After costs, if the gap returns to its 7d average, $10k−$41
spread now−0.104%7d average−0.031%fees + slippage, in and out−$33spread needed0.334%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Arcus MSTR-USD | 167.30 | 0.0612 | pay 0.0077% / 1h | 2m 01s | $26K | $128K | 10x |
| Short | Binance MSTRUSDT | 167.13 | 0.0261 | get 0.0261% / 8h | 7h 02m | $91.5M | $566.1M | 50x |
Arcus MSTR-USD
Binance 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
- −$10.41
- Funding while held
- −$10.54
- Slippage, 4 orders
- −$18.9
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$54.35
- Spread needed to break even
- 0.334%
Slippage from Arcus: live order book, 13 min ago; Binance: live order book, 13 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0351%
- Per $10,000 a day
- −$10.54
- 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, 13 min ago | 6.61 bp | 12.9 bp −$13 | 40.1 bp −$401 | doesn't fit | doesn't fit |
| Sell Binance live order book, 13 min ago | 0.30 bp | 6.3 bp −$6 | 9.5 bp −$95 | 26.3 bp −$2,630 | 89.7 bp −$44.9K |
MSTR price on every exchange
against the cheapest. Click to use as the short leg.Injective165.38cheapestExtended167.03+0.999%Nado167.05+1.011%KuCoin167.08+1.028%Orderly167.08+1.028%Phemex167.09+1.034%SoDEX167.11+1.046%Ondo Perps167.12+1.052%Bitget167.12+1.052%ApeX Omni167.12+1.052%
Injective
Extended
Nado
KuCoin
Orderly
Phemex
SoDEX
Ondo Perps
Bitget
ApeX OmniBinance167.13+1.056%
Aevo167.13+1.057%Lighter167.13+1.058%Aster167.14+1.063%tradeXYZ167.14+1.064%Gate167.16+1.076%Variational Omni167.17+1.082%OKX167.17+1.082%Polymarket Perps167.17+1.082%Deribit167.17+1.082%Bybit167.18+1.088%RISEx167.23+1.119%Coinbase International167.24+1.125%edgeX167.24+1.127%Paradex167.27+1.145%Pacifica167.28+1.146%QFEX167.28+1.149%
Aevo
Lighter
Aster
tradeXYZ
Gate
Variational Omni
OKX
Polymarket Perps
Deribit
Bybit
RISEx
Coinbase International
Paradex
Pacifica
QFEXArcus167.30+1.161%
BloFin167.37+1.203%Vest167.40+1.221%Phoenix167.68+1.392%
BloFin
Vest
PhoenixMSTR on 31 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective MSTR/USDC PERP | −1.148% | +0.0312% | 1h | $12K | $93K | 30x | as long as short |
| Extended MSTR_24_5-USD | −0.160% | +0.0032% | 1h | $495K | $2.1M | 10x | as long as short |
| Nado MSTR-PERP | −0.148% | +0.0084% | 1h | $126K | $247K | 3x | as long as short |
| KuCoin MSTRUSDTM | −0.132% | +0.0100% | 8h | $2.6M | $2.6M | 20x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | −0.132% | +0.0100% | 8h | $3K | $12K | 10x | as long as short |
| Phemex MSTRUSDT | −0.126% | 0.0000% | 4h | $2.8M | $41K | 10x | as long as short |
| SoDEX MSTR-USD | −0.114% | +0.0050% | 1h | $44K | $3K | 10x | as long as short |
| Ondo Perps MSTR-USD.P | −0.108% | +0.0050% | 1h | $848K | $4.6M | 10x | as long as short |
| Bitget MSTRUSDT | −0.108% | +0.0287% | 8h | $28.8M | $111.5M | 25x | as long as short |
| ApeX Omni MSTRUSDT | −0.108% | +0.0100% | 1h | $130K | $1.7M | 50x | as long as short |
Show all 31 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Binance MSTRUSDTshort | −0.104% | +0.0261% | 8h | $91.5M | $566.1M | 50x | |
| Aevo MSTR-PERP | −0.103% | +0.0104% | 1h | $139 | — | 10x | as long as short |
| Lighter MSTR | −0.102% | +0.0032% | 1h | $3.6M | $2.8M | 10x | as long as short |
| Aster MSTRUSDT | −0.097% | +0.0264% | 8h | $1.3M | $6.0M | 50x | as long as short |
| tradeXYZ xyz:MSTR | −0.096% | +0.0122% | 1h | $57.1M | $32.0M | 10x | as long as short |
| Gate MSTR_USDT | −0.084% | 0.0000% | 8h | $4.9M | $19.3M | 50x | as long as short |
| Variational Omni MSTR | −0.078% | +0.0216% | 8h | $1.3M | $2.3M | — | as long as short |
| OKX MSTR-USDT-SWAP | −0.078% | +0.0223% | 8h | $22.7M | $101.6M | 50x | as long as short |
| Polymarket Perps MSTR-USD | −0.078% | +0.0050% | 1h | $405K | $2.3M | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | −0.078% | +0.0349% | 1h | $284K | $455K | 10x | as long as short |
| Bybit MSTRUSDT | −0.072% | +0.0278% | 8h | $15.5M | $41.5M | 50x | as long as short |
| RISEx MSTR/USDC | −0.042% | +0.0277% | 1h | $296K | $467K | 10x | as long as short |
| Coinbase International MSTR-PERP-INTX | −0.036% | +0.0112% | 1h | $1.5M | $1.1M | 10x | as long as short |
| edgeX MSTRUSDC | −0.034% | +0.0240% | 4h | $49K | $5.0M | 10x | as long as short |
| Paradex MSTR-USD-PERP | −0.016% | +0.0086% | 8h | $67 | — | 5x | as long as short |
| Pacifica MSTR | −0.015% | +0.0100% | 1h | $102K | $152K | 10x | as long as short |
| QFEX MSTR-USD | −0.012% | +0.0041% | 1h | $1.3M | $9.4M | 10x | as long as short |
| Arcus MSTR-USDlong | 0.000% | +0.0612% | 1h | $26K | $128K | 10x | |
| BloFin MSTR-USDT | +0.042% | +0.0386% | 8h | $1.1M | $1.5M | 20x | as long as short |
| Vest MSTR-USD-PERP | +0.060% | +0.0046% | 1h | — | $1.8M | 25x | as long as short |
| Phoenix MSTR | +0.228% | +0.0226% | 1h | $56K | $380K | 10x | as long as short |