After costs, if the gap returns to its 7d average, $10k−$38
spread now+0.084%7d average−0.011%fees + slippage, in and out−$47spread needed0.475%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin MSTR-USDT | 166.01 | 0.0545 | pay 0.0545% / 8h | 1h 32m | $1.1M | $1.4M | 20x |
| Short | Gate MSTR_USDT | 166.15 | 0 | get 0.0000% / 8h | 1h 32m | $5.0M | $18.5M | 50x |
BloFin MSTR-USDT
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
- $8.43
- Funding while held
- −$16.35
- Slippage, 4 orders
- −$20.5
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$55.42
- Spread needed to break even
- 0.475%
Slippage from BloFin: live order book, 2 min ago; Gate: live order book, 3 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0545%
- Per $10,000 a day
- −$16.35
- 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, 2 min ago | 0.60 bp | 7.3 bp −$7 | 10.7 bp −$107 | 25.5 bp −$2,551 | doesn't fit |
| Sell Gate live order book, 3 min ago | 3.02 bp | 16.3 bp −$16 | 20.4 bp −$204 | 117.2 bp −$11.7K | doesn't fit |
MSTR price on every exchange
against the cheapest. Click to use as the short leg.Phoenix165.56cheapestVariational Omni165.68+0.078%Injective165.73+0.105%edgeX165.74+0.110%Ondo Perps165.82+0.159%ApeX Omni165.84+0.172%Coinbase International165.93+0.226%Nado165.94+0.229%Pacifica165.97+0.249%Polymarket Perps166.01+0.274%
Phoenix
Variational Omni
Injective
Ondo Perps
ApeX Omni
Coinbase International
Nado
Pacifica
Polymarket PerpsBloFin166.01+0.274%
Extended166.03+0.286%QFEX166.03+0.286%Paradex166.04+0.292%Vest166.05+0.298%Aster166.12+0.341%Arcus166.14+0.353%Orderly166.14+0.353%RISEx166.14+0.355%
Extended
QFEX
Paradex
Vest
Aster
Arcus
Orderly
RISExGate166.15+0.359%
Lighter166.17+0.371%SoDEX166.18+0.377%Aevo166.19+0.382%tradeXYZ166.19+0.383%Phemex166.19+0.383%Bitget166.23+0.407%Deribit166.24+0.413%KuCoin166.26+0.425%Binance166.27+0.430%Bybit166.28+0.437%OKX166.29+0.443%
Lighter
SoDEX
Aevo
tradeXYZ
Phemex
Bitget
Deribit
KuCoin
Binance
Bybit
OKXMSTR on 31 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Phoenix MSTR | −0.273% | +0.0320% | 1h | $53K | $334K | 10x | as long as short |
| Variational Omni MSTR | −0.196% | +0.0350% | 8h | $1.3M | $2.1M | — | as long as short |
| Injective MSTR/USDC PERP | −0.169% | −0.0440% | 1h | $12K | $123K | 30x | as long as short |
| edgeX MSTRUSDC | −0.163% | +0.0481% | 4h | $61K | $4.1M | 10x | as long as short |
| Ondo Perps MSTR-USD.P | −0.114% | +0.0050% | 1h | $840K | $4.3M | 10x | as long as short |
| ApeX Omni MSTRUSDT | −0.102% | +0.0100% | 1h | $132K | $2.4M | 50x | as long as short |
| Coinbase International MSTR-PERP-INTX | −0.048% | +0.0160% | 1h | $1.5M | $1.2M | 10x | as long as short |
| Nado MSTR-PERP | −0.045% | +0.0073% | 1h | $155K | $245K | 3x | as long as short |
| Pacifica MSTR | −0.025% | +0.0100% | 1h | $101K | $176K | 10x | as long as short |
| Polymarket Perps MSTR-USD | 0.000% | +0.0050% | 1h | $419K | $1.7M | 10x | as long as short |
Show all 31 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| BloFin MSTR-USDTlong | 0.000% | +0.0545% | 8h | $1.1M | $1.4M | 20x | |
| Extended MSTR_24_5-USD | +0.012% | +0.0032% | 1h | $493K | $2.2M | 10x | as long as short |
| QFEX MSTR-USD | +0.012% | +0.0057% | 1h | $1.3M | $8.9M | 10x | as long as short |
| Paradex MSTR-USD-PERP | +0.018% | +0.0116% | 8h | $66 | — | 5x | as long as short |
| Vest MSTR-USD-PERP | +0.024% | +0.0046% | 1h | — | $1.3M | 25x | as long as short |
| Aster MSTRUSDT | +0.066% | +0.0450% | 8h | $1.6M | $4.9M | 50x | as long as short |
| Arcus MSTR-USD | +0.078% | +0.0991% | 1h | $26K | $123K | 10x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.078% | +0.0100% | 8h | $3K | $14K | 10x | as long as short |
| RISEx MSTR/USDC | +0.080% | +0.0566% | 1h | $193K | $391K | 10x | as long as short |
| Gate MSTR_USDTshort | +0.084% | 0.0000% | 8h | $5.0M | $18.5M | 50x | |
| Lighter MSTR | +0.096% | +0.0152% | 1h | $3.6M | $2.9M | 10x | as long as short |
| SoDEX MSTR-USD | +0.102% | +0.0050% | 1h | $44K | $3K | 10x | as long as short |
| Aevo MSTR-PERP | +0.107% | +0.0104% | 1h | $138 | — | 10x | as long as short |
| tradeXYZ xyz:MSTR | +0.108% | +0.0179% | 1h | $56.7M | $29.8M | 10x | as long as short |
| Phemex MSTRUSDT | +0.108% | 0.0000% | 4h | $2.8M | $30K | 10x | as long as short |
| Bitget MSTRUSDT | +0.133% | +0.0407% | 8h | $28.7M | $105.8M | 25x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.139% | +0.0834% | 1h | $283K | $450K | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.151% | +0.0130% | 8h | $3.2M | $2.1M | 20x | as long as short |
| Binance MSTRUSDT | +0.155% | +0.0419% | 8h | $85.9M | $475.6M | 50x | as long as short |
| Bybit MSTRUSDT | +0.163% | +0.0203% | 8h | $15.8M | $41.4M | 50x | as long as short |
| OKX MSTR-USDT-SWAP | +0.169% | +0.0366% | 8h | $21.9M | $96.4M | 50x | as long as short |