Spread before costs (cost unknown: a leg has no order-book sample)+0.130%
7d average−0.023%if it closes, per $10,000$13funding while held, a day−$4.48
| 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 33m | $1.3M | $2.1M | — |
| Short | Bybit MSTRUSDT | 165.90 | 0.0200 | get 0.0200% / 8h | 1h 33m | $15.8M | $41.4M | 50x |
Variational Omni MSTR
Bybit 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
- $13.01
- Funding while held
- −$4.48
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$2.47
- Spread needed to break even
- 0.110%
Slippage unknown: Variational Omni: RFQ quote, 2 min ago; Bybit: live order book, 2 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0149%
- Per $10,000 a day
- −$4.48
- 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, 2 min ago | 2.99 bp | doesn't fit | 15.3 bp −$153 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 2 min ago | 1.51 bp | 9.8 bp −$10 | 17.2 bp −$172 | 72.5 bp −$7,249 | doesn't fit |
MSTR price on every exchange
against the cheapest. Click to use as the short leg.Coinbase International164.86cheapestInjective165.09+0.140%edgeX165.32+0.277%ApeX Omni165.44+0.352%Phoenix165.56+0.422%Ondo Perps165.68+0.497%
Coinbase International
Injective
ApeX Omni
Phoenix
Ondo PerpsVariational Omni165.68+0.500%
SoDEX165.74+0.534%Pacifica165.75+0.542%Extended165.77+0.552%Orderly165.78+0.558%Phemex165.79+0.564%Aevo165.81+0.574%Deribit165.81+0.576%Lighter165.82+0.582%QFEX165.82+0.582%Paradex165.83+0.586%Gate165.84+0.594%Nado165.84+0.595%BloFin165.87+0.613%Binance165.90+0.631%
SoDEX
Pacifica
Extended
Orderly
Phemex
Aevo
Deribit
Lighter
QFEX
Paradex
Gate
Nado
BloFin
BinanceBybit165.90+0.631%
Arcus165.92+0.643%Vest165.93+0.649%Aster165.95+0.661%OKX165.96+0.667%Bitget165.96+0.667%RISEx165.97+0.671%Polymarket Perps165.98+0.679%tradeXYZ165.99+0.685%KuCoin166.02+0.704%
Arcus
Vest
Aster
OKX
Bitget
RISEx
Polymarket Perps
tradeXYZ
KuCoinMSTR 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 | −0.498% | +0.0160% | 1h | $1.5M | $1.2M | 10x | as long as short |
| Injective MSTR/USDC PERP | −0.359% | −0.0440% | 1h | $12K | $103K | 30x | as long as short |
| edgeX MSTRUSDC | −0.222% | +0.0293% | 4h | $61K | $4.1M | 10x | as long as short |
| ApeX Omni MSTRUSDT | −0.148% | +0.0100% | 1h | $131K | $2.4M | 50x | as long as short |
| Phoenix MSTR | −0.078% | +0.0320% | 1h | $54K | $334K | 10x | as long as short |
| Ondo Perps MSTR-USD.P | −0.003% | +0.0050% | 1h | $840K | $4.3M | 10x | as long as short |
| Variational Omni MSTRlong | 0.000% | +0.0350% | 8h | $1.3M | $2.1M | — | |
| SoDEX MSTR-USD | +0.034% | +0.0050% | 1h | $44K | $3K | 10x | as long as short |
| Pacifica MSTR | +0.041% | +0.0100% | 1h | $101K | $176K | 10x | as long as short |
| Extended MSTR_24_5-USD | +0.052% | +0.0032% | 1h | $493K | $2.2M | 10x | 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 | +0.058% | +0.0100% | 8h | $3K | $14K | 10x | as long as short |
| Phemex MSTRUSDT | +0.064% | 0.0000% | 4h | $2.8M | $30K | 10x | as long as short |
| Aevo MSTR-PERP | +0.074% | +0.0104% | 1h | $138 | — | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.076% | +0.0595% | 1h | $282K | $450K | 10x | as long as short |
| Lighter MSTR | +0.082% | +0.0152% | 1h | $3.5M | $2.9M | 10x | as long as short |
| QFEX MSTR-USD | +0.082% | +0.0057% | 1h | $1.3M | $8.9M | 10x | as long as short |
| Paradex MSTR-USD-PERP | +0.086% | +0.0115% | 8h | $66 | — | 5x | as long as short |
| Gate MSTR_USDT | +0.094% | 0.0000% | 8h | $5.0M | $18.5M | 50x | as long as short |
| Nado MSTR-PERP | +0.095% | +0.0065% | 1h | $155K | $245K | 3x | as long as short |
| BloFin MSTR-USDT | +0.112% | +0.0549% | 8h | $1.1M | $1.4M | 20x | as long as short |
| Binance MSTRUSDT | +0.130% | +0.0420% | 8h | $85.7M | $474.7M | 50x | as long as short |
| Bybit MSTRUSDTshort | +0.130% | +0.0200% | 8h | $15.8M | $41.4M | 50x | |
| Arcus MSTR-USD | +0.142% | +0.0991% | 1h | $26K | $123K | 10x | as long as short |
| Vest MSTR-USD-PERP | +0.148% | +0.0046% | 1h | — | $1.3M | 25x | as long as short |
| Aster MSTRUSDT | +0.160% | +0.0452% | 8h | $1.6M | $4.9M | 50x | as long as short |
| OKX MSTR-USDT-SWAP | +0.166% | +0.0369% | 8h | $21.7M | $95.9M | 50x | as long as short |
| Bitget MSTRUSDT | +0.166% | +0.0410% | 8h | $28.7M | $105.6M | 25x | as long as short |
| RISEx MSTR/USDC | +0.170% | +0.0566% | 1h | $193K | $391K | 10x | as long as short |
| Polymarket Perps MSTR-USD | +0.178% | +0.0050% | 1h | $419K | $1.7M | 10x | as long as short |
| tradeXYZ xyz:MSTR | +0.184% | +0.0170% | 1h | $56.6M | $29.7M | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.203% | +0.0123% | 8h | $3.2M | $2.1M | 20x | as long as short |