After costs, if the gap returns to its 7d average, $10k−$51
spread now−0.045%7d average−0.021%fees + slippage, in and out−$49spread needed0.489%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin MSTR-USDT | 165.87 | 0.0549 | pay 0.0549% / 8h | 1h 35m | $1.1M | $1.4M | 20x |
| Short | Pacifica MSTR | 165.79 | 0.0100 | get 0.0013% / 1h | 35m 13s | $101K | $176K | 10x |
BloFin MSTR-USDT
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
- −$4.52
- Funding while held
- −$13.47
- Slippage, 4 orders
- −$28.89
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Net
- −$66.88
- Spread needed to break even
- 0.489%
Slippage from BloFin: live order book, 4 min ago; Pacifica: live order book, 19 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0449%
- Per $10,000 a day
- −$13.47
- 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, 4 min ago | 0.61 bp | 7.1 bp −$7 | 9.2 bp −$92 | 31.9 bp −$3,194 | doesn't fit |
| Sell Pacifica live order book, 19 min ago | 3.17 bp | 19.9 bp −$20 | 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 International164.86cheapestInjective165.09+0.140%edgeX165.32+0.277%ApeX Omni165.44+0.352%Phoenix165.56+0.422%Ondo Perps165.68+0.497%Nado165.68+0.498%Variational Omni165.68+0.500%tradeXYZ165.72+0.522%Vest165.78+0.558%Extended165.79+0.563%
Coinbase International
Injective
ApeX Omni
Phoenix
Ondo Perps
Nado
Variational Omni
tradeXYZ
Vest
ExtendedPacifica165.79+0.567%
Gate165.80+0.570%QFEX165.83+0.588%Paradex165.84+0.593%Polymarket Perps165.84+0.594%Bitget165.85+0.601%OKX165.86+0.607%
Gate
QFEX
Paradex
Polymarket Perps
Bitget
OKXBloFin165.87+0.613%
Binance165.89+0.625%KuCoin165.89+0.625%Orderly165.89+0.625%Bybit165.90+0.631%Lighter165.91+0.637%Arcus165.92+0.643%RISEx165.93+0.648%SoDEX165.93+0.649%Aster165.94+0.654%Phemex165.95+0.661%Aevo165.96+0.666%Deribit166.02+0.704%
Binance
KuCoin
Orderly
Bybit
Lighter
Arcus
RISEx
SoDEX
Aster
Phemex
Aevo
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 | −0.609% | +0.0160% | 1h | $1.5M | $1.2M | 10x | as long as short |
| Injective MSTR/USDC PERP | −0.470% | −0.0440% | 1h | $12K | $103K | 30x | as long as short |
| edgeX MSTRUSDC | −0.334% | +0.0293% | 4h | $61K | $4.1M | 10x | as long as short |
| ApeX Omni MSTRUSDT | −0.259% | +0.0100% | 1h | $131K | $2.4M | 50x | as long as short |
| Phoenix MSTR | −0.189% | +0.0320% | 1h | $54K | $334K | 10x | as long as short |
| Ondo Perps MSTR-USD.P | −0.115% | +0.0050% | 1h | $840K | $4.3M | 10x | as long as short |
| Nado MSTR-PERP | −0.114% | +0.0062% | 1h | $155K | $245K | 3x | as long as short |
| Variational Omni MSTR | −0.112% | +0.0350% | 8h | $1.3M | $2.1M | — | as long as short |
| tradeXYZ xyz:MSTR | −0.090% | +0.0164% | 1h | $56.3M | $29.6M | 10x | as long as short |
| Vest MSTR-USD-PERP | −0.054% | +0.0046% | 1h | — | $1.3M | 25x | 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 | −0.049% | +0.0032% | 1h | $489K | $2.2M | 10x | as long as short |
| Pacifica MSTRshort | −0.045% | +0.0100% | 1h | $101K | $176K | 10x | |
| Gate MSTR_USDT | −0.042% | 0.0000% | 8h | $5.0M | $18.5M | 50x | as long as short |
| QFEX MSTR-USD | −0.024% | +0.0057% | 1h | $1.3M | $8.9M | 10x | as long as short |
| Paradex MSTR-USD-PERP | −0.019% | +0.0116% | 8h | $66 | — | 5x | as long as short |
| Polymarket Perps MSTR-USD | −0.018% | +0.0050% | 1h | $419K | $1.7M | 10x | as long as short |
| Bitget MSTRUSDT | −0.012% | +0.0411% | 8h | $28.7M | $105.5M | 25x | as long as short |
| OKX MSTR-USDT-SWAP | −0.006% | +0.0369% | 8h | $21.7M | $95.7M | 50x | as long as short |
| BloFin MSTR-USDTlong | 0.000% | +0.0549% | 8h | $1.1M | $1.4M | 20x | |
| Binance MSTRUSDT | +0.012% | +0.0422% | 8h | $85.7M | $473.9M | 50x | as long as short |
| KuCoin MSTRUSDTM | +0.012% | +0.0119% | 8h | $3.2M | $2.1M | 20x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.012% | +0.0100% | 8h | $3K | $14K | 10x | as long as short |
| Bybit MSTRUSDT | +0.018% | +0.0198% | 8h | $15.8M | $41.4M | 50x | as long as short |
| Lighter MSTR | +0.024% | +0.0160% | 1h | $3.5M | $2.9M | 10x | as long as short |
| Arcus MSTR-USD | +0.030% | +0.0991% | 1h | $26K | $123K | 10x | as long as short |
| RISEx MSTR/USDC | +0.035% | +0.0566% | 1h | $193K | $391K | 10x | as long as short |
| SoDEX MSTR-USD | +0.036% | +0.0050% | 1h | $44K | $3K | 10x | as long as short |
| Aster MSTRUSDT | +0.041% | +0.0455% | 8h | $1.6M | $4.9M | 50x | as long as short |
| Phemex MSTRUSDT | +0.048% | 0.0000% | 4h | $2.8M | $30K | 10x | as long as short |
| Aevo MSTR-PERP | +0.053% | +0.0104% | 1h | $138 | — | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.090% | +0.0775% | 1h | $282K | $450K | 10x | as long as short |