Spread before costs (cost unknown: a leg has no order-book sample)−0.114%
7d average+1.044%if it closes, per $10,000$11funding while held, a day−$1.37
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Vest MSTR-USD-PERP | 166.24 | 0.0046 | pay 0.0006% / 1h | 30m 42s | — | $1.3M | 25x |
| Short | Gate MSTR_USDT | 166.05 | 0 | get 0.0000% / 8h | 1h 30m | $5.0M | $18.5M | 50x |
Vest MSTR-USD-PERP
Gate MSTR_USDTPrice 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
- −$11.43
- Funding while held
- −$1.37
- Slippage, 4 orders
- no order book: not counted
- Fee Vest: 1 bp × 2 orders
- −$2
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$29.8
- Spread needed to break even
- 0.170%
Slippage unknown: Vest: no order-book sample; Gate: live order book, 5 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0046%
- Per $10,000 a day
- −$1.37
- 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 Gate live order book, 5 min ago | 3.02 bp | 16.3 bp −$16 | 20.4 bp −$204 | 117.2 bp −$11.7K | 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.Phoenix165.56cheapestInjective165.73+0.105%Extended165.88+0.198%ApeX Omni165.89+0.202%Coinbase International165.93+0.226%Phemex165.98+0.256%Nado165.99+0.262%edgeX166.02+0.279%tradeXYZ166.04+0.292%Bitget166.04+0.292%
Phoenix
Injective
Extended
ApeX Omni
Coinbase International
Phemex
Nado
tradeXYZ
BitgetGate166.05+0.298%
Lighter166.07+0.310%Ondo Perps166.10+0.329%BloFin166.10+0.329%Aster166.11+0.332%Orderly166.11+0.335%Deribit166.11+0.335%SoDEX166.13+0.347%Pacifica166.14+0.353%Polymarket Perps166.14+0.353%Paradex166.15+0.356%Variational Omni166.15+0.356%Binance166.15+0.359%KuCoin166.15+0.359%Aevo166.16+0.364%QFEX166.17+0.371%Bybit166.20+0.389%RISEx166.21+0.395%
Lighter
Ondo Perps
BloFin
Aster
Orderly
Deribit
SoDEX
Pacifica
Polymarket Perps
Paradex
Variational Omni
Binance
KuCoin
Aevo
QFEX
Bybit
RISExVest166.24+0.413%
Arcus166.25+0.419%OKX166.32+0.461%
Arcus
OKXMSTR on 31 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Phoenix MSTR | −0.411% | +0.0320% | 1h | $53K | $334K | 10x | as long as short |
| Injective MSTR/USDC PERP | −0.307% | −0.0440% | 1h | $12K | $123K | 30x | as long as short |
| Extended MSTR_24_5-USD | −0.215% | +0.0032% | 1h | $495K | $2.2M | 10x | as long as short |
| ApeX Omni MSTRUSDT | −0.211% | +0.0100% | 1h | $132K | $2.4M | 50x | as long as short |
| Coinbase International MSTR-PERP-INTX | −0.186% | +0.0160% | 1h | $1.5M | $1.2M | 10x | as long as short |
| Phemex MSTRUSDT | −0.156% | 0.0000% | 4h | $2.8M | $30K | 10x | as long as short |
| Nado MSTR-PERP | −0.151% | +0.0076% | 1h | $155K | $245K | 3x | as long as short |
| edgeX MSTRUSDC | −0.133% | +0.0698% | 4h | $61K | $4.1M | 10x | as long as short |
| tradeXYZ xyz:MSTR | −0.120% | +0.0185% | 1h | $56.7M | $29.9M | 10x | as long as short |
| Bitget MSTRUSDT | −0.120% | +0.0406% | 8h | $28.7M | $105.9M | 25x | as long as short |
Show all 31 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Gate MSTR_USDTshort | −0.114% | 0.0000% | 8h | $5.0M | $18.5M | 50x | |
| Lighter MSTR | −0.102% | +0.0152% | 1h | $3.6M | $2.9M | 10x | as long as short |
| Ondo Perps MSTR-USD.P | −0.084% | +0.0050% | 1h | $843K | $4.3M | 10x | as long as short |
| BloFin MSTR-USDT | −0.084% | +0.0543% | 8h | $1.1M | $1.4M | 20x | as long as short |
| Aster MSTRUSDT | −0.081% | +0.0448% | 8h | $1.6M | $4.9M | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | −0.078% | +0.0100% | 8h | $3K | $14K | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | −0.078% | +0.0714% | 1h | $282K | $450K | 10x | as long as short |
| SoDEX MSTR-USD | −0.066% | +0.0050% | 1h | $44K | $3K | 10x | as long as short |
| Pacifica MSTR | −0.060% | +0.0100% | 1h | $102K | $176K | 10x | as long as short |
| Polymarket Perps MSTR-USD | −0.060% | +0.0050% | 1h | $418K | $1.7M | 10x | as long as short |
| Paradex MSTR-USD-PERP | −0.057% | +0.0117% | 8h | $66 | — | 5x | as long as short |
| Variational Omni MSTR | −0.057% | +0.0342% | 8h | $1.3M | $2.1M | — | as long as short |
| Binance MSTRUSDT | −0.054% | +0.0417% | 8h | $86.2M | $476.0M | 50x | as long as short |
| KuCoin MSTRUSDTM | −0.054% | +0.0132% | 8h | $3.2M | $2.1M | 20x | as long as short |
| Aevo MSTR-PERP | −0.049% | +0.0104% | 1h | $138 | — | 10x | as long as short |
| QFEX MSTR-USD | −0.042% | +0.0057% | 1h | $1.3M | $8.9M | 10x | as long as short |
| Bybit MSTRUSDT | −0.024% | +0.0202% | 8h | $15.8M | $41.4M | 50x | as long as short |
| RISEx MSTR/USDC | −0.018% | +0.0566% | 1h | $193K | $391K | 10x | as long as short |
| Vest MSTR-USD-PERPlong | 0.000% | +0.0046% | 1h | — | $1.3M | 25x | |
| Arcus MSTR-USD | +0.006% | +0.0991% | 1h | $26K | $123K | 10x | as long as short |
| OKX MSTR-USDT-SWAP | +0.048% | +0.0364% | 8h | $21.8M | $96.7M | 50x | as long as short |