Spread before costs (cost unknown: a leg has no order-book sample)+0.308%
7d average+0.030%if it closes, per $10,000$31funding while held, a day−$1.29
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aster MSTRUSDT | 165.76 | 0.0277 | pay 0.0277% / 8h | 7h 20m | $1.3M | $6.0M | 50x |
| Short | Variational Omni MSTR | 166.27 | 0.0234 | get 0.0234% / 8h | 7h 20m | $1.3M | $2.2M | — |
Aster 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
- $30.82
- Funding while held
- −$1.29
- Slippage, 4 orders
- no order book: not counted
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- $21.53
- Spread needed to break even
- 0.080%
Slippage unknown: Aster: live order book, 5 min ago; Variational Omni: RFQ quote, 5 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0043%
- Per $10,000 a day
- −$1.29
- 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 Aster live order book, 5 min ago | 1.81 bp | 16.7 bp −$17 | 43.4 bp −$434 | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 5 min ago | 2.98 bp | doesn't fit | 7.6 bp −$76 | doesn't fit | doesn't fit |
MSTR price on every exchange
against the cheapest. Click to use as the short leg.Extended165.59cheapestNado165.60+0.006%Bitget165.64+0.031%tradeXYZ165.65+0.037%Pacifica165.65+0.039%Polymarket Perps165.66+0.043%Paradex165.66+0.044%Lighter165.67+0.049%OKX165.67+0.049%Gate165.68+0.055%KuCoin165.68+0.055%Binance165.70+0.068%Bybit165.70+0.068%Vest165.70+0.068%RISEx165.71+0.074%QFEX165.73+0.086%SoDEX165.75+0.098%
Extended
Nado
Bitget
tradeXYZ
Pacifica
Polymarket Perps
Paradex
Lighter
OKX
Gate
KuCoin
Binance
Bybit
Vest
RISEx
QFEX
SoDEXAster165.76+0.104%
Arcus165.77+0.110%Phemex165.77+0.110%BloFin165.79+0.122%Deribit165.80+0.128%Orderly165.85+0.158%Aevo165.86+0.161%Coinbase International165.97+0.231%ApeX Omni166.03+0.267%Ondo Perps166.09+0.303%Phoenix166.12+0.322%Injective166.15+0.339%edgeX166.24+0.392%
Arcus
Phemex
BloFin
Deribit
Orderly
Aevo
Coinbase International
ApeX Omni
Ondo Perps
Phoenix
InjectiveVariational Omni166.27+0.412%
MSTR 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 | −0.104% | +0.0032% | 1h | $493K | $2.1M | 10x | as long as short |
| Nado MSTR-PERP | −0.098% | +0.0120% | 1h | $125K | $254K | 3x | as long as short |
| Bitget MSTRUSDT | −0.072% | +0.0318% | 8h | $28.8M | $110.8M | 25x | as long as short |
| tradeXYZ xyz:MSTR | −0.066% | +0.0157% | 1h | $56.5M | $31.8M | 10x | as long as short |
| Pacifica MSTR | −0.065% | +0.0100% | 1h | $101K | $152K | 10x | as long as short |
| Polymarket Perps MSTR-USD | −0.060% | +0.0050% | 1h | $402K | $2.3M | 10x | as long as short |
| Paradex MSTR-USD-PERP | −0.060% | +0.0101% | 8h | $66 | — | 5x | as long as short |
| Lighter MSTR | −0.054% | +0.0032% | 1h | $3.5M | $2.8M | 10x | as long as short |
| OKX MSTR-USDT-SWAP | −0.054% | +0.0245% | 8h | $22.3M | $100.6M | 50x | as long as short |
| Gate MSTR_USDT | −0.048% | 0.0000% | 8h | $4.9M | $19.0M | 50x | as long as short |
Show all 31 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| KuCoin MSTRUSDTM | −0.048% | +0.0100% | 8h | $2.5M | $2.6M | 20x | as long as short |
| Binance MSTRUSDT | −0.036% | +0.0286% | 8h | $89.7M | $557.6M | 50x | as long as short |
| Bybit MSTRUSDT | −0.036% | +0.0396% | 8h | $15.4M | $41.5M | 50x | as long as short |
| Vest MSTR-USD-PERP | −0.036% | +0.0046% | 1h | — | $1.8M | 25x | as long as short |
| RISEx MSTR/USDC | −0.030% | +0.0277% | 1h | $297K | $465K | 10x | as long as short |
| QFEX MSTR-USD | −0.018% | +0.0041% | 1h | $1.3M | $9.4M | 10x | as long as short |
| SoDEX MSTR-USD | −0.006% | +0.0050% | 1h | $44K | $3K | 10x | as long as short |
| Aster MSTRUSDTlong | 0.000% | +0.0277% | 8h | $1.3M | $6.0M | 50x | |
| Arcus MSTR-USD | +0.006% | +0.0612% | 1h | $26K | $128K | 10x | as long as short |
| Phemex MSTRUSDT | +0.006% | 0.0000% | 4h | $2.8M | $40K | 10x | as long as short |
| BloFin MSTR-USDT | +0.018% | +0.0408% | 8h | $1.1M | $1.4M | 20x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.024% | +0.0414% | 1h | $282K | $455K | 10x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.054% | +0.0100% | 8h | $3K | $12K | 10x | as long as short |
| Aevo MSTR-PERP | +0.057% | +0.0104% | 1h | $138 | — | 10x | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.127% | +0.0112% | 1h | $1.5M | $1.1M | 10x | as long as short |
| ApeX Omni MSTRUSDT | +0.163% | +0.0100% | 1h | $130K | $1.8M | 50x | as long as short |
| Ondo Perps MSTR-USD.P | +0.199% | +0.0050% | 1h | $884K | $4.4M | 10x | as long as short |
| Phoenix MSTR | +0.218% | +0.0226% | 1h | $56K | $380K | 10x | as long as short |
| Injective MSTR/USDC PERP | +0.235% | +0.0312% | 1h | $12K | $93K | 30x | as long as short |
| edgeX MSTRUSDC | +0.288% | +0.0169% | 4h | $45K | $4.9M | 10x | as long as short |
| Variational Omni MSTRshort | +0.308% | +0.0234% | 8h | $1.3M | $2.2M | — |