After costs, if the gap returns to its 7d average, $10k−$124
spread now+0.036%7d average−0.002%fees + slippage, in and out−$127spread needed1.275%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Arcus MSTR-USD | 166.90 | 0.0599 | pay 0.0075% / 1h | 49m 09s | $26K | $130K | 10x |
| Short | ApeX Omni MSTRUSDT | 166.96 | 0.0100 | get 0.0013% / 1h | 49m 09s | $130K | $1.5M | 50x |
Arcus MSTR-USD
ApeX Omni 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
- $3.59
- Funding while held
- −$14.97
- Slippage, 4 orders
- −$112.98
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$138.86
- Spread needed to break even
- 1.275%
Slippage from Arcus: live order book, 26 min ago; ApeX Omni: live order book, 1 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0499%
- Per $10,000 a day
- −$14.97
- 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 Arcus live order book, 26 min ago | 6.61 bp | 12.9 bp −$13 | 40.1 bp −$401 | doesn't fit | doesn't fit |
| Sell ApeX Omni live order book, 1 min ago | 3.00 bp | 36.7 bp −$37 | doesn't fit | doesn't fit | doesn't fit |
MSTR price on every exchange
against the cheapest. Click to use as the short leg.Coinbase International166.53cheapestPacifica166.77+0.147%Nado166.79+0.154%Ondo Perps166.79+0.156%RISEx166.83+0.183%Paradex166.85+0.194%QFEX166.86+0.198%edgeX166.87+0.202%Extended166.89+0.216%
Coinbase International
Pacifica
Nado
Ondo Perps
RISEx
Paradex
QFEX
ExtendedArcus166.90+0.222%
Polymarket Perps166.90+0.222%Phoenix166.91+0.231%Phemex166.92+0.234%Aster166.93+0.240%Orderly166.94+0.246%BloFin166.94+0.246%Gate166.95+0.252%KuCoin166.95+0.252%Deribit166.95+0.252%Aevo166.95+0.255%tradeXYZ166.96+0.258%OKX166.96+0.258%
Polymarket Perps
Phoenix
Phemex
Aster
Orderly
BloFin
Gate
KuCoin
Deribit
Aevo
tradeXYZ
OKXApeX Omni166.96+0.258%
SoDEX166.96+0.258%Lighter166.97+0.264%Binance166.98+0.270%Vest166.98+0.270%Variational Omni167.00+0.284%Bitget167.01+0.288%Bybit167.02+0.294%Injective167.08+0.330%
SoDEX
Lighter
Binance
Vest
Variational Omni
Bitget
Bybit
InjectiveMSTR 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 | −0.222% | +0.0112% | 1h | $1.5M | $1.1M | 10x | as long as short |
| Pacifica MSTR | −0.075% | +0.0100% | 1h | $102K | $152K | 10x | as long as short |
| Nado MSTR-PERP | −0.068% | −0.0031% | 1h | $125K | $243K | 3x | as long as short |
| Ondo Perps MSTR-USD.P | −0.066% | +0.0050% | 1h | $824K | $4.6M | 10x | as long as short |
| RISEx MSTR/USDC | −0.039% | +0.0017% | 1h | $295K | $467K | 10x | as long as short |
| Paradex MSTR-USD-PERP | −0.028% | +0.0077% | 8h | $67 | — | 5x | as long as short |
| QFEX MSTR-USD | −0.024% | +0.0041% | 1h | $1.3M | $9.4M | 10x | as long as short |
| edgeX MSTRUSDC | −0.021% | +0.0914% | 4h | $49K | $5.0M | 10x | as long as short |
| Extended MSTR_24_5-USD | −0.007% | +0.0032% | 1h | $495K | $2.1M | 10x | as long as short |
| Arcus MSTR-USDlong | 0.000% | +0.0599% | 1h | $26K | $130K | 10x |
Show all 31 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Polymarket Perps MSTR-USD | 0.000% | +0.0050% | 1h | $405K | $2.3M | 10x | as long as short |
| Phoenix MSTR | +0.009% | +0.0215% | 1h | $55K | $388K | 10x | as long as short |
| Phemex MSTRUSDT | +0.012% | 0.0000% | 4h | $2.8M | $42K | 10x | as long as short |
| Aster MSTRUSDT | +0.018% | +0.0234% | 8h | $1.3M | $6.0M | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.024% | +0.0100% | 8h | $3K | $12K | 10x | as long as short |
| BloFin MSTR-USDT | +0.024% | +0.0352% | 8h | $1.1M | $1.5M | 20x | as long as short |
| Gate MSTR_USDT | +0.030% | 0.0000% | 8h | $4.8M | $18.3M | 50x | as long as short |
| KuCoin MSTRUSDTM | +0.030% | +0.0100% | 8h | $2.6M | $2.6M | 20x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.030% | 0.0000% | 1h | $284K | $455K | 10x | as long as short |
| Aevo MSTR-PERP | +0.033% | +0.0104% | 1h | $139 | — | 10x | as long as short |
| tradeXYZ xyz:MSTR | +0.036% | +0.0050% | 1h | $56.7M | $32.0M | 10x | as long as short |
| OKX MSTR-USDT-SWAP | +0.036% | +0.0197% | 8h | $22.5M | $101.7M | 50x | as long as short |
| ApeX Omni MSTRUSDTshort | +0.036% | +0.0100% | 1h | $130K | $1.5M | 50x | |
| SoDEX MSTR-USD | +0.036% | +0.0050% | 1h | $44K | $3K | 10x | as long as short |
| Lighter MSTR | +0.042% | +0.0032% | 1h | $3.6M | $2.6M | 10x | as long as short |
| Binance MSTRUSDT | +0.048% | +0.0232% | 8h | $90.8M | $567.9M | 50x | as long as short |
| Vest MSTR-USD-PERP | +0.048% | +0.0046% | 1h | — | $1.8M | 25x | as long as short |
| Variational Omni MSTR | +0.061% | +0.0185% | 8h | $1.3M | $2.2M | — | as long as short |
| Bitget MSTRUSDT | +0.066% | +0.0264% | 8h | $28.8M | $111.6M | 25x | as long as short |
| Bybit MSTRUSDT | +0.072% | +0.0234% | 8h | $15.5M | $41.5M | 50x | as long as short |
| Injective MSTR/USDC PERP | +0.108% | +0.0249% | 1h | $12K | $68K | 30x | as long as short |