After costs, if the gap returns to its 7d average, $10k−$29
spread now+0.086%7d average−0.032%fees + slippage, in and out−$41spread needed0.409%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget MSTRUSDT | 166.87 | 0.0335 | pay 0.0335% / 8h | 10m 25s | $28.9M | $110.6M | 25x |
| Short | Pacifica MSTR | 167.01 | 0.0100 | get 0.0013% / 1h | 10m 25s | $102K | $153K | 10x |
Bitget MSTRUSDT
Pacifica 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
- $8.58
- Funding while held
- −$7.05
- Slippage, 4 orders
- −$20.9
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Net
- −$39.37
- Spread needed to break even
- 0.409%
Slippage from Bitget: live order book, 5 min ago; Pacifica: live order book, 39 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0235%
- Per $10,000 a day
- −$7.05
- 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, 5 min ago | 0.90 bp | 9.6 bp −$10 | 12.9 bp −$129 | 27.2 bp −$2,719 | doesn't fit |
| Sell Pacifica live order book, 39 min ago | 2.06 bp | 14.9 bp −$15 | 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 International166.13cheapestedgeX166.48+0.212%Injective166.50+0.223%ApeX Omni166.53+0.241%Phoenix166.67+0.327%Extended166.78+0.393%Orderly166.86+0.439%Binance166.87+0.445%Ondo Perps166.87+0.445%
Coinbase International
Injective
ApeX Omni
Phoenix
Extended
Orderly
Binance
Ondo PerpsBitget166.87+0.445%
Phemex166.87+0.445%KuCoin166.88+0.451%tradeXYZ166.89+0.457%OKX166.90+0.463%Nado166.91+0.468%Gate166.91+0.470%SoDEX166.91+0.470%Polymarket Perps166.92+0.476%Variational Omni166.93+0.480%Aevo166.94+0.487%QFEX166.95+0.494%Bybit166.96+0.500%RISEx166.96+0.500%Aster166.97+0.506%Vest166.99+0.518%Paradex167.01+0.530%
Phemex
KuCoin
tradeXYZ
OKX
Nado
Gate
SoDEX
Polymarket Perps
Variational Omni
Aevo
QFEX
Bybit
RISEx
Aster
Vest
ParadexPacifica167.01+0.532%
Arcus167.02+0.536%Lighter167.05+0.554%BloFin167.08+0.572%Deribit167.14+0.608%
Arcus
Lighter
BloFin
DeribitMSTR 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 | −0.443% | +0.0112% | 1h | $1.5M | $1.2M | 10x | as long as short |
| edgeX MSTRUSDC | −0.232% | +0.0627% | 4h | $40K | $4.8M | 10x | as long as short |
| Injective MSTR/USDC PERP | −0.222% | +0.0033% | 1h | $12K | $97K | 30x | as long as short |
| ApeX Omni MSTRUSDT | −0.204% | +0.0100% | 1h | $130K | $1.9M | 50x | as long as short |
| Phoenix MSTR | −0.118% | +0.0216% | 1h | $54K | $364K | 10x | as long as short |
| Extended MSTR_24_5-USD | −0.053% | +0.0032% | 1h | $502K | $2.2M | 10x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | −0.006% | +0.0100% | 8h | $3K | $12K | 10x | as long as short |
| Binance MSTRUSDT | 0.000% | +0.0330% | 8h | $89.3M | $543.7M | 50x | as long as short |
| Ondo Perps MSTR-USD.P | 0.000% | +0.0050% | 1h | $845K | $4.6M | 10x | as long as short |
| Bitget MSTRUSDTlong | 0.000% | +0.0335% | 8h | $28.9M | $110.6M | 25x |
Show all 31 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Phemex MSTRUSDT | 0.000% | 0.0000% | 4h | $2.8M | $37K | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.006% | +0.0117% | 8h | $2.6M | $2.6M | 20x | as long as short |
| tradeXYZ xyz:MSTR | +0.012% | +0.0174% | 1h | $56.8M | $31.7M | 10x | as long as short |
| OKX MSTR-USDT-SWAP | +0.018% | +0.0274% | 8h | $22.1M | $101.2M | 50x | as long as short |
| Nado MSTR-PERP | +0.022% | +0.0024% | 1h | $128K | $257K | 3x | as long as short |
| Gate MSTR_USDT | +0.024% | 0.0000% | 8h | $4.9M | $19.1M | 50x | as long as short |
| SoDEX MSTR-USD | +0.024% | +0.0050% | 1h | $44K | $3K | 10x | as long as short |
| Polymarket Perps MSTR-USD | +0.030% | +0.0050% | 1h | $404K | $2.2M | 10x | as long as short |
| Variational Omni MSTR | +0.034% | +0.0270% | 8h | $1.3M | $2.2M | — | as long as short |
| Aevo MSTR-PERP | +0.042% | +0.0104% | 1h | $139 | — | 10x | as long as short |
| QFEX MSTR-USD | +0.048% | +0.0057% | 1h | $1.3M | $9.2M | 10x | as long as short |
| Bybit MSTRUSDT | +0.054% | +0.0233% | 8h | $15.6M | $43.3M | 50x | as long as short |
| RISEx MSTR/USDC | +0.054% | +0.0486% | 1h | $305K | $466K | 10x | as long as short |
| Aster MSTRUSDT | +0.060% | +0.0335% | 8h | $1.3M | $5.9M | 50x | as long as short |
| Vest MSTR-USD-PERP | +0.072% | +0.0046% | 1h | — | $1.7M | 25x | as long as short |
| Paradex MSTR-USD-PERP | +0.084% | +0.0102% | 8h | $67 | — | 5x | as long as short |
| Pacifica MSTRshort | +0.086% | +0.0100% | 1h | $102K | $153K | 10x | |
| Arcus MSTR-USD | +0.090% | +0.0705% | 1h | $26K | $126K | 10x | as long as short |
| Lighter MSTR | +0.108% | +0.0064% | 1h | $3.6M | $2.9M | 10x | as long as short |
| BloFin MSTR-USDT | +0.126% | +0.0452% | 8h | $1.1M | $1.4M | 20x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.162% | +0.0648% | 1h | $284K | $453K | 10x | as long as short |