After costs, if the gap returns to its 7d average, $10k−$42
spread now−0.077%7d average−0.022%fees + slippage, in and out−$36spread needed0.364%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin MSTR-USDT | 166.57 | 0.0277 | pay 0.0277% / 8h | 5h 24m | $1.1M | $1.6M | 20x |
| Short | Aster MSTRUSDT | 166.44 | 0.0144 | get 0.0144% / 8h | 5h 24m | $1.3M | $6.1M | 50x |
BloFin MSTR-USDT
Aster MSTRUSDTPrice 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
- −$7.7
- Funding while held
- −$4
- Slippage, 4 orders
- −$16.42
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$48.12
- Spread needed to break even
- 0.364%
Slippage from BloFin: live order book, 5 min ago; Aster: live order book, 6 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0133%
- Per $10,000 a day
- −$4.00
- 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 BloFin live order book, 5 min ago | 1.81 bp | 8.1 bp −$8 | 10.5 bp −$105 | 19.6 bp −$1,961 | 46.6 bp −$23.3K |
| Sell Aster live order book, 6 min ago | 2.11 bp | 6.7 bp −$7 | 15.8 bp −$158 | doesn't fit | doesn't fit |
MSTR price on every exchange
against the cheapest. Click to use as the short leg.Coinbase International164.72cheapestApeX Omni166.03+0.795%Phoenix166.17+0.878%edgeX166.17+0.881%Nado166.26+0.935%Variational Omni166.40+1.018%Injective166.40+1.020%Ondo Perps166.43+1.038%Aevo166.43+1.039%Orderly166.44+1.044%Phemex166.44+1.044%
Coinbase International
ApeX Omni
Phoenix
Nado
Variational Omni
Injective
Ondo Perps
Aevo
Orderly
PhemexAster166.44+1.045%
Lighter166.49+1.075%Pacifica166.52+1.094%SoDEX166.54+1.105%Extended166.55+1.111%Gate166.55+1.111%KuCoin166.56+1.117%
Lighter
Pacifica
SoDEX
Extended
Gate
KuCoinBloFin166.57+1.123%
tradeXYZ166.58+1.129%Deribit166.59+1.135%OKX166.61+1.147%Binance166.62+1.153%QFEX166.63+1.160%Bitget166.63+1.160%Polymarket Perps166.64+1.166%RISEx166.64+1.167%Paradex166.65+1.169%Arcus166.68+1.190%Vest166.68+1.190%Bybit166.71+1.208%
tradeXYZ
Deribit
OKX
Binance
QFEX
Bitget
Polymarket Perps
RISEx
Paradex
Arcus
Vest
BybitMSTR 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 | −1.111% | +0.0104% | 1h | $1.4M | $1.1M | 10x | as long as short |
| ApeX Omni MSTRUSDT | −0.324% | +0.0100% | 1h | $4K | $1.4M | 50x | as long as short |
| Phoenix MSTR | −0.242% | +0.0237% | 1h | $55K | $384K | 10x | as long as short |
| edgeX MSTRUSDC | −0.239% | +0.0514% | 4h | $45K | $5.2M | 10x | as long as short |
| Nado MSTR-PERP | −0.186% | +0.0044% | 1h | $124K | $235K | 3x | as long as short |
| Variational Omni MSTR | −0.104% | +0.0103% | 8h | $1.2M | $2.4M | — | as long as short |
| Injective MSTR/USDC PERP | −0.102% | +0.0188% | 1h | $12K | $48K | 30x | as long as short |
| Ondo Perps MSTR-USD.P | −0.084% | +0.0050% | 1h | $777K | $4.7M | 10x | as long as short |
| Aevo MSTR-PERP | −0.083% | +0.0104% | 1h | $138 | — | 10x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | −0.078% | +0.0100% | 8h | $3K | $12K | 10x | as long as short |
Show all 31 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Phemex MSTRUSDT | −0.078% | 0.0000% | 4h | $2.8M | $46K | 10x | as long as short |
| Aster MSTRUSDTshort | −0.077% | +0.0144% | 8h | $1.3M | $6.1M | 50x | |
| Lighter MSTR | −0.048% | +0.0032% | 1h | $3.5M | $2.6M | 10x | as long as short |
| Pacifica MSTR | −0.028% | +0.0100% | 1h | $102K | $153K | 10x | as long as short |
| SoDEX MSTR-USD | −0.018% | +0.0050% | 1h | $44K | $3K | 10x | as long as short |
| Extended MSTR_24_5-USD | −0.012% | +0.0032% | 1h | $577K | $2.1M | 10x | as long as short |
| Gate MSTR_USDT | −0.012% | 0.0000% | 8h | $4.8M | $18.7M | 50x | as long as short |
| KuCoin MSTRUSDTM | −0.006% | +0.0100% | 8h | $2.6M | $2.7M | 20x | as long as short |
| BloFin MSTR-USDTlong | 0.000% | +0.0277% | 8h | $1.1M | $1.6M | 20x | |
| tradeXYZ xyz:MSTR | +0.006% | +0.0087% | 1h | $56.6M | $33.8M | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.012% | +0.0471% | 1h | $283K | $483K | 10x | as long as short |
| OKX MSTR-USDT-SWAP | +0.024% | +0.0121% | 8h | $22.2M | $102.6M | 50x | as long as short |
| Binance MSTRUSDT | +0.030% | +0.0156% | 8h | $87.8M | $598.9M | 50x | as long as short |
| QFEX MSTR-USD | +0.036% | +0.0065% | 1h | $1.4M | $9.8M | 10x | as long as short |
| Bitget MSTRUSDT | +0.036% | +0.0223% | 8h | $28.6M | $113.1M | 25x | as long as short |
| Polymarket Perps MSTR-USD | +0.042% | +0.0050% | 1h | $404K | $2.3M | 10x | as long as short |
| RISEx MSTR/USDC | +0.043% | 0.0000% | 1h | $286K | $469K | 10x | as long as short |
| Paradex MSTR-USD-PERP | +0.045% | +0.0083% | 8h | $67 | — | 5x | as long as short |
| Arcus MSTR-USD | +0.066% | +0.0553% | 1h | $27K | $122K | 10x | as long as short |
| Vest MSTR-USD-PERP | +0.066% | +0.0046% | 1h | — | $1.9M | 25x | as long as short |
| Bybit MSTRUSDT | +0.084% | +0.0278% | 8h | $15.5M | $40.3M | 50x | as long as short |