After costs, if the gap returns to its 7d average, $10k−$23
spread now+0.052%7d average+0.047%fees + slippage, in and out−$24spread needed0.239%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aster MSTRUSDT | 167.26 | 0.0405 | pay 0.0405% / 8h | 51m 59s | $1.3M | $5.9M | 50x |
| Short | Binance MSTRUSDT | 167.35 | 0.0385 | get 0.0385% / 8h | 51m 59s | $88.8M | $526.4M | 50x |
Aster MSTRUSDT
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
- $5.19
- Funding while held
- −$0.61
- Slippage, 4 orders
- −$5.93
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$19.36
- Spread needed to break even
- 0.239%
Slippage from Aster: live order book, 3 min ago; Binance: live order book, 8 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0020%
- Per $10,000 a day
- −$0.61
- 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 Aster live order book, 3 min ago | 0.60 bp | 6.7 bp −$7 | 24.1 bp −$241 | doesn't fit | doesn't fit |
| Sell Binance live order book, 8 min ago | 0.30 bp | 5.6 bp −$6 | 8.2 bp −$82 | 29.1 bp −$2,905 | 102.3 bp −$51.2K |
MSTR price on every exchange
against the cheapest. Click to use as the short leg.Phoenix166.84cheapestCoinbase International166.86+0.011%Injective166.94+0.059%Nado167.14+0.178%ApeX Omni167.14+0.179%Extended167.15+0.185%Phemex167.15+0.185%SoDEX167.17+0.197%Lighter167.19+0.209%Ondo Perps167.23+0.233%Orderly167.23+0.233%Deribit167.23+0.233%Paradex167.25+0.243%edgeX167.25+0.243%Aevo167.25+0.246%tradeXYZ167.26+0.251%Polymarket Perps167.26+0.251%
Phoenix
Coinbase International
Injective
Nado
ApeX Omni
Extended
Phemex
SoDEX
Lighter
Ondo Perps
Orderly
Deribit
Paradex
Aevo
tradeXYZ
Polymarket PerpsAster167.26+0.254%
Pacifica167.26+0.254%QFEX167.29+0.269%KuCoin167.31+0.281%Variational Omni167.32+0.287%Gate167.32+0.287%Arcus167.35+0.305%
Pacifica
QFEX
KuCoin
Variational Omni
Gate
ArcusBinance167.35+0.306%
RISEx167.37+0.316%Bitget167.37+0.317%Bybit167.39+0.329%OKX167.40+0.335%Vest167.43+0.353%BloFin167.45+0.365%
RISEx
Bitget
Bybit
OKX
Vest
BloFinMSTR on 31 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Phoenix MSTR | −0.253% | +0.0216% | 1h | $55K | $364K | 10x | as long as short |
| Coinbase International MSTR-PERP-INTX | −0.242% | +0.0112% | 1h | $1.5M | $1.2M | 10x | as long as short |
| Injective MSTR/USDC PERP | −0.194% | +0.0033% | 1h | $12K | $97K | 30x | as long as short |
| Nado MSTR-PERP | −0.076% | +0.0102% | 1h | $128K | $259K | 3x | as long as short |
| ApeX Omni MSTRUSDT | −0.075% | +0.0100% | 1h | $133K | $2.4M | 50x | as long as short |
| Extended MSTR_24_5-USD | −0.069% | +0.0032% | 1h | $511K | $2.3M | 10x | as long as short |
| Phemex MSTRUSDT | −0.069% | 0.0000% | 4h | $2.8M | $32K | 10x | as long as short |
| SoDEX MSTR-USD | −0.057% | +0.0050% | 1h | $44K | $3K | 10x | as long as short |
| Lighter MSTR | −0.045% | +0.0096% | 1h | $3.6M | $2.9M | 10x | as long as short |
| Ondo Perps MSTR-USD.P | −0.021% | +0.0050% | 1h | $914K | $4.6M | 10x | as long as short |
Show all 31 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Orderly PERP_MSTR_USDC_mythos | −0.021% | +0.0100% | 8h | $3K | $14K | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | −0.021% | +0.0768% | 1h | $284K | $456K | 10x | as long as short |
| Paradex MSTR-USD-PERP | −0.012% | +0.0126% | 8h | $67 | — | 5x | as long as short |
| edgeX MSTRUSDC | −0.011% | +0.0336% | 4h | $60K | $4.6M | 10x | as long as short |
| Aevo MSTR-PERP | −0.008% | +0.0104% | 1h | $139 | — | 10x | as long as short |
| tradeXYZ xyz:MSTR | −0.003% | +0.0252% | 1h | $57.1M | $31.4M | 10x | as long as short |
| Polymarket Perps MSTR-USD | −0.003% | +0.0100% | 1h | $409K | $2.0M | 10x | as long as short |
| Aster MSTRUSDTlong | 0.000% | +0.0405% | 8h | $1.3M | $5.9M | 50x | |
| Pacifica MSTR | 0.000% | +0.0100% | 1h | $102K | $176K | 10x | as long as short |
| QFEX MSTR-USD | +0.015% | +0.0057% | 1h | $1.3M | $9.1M | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.027% | +0.0174% | 8h | $2.6M | $2.6M | 20x | as long as short |
| Variational Omni MSTR | +0.032% | +0.0317% | 8h | $1.3M | $2.2M | — | as long as short |
| Gate MSTR_USDT | +0.033% | 0.0000% | 8h | $5.0M | $18.4M | 50x | as long as short |
| Arcus MSTR-USD | +0.051% | +0.0705% | 1h | $26K | $121K | 10x | as long as short |
| Binance MSTRUSDTshort | +0.052% | +0.0385% | 8h | $88.8M | $526.4M | 50x | |
| RISEx MSTR/USDC | +0.062% | +0.0486% | 1h | $200K | $394K | 10x | as long as short |
| Bitget MSTRUSDT | +0.063% | +0.0379% | 8h | $28.9M | $109.4M | 25x | as long as short |
| Bybit MSTRUSDT | +0.075% | +0.0223% | 8h | $15.9M | $42.8M | 50x | as long as short |
| OKX MSTR-USDT-SWAP | +0.081% | +0.0331% | 8h | $22.1M | $100.1M | 50x | as long as short |
| Vest MSTR-USD-PERP | +0.099% | +0.0046% | 1h | — | $1.4M | 25x | as long as short |
| BloFin MSTR-USDT | +0.111% | +0.0505% | 8h | $1.1M | $1.4M | 20x | as long as short |