After costs, if the gap returns to its 7d average, $10k−$54
spread now−0.127%7d average−0.022%fees + slippage, in and out−$44spread needed0.437%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Arcus MSTR-USD | 167.35 | 0.0705 | pay 0.0088% / 1h | 46m 51s | $26K | $123K | 10x |
| Short | Pacifica MSTR | 167.14 | 0.0100 | get 0.0013% / 1h | 46m 51s | $102K | $167K | 10x |
Arcus MSTR-USD
Pacifica MSTRPrice 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
- −$12.73
- Funding while held
- −$18.16
- Slippage, 4 orders
- −$31.22
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Net
- −$74.61
- Spread needed to break even
- 0.437%
Slippage from Arcus: live order book, 38 min ago; Pacifica: live order book, 2 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0605%
- Per $10,000 a day
- −$18.16
- 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, 38 min ago | 5.11 bp | 14.8 bp −$15 | 40.4 bp −$404 | doesn't fit | doesn't fit |
| Sell Pacifica live order book, 2 min ago | 2.06 bp | 14.9 bp −$15 | 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 International166.86cheapestInjective166.94+0.048%Paradex167.05+0.115%QFEX167.11+0.150%
Coinbase International
Injective
Paradex
QFEXPacifica167.14+0.166%
Nado167.19+0.199%RISEx167.28+0.252%Polymarket Perps167.29+0.258%
Nado
RISEx
Polymarket PerpsArcus167.35+0.294%
Phoenix167.38+0.313%Variational Omni167.40+0.326%Extended167.41+0.330%Phemex167.48+0.372%Vest167.49+0.378%Orderly167.57+0.426%tradeXYZ167.58+0.431%Lighter167.58+0.431%Aster167.59+0.437%Ondo Perps167.60+0.443%Binance167.61+0.452%Gate167.62+0.455%OKX167.63+0.461%Deribit167.63+0.461%KuCoin167.64+0.467%SoDEX167.64+0.467%Aevo167.65+0.472%Bitget167.65+0.473%Bybit167.67+0.485%BloFin167.69+0.497%ApeX Omni167.72+0.515%edgeX168.07+0.727%
Phoenix
Variational Omni
Extended
Phemex
Vest
Orderly
tradeXYZ
Lighter
Aster
Ondo Perps
Binance
Gate
OKX
Deribit
KuCoin
SoDEX
Aevo
Bitget
Bybit
BloFin
ApeX OmniMSTR 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 | −0.293% | +0.0112% | 1h | $1.5M | $1.2M | 10x | as long as short |
| Injective MSTR/USDC PERP | −0.245% | +0.0033% | 1h | $12K | $97K | 30x | as long as short |
| Paradex MSTR-USD-PERP | −0.178% | +0.0131% | 8h | $67 | — | 5x | as long as short |
| QFEX MSTR-USD | −0.143% | +0.0057% | 1h | $1.3M | $9.1M | 10x | as long as short |
| Pacifica MSTRshort | −0.127% | +0.0100% | 1h | $102K | $167K | 10x | |
| Nado MSTR-PERP | −0.095% | +0.0108% | 1h | $128K | $263K | 3x | as long as short |
| RISEx MSTR/USDC | −0.042% | +0.0486% | 1h | $245K | $423K | 10x | as long as short |
| Polymarket Perps MSTR-USD | −0.036% | +0.0110% | 1h | $410K | $2.1M | 10x | as long as short |
| Arcus MSTR-USDlong | 0.000% | +0.0705% | 1h | $26K | $123K | 10x | |
| Phoenix MSTR | +0.019% | +0.0216% | 1h | $54K | $364K | 10x | as long as short |
Show all 31 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Variational Omni MSTR | +0.032% | +0.0316% | 8h | $1.3M | $2.2M | — | as long as short |
| Extended MSTR_24_5-USD | +0.036% | +0.0064% | 1h | $510K | $2.3M | 10x | as long as short |
| Phemex MSTRUSDT | +0.078% | 0.0000% | 4h | $2.8M | $35K | 10x | as long as short |
| Vest MSTR-USD-PERP | +0.084% | +0.0046% | 1h | — | $1.5M | 25x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.131% | +0.0100% | 8h | $3K | $14K | 10x | as long as short |
| tradeXYZ xyz:MSTR | +0.137% | +0.0271% | 1h | $57.3M | $31.6M | 10x | as long as short |
| Lighter MSTR | +0.137% | +0.0176% | 1h | $3.6M | $2.9M | 10x | as long as short |
| Aster MSTRUSDT | +0.143% | +0.0406% | 8h | $1.3M | $5.9M | 50x | as long as short |
| Ondo Perps MSTR-USD.P | +0.149% | +0.0050% | 1h | $915K | $4.6M | 10x | as long as short |
| Binance MSTRUSDT | +0.158% | +0.0387% | 8h | $89.4M | $529.0M | 50x | as long as short |
| Gate MSTR_USDT | +0.161% | 0.0000% | 8h | $5.0M | $18.5M | 50x | as long as short |
| OKX MSTR-USDT-SWAP | +0.167% | +0.0336% | 8h | $22.3M | $100.9M | 50x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.167% | +0.0945% | 1h | $285K | $456K | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.173% | +0.0177% | 8h | $2.6M | $2.6M | 20x | as long as short |
| SoDEX MSTR-USD | +0.173% | +0.0050% | 1h | $44K | $3K | 10x | as long as short |
| Aevo MSTR-PERP | +0.178% | +0.0104% | 1h | $139 | — | 10x | as long as short |
| Bitget MSTRUSDT | +0.179% | +0.0378% | 8h | $28.9M | $109.7M | 25x | as long as short |
| Bybit MSTRUSDT | +0.191% | +0.0231% | 8h | $15.9M | $42.9M | 50x | as long as short |
| BloFin MSTR-USDT | +0.203% | +0.0507% | 8h | $1.1M | $1.4M | 20x | as long as short |
| ApeX Omni MSTRUSDT | +0.221% | +0.0100% | 1h | $133K | $2.2M | 50x | as long as short |
| edgeX MSTRUSDC | +0.432% | +0.0607% | 4h | $62K | $4.6M | 10x | as long as short |