After costs, if the gap returns to its 7d average, $10k−$134
spread now+0.186%7d average+0.034%fees + slippage, in and out−$149spread needed1.495%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | ApeX Omni MSTRUSDT | 166.50 | 0.0100 | pay 0.0013% / 1h | 37m 01s | $132K | $2.0M | 50x |
| Short | Deribit MSTR_USDC-PERPETUAL | 166.81 | 0.0710 | get 0.0089% / 1h | 37m 01s | $283K | $456K | 10x |
ApeX Omni MSTRUSDT
Deribit MSTR_USDC-PERPETUALPrice 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
- $18.62
- Funding while held
- $18.3
- Slippage, 4 orders
- −$132.47
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$112.55
- Spread needed to break even
- 1.495%
Slippage from ApeX Omni: live order book, 3 min ago; Deribit: live order book, 13 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0610%
- Per $10,000 a day
- +$18.30
- 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 | 13.18 bp | 69.7 bp −$70 | doesn't fit | doesn't fit | doesn't fit |
| Sell Deribit live order book, 13 min ago | 5.36 bp | 11.2 bp −$11 | 13.3 bp −$133 | doesn't fit | doesn't fit |
MSTR price on every exchange
against the cheapest. Click to use as the short leg.Injective166.35cheapestPhoenix166.36+0.008%Ondo Perps166.42+0.042%Extended166.45+0.061%Nado166.47+0.074%
Injective
Phoenix
Ondo Perps
Extended
NadoApeX Omni166.50+0.090%
KuCoin166.55+0.120%OKX166.56+0.126%QFEX166.56+0.126%Bitget166.58+0.138%tradeXYZ166.59+0.144%Arcus166.60+0.150%Polymarket Perps166.61+0.156%Phemex166.61+0.156%RISEx166.62+0.159%Binance166.62+0.162%Gate166.62+0.162%Vest166.63+0.168%Pacifica166.64+0.171%Aster166.64+0.177%Bybit166.65+0.180%Coinbase International166.67+0.192%SoDEX166.71+0.216%BloFin166.75+0.240%Orderly166.76+0.246%Lighter166.77+0.252%Paradex166.78+0.261%Aevo166.80+0.273%
KuCoin
OKX
QFEX
Bitget
tradeXYZ
Arcus
Polymarket Perps
Phemex
RISEx
Binance
Gate
Vest
Pacifica
Aster
Bybit
Coinbase International
SoDEX
BloFin
Orderly
Lighter
Paradex
AevoDeribit166.81+0.277%
Variational Omni167.10+0.450%edgeX167.13+0.471%
Variational OmniMSTR on 31 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective MSTR/USDC PERP | −0.090% | +0.0033% | 1h | $12K | $97K | 30x | as long as short |
| Phoenix MSTR | −0.082% | +0.0216% | 1h | $56K | $364K | 10x | as long as short |
| Ondo Perps MSTR-USD.P | −0.048% | +0.0050% | 1h | $913K | $4.5M | 10x | as long as short |
| Extended MSTR_24_5-USD | −0.029% | +0.0112% | 1h | $508K | $2.2M | 10x | as long as short |
| Nado MSTR-PERP | −0.016% | +0.0067% | 1h | $128K | $260K | 3x | as long as short |
| ApeX Omni MSTRUSDTlong | 0.000% | +0.0100% | 1h | $132K | $2.0M | 50x | |
| KuCoin MSTRUSDTM | +0.030% | +0.0171% | 8h | $2.6M | $2.6M | 20x | as long as short |
| OKX MSTR-USDT-SWAP | +0.036% | +0.0321% | 8h | $22.2M | $100.4M | 50x | as long as short |
| QFEX MSTR-USD | +0.036% | +0.0057% | 1h | $1.3M | $9.2M | 10x | as long as short |
| Bitget MSTRUSDT | +0.048% | +0.0374% | 8h | $29.1M | $110.2M | 25x | as long as short |
Show all 31 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:MSTR | +0.054% | +0.0246% | 1h | $57.0M | $31.5M | 10x | as long as short |
| Arcus MSTR-USD | +0.060% | +0.0705% | 1h | $26K | $125K | 10x | as long as short |
| Polymarket Perps MSTR-USD | +0.066% | +0.0070% | 1h | $408K | $2.1M | 10x | as long as short |
| Phemex MSTRUSDT | +0.066% | 0.0000% | 4h | $2.8M | $36K | 10x | as long as short |
| RISEx MSTR/USDC | +0.069% | +0.0486% | 1h | $304K | $460K | 10x | as long as short |
| Binance MSTRUSDT | +0.072% | +0.0378% | 8h | $89.2M | $531.6M | 50x | as long as short |
| Gate MSTR_USDT | +0.072% | 0.0000% | 8h | $4.9M | $18.7M | 50x | as long as short |
| Vest MSTR-USD-PERP | +0.078% | +0.0046% | 1h | — | $1.6M | 25x | as long as short |
| Pacifica MSTR | +0.081% | +0.0100% | 1h | $102K | $164K | 10x | as long as short |
| Aster MSTRUSDT | +0.087% | +0.0391% | 8h | $1.3M | $5.9M | 50x | as long as short |
| Bybit MSTRUSDT | +0.090% | +0.0243% | 8h | $15.6M | $43.4M | 50x | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.102% | +0.0112% | 1h | $1.5M | $1.2M | 10x | as long as short |
| SoDEX MSTR-USD | +0.126% | +0.0050% | 1h | $44K | $3K | 10x | as long as short |
| BloFin MSTR-USDT | +0.150% | +0.0498% | 8h | $1.1M | $1.4M | 20x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.156% | +0.0100% | 8h | $3K | $13K | 10x | as long as short |
| Lighter MSTR | +0.162% | +0.0176% | 1h | $3.6M | $2.9M | 10x | as long as short |
| Paradex MSTR-USD-PERP | +0.171% | +0.0133% | 8h | $67 | — | 5x | as long as short |
| Aevo MSTR-PERP | +0.183% | +0.0104% | 1h | $138 | — | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUALshort | +0.186% | +0.0710% | 1h | $283K | $456K | 10x | |
| Variational Omni MSTR | +0.360% | +0.0315% | 8h | $1.3M | $2.2M | — | as long as short |
| edgeX MSTRUSDC | +0.380% | +0.0953% | 4h | $62K | $4.6M | 10x | as long as short |