After costs, if the gap returns to its 7d average, $10k−$19
spread now+0.144%7d average−0.008%fees + slippage, in and out−$34spread needed0.341%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget MSTRUSDT | 167.13 | 0.0287 | pay 0.0287% / 8h | 7h 02m | $28.8M | $111.5M | 25x |
| Short | BloFin MSTR-USDT | 167.37 | 0.0386 | get 0.0386% / 8h | 7h 02m | $1.1M | $1.5M | 20x |
Bitget MSTRUSDT
BloFin MSTR-USDTPrice 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
- $14.36
- Funding while held
- $2.98
- Slippage, 4 orders
- −$10.06
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$16.72
- Spread needed to break even
- 0.341%
Slippage from Bitget: live order book, 3 min ago; BloFin: live order book, 2 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0099%
- Per $10,000 a day
- +$2.98
- 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 Bitget live order book, 3 min ago | 0.30 bp | 10.0 bp −$10 | 14.5 bp −$145 | 35.4 bp −$3,536 | doesn't fit |
| Sell BloFin live order book, 2 min ago | 1.19 bp | 8.2 bp −$8 | 11.7 bp −$117 | 22.4 bp −$2,235 | 50.2 bp −$25.1K |
MSTR price on every exchange
against the cheapest. Click to use as the short leg.Injective165.38cheapestBinance167.08+1.028%Ondo Perps167.12+1.052%ApeX Omni167.12+1.052%Bybit167.13+1.058%
Injective
Binance
Ondo Perps
ApeX Omni
BybitBitget167.13+1.058%
Extended167.13+1.061%tradeXYZ167.14+1.064%KuCoin167.14+1.064%OKX167.16+1.076%Variational Omni167.17+1.082%Polymarket Perps167.17+1.082%RISEx167.23+1.119%Coinbase International167.24+1.125%edgeX167.24+1.127%Lighter167.26+1.137%Paradex167.27+1.145%Pacifica167.28+1.146%QFEX167.28+1.149%Aster167.28+1.150%Gate167.29+1.155%Arcus167.30+1.161%
Extended
tradeXYZ
KuCoin
OKX
Variational Omni
Polymarket Perps
RISEx
Coinbase International
Lighter
Paradex
Pacifica
QFEX
Aster
Gate
ArcusBloFin167.37+1.203%
SoDEX167.39+1.215%Vest167.40+1.221%Orderly167.40+1.221%Phemex167.40+1.221%Aevo167.43+1.239%Nado167.44+1.247%Deribit167.47+1.264%Phoenix167.68+1.392%
SoDEX
Vest
Orderly
Phemex
Aevo
Nado
Deribit
PhoenixMSTR on 31 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective MSTR/USDC PERP | −1.047% | +0.0312% | 1h | $12K | $93K | 30x | as long as short |
| Binance MSTRUSDT | −0.030% | +0.0261% | 8h | $91.5M | $566.0M | 50x | as long as short |
| Ondo Perps MSTR-USD.P | −0.006% | +0.0050% | 1h | $848K | $4.6M | 10x | as long as short |
| ApeX Omni MSTRUSDT | −0.006% | +0.0100% | 1h | $130K | $1.7M | 50x | as long as short |
| Bybit MSTRUSDT | 0.000% | +0.0278% | 8h | $15.5M | $41.5M | 50x | as long as short |
| Bitget MSTRUSDTlong | 0.000% | +0.0287% | 8h | $28.8M | $111.5M | 25x | |
| Extended MSTR_24_5-USD | +0.002% | +0.0032% | 1h | $495K | $2.1M | 10x | as long as short |
| tradeXYZ xyz:MSTR | +0.006% | +0.0123% | 1h | $57.1M | $32.0M | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.006% | +0.0100% | 8h | $2.6M | $2.6M | 20x | as long as short |
| OKX MSTR-USDT-SWAP | +0.018% | +0.0223% | 8h | $22.7M | $101.6M | 50x | as long as short |
Show all 31 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Variational Omni MSTR | +0.023% | +0.0216% | 8h | $1.3M | $2.3M | — | as long as short |
| Polymarket Perps MSTR-USD | +0.024% | +0.0050% | 1h | $405K | $2.3M | 10x | as long as short |
| RISEx MSTR/USDC | +0.060% | +0.0277% | 1h | $296K | $467K | 10x | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.066% | +0.0112% | 1h | $1.5M | $1.1M | 10x | as long as short |
| edgeX MSTRUSDC | +0.068% | +0.0240% | 4h | $49K | $5.0M | 10x | as long as short |
| Lighter MSTR | +0.078% | +0.0032% | 1h | $3.6M | $2.8M | 10x | as long as short |
| Paradex MSTR-USD-PERP | +0.086% | +0.0086% | 8h | $67 | — | 5x | as long as short |
| Pacifica MSTR | +0.087% | +0.0100% | 1h | $102K | $152K | 10x | as long as short |
| QFEX MSTR-USD | +0.090% | +0.0041% | 1h | $1.3M | $9.4M | 10x | as long as short |
| Aster MSTRUSDT | +0.091% | +0.0264% | 8h | $1.3M | $6.0M | 50x | as long as short |
| Gate MSTR_USDT | +0.096% | 0.0000% | 8h | $4.9M | $19.3M | 50x | as long as short |
| Arcus MSTR-USD | +0.102% | +0.0612% | 1h | $26K | $128K | 10x | as long as short |
| BloFin MSTR-USDTshort | +0.144% | +0.0386% | 8h | $1.1M | $1.5M | 20x | |
| SoDEX MSTR-USD | +0.156% | +0.0050% | 1h | $44K | $3K | 10x | as long as short |
| Vest MSTR-USD-PERP | +0.162% | +0.0046% | 1h | — | $1.8M | 25x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.162% | +0.0100% | 8h | $3K | $12K | 10x | as long as short |
| Phemex MSTRUSDT | +0.162% | 0.0000% | 4h | $2.8M | $41K | 10x | as long as short |
| Aevo MSTR-PERP | +0.179% | +0.0104% | 1h | $139 | — | 10x | as long as short |
| Nado MSTR-PERP | +0.186% | +0.0085% | 1h | $126K | $247K | 3x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.203% | +0.0407% | 1h | $285K | $455K | 10x | as long as short |
| Phoenix MSTR | +0.330% | +0.0226% | 1h | $56K | $380K | 10x | as long as short |