After costs, if the gap returns to its 7d average, $10k−$82
spread now−0.152%7d average+0.016%fees + slippage, in and out−$65spread needed0.651%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps MSTR-USD | 166.27 | 0.0050 | pay 0.0006% / 1h | 41m 33s | $410K | $2.3M | 10x |
| Short | Nado MSTR-PERP | 166.02 | 0.0145 | get 0.0018% / 1h | 41m 33s | $125K | $257K | 3x |
Polymarket Perps MSTR-USD
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
- −$15.24
- Funding while held
- $2.86
- Slippage, 4 orders
- −$50.11
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- −$77.49
- Spread needed to break even
- 0.651%
Slippage from Polymarket Perps: live order book, 4 min ago; Nado: live order book, 2 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0095%
- Per $10,000 a day
- +$2.86
- 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 Polymarket Perps live order book, 4 min ago | 2.71 bp | 8.9 bp −$9 | 10.8 bp −$108 | 69.3 bp −$6,935 | doesn't fit |
| Sell Nado live order book, 2 min ago | 7.22 bp | 27.1 bp −$27 | 84.5 bp −$845 | doesn't fit | doesn't fit |
MSTR price on every exchange
against the cheapest. Click to use as the short leg.Phoenix165.76cheapestOndo Perps165.80+0.025%Extended165.95+0.118%Aster165.99+0.137%tradeXYZ165.99+0.139%Pacifica165.99+0.141%
Phoenix
Ondo Perps
Extended
Aster
tradeXYZ
PacificaNado166.02+0.155%
Paradex166.05+0.173%KuCoin166.05+0.176%Lighter166.06+0.182%Gate166.06+0.182%Bitget166.06+0.182%Vest166.07+0.188%BloFin166.07+0.188%Variational Omni166.07+0.188%Bybit166.08+0.194%SoDEX166.11+0.212%OKX166.12+0.218%Phemex166.15+0.236%RISEx166.16+0.244%QFEX166.17+0.248%ApeX Omni166.17+0.248%Aevo166.17+0.250%Deribit166.18+0.254%Binance166.18+0.256%Orderly166.19+0.260%edgeX166.24+0.291%
Paradex
KuCoin
Lighter
Gate
Bitget
Vest
BloFin
Variational Omni
Bybit
SoDEX
OKX
Phemex
RISEx
QFEX
ApeX Omni
Aevo
Deribit
Binance
OrderlyPolymarket Perps166.27+0.308%
Coinbase International166.32+0.338%Arcus166.33+0.344%Injective166.56+0.483%
Coinbase International
Arcus
InjectiveMSTR on 31 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Phoenix MSTR | −0.307% | +0.0226% | 1h | $53K | $380K | 10x | as long as short |
| Ondo Perps MSTR-USD.P | −0.283% | +0.0050% | 1h | $884K | $4.4M | 10x | as long as short |
| Extended MSTR_24_5-USD | −0.190% | +0.0032% | 1h | $499K | $2.2M | 10x | as long as short |
| Aster MSTRUSDT | −0.171% | +0.0304% | 8h | $1.3M | $6.0M | 50x | as long as short |
| tradeXYZ xyz:MSTR | −0.168% | +0.0178% | 1h | $56.7M | $31.4M | 10x | as long as short |
| Pacifica MSTR | −0.167% | +0.0100% | 1h | $101K | $153K | 10x | as long as short |
| Nado MSTR-PERPshort | −0.152% | +0.0145% | 1h | $125K | $257K | 3x | |
| Paradex MSTR-USD-PERP | −0.135% | +0.0113% | 8h | $66 | — | 5x | as long as short |
| KuCoin MSTRUSDTM | −0.132% | +0.0100% | 8h | $2.5M | $2.6M | 20x | as long as short |
| Lighter MSTR | −0.126% | +0.0056% | 1h | $3.6M | $2.8M | 10x | as long as short |
Show all 31 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Gate MSTR_USDT | −0.126% | 0.0000% | 8h | $4.8M | $18.7M | 50x | as long as short |
| Bitget MSTRUSDT | −0.126% | +0.0324% | 8h | $29.0M | $111.1M | 25x | as long as short |
| Vest MSTR-USD-PERP | −0.120% | +0.0046% | 1h | — | $1.7M | 25x | as long as short |
| BloFin MSTR-USDT | −0.120% | +0.0430% | 8h | $1.1M | $1.4M | 20x | as long as short |
| Variational Omni MSTR | −0.120% | +0.0251% | 8h | $1.2M | $2.2M | — | as long as short |
| Bybit MSTRUSDT | −0.114% | +0.0470% | 8h | $15.4M | $42.0M | 50x | as long as short |
| SoDEX MSTR-USD | −0.096% | +0.0050% | 1h | $44K | $3K | 10x | as long as short |
| OKX MSTR-USDT-SWAP | −0.090% | +0.0272% | 8h | $22.3M | $100.9M | 50x | as long as short |
| Phemex MSTRUSDT | −0.072% | 0.0000% | 4h | $2.8M | $39K | 10x | as long as short |
| RISEx MSTR/USDC | −0.065% | +0.0277% | 1h | $292K | $477K | 10x | as long as short |
| QFEX MSTR-USD | −0.060% | +0.0041% | 1h | $1.3M | $9.3M | 10x | as long as short |
| ApeX Omni MSTRUSDT | −0.060% | +0.0100% | 1h | $130K | $1.9M | 50x | as long as short |
| Aevo MSTR-PERP | −0.058% | +0.0104% | 1h | $138 | — | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | −0.054% | +0.0895% | 1h | $282K | $454K | 10x | as long as short |
| Binance MSTRUSDT | −0.053% | +0.0312% | 8h | $89.5M | $555.2M | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | −0.048% | +0.0100% | 8h | $3K | $12K | 10x | as long as short |
| edgeX MSTRUSDC | −0.018% | +0.0144% | 4h | $44K | $4.9M | 10x | as long as short |
| Polymarket Perps MSTR-USDlong | 0.000% | +0.0050% | 1h | $410K | $2.3M | 10x | |
| Coinbase International MSTR-PERP-INTX | +0.030% | +0.0112% | 1h | $1.5M | $1.2M | 10x | as long as short |
| Arcus MSTR-USD | +0.036% | +0.0612% | 1h | $26K | $126K | 10x | as long as short |
| Injective MSTR/USDC PERP | +0.174% | +0.0312% | 1h | $12K | $93K | 30x | as long as short |