Spread before costs (cost unknown: a leg has no order-book sample)−0.217%
7d average+0.728%if it closes, per $10,000$22funding while held, a day−$14.57
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Vest MSTR-USD-PERP | 166.09 | 0.0046 | pay 0.0006% / 1h | 28m 58s | — | $1.3M | 25x |
| Short | Injective MSTR/USDC PERP | 165.73 | −0.0440 | pay 0.0055% / 1h | 28m 58s | $12K | $123K | 30x |
Vest MSTR-USD-PERP
Injective MSTR/USDC 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
- −$21.67
- Funding while held
- −$14.57
- Slippage, 4 orders
- no order book: not counted
- Fee Vest: 1 bp × 2 orders
- −$2
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$38.27
- Spread needed to break even
- 0.020%
Slippage unknown: Vest: no order-book sample; Injective: live order book, 21 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0486%
- Per $10,000 a day
- −$14.57
- 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 Injective live order book, 21 min ago | 20.53 bp | 20.5 bp −$21 | 23.0 bp −$230 | 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.Extended165.56cheapestPhemex165.64+0.051%Bitget165.73+0.106%
Extended
Phemex
BitgetInjective165.73+0.106%
tradeXYZ165.75+0.118%Binance165.77+0.129%OKX165.78+0.136%Gate165.78+0.136%KuCoin165.81+0.154%Bybit165.83+0.166%Deribit165.86+0.184%Orderly165.88+0.196%SoDEX165.88+0.196%Aevo165.89+0.204%Ondo Perps165.91+0.214%Aster165.92+0.218%Lighter165.93+0.227%Coinbase International165.93+0.227%BloFin165.95+0.239%ApeX Omni165.96+0.245%Pacifica166.02+0.278%edgeX166.02+0.280%Nado166.03+0.286%QFEX166.03+0.287%Polymarket Perps166.03+0.287%Paradex166.06+0.308%
tradeXYZ
Binance
OKX
Gate
KuCoin
Bybit
Deribit
Orderly
SoDEX
Aevo
Ondo Perps
Aster
Lighter
Coinbase International
BloFin
ApeX Omni
Pacifica
Nado
QFEX
Polymarket Perps
ParadexVest166.09+0.323%
Arcus166.14+0.353%RISEx166.15+0.356%Variational Omni166.15+0.357%Phoenix166.38+0.497%
Arcus
RISEx
Variational Omni
PhoenixMSTR on 31 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Extended MSTR_24_5-USD | −0.322% | +0.0032% | 1h | $498K | $2.2M | 10x | as long as short |
| Phemex MSTRUSDT | −0.271% | 0.0000% | 4h | $2.8M | $30K | 10x | as long as short |
| Bitget MSTRUSDT | −0.217% | +0.0404% | 8h | $28.7M | $106.0M | 25x | as long as short |
| Injective MSTR/USDC PERPshort | −0.217% | −0.0440% | 1h | $12K | $123K | 30x | |
| tradeXYZ xyz:MSTR | −0.205% | +0.0190% | 1h | $56.6M | $29.9M | 10x | as long as short |
| Binance MSTRUSDT | −0.193% | +0.0417% | 8h | $86.0M | $477.0M | 50x | as long as short |
| OKX MSTR-USDT-SWAP | −0.187% | +0.0363% | 8h | $21.8M | $96.5M | 50x | as long as short |
| Gate MSTR_USDT | −0.187% | 0.0000% | 8h | $5.0M | $18.5M | 50x | as long as short |
| KuCoin MSTRUSDTM | −0.169% | +0.0133% | 8h | $3.2M | $2.1M | 20x | as long as short |
| Bybit MSTRUSDT | −0.157% | +0.0201% | 8h | $15.8M | $41.5M | 50x | as long as short |