Spread before costs (cost unknown: a leg has no order-book sample)−0.096%
7d average+0.511%if it closes, per $10,000$10funding while held, a day+$11.14
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Vest MSTR-USD-PERP | 166.43 | 0.0046 | pay 0.0006% / 1h | 30m 07s | — | $1.3M | 25x |
| Short | Binance MSTRUSDT | 166.27 | 0.0417 | get 0.0417% / 8h | 1h 30m | $86.2M | $476.5M | 50x |
Vest MSTR-USD-PERP
Binance MSTRUSDTPrice 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
- −$9.61
- Funding while held
- $11.14
- Slippage, 4 orders
- no order book: not counted
- Fee Vest: 1 bp × 2 orders
- −$2
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$10.47
- Spread needed to break even
- 0.120%
Slippage unknown: Vest: no order-book sample; Binance: live order book, 15 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0371%
- Per $10,000 a day
- +$11.14
- 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 Binance live order book, 15 min ago | 0.30 bp | 5.9 bp −$6 | 9.9 bp −$99 | 30.4 bp −$3,042 | 104.1 bp −$52.0K |
Vest: 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.Phoenix165.56cheapestInjective165.73+0.105%ApeX Omni165.89+0.202%Ondo Perps165.91+0.214%Coinbase International165.93+0.226%edgeX166.02+0.279%BloFin166.10+0.329%Phemex166.12+0.341%Pacifica166.14+0.350%Variational Omni166.15+0.356%Paradex166.15+0.356%Bitget166.23+0.407%Extended166.26+0.428%
Phoenix
Injective
ApeX Omni
Ondo Perps
Coinbase International
BloFin
Phemex
Pacifica
Variational Omni
Paradex
Bitget
ExtendedBinance166.27+0.431%
QFEX166.27+0.431%Aster166.28+0.439%Lighter166.29+0.443%Bybit166.29+0.443%SoDEX166.29+0.443%tradeXYZ166.30+0.449%OKX166.32+0.461%Arcus166.33+0.468%Orderly166.33+0.468%RISEx166.33+0.469%Gate166.34+0.474%Deribit166.34+0.474%Nado166.35+0.477%Aevo166.36+0.488%
QFEX
Aster
Lighter
Bybit
SoDEX
tradeXYZ
OKX
Arcus
Orderly
RISEx
Gate
Deribit
Nado
AevoVest166.43+0.528%
Polymarket Perps166.45+0.540%KuCoin166.48+0.558%
Polymarket Perps
KuCoinMSTR on 31 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Phoenix MSTR | −0.525% | +0.0320% | 1h | $53K | $334K | 10x | as long as short |
| Injective MSTR/USDC PERP | −0.421% | −0.0440% | 1h | $12K | $123K | 30x | as long as short |
| ApeX Omni MSTRUSDT | −0.324% | +0.0100% | 1h | $132K | $2.4M | 50x | as long as short |
| Ondo Perps MSTR-USD.P | −0.312% | +0.0050% | 1h | $843K | $4.3M | 10x | as long as short |
| Coinbase International MSTR-PERP-INTX | −0.300% | +0.0160% | 1h | $1.5M | $1.2M | 10x | as long as short |
| edgeX MSTRUSDC | −0.247% | +0.0698% | 4h | $61K | $4.1M | 10x | as long as short |
| BloFin MSTR-USDT | −0.198% | +0.0543% | 8h | $1.1M | $1.4M | 20x | as long as short |
| Phemex MSTRUSDT | −0.186% | 0.0000% | 4h | $2.8M | $30K | 10x | as long as short |
| Pacifica MSTR | −0.177% | +0.0100% | 1h | $102K | $176K | 10x | as long as short |
| Variational Omni MSTR | −0.171% | +0.0342% | 8h | $1.3M | $2.1M | — | as long as short |
Show all 31 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Paradex MSTR-USD-PERP | −0.171% | +0.0116% | 8h | $66 | — | 5x | as long as short |
| Bitget MSTRUSDT | −0.120% | +0.0405% | 8h | $28.7M | $106.0M | 25x | as long as short |
| Extended MSTR_24_5-USD | −0.099% | +0.0032% | 1h | $498K | $2.2M | 10x | as long as short |
| Binance MSTRUSDTshort | −0.096% | +0.0417% | 8h | $86.2M | $476.5M | 50x | |
| QFEX MSTR-USD | −0.096% | +0.0057% | 1h | $1.3M | $8.9M | 10x | as long as short |
| Aster MSTRUSDT | −0.088% | +0.0448% | 8h | $1.6M | $5.0M | 50x | as long as short |
| Lighter MSTR | −0.084% | +0.0152% | 1h | $3.6M | $2.9M | 10x | as long as short |
| Bybit MSTRUSDT | −0.084% | +0.0202% | 8h | $15.8M | $41.5M | 50x | as long as short |
| SoDEX MSTR-USD | −0.084% | +0.0050% | 1h | $44K | $3K | 10x | as long as short |
| tradeXYZ xyz:MSTR | −0.078% | +0.0189% | 1h | $56.7M | $29.9M | 10x | as long as short |
| OKX MSTR-USDT-SWAP | −0.066% | +0.0366% | 8h | $21.8M | $96.8M | 50x | as long as short |
| Arcus MSTR-USD | −0.060% | +0.0991% | 1h | $26K | $123K | 10x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | −0.060% | +0.0100% | 8h | $3K | $14K | 10x | as long as short |
| RISEx MSTR/USDC | −0.059% | +0.0566% | 1h | $196K | $392K | 10x | as long as short |
| Gate MSTR_USDT | −0.054% | 0.0000% | 8h | $5.0M | $18.5M | 50x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | −0.054% | +0.0773% | 1h | $283K | $450K | 10x | as long as short |
| Nado MSTR-PERP | −0.050% | +0.0079% | 1h | $155K | $245K | 3x | as long as short |
| Aevo MSTR-PERP | −0.039% | +0.0104% | 1h | $138 | — | 10x | as long as short |
| Vest MSTR-USD-PERPlong | 0.000% | +0.0046% | 1h | — | $1.3M | 25x | |
| Polymarket Perps MSTR-USD | +0.012% | +0.0050% | 1h | $421K | $1.7M | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.030% | +0.0133% | 8h | $3.2M | $2.1M | 20x | as long as short |