Spread before costs (cost unknown: a leg has no order-book sample)+0.186%
7d average+0.012%if it closes, per $10,000$19funding while held, a day+$4.23
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | ApeX Omni MSTRUSDT | 166.20 | 0.0100 | pay 0.0013% / 1h | 48m 05s | $130K | $1.9M | 50x |
| Short | Variational Omni MSTR | 166.51 | 0.0241 | get 0.0241% / 8h | 7h 48m | $1.3M | $2.2M | — |
ApeX Omni MSTRUSDT
Variational Omni 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
- $18.6
- Funding while held
- $4.23
- Slippage, 4 orders
- no order book: not counted
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- $12.83
- Spread needed to break even
- 0.100%
Slippage unknown: ApeX Omni: live order book, 2 min ago; Variational Omni: RFQ quote, 2 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0141%
- Per $10,000 a day
- +$4.23
- 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 ApeX Omni live order book, 2 min ago | 7.52 bp | 56.7 bp −$57 | doesn't fit | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 2 min ago | 2.95 bp | doesn't fit | 7.2 bp −$72 | doesn't fit | doesn't fit |
MSTR price on every exchange
against the cheapest. Click to use as the short leg.ApeX Omni166.20cheapest
Coinbase International166.32+0.072%Extended166.40+0.120%Aster166.41+0.124%Nado166.41+0.128%Ondo Perps166.43+0.138%edgeX166.46+0.155%Binance166.46+0.156%Vest166.46+0.156%tradeXYZ166.47+0.162%KuCoin166.47+0.162%Phoenix166.49+0.171%Bybit166.49+0.174%
Coinbase International
Extended
Aster
Nado
Ondo Perps
Binance
Vest
tradeXYZ
KuCoin
Phoenix
BybitVariational Omni166.51+0.186%
Gate166.51+0.187%Phemex166.52+0.193%Lighter166.54+0.205%SoDEX166.54+0.205%Polymarket Perps166.56+0.217%Injective166.56+0.217%Paradex166.56+0.219%OKX166.57+0.223%Pacifica166.57+0.225%Orderly166.59+0.235%Aevo166.60+0.239%Deribit166.60+0.241%Bitget166.61+0.247%BloFin166.61+0.247%RISEx166.62+0.250%Arcus166.65+0.271%QFEX166.66+0.277%
Gate
Phemex
Lighter
SoDEX
Polymarket Perps
Injective
Paradex
OKX
Pacifica
Orderly
Aevo
Deribit
Bitget
BloFin
RISEx
Arcus
QFEXMSTR on 31 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| ApeX Omni MSTRUSDTlong | 0.000% | +0.0100% | 1h | $130K | $1.9M | 50x | |
| Coinbase International MSTR-PERP-INTX | +0.072% | +0.0112% | 1h | $1.5M | $1.2M | 10x | as long as short |
| Extended MSTR_24_5-USD | +0.120% | +0.0032% | 1h | $499K | $2.2M | 10x | as long as short |
| Aster MSTRUSDT | +0.124% | +0.0305% | 8h | $1.3M | $6.0M | 50x | as long as short |
| Nado MSTR-PERP | +0.128% | +0.0152% | 1h | $125K | $257K | 3x | as long as short |
| Ondo Perps MSTR-USD.P | +0.138% | +0.0050% | 1h | $894K | $4.5M | 10x | as long as short |
| edgeX MSTRUSDC | +0.155% | +0.0545% | 4h | $45K | $4.9M | 10x | as long as short |
| Binance MSTRUSDT | +0.156% | +0.0311% | 8h | $89.7M | $555.5M | 50x | as long as short |
| Vest MSTR-USD-PERP | +0.156% | +0.0046% | 1h | — | $1.7M | 25x | as long as short |
| tradeXYZ xyz:MSTR | +0.162% | +0.0182% | 1h | $56.9M | $31.3M | 10x | as long as short |
Show all 31 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| KuCoin MSTRUSDTM | +0.162% | +0.0100% | 8h | $2.6M | $2.6M | 20x | as long as short |
| Phoenix MSTR | +0.171% | +0.0226% | 1h | $54K | $380K | 10x | as long as short |
| Bybit MSTRUSDT | +0.174% | +0.0484% | 8h | $15.5M | $43.2M | 50x | as long as short |
| Variational Omni MSTRshort | +0.186% | +0.0241% | 8h | $1.3M | $2.2M | — | |
| Gate MSTR_USDT | +0.187% | 0.0000% | 8h | $4.8M | $18.6M | 50x | as long as short |
| Phemex MSTRUSDT | +0.193% | 0.0000% | 4h | $2.8M | $38K | 10x | as long as short |
| Lighter MSTR | +0.205% | +0.0080% | 1h | $3.6M | $2.8M | 10x | as long as short |
| SoDEX MSTR-USD | +0.205% | +0.0050% | 1h | $44K | $3K | 10x | as long as short |
| Polymarket Perps MSTR-USD | +0.217% | +0.0050% | 1h | $411K | $2.3M | 10x | as long as short |
| Injective MSTR/USDC PERP | +0.217% | +0.0312% | 1h | $12K | $93K | 30x | as long as short |
| Paradex MSTR-USD-PERP | +0.219% | +0.0111% | 8h | $67 | — | 5x | as long as short |
| OKX MSTR-USDT-SWAP | +0.223% | +0.0271% | 8h | $22.3M | $101.4M | 50x | as long as short |
| Pacifica MSTR | +0.225% | +0.0100% | 1h | $102K | $153K | 10x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.235% | +0.0100% | 8h | $3K | $12K | 10x | as long as short |
| Aevo MSTR-PERP | +0.239% | +0.0104% | 1h | $138 | — | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.241% | +0.0892% | 1h | $283K | $453K | 10x | as long as short |
| Bitget MSTRUSDT | +0.247% | +0.0321% | 8h | $29.0M | $110.9M | 25x | as long as short |
| BloFin MSTR-USDT | +0.247% | +0.0430% | 8h | $1.1M | $1.4M | 20x | as long as short |
| RISEx MSTR/USDC | +0.250% | +0.0277% | 1h | $293K | $477K | 10x | as long as short |
| Arcus MSTR-USD | +0.271% | +0.0612% | 1h | $26K | $126K | 10x | as long as short |
| QFEX MSTR-USD | +0.277% | +0.0041% | 1h | $1.3M | $9.2M | 10x | as long as short |