After costs, if the gap returns to its 7d average, $10k−$52
spread now+0.026%7d average−0.079%fees + slippage, in and out−$62spread needed0.621%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Nado MSTR-PERP | 166.76 | −0.0047 | get 0.0006% / 1h | 51m 59s | $125K | $247K | 3x |
| Short | Extended MSTR_24_5-USD | 166.80 | 0.0032 | get 0.0004% / 1h | 51m 59s | $495K | $2.1M | 10x |
Nado MSTR-PERP
Extended MSTR_24_5-USDPrice 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
- $2.65
- Funding while held
- $2.37
- Slippage, 4 orders
- −$50.07
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$57.05
- Spread needed to break even
- 0.621%
Slippage from Nado: live order book, 52 min ago; Extended: live order book, 3 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0079%
- Per $10,000 a day
- +$2.37
- 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, 52 min ago | 7.22 bp | 22.1 bp −$22 | 73.0 bp −$730 | doesn't fit | doesn't fit |
| Sell Extended live order book, 3 min ago | 2.40 bp | 5.5 bp −$5 | 18.9 bp −$189 | doesn't fit | doesn't fit |
MSTR price on every exchange
against the cheapest. Click to use as the short leg.Coinbase International166.53cheapestApeX Omni166.54+0.006%edgeX166.61+0.045%Variational Omni166.61+0.050%Phoenix166.65+0.074%Ondo Perps166.71+0.108%
Coinbase International
ApeX Omni
Variational Omni
Phoenix
Ondo PerpsNado166.76+0.137%
SoDEX166.80+0.162%
SoDEXExtended166.80+0.164%
Phemex166.82+0.174%Lighter166.83+0.180%Aevo166.84+0.185%KuCoin166.85+0.192%Binance166.86+0.198%Orderly166.86+0.198%Deribit166.86+0.198%tradeXYZ166.87+0.204%Bitget166.87+0.204%Aster166.87+0.206%OKX166.89+0.216%BloFin166.89+0.216%Gate166.91+0.228%Bybit166.94+0.246%Pacifica166.95+0.255%QFEX166.97+0.264%Paradex167.00+0.281%RISEx167.00+0.285%Polymarket Perps167.02+0.294%Arcus167.04+0.306%Vest167.05+0.312%Injective167.08+0.330%
Phemex
Lighter
Aevo
KuCoin
Binance
Orderly
Deribit
tradeXYZ
Bitget
Aster
OKX
BloFin
Gate
Bybit
Pacifica
QFEX
Paradex
RISEx
Polymarket Perps
Arcus
Vest
InjectiveMSTR 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 | −0.137% | +0.0112% | 1h | $1.5M | $1.1M | 10x | as long as short |
| ApeX Omni MSTRUSDT | −0.131% | +0.0100% | 1h | $130K | $1.6M | 50x | as long as short |
| edgeX MSTRUSDC | −0.092% | +0.0356% | 4h | $49K | $5.0M | 10x | as long as short |
| Variational Omni MSTR | −0.088% | +0.0197% | 8h | $1.3M | $2.2M | — | as long as short |
| Phoenix MSTR | −0.063% | +0.0215% | 1h | $55K | $388K | 10x | as long as short |
| Ondo Perps MSTR-USD.P | −0.029% | +0.0050% | 1h | $824K | $4.6M | 10x | as long as short |
| Nado MSTR-PERPlong | 0.000% | −0.0047% | 1h | $125K | $247K | 3x | |
| SoDEX MSTR-USD | +0.025% | +0.0050% | 1h | $44K | $3K | 10x | as long as short |
| Extended MSTR_24_5-USDshort | +0.026% | +0.0032% | 1h | $495K | $2.1M | 10x | |
| Phemex MSTRUSDT | +0.037% | 0.0000% | 4h | $2.8M | $42K | 10x | as long as short |
Show all 31 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Lighter MSTR | +0.043% | +0.0032% | 1h | $3.6M | $2.6M | 10x | as long as short |
| Aevo MSTR-PERP | +0.047% | +0.0104% | 1h | $138 | — | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.055% | +0.0100% | 8h | $2.5M | $2.6M | 20x | as long as short |
| Binance MSTRUSDT | +0.061% | +0.0239% | 8h | $90.7M | $567.8M | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.061% | +0.0100% | 8h | $3K | $12K | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.061% | +0.0470% | 1h | $284K | $455K | 10x | as long as short |
| tradeXYZ xyz:MSTR | +0.067% | +0.0050% | 1h | $56.7M | $32.0M | 10x | as long as short |
| Bitget MSTRUSDT | +0.067% | +0.0269% | 8h | $28.7M | $111.7M | 25x | as long as short |
| Aster MSTRUSDT | +0.069% | +0.0240% | 8h | $1.3M | $6.0M | 50x | as long as short |
| OKX MSTR-USDT-SWAP | +0.079% | +0.0204% | 8h | $22.5M | $101.7M | 50x | as long as short |
| BloFin MSTR-USDT | +0.079% | +0.0361% | 8h | $1.1M | $1.5M | 20x | as long as short |
| Gate MSTR_USDT | +0.091% | 0.0000% | 8h | $4.8M | $18.2M | 50x | as long as short |
| Bybit MSTRUSDT | +0.109% | +0.0232% | 8h | $15.5M | $41.5M | 50x | as long as short |
| Pacifica MSTR | +0.117% | +0.0100% | 1h | $102K | $152K | 10x | as long as short |
| QFEX MSTR-USD | +0.127% | +0.0041% | 1h | $1.3M | $9.4M | 10x | as long as short |
| Paradex MSTR-USD-PERP | +0.144% | +0.0078% | 8h | $67 | — | 5x | as long as short |
| RISEx MSTR/USDC | +0.148% | +0.0017% | 1h | $296K | $467K | 10x | as long as short |
| Polymarket Perps MSTR-USD | +0.157% | +0.0050% | 1h | $405K | $2.3M | 10x | as long as short |
| Arcus MSTR-USD | +0.169% | +0.0599% | 1h | $26K | $130K | 10x | as long as short |
| Vest MSTR-USD-PERP | +0.175% | +0.0046% | 1h | — | $1.8M | 25x | as long as short |
| Injective MSTR/USDC PERP | +0.193% | +0.0249% | 1h | $12K | $68K | 30x | as long as short |