After costs, if the gap returns to its 7d average, $10k−$35
spread now+0.012%7d average−0.012%fees + slippage, in and out−$38spread needed0.376%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin MSTR-USDT | 166.15 | 0.0429 | pay 0.0429% / 8h | 7h 38m | $1.1M | $1.4M | 20x |
| Short | edgeX MSTRUSDC | 166.17 | 0.0922 | get 0.0461% / 4h | 3h 38m | $44K | $4.9M | 10x |
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
- $1.22
- Funding while held
- $14.81
- Slippage, 4 orders
- −$16.56
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$21.53
- Spread needed to break even
- 0.376%
Slippage from BloFin: live order book, 6 min ago; edgeX: live order book, 2 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0494%
- Per $10,000 a day
- +$14.81
- 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, 6 min ago | 0.60 bp | 7.3 bp −$7 | 9.5 bp −$95 | 18.2 bp −$1,817 | 36.2 bp −$18.1K |
| Sell edgeX live order book, 2 min ago | 5.72 bp | 10.7 bp −$11 | 17.9 bp −$179 | doesn't fit | doesn't fit |
MSTR price on every exchange
against the cheapest. Click to use as the short leg.Phoenix165.76cheapestOndo Perps165.80+0.025%Nado165.81+0.034%Vest165.82+0.037%QFEX165.92+0.097%Polymarket Perps165.92+0.097%tradeXYZ165.94+0.109%Bitget165.94+0.109%Extended165.95+0.115%Paradex165.95+0.116%Gate165.96+0.121%Arcus165.97+0.127%Pacifica165.99+0.140%Lighter166.01+0.151%KuCoin166.01+0.151%RISEx166.01+0.153%ApeX Omni166.02+0.157%SoDEX166.03+0.163%OKX166.05+0.176%Aster166.07+0.187%Binance166.07+0.187%Phemex166.07+0.188%Orderly166.08+0.194%Variational Omni166.08+0.195%Bybit166.11+0.212%Deribit166.13+0.224%Coinbase International166.13+0.224%Aevo166.13+0.224%Injective166.15+0.236%
Phoenix
Ondo Perps
Nado
Vest
QFEX
Polymarket Perps
tradeXYZ
Bitget
Extended
Paradex
Gate
Arcus
Pacifica
Lighter
KuCoin
RISEx
ApeX Omni
SoDEX
OKX
Aster
Binance
Phemex
Orderly
Variational Omni
Bybit
Deribit
Coinbase International
Aevo
InjectiveBloFin166.15+0.236%
MSTR on 31 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Phoenix MSTR | −0.235% | +0.0226% | 1h | $55K | $380K | 10x | as long as short |
| Ondo Perps MSTR-USD.P | −0.211% | +0.0050% | 1h | $884K | $4.4M | 10x | as long as short |
| Nado MSTR-PERP | −0.202% | +0.0141% | 1h | $125K | $257K | 3x | as long as short |
| Vest MSTR-USD-PERP | −0.199% | +0.0046% | 1h | — | $1.7M | 25x | as long as short |
| QFEX MSTR-USD | −0.138% | +0.0041% | 1h | $1.3M | $9.3M | 10x | as long as short |
| Polymarket Perps MSTR-USD | −0.138% | +0.0050% | 1h | $409K | $2.3M | 10x | as long as short |
| tradeXYZ xyz:MSTR | −0.126% | +0.0163% | 1h | $56.7M | $31.2M | 10x | as long as short |
| Bitget MSTRUSDT | −0.126% | +0.0324% | 8h | $28.9M | $110.7M | 25x | as long as short |
| Extended MSTR_24_5-USD | −0.121% | +0.0032% | 1h | $499K | $2.2M | 10x | as long as short |
| Paradex MSTR-USD-PERP | −0.119% | +0.0110% | 8h | $66 | — | 5x | as long as short |
Show all 31 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Gate MSTR_USDT | −0.114% | 0.0000% | 8h | $4.8M | $18.8M | 50x | as long as short |
| Arcus MSTR-USD | −0.108% | +0.0612% | 1h | $26K | $126K | 10x | as long as short |
| Pacifica MSTR | −0.096% | +0.0100% | 1h | $101K | $152K | 10x | as long as short |
| Lighter MSTR | −0.084% | +0.0056% | 1h | $3.6M | $2.8M | 10x | as long as short |
| KuCoin MSTRUSDTM | −0.084% | +0.0100% | 8h | $2.5M | $2.6M | 20x | as long as short |
| RISEx MSTR/USDC | −0.083% | +0.0277% | 1h | $293K | $478K | 10x | as long as short |
| ApeX Omni MSTRUSDT | −0.078% | +0.0100% | 1h | $129K | $1.8M | 50x | as long as short |
| SoDEX MSTR-USD | −0.072% | +0.0050% | 1h | $44K | $3K | 10x | as long as short |
| OKX MSTR-USDT-SWAP | −0.060% | +0.0265% | 8h | $22.2M | $100.8M | 50x | as long as short |
| Aster MSTRUSDT | −0.049% | +0.0300% | 8h | $1.3M | $6.0M | 50x | as long as short |
| Binance MSTRUSDT | −0.048% | +0.0307% | 8h | $89.5M | $555.2M | 50x | as long as short |
| Phemex MSTRUSDT | −0.048% | 0.0000% | 4h | $2.8M | $39K | 10x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | −0.042% | +0.0100% | 8h | $3K | $12K | 10x | as long as short |
| Variational Omni MSTR | −0.041% | +0.0254% | 8h | $1.2M | $2.2M | — | as long as short |
| Bybit MSTRUSDT | −0.024% | +0.0386% | 8h | $15.4M | $41.7M | 50x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | −0.012% | +0.0714% | 1h | $282K | $454K | 10x | as long as short |
| Coinbase International MSTR-PERP-INTX | −0.012% | +0.0112% | 1h | $1.5M | $1.2M | 10x | as long as short |
| Aevo MSTR-PERP | −0.012% | +0.0104% | 1h | $138 | — | 10x | as long as short |
| Injective MSTR/USDC PERP | 0.000% | +0.0312% | 1h | $12K | $93K | 30x | as long as short |
| BloFin MSTR-USDTlong | 0.000% | +0.0429% | 8h | $1.1M | $1.4M | 20x | |
| edgeX MSTRUSDCshort | +0.012% | +0.0922% | 4h | $44K | $4.9M | 10x |