Spread before costs (cost unknown: a leg has no order-book sample)+0.241%
7d average+0.049%if it closes, per $10,000$24funding while held, a day−$5.13
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | RISEx MSTR/USDC | 166.70 | 0.0486 | pay 0.0061% / 1h | 36m 15s | $304K | $460K | 10x |
| Short | Variational Omni MSTR | 167.10 | 0.0315 | get 0.0315% / 8h | 36m 15s | $1.3M | $2.2M | — |
RISEx MSTR/USDC
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
- $24.06
- Funding while held
- −$5.13
- Slippage, 4 orders
- no order book: not counted
- Fee RISEx: 3 bp × 2 orders
- −$6
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- $12.93
- Spread needed to break even
- 0.060%
Slippage unknown: RISEx: live order book, 14 min ago; Variational Omni: RFQ quote, 4 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0171%
- Per $10,000 a day
- −$5.13
- 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 RISEx live order book, 14 min ago | 2.97 bp | 6.0 bp −$6 | 7.5 bp −$75 | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 4 min ago | 2.96 bp | doesn't fit | 7.3 bp −$73 | doesn't fit | doesn't fit |
MSTR price on every exchange
against the cheapest. Click to use as the short leg.Injective166.35cheapestPhoenix166.36+0.008%Ondo Perps166.42+0.042%Nado166.47+0.074%ApeX Omni166.50+0.090%Paradex166.57+0.129%Pacifica166.62+0.160%Polymarket Perps166.63+0.168%QFEX166.67+0.192%Vest166.68+0.198%KuCoin166.69+0.204%
Injective
Phoenix
Ondo Perps
Nado
ApeX Omni
Paradex
Pacifica
Polymarket Perps
QFEX
Vest
KuCoinRISEx166.70+0.209%
Arcus166.73+0.228%Aster166.74+0.234%Phemex166.74+0.234%Extended166.75+0.239%BloFin166.75+0.240%tradeXYZ166.84+0.295%Gate166.84+0.295%Coinbase International166.86+0.307%Orderly166.87+0.313%Aevo166.90+0.328%Lighter166.93+0.349%Bitget166.93+0.349%SoDEX166.94+0.355%Binance166.94+0.355%OKX166.96+0.367%Deribit167.00+0.391%Bybit167.02+0.403%
Arcus
Aster
Phemex
Extended
BloFin
tradeXYZ
Gate
Coinbase International
Orderly
Aevo
Lighter
Bitget
SoDEX
Binance
OKX
Deribit
BybitVariational Omni167.10+0.450%
edgeX167.13+0.471%MSTR on 31 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective MSTR/USDC PERP | −0.209% | +0.0033% | 1h | $12K | $97K | 30x | as long as short |
| Phoenix MSTR | −0.201% | +0.0216% | 1h | $56K | $364K | 10x | as long as short |
| Ondo Perps MSTR-USD.P | −0.167% | +0.0050% | 1h | $912K | $4.5M | 10x | as long as short |
| Nado MSTR-PERP | −0.135% | +0.0067% | 1h | $128K | $260K | 3x | as long as short |
| ApeX Omni MSTRUSDT | −0.119% | +0.0100% | 1h | $132K | $2.0M | 50x | as long as short |
| Paradex MSTR-USD-PERP | −0.080% | +0.0132% | 8h | $67 | — | 5x | as long as short |
| Pacifica MSTR | −0.049% | +0.0100% | 1h | $102K | $164K | 10x | as long as short |
| Polymarket Perps MSTR-USD | −0.041% | +0.0066% | 1h | $408K | $2.1M | 10x | as long as short |
| QFEX MSTR-USD | −0.017% | +0.0057% | 1h | $1.3M | $9.2M | 10x | as long as short |
| Vest MSTR-USD-PERP | −0.011% | +0.0046% | 1h | — | $1.6M | 25x | as long as short |
Show all 31 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| KuCoin MSTRUSDTM | −0.005% | +0.0169% | 8h | $2.6M | $2.6M | 20x | as long as short |
| RISEx MSTR/USDClong | 0.000% | +0.0486% | 1h | $304K | $460K | 10x | |
| Arcus MSTR-USD | +0.019% | +0.0705% | 1h | $26K | $126K | 10x | as long as short |
| Aster MSTRUSDT | +0.025% | +0.0389% | 8h | $1.3M | $5.9M | 50x | as long as short |
| Phemex MSTRUSDT | +0.025% | 0.0000% | 4h | $2.8M | $36K | 10x | as long as short |
| Extended MSTR_24_5-USD | +0.029% | +0.0112% | 1h | $508K | $2.2M | 10x | as long as short |
| BloFin MSTR-USDT | +0.031% | +0.0498% | 8h | $1.1M | $1.4M | 20x | as long as short |
| tradeXYZ xyz:MSTR | +0.085% | +0.0246% | 1h | $57.1M | $31.5M | 10x | as long as short |
| Gate MSTR_USDT | +0.085% | 0.0000% | 8h | $4.9M | $18.7M | 50x | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.097% | +0.0112% | 1h | $1.5M | $1.2M | 10x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.103% | +0.0100% | 8h | $3K | $13K | 10x | as long as short |
| Aevo MSTR-PERP | +0.118% | +0.0104% | 1h | $139 | — | 10x | as long as short |
| Lighter MSTR | +0.139% | +0.0168% | 1h | $3.6M | $2.9M | 10x | as long as short |
| Bitget MSTRUSDT | +0.139% | +0.0373% | 8h | $29.2M | $110.2M | 25x | as long as short |
| SoDEX MSTR-USD | +0.145% | +0.0050% | 1h | $44K | $3K | 10x | as long as short |
| Binance MSTRUSDT | +0.145% | +0.0376% | 8h | $89.3M | $532.0M | 50x | as long as short |
| OKX MSTR-USDT-SWAP | +0.157% | +0.0321% | 8h | $22.2M | $100.7M | 50x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.181% | +0.0709% | 1h | $284K | $456K | 10x | as long as short |
| Bybit MSTRUSDT | +0.193% | +0.0245% | 8h | $15.6M | $43.4M | 50x | as long as short |
| Variational Omni MSTRshort | +0.241% | +0.0315% | 8h | $1.3M | $2.2M | — | |
| edgeX MSTRUSDC | +0.261% | +0.0953% | 4h | $62K | $4.6M | 10x | as long as short |