Spread before costs (cost unknown: a leg has no order-book sample)+0.197%
7d average+0.004%if it closes, per $10,000$20funding while held, a day+$5.86
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni MSTR | 165.68 | 0.0350 | pay 0.0350% / 8h | 1h 32m | $1.3M | $2.1M | — |
| Short | BloFin MSTR-USDT | 166.01 | 0.0545 | get 0.0545% / 8h | 1h 32m | $1.1M | $1.4M | 20x |
Variational Omni MSTR
BloFin MSTR-USDTPrice 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
- $19.65
- Funding while held
- $5.86
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- $13.51
- Spread needed to break even
- 0.120%
Slippage unknown: Variational Omni: RFQ quote, 3 min ago; BloFin: live order book, 2 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0195%
- Per $10,000 a day
- +$5.86
- 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 Variational Omni RFQ quote, 3 min ago | 2.99 bp | doesn't fit | 15.3 bp −$153 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 2 min ago | 0.60 bp | 6.9 bp −$7 | 9.6 bp −$96 | 31.4 bp −$3,140 | doesn't fit |
MSTR price on every exchange
against the cheapest. Click to use as the short leg.Phoenix165.56cheapest
PhoenixVariational Omni165.68+0.078%
Injective165.73+0.105%edgeX165.74+0.110%Ondo Perps165.82+0.159%ApeX Omni165.84+0.172%SoDEX165.90+0.208%Extended165.91+0.212%Coinbase International165.91+0.214%Nado165.94+0.229%Orderly165.94+0.232%Phemex165.95+0.238%Pacifica165.97+0.249%Aevo165.99+0.261%Deribit165.99+0.262%Polymarket Perps166.01+0.274%
Injective
Ondo Perps
ApeX Omni
SoDEX
Extended
Coinbase International
Nado
Orderly
Phemex
Pacifica
Aevo
Deribit
Polymarket PerpsBloFin166.01+0.274%
QFEX166.03+0.286%Gate166.03+0.286%Bitget166.03+0.286%Paradex166.04+0.292%OKX166.05+0.298%Vest166.05+0.298%Binance166.05+0.299%Bybit166.06+0.304%Lighter166.07+0.310%Aster166.09+0.323%tradeXYZ166.10+0.329%Arcus166.14+0.353%RISEx166.14+0.355%KuCoin166.16+0.365%
QFEX
Gate
Bitget
Paradex
OKX
Vest
Binance
Bybit
Lighter
Aster
tradeXYZ
Arcus
RISEx
KuCoinMSTR on 31 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Phoenix MSTR | −0.078% | +0.0320% | 1h | $53K | $334K | 10x | as long as short |
| Variational Omni MSTRlong | 0.000% | +0.0350% | 8h | $1.3M | $2.1M | — | |
| Injective MSTR/USDC PERP | +0.028% | −0.0440% | 1h | $12K | $123K | 30x | as long as short |
| edgeX MSTRUSDC | +0.033% | +0.0481% | 4h | $61K | $4.1M | 10x | as long as short |
| Ondo Perps MSTR-USD.P | +0.082% | +0.0050% | 1h | $840K | $4.3M | 10x | as long as short |
| ApeX Omni MSTRUSDT | +0.094% | +0.0100% | 1h | $132K | $2.4M | 50x | as long as short |
| SoDEX MSTR-USD | +0.130% | +0.0050% | 1h | $44K | $3K | 10x | as long as short |
| Extended MSTR_24_5-USD | +0.135% | +0.0032% | 1h | $493K | $2.2M | 10x | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.136% | +0.0160% | 1h | $1.5M | $1.2M | 10x | as long as short |
| Nado MSTR-PERP | +0.151% | +0.0073% | 1h | $155K | $245K | 3x | as long as short |
Show all 31 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Orderly PERP_MSTR_USDC_mythos | +0.154% | +0.0100% | 8h | $3K | $14K | 10x | as long as short |
| Phemex MSTRUSDT | +0.160% | 0.0000% | 4h | $2.8M | $30K | 10x | as long as short |
| Pacifica MSTR | +0.171% | +0.0100% | 1h | $101K | $176K | 10x | as long as short |
| Aevo MSTR-PERP | +0.183% | +0.0104% | 1h | $138 | — | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.184% | +0.0654% | 1h | $282K | $450K | 10x | as long as short |
| Polymarket Perps MSTR-USD | +0.197% | +0.0050% | 1h | $419K | $1.7M | 10x | as long as short |
| BloFin MSTR-USDTshort | +0.197% | +0.0545% | 8h | $1.1M | $1.4M | 20x | |
| QFEX MSTR-USD | +0.209% | +0.0057% | 1h | $1.3M | $8.9M | 10x | as long as short |
| Gate MSTR_USDT | +0.209% | 0.0000% | 8h | $5.0M | $18.5M | 50x | as long as short |
| Bitget MSTRUSDT | +0.209% | +0.0407% | 8h | $28.7M | $105.8M | 25x | as long as short |
| Paradex MSTR-USD-PERP | +0.215% | +0.0116% | 8h | $66 | — | 5x | as long as short |
| OKX MSTR-USDT-SWAP | +0.221% | +0.0366% | 8h | $21.9M | $96.3M | 50x | as long as short |
| Vest MSTR-USD-PERP | +0.221% | +0.0046% | 1h | — | $1.3M | 25x | as long as short |
| Binance MSTRUSDT | +0.222% | +0.0419% | 8h | $85.8M | $475.4M | 50x | as long as short |
| Bybit MSTRUSDT | +0.227% | +0.0203% | 8h | $15.8M | $41.4M | 50x | as long as short |
| Lighter MSTR | +0.233% | +0.0152% | 1h | $3.5M | $2.9M | 10x | as long as short |
| Aster MSTRUSDT | +0.245% | +0.0450% | 8h | $1.6M | $4.9M | 50x | as long as short |
| tradeXYZ xyz:MSTR | +0.251% | +0.0178% | 1h | $56.7M | $29.7M | 10x | as long as short |
| Arcus MSTR-USD | +0.275% | +0.0991% | 1h | $26K | $123K | 10x | as long as short |
| RISEx MSTR/USDC | +0.277% | +0.0566% | 1h | $193K | $391K | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.287% | +0.0130% | 8h | $3.2M | $2.1M | 20x | as long as short |