Spread before costs (cost unknown: a leg has no order-book sample)+0.131%
7d average—if it closes, per $10,000$13funding while held, a day−$1.50
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SoDEX MSTR-USD | 167.72 | 0.0050 | pay 0.0006% / 1h | 49m 47s | $44K | $3K | 10x |
| Short | Gate MSTR_USDT | 167.94 | 0 | get 0.0000% / 8h | 49m 47s | $5.0M | $18.4M | 50x |
SoDEX MSTR-USD
Gate MSTR_USDTPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- $13.12
- Funding while held
- −$1.5
- Slippage, 4 orders
- no order book: not counted
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$11.38
- Spread needed to break even
- 0.230%
Slippage unknown: SoDEX: no order-book sample; Gate: live order book, 5 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0050%
- Per $10,000 a day
- −$1.50
- Average in range /8h
- —
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy SoDEX no order-book sample | — | — | — | — | — |
| Sell Gate live order book, 5 min ago | 2.99 bp | 19.3 bp −$19 | 30.9 bp −$309 | 129.2 bp −$12.9K | doesn't fit |
SoDEX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
MSTR price on every exchange
against the cheapest. Click to use as the short leg.Coinbase International166.86cheapestInjective166.94+0.048%ApeX Omni167.14+0.168%Ondo Perps167.23+0.222%Phoenix167.26+0.239%edgeX167.36+0.300%Phemex167.37+0.306%Variational Omni167.40+0.326%Nado167.66+0.477%Orderly167.72+0.515%
Coinbase International
Injective
ApeX Omni
Ondo Perps
Phoenix
Phemex
Variational Omni
Nado
OrderlySoDEX167.72+0.515%
QFEX167.76+0.539%Polymarket Perps167.77+0.545%Deribit167.77+0.545%Aevo167.78+0.554%RISEx167.89+0.614%Vest167.91+0.629%Aster167.91+0.632%
QFEX
Polymarket Perps
Deribit
Aevo
RISEx
Vest
AsterGate167.94+0.647%
BloFin167.95+0.653%KuCoin168.01+0.689%tradeXYZ168.06+0.719%Extended168.08+0.731%Binance168.09+0.739%Lighter168.10+0.743%Pacifica168.13+0.760%Paradex168.18+0.793%Bitget168.22+0.815%Bybit168.25+0.833%Arcus168.27+0.845%OKX168.28+0.851%
BloFin
KuCoin
tradeXYZ
Extended
Binance
Lighter
Pacifica
Paradex
Bitget
Bybit
Arcus
OKXMSTR on 31 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Coinbase International MSTR-PERP-INTX | −0.513% | +0.0112% | 1h | $1.5M | $1.2M | 10x | as long as short |
| Injective MSTR/USDC PERP | −0.465% | +0.0033% | 1h | $12K | $97K | 30x | as long as short |
| ApeX Omni MSTRUSDT | −0.346% | +0.0100% | 1h | $133K | $2.4M | 50x | as long as short |
| Ondo Perps MSTR-USD.P | −0.292% | +0.0050% | 1h | $915K | $4.6M | 10x | as long as short |
| Phoenix MSTR | −0.275% | +0.0216% | 1h | $55K | $364K | 10x | as long as short |
| edgeX MSTRUSDC | −0.214% | +0.0912% | 4h | $60K | $4.6M | 10x | as long as short |
| Phemex MSTRUSDT | −0.209% | 0.0000% | 4h | $2.8M | $32K | 10x | as long as short |
| Variational Omni MSTR | −0.188% | +0.0316% | 8h | $1.3M | $2.2M | — | as long as short |
| Nado MSTR-PERP | −0.038% | +0.0104% | 1h | $129K | $259K | 3x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | 0.000% | +0.0100% | 8h | $3K | $14K | 10x | as long as short |
Show all 31 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| SoDEX MSTR-USDlong | 0.000% | +0.0050% | 1h | $44K | $3K | 10x | |
| QFEX MSTR-USD | +0.024% | +0.0057% | 1h | $1.3M | $9.1M | 10x | as long as short |
| Polymarket Perps MSTR-USD | +0.030% | +0.0120% | 1h | $411K | $2.0M | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.030% | +0.0884% | 1h | $285K | $456K | 10x | as long as short |
| Aevo MSTR-PERP | +0.038% | +0.0104% | 1h | $139 | — | 10x | as long as short |
| RISEx MSTR/USDC | +0.099% | +0.0486% | 1h | $201K | $393K | 10x | as long as short |
| Vest MSTR-USD-PERP | +0.113% | +0.0046% | 1h | — | $1.4M | 25x | as long as short |
| Aster MSTRUSDT | +0.116% | +0.0408% | 8h | $1.3M | $5.9M | 50x | as long as short |
| Gate MSTR_USDTshort | +0.131% | 0.0000% | 8h | $5.0M | $18.4M | 50x | |
| BloFin MSTR-USDT | +0.137% | +0.0504% | 8h | $1.1M | $1.4M | 20x | as long as short |
| KuCoin MSTRUSDTM | +0.173% | +0.0182% | 8h | $2.6M | $2.6M | 20x | as long as short |
| tradeXYZ xyz:MSTR | +0.203% | +0.0278% | 1h | $57.4M | $31.5M | 10x | as long as short |
| Extended MSTR_24_5-USD | +0.215% | +0.0056% | 1h | $514K | $2.3M | 10x | as long as short |
| Binance MSTRUSDT | +0.223% | +0.0387% | 8h | $89.7M | $527.6M | 50x | as long as short |
| Lighter MSTR | +0.227% | +0.0168% | 1h | $3.6M | $2.9M | 10x | as long as short |
| Pacifica MSTR | +0.244% | +0.0100% | 1h | $103K | $167K | 10x | as long as short |
| Paradex MSTR-USD-PERP | +0.276% | +0.0133% | 8h | $67 | — | 5x | as long as short |
| Bitget MSTRUSDT | +0.298% | +0.0380% | 8h | $29.0M | $109.5M | 25x | as long as short |
| Bybit MSTRUSDT | +0.316% | +0.0234% | 8h | $16.0M | $42.5M | 50x | as long as short |
| Arcus MSTR-USD | +0.328% | +0.0705% | 1h | $27K | $122K | 10x | as long as short |
| OKX MSTR-USDT-SWAP | +0.334% | +0.0337% | 8h | $22.3M | $100.9M | 50x | as long as short |