After costs, if the gap returns to its 7d average, $10k−$101
spread now+0.229%7d average−0.028%fees + slippage, in and out−$127spread needed1.265%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | ApeX Omni MSTRUSDT | 166.09 | 0.0100 | pay 0.0013% / 1h | 2m 19s | $4K | $1.4M | 50x |
| Short | Polymarket Perps MSTR-USD | 166.47 | 0.0050 | get 0.0006% / 1h | 2m 19s | $406K | $2.4M | 10x |
ApeX Omni MSTRUSDT
Polymarket Perps 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
- $22.88
- Funding while held
- −$1.5
- Slippage, 4 orders
- −$108.53
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$105.15
- Spread needed to break even
- 1.265%
Slippage from ApeX Omni: live order book, 3 min ago; Polymarket Perps: live order book, 3 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0050%
- Per $10,000 a day
- −$1.50
- 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 | 3.01 bp | 49.3 bp −$49 | doesn't fit | doesn't fit | doesn't fit |
| Sell Polymarket Perps live order book, 3 min ago | 2.41 bp | 7.3 bp −$7 | 8.7 bp −$87 | 22.5 bp −$2,251 | doesn't fit |
MSTR price on every exchange
against the cheapest. Click to use as the short leg.Coinbase International164.72cheapest
Coinbase InternationalApeX Omni166.09+0.832%
Variational Omni166.09+0.832%Phoenix166.09+0.834%edgeX166.23+0.920%Injective166.28+0.947%Ondo Perps166.29+0.953%Nado166.35+0.988%Extended166.39+1.011%Pacifica166.41+1.025%Aster166.41+1.027%tradeXYZ166.43+1.038%KuCoin166.44+1.044%Lighter166.45+1.050%Paradex166.45+1.052%QFEX166.46+1.056%RISEx166.47+1.060%
Variational Omni
Phoenix
Injective
Ondo Perps
Nado
Extended
Pacifica
Aster
tradeXYZ
KuCoin
Lighter
Paradex
QFEX
RISExPolymarket Perps166.47+1.062%
Gate166.50+1.081%Binance166.51+1.086%Phemex166.51+1.087%OKX166.52+1.093%Bitget166.52+1.093%SoDEX166.52+1.093%Orderly166.54+1.105%Aevo166.55+1.109%Vest166.55+1.111%Bybit166.56+1.117%BloFin166.56+1.117%Deribit166.58+1.129%Arcus166.60+1.141%
Gate
Binance
Phemex
OKX
Bitget
SoDEX
Orderly
Aevo
Vest
Bybit
BloFin
Deribit
ArcusMSTR 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 | −0.825% | +0.0104% | 1h | $1.4M | $1.1M | 10x | as long as short |
| ApeX Omni MSTRUSDTlong | 0.000% | +0.0100% | 1h | $4K | $1.4M | 50x | |
| Variational Omni MSTR | 0.000% | +0.0075% | 8h | $1.2M | $2.4M | — | as long as short |
| Phoenix MSTR | +0.002% | +0.0237% | 1h | $55K | $384K | 10x | as long as short |
| edgeX MSTRUSDC | +0.087% | +0.0159% | 4h | $45K | $5.2M | 10x | as long as short |
| Injective MSTR/USDC PERP | +0.114% | +0.0188% | 1h | $12K | $48K | 30x | as long as short |
| Ondo Perps MSTR-USD.P | +0.120% | +0.0050% | 1h | $776K | $4.7M | 10x | as long as short |
| Nado MSTR-PERP | +0.155% | +0.0021% | 1h | $124K | $218K | 3x | as long as short |
| Extended MSTR_24_5-USD | +0.178% | +0.0032% | 1h | $577K | $2.0M | 10x | as long as short |
| Pacifica MSTR | +0.191% | +0.0100% | 1h | $102K | $152K | 10x | as long as short |
Show all 31 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Aster MSTRUSDT | +0.193% | +0.0121% | 8h | $1.3M | $6.1M | 50x | as long as short |
| tradeXYZ xyz:MSTR | +0.205% | +0.0094% | 1h | $56.6M | $34.1M | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.211% | +0.0100% | 8h | $2.6M | $2.7M | 20x | as long as short |
| Lighter MSTR | +0.217% | +0.0032% | 1h | $3.5M | $2.6M | 10x | as long as short |
| Paradex MSTR-USD-PERP | +0.218% | +0.0076% | 8h | $67 | — | 5x | as long as short |
| QFEX MSTR-USD | +0.223% | +0.0065% | 1h | $1.4M | $9.8M | 10x | as long as short |
| RISEx MSTR/USDC | +0.226% | 0.0000% | 1h | $289K | $471K | 10x | as long as short |
| Polymarket Perps MSTR-USDshort | +0.229% | +0.0050% | 1h | $406K | $2.4M | 10x | |
| Gate MSTR_USDT | +0.247% | 0.0000% | 8h | $4.8M | $18.8M | 50x | as long as short |
| Binance MSTRUSDT | +0.252% | +0.0136% | 8h | $87.5M | $600.4M | 50x | as long as short |
| Phemex MSTRUSDT | +0.253% | 0.0000% | 4h | $2.8M | $47K | 10x | as long as short |
| OKX MSTR-USDT-SWAP | +0.259% | +0.0110% | 8h | $22.2M | $102.7M | 50x | as long as short |
| Bitget MSTRUSDT | +0.259% | +0.0221% | 8h | $28.5M | $113.2M | 25x | as long as short |
| SoDEX MSTR-USD | +0.259% | +0.0050% | 1h | $44K | $3K | 10x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.271% | +0.0100% | 8h | $3K | $12K | 10x | as long as short |
| Aevo MSTR-PERP | +0.275% | +0.0104% | 1h | $138 | — | 10x | as long as short |
| Vest MSTR-USD-PERP | +0.277% | +0.0046% | 1h | — | $1.9M | 25x | as long as short |
| Bybit MSTRUSDT | +0.283% | +0.0289% | 8h | $15.5M | $40.2M | 50x | as long as short |
| BloFin MSTR-USDT | +0.283% | +0.0258% | 8h | $1.1M | $1.6M | 20x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.295% | +0.0531% | 1h | $283K | $439K | 10x | as long as short |
| Arcus MSTR-USD | +0.307% | +0.0553% | 1h | $27K | $125K | 10x | as long as short |