After costs, if the gap returns to its 7d average, $10k−$31
spread now+0.309%7d average−0.003%fees + slippage, in and out−$63spread needed0.627%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate MSTR_USDT | 165.90 | 0 | get 0.0000% / 8h | 7h 46m | $4.8M | $18.7M | 50x |
| Short | Nado MSTR-PERP | 166.41 | 0.0152 | get 0.0019% / 1h | 46m 39s | $125K | $257K | 3x |
Gate MSTR_USDT
Nado MSTR-PERPPrice 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
- $30.87
- Funding while held
- $4.57
- Slippage, 4 orders
- −$40.66
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- −$27.23
- Spread needed to break even
- 0.627%
Slippage from Gate: live order book, 4 min ago; Nado: live order book, 62 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0152%
- Per $10,000 a day
- +$4.57
- 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 Gate live order book, 4 min ago | 2.10 bp | 12.5 bp −$12 | 45.0 bp −$450 | doesn't fit | doesn't fit |
| Sell Nado live order book, 62 min ago | 5.97 bp | 24.8 bp −$25 | 65.7 bp −$657 | doesn't fit | doesn't fit |
MSTR price on every exchange
against the cheapest. Click to use as the short leg.Ondo Perps165.70cheapestExtended165.74+0.025%Lighter165.87+0.103%tradeXYZ165.88+0.109%Bitget165.88+0.109%Paradex165.88+0.110%Pacifica165.88+0.110%OKX165.89+0.115%
Ondo Perps
Extended
Lighter
tradeXYZ
Bitget
Paradex
Pacifica
OKXGate165.90+0.121%
QFEX165.92+0.133%RISEx165.92+0.133%Binance165.94+0.145%KuCoin165.95+0.151%Bybit165.96+0.157%Aster166.15+0.272%Vest166.30+0.362%Polymarket Perps166.30+0.362%SoDEX166.32+0.374%Coinbase International166.32+0.374%Phemex166.35+0.392%BloFin166.35+0.392%Deribit166.36+0.398%ApeX Omni166.37+0.404%Aevo166.40+0.421%Orderly166.40+0.422%
QFEX
RISEx
Binance
KuCoin
Bybit
Aster
Vest
Polymarket Perps
SoDEX
Coinbase International
Phemex
BloFin
Deribit
ApeX Omni
Aevo
OrderlyNado166.41+0.430%
Phoenix166.49+0.474%Variational Omni166.51+0.488%edgeX166.52+0.496%Injective166.56+0.519%Arcus166.65+0.573%
Phoenix
Variational Omni
Injective
ArcusMSTR on 31 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Ondo Perps MSTR-USD.P | −0.121% | +0.0050% | 1h | $889K | $4.5M | 10x | as long as short |
| Extended MSTR_24_5-USD | −0.096% | +0.0032% | 1h | $499K | $2.2M | 10x | as long as short |
| Lighter MSTR | −0.018% | +0.0080% | 1h | $3.6M | $2.8M | 10x | as long as short |
| tradeXYZ xyz:MSTR | −0.012% | +0.0171% | 1h | $56.7M | $31.3M | 10x | as long as short |
| Bitget MSTRUSDT | −0.012% | +0.0321% | 8h | $28.9M | $110.9M | 25x | as long as short |
| Paradex MSTR-USD-PERP | −0.011% | +0.0110% | 8h | $66 | — | 5x | as long as short |
| Pacifica MSTR | −0.010% | +0.0100% | 1h | $101K | $153K | 10x | as long as short |
| OKX MSTR-USDT-SWAP | −0.006% | +0.0268% | 8h | $22.2M | $100.9M | 50x | as long as short |
| Gate MSTR_USDTlong | 0.000% | 0.0000% | 8h | $4.8M | $18.7M | 50x | |
| QFEX MSTR-USD | +0.012% | +0.0041% | 1h | $1.3M | $9.2M | 10x | as long as short |