After costs, if the gap returns to its 7d average, $10k−$49
spread now−0.209%7d average−0.064%fees + slippage, in and out−$34spread needed0.342%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aster MSTRUSDT | 167.83 | 0.0408 | pay 0.0408% / 8h | 48m 47s | $1.3M | $5.9M | 50x |
| Short | tradeXYZ xyz:MSTR | 167.48 | 0.0267 | get 0.0033% / 1h | 48m 47s | $57.1M | $31.6M | 10x |
Aster MSTRUSDT
tradeXYZ xyz: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
- −$20.93
- Funding while held
- −$4.23
- Slippage, 4 orders
- −$8.18
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$59.35
- Spread needed to break even
- 0.342%
Slippage from Aster: live order book, 1 min ago; tradeXYZ: live order book, 12 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0141%
- Per $10,000 a day
- −$4.23
- 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, 1 min ago | 0.60 bp | 7.0 bp −$7 | 22.6 bp −$226 | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 12 min ago | 1.20 bp | 10.2 bp −$10 | 12.0 bp −$120 | 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%Phoenix167.26+0.239%Variational Omni167.40+0.326%Extended167.46+0.357%
Coinbase International
Injective
Phoenix
Variational Omni
ExtendedtradeXYZ167.48+0.372%
Lighter167.48+0.372%Phemex167.49+0.378%Bitget167.54+0.408%edgeX167.57+0.428%SoDEX167.60+0.443%OKX167.61+0.449%Gate167.61+0.449%KuCoin167.63+0.461%Binance167.67+0.485%Bybit167.70+0.503%ApeX Omni167.74+0.527%
Lighter
Phemex
Bitget
SoDEX
OKX
Gate
KuCoin
Binance
Bybit
ApeX OmniAster167.83+0.582%
Deribit167.85+0.593%BloFin167.85+0.593%Orderly167.87+0.605%Aevo167.90+0.625%Ondo Perps168.00+0.683%Nado168.04+0.708%Polymarket Perps168.11+0.749%Pacifica168.13+0.760%RISEx168.17+0.786%Paradex168.18+0.793%QFEX168.21+0.809%Vest168.23+0.821%Arcus168.27+0.845%
Deribit
BloFin
Orderly
Aevo
Ondo Perps
Nado
Polymarket Perps
Pacifica
RISEx
Paradex
QFEX
Vest
ArcusMSTR 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 | −0.579% | +0.0112% | 1h | $1.5M | $1.2M | 10x | as long as short |
| Injective MSTR/USDC PERP | −0.531% | +0.0033% | 1h | $12K | $97K | 30x | as long as short |
| Phoenix MSTR | −0.341% | +0.0216% | 1h | $55K | $364K | 10x | as long as short |
| Variational Omni MSTR | −0.255% | +0.0316% | 8h | $1.3M | $2.2M | — | as long as short |
| Extended MSTR_24_5-USD | −0.224% | +0.0064% | 1h | $514K | $2.3M | 10x | as long as short |
| tradeXYZ xyz:MSTRshort | −0.209% | +0.0267% | 1h | $57.1M | $31.6M | 10x | |
| Lighter MSTR | −0.209% | +0.0176% | 1h | $3.6M | $2.9M | 10x | as long as short |
| Phemex MSTRUSDT | −0.203% | 0.0000% | 4h | $2.8M | $32K | 10x | as long as short |
| Bitget MSTRUSDT | −0.174% | +0.0380% | 8h | $28.9M | $109.6M | 25x | as long as short |
| edgeX MSTRUSDC | −0.154% | +0.0081% | 4h | $61K | $4.6M | 10x | as long as short |
Show all 31 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| SoDEX MSTR-USD | −0.138% | +0.0050% | 1h | $44K | $3K | 10x | as long as short |
| OKX MSTR-USDT-SWAP | −0.132% | +0.0337% | 8h | $22.3M | $100.7M | 50x | as long as short |
| Gate MSTR_USDT | −0.132% | 0.0000% | 8h | $5.0M | $18.4M | 50x | as long as short |
| KuCoin MSTRUSDTM | −0.120% | +0.0182% | 8h | $2.6M | $2.6M | 20x | as long as short |
| Binance MSTRUSDT | −0.096% | +0.0387% | 8h | $89.5M | $528.0M | 50x | as long as short |
| Bybit MSTRUSDT | −0.078% | +0.0234% | 8h | $15.9M | $42.5M | 50x | as long as short |
| ApeX Omni MSTRUSDT | −0.054% | +0.0100% | 1h | $133K | $2.2M | 50x | as long as short |
| Aster MSTRUSDTlong | 0.000% | +0.0408% | 8h | $1.3M | $5.9M | 50x | |
| Deribit MSTR_USDC-PERPETUAL | +0.011% | +0.0764% | 1h | $285K | $456K | 10x | as long as short |
| BloFin MSTR-USDT | +0.011% | +0.0507% | 8h | $1.1M | $1.4M | 20x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.023% | +0.0100% | 8h | $3K | $14K | 10x | as long as short |
| Aevo MSTR-PERP | +0.042% | +0.0104% | 1h | $139 | — | 10x | as long as short |
| Ondo Perps MSTR-USD.P | +0.100% | +0.0050% | 1h | $915K | $4.6M | 10x | as long as short |
| Nado MSTR-PERP | +0.125% | +0.0100% | 1h | $129K | $259K | 3x | as long as short |
| Polymarket Perps MSTR-USD | +0.166% | +0.0124% | 1h | $415K | $2.0M | 10x | as long as short |
| Pacifica MSTR | +0.177% | +0.0100% | 1h | $103K | $167K | 10x | as long as short |
| RISEx MSTR/USDC | +0.202% | +0.0486% | 1h | $201K | $393K | 10x | as long as short |
| Paradex MSTR-USD-PERP | +0.210% | +0.0133% | 8h | $67 | — | 5x | as long as short |
| QFEX MSTR-USD | +0.226% | +0.0057% | 1h | $1.3M | $9.1M | 10x | as long as short |
| Vest MSTR-USD-PERP | +0.238% | +0.0046% | 1h | — | $1.5M | 25x | as long as short |
| Arcus MSTR-USD | +0.261% | +0.0705% | 1h | $27K | $122K | 10x | as long as short |