Spread before costs (cost unknown: a leg has no order-book sample)+0.030%
7d average+0.034%if it closes, per $10,000$3funding while held, a day+$6.85
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | edgeX MSTRUSDC | 167.53 | 0.0089 | pay 0.0044% / 4h | 43m 05s | $62K | $4.6M | 10x |
| Short | Variational Omni MSTR | 167.58 | 0.0317 | get 0.0317% / 8h | 43m 05s | $1.3M | $2.2M | — |
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
- $2.96
- Funding while held
- $6.85
- Slippage, 4 orders
- no order book: not counted
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- $0.81
- Spread needed to break even
- 0.090%
Slippage unknown: edgeX: live order book, 2 min ago; Variational Omni: RFQ quote, 2 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0228%
- Per $10,000 a day
- +$6.85
- 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 edgeX live order book, 2 min ago | 5.37 bp | 11.0 bp −$11 | 17.7 bp −$177 | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 2 min ago | 2.95 bp | doesn't fit | 6.6 bp −$66 | doesn't fit | doesn't fit |
MSTR price on every exchange
against the cheapest. Click to use as the short leg.Nado166.83cheapestLighter166.85+0.011%Binance166.85+0.011%Coinbase International166.86+0.017%Extended166.88+0.029%Phemex166.89+0.035%tradeXYZ166.90+0.041%Bitget166.90+0.041%Aster166.94+0.064%Injective166.94+0.064%KuCoin166.95+0.070%SoDEX166.95+0.070%OKX166.96+0.076%BloFin166.96+0.076%Gate166.97+0.082%Bybit166.98+0.088%Orderly166.98+0.088%Polymarket Perps166.99+0.094%Deribit167.01+0.106%Ondo Perps167.09+0.154%Aevo167.12+0.170%Vest167.13+0.178%Pacifica167.14+0.186%Paradex167.15+0.192%QFEX167.16+0.196%RISEx167.21+0.226%Phoenix167.23+0.240%Arcus167.25+0.250%ApeX Omni167.44+0.364%
Nado
Lighter
Binance
Coinbase International
Extended
Phemex
tradeXYZ
Bitget
Aster
Injective
KuCoin
SoDEX
OKX
BloFin
Gate
Bybit
Orderly
Polymarket Perps
Deribit
Ondo Perps
Aevo
Vest
Pacifica
Paradex
QFEX
RISEx
Phoenix
Arcus
ApeX OmniVariational Omni167.58+0.446%
MSTR on 31 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Nado MSTR-PERP | −0.414% | +0.0079% | 1h | $128K | $263K | 3x | as long as short |
| Lighter MSTR | −0.404% | +0.0152% | 1h | $3.6M | $2.9M | 10x | as long as short |
| Binance MSTRUSDT | −0.404% | +0.0382% | 8h | $89.2M | $530.0M | 50x | as long as short |
| Coinbase International MSTR-PERP-INTX | −0.398% | +0.0112% | 1h | $1.5M | $1.2M | 10x | as long as short |
| Extended MSTR_24_5-USD | −0.385% | +0.0072% | 1h | $510K | $2.3M | 10x | as long as short |
| Phemex MSTRUSDT | −0.380% | 0.0000% | 4h | $2.8M | $36K | 10x | as long as short |
| tradeXYZ xyz:MSTR | −0.374% | +0.0249% | 1h | $57.1M | $31.7M | 10x | as long as short |
| Bitget MSTRUSDT | −0.374% | +0.0377% | 8h | $29.2M | $110.0M | 25x | as long as short |
| Aster MSTRUSDT | −0.350% | +0.0400% | 8h | $1.3M | $5.9M | 50x | as long as short |
| Injective MSTR/USDC PERP | −0.350% | +0.0033% | 1h | $12K | $97K | 30x | as long as short |
Show all 31 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| KuCoin MSTRUSDTM | −0.344% | +0.0174% | 8h | $2.6M | $2.6M | 20x | as long as short |
| SoDEX MSTR-USD | −0.344% | +0.0050% | 1h | $44K | $3K | 10x | as long as short |
| OKX MSTR-USDT-SWAP | −0.338% | +0.0326% | 8h | $22.2M | $100.5M | 50x | as long as short |
| BloFin MSTR-USDT | −0.338% | +0.0502% | 8h | $1.1M | $1.4M | 20x | as long as short |
| Gate MSTR_USDT | −0.332% | 0.0000% | 8h | $4.9M | $18.6M | 50x | as long as short |
| Bybit MSTRUSDT | −0.326% | +0.0232% | 8h | $15.7M | $42.8M | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | −0.326% | +0.0100% | 8h | $3K | $14K | 10x | as long as short |
| Polymarket Perps MSTR-USD | −0.320% | +0.0085% | 1h | $405K | $2.1M | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | −0.308% | +0.0589% | 1h | $284K | $456K | 10x | as long as short |
| Ondo Perps MSTR-USD.P | −0.260% | +0.0050% | 1h | $917K | $4.6M | 10x | as long as short |
| Aevo MSTR-PERP | −0.245% | +0.0104% | 1h | $139 | — | 10x | as long as short |
| Vest MSTR-USD-PERP | −0.237% | +0.0046% | 1h | — | $1.6M | 25x | as long as short |
| Pacifica MSTR | −0.229% | +0.0100% | 1h | $102K | $167K | 10x | as long as short |
| Paradex MSTR-USD-PERP | −0.223% | +0.0131% | 8h | $67 | — | 5x | as long as short |
| QFEX MSTR-USD | −0.219% | +0.0057% | 1h | $1.3M | $9.1M | 10x | as long as short |
| RISEx MSTR/USDC | −0.189% | +0.0486% | 1h | $305K | $458K | 10x | as long as short |
| Phoenix MSTR | −0.176% | +0.0216% | 1h | $54K | $364K | 10x | as long as short |
| Arcus MSTR-USD | −0.165% | +0.0705% | 1h | $26K | $123K | 10x | as long as short |
| ApeX Omni MSTRUSDT | −0.051% | +0.0100% | 1h | $133K | $2.2M | 50x | as long as short |
| edgeX MSTRUSDClong | 0.000% | +0.0089% | 4h | $62K | $4.6M | 10x | |
| Variational Omni MSTRshort | +0.030% | +0.0317% | 8h | $1.3M | $2.2M | — |