Spread before costs (cost unknown: a leg has no order-book sample)+0.178%
7d average−0.064%if it closes, per $10,000$18funding while held, a day+$11.71
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni MSTR | 166.26 | 0.0222 | pay 0.0222% / 8h | 7h 14m | $1.3M | $2.3M | — |
| Short | Arcus MSTR-USD | 166.56 | 0.0612 | get 0.0077% / 1h | 14m 18s | $26K | $128K | 10x |
Variational Omni MSTR
Arcus 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
- $17.79
- Funding while held
- $11.71
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Net
- $25
- Spread needed to break even
- 0.045%
Slippage unknown: Variational Omni: RFQ quote, 1 min ago; Arcus: live order book, 1 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0390%
- Per $10,000 a day
- +$11.71
- 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 Variational Omni RFQ quote, 1 min ago | 2.97 bp | doesn't fit | 16.3 bp −$163 | doesn't fit | doesn't fit |
| Sell Arcus live order book, 1 min ago | 6.61 bp | 8.9 bp −$9 | 32.8 bp −$328 | doesn't fit | doesn't fit |
MSTR price on every exchange
against the cheapest. Click to use as the short leg.Injective165.38cheapestedgeX165.48+0.060%Coinbase International165.97+0.357%Ondo Perps166.06+0.411%ApeX Omni166.11+0.441%BloFin166.24+0.520%
Injective
Coinbase International
Ondo Perps
ApeX Omni
BloFinVariational Omni166.26+0.535%
Phoenix166.30+0.559%Lighter166.43+0.635%Phemex166.43+0.635%Nado166.45+0.648%Pacifica166.46+0.655%Extended166.47+0.659%KuCoin166.48+0.665%QFEX166.49+0.671%SoDEX166.49+0.671%RISEx166.52+0.689%tradeXYZ166.53+0.695%Gate166.53+0.695%Paradex166.55+0.705%Bitget166.55+0.707%Vest166.55+0.707%OKX166.56+0.714%
Phoenix
Lighter
Phemex
Nado
Pacifica
Extended
KuCoin
QFEX
SoDEX
RISEx
tradeXYZ
Gate
Paradex
Bitget
Vest
OKXArcus166.56+0.714%
Polymarket Perps166.56+0.714%Binance166.57+0.719%Aster166.57+0.720%Aevo166.58+0.728%Bybit166.60+0.738%Orderly166.60+0.738%Deribit166.61+0.744%
Polymarket Perps
Binance
Aster
Aevo
Bybit
Orderly
DeribitMSTR on 31 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective MSTR/USDC PERP | −0.532% | +0.0312% | 1h | $12K | $93K | 30x | as long as short |
| edgeX MSTRUSDC | −0.472% | +0.0717% | 4h | $43K | $4.9M | 10x | as long as short |
| Coinbase International MSTR-PERP-INTX | −0.177% | +0.0112% | 1h | $1.5M | $1.1M | 10x | as long as short |
| Ondo Perps MSTR-USD.P | −0.123% | +0.0050% | 1h | $884K | $4.4M | 10x | as long as short |
| ApeX Omni MSTRUSDT | −0.093% | +0.0100% | 1h | $130K | $1.8M | 50x | as long as short |
| BloFin MSTR-USDT | −0.015% | +0.0397% | 8h | $1.1M | $1.4M | 20x | as long as short |
| Variational Omni MSTRlong | 0.000% | +0.0222% | 8h | $1.3M | $2.3M | — | |
| Phoenix MSTR | +0.024% | +0.0226% | 1h | $56K | $380K | 10x | as long as short |
| Lighter MSTR | +0.100% | +0.0032% | 1h | $3.6M | $2.8M | 10x | as long as short |
| Phemex MSTRUSDT | +0.100% | 0.0000% | 4h | $2.8M | $40K | 10x | as long as short |
Show all 31 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Nado MSTR-PERP | +0.113% | +0.0111% | 1h | $125K | $253K | 3x | as long as short |
| Pacifica MSTR | +0.120% | +0.0100% | 1h | $102K | $152K | 10x | as long as short |
| Extended MSTR_24_5-USD | +0.124% | +0.0032% | 1h | $494K | $2.1M | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.130% | +0.0100% | 8h | $2.6M | $2.6M | 20x | as long as short |
| QFEX MSTR-USD | +0.136% | +0.0041% | 1h | $1.3M | $9.4M | 10x | as long as short |
| SoDEX MSTR-USD | +0.136% | +0.0050% | 1h | $44K | $3K | 10x | as long as short |
| RISEx MSTR/USDC | +0.154% | +0.0277% | 1h | $298K | $465K | 10x | as long as short |
| tradeXYZ xyz:MSTR | +0.160% | +0.0148% | 1h | $56.8M | $31.8M | 10x | as long as short |
| Gate MSTR_USDT | +0.160% | 0.0000% | 8h | $4.9M | $19.0M | 50x | as long as short |
| Paradex MSTR-USD-PERP | +0.170% | +0.0096% | 8h | $67 | — | 5x | as long as short |
| Bitget MSTRUSDT | +0.172% | +0.0312% | 8h | $28.8M | $111.1M | 25x | as long as short |
| Vest MSTR-USD-PERP | +0.172% | +0.0046% | 1h | — | $1.8M | 25x | as long as short |
| OKX MSTR-USDT-SWAP | +0.178% | +0.0241% | 8h | $22.5M | $101.0M | 50x | as long as short |
| Arcus MSTR-USDshort | +0.178% | +0.0612% | 1h | $26K | $128K | 10x | |
| Polymarket Perps MSTR-USD | +0.178% | +0.0050% | 1h | $404K | $2.3M | 10x | as long as short |
| Binance MSTRUSDT | +0.183% | +0.0276% | 8h | $90.1M | $558.2M | 50x | as long as short |
| Aster MSTRUSDT | +0.184% | +0.0271% | 8h | $1.3M | $6.0M | 50x | as long as short |
| Aevo MSTR-PERP | +0.193% | +0.0104% | 1h | $138 | — | 10x | as long as short |
| Bybit MSTRUSDT | +0.202% | +0.0381% | 8h | $15.4M | $41.4M | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.202% | +0.0100% | 8h | $3K | $12K | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.208% | +0.0591% | 1h | $283K | $455K | 10x | as long as short |