Spread before costs (cost unknown: a leg has no order-book sample)+0.007%
7d average+0.092%if it closes, per $10,000$1funding while held, a day+$9.01
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter MSTR | 165.32 | 0.0112 | pay 0.0014% / 1h | 34m 08s | $3.5M | $2.5M | 10x |
| Short | Variational Omni MSTR | 165.33 | 0.0412 | get 0.0412% / 8h | 2h 34m | $1.4M | $1.8M | — |
Lighter MSTR
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
- $0.67
- Funding while held
- $9.01
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- $9.68
- Spread needed to break even
- 0.000%
Slippage unknown: Lighter: live order book, 5 min ago; Variational Omni: RFQ quote, 1 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0300%
- Per $10,000 a day
- +$9.01
- 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 Lighter live order book, 5 min ago | 1.21 bp | 3.0 bp −$3 | 8.5 bp −$85 | 39.9 bp −$3,991 | doesn't fit |
| Sell Variational Omni RFQ quote, 1 min ago | 3.18 bp | doesn't fit | 7.5 bp −$75 | doesn't fit | doesn't fit |
MSTR price on every exchange
against the cheapest. Click to use as the short leg.Nado164.91cheapestExtended164.96+0.029%Vest165.00+0.052%Coinbase International165.03+0.070%KuCoin165.09+0.106%SoDEX165.14+0.137%Orderly165.15+0.143%Ondo Perps165.16+0.149%BloFin165.16+0.149%Aster165.17+0.155%Deribit165.18+0.161%Polymarket Perps165.19+0.167%Pacifica165.21+0.179%Binance165.22+0.185%Aevo165.25+0.203%tradeXYZ165.30+0.234%Bybit165.30+0.234%RISEx165.31+0.237%QFEX165.31+0.240%
Nado
Extended
Vest
Coinbase International
KuCoin
SoDEX
Orderly
Ondo Perps
BloFin
Aster
Deribit
Polymarket Perps
Pacifica
Binance
Aevo
tradeXYZ
Bybit
RISEx
QFEXLighter165.32+0.246%
Paradex165.33+0.250%
ParadexVariational Omni165.33+0.253%
Gate165.34+0.258%Phoenix165.34+0.261%Bitget165.35+0.264%edgeX165.39+0.288%OKX165.39+0.288%Arcus165.42+0.307%Phemex165.42+0.307%ApeX Omni165.47+0.337%Injective166.49+0.955%
Gate
Phoenix
Bitget
OKX
Arcus
Phemex
ApeX Omni
InjectiveMSTR on 31 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Nado MSTR-PERP | −0.245% | +0.0255% | 1h | $153K | $254K | 3x | as long as short |
| Extended MSTR_24_5-USD | −0.216% | +0.0032% | 1h | $496K | $2.1M | 10x | as long as short |
| Vest MSTR-USD-PERP | −0.194% | +0.0046% | 1h | — | $943K | 25x | as long as short |
| Coinbase International MSTR-PERP-INTX | −0.175% | +0.0176% | 1h | $1.5M | $1.1M | 10x | as long as short |
| KuCoin MSTRUSDTM | −0.139% | +0.0145% | 8h | $2.5M | $1.3M | 20x | as long as short |
| SoDEX MSTR-USD | −0.109% | +0.0050% | 1h | $43K | $3K | 10x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | −0.103% | +0.0100% | 8h | $4K | $10K | 10x | as long as short |
| Ondo Perps MSTR-USD.P | −0.097% | +0.0050% | 1h | $927K | $4.0M | 10x | as long as short |
| BloFin MSTR-USDT | −0.097% | +0.0672% | 8h | $1.1M | $1.2M | 20x | as long as short |
| Aster MSTRUSDT | −0.091% | +0.0552% | 8h | $1.9M | $3.5M | 50x | as long as short |
Show all 31 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Deribit MSTR_USDC-PERPETUAL | −0.085% | +0.0902% | 1h | $280K | $493K | 10x | as long as short |
| Polymarket Perps MSTR-USD | −0.079% | +0.0050% | 1h | $413K | $1.3M | 10x | as long as short |
| Pacifica MSTR | −0.067% | +0.0100% | 1h | $101K | $177K | 10x | as long as short |
| Binance MSTRUSDT | −0.061% | +0.0514% | 8h | $86.1M | $361.6M | 50x | as long as short |
| Aevo MSTR-PERP | −0.043% | +0.0104% | 1h | $137 | — | 10x | as long as short |
| tradeXYZ xyz:MSTR | −0.012% | +0.0437% | 1h | $58.6M | $21.1M | 10x | as long as short |
| Bybit MSTRUSDT | −0.012% | +0.0211% | 8h | $15.8M | $33.0M | 50x | as long as short |
| RISEx MSTR/USDC | −0.009% | +0.0870% | 1h | $183K | $256K | 10x | as long as short |
| QFEX MSTR-USD | −0.006% | +0.0070% | 1h | $1.3M | $8.6M | 10x | as long as short |
| Lighter MSTRlong | 0.000% | +0.0112% | 1h | $3.5M | $2.5M | 10x | |
| Paradex MSTR-USD-PERP | +0.004% | +0.0149% | 8h | $66 | — | 5x | as long as short |
| Variational Omni MSTRshort | +0.007% | +0.0412% | 8h | $1.4M | $1.8M | — | |
| Gate MSTR_USDT | +0.012% | 0.0000% | 8h | $5.0M | $16.7M | 50x | as long as short |
| Phoenix MSTR | +0.015% | +0.0342% | 1h | $53K | $230K | 10x | as long as short |
| Bitget MSTRUSDT | +0.018% | +0.0498% | 8h | $32.3M | $85.7M | 25x | as long as short |
| edgeX MSTRUSDC | +0.042% | +0.0706% | 4h | $33K | $3.0M | 10x | as long as short |
| OKX MSTR-USDT-SWAP | +0.042% | +0.0452% | 8h | $21.6M | $74.1M | 50x | as long as short |
| Arcus MSTR-USD | +0.060% | +0.0549% | 1h | $30K | $95K | 10x | as long as short |
| Phemex MSTRUSDT | +0.060% | 0.0000% | 4h | $2.8M | $26K | 10x | as long as short |
| ApeX Omni MSTRUSDT | +0.091% | +0.0100% | 1h | $131K | $2.3M | 50x | as long as short |
| Injective MSTR/USDC PERP | +0.708% | +0.0440% | 1h | $13K | $130K | 30x | as long as short |