After costs, if the gap returns to its 7d average, $10k−$23
spread now−0.006%7d average−0.074%fees + slippage, in and out−$29spread needed0.294%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aster MSTRUSDT | 166.49 | 0.0316 | pay 0.0316% / 8h | 4m 32s | $1.3M | $5.9M | 50x |
| Short | Polymarket Perps MSTR-USD | 166.48 | 0.0050 | get 0.0006% / 1h | 4m 32s | $403K | $2.2M | 10x |
Aster 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
- −$0.58
- Funding while held
- −$7.98
- Slippage, 4 orders
- −$13.41
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$37.97
- Spread needed to break even
- 0.294%
Slippage from Aster: live order book, 6 min ago; Polymarket Perps: live order book, 6 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0266%
- Per $10,000 a day
- −$7.98
- 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, 6 min ago | 1.20 bp | 6.8 bp −$7 | 22.4 bp −$224 | doesn't fit | doesn't fit |
| Sell Polymarket Perps live order book, 6 min ago | 2.99 bp | 7.6 bp −$8 | 8.6 bp −$86 | 10.7 bp −$1,074 | doesn't fit |
MSTR price on every exchange
against the cheapest. Click to use as the short leg.tradeXYZ166.38cheapestExtended166.42+0.024%Bitget166.44+0.036%KuCoin166.46+0.048%Paradex166.47+0.054%Pacifica166.48+0.059%Binance166.48+0.060%QFEX166.48+0.060%
tradeXYZ
Extended
Bitget
KuCoin
Paradex
Pacifica
Binance
QFEXPolymarket Perps166.48+0.060%
Aster166.49+0.066%
RISEx166.50+0.069%Gate166.50+0.072%Injective166.50+0.072%Lighter166.51+0.078%OKX166.51+0.078%Bybit166.53+0.090%ApeX Omni166.53+0.090%Vest166.53+0.090%Arcus166.56+0.108%Phemex166.63+0.150%BloFin166.63+0.150%Orderly166.65+0.162%SoDEX166.67+0.174%Aevo166.70+0.195%Ondo Perps166.73+0.210%Deribit166.74+0.216%edgeX166.79+0.247%Coinbase International166.80+0.252%Variational Omni166.93+0.329%Nado167.00+0.370%Phoenix167.22+0.505%
RISEx
Gate
Injective
Lighter
OKX
Bybit
ApeX Omni
Vest
Arcus
Phemex
BloFin
Orderly
SoDEX
Aevo
Ondo Perps
Deribit
Coinbase International
Variational Omni
Nado
PhoenixMSTR on 31 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:MSTR | −0.066% | +0.0162% | 1h | $56.6M | $31.5M | 10x | as long as short |
| Extended MSTR_24_5-USD | −0.042% | +0.0032% | 1h | $502K | $2.2M | 10x | as long as short |
| Bitget MSTRUSDT | −0.030% | +0.0324% | 8h | $28.8M | $110.8M | 25x | as long as short |
| KuCoin MSTRUSDTM | −0.018% | +0.0102% | 8h | $2.6M | $2.6M | 20x | as long as short |
| Paradex MSTR-USD-PERP | −0.012% | +0.0096% | 8h | $67 | — | 5x | as long as short |
| Pacifica MSTR | −0.007% | +0.0100% | 1h | $102K | $153K | 10x | as long as short |
| Binance MSTRUSDT | −0.006% | +0.0316% | 8h | $88.9M | $545.3M | 50x | as long as short |
| QFEX MSTR-USD | −0.006% | +0.0057% | 1h | $1.3M | $9.2M | 10x | as long as short |
| Polymarket Perps MSTR-USDshort | −0.006% | +0.0050% | 1h | $403K | $2.2M | 10x | |
| Aster MSTRUSDTlong | 0.000% | +0.0316% | 8h | $1.3M | $5.9M | 50x |