Spread before costs (cost unknown: a leg has no order-book sample)+0.030%
7d average+0.972%if it closes, per $10,000$3funding while held, a day+$0.31
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Vest MSTR-USD-PERP | 165.98 | 0.0046 | pay 0.0006% / 1h | 37m 25s | — | $1.7M | 25x |
| Short | Lighter MSTR | 166.03 | 0.0056 | get 0.0007% / 1h | 37m 25s | $3.6M | $2.8M | 10x |
Vest MSTR-USD-PERP
Lighter MSTRPrice 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
- $3.01
- Funding while held
- $0.31
- Slippage, 4 orders
- no order book: not counted
- Fee Vest: 1 bp × 2 orders
- −$2
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $1.32
- Spread needed to break even
- 0.020%
Slippage unknown: Vest: no order-book sample; Lighter: live order book, 6 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0010%
- Per $10,000 a day
- +$0.31
- 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 Lighter live order book, 6 min ago | 1.20 bp | 3.0 bp −$3 | 5.5 bp −$55 | 30.0 bp −$3,003 | 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.Ondo Perps165.80cheapestExtended165.94+0.087%Nado165.95+0.091%
Ondo Perps
Extended
NadoVest165.98+0.109%
Lighter166.03+0.139%
SoDEX166.03+0.139%Pacifica166.03+0.141%Paradex166.05+0.148%Phoenix166.06+0.158%Phemex166.07+0.163%Aster166.07+0.163%Orderly166.08+0.169%Variational Omni166.08+0.170%Bitget166.10+0.181%edgeX166.11+0.185%tradeXYZ166.11+0.187%ApeX Omni166.12+0.193%Polymarket Perps166.12+0.193%Arcus166.13+0.199%KuCoin166.13+0.199%Deribit166.13+0.199%Coinbase International166.13+0.199%Aevo166.13+0.200%QFEX166.14+0.205%RISEx166.14+0.205%Gate166.15+0.211%Injective166.15+0.211%BloFin166.15+0.211%OKX166.16+0.217%Binance166.19+0.237%Bybit166.20+0.241%
SoDEX
Pacifica
Paradex
Phoenix
Phemex
Aster
Orderly
Variational Omni
Bitget
tradeXYZ
ApeX Omni
Polymarket Perps
Arcus
KuCoin
Deribit
Coinbase International
Aevo
QFEX
RISEx
Gate
Injective
BloFin
OKX
Binance
BybitMSTR on 31 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Ondo Perps MSTR-USD.P | −0.108% | +0.0050% | 1h | $884K | $4.4M | 10x | as long as short |
| Extended MSTR_24_5-USD | −0.021% | +0.0032% | 1h | $499K | $2.2M | 10x | as long as short |
| Nado MSTR-PERP | −0.017% | +0.0136% | 1h | $125K | $257K | 3x | as long as short |
| Vest MSTR-USD-PERPlong | 0.000% | +0.0046% | 1h | — | $1.7M | 25x | |
| Lighter MSTRshort | +0.030% | +0.0056% | 1h | $3.6M | $2.8M | 10x | |
| SoDEX MSTR-USD | +0.030% | +0.0050% | 1h | $44K | $3K | 10x | as long as short |
| Pacifica MSTR | +0.032% | +0.0100% | 1h | $101K | $152K | 10x | as long as short |
| Paradex MSTR-USD-PERP | +0.039% | +0.0109% | 8h | $66 | — | 5x | as long as short |
| Phoenix MSTR | +0.049% | +0.0226% | 1h | $56K | $380K | 10x | as long as short |
| Phemex MSTRUSDT | +0.054% | 0.0000% | 4h | $2.8M | $39K | 10x | as long as short |