After costs, if the gap returns to its 7d average, $10k−$45
spread now+0.100%7d average+0.023%fees + slippage, in and out−$53spread needed0.530%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Nado MSTR-PERP | 166.25 | 0.0153 | pay 0.0019% / 1h | 51m 38s | $125K | $257K | 3x |
| Short | Bitget MSTRUSDT | 166.42 | 0.0320 | get 0.0320% / 8h | 7h 51m | $29.0M | $111.1M | 25x |
Nado MSTR-PERP
Bitget 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
- $9.97
- Funding while held
- $5
- Slippage, 4 orders
- −$33.97
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$37.99
- Spread needed to break even
- 0.530%
Slippage from Nado: live order book, 57 min ago; Bitget: live order book, 4 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0167%
- Per $10,000 a day
- +$5.00
- 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, 57 min ago | 5.97 bp | 9.5 bp −$9 | 67.2 bp −$672 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 4 min ago | 0.30 bp | 8.4 bp −$8 | 12.6 bp −$126 | 30.2 bp −$3,015 | doesn't fit |
MSTR price on every exchange
against the cheapest. Click to use as the short leg.ApeX Omni166.20cheapestPolymarket Perps166.20cheapest
ApeX Omni
Polymarket PerpsNado166.25+0.033%
Coinbase International166.32+0.072%Extended166.32+0.073%BloFin166.34+0.084%Ondo Perps166.36+0.096%Vest166.36+0.096%Aster166.38+0.107%Bybit166.38+0.108%KuCoin166.40+0.120%Lighter166.41+0.126%Gate166.42+0.132%
Coinbase International
Extended
BloFin
Ondo Perps
Vest
Aster
Bybit
KuCoin
Lighter
GateBitget166.42+0.132%
OKX166.44+0.144%Pacifica166.44+0.145%tradeXYZ166.45+0.150%QFEX166.45+0.150%Paradex166.45+0.152%RISEx166.46+0.155%edgeX166.46+0.155%Binance166.46+0.156%Phoenix166.47+0.161%Arcus166.52+0.193%Injective166.56+0.217%Variational Omni166.57+0.225%Orderly166.58+0.229%Phemex166.59+0.235%Aevo166.62+0.252%SoDEX166.62+0.253%Deribit166.72+0.313%
OKX
Pacifica
tradeXYZ
QFEX
Paradex
RISEx
Binance
Phoenix
Arcus
Injective
Variational Omni
Orderly
Phemex
Aevo
SoDEX
DeribitMSTR on 31 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| ApeX Omni MSTRUSDT | −0.033% | +0.0100% | 1h | $130K | $1.9M | 50x | as long as short |
| Polymarket Perps MSTR-USD | −0.033% | +0.0050% | 1h | $416K | $2.2M | 10x | as long as short |
| Nado MSTR-PERPlong | 0.000% | +0.0153% | 1h | $125K | $257K | 3x | |
| Coinbase International MSTR-PERP-INTX | +0.040% | +0.0112% | 1h | $1.5M | $1.2M | 10x | as long as short |
| Extended MSTR_24_5-USD | +0.040% | +0.0032% | 1h | $499K | $2.2M | 10x | as long as short |
| BloFin MSTR-USDT | +0.052% | +0.0430% | 8h | $1.1M | $1.4M | 20x | as long as short |
| Ondo Perps MSTR-USD.P | +0.064% | +0.0050% | 1h | $894K | $4.5M | 10x | as long as short |
| Vest MSTR-USD-PERP | +0.064% | +0.0046% | 1h | — | $1.7M | 25x | as long as short |
| Aster MSTRUSDT | +0.075% | +0.0305% | 8h | $1.3M | $6.0M | 50x | as long as short |
| Bybit MSTRUSDT | +0.076% | +0.0278% | 8h | $15.5M | $43.4M | 50x | as long as short |
Show all 31 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| KuCoin MSTRUSDTM | +0.088% | +0.0100% | 8h | $2.6M | $2.6M | 20x | as long as short |
| Lighter MSTR | +0.094% | +0.0112% | 1h | $3.6M | $2.8M | 10x | as long as short |
| Gate MSTR_USDT | +0.100% | 0.0000% | 8h | $4.8M | $18.6M | 50x | as long as short |
| Bitget MSTRUSDTshort | +0.100% | +0.0320% | 8h | $29.0M | $111.1M | 25x | |
| OKX MSTR-USDT-SWAP | +0.112% | +0.0270% | 8h | $22.3M | $101.4M | 50x | as long as short |
| Pacifica MSTR | +0.112% | +0.0100% | 1h | $102K | $153K | 10x | as long as short |
| tradeXYZ xyz:MSTR | +0.118% | +0.0195% | 1h | $56.9M | $31.3M | 10x | as long as short |
| QFEX MSTR-USD | +0.118% | +0.0041% | 1h | $1.3M | $9.2M | 10x | as long as short |
| Paradex MSTR-USD-PERP | +0.120% | +0.0108% | 8h | $67 | — | 5x | as long as short |
| RISEx MSTR/USDC | +0.122% | +0.0277% | 1h | $293K | $477K | 10x | as long as short |
| edgeX MSTRUSDC | +0.123% | +0.0545% | 4h | $45K | $4.9M | 10x | as long as short |
| Binance MSTRUSDT | +0.124% | +0.0310% | 8h | $90.0M | $555.6M | 50x | as long as short |
| Phoenix MSTR | +0.129% | +0.0226% | 1h | $54K | $380K | 10x | as long as short |
| Arcus MSTR-USD | +0.160% | +0.0612% | 1h | $26K | $126K | 10x | as long as short |
| Injective MSTR/USDC PERP | +0.184% | +0.0312% | 1h | $12K | $93K | 30x | as long as short |
| Variational Omni MSTR | +0.192% | +0.0246% | 8h | $1.3M | $2.2M | — | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.196% | +0.0100% | 8h | $3K | $12K | 10x | as long as short |
| Phemex MSTRUSDT | +0.202% | 0.0000% | 4h | $2.8M | $38K | 10x | as long as short |
| Aevo MSTR-PERP | +0.219% | +0.0104% | 1h | $138 | — | 10x | as long as short |
| SoDEX MSTR-USD | +0.220% | +0.0050% | 1h | $44K | $3K | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.280% | +0.1131% | 1h | $283K | $453K | 10x | as long as short |