Spread before costs (cost unknown: a leg has no order-book sample)−0.008%
7d average—if it closes, per $10,000$1funding while held, a day+$1.50
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SoDEX MSTR-USD | 166.12 | 0.0050 | pay 0.0006% / 1h | 10m 28s | $44K | $3K | 10x |
| Short | Pacifica MSTR | 166.11 | 0.0100 | get 0.0013% / 1h | 10m 28s | $101K | $152K | 10x |
SoDEX MSTR-USD
Pacifica MSTRPrice 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
- −$0.78
- Funding while held
- $1.5
- Slippage, 4 orders
- no order book: not counted
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Net
- −$15.28
- Spread needed to break even
- 0.160%
Slippage unknown: SoDEX: no order-book sample; Pacifica: live order book, 24 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 Pacifica live order book, 24 min ago | 1.21 bp | 12.7 bp −$13 | doesn't fit | doesn't fit | 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 International164.72cheapestNado165.96+0.752%Extended165.99+0.768%Ondo Perps166.04+0.801%Phoenix166.07+0.820%Orderly166.07+0.820%BloFin166.07+0.820%Aevo166.10+0.837%
Coinbase International
Nado
Extended
Ondo Perps
Phoenix
Orderly
BloFin
AevoPacifica166.11+0.842%
tradeXYZ166.11+0.844%Lighter166.11+0.844%Gate166.11+0.844%KuCoin166.11+0.844%Polymarket Perps166.11+0.844%Paradex166.12+0.847%Binance166.12+0.850%Vest166.12+0.850%
tradeXYZ
Lighter
Gate
KuCoin
Polymarket Perps
Paradex
Binance
VestSoDEX166.12+0.850%
Aster166.13+0.856%Phemex166.13+0.856%RISEx166.13+0.859%QFEX166.15+0.868%Bitget166.16+0.874%OKX166.17+0.880%Arcus166.17+0.880%Deribit166.18+0.886%edgeX166.20+0.900%Bybit166.21+0.905%ApeX Omni166.24+0.923%Injective166.28+0.947%Variational Omni166.31+0.966%
Aster
Phemex
RISEx
QFEX
Bitget
OKX
Arcus
Deribit
Bybit
ApeX Omni
Injective
Variational OmniMSTR 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 | −0.843% | +0.0104% | 1h | $1.4M | $1.1M | 10x | as long as short |
| Nado MSTR-PERP | −0.098% | +0.0021% | 1h | $124K | $229K | 3x | as long as short |
| Extended MSTR_24_5-USD | −0.081% | +0.0032% | 1h | $577K | $2.1M | 10x | as long as short |
| Ondo Perps MSTR-USD.P | −0.048% | +0.0050% | 1h | $777K | $4.7M | 10x | as long as short |
| Phoenix MSTR | −0.030% | +0.0237% | 1h | $56K | $384K | 10x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | −0.030% | +0.0100% | 8h | $3K | $12K | 10x | as long as short |
| BloFin MSTR-USDT | −0.030% | +0.0263% | 8h | $1.1M | $1.6M | 20x | as long as short |
| Aevo MSTR-PERP | −0.012% | +0.0104% | 1h | $138 | — | 10x | as long as short |
| Pacifica MSTRshort | −0.008% | +0.0100% | 1h | $101K | $152K | 10x | |
| tradeXYZ xyz:MSTR | −0.006% | +0.0091% | 1h | $56.4M | $34.0M | 10x | as long as short |
Show all 31 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Lighter MSTR | −0.006% | +0.0032% | 1h | $3.5M | $2.6M | 10x | as long as short |
| Gate MSTR_USDT | −0.006% | 0.0000% | 8h | $4.8M | $18.7M | 50x | as long as short |
| KuCoin MSTRUSDTM | −0.006% | +0.0100% | 8h | $2.6M | $2.7M | 20x | as long as short |
| Polymarket Perps MSTR-USD | −0.006% | +0.0050% | 1h | $405K | $2.4M | 10x | as long as short |
| Paradex MSTR-USD-PERP | −0.003% | +0.0077% | 8h | $66 | — | 5x | as long as short |
| Binance MSTRUSDT | 0.000% | +0.0142% | 8h | $87.5M | $599.9M | 50x | as long as short |
| Vest MSTR-USD-PERP | 0.000% | +0.0046% | 1h | — | $1.9M | 25x | as long as short |
| SoDEX MSTR-USDlong | 0.000% | +0.0050% | 1h | $44K | $3K | 10x | |
| Aster MSTRUSDT | +0.006% | +0.0126% | 8h | $1.3M | $6.1M | 50x | as long as short |
| Phemex MSTRUSDT | +0.006% | 0.0000% | 4h | $2.8M | $47K | 10x | as long as short |
| RISEx MSTR/USDC | +0.009% | 0.0000% | 1h | $286K | $469K | 10x | as long as short |
| QFEX MSTR-USD | +0.018% | +0.0065% | 1h | $1.4M | $9.8M | 10x | as long as short |
| Bitget MSTRUSDT | +0.024% | +0.0220% | 8h | $28.5M | $113.3M | 25x | as long as short |
| OKX MSTR-USDT-SWAP | +0.030% | +0.0111% | 8h | $22.1M | $102.4M | 50x | as long as short |
| Arcus MSTR-USD | +0.030% | +0.0553% | 1h | $27K | $122K | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.036% | +0.0714% | 1h | $282K | $481K | 10x | as long as short |
| edgeX MSTRUSDC | +0.049% | +0.0644% | 4h | $45K | $5.2M | 10x | as long as short |
| Bybit MSTRUSDT | +0.054% | +0.0284% | 8h | $15.4M | $40.3M | 50x | as long as short |
| ApeX Omni MSTRUSDT | +0.072% | +0.0100% | 1h | $4K | $1.4M | 50x | as long as short |
| Injective MSTR/USDC PERP | +0.096% | +0.0188% | 1h | $12K | $48K | 30x | as long as short |
| Variational Omni MSTR | +0.115% | +0.0091% | 8h | $1.2M | $2.4M | — | as long as short |