After costs, if the gap returns to its 7d average, $10k−$63
spread now−0.066%7d average+0.020%fees + slippage, in and out−$55spread needed0.549%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Nado MSTR-PERP | 166.47 | 0.0067 | pay 0.0008% / 1h | 37m 31s | $128K | $260K | 3x |
| Short | Phoenix MSTR | 166.36 | 0.0216 | get 0.0027% / 1h | 37m 31s | $56K | $364K | 10x |
Nado MSTR-PERP
Phoenix MSTRPrice 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
- −$6.58
- Funding while held
- $4.47
- Slippage, 4 orders
- −$40.85
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$56.97
- Spread needed to break even
- 0.549%
Slippage from Nado: live order book, 11 min ago; Phoenix: live order book, 10 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0149%
- Per $10,000 a day
- +$4.47
- 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, 11 min ago | 5.97 bp | 9.5 bp −$9 | 67.2 bp −$672 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 10 min ago | 4.52 bp | 11.6 bp −$12 | 21.9 bp −$219 | doesn't fit | doesn't fit |
MSTR price on every exchange
against the cheapest. Click to use as the short leg.Phoenix166.36cheapest
Extended166.42+0.034%Ondo Perps166.42+0.034%
Extended
Ondo PerpsNado166.47+0.066%
ApeX Omni166.50+0.082%Bitget166.54+0.106%QFEX166.56+0.118%BloFin166.56+0.118%Gate166.57+0.124%Coinbase International166.59+0.136%Arcus166.60+0.142%KuCoin166.61+0.148%Polymarket Perps166.61+0.148%RISEx166.62+0.151%Vest166.63+0.160%Binance166.64+0.164%Pacifica166.64+0.164%Phemex166.66+0.179%tradeXYZ166.68+0.191%Bybit166.68+0.191%OKX166.68+0.191%Orderly166.70+0.203%Lighter166.73+0.221%SoDEX166.75+0.233%Deribit166.75+0.233%Aevo166.77+0.245%Paradex166.78+0.253%Aster166.83+0.281%Injective166.94+0.347%Variational Omni167.10+0.442%edgeX167.13+0.463%
ApeX Omni
Bitget
QFEX
BloFin
Gate
Coinbase International
Arcus
KuCoin
Polymarket Perps
RISEx
Vest
Binance
Pacifica
Phemex
tradeXYZ
Bybit
OKX
Orderly
Lighter
SoDEX
Deribit
Aevo
Paradex
Aster
Injective
Variational OmniMSTR on 31 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Phoenix MSTRshort | −0.066% | +0.0216% | 1h | $56K | $364K | 10x | |
| Extended MSTR_24_5-USD | −0.032% | +0.0112% | 1h | $508K | $2.2M | 10x | as long as short |
| Ondo Perps MSTR-USD.P | −0.032% | +0.0050% | 1h | $913K | $4.5M | 10x | as long as short |
| Nado MSTR-PERPlong | 0.000% | +0.0067% | 1h | $128K | $260K | 3x | |
| ApeX Omni MSTRUSDT | +0.016% | +0.0100% | 1h | $132K | $2.0M | 50x | as long as short |
| Bitget MSTRUSDT | +0.040% | +0.0374% | 8h | $29.1M | $110.1M | 25x | as long as short |
| QFEX MSTR-USD | +0.052% | +0.0057% | 1h | $1.3M | $9.2M | 10x | as long as short |
| BloFin MSTR-USDT | +0.052% | +0.0500% | 8h | $1.1M | $1.4M | 20x | as long as short |
| Gate MSTR_USDT | +0.058% | 0.0000% | 8h | $4.9M | $18.7M | 50x | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.071% | +0.0112% | 1h | $1.5M | $1.2M | 10x | as long as short |