Spread before costs (cost unknown: a leg has no order-book sample)−0.819%
7d average+1.000%if it closes, per $10,000$82funding 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 | 166.08 | 0.0046 | pay 0.0006% / 1h | 49m 28s | — | $1.8M | 25x |
| Short | Coinbase International MSTR-PERP-INTX | 164.72 | 0.0104 | get 0.0013% / 1h | 49m 28s | $1.4M | $1.1M | 10x |
Vest MSTR-USD-PERP
Coinbase International MSTR-PERP-INTXPrice 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
- −$81.89
- Funding while held
- $1.75
- Slippage, 4 orders
- no order book: not counted
- Fee Vest: 1 bp × 2 orders
- −$2
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$92.14
- Spread needed to break even
- 0.120%
Slippage unknown: Vest: no order-book sample; Coinbase International: live order book, just now. 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 Coinbase International live order book, just now | 5.73 bp | 10.7 bp −$11 | 12.3 bp −$123 | doesn't fit | doesn't fit |
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.Coinbase International164.72cheapest
Nado165.61+0.542%Injective165.62+0.546%Ondo Perps165.64+0.559%ApeX Omni165.72+0.607%Aster165.81+0.661%BloFin165.81+0.662%Extended165.82+0.665%SoDEX165.82+0.668%Orderly165.84+0.680%Phemex165.85+0.686%Aevo165.87+0.699%Pacifica165.87+0.701%RISEx165.91+0.722%KuCoin165.91+0.722%Deribit165.91+0.722%Paradex165.92+0.728%Lighter165.92+0.729%edgeX165.92+0.731%Gate165.94+0.741%QFEX165.95+0.747%tradeXYZ165.96+0.753%OKX165.96+0.753%Phoenix165.97+0.759%Binance165.98+0.763%Arcus165.98+0.765%Polymarket Perps165.98+0.765%Bitget165.99+0.771%Bybit166.01+0.783%Variational Omni166.02+0.789%
Nado
Injective
Ondo Perps
ApeX Omni
Aster
BloFin
Extended
SoDEX
Orderly
Phemex
Aevo
Pacifica
RISEx
KuCoin
Deribit
Paradex
Lighter
Gate
QFEX
tradeXYZ
OKX
Phoenix
Binance
Arcus
Polymarket Perps
Bitget
Bybit
Variational OmniVest166.08+0.826%
MSTR on 31 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Coinbase International MSTR-PERP-INTXshort | −0.819% | +0.0104% | 1h | $1.4M | $1.1M | 10x | |
| Nado MSTR-PERP | −0.281% | +0.0118% | 1h | $124K | $240K | 3x | as long as short |
| Injective MSTR/USDC PERP | −0.277% | +0.0188% | 1h | $12K | $48K | 30x | as long as short |
| Ondo Perps MSTR-USD.P | −0.265% | +0.0050% | 1h | $779K | $4.7M | 10x | as long as short |
| ApeX Omni MSTRUSDT | −0.217% | +0.0100% | 1h | $4K | $1.4M | 50x | as long as short |
| Aster MSTRUSDT | −0.163% | +0.0171% | 8h | $1.3M | $6.1M | 50x | as long as short |
| BloFin MSTR-USDT | −0.163% | +0.0308% | 8h | $1.1M | $1.6M | 20x | as long as short |
| Extended MSTR_24_5-USD | −0.159% | +0.0032% | 1h | $574K | $2.1M | 10x | as long as short |
| SoDEX MSTR-USD | −0.157% | +0.0050% | 1h | $44K | $3K | 10x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | −0.145% | +0.0100% | 8h | $3K | $12K | 10x | as long as short |
Show all 31 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Phemex MSTRUSDT | −0.138% | 0.0000% | 4h | $2.8M | $45K | 10x | as long as short |
| Aevo MSTR-PERP | −0.126% | +0.0104% | 1h | $138 | — | 10x | as long as short |
| Pacifica MSTR | −0.124% | +0.0100% | 1h | $101K | $153K | 10x | as long as short |
| RISEx MSTR/USDC | −0.102% | 0.0000% | 1h | $296K | $469K | 10x | as long as short |
| KuCoin MSTRUSDTM | −0.102% | +0.0100% | 8h | $2.6M | $2.7M | 20x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | −0.102% | +0.0293% | 1h | $282K | $488K | 10x | as long as short |
| Paradex MSTR-USD-PERP | −0.097% | +0.0103% | 8h | $66 | — | 5x | as long as short |
| Lighter MSTR | −0.096% | +0.0032% | 1h | $3.5M | $2.6M | 10x | as long as short |
| edgeX MSTRUSDC | −0.094% | +0.0800% | 4h | $44K | $5.2M | 10x | as long as short |
| Gate MSTR_USDT | −0.084% | 0.0000% | 8h | $4.8M | $18.5M | 50x | as long as short |
| QFEX MSTR-USD | −0.078% | +0.0065% | 1h | $1.4M | $9.7M | 10x | as long as short |
| tradeXYZ xyz:MSTR | −0.072% | +0.0110% | 1h | $56.3M | $33.8M | 10x | as long as short |
| OKX MSTR-USDT-SWAP | −0.072% | +0.0147% | 8h | $22.0M | $102.1M | 50x | as long as short |
| Phoenix MSTR | −0.066% | +0.0237% | 1h | $55K | $384K | 10x | as long as short |
| Binance MSTRUSDT | −0.062% | +0.0184% | 8h | $87.7M | $597.7M | 50x | as long as short |
| Arcus MSTR-USD | −0.060% | +0.0553% | 1h | $27K | $119K | 10x | as long as short |
| Polymarket Perps MSTR-USD | −0.060% | +0.0050% | 1h | $400K | $2.3M | 10x | as long as short |
| Bitget MSTRUSDT | −0.054% | +0.0240% | 8h | $28.5M | $112.9M | 25x | as long as short |
| Bybit MSTRUSDT | −0.042% | +0.0306% | 8h | $15.4M | $40.4M | 50x | as long as short |
| Variational Omni MSTR | −0.037% | +0.0135% | 8h | $1.2M | $2.4M | — | as long as short |
| Vest MSTR-USD-PERPlong | 0.000% | +0.0046% | 1h | — | $1.8M | 25x |