Spread before costs (cost unknown: a leg has no order-book sample)−0.163%
7d average—if it closes, per $10,000$16funding while held, a day+$1.75
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Vest MSTR-USD-PERP | 166.02 | 0.0046 | pay 0.0006% / 1h | 27m 32s | — | $1.3M | 25x |
| Short | Aevo MSTR-PERP | 165.75 | 0.0104 | get 0.0013% / 1h | 27m 32s | $138 | — | 10x |
Vest MSTR-USD-PERP
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
- −$16.27
- Funding while held
- $1.75
- Slippage, 4 orders
- no order book: not counted
- Fee Vest: 1 bp × 2 orders
- −$2
- Fee Aevo: 8 bp × 2 orders
- −$16
- Net
- −$32.52
- Spread needed to break even
- 0.180%
Slippage unknown: Vest: no order-book sample; Aevo: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0058%
- Per $10,000 a day
- +$1.75
- 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 Vest no order-book sample | — | — | — | — | — |
| Sell Aevo no order-book sample | — | — | — | — | — |
Vest and 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.Phemex165.49cheapestOndo Perps165.55+0.036%Extended165.61+0.073%Orderly165.66+0.103%SoDEX165.66+0.103%Deribit165.72+0.139%Injective165.73+0.145%Paradex165.75+0.156%
Phemex
Ondo Perps
Extended
Orderly
SoDEX
Deribit
Injective
ParadexAevo165.75+0.157%
tradeXYZ165.75+0.157%Gate165.75+0.157%QFEX165.76+0.163%Aster165.77+0.169%Coinbase International165.77+0.169%Pacifica165.78+0.173%Lighter165.81+0.193%Nado165.83+0.208%KuCoin165.85+0.218%RISEx165.86+0.223%Arcus165.86+0.224%Binance165.94+0.271%BloFin165.95+0.278%Bybit165.96+0.284%ApeX Omni165.96+0.284%Polymarket Perps165.99+0.302%
tradeXYZ
Gate
QFEX
Aster
Coinbase International
Pacifica
Lighter
Nado
KuCoin
RISEx
Arcus
Binance
BloFin
Bybit
ApeX Omni
Polymarket PerpsVest166.02+0.320%
Bitget166.03+0.326%OKX166.09+0.363%edgeX166.10+0.368%Variational Omni166.15+0.396%Phoenix166.38+0.536%
Bitget
OKX
Variational Omni
PhoenixMSTR on 31 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Phemex MSTRUSDT | −0.319% | 0.0000% | 4h | $2.8M | $30K | 10x | as long as short |
| Ondo Perps MSTR-USD.P | −0.283% | +0.0050% | 1h | $843K | $4.3M | 10x | as long as short |
| Extended MSTR_24_5-USD | −0.247% | +0.0032% | 1h | $493K | $2.3M | 10x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | −0.217% | +0.0100% | 8h | $3K | $14K | 10x | as long as short |
| SoDEX MSTR-USD | −0.217% | +0.0050% | 1h | $44K | $3K | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | −0.181% | +0.0596% | 1h | $282K | $450K | 10x | as long as short |
| Injective MSTR/USDC PERP | −0.175% | −0.0440% | 1h | $12K | $123K | 30x | as long as short |
| Paradex MSTR-USD-PERP | −0.163% | +0.0116% | 8h | $66 | — | 5x | as long as short |
| Aevo MSTR-PERPshort | −0.163% | +0.0104% | 1h | $138 | — | 10x | |
| tradeXYZ xyz:MSTR | −0.163% | +0.0196% | 1h | $56.6M | $29.9M | 10x | as long as short |
Show all 31 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Gate MSTR_USDT | −0.163% | 0.0000% | 8h | $5.0M | $18.6M | 50x | as long as short |
| QFEX MSTR-USD | −0.157% | +0.0057% | 1h | $1.3M | $8.9M | 10x | as long as short |
| Aster MSTRUSDT | −0.151% | +0.0443% | 8h | $1.6M | $5.0M | 50x | as long as short |
| Coinbase International MSTR-PERP-INTX | −0.151% | +0.0160% | 1h | $1.5M | $1.2M | 10x | as long as short |
| Pacifica MSTR | −0.146% | +0.0100% | 1h | $101K | $176K | 10x | as long as short |
| Lighter MSTR | −0.126% | +0.0160% | 1h | $3.6M | $2.9M | 10x | as long as short |
| Nado MSTR-PERP | −0.112% | +0.0087% | 1h | $155K | $245K | 3x | as long as short |
| KuCoin MSTRUSDTM | −0.102% | +0.0139% | 8h | $3.2M | $2.1M | 20x | as long as short |
| RISEx MSTR/USDC | −0.097% | +0.0566% | 1h | $196K | $392K | 10x | as long as short |
| Arcus MSTR-USD | −0.096% | +0.0991% | 1h | $26K | $123K | 10x | as long as short |
| Binance MSTRUSDT | −0.049% | +0.0413% | 8h | $86.0M | $477.2M | 50x | as long as short |
| BloFin MSTR-USDT | −0.042% | +0.0542% | 8h | $1.1M | $1.4M | 20x | as long as short |
| Bybit MSTRUSDT | −0.036% | +0.0202% | 8h | $15.8M | $41.5M | 50x | as long as short |
| ApeX Omni MSTRUSDT | −0.036% | +0.0100% | 1h | $132K | $2.4M | 50x | as long as short |
| Polymarket Perps MSTR-USD | −0.018% | +0.0050% | 1h | $418K | $1.7M | 10x | as long as short |
| Vest MSTR-USD-PERPlong | 0.000% | +0.0046% | 1h | — | $1.3M | 25x | |
| Bitget MSTRUSDT | +0.006% | +0.0401% | 8h | $28.7M | $106.0M | 25x | as long as short |
| OKX MSTR-USDT-SWAP | +0.042% | +0.0363% | 8h | $21.8M | $96.7M | 50x | as long as short |
| edgeX MSTRUSDC | +0.048% | +0.0400% | 4h | $61K | $4.1M | 10x | as long as short |
| Variational Omni MSTR | +0.076% | +0.0342% | 8h | $1.3M | $2.1M | — | as long as short |
| Phoenix MSTR | +0.215% | +0.0320% | 1h | $54K | $334K | 10x | as long as short |