Spread before costs (cost unknown: a leg has no order-book sample)−0.292%
7d average—if it closes, per $10,000$29funding while held, a day−$4.56
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni MSTR | 166.93 | 0.0256 | pay 0.0256% / 8h | 3m 34s | $1.3M | $2.2M | — |
| Short | Aevo MSTR-PERP | 166.44 | 0.0104 | get 0.0013% / 1h | 3m 34s | $138 | — | 10x |
Variational Omni MSTR
Aevo MSTR-PERPPrice 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
- −$29.25
- Funding while held
- −$4.56
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Aevo: 8 bp × 2 orders
- −$16
- Net
- −$49.81
- Spread needed to break even
- 0.160%
Slippage unknown: Variational Omni: RFQ quote, 2 min ago; Aevo: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0152%
- Per $10,000 a day
- −$4.56
- 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 Variational Omni RFQ quote, 2 min ago | 2.97 bp | doesn't fit | 10.7 bp −$107 | doesn't fit | doesn't fit |
| Sell Aevo no order-book sample | — | — | — | — | — |
Aevo: 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.Ondo Perps166.30cheapestOrderly166.35+0.030%Nado166.38+0.051%Extended166.39+0.053%Aster166.39+0.053%SoDEX166.39+0.054%Phemex166.39+0.054%KuCoin166.43+0.078%
Ondo Perps
Orderly
Nado
Extended
Aster
SoDEX
Phemex
KuCoinAevo166.44+0.084%
tradeXYZ166.47+0.102%QFEX166.47+0.102%Vest166.47+0.102%Deribit166.47+0.102%Lighter166.49+0.114%Paradex166.50+0.119%Pacifica166.50+0.119%Gate166.50+0.120%Polymarket Perps166.50+0.120%Injective166.50+0.120%RISEx166.52+0.134%Binance166.53+0.136%ApeX Omni166.53+0.138%Bybit166.55+0.150%Arcus166.58+0.168%OKX166.59+0.174%Bitget166.59+0.174%BloFin166.63+0.198%edgeX166.75+0.269%Coinbase International166.80+0.301%
tradeXYZ
QFEX
Vest
Deribit
Lighter
Paradex
Pacifica
Gate
Polymarket Perps
Injective
RISEx
Binance
ApeX Omni
Bybit
Arcus
OKX
Bitget
BloFin
Coinbase InternationalVariational Omni166.93+0.377%
Phoenix167.22+0.553%
PhoenixMSTR on 31 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Ondo Perps MSTR-USD.P | −0.376% | +0.0050% | 1h | $845K | $4.6M | 10x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | −0.346% | +0.0100% | 8h | $3K | $12K | 10x | as long as short |
| Nado MSTR-PERP | −0.326% | +0.0014% | 1h | $128K | $256K | 3x | as long as short |
| Extended MSTR_24_5-USD | −0.323% | +0.0032% | 1h | $502K | $2.2M | 10x | as long as short |
| Aster MSTRUSDT | −0.323% | +0.0316% | 8h | $1.3M | $6.0M | 50x | as long as short |
| SoDEX MSTR-USD | −0.322% | +0.0050% | 1h | $44K | $3K | 10x | as long as short |
| Phemex MSTRUSDT | −0.322% | 0.0000% | 4h | $2.8M | $37K | 10x | as long as short |
| KuCoin MSTRUSDTM | −0.298% | +0.0101% | 8h | $2.6M | $2.6M | 20x | as long as short |
| Aevo MSTR-PERPshort | −0.292% | +0.0104% | 1h | $138 | — | 10x | |
| tradeXYZ xyz:MSTR | −0.274% | +0.0164% | 1h | $56.7M | $31.5M | 10x | as long as short |
Show all 31 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| QFEX MSTR-USD | −0.274% | +0.0057% | 1h | $1.3M | $9.2M | 10x | as long as short |
| Vest MSTR-USD-PERP | −0.274% | +0.0046% | 1h | — | $1.7M | 25x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | −0.274% | +0.0471% | 1h | $283K | $453K | 10x | as long as short |
| Lighter MSTR | −0.262% | +0.0048% | 1h | $3.6M | $3.0M | 10x | as long as short |
| Paradex MSTR-USD-PERP | −0.258% | +0.0096% | 8h | $67 | — | 5x | as long as short |
| Pacifica MSTR | −0.257% | +0.0100% | 1h | $102K | $153K | 10x | as long as short |
| Gate MSTR_USDT | −0.256% | 0.0000% | 8h | $4.9M | $19.2M | 50x | as long as short |
| Polymarket Perps MSTR-USD | −0.256% | +0.0050% | 1h | $403K | $2.2M | 10x | as long as short |
| Injective MSTR/USDC PERP | −0.256% | +0.0033% | 1h | $12K | $97K | 30x | as long as short |
| RISEx MSTR/USDC | −0.243% | +0.0486% | 1h | $296K | $476K | 10x | as long as short |
| Binance MSTRUSDT | −0.240% | +0.0312% | 8h | $88.9M | $549.3M | 50x | as long as short |
| ApeX Omni MSTRUSDT | −0.238% | +0.0100% | 1h | $130K | $1.9M | 50x | as long as short |
| Bybit MSTRUSDT | −0.226% | +0.0228% | 8h | $15.5M | $43.3M | 50x | as long as short |
| Arcus MSTR-USD | −0.208% | +0.0705% | 1h | $26K | $126K | 10x | as long as short |
| OKX MSTR-USDT-SWAP | −0.202% | +0.0264% | 8h | $22.2M | $101.5M | 50x | as long as short |
| Bitget MSTRUSDT | −0.202% | +0.0323% | 8h | $28.9M | $110.8M | 25x | as long as short |
| BloFin MSTR-USDT | −0.178% | +0.0437% | 8h | $1.1M | $1.4M | 20x | as long as short |
| edgeX MSTRUSDC | −0.108% | +0.0023% | 4h | $37K | $4.8M | 10x | as long as short |
| Coinbase International MSTR-PERP-INTX | −0.076% | +0.0112% | 1h | $1.5M | $1.2M | 10x | as long as short |
| Variational Omni MSTRlong | 0.000% | +0.0256% | 8h | $1.3M | $2.2M | — | |
| Phoenix MSTR | +0.175% | +0.0216% | 1h | $54K | $364K | 10x | as long as short |