After costs, if the gap returns to its 7d average, $10k−$96
spread now+0.078%7d average+0.008%fees + slippage, in and out−$103spread needed1.035%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | ApeX Omni MSTRUSDT | 166.53 | 0.0100 | pay 0.0013% / 1h | 2m 31s | $130K | $1.9M | 50x |
| Short | Bitget MSTRUSDT | 166.66 | 0.0323 | get 0.0323% / 8h | 2m 31s | $28.9M | $111.0M | 25x |
ApeX Omni MSTRUSDT
Bitget 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
- $7.81
- Funding while held
- $6.69
- Slippage, 4 orders
- −$81.46
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$88.96
- Spread needed to break even
- 1.035%
Slippage from ApeX Omni: live order book, 3 min ago; Bitget: live order book, 3 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0223%
- Per $10,000 a day
- +$6.69
- 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 ApeX Omni live order book, 3 min ago | 3.90 bp | 53.5 bp −$53 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 3 min ago | 0.30 bp | 8.9 bp −$9 | 14.1 bp −$141 | 26.1 bp −$2,606 | doesn't fit |
MSTR price on every exchange
against the cheapest. Click to use as the short leg.Nado166.38cheapestVest166.47+0.052%Extended166.48+0.058%Ondo Perps166.50+0.070%Polymarket Perps166.50+0.070%Injective166.50+0.070%QFEX166.53+0.088%
Nado
Vest
Extended
Ondo Perps
Polymarket Perps
Injective
QFEXApeX Omni166.53+0.088%
Binance166.54+0.094%Gate166.55+0.100%Bybit166.57+0.112%KuCoin166.59+0.124%OKX166.60+0.130%Lighter166.61+0.136%Paradex166.62+0.140%tradeXYZ166.62+0.142%SoDEX166.62+0.142%Pacifica166.62+0.144%Aster166.63+0.147%Arcus166.63+0.148%RISEx166.63+0.151%
Binance
Gate
Bybit
KuCoin
OKX
Lighter
Paradex
tradeXYZ
SoDEX
Pacifica
Aster
Arcus
RISExBitget166.66+0.166%
Orderly166.67+0.172%Phemex166.71+0.196%Phoenix166.73+0.206%Aevo166.75+0.217%edgeX166.75+0.219%Coinbase International166.80+0.250%BloFin166.82+0.262%Deribit166.90+0.310%Variational Omni166.93+0.327%
Orderly
Phemex
Phoenix
Aevo
Coinbase International
BloFin
Deribit
Variational OmniMSTR on 31 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Nado MSTR-PERP | −0.088% | +0.0014% | 1h | $128K | $256K | 3x | as long as short |
| Vest MSTR-USD-PERP | −0.036% | +0.0046% | 1h | — | $1.7M | 25x | as long as short |
| Extended MSTR_24_5-USD | −0.030% | +0.0032% | 1h | $502K | $2.2M | 10x | as long as short |
| Ondo Perps MSTR-USD.P | −0.018% | +0.0050% | 1h | $845K | $4.6M | 10x | as long as short |
| Polymarket Perps MSTR-USD | −0.018% | +0.0050% | 1h | $403K | $2.2M | 10x | as long as short |
| Injective MSTR/USDC PERP | −0.018% | +0.0033% | 1h | $12K | $97K | 30x | as long as short |
| QFEX MSTR-USD | 0.000% | +0.0057% | 1h | $1.3M | $9.2M | 10x | as long as short |
| ApeX Omni MSTRUSDTlong | 0.000% | +0.0100% | 1h | $130K | $1.9M | 50x | |
| Binance MSTRUSDT | +0.006% | +0.0312% | 8h | $88.9M | $552.6M | 50x | as long as short |
| Gate MSTR_USDT | +0.012% | 0.0000% | 8h | $4.9M | $19.2M | 50x | as long as short |
Show all 31 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Bybit MSTRUSDT | +0.024% | +0.0231% | 8h | $15.5M | $43.3M | 50x | as long as short |
| KuCoin MSTRUSDTM | +0.036% | +0.0102% | 8h | $2.6M | $2.6M | 20x | as long as short |
| OKX MSTR-USDT-SWAP | +0.042% | +0.0268% | 8h | $22.3M | $101.6M | 50x | as long as short |
| Lighter MSTR | +0.048% | +0.0056% | 1h | $3.6M | $3.0M | 10x | as long as short |
| Paradex MSTR-USD-PERP | +0.052% | +0.0099% | 8h | $67 | — | 5x | as long as short |
| tradeXYZ xyz:MSTR | +0.054% | +0.0167% | 1h | $56.8M | $31.6M | 10x | as long as short |
| SoDEX MSTR-USD | +0.054% | +0.0050% | 1h | $44K | $3K | 10x | as long as short |
| Pacifica MSTR | +0.056% | +0.0100% | 1h | $102K | $153K | 10x | as long as short |
| Aster MSTRUSDT | +0.060% | +0.0312% | 8h | $1.3M | $6.0M | 50x | as long as short |
| Arcus MSTR-USD | +0.060% | +0.0705% | 1h | $26K | $126K | 10x | as long as short |
| RISEx MSTR/USDC | +0.063% | +0.0486% | 1h | $293K | $478K | 10x | as long as short |
| Bitget MSTRUSDTshort | +0.078% | +0.0323% | 8h | $28.9M | $111.0M | 25x | |
| Orderly PERP_MSTR_USDC_mythos | +0.084% | +0.0100% | 8h | $3K | $12K | 10x | as long as short |
| Phemex MSTRUSDT | +0.108% | 0.0000% | 4h | $2.8M | $37K | 10x | as long as short |
| Phoenix MSTR | +0.118% | +0.0216% | 1h | $54K | $364K | 10x | as long as short |
| Aevo MSTR-PERP | +0.130% | +0.0104% | 1h | $138 | — | 10x | as long as short |
| edgeX MSTRUSDC | +0.131% | +0.0023% | 4h | $37K | $4.8M | 10x | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.162% | +0.0112% | 1h | $1.5M | $1.2M | 10x | as long as short |
| BloFin MSTR-USDT | +0.174% | +0.0432% | 8h | $1.1M | $1.4M | 20x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.222% | +0.0950% | 1h | $284K | $453K | 10x | as long as short |
| Variational Omni MSTR | +0.239% | +0.0256% | 8h | $1.3M | $2.2M | — | as long as short |