After costs, if the gap returns to its 7d average, $10k−$27
spread now−0.021%7d average+0.023%fees + slippage, in and out−$23spread needed0.229%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance MSTRUSDT | 166.52 | 0.0311 | pay 0.0311% / 8h | 7h 54m | $90.0M | $554.4M | 50x |
| Short | RISEx MSTR/USDC | 166.49 | 0.0277 | get 0.0035% / 1h | 54m 27s | $293K | $477K | 10x |
Binance MSTRUSDT
RISEx MSTR/USDCPrice 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
- −$2.1
- Funding while held
- −$1
- Slippage, 4 orders
- −$6.88
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee RISEx: 3 bp × 2 orders
- −$6
- Net
- −$25.97
- Spread needed to break even
- 0.229%
Slippage from Binance: live order book, 6 min ago; RISEx: live order book, 55 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0033%
- Per $10,000 a day
- −$1.00
- 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, 6 min ago | 0.30 bp | 5.4 bp −$5 | 8.0 bp −$80 | 26.2 bp −$2,617 | 40.0 bp −$20.0K |
| Sell RISEx live order book, 55 min ago | 2.97 bp | 6.0 bp −$6 | 6.8 bp −$68 | doesn't fit | doesn't fit |
MSTR price on every exchange
against the cheapest. Click to use as the short leg.Ondo Perps166.21cheapestCoinbase International166.32+0.066%Nado166.35+0.086%Extended166.36+0.090%Vest166.40+0.114%Bitget166.41+0.120%ApeX Omni166.45+0.144%Polymarket Perps166.45+0.144%SoDEX166.45+0.144%Paradex166.48+0.159%Lighter166.48+0.162%OKX166.48+0.162%Gate166.48+0.162%KuCoin166.48+0.162%BloFin166.48+0.162%
Ondo Perps
Coinbase International
Nado
Extended
Vest
Bitget
ApeX Omni
Polymarket Perps
SoDEX
Paradex
Lighter
OKX
Gate
KuCoin
BloFinRISEx166.49+0.165%
Phemex166.49+0.168%Orderly166.50+0.174%Aevo166.50+0.177%tradeXYZ166.51+0.180%Deribit166.51+0.180%
Phemex
Orderly
Aevo
tradeXYZ
DeribitBinance166.52+0.187%
QFEX166.52+0.187%Bybit166.53+0.193%Phoenix166.54+0.197%Arcus166.54+0.199%Pacifica166.55+0.203%Injective166.56+0.211%Variational Omni166.57+0.219%Aster166.62+0.245%edgeX166.64+0.260%
QFEX
Bybit
Phoenix
Arcus
Pacifica
Injective
Variational Omni
AsterMSTR on 31 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Ondo Perps MSTR-USD.P | −0.186% | +0.0050% | 1h | $885K | $4.5M | 10x | as long as short |
| Coinbase International MSTR-PERP-INTX | −0.120% | +0.0112% | 1h | $1.5M | $1.2M | 10x | as long as short |
| Nado MSTR-PERP | −0.100% | +0.0170% | 1h | $125K | $257K | 3x | as long as short |
| Extended MSTR_24_5-USD | −0.096% | +0.0032% | 1h | $499K | $2.2M | 10x | as long as short |
| Vest MSTR-USD-PERP | −0.072% | +0.0046% | 1h | — | $1.7M | 25x | as long as short |
| Bitget MSTRUSDT | −0.066% | +0.0321% | 8h | $29.0M | $111.2M | 25x | as long as short |
| ApeX Omni MSTRUSDT | −0.042% | +0.0100% | 1h | $130K | $1.9M | 50x | as long as short |
| Polymarket Perps MSTR-USD | −0.042% | +0.0050% | 1h | $405K | $2.2M | 10x | as long as short |
| SoDEX MSTR-USD | −0.042% | +0.0050% | 1h | $44K | $3K | 10x | as long as short |
| Paradex MSTR-USD-PERP | −0.027% | +0.0107% | 8h | $67 | — | 5x | as long as short |
Show all 31 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Lighter MSTR | −0.024% | +0.0176% | 1h | $3.6M | $2.8M | 10x | as long as short |
| OKX MSTR-USDT-SWAP | −0.024% | +0.0267% | 8h | $22.4M | $101.5M | 50x | as long as short |
| Gate MSTR_USDT | −0.024% | 0.0000% | 8h | $4.8M | $18.6M | 50x | as long as short |
| KuCoin MSTRUSDTM | −0.024% | +0.0100% | 8h | $2.6M | $2.6M | 20x | as long as short |
| BloFin MSTR-USDT | −0.024% | +0.0431% | 8h | $1.1M | $1.4M | 20x | as long as short |
| RISEx MSTR/USDCshort | −0.021% | +0.0277% | 1h | $293K | $477K | 10x | |
| Phemex MSTRUSDT | −0.018% | 0.0000% | 4h | $2.8M | $38K | 10x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | −0.012% | +0.0100% | 8h | $3K | $12K | 10x | as long as short |
| Aevo MSTR-PERP | −0.009% | +0.0104% | 1h | $138 | — | 10x | as long as short |
| tradeXYZ xyz:MSTR | −0.006% | +0.0217% | 1h | $56.8M | $31.2M | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | −0.006% | +0.0892% | 1h | $283K | $453K | 10x | as long as short |
| Binance MSTRUSDTlong | 0.000% | +0.0311% | 8h | $90.0M | $554.4M | 50x | |
| QFEX MSTR-USD | 0.000% | +0.0041% | 1h | $1.3M | $9.2M | 10x | as long as short |
| Bybit MSTRUSDT | +0.006% | +0.0357% | 8h | $15.5M | $43.3M | 50x | as long as short |
| Phoenix MSTR | +0.010% | +0.0226% | 1h | $54K | $380K | 10x | as long as short |
| Arcus MSTR-USD | +0.012% | +0.0612% | 1h | $26K | $126K | 10x | as long as short |
| Pacifica MSTR | +0.016% | +0.0100% | 1h | $102K | $153K | 10x | as long as short |
| Injective MSTR/USDC PERP | +0.024% | +0.0312% | 1h | $12K | $93K | 30x | as long as short |
| Variational Omni MSTR | +0.033% | +0.0246% | 8h | $1.3M | $2.2M | — | as long as short |
| Aster MSTRUSDT | +0.058% | +0.0307% | 8h | $1.3M | $6.0M | 50x | as long as short |
| edgeX MSTRUSDC | +0.073% | +0.0207% | 4h | $44K | $4.9M | 10x | as long as short |