After costs, if the gap returns to its 7d average, $10k−$75
spread now+0.005%7d average+0.018%fees + slippage, in and out−$74spread needed0.738%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Nado MSTR-PERP | 165.91 | 0.0111 | pay 0.0014% / 1h | 49m 05s | $124K | $240K | 3x |
| Short | edgeX MSTRUSDC | 165.92 | 0.0800 | get 0.0400% / 4h | 1h 49m | $44K | $5.2M | 10x |
Nado MSTR-PERPPrice 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
- $0.52
- Funding while held
- $20.67
- Slippage, 4 orders
- −$57.81
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$52.62
- Spread needed to break even
- 0.738%
Slippage from Nado: live order book, 50 min ago; edgeX: live order book, 1 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0689%
- Per $10,000 a day
- +$20.67
- 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, 50 min ago | 7.51 bp | 23.6 bp −$24 | 73.2 bp −$732 | doesn't fit | doesn't fit |
| Sell edgeX live order book, 1 min ago | 6.03 bp | 11.0 bp −$11 | 17.8 bp −$178 | doesn't fit | doesn't fit |
MSTR price on every exchange
against the cheapest. Click to use as the short leg.Coinbase International164.72cheapestInjective165.62+0.546%Ondo Perps165.64+0.559%ApeX Omni165.72+0.607%Pacifica165.87+0.701%tradeXYZ165.88+0.704%RISEx165.91+0.722%OKX165.91+0.722%KuCoin165.91+0.722%
Coinbase International
Injective
Ondo Perps
ApeX Omni
Pacifica
tradeXYZ
RISEx
OKX
KuCoinNado165.91+0.725%
Paradex165.92+0.728%Extended165.94+0.741%Gate165.94+0.741%QFEX165.95+0.747%Bitget165.95+0.747%Lighter165.97+0.759%Bybit165.97+0.759%Phoenix165.97+0.759%Phemex165.97+0.759%Binance165.98+0.765%Arcus165.98+0.765%Polymarket Perps165.98+0.765%SoDEX165.98+0.765%Orderly166.01+0.783%Variational Omni166.02+0.789%Aster166.02+0.789%BloFin166.04+0.801%Aevo166.05+0.805%Deribit166.06+0.814%Vest166.08+0.826%
Paradex
Extended
Gate
QFEX
Bitget
Lighter
Bybit
Phoenix
Phemex
Binance
Arcus
Polymarket Perps
SoDEX
Orderly
Variational Omni
Aster
BloFin
Aevo
Deribit
VestMSTR 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 | −0.720% | +0.0104% | 1h | $1.4M | $1.1M | 10x | as long as short |
| Injective MSTR/USDC PERP | −0.178% | +0.0188% | 1h | $12K | $48K | 30x | as long as short |
| Ondo Perps MSTR-USD.P | −0.166% | +0.0050% | 1h | $779K | $4.7M | 10x | as long as short |
| ApeX Omni MSTRUSDT | −0.117% | +0.0100% | 1h | $4K | $1.4M | 50x | as long as short |
| Pacifica MSTR | −0.025% | +0.0100% | 1h | $101K | $153K | 10x | as long as short |
| tradeXYZ xyz:MSTR | −0.021% | +0.0108% | 1h | $56.2M | $33.8M | 10x | as long as short |
| RISEx MSTR/USDC | −0.003% | 0.0000% | 1h | $296K | $469K | 10x | as long as short |
| OKX MSTR-USDT-SWAP | −0.003% | +0.0147% | 8h | $22.0M | $102.1M | 50x | as long as short |
| KuCoin MSTRUSDTM | −0.003% | +0.0100% | 8h | $2.6M | $2.7M | 20x | as long as short |
| Nado MSTR-PERPlong | 0.000% | +0.0111% | 1h | $124K | $240K | 3x |
Show all 31 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Paradex MSTR-USD-PERP | +0.003% | +0.0103% | 8h | $66 | — | 5x | as long as short |
| edgeX MSTRUSDCshort | +0.005% | +0.0800% | 4h | $44K | $5.2M | 10x | |
| Extended MSTR_24_5-USD | +0.015% | +0.0032% | 1h | $574K | $2.1M | 10x | as long as short |
| Gate MSTR_USDT | +0.015% | 0.0000% | 8h | $4.8M | $18.5M | 50x | as long as short |
| QFEX MSTR-USD | +0.021% | +0.0065% | 1h | $1.4M | $9.7M | 10x | as long as short |
| Bitget MSTRUSDT | +0.021% | +0.0240% | 8h | $28.5M | $113.0M | 25x | as long as short |
| Lighter MSTR | +0.033% | +0.0032% | 1h | $3.5M | $2.6M | 10x | as long as short |
| Bybit MSTRUSDT | +0.033% | +0.0306% | 8h | $15.4M | $40.4M | 50x | as long as short |
| Phoenix MSTR | +0.033% | +0.0237% | 1h | $55K | $384K | 10x | as long as short |
| Phemex MSTRUSDT | +0.033% | 0.0000% | 4h | $2.8M | $45K | 10x | as long as short |
| Binance MSTRUSDT | +0.039% | +0.0184% | 8h | $87.7M | $597.7M | 50x | as long as short |
| Arcus MSTR-USD | +0.039% | +0.0553% | 1h | $27K | $119K | 10x | as long as short |
| Polymarket Perps MSTR-USD | +0.039% | +0.0050% | 1h | $400K | $2.3M | 10x | as long as short |
| SoDEX MSTR-USD | +0.039% | +0.0050% | 1h | $44K | $3K | 10x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.057% | +0.0100% | 8h | $3K | $12K | 10x | as long as short |
| Variational Omni MSTR | +0.063% | +0.0135% | 8h | $1.2M | $2.4M | — | as long as short |
| Aster MSTRUSDT | +0.063% | +0.0171% | 8h | $1.3M | $6.1M | 50x | as long as short |
| BloFin MSTR-USDT | +0.075% | +0.0304% | 8h | $1.1M | $1.6M | 20x | as long as short |
| Aevo MSTR-PERP | +0.079% | +0.0104% | 1h | $138 | — | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.087% | +0.0353% | 1h | $282K | $488K | 10x | as long as short |
| Vest MSTR-USD-PERP | +0.100% | +0.0046% | 1h | — | $1.8M | 25x | as long as short |