Spread before costs (cost unknown: a leg has no order-book sample)+0.060%
7d average+0.910%if it closes, per $10,000$6funding while held, a day+$0.14
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Vest MSTR-USD-PERP | 165.93 | 0.0046 | pay 0.0006% / 1h | 35m 54s | — | $1.7M | 25x |
| Short | Ondo Perps MSTR-USD.P | 166.03 | 0.0050 | get 0.0006% / 1h | 35m 54s | $884K | $4.4M | 10x |
Vest MSTR-USD-PERP
Ondo Perps MSTR-USD.PPrice 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
- $6.03
- Funding while held
- $0.14
- Slippage, 4 orders
- no order book: not counted
- Fee Vest: 1 bp × 2 orders
- −$2
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Net
- −$0.83
- Spread needed to break even
- 0.070%
Slippage unknown: Vest: no order-book sample; Ondo Perps: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0005%
- Per $10,000 a day
- +$0.14
- 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 Ondo Perps no order-book sample | — | — | — | — | — |
Vest and Ondo Perps: 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.Nado165.93cheapest
NadoVest165.93+0.003%
Extended165.95+0.018%Lighter165.99+0.039%tradeXYZ166.00+0.045%Polymarket Perps166.00+0.045%SoDEX166.02+0.057%
Extended
Lighter
tradeXYZ
Polymarket Perps
SoDEXOndo Perps166.03+0.063%
Orderly166.04+0.069%Aster166.05+0.076%KuCoin166.06+0.081%Phoenix166.06+0.082%Phemex166.07+0.087%Variational Omni166.08+0.095%Bitget166.09+0.099%edgeX166.11+0.109%Aevo166.11+0.109%OKX166.11+0.111%Deribit166.11+0.111%Pacifica166.12+0.116%ApeX Omni166.12+0.117%Coinbase International166.13+0.123%Bybit166.14+0.129%RISEx166.14+0.130%Injective166.15+0.135%Binance166.16+0.140%QFEX166.16+0.141%Paradex166.16+0.144%Gate166.17+0.147%Arcus166.19+0.160%BloFin166.23+0.184%
Orderly
Aster
KuCoin
Phoenix
Phemex
Variational Omni
Bitget
Aevo
OKX
Deribit
Pacifica
ApeX Omni
Coinbase International
Bybit
RISEx
Injective
Binance
QFEX
Paradex
Gate
Arcus
BloFinMSTR on 31 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Nado MSTR-PERP | −0.003% | +0.0137% | 1h | $125K | $257K | 3x | as long as short |
| Vest MSTR-USD-PERPlong | 0.000% | +0.0046% | 1h | — | $1.7M | 25x | |
| Extended MSTR_24_5-USD | +0.015% | +0.0032% | 1h | $499K | $2.2M | 10x | as long as short |
| Lighter MSTR | +0.036% | +0.0056% | 1h | $3.6M | $2.8M | 10x | as long as short |
| tradeXYZ xyz:MSTR | +0.042% | +0.0153% | 1h | $57.1M | $31.5M | 10x | as long as short |
| Polymarket Perps MSTR-USD | +0.042% | +0.0050% | 1h | $409K | $2.3M | 10x | as long as short |
| SoDEX MSTR-USD | +0.054% | +0.0050% | 1h | $44K | $3K | 10x | as long as short |
| Ondo Perps MSTR-USD.Pshort | +0.060% | +0.0050% | 1h | $884K | $4.4M | 10x | |
| Orderly PERP_MSTR_USDC_mythos | +0.066% | +0.0100% | 8h | $3K | $12K | 10x | as long as short |
| Aster MSTRUSDT | +0.073% | +0.0294% | 8h | $1.3M | $6.0M | 50x | as long as short |
Show all 31 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| KuCoin MSTRUSDTM | +0.078% | +0.0100% | 8h | $2.5M | $2.6M | 20x | as long as short |
| Phoenix MSTR | +0.080% | +0.0226% | 1h | $56K | $380K | 10x | as long as short |
| Phemex MSTRUSDT | +0.084% | 0.0000% | 4h | $2.8M | $39K | 10x | as long as short |
| Variational Omni MSTR | +0.092% | +0.0254% | 8h | $1.2M | $2.2M | — | as long as short |
| Bitget MSTRUSDT | +0.096% | +0.0323% | 8h | $28.9M | $110.8M | 25x | as long as short |
| edgeX MSTRUSDC | +0.106% | +0.0205% | 4h | $45K | $4.9M | 10x | as long as short |
| Aevo MSTR-PERP | +0.107% | +0.0104% | 1h | $138 | — | 10x | as long as short |
| OKX MSTR-USDT-SWAP | +0.108% | +0.0263% | 8h | $22.2M | $100.8M | 50x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.108% | +0.0654% | 1h | $282K | $454K | 10x | as long as short |
| Pacifica MSTR | +0.113% | +0.0100% | 1h | $102K | $152K | 10x | as long as short |
| ApeX Omni MSTRUSDT | +0.115% | +0.0100% | 1h | $130K | $1.8M | 50x | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.121% | +0.0112% | 1h | $1.5M | $1.2M | 10x | as long as short |
| Bybit MSTRUSDT | +0.127% | +0.0393% | 8h | $15.4M | $41.8M | 50x | as long as short |
| RISEx MSTR/USDC | +0.127% | +0.0277% | 1h | $293K | $478K | 10x | as long as short |
| Injective MSTR/USDC PERP | +0.133% | +0.0312% | 1h | $12K | $93K | 30x | as long as short |
| Binance MSTRUSDT | +0.138% | +0.0301% | 8h | $89.7M | $555.6M | 50x | as long as short |
| QFEX MSTR-USD | +0.139% | +0.0041% | 1h | $1.3M | $9.3M | 10x | as long as short |
| Paradex MSTR-USD-PERP | +0.141% | +0.0109% | 8h | $66 | — | 5x | as long as short |
| Gate MSTR_USDT | +0.145% | 0.0000% | 8h | $4.8M | $18.8M | 50x | as long as short |
| Arcus MSTR-USD | +0.157% | +0.0612% | 1h | $26K | $126K | 10x | as long as short |
| BloFin MSTR-USDT | +0.181% | +0.0423% | 8h | $1.1M | $1.4M | 20x | as long as short |