Spread before costs (cost unknown: a leg has no order-book sample)−0.156%
7d average−0.071%if it closes, per $10,000$16funding while held, a day−$2.75
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni MSTR | 165.95 | 0.0133 | pay 0.0133% / 8h | 6h 13m | $1.2M | $2.3M | — |
| Short | QFEX MSTR-USD | 165.69 | 0.0041 | get 0.0005% / 1h | 13m 35s | $1.4M | $9.6M | 10x |
Variational Omni MSTR
QFEX MSTR-USDPrice 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
- −$15.61
- Funding while held
- −$2.75
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$28.37
- Spread needed to break even
- 0.100%
Slippage unknown: Variational Omni: RFQ quote, 2 min ago; QFEX: live order book, 7 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0092%
- Per $10,000 a day
- −$2.75
- 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 | 2.98 bp | doesn't fit | 11.4 bp −$114 | doesn't fit | doesn't fit |
| Sell QFEX live order book, 7 min ago | 1.81 bp | 6.8 bp −$7 | 6.8 bp −$68 | 10.5 bp −$1,051 | doesn't fit |
MSTR price on every exchange
against the cheapest. Click to use as the short leg.Extended165.50cheapestCoinbase International165.53+0.018%tradeXYZ165.58+0.048%Nado165.58+0.049%KuCoin165.60+0.060%Lighter165.62+0.073%Paradex165.63+0.077%Bitget165.63+0.079%Gate165.64+0.085%ApeX Omni165.65+0.091%Pacifica165.66+0.095%RISEx165.66+0.097%OKX165.66+0.097%Aster165.67+0.103%Binance165.67+0.103%Bybit165.69+0.115%Ondo Perps165.69+0.115%
Extended
Coinbase International
tradeXYZ
Nado
KuCoin
Lighter
Paradex
Bitget
Gate
ApeX Omni
Pacifica
RISEx
OKX
Aster
Binance
Bybit
Ondo PerpsQFEX165.69+0.115%
SoDEX165.70+0.121%Phemex165.71+0.127%Vest165.72+0.133%Arcus165.74+0.145%Deribit165.74+0.145%Polymarket Perps165.75+0.151%Orderly165.76+0.157%Aevo165.76+0.157%Injective165.77+0.163%edgeX165.81+0.190%BloFin165.82+0.193%Phoenix165.89+0.233%
SoDEX
Phemex
Vest
Arcus
Deribit
Polymarket Perps
Orderly
Aevo
Injective
BloFin
PhoenixVariational Omni165.95+0.271%
MSTR on 31 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Extended MSTR_24_5-USD | −0.271% | +0.0032% | 1h | $574K | $2.1M | 10x | as long as short |
| Coinbase International MSTR-PERP-INTX | −0.253% | +0.0112% | 1h | $1.5M | $1.1M | 10x | as long as short |
| tradeXYZ xyz:MSTR | −0.222% | +0.0103% | 1h | $56.1M | $32.7M | 10x | as long as short |
| Nado MSTR-PERP | −0.221% | +0.0029% | 1h | $124K | $243K | 3x | as long as short |
| KuCoin MSTRUSDTM | −0.210% | +0.0100% | 8h | $2.5M | $2.6M | 20x | as long as short |
| Lighter MSTR | −0.198% | +0.0032% | 1h | $3.5M | $2.6M | 10x | as long as short |
| Paradex MSTR-USD-PERP | −0.194% | +0.0091% | 8h | $66 | — | 5x | as long as short |
| Bitget MSTRUSDT | −0.192% | +0.0239% | 8h | $28.5M | $112.5M | 25x | as long as short |
| Gate MSTR_USDT | −0.186% | 0.0000% | 8h | $4.8M | $18.8M | 50x | as long as short |
| ApeX Omni MSTRUSDT | −0.180% | +0.0100% | 1h | $4K | $1.4M | 50x | as long as short |
Show all 31 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Pacifica MSTR | −0.176% | +0.0100% | 1h | $101K | $153K | 10x | as long as short |
| RISEx MSTR/USDC | −0.174% | +0.0017% | 1h | $285K | $465K | 10x | as long as short |
| OKX MSTR-USDT-SWAP | −0.174% | +0.0163% | 8h | $22.2M | $102.1M | 50x | as long as short |
| Aster MSTRUSDT | −0.168% | +0.0186% | 8h | $1.3M | $6.1M | 50x | as long as short |
| Binance MSTRUSDT | −0.168% | +0.0194% | 8h | $88.2M | $588.6M | 50x | as long as short |
| Bybit MSTRUSDT | −0.156% | +0.0206% | 8h | $15.4M | $41.8M | 50x | as long as short |
| Ondo Perps MSTR-USD.P | −0.156% | +0.0050% | 1h | $778K | $4.7M | 10x | as long as short |
| QFEX MSTR-USDshort | −0.156% | +0.0041% | 1h | $1.4M | $9.6M | 10x | |
| SoDEX MSTR-USD | −0.150% | +0.0050% | 1h | $44K | $3K | 10x | as long as short |
| Phemex MSTRUSDT | −0.144% | 0.0000% | 4h | $2.8M | $44K | 10x | as long as short |
| Vest MSTR-USD-PERP | −0.138% | +0.0046% | 1h | — | $1.8M | 25x | as long as short |
| Arcus MSTR-USD | −0.126% | +0.0599% | 1h | $27K | $119K | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | −0.126% | +0.0535% | 1h | $283K | $485K | 10x | as long as short |
| Polymarket Perps MSTR-USD | −0.120% | +0.0050% | 1h | $402K | $2.3M | 10x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | −0.114% | +0.0100% | 8h | $3K | $12K | 10x | as long as short |
| Aevo MSTR-PERP | −0.114% | +0.0104% | 1h | $138 | — | 10x | as long as short |
| Injective MSTR/USDC PERP | −0.108% | +0.0249% | 1h | $12K | $68K | 30x | as long as short |
| edgeX MSTRUSDC | −0.081% | +0.0288% | 4h | $50K | $5.2M | 10x | as long as short |
| BloFin MSTR-USDT | −0.078% | +0.0314% | 8h | $1.1M | $1.5M | 20x | as long as short |
| Phoenix MSTR | −0.038% | +0.0215% | 1h | $54K | $388K | 10x | as long as short |
| Variational Omni MSTRlong | 0.000% | +0.0133% | 8h | $1.2M | $2.3M | — |