Spread before costs (cost unknown: a leg has no order-book sample)+0.045%
7d average+0.087%if it closes, per $10,000$4funding while held, a day+$5.11
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Pacifica MSTR | 166.85 | 0.0100 | pay 0.0013% / 1h | 6m 25s | $102K | $153K | 10x |
| Short | Variational Omni MSTR | 166.93 | 0.0270 | get 0.0270% / 8h | 6m 25s | $1.3M | $2.2M | — |
Pacifica MSTR
Variational Omni 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
- $4.5
- Funding while held
- $5.11
- Slippage, 4 orders
- no order book: not counted
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- $1.61
- Spread needed to break even
- 0.080%
Slippage unknown: Pacifica: live order book, 43 min ago; Variational Omni: RFQ quote, 4 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0170%
- Per $10,000 a day
- +$5.11
- 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 Pacifica live order book, 43 min ago | 2.06 bp | 6.1 bp −$6 | doesn't fit | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 4 min ago | 2.96 bp | doesn't fit | 7.8 bp −$78 | doesn't fit | doesn't fit |
MSTR price on every exchange
against the cheapest. Click to use as the short leg.Coinbase International166.13cheapestInjective166.50+0.223%Phemex166.57+0.265%BloFin166.62+0.295%Ondo Perps166.85+0.433%
Coinbase International
Injective
Phemex
BloFin
Ondo PerpsPacifica166.85+0.435%
Extended166.86+0.439%SoDEX166.88+0.451%Paradex166.89+0.457%Orderly166.90+0.463%Aster166.91+0.470%QFEX166.92+0.476%KuCoin166.92+0.476%Bitget166.92+0.476%
Extended
SoDEX
Paradex
Orderly
Aster
QFEX
KuCoin
BitgetVariational Omni166.93+0.480%
Lighter166.94+0.488%OKX166.95+0.494%Binance166.97+0.506%edgeX166.97+0.507%RISEx166.98+0.510%Deribit166.98+0.512%Nado167.00+0.521%Aevo167.01+0.527%Vest167.01+0.530%ApeX Omni167.03+0.542%tradeXYZ167.04+0.548%Bybit167.04+0.548%Arcus167.04+0.548%Gate167.05+0.554%Polymarket Perps167.05+0.554%Phoenix167.22+0.656%
Lighter
OKX
Binance
RISEx
Deribit
Nado
Aevo
Vest
ApeX Omni
tradeXYZ
Bybit
Arcus
Gate
Polymarket Perps
PhoenixMSTR 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 | −0.433% | +0.0112% | 1h | $1.5M | $1.2M | 10x | as long as short |
| Injective MSTR/USDC PERP | −0.211% | +0.0033% | 1h | $12K | $97K | 30x | as long as short |
| Phemex MSTRUSDT | −0.169% | 0.0000% | 4h | $2.8M | $37K | 10x | as long as short |
| BloFin MSTR-USDT | −0.139% | +0.0444% | 8h | $1.1M | $1.4M | 20x | as long as short |
| Ondo Perps MSTR-USD.P | −0.001% | +0.0050% | 1h | $845K | $4.6M | 10x | as long as short |
| Pacifica MSTRlong | 0.000% | +0.0100% | 1h | $102K | $153K | 10x | |
| Extended MSTR_24_5-USD | +0.004% | +0.0032% | 1h | $502K | $2.2M | 10x | as long as short |
| SoDEX MSTR-USD | +0.017% | +0.0050% | 1h | $44K | $3K | 10x | as long as short |
| Paradex MSTR-USD-PERP | +0.022% | +0.0098% | 8h | $67 | — | 5x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.029% | +0.0100% | 8h | $3K | $12K | 10x | as long as short |
Show all 31 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Aster MSTRUSDT | +0.035% | +0.0322% | 8h | $1.3M | $5.9M | 50x | as long as short |
| QFEX MSTR-USD | +0.040% | +0.0057% | 1h | $1.3M | $9.2M | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.040% | +0.0107% | 8h | $2.6M | $2.6M | 20x | as long as short |
| Bitget MSTRUSDT | +0.040% | +0.0328% | 8h | $28.9M | $110.8M | 25x | as long as short |
| Variational Omni MSTRshort | +0.045% | +0.0270% | 8h | $1.3M | $2.2M | — | |
| Lighter MSTR | +0.052% | +0.0056% | 1h | $3.6M | $2.9M | 10x | as long as short |
| OKX MSTR-USDT-SWAP | +0.058% | +0.0268% | 8h | $22.2M | $101.6M | 50x | as long as short |
| Binance MSTRUSDT | +0.070% | +0.0319% | 8h | $89.2M | $545.3M | 50x | as long as short |
| edgeX MSTRUSDC | +0.071% | +0.0645% | 4h | $40K | $4.8M | 10x | as long as short |
| RISEx MSTR/USDC | +0.075% | +0.0486% | 1h | $297K | $476K | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.076% | +0.0469% | 1h | $284K | $452K | 10x | as long as short |
| Nado MSTR-PERP | +0.086% | +0.0017% | 1h | $128K | $257K | 3x | as long as short |
| Aevo MSTR-PERP | +0.092% | +0.0104% | 1h | $139 | — | 10x | as long as short |
| Vest MSTR-USD-PERP | +0.094% | +0.0046% | 1h | — | $1.7M | 25x | as long as short |
| ApeX Omni MSTRUSDT | +0.106% | +0.0100% | 1h | $130K | $1.9M | 50x | as long as short |
| tradeXYZ xyz:MSTR | +0.112% | +0.0167% | 1h | $56.8M | $31.5M | 10x | as long as short |
| Bybit MSTRUSDT | +0.112% | +0.0230% | 8h | $15.6M | $43.3M | 50x | as long as short |
| Arcus MSTR-USD | +0.112% | +0.0705% | 1h | $26K | $126K | 10x | as long as short |
| Gate MSTR_USDT | +0.118% | 0.0000% | 8h | $4.9M | $19.1M | 50x | as long as short |
| Polymarket Perps MSTR-USD | +0.118% | +0.0050% | 1h | $404K | $2.2M | 10x | as long as short |
| Phoenix MSTR | +0.220% | +0.0216% | 1h | $54K | $364K | 10x | as long as short |