Spread before costs (cost unknown: a leg has no order-book sample)−0.033%
7d average−0.015%if it closes, per $10,000$3funding while held, a day+$0.53
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni MSTR | 165.18 | 0.0364 | pay 0.0364% / 8h | 1h 40m | $1.3M | $2.1M | — |
| Short | OKX MSTR-USDT-SWAP | 165.13 | 0.0381 | get 0.0381% / 8h | 1h 40m | $21.5M | $94.7M | 50x |
Variational Omni MSTR
OKX MSTR-USDT-SWAPPrice 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
- −$3.3
- Funding while held
- $0.53
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$12.77
- Spread needed to break even
- 0.100%
Slippage unknown: Variational Omni: RFQ quote, 5 min ago; OKX: live order book, 5 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0018%
- Per $10,000 a day
- +$0.53
- 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, 5 min ago | 4.48 bp | doesn't fit | 13.4 bp −$134 | doesn't fit | doesn't fit |
| Sell OKX live order book, 5 min ago | 0.30 bp | 6.1 bp −$6 | 9.9 bp −$99 | 42.2 bp −$4,216 | doesn't fit |
MSTR price on every exchange
against the cheapest. Click to use as the short leg.Coinbase International164.86cheapestApeX Omni164.95+0.055%Extended165.02+0.099%Phoenix165.08+0.133%Paradex165.12+0.160%
Coinbase International
ApeX Omni
Extended
Phoenix
ParadexOKX165.13+0.164%
Binance165.14+0.170%QFEX165.14+0.170%Aster165.14+0.172%Bybit165.16+0.182%Pacifica165.18+0.194%
Binance
QFEX
Aster
Bybit
PacificaVariational Omni165.18+0.197%
tradeXYZ165.22+0.218%KuCoin165.22+0.218%Phemex165.22+0.218%Gate165.24+0.230%Bitget165.25+0.237%Vest165.26+0.243%BloFin165.26+0.243%Arcus165.27+0.249%Orderly165.27+0.249%Polymarket Perps165.29+0.261%SoDEX165.29+0.261%Lighter165.30+0.267%RISEx165.31+0.271%Nado165.31+0.275%Aevo165.36+0.301%Deribit165.37+0.309%Ondo Perps165.39+0.321%edgeX165.40+0.328%Injective167.52+1.613%
tradeXYZ
KuCoin
Phemex
Gate
Bitget
Vest
BloFin
Arcus
Orderly
Polymarket Perps
SoDEX
Lighter
RISEx
Nado
Aevo
Deribit
Ondo Perps
InjectiveMSTR 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 | −0.196% | +0.0160% | 1h | $1.5M | $1.2M | 10x | as long as short |
| ApeX Omni MSTRUSDT | −0.142% | +0.0100% | 1h | $131K | $2.4M | 50x | as long as short |
| Extended MSTR_24_5-USD | −0.097% | +0.0032% | 1h | $489K | $2.2M | 10x | as long as short |
| Phoenix MSTR | −0.064% | +0.0320% | 1h | $54K | $334K | 10x | as long as short |
| Paradex MSTR-USD-PERP | −0.037% | +0.0119% | 8h | $66 | — | 5x | as long as short |
| OKX MSTR-USDT-SWAPshort | −0.033% | +0.0381% | 8h | $21.5M | $94.7M | 50x | |
| Binance MSTRUSDT | −0.027% | +0.0432% | 8h | $85.6M | $470.9M | 50x | as long as short |
| QFEX MSTR-USD | −0.027% | +0.0057% | 1h | $1.3M | $8.9M | 10x | as long as short |
| Aster MSTRUSDT | −0.025% | +0.0464% | 8h | $1.7M | $4.9M | 50x | as long as short |
| Bybit MSTRUSDT | −0.015% | +0.0207% | 8h | $15.7M | $41.6M | 50x | as long as short |
Show all 31 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Pacifica MSTR | −0.003% | +0.0100% | 1h | $101K | $176K | 10x | as long as short |
| Variational Omni MSTRlong | 0.000% | +0.0364% | 8h | $1.3M | $2.1M | — | |
| tradeXYZ xyz:MSTR | +0.021% | +0.0168% | 1h | $56.1M | $29.4M | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.021% | +0.0117% | 8h | $3.2M | $2.1M | 20x | as long as short |
| Phemex MSTRUSDT | +0.021% | 0.0000% | 4h | $2.8M | $30K | 10x | as long as short |
| Gate MSTR_USDT | +0.034% | 0.0000% | 8h | $5.0M | $18.4M | 50x | as long as short |
| Bitget MSTRUSDT | +0.040% | +0.0422% | 8h | $28.8M | $104.9M | 25x | as long as short |
| Vest MSTR-USD-PERP | +0.046% | +0.0046% | 1h | — | $1.3M | 25x | as long as short |
| BloFin MSTR-USDT | +0.046% | +0.0566% | 8h | $1.1M | $1.4M | 20x | as long as short |
| Arcus MSTR-USD | +0.052% | +0.0991% | 1h | $26K | $123K | 10x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.052% | +0.0100% | 8h | $3K | $14K | 10x | as long as short |
| Polymarket Perps MSTR-USD | +0.064% | +0.0050% | 1h | $418K | $1.6M | 10x | as long as short |
| SoDEX MSTR-USD | +0.064% | +0.0050% | 1h | $43K | $3K | 10x | as long as short |
| Lighter MSTR | +0.070% | +0.0144% | 1h | $3.5M | $2.9M | 10x | as long as short |
| RISEx MSTR/USDC | +0.074% | +0.0566% | 1h | $192K | $391K | 10x | as long as short |
| Nado MSTR-PERP | +0.078% | +0.0061% | 1h | $154K | $251K | 3x | as long as short |
| Aevo MSTR-PERP | +0.104% | +0.0104% | 1h | $137 | — | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.112% | +0.0476% | 1h | $281K | $452K | 10x | as long as short |
| Ondo Perps MSTR-USD.P | +0.124% | +0.0050% | 1h | $838K | $4.3M | 10x | as long as short |
| edgeX MSTRUSDC | +0.131% | +0.0314% | 4h | $61K | $4.1M | 10x | as long as short |
| Injective MSTR/USDC PERP | +1.414% | −0.0440% | 1h | $12K | $103K | 30x | as long as short |