After costs, if the gap returns to its 7d average, $10k−$41
spread now+0.018%7d average+0.002%fees + slippage, in and out−$43spread needed0.429%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget MSTRUSDT | 166.32 | 0.0241 | pay 0.0241% / 8h | 6h 34m | $28.7M | $112.1M | 25x |
| Short | Gate MSTR_USDT | 166.35 | 0 | get 0.0000% / 8h | 6h 34m | $4.8M | $18.5M | 50x |
Bitget MSTRUSDT
Gate 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
- $1.8
- Funding while held
- −$7.23
- Slippage, 4 orders
- −$15.92
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$48.35
- Spread needed to break even
- 0.429%
Slippage from Bitget: live order book, 1 min ago; Gate: live order book, 1 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0241%
- Per $10,000 a day
- −$7.23
- 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 Bitget live order book, 1 min ago | 0.30 bp | 8.7 bp −$9 | 13.0 bp −$130 | 22.9 bp −$2,288 | doesn't fit |
| Sell Gate live order book, 1 min ago | 2.10 bp | 14.2 bp −$14 | 22.4 bp −$224 | 116.5 bp −$11.7K | doesn't fit |
MSTR price on every exchange
against the cheapest. Click to use as the short leg.Variational Omni165.70cheapestCoinbase International165.79+0.056%Phoenix165.79+0.056%Pacifica166.20+0.302%Injective166.20+0.303%Nado166.21+0.307%RISEx166.21+0.309%Paradex166.22+0.313%ApeX Omni166.23+0.321%Phemex166.23+0.321%Extended166.23+0.322%QFEX166.24+0.327%SoDEX166.25+0.333%Lighter166.28+0.352%KuCoin166.28+0.352%Binance166.29+0.359%Aevo166.30+0.363%Vest166.30+0.364%Orderly166.30+0.364%tradeXYZ166.31+0.370%Aster166.32+0.373%
Variational Omni
Coinbase International
Phoenix
Pacifica
Injective
Nado
RISEx
Paradex
ApeX Omni
Phemex
Extended
QFEX
SoDEX
Lighter
KuCoin
Binance
Aevo
Vest
Orderly
tradeXYZ
AsterBitget166.32+0.376%
edgeX166.32+0.377%Gate166.35+0.394%
BloFin166.35+0.394%OKX166.36+0.400%Deribit166.37+0.406%Polymarket Perps166.38+0.412%Arcus166.39+0.418%Bybit166.40+0.424%Ondo Perps166.40+0.424%
BloFin
OKX
Deribit
Polymarket Perps
Arcus
Bybit
Ondo PerpsMSTR on 31 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Variational Omni MSTR | −0.374% | +0.0152% | 8h | $1.2M | $2.2M | — | as long as short |
| Coinbase International MSTR-PERP-INTX | −0.319% | +0.0112% | 1h | $1.5M | $1.1M | 10x | as long as short |
| Phoenix MSTR | −0.318% | +0.0215% | 1h | $53K | $388K | 10x | as long as short |
| Pacifica MSTR | −0.073% | +0.0100% | 1h | $102K | $152K | 10x | as long as short |
| Injective MSTR/USDC PERP | −0.072% | +0.0249% | 1h | $12K | $68K | 30x | as long as short |
| Nado MSTR-PERP | −0.068% | −0.0055% | 1h | $125K | $243K | 3x | as long as short |
| RISEx MSTR/USDC | −0.066% | +0.0017% | 1h | $286K | $471K | 10x | as long as short |
| Paradex MSTR-USD-PERP | −0.062% | +0.0070% | 8h | $66 | — | 5x | as long as short |
| ApeX Omni MSTRUSDT | −0.054% | +0.0100% | 1h | $4K | $1.4M | 50x | as long as short |
| Phemex MSTRUSDT | −0.054% | 0.0000% | 4h | $2.8M | $43K | 10x | as long as short |
Show all 31 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Extended MSTR_24_5-USD | −0.054% | +0.0032% | 1h | $493K | $2.0M | 10x | as long as short |
| QFEX MSTR-USD | −0.048% | +0.0041% | 1h | $1.3M | $9.5M | 10x | as long as short |
| SoDEX MSTR-USD | −0.042% | +0.0050% | 1h | $44K | $3K | 10x | as long as short |
| Lighter MSTR | −0.024% | +0.0032% | 1h | $3.5M | $2.6M | 10x | as long as short |
| KuCoin MSTRUSDTM | −0.024% | +0.0100% | 8h | $2.5M | $2.6M | 20x | as long as short |
| Binance MSTRUSDT | −0.017% | +0.0207% | 8h | $88.5M | $579.2M | 50x | as long as short |
| Aevo MSTR-PERP | −0.013% | +0.0104% | 1h | $138 | — | 10x | as long as short |
| Vest MSTR-USD-PERP | −0.012% | +0.0046% | 1h | — | $1.8M | 25x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | −0.012% | +0.0100% | 8h | $3K | $12K | 10x | as long as short |
| tradeXYZ xyz:MSTR | −0.006% | +0.0050% | 1h | $56.4M | $32.1M | 10x | as long as short |
| Aster MSTRUSDT | −0.002% | +0.0207% | 8h | $1.3M | $6.0M | 50x | as long as short |
| Bitget MSTRUSDTlong | 0.000% | +0.0241% | 8h | $28.7M | $112.1M | 25x | |
| edgeX MSTRUSDC | +0.001% | +0.0787% | 4h | $45K | $5.1M | 10x | as long as short |
| Gate MSTR_USDTshort | +0.018% | 0.0000% | 8h | $4.8M | $18.5M | 50x | |
| BloFin MSTR-USDT | +0.018% | +0.0326% | 8h | $1.1M | $1.5M | 20x | as long as short |
| OKX MSTR-USDT-SWAP | +0.024% | +0.0170% | 8h | $22.3M | $102.6M | 50x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.030% | +0.0592% | 1h | $283K | $455K | 10x | as long as short |
| Polymarket Perps MSTR-USD | +0.036% | +0.0050% | 1h | $403K | $2.3M | 10x | as long as short |
| Arcus MSTR-USD | +0.042% | +0.0599% | 1h | $27K | $130K | 10x | as long as short |
| Bybit MSTRUSDT | +0.048% | +0.0142% | 8h | $15.4M | $41.6M | 50x | as long as short |
| Ondo Perps MSTR-USD.P | +0.048% | +0.0050% | 1h | $752K | $4.7M | 10x | as long as short |