Spread before costs (cost unknown: a leg has no order-book sample)−0.058%
7d average−0.027%if it closes, per $10,000$6funding while held, a day−$2.67
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni MSTR | 166.51 | 0.0241 | pay 0.0241% / 8h | 7h 46m | $1.3M | $2.2M | — |
| Short | Nado MSTR-PERP | 166.41 | 0.0152 | get 0.0019% / 1h | 46m 51s | $125K | $257K | 3x |
Variational Omni MSTR
Nado MSTR-PERPPrice 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
- −$5.83
- Funding while held
- −$2.67
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- −$15.5
- Spread needed to break even
- 0.070%
Slippage unknown: Variational Omni: RFQ quote, 4 min ago; Nado: live order book, 62 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0089%
- Per $10,000 a day
- −$2.67
- 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 | 2.95 bp | doesn't fit | 13.5 bp −$135 | doesn't fit | doesn't fit |
| Sell Nado live order book, 62 min ago | 5.97 bp | 24.8 bp −$25 | 65.7 bp −$657 | doesn't fit | doesn't fit |
MSTR price on every exchange
against the cheapest. Click to use as the short leg.tradeXYZ165.88cheapestExtended165.90+0.014%Bitget165.92+0.024%OKX165.96+0.048%Bybit165.97+0.054%Gate165.97+0.054%Binance166.00+0.072%KuCoin166.02+0.084%Aster166.19+0.188%Lighter166.30+0.253%Vest166.30+0.253%Polymarket Perps166.30+0.253%SoDEX166.32+0.265%Coinbase International166.32+0.265%Phemex166.35+0.283%BloFin166.35+0.283%Deribit166.36+0.289%ApeX Omni166.37+0.295%Pacifica166.38+0.299%RISEx166.38+0.301%Paradex166.39+0.305%Aevo166.40+0.312%Orderly166.40+0.313%
tradeXYZ
Extended
Bitget
OKX
Bybit
Gate
Binance
KuCoin
Aster
Lighter
Vest
Polymarket Perps
SoDEX
Coinbase International
Phemex
BloFin
Deribit
ApeX Omni
Pacifica
RISEx
Paradex
Aevo
OrderlyNado166.41+0.321%
Ondo Perps166.43+0.332%QFEX166.43+0.332%Phoenix166.49+0.365%
Ondo Perps
QFEX
PhoenixVariational Omni166.51+0.379%
edgeX166.52+0.387%Injective166.56+0.410%Arcus166.65+0.464%
Injective
ArcusMSTR on 31 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:MSTR | −0.378% | +0.0171% | 1h | $56.7M | $31.3M | 10x | as long as short |
| Extended MSTR_24_5-USD | −0.364% | +0.0032% | 1h | $499K | $2.2M | 10x | as long as short |
| Bitget MSTRUSDT | −0.354% | +0.0322% | 8h | $28.9M | $111.0M | 25x | as long as short |
| OKX MSTR-USDT-SWAP | −0.330% | +0.0271% | 8h | $22.3M | $101.0M | 50x | as long as short |
| Bybit MSTRUSDT | −0.324% | +0.0472% | 8h | $15.5M | $43.1M | 50x | as long as short |
| Gate MSTR_USDT | −0.324% | 0.0000% | 8h | $4.8M | $18.7M | 50x | as long as short |
| Binance MSTRUSDT | −0.306% | +0.0313% | 8h | $89.4M | $555.2M | 50x | as long as short |
| KuCoin MSTRUSDTM | −0.294% | +0.0100% | 8h | $2.5M | $2.6M | 20x | as long as short |
| Aster MSTRUSDT | −0.191% | +0.0307% | 8h | $1.3M | $6.0M | 50x | as long as short |
| Lighter MSTR | −0.126% | +0.0080% | 1h | $3.6M | $2.8M | 10x | as long as short |