Spread before costs (cost unknown: a leg has no order-book sample)+0.252%
7d average−0.031%if it closes, per $10,000$25funding while held, a day+$1.09
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni MSTR | 165.91 | 0.0130 | pay 0.0130% / 8h | 5h 41m | $1.2M | $2.4M | — |
| Short | Aster MSTRUSDT | 166.33 | 0.0166 | get 0.0166% / 8h | 5h 41m | $1.3M | $6.1M | 50x |
Variational Omni MSTR
Aster MSTRUSDTPrice 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
- $25.17
- Funding while held
- $1.09
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- $18.26
- Spread needed to break even
- 0.080%
Slippage unknown: Variational Omni: RFQ quote, 4 min ago; Aster: live order book, 4 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0036%
- Per $10,000 a day
- +$1.09
- 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, 4 min ago | 4.25 bp | doesn't fit | 13.6 bp −$136 | doesn't fit | doesn't fit |
| Sell Aster live order book, 4 min ago | 1.51 bp | 7.3 bp −$7 | 10.8 bp −$108 | doesn't fit | doesn't fit |
MSTR price on every exchange
against the cheapest. Click to use as the short leg.Coinbase International164.72cheapestInjective165.62+0.546%Ondo Perps165.90+0.716%
Coinbase International
Injective
Ondo PerpsVariational Omni165.91+0.722%
Phoenix166.03+0.797%Nado166.16+0.876%ApeX Omni166.23+0.917%Extended166.28+0.945%Polymarket Perps166.28+0.947%Orderly166.29+0.953%tradeXYZ166.32+0.971%SoDEX166.32+0.971%Deribit166.32+0.971%edgeX166.32+0.973%Pacifica166.32+0.974%
Phoenix
Nado
ApeX Omni
Extended
Polymarket Perps
Orderly
tradeXYZ
SoDEX
Deribit
PacificaAster166.33+0.975%
OKX166.33+0.977%QFEX166.34+0.983%Gate166.34+0.983%KuCoin166.34+0.983%Bitget166.34+0.983%Phemex166.34+0.983%Aevo166.34+0.986%Lighter166.35+0.990%Binance166.35+0.990%BloFin166.35+0.990%RISEx166.37+1.000%Paradex166.39+1.012%Arcus166.39+1.014%Bybit166.40+1.020%Vest166.44+1.044%
OKX
QFEX
Gate
KuCoin
Bitget
Phemex
Aevo
Lighter
Binance
BloFin
RISEx
Paradex
Arcus
Bybit
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 | −0.717% | +0.0104% | 1h | $1.4M | $1.1M | 10x | as long as short |
| Injective MSTR/USDC PERP | −0.174% | +0.0188% | 1h | $12K | $48K | 30x | as long as short |
| Ondo Perps MSTR-USD.P | −0.006% | +0.0050% | 1h | $775K | $4.7M | 10x | as long as short |
| Variational Omni MSTRlong | 0.000% | +0.0130% | 8h | $1.2M | $2.4M | — | |
| Phoenix MSTR | +0.075% | +0.0237% | 1h | $55K | $384K | 10x | as long as short |
| Nado MSTR-PERP | +0.153% | +0.0086% | 1h | $124K | $241K | 3x | as long as short |
| ApeX Omni MSTRUSDT | +0.193% | +0.0100% | 1h | $4K | $1.4M | 50x | as long as short |
| Extended MSTR_24_5-USD | +0.221% | +0.0032% | 1h | $577K | $2.1M | 10x | as long as short |
| Polymarket Perps MSTR-USD | +0.224% | +0.0050% | 1h | $401K | $2.3M | 10x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.230% | +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 | |
|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:MSTR | +0.248% | +0.0078% | 1h | $56.4M | $33.8M | 10x | as long as short |
| SoDEX MSTR-USD | +0.248% | +0.0050% | 1h | $44K | $3K | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.248% | +0.0472% | 1h | $283K | $487K | 10x | as long as short |
| edgeX MSTRUSDC | +0.249% | +0.0324% | 4h | $45K | $5.2M | 10x | as long as short |
| Pacifica MSTR | +0.250% | +0.0100% | 1h | $102K | $153K | 10x | as long as short |
| Aster MSTRUSDTshort | +0.252% | +0.0166% | 8h | $1.3M | $6.1M | 50x | |
| OKX MSTR-USDT-SWAP | +0.254% | +0.0137% | 8h | $22.1M | $102.2M | 50x | as long as short |
| QFEX MSTR-USD | +0.260% | +0.0065% | 1h | $1.4M | $9.7M | 10x | as long as short |
| Gate MSTR_USDT | +0.260% | 0.0000% | 8h | $4.8M | $18.6M | 50x | as long as short |
| KuCoin MSTRUSDTM | +0.260% | +0.0100% | 8h | $2.6M | $2.7M | 20x | as long as short |
| Bitget MSTRUSDT | +0.260% | +0.0234% | 8h | $28.5M | $113.0M | 25x | as long as short |
| Phemex MSTRUSDT | +0.260% | 0.0000% | 4h | $2.8M | $46K | 10x | as long as short |
| Aevo MSTR-PERP | +0.262% | +0.0104% | 1h | $138 | — | 10x | as long as short |
| Lighter MSTR | +0.266% | +0.0032% | 1h | $3.5M | $2.6M | 10x | as long as short |
| Binance MSTRUSDT | +0.266% | +0.0175% | 8h | $87.8M | $598.2M | 50x | as long as short |
| BloFin MSTR-USDT | +0.266% | +0.0298% | 8h | $1.1M | $1.6M | 20x | as long as short |
| RISEx MSTR/USDC | +0.276% | 0.0000% | 1h | $286K | $474K | 10x | as long as short |
| Paradex MSTR-USD-PERP | +0.288% | +0.0095% | 8h | $67 | — | 5x | as long as short |
| Arcus MSTR-USD | +0.290% | +0.0553% | 1h | $27K | $119K | 10x | as long as short |
| Bybit MSTRUSDT | +0.296% | +0.0281% | 8h | $15.5M | $40.3M | 50x | as long as short |
| Vest MSTR-USD-PERP | +0.320% | +0.0046% | 1h | — | $1.8M | 25x | as long as short |