After costs, if the gap returns to its 7d average, $10k−$66
spread now+0.027%7d average+0.013%fees + slippage, in and out−$68spread needed0.678%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Nado MSTR-PERP | 165.48 | 0.0044 | pay 0.0005% / 1h | 8m 24s | $123K | $242K | 3x |
| Short | Bybit MSTRUSDT | 165.52 | 0.0249 | get 0.0249% / 8h | 6h 08m | $15.3M | $41.9M | 50x |
Nado MSTR-PERP
Bybit 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
- $2.71
- Funding while held
- $6.15
- Slippage, 4 orders
- −$49.79
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$58.93
- Spread needed to break even
- 0.678%
Slippage from Nado: live order book, 31 min ago; Bybit: live order book, 2 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0205%
- Per $10,000 a day
- +$6.15
- 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, 31 min ago | 7.51 bp | 23.6 bp −$24 | 73.2 bp −$732 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 2 min ago | 0.30 bp | 7.9 bp −$8 | 15.4 bp −$154 | 55.7 bp −$5,572 | doesn't fit |
MSTR price on every exchange
against the cheapest. Click to use as the short leg.tradeXYZ165.34cheapestExtended165.41+0.039%Arcus165.43+0.054%Polymarket Perps165.45+0.067%OKX165.46+0.073%Bitget165.46+0.073%Vest165.46+0.073%ApeX Omni165.47+0.079%
tradeXYZ
Extended
Arcus
Polymarket Perps
OKX
Bitget
Vest
ApeX OmniNado165.48+0.082%
Pacifica165.51+0.102%Paradex165.52+0.107%
Pacifica
ParadexBybit165.52+0.109%
SoDEX165.52+0.109%Coinbase International165.53+0.115%RISEx165.54+0.124%Binance165.55+0.127%KuCoin165.55+0.127%QFEX165.56+0.133%Deribit165.56+0.133%Gate165.57+0.139%Orderly165.58+0.145%Phemex165.58+0.145%Lighter165.59+0.151%Aevo165.60+0.157%Ondo Perps165.61+0.163%BloFin165.65+0.187%Aster165.67+0.198%Injective165.77+0.260%Phoenix165.80+0.278%edgeX165.95+0.367%Variational Omni166.02+0.411%
SoDEX
Coinbase International
RISEx
Binance
KuCoin
QFEX
Deribit
Gate
Orderly
Phemex
Lighter
Aevo
Ondo Perps
BloFin
Aster
Injective
Phoenix
Variational OmniMSTR on 31 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:MSTR | −0.082% | +0.0118% | 1h | $56.0M | $32.9M | 10x | as long as short |
| Extended MSTR_24_5-USD | −0.042% | +0.0032% | 1h | $574K | $2.1M | 10x | as long as short |
| Arcus MSTR-USD | −0.027% | +0.0599% | 1h | $27K | $119K | 10x | as long as short |
| Polymarket Perps MSTR-USD | −0.015% | +0.0050% | 1h | $401K | $2.3M | 10x | as long as short |
| OKX MSTR-USDT-SWAP | −0.009% | +0.0162% | 8h | $22.2M | $101.9M | 50x | as long as short |
| Bitget MSTRUSDT | −0.009% | +0.0240% | 8h | $28.4M | $112.6M | 25x | as long as short |
| Vest MSTR-USD-PERP | −0.009% | +0.0046% | 1h | — | $1.8M | 25x | as long as short |
| ApeX Omni MSTRUSDT | −0.003% | +0.0100% | 1h | $4K | $1.4M | 50x | as long as short |
| Nado MSTR-PERPlong | 0.000% | +0.0044% | 1h | $123K | $242K | 3x | |
| Pacifica MSTR | +0.020% | +0.0100% | 1h | $101K | $153K | 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 | +0.026% | +0.0096% | 8h | $66 | — | 5x | as long as short |
| Bybit MSTRUSDTshort | +0.027% | +0.0249% | 8h | $15.3M | $41.9M | 50x | |
| SoDEX MSTR-USD | +0.027% | +0.0050% | 1h | $43K | $3K | 10x | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.033% | +0.0112% | 1h | $1.5M | $1.1M | 10x | as long as short |
| RISEx MSTR/USDC | +0.042% | +0.0017% | 1h | $285K | $465K | 10x | as long as short |
| Binance MSTRUSDT | +0.045% | +0.0196% | 8h | $88.1M | $589.5M | 50x | as long as short |
| KuCoin MSTRUSDTM | +0.045% | +0.0100% | 8h | $2.5M | $2.6M | 20x | as long as short |
| QFEX MSTR-USD | +0.051% | +0.0041% | 1h | $1.4M | $9.6M | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.051% | +0.0596% | 1h | $282K | $487K | 10x | as long as short |
| Gate MSTR_USDT | +0.057% | 0.0000% | 8h | $4.8M | $18.8M | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.063% | +0.0100% | 8h | $3K | $12K | 10x | as long as short |
| Phemex MSTRUSDT | +0.063% | 0.0000% | 4h | $2.8M | $44K | 10x | as long as short |
| Lighter MSTR | +0.069% | +0.0032% | 1h | $3.5M | $2.6M | 10x | as long as short |
| Aevo MSTR-PERP | +0.075% | +0.0104% | 1h | $137 | — | 10x | as long as short |
| Ondo Perps MSTR-USD.P | +0.082% | +0.0050% | 1h | $778K | $4.7M | 10x | as long as short |
| BloFin MSTR-USDT | +0.106% | +0.0318% | 8h | $1.1M | $1.6M | 20x | as long as short |
| Aster MSTRUSDT | +0.116% | +0.0187% | 8h | $1.3M | $6.1M | 50x | as long as short |
| Injective MSTR/USDC PERP | +0.178% | +0.0249% | 1h | $12K | $68K | 30x | as long as short |
| Phoenix MSTR | +0.196% | +0.0215% | 1h | $54K | $388K | 10x | as long as short |
| edgeX MSTRUSDC | +0.285% | +0.0737% | 4h | $50K | $5.1M | 10x | as long as short |
| Variational Omni MSTR | +0.329% | +0.0133% | 8h | $1.2M | $2.3M | — | as long as short |