After costs, if the gap returns to its 7d average, $10k−$74
spread now−0.250%7d average−0.043%fees + slippage, in and out−$53spread needed0.531%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Nado MSTR-PERP | 166.35 | 0.0079 | pay 0.0010% / 1h | 29m 40s | $155K | $245K | 3x |
| Short | Coinbase International MSTR-PERP-INTX | 165.93 | 0.0160 | get 0.0020% / 1h | 29m 40s | $1.5M | $1.2M | 10x |
Nado MSTR-PERP
Coinbase International MSTR-PERP-INTXPrice 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
- −$25.01
- Funding while held
- $2.44
- Slippage, 4 orders
- −$36.11
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$75.68
- Spread needed to break even
- 0.531%
Slippage from Nado: live order book, 24 min ago; Coinbase International: live order book, just now.
Cost of waiting
funding view- Funding /8h
- +0.0081%
- Per $10,000 a day
- +$2.44
- 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 | 9.06 bp | 16.7 bp −$17 | 63.6 bp −$636 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, just now | 5.12 bp | 10.1 bp −$10 | 15.4 bp −$154 | doesn't fit | doesn't fit |
MSTR price on every exchange
against the cheapest. Click to use as the short leg.Phoenix165.56cheapestInjective165.73+0.105%ApeX Omni165.89+0.202%Ondo Perps165.91+0.214%
Phoenix
Injective
ApeX Omni
Ondo PerpsCoinbase International165.93+0.226%
Extended165.94+0.234%Pacifica166.02+0.278%edgeX166.02+0.279%Gate166.02+0.280%QFEX166.03+0.286%Bitget166.04+0.292%Bybit166.06+0.304%Paradex166.06+0.307%OKX166.07+0.310%BloFin166.10+0.329%Phemex166.12+0.341%tradeXYZ166.13+0.347%Binance166.14+0.352%Arcus166.14+0.353%RISEx166.15+0.356%Variational Omni166.15+0.356%Lighter166.15+0.359%KuCoin166.15+0.359%SoDEX166.29+0.443%Aster166.30+0.449%Orderly166.33+0.468%Deribit166.34+0.474%
Extended
Pacifica
Gate
QFEX
Bitget
Bybit
Paradex
OKX
BloFin
Phemex
tradeXYZ
Binance
Arcus
RISEx
Variational Omni
Lighter
KuCoin
SoDEX
Aster
Orderly
DeribitNado166.35+0.477%
Aevo166.36+0.488%Vest166.43+0.528%Polymarket Perps166.45+0.540%
Aevo
Vest
Polymarket PerpsMSTR on 31 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Phoenix MSTR | −0.475% | +0.0320% | 1h | $53K | $334K | 10x | as long as short |
| Injective MSTR/USDC PERP | −0.370% | −0.0440% | 1h | $12K | $123K | 30x | as long as short |
| ApeX Omni MSTRUSDT | −0.274% | +0.0100% | 1h | $132K | $2.4M | 50x | as long as short |
| Ondo Perps MSTR-USD.P | −0.262% | +0.0050% | 1h | $843K | $4.3M | 10x | as long as short |
| Coinbase International MSTR-PERP-INTXshort | −0.250% | +0.0160% | 1h | $1.5M | $1.2M | 10x | |
| Extended MSTR_24_5-USD | −0.242% | +0.0032% | 1h | $498K | $2.2M | 10x | as long as short |
| Pacifica MSTR | −0.199% | +0.0100% | 1h | $102K | $176K | 10x | as long as short |
| edgeX MSTRUSDC | −0.197% | +0.0698% | 4h | $61K | $4.1M | 10x | as long as short |
| Gate MSTR_USDT | −0.196% | 0.0000% | 8h | $5.0M | $18.5M | 50x | as long as short |
| QFEX MSTR-USD | −0.190% | +0.0057% | 1h | $1.3M | $8.9M | 10x | as long as short |
Show all 31 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Bitget MSTRUSDT | −0.184% | +0.0404% | 8h | $28.7M | $105.9M | 25x | as long as short |
| Bybit MSTRUSDT | −0.172% | +0.0201% | 8h | $15.8M | $41.5M | 50x | as long as short |
| Paradex MSTR-USD-PERP | −0.169% | +0.0116% | 8h | $66 | — | 5x | as long as short |
| OKX MSTR-USDT-SWAP | −0.166% | +0.0366% | 8h | $21.8M | $96.6M | 50x | as long as short |
| BloFin MSTR-USDT | −0.148% | +0.0543% | 8h | $1.1M | $1.4M | 20x | as long as short |
| Phemex MSTRUSDT | −0.136% | 0.0000% | 4h | $2.8M | $30K | 10x | as long as short |
| tradeXYZ xyz:MSTR | −0.130% | +0.0189% | 1h | $56.7M | $29.9M | 10x | as long as short |
| Binance MSTRUSDT | −0.125% | +0.0417% | 8h | $86.2M | $476.7M | 50x | as long as short |
| Arcus MSTR-USD | −0.124% | +0.0991% | 1h | $26K | $123K | 10x | as long as short |
| RISEx MSTR/USDC | −0.121% | +0.0566% | 1h | $196K | $392K | 10x | as long as short |
| Variational Omni MSTR | −0.120% | +0.0342% | 8h | $1.3M | $2.1M | — | as long as short |
| Lighter MSTR | −0.118% | +0.0160% | 1h | $3.6M | $2.9M | 10x | as long as short |
| KuCoin MSTRUSDTM | −0.118% | +0.0133% | 8h | $3.2M | $2.1M | 20x | as long as short |
| SoDEX MSTR-USD | −0.034% | +0.0050% | 1h | $44K | $3K | 10x | as long as short |
| Aster MSTRUSDT | −0.028% | +0.0448% | 8h | $1.6M | $5.0M | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | −0.010% | +0.0100% | 8h | $3K | $14K | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | −0.004% | +0.0773% | 1h | $283K | $450K | 10x | as long as short |
| Nado MSTR-PERPlong | 0.000% | +0.0079% | 1h | $155K | $245K | 3x | |
| Aevo MSTR-PERP | +0.011% | +0.0104% | 1h | $138 | — | 10x | as long as short |
| Vest MSTR-USD-PERP | +0.051% | +0.0046% | 1h | — | $1.3M | 25x | as long as short |
| Polymarket Perps MSTR-USD | +0.063% | +0.0050% | 1h | $421K | $1.7M | 10x | as long as short |