After costs, if the gap returns to its 7d average, $10k−$57
spread now+0.023%7d average−0.013%fees + slippage, in and out−$61spread needed0.610%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Nado MSTR-PERP | 166.39 | 0.0021 | pay 0.0003% / 1h | 1m 15s | $124K | $217K | 3x |
| Short | Polymarket Perps MSTR-USD | 166.43 | 0.0050 | get 0.0006% / 1h | 1m 15s | $405K | $2.4M | 10x |
Nado MSTR-PERP
Polymarket Perps MSTR-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
- $2.29
- Funding while held
- $0.88
- Slippage, 4 orders
- −$45.96
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$57.79
- Spread needed to break even
- 0.610%
Slippage from Nado: live order book, 33 min ago; Polymarket Perps: live order book, 4 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0029%
- Per $10,000 a day
- +$0.88
- 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, 33 min ago | 9.34 bp | 24.1 bp −$24 | 80.4 bp −$804 | doesn't fit | doesn't fit |
| Sell Polymarket Perps live order book, 4 min ago | 2.41 bp | 7.3 bp −$7 | 8.7 bp −$87 | 22.5 bp −$2,251 | doesn't fit |
MSTR price on every exchange
against the cheapest. Click to use as the short leg.Coinbase International164.72cheapestVariational Omni166.09+0.832%edgeX166.23+0.920%Extended166.28+0.947%Injective166.28+0.947%Ondo Perps166.29+0.953%Aster166.37+1.003%KuCoin166.38+1.008%Phemex166.38+1.008%tradeXYZ166.39+1.014%Binance166.39+1.014%Gate166.39+1.014%
Coinbase International
Variational Omni
Extended
Injective
Ondo Perps
Aster
KuCoin
Phemex
tradeXYZ
Binance
GateNado166.39+1.015%
Lighter166.40+1.020%Bitget166.40+1.020%SoDEX166.40+1.020%OKX166.41+1.026%
Lighter
Bitget
SoDEX
OKXPolymarket Perps166.43+1.038%
Orderly166.43+1.038%Deribit166.43+1.038%BloFin166.43+1.038%Aevo166.43+1.039%Pacifica166.44+1.042%RISEx166.46+1.053%Bybit166.46+1.056%QFEX166.47+1.062%Paradex166.48+1.070%ApeX Omni166.49+1.075%Phoenix166.50+1.078%Arcus166.52+1.093%Vest166.55+1.111%
Orderly
Deribit
BloFin
Aevo
Pacifica
RISEx
Bybit
QFEX
Paradex
ApeX Omni
Phoenix
Arcus
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 | −1.005% | +0.0104% | 1h | $1.4M | $1.1M | 10x | as long as short |
| Variational Omni MSTR | −0.181% | +0.0075% | 8h | $1.2M | $2.4M | — | as long as short |
| edgeX MSTRUSDC | −0.094% | +0.0159% | 4h | $45K | $5.2M | 10x | as long as short |
| Extended MSTR_24_5-USD | −0.067% | +0.0032% | 1h | $577K | $2.0M | 10x | as long as short |
| Injective MSTR/USDC PERP | −0.067% | +0.0188% | 1h | $12K | $48K | 30x | as long as short |
| Ondo Perps MSTR-USD.P | −0.061% | +0.0050% | 1h | $779K | $4.7M | 10x | as long as short |
| Aster MSTRUSDT | −0.012% | +0.0121% | 8h | $1.3M | $6.1M | 50x | as long as short |
| KuCoin MSTRUSDTM | −0.007% | +0.0100% | 8h | $2.6M | $2.7M | 20x | as long as short |
| Phemex MSTRUSDT | −0.007% | 0.0000% | 4h | $2.8M | $48K | 10x | as long as short |
| tradeXYZ xyz:MSTR | −0.001% | +0.0094% | 1h | $56.6M | $34.1M | 10x | as long as short |
Show all 31 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Binance MSTRUSDT | −0.001% | +0.0136% | 8h | $87.4M | $600.5M | 50x | as long as short |
| Gate MSTR_USDT | −0.001% | 0.0000% | 8h | $4.8M | $18.8M | 50x | as long as short |
| Nado MSTR-PERPlong | 0.000% | +0.0021% | 1h | $124K | $217K | 3x | |
| Lighter MSTR | +0.005% | +0.0032% | 1h | $3.5M | $2.6M | 10x | as long as short |
| Bitget MSTRUSDT | +0.005% | +0.0221% | 8h | $28.5M | $113.2M | 25x | as long as short |
| SoDEX MSTR-USD | +0.005% | +0.0050% | 1h | $44K | $3K | 10x | as long as short |
| OKX MSTR-USDT-SWAP | +0.011% | +0.0108% | 8h | $22.2M | $102.7M | 50x | as long as short |
| Polymarket Perps MSTR-USDshort | +0.023% | +0.0050% | 1h | $405K | $2.4M | 10x | |
| Orderly PERP_MSTR_USDC_mythos | +0.023% | +0.0100% | 8h | $3K | $12K | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.023% | +0.0532% | 1h | $283K | $439K | 10x | as long as short |
| BloFin MSTR-USDT | +0.023% | +0.0256% | 8h | $1.1M | $1.6M | 20x | as long as short |
| Aevo MSTR-PERP | +0.024% | +0.0104% | 1h | $138 | — | 10x | as long as short |
| Pacifica MSTR | +0.027% | +0.0100% | 1h | $102K | $152K | 10x | as long as short |
| RISEx MSTR/USDC | +0.038% | 0.0000% | 1h | $289K | $471K | 10x | as long as short |
| Bybit MSTRUSDT | +0.041% | +0.0289% | 8h | $15.5M | $40.2M | 50x | as long as short |
| QFEX MSTR-USD | +0.047% | +0.0065% | 1h | $1.4M | $9.8M | 10x | as long as short |
| Paradex MSTR-USD-PERP | +0.055% | +0.0075% | 8h | $67 | — | 5x | as long as short |
| ApeX Omni MSTRUSDT | +0.059% | +0.0100% | 1h | $4K | $1.4M | 50x | as long as short |
| Phoenix MSTR | +0.063% | +0.0237% | 1h | $55K | $384K | 10x | as long as short |
| Arcus MSTR-USD | +0.077% | +0.0553% | 1h | $27K | $125K | 10x | as long as short |
| Vest MSTR-USD-PERP | +0.095% | +0.0046% | 1h | — | $1.9M | 25x | as long as short |