Spread before costs (cost unknown: a leg has no order-book sample)+0.090%
7d average—if it closes, per $10,000$9funding while held, a day+$0.13
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Vest MSTR-USD-PERP | 166.06 | 0.0046 | pay 0.0006% / 1h | 24m 57s | — | $1.6M | 25x |
| Short | SoDEX MSTR-USD | 166.21 | 0.0050 | get 0.0006% / 1h | 24m 57s | $44K | $3K | 10x |
Vest MSTR-USD-PERP
SoDEX MSTR-USDPrice 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
- $9.03
- Funding while held
- $0.13
- Slippage, 4 orders
- no order book: not counted
- Fee Vest: 1 bp × 2 orders
- −$2
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Net
- −$0.84
- Spread needed to break even
- 0.100%
Slippage unknown: Vest: no order-book sample; SoDEX: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0004%
- Per $10,000 a day
- +$0.13
- 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 SoDEX no order-book sample | — | — | — | — | — |
Vest and SoDEX: 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.ApeX Omni165.65cheapestPhoenix165.75+0.060%Ondo Perps165.76+0.066%Variational Omni165.81+0.097%Phemex165.99+0.205%Nado166.06+0.245%
ApeX Omni
Phoenix
Ondo Perps
Variational Omni
Phemex
NadoVest166.06+0.248%
Coinbase International166.13+0.290%Orderly166.19+0.326%Polymarket Perps166.20+0.332%
Coinbase International
Orderly
Polymarket PerpsSoDEX166.21+0.338%
Deribit166.25+0.362%Arcus166.28+0.380%edgeX166.28+0.381%Extended166.30+0.392%QFEX166.30+0.392%Paradex166.34+0.416%Lighter166.34+0.417%Aevo166.34+0.418%Pacifica166.34+0.419%Aster166.35+0.421%Injective166.35+0.423%tradeXYZ166.36+0.429%KuCoin166.37+0.435%BloFin166.39+0.447%RISEx166.40+0.453%Gate166.40+0.453%Binance166.41+0.456%OKX166.42+0.465%Bitget166.43+0.471%Bybit166.49+0.507%
Deribit
Arcus
Extended
QFEX
Paradex
Lighter
Aevo
Pacifica
Aster
Injective
tradeXYZ
KuCoin
BloFin
RISEx
Gate
Binance
OKX
Bitget
BybitMSTR on 31 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| ApeX Omni MSTRUSDT | −0.247% | +0.0100% | 1h | $132K | $1.9M | 50x | as long as short |
| Phoenix MSTR | −0.187% | +0.0216% | 1h | $54K | $364K | 10x | as long as short |
| Ondo Perps MSTR-USD.P | −0.181% | +0.0050% | 1h | $895K | $4.5M | 10x | as long as short |
| Variational Omni MSTR | −0.150% | +0.0295% | 8h | $1.3M | $2.2M | — | as long as short |
| Phemex MSTRUSDT | −0.042% | 0.0000% | 4h | $2.8M | $36K | 10x | as long as short |
| Nado MSTR-PERP | −0.003% | +0.0043% | 1h | $128K | $257K | 3x | as long as short |
| Vest MSTR-USD-PERPlong | 0.000% | +0.0046% | 1h | — | $1.6M | 25x | |
| Coinbase International MSTR-PERP-INTX | +0.042% | +0.0112% | 1h | $1.5M | $1.2M | 10x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.078% | +0.0100% | 8h | $3K | $12K | 10x | as long as short |
| Polymarket Perps MSTR-USD | +0.084% | +0.0050% | 1h | $407K | $2.1M | 10x | as long as short |
Show all 31 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| SoDEX MSTR-USDshort | +0.090% | +0.0050% | 1h | $44K | $3K | 10x | |
| Deribit MSTR_USDC-PERPETUAL | +0.114% | +0.0653% | 1h | $283K | $461K | 10x | as long as short |
| Arcus MSTR-USD | +0.132% | +0.0705% | 1h | $26K | $126K | 10x | as long as short |
| edgeX MSTRUSDC | +0.133% | +0.0756% | 4h | $63K | $4.7M | 10x | as long as short |
| Extended MSTR_24_5-USD | +0.145% | +0.0048% | 1h | $505K | $2.2M | 10x | as long as short |
| QFEX MSTR-USD | +0.145% | +0.0057% | 1h | $1.3M | $9.2M | 10x | as long as short |
| Paradex MSTR-USD-PERP | +0.168% | +0.0119% | 8h | $67 | — | 5x | as long as short |
| Lighter MSTR | +0.169% | +0.0104% | 1h | $3.6M | $2.9M | 10x | as long as short |
| Aevo MSTR-PERP | +0.170% | +0.0104% | 1h | $138 | — | 10x | as long as short |
| Pacifica MSTR | +0.171% | +0.0100% | 1h | $102K | $153K | 10x | as long as short |
| Aster MSTRUSDT | +0.173% | +0.0361% | 8h | $1.3M | $5.9M | 50x | as long as short |
| Injective MSTR/USDC PERP | +0.175% | +0.0033% | 1h | $12K | $97K | 30x | as long as short |
| tradeXYZ xyz:MSTR | +0.181% | +0.0207% | 1h | $57.0M | $31.7M | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.187% | +0.0146% | 8h | $2.6M | $2.6M | 20x | as long as short |
| BloFin MSTR-USDT | +0.199% | +0.0477% | 8h | $1.1M | $1.4M | 20x | as long as short |
| RISEx MSTR/USDC | +0.205% | +0.0486% | 1h | $304K | $463K | 10x | as long as short |
| Gate MSTR_USDT | +0.205% | 0.0000% | 8h | $4.9M | $18.9M | 50x | as long as short |
| Binance MSTRUSDT | +0.208% | +0.0357% | 8h | $88.5M | $538.2M | 50x | as long as short |
| OKX MSTR-USDT-SWAP | +0.217% | +0.0297% | 8h | $22.1M | $101.2M | 50x | as long as short |
| Bitget MSTRUSDT | +0.223% | +0.0357% | 8h | $28.9M | $110.7M | 25x | as long as short |
| Bybit MSTRUSDT | +0.259% | +0.0244% | 8h | $15.5M | $43.7M | 50x | as long as short |