After costs, if the gap returns to its 7d average, $10k−$62
spread now+0.031%7d average+0.060%fees + slippage, in and out−$59spread needed0.588%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Nado MSTR-PERP | 166.13 | 0.0022 | pay 0.0003% / 1h | 10m 21s | $124K | $228K | 3x |
| Short | Binance MSTRUSDT | 166.19 | 0.0142 | get 0.0142% / 8h | 5h 10m | $87.4M | $599.9M | 50x |
Nado MSTR-PERP
Binance MSTRUSDTPrice 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
- $3.08
- Funding while held
- $3.62
- Slippage, 4 orders
- −$41.77
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$52.06
- Spread needed to break even
- 0.588%
Slippage from Nado: live order book, 24 min ago; Binance: live order book, 5 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0121%
- Per $10,000 a day
- +$3.62
- 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 Nado live order book, 24 min ago | 9.34 bp | 24.1 bp −$24 | 80.4 bp −$804 | doesn't fit | doesn't fit |
| Sell Binance live order book, 5 min ago | 0.30 bp | 5.4 bp −$5 | 8.5 bp −$85 | 21.2 bp −$2,124 | 86.0 bp −$43.0K |
MSTR price on every exchange
against the cheapest. Click to use as the short leg.Coinbase International164.72cheapestOndo Perps166.04+0.801%Phoenix166.07+0.820%BloFin166.07+0.820%Extended166.08+0.826%Variational Omni166.10+0.835%Pacifica166.11+0.842%Lighter166.11+0.844%KuCoin166.11+0.844%Polymarket Perps166.11+0.844%Paradex166.12+0.847%tradeXYZ166.12+0.850%Vest166.12+0.850%Phemex166.13+0.856%Aster166.13+0.858%
Coinbase International
Ondo Perps
Phoenix
BloFin
Extended
Variational Omni
Pacifica
Lighter
KuCoin
Polymarket Perps
Paradex
tradeXYZ
Vest
Phemex
AsterNado166.13+0.859%
RISEx166.13+0.859%QFEX166.15+0.868%Gate166.16+0.874%Arcus166.17+0.880%Orderly166.17+0.880%
RISEx
QFEX
Gate
Arcus
OrderlyBinance166.19+0.890%
Aevo166.19+0.895%edgeX166.20+0.900%ApeX Omni166.24+0.923%Bitget166.25+0.929%SoDEX166.26+0.935%Injective166.28+0.947%Bybit166.29+0.953%OKX166.30+0.959%Deribit166.31+0.965%
Aevo
ApeX Omni
Bitget
SoDEX
Injective
Bybit
OKX
DeribitMSTR on 31 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Coinbase International MSTR-PERP-INTX | −0.851% | +0.0104% | 1h | $1.4M | $1.1M | 10x | as long as short |
| Ondo Perps MSTR-USD.P | −0.057% | +0.0050% | 1h | $777K | $4.7M | 10x | as long as short |
| Phoenix MSTR | −0.039% | +0.0237% | 1h | $56K | $384K | 10x | as long as short |
| BloFin MSTR-USDT | −0.039% | +0.0263% | 8h | $1.1M | $1.6M | 20x | as long as short |
| Extended MSTR_24_5-USD | −0.032% | +0.0032% | 1h | $577K | $2.1M | 10x | as long as short |
| Variational Omni MSTR | −0.023% | +0.0080% | 8h | $1.2M | $2.4M | — | as long as short |
| Pacifica MSTR | −0.016% | +0.0100% | 1h | $101K | $152K | 10x | as long as short |
| Lighter MSTR | −0.015% | +0.0032% | 1h | $3.5M | $2.6M | 10x | as long as short |
| KuCoin MSTRUSDTM | −0.015% | +0.0100% | 8h | $2.6M | $2.7M | 20x | as long as short |
| Polymarket Perps MSTR-USD | −0.015% | +0.0050% | 1h | $405K | $2.4M | 10x | as long as short |
Show all 31 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Paradex MSTR-USD-PERP | −0.011% | +0.0077% | 8h | $66 | — | 5x | as long as short |
| tradeXYZ xyz:MSTR | −0.009% | +0.0092% | 1h | $56.4M | $34.0M | 10x | as long as short |
| Vest MSTR-USD-PERP | −0.009% | +0.0046% | 1h | — | $1.9M | 25x | as long as short |
| Phemex MSTRUSDT | −0.002% | 0.0000% | 4h | $2.8M | $47K | 10x | as long as short |
| Aster MSTRUSDT | −0.001% | +0.0126% | 8h | $1.3M | $6.1M | 50x | as long as short |
| Nado MSTR-PERPlong | 0.000% | +0.0022% | 1h | $124K | $228K | 3x | |
| RISEx MSTR/USDC | 0.000% | 0.0000% | 1h | $286K | $469K | 10x | as long as short |
| QFEX MSTR-USD | +0.010% | +0.0065% | 1h | $1.4M | $9.8M | 10x | as long as short |
| Gate MSTR_USDT | +0.016% | 0.0000% | 8h | $4.8M | $18.8M | 50x | as long as short |
| Arcus MSTR-USD | +0.022% | +0.0553% | 1h | $27K | $122K | 10x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.022% | +0.0100% | 8h | $3K | $12K | 10x | as long as short |
| Binance MSTRUSDTshort | +0.031% | +0.0142% | 8h | $87.4M | $599.9M | 50x | |
| Aevo MSTR-PERP | +0.036% | +0.0104% | 1h | $138 | — | 10x | as long as short |
| edgeX MSTRUSDC | +0.041% | +0.0644% | 4h | $45K | $5.2M | 10x | as long as short |
| ApeX Omni MSTRUSDT | +0.064% | +0.0100% | 1h | $4K | $1.4M | 50x | as long as short |
| Bitget MSTRUSDT | +0.070% | +0.0220% | 8h | $28.5M | $113.3M | 25x | as long as short |
| SoDEX MSTR-USD | +0.076% | +0.0050% | 1h | $44K | $3K | 10x | as long as short |
| Injective MSTR/USDC PERP | +0.088% | +0.0188% | 1h | $12K | $48K | 30x | as long as short |
| Bybit MSTRUSDT | +0.094% | +0.0284% | 8h | $15.4M | $40.4M | 50x | as long as short |
| OKX MSTR-USDT-SWAP | +0.100% | +0.0111% | 8h | $22.1M | $102.5M | 50x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.106% | +0.0713% | 1h | $283K | $460K | 10x | as long as short |