data as of
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Price arb /

MSTR

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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

After costs, if the gap returns to its 7d average, $10k−$80
spread now+0.351%7d average+0.014%fees + slippage, in and out−$114spread needed1.139%
Long on ApeX OmniShort on BloFin
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni MSTRUSDT165.230.0100pay 0.0013% / 1h50m 11s$4K$1.4M50x
ShortBloFin MSTR-USDT165.810.0308get 0.0308% / 8h5h 50m$1.1M$1.6M20x

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
$35.1
Funding while held
$6.24
Slippage, 4 orders
−$91.9
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$72.56
Spread needed to break even
1.139%
Slippage from ApeX Omni: live order book, just now; BloFin: live order book, 4 min ago.

Cost of waiting

funding view
Funding /8h
+0.0208%
Per $10,000 a day
+$6.24
Average in range /8h
—

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy ApeX Omni live order book, just now3.92 bp56.1 bp −$56doesn't fitdoesn't fitdoesn't fit
Sell BloFin live order book, 4 min ago0.30 bp8.2 bp −$811.2 bp −$11225.1 bp −$2,506doesn't fit

MSTR price on every exchange

against the cheapest. Click to use as the short leg.
Coinbase International164.72cheapest
ApeX Omni165.23+0.310%
Ondo Perps165.62+0.546%Injective165.62+0.546%Pacifica165.65+0.562%Paradex165.70+0.596%Aster165.75+0.622%QFEX165.78+0.644%RISEx165.78+0.647%KuCoin165.81+0.662%Polymarket Perps165.81+0.662%
BloFin165.81+0.662%
Extended165.81+0.664%Arcus165.82+0.668%SoDEX165.82+0.668%tradeXYZ165.84+0.680%Orderly165.84+0.680%Bitget165.85+0.686%Phemex165.85+0.686%Nado165.87+0.696%Lighter165.87+0.698%Aevo165.87+0.699%Gate165.88+0.704%Binance165.90+0.715%Bybit165.90+0.716%OKX165.90+0.716%Vest165.91+0.722%Deribit165.91+0.722%edgeX165.92+0.731%Phoenix165.97+0.759%Variational Omni166.02+0.789%

MSTR on 31 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Coinbase International MSTR-PERP-INTX−0.309%+0.0104%1h$1.4M$1.1M10xas long as short
ApeX Omni MSTRUSDTlong0.000%+0.0100%1h$4K$1.4M50x
Ondo Perps MSTR-USD.P+0.236%+0.0050%1h$779K$4.7M10xas long as short
Injective MSTR/USDC PERP+0.236%+0.0188%1h$12K$48K30xas long as short
Pacifica MSTR+0.251%+0.0100%1h$101K$153K10xas long as short
Paradex MSTR-USD-PERP+0.285%+0.0104%8h$66—5xas long as short
Aster MSTRUSDT+0.312%+0.0176%8h$1.3M$6.1M50xas long as short
QFEX MSTR-USD+0.333%+0.0065%1h$1.4M$9.7M10xas long as short
RISEx MSTR/USDC+0.336%0.0000%1h$295K$469K10xas long as short
KuCoin MSTRUSDTM+0.351%+0.0100%8h$2.6M$2.7M20xas long as short
Show all 31 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Polymarket Perps MSTR-USD+0.351%+0.0050%1h$400K$2.3M10xas long as short
BloFin MSTR-USDTshort+0.351%+0.0308%8h$1.1M$1.6M20x
Extended MSTR_24_5-USD+0.353%+0.0032%1h$574K$2.1M10xas long as short
Arcus MSTR-USD+0.357%+0.0553%1h$27K$119K10xas long as short
SoDEX MSTR-USD+0.357%+0.0050%1h$44K$3K10xas long as short
tradeXYZ xyz:MSTR+0.369%+0.0122%1h$56.2M$33.7M10xas long as short
Orderly PERP_MSTR_USDC_mythos+0.369%+0.0100%8h$3K$12K10xas long as short
Bitget MSTRUSDT+0.375%+0.0241%8h$28.5M$112.9M25xas long as short
Phemex MSTRUSDT+0.375%0.0000%4h$2.8M$45K10xas long as short
Nado MSTR-PERP+0.386%+0.0134%1h$124K$240K3xas long as short
Lighter MSTR+0.387%+0.0056%1h$3.5M$2.6M10xas long as short
Aevo MSTR-PERP+0.388%+0.0104%1h$138—10xas long as short
Gate MSTR_USDT+0.393%0.0000%8h$4.8M$18.5M50xas long as short
Binance MSTRUSDT+0.404%+0.0185%8h$88.1M$597.6M50xas long as short
Bybit MSTRUSDT+0.405%+0.0302%8h$15.4M$40.4M50xas long as short
OKX MSTR-USDT-SWAP+0.405%+0.0148%8h$22.0M$102.1M50xas long as short
Vest MSTR-USD-PERP+0.412%+0.0046%1h—$1.8M25xas long as short
Deribit MSTR_USDC-PERPETUAL+0.412%+0.0293%1h$282K$488K10xas long as short
edgeX MSTRUSDC+0.420%+0.0800%4h$44K$5.2M10xas long as short
Phoenix MSTR+0.448%+0.0237%1h$55K$384K10xas long as short
Variational Omni MSTR+0.478%+0.0135%8h$1.2M$2.4M—as long as short