After costs, if the gap returns to its 7d average, $10k−$59
spread now−0.063%7d average−0.024%fees + slippage, in and out−$55spread needed0.549%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance MSTRUSDT | 165.89 | 0.0180 | pay 0.0180% / 8h | 5h 46m | $87.6M | $598.2M | 50x |
| Short | KuCoin MSTRUSDTM | 165.79 | 0.0100 | get 0.0100% / 8h | 5h 46m | $2.6M | $2.7M | 20x |
Binance MSTRUSDT
KuCoin MSTRUSDTMPrice 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
- −$6.29
- Funding while held
- −$2.41
- Slippage, 4 orders
- −$32.88
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$63.59
- Spread needed to break even
- 0.549%
Slippage from Binance: live order book, 14 min ago; KuCoin: live order book, 7 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0080%
- Per $10,000 a day
- −$2.41
- 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 Binance live order book, 14 min ago | 0.60 bp | 6.2 bp −$6 | 8.7 bp −$87 | 20.8 bp −$2,076 | 66.6 bp −$33.3K |
| Sell KuCoin live order book, 7 min ago | 2.11 bp | 21.9 bp −$22 | 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 International164.72cheapestInjective165.62+0.546%Extended165.76+0.629%tradeXYZ165.77+0.637%Deribit165.77+0.637%SoDEX165.78+0.644%
Coinbase International
Injective
Extended
tradeXYZ
Deribit
SoDEXKuCoin165.79+0.650%
Pacifica165.80+0.655%Phemex165.81+0.662%Aevo165.82+0.668%Lighter165.84+0.680%Aster165.84+0.680%Paradex165.85+0.683%Orderly165.85+0.686%Gate165.86+0.692%QFEX165.87+0.698%Nado165.88+0.703%BloFin165.88+0.704%RISEx165.89+0.710%ApeX Omni165.89+0.710%
Pacifica
Phemex
Aevo
Lighter
Aster
Paradex
Orderly
Gate
QFEX
Nado
BloFin
RISEx
ApeX OmniBinance165.89+0.713%
Ondo Perps165.90+0.716%Bitget165.92+0.729%edgeX165.92+0.731%Arcus165.94+0.741%Polymarket Perps165.94+0.741%OKX165.96+0.753%Bybit165.97+0.759%Phoenix165.97+0.759%Variational Omni166.02+0.789%Vest166.05+0.807%
Ondo Perps
Bitget
Arcus
Polymarket Perps
OKX
Bybit
Phoenix
Variational Omni
VestMSTR 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 | −0.708% | +0.0104% | 1h | $1.4M | $1.1M | 10x | as long as short |
| Injective MSTR/USDC PERP | −0.165% | +0.0188% | 1h | $12K | $48K | 30x | as long as short |
| Extended MSTR_24_5-USD | −0.083% | +0.0032% | 1h | $574K | $2.1M | 10x | as long as short |
| tradeXYZ xyz:MSTR | −0.075% | +0.0091% | 1h | $56.2M | $33.8M | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | −0.075% | +0.0293% | 1h | $282K | $488K | 10x | as long as short |
| SoDEX MSTR-USD | −0.069% | +0.0050% | 1h | $44K | $3K | 10x | as long as short |
| KuCoin MSTRUSDTMshort | −0.063% | +0.0100% | 8h | $2.6M | $2.7M | 20x | |
| Pacifica MSTR | −0.058% | +0.0100% | 1h | $101K | $153K | 10x | as long as short |
| Phemex MSTRUSDT | −0.051% | 0.0000% | 4h | $2.8M | $45K | 10x | as long as short |
| Aevo MSTR-PERP | −0.044% | +0.0104% | 1h | $138 | — | 10x | as long as short |
Show all 31 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Lighter MSTR | −0.033% | +0.0032% | 1h | $3.5M | $2.6M | 10x | as long as short |
| Aster MSTRUSDT | −0.033% | +0.0169% | 8h | $1.3M | $6.1M | 50x | as long as short |
| Paradex MSTR-USD-PERP | −0.030% | +0.0100% | 8h | $66 | — | 5x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | −0.027% | +0.0100% | 8h | $3K | $12K | 10x | as long as short |
| Gate MSTR_USDT | −0.021% | 0.0000% | 8h | $4.8M | $18.5M | 50x | as long as short |
| QFEX MSTR-USD | −0.015% | +0.0065% | 1h | $1.4M | $9.7M | 10x | as long as short |
| Nado MSTR-PERP | −0.009% | +0.0101% | 1h | $124K | $240K | 3x | as long as short |
| BloFin MSTR-USDT | −0.009% | +0.0301% | 8h | $1.1M | $1.6M | 20x | as long as short |
| RISEx MSTR/USDC | −0.003% | 0.0000% | 1h | $296K | $469K | 10x | as long as short |
| ApeX Omni MSTRUSDT | −0.003% | +0.0100% | 1h | $4K | $1.4M | 50x | as long as short |
| Binance MSTRUSDTlong | 0.000% | +0.0180% | 8h | $87.6M | $598.2M | 50x | |
| Ondo Perps MSTR-USD.P | +0.003% | +0.0050% | 1h | $775K | $4.7M | 10x | as long as short |
| Bitget MSTRUSDT | +0.015% | +0.0237% | 8h | $28.5M | $112.9M | 25x | as long as short |
| edgeX MSTRUSDC | +0.018% | +0.0685% | 4h | $44K | $5.2M | 10x | as long as short |
| Arcus MSTR-USD | +0.027% | +0.0553% | 1h | $27K | $119K | 10x | as long as short |
| Polymarket Perps MSTR-USD | +0.027% | +0.0050% | 1h | $400K | $2.3M | 10x | as long as short |
| OKX MSTR-USDT-SWAP | +0.040% | +0.0142% | 8h | $22.0M | $102.0M | 50x | as long as short |
| Bybit MSTRUSDT | +0.046% | +0.0288% | 8h | $15.4M | $40.3M | 50x | as long as short |
| Phoenix MSTR | +0.046% | +0.0237% | 1h | $55K | $384K | 10x | as long as short |
| Variational Omni MSTR | +0.075% | +0.0135% | 8h | $1.2M | $2.4M | — | as long as short |
| Vest MSTR-USD-PERP | +0.094% | +0.0046% | 1h | — | $1.8M | 25x | as long as short |