After costs, if the gap returns to its 7d average, $10k−$29
spread now−0.060%7d average−0.043%fees + slippage, in and out−$27spread needed0.272%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aster MSTRUSDT | 166.63 | 0.0312 | pay 0.0312% / 8h | 2m 26s | $1.3M | $6.0M | 50x |
| Short | QFEX MSTR-USD | 166.53 | 0.0057 | get 0.0007% / 1h | 2m 26s | $1.3M | $9.2M | 10x |
Aster MSTRUSDT
QFEX 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
- −$5.96
- Funding while held
- −$7.66
- Slippage, 4 orders
- −$9.25
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$40.86
- Spread needed to break even
- 0.272%
Slippage from Aster: live order book, 3 min ago; QFEX: live order book, 8 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0255%
- Per $10,000 a day
- −$7.66
- 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 | 1.50 bp | 7.1 bp −$7 | 29.9 bp −$299 | doesn't fit | doesn't fit |
| Sell QFEX live order book, 8 min ago | 1.50 bp | 7.1 bp −$7 | 7.5 bp −$75 | 12.0 bp −$1,199 | doesn't fit |
MSTR price on every exchange
against the cheapest. Click to use as the short leg.Nado166.38cheapestOrderly166.43+0.028%Vest166.44+0.034%Gate166.45+0.040%tradeXYZ166.46+0.046%Binance166.46+0.046%OKX166.48+0.058%Polymarket Perps166.48+0.058%Extended166.48+0.058%Bybit166.50+0.070%Ondo Perps166.50+0.070%Injective166.50+0.070%KuCoin166.51+0.076%
Nado
Orderly
Vest
Gate
tradeXYZ
Binance
OKX
Polymarket Perps
Extended
Bybit
Ondo Perps
Injective
KuCoinQFEX166.53+0.088%
ApeX Omni166.53+0.088%Bitget166.58+0.118%Lighter166.61+0.136%Paradex166.62+0.140%SoDEX166.62+0.142%Pacifica166.62+0.144%
ApeX Omni
Bitget
Lighter
Paradex
SoDEX
PacificaAster166.63+0.147%
Arcus166.63+0.148%RISEx166.63+0.151%Phemex166.71+0.196%Phoenix166.73+0.206%Aevo166.75+0.217%edgeX166.75+0.219%Coinbase International166.80+0.250%BloFin166.82+0.262%Deribit166.90+0.310%Variational Omni166.93+0.327%
Arcus
RISEx
Phemex
Phoenix
Aevo
Coinbase International
BloFin
Deribit
Variational OmniMSTR on 31 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Nado MSTR-PERP | −0.147% | +0.0014% | 1h | $128K | $256K | 3x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | −0.120% | +0.0100% | 8h | $3K | $12K | 10x | as long as short |
| Vest MSTR-USD-PERP | −0.114% | +0.0046% | 1h | — | $1.7M | 25x | as long as short |
| Gate MSTR_USDT | −0.108% | 0.0000% | 8h | $4.8M | $19.2M | 50x | as long as short |
| tradeXYZ xyz:MSTR | −0.102% | +0.0168% | 1h | $56.8M | $31.6M | 10x | as long as short |
| Binance MSTRUSDT | −0.102% | +0.0312% | 8h | $88.9M | $552.7M | 50x | as long as short |
| OKX MSTR-USDT-SWAP | −0.090% | +0.0266% | 8h | $22.3M | $101.6M | 50x | as long as short |
| Polymarket Perps MSTR-USD | −0.090% | +0.0050% | 1h | $406K | $2.2M | 10x | as long as short |
| Extended MSTR_24_5-USD | −0.089% | +0.0032% | 1h | $502K | $2.2M | 10x | as long as short |
| Bybit MSTRUSDT | −0.078% | +0.0231% | 8h | $15.5M | $43.3M | 50x | as long as short |
Show all 31 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Ondo Perps MSTR-USD.P | −0.078% | +0.0050% | 1h | $845K | $4.6M | 10x | as long as short |
| Injective MSTR/USDC PERP | −0.078% | +0.0033% | 1h | $12K | $97K | 30x | as long as short |
| KuCoin MSTRUSDTM | −0.072% | +0.0102% | 8h | $2.6M | $2.6M | 20x | as long as short |
| QFEX MSTR-USDshort | −0.060% | +0.0057% | 1h | $1.3M | $9.2M | 10x | |
| ApeX Omni MSTRUSDT | −0.060% | +0.0100% | 1h | $130K | $1.9M | 50x | as long as short |
| Bitget MSTRUSDT | −0.030% | +0.0324% | 8h | $29.0M | $110.9M | 25x | as long as short |
| Lighter MSTR | −0.012% | +0.0056% | 1h | $3.6M | $3.0M | 10x | as long as short |
| Paradex MSTR-USD-PERP | −0.008% | +0.0099% | 8h | $67 | — | 5x | as long as short |
| SoDEX MSTR-USD | −0.006% | +0.0050% | 1h | $44K | $3K | 10x | as long as short |
| Pacifica MSTR | −0.003% | +0.0100% | 1h | $102K | $153K | 10x | as long as short |
| Aster MSTRUSDTlong | 0.000% | +0.0312% | 8h | $1.3M | $6.0M | 50x | |
| Arcus MSTR-USD | 0.000% | +0.0705% | 1h | $26K | $126K | 10x | as long as short |
| RISEx MSTR/USDC | +0.003% | +0.0486% | 1h | $293K | $478K | 10x | as long as short |
| Phemex MSTRUSDT | +0.048% | 0.0000% | 4h | $2.8M | $37K | 10x | as long as short |
| Phoenix MSTR | +0.058% | +0.0216% | 1h | $54K | $364K | 10x | as long as short |
| Aevo MSTR-PERP | +0.070% | +0.0104% | 1h | $138 | — | 10x | as long as short |
| edgeX MSTRUSDC | +0.071% | +0.0023% | 4h | $37K | $4.8M | 10x | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.102% | +0.0112% | 1h | $1.5M | $1.2M | 10x | as long as short |
| BloFin MSTR-USDT | +0.114% | +0.0432% | 8h | $1.1M | $1.4M | 20x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.162% | +0.0950% | 1h | $284K | $453K | 10x | as long as short |
| Variational Omni MSTR | +0.179% | +0.0256% | 8h | $1.3M | $2.2M | — | as long as short |