After costs, if the gap returns to its 7d average, $10k−$27
spread now0.000%7d average−0.049%fees + slippage, in and out−$31spread needed0.315%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin MSTR-USDT | 166.99 | 0.0357 | pay 0.0357% / 8h | 6h 49m | $1.1M | $1.5M | 20x |
| Short | Polymarket Perps MSTR-USD | 166.99 | 0.0050 | get 0.0006% / 1h | 49m 49s | $405K | $2.3M | 10x |
BloFin MSTR-USDT
Polymarket Perps MSTR-USDPrice 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
- $0
- Funding while held
- −$9.2
- Slippage, 4 orders
- −$11.49
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$40.7
- Spread needed to break even
- 0.315%
Slippage from BloFin: live order book, 4 min ago; Polymarket Perps: live order book, 5 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0307%
- Per $10,000 a day
- −$9.20
- 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 | 0.60 bp | 7.2 bp −$7 | 7.8 bp −$78 | 15.8 bp −$1,576 | 20.3 bp −$10.1K |
| Sell Polymarket Perps live order book, 5 min ago | 2.10 bp | 7.0 bp −$7 | 10.6 bp −$106 | doesn't fit | doesn't fit |
MSTR price on every exchange
against the cheapest. Click to use as the short leg.Coinbase International166.53cheapestExtended166.63+0.061%tradeXYZ166.67+0.084%Lighter166.71+0.108%Nado166.72+0.112%SoDEX166.74+0.126%Deribit166.74+0.126%Binance166.78+0.151%Ondo Perps166.79+0.156%Phemex166.79+0.156%Aster166.79+0.157%KuCoin166.82+0.174%OKX166.84+0.186%Bitget166.85+0.192%Aevo166.86+0.196%Orderly166.86+0.198%edgeX166.87+0.202%Gate166.87+0.204%Bybit166.88+0.210%ApeX Omni166.91+0.228%Phoenix166.91+0.231%Pacifica166.94+0.243%QFEX166.94+0.246%Paradex166.95+0.255%RISEx166.98+0.268%Arcus166.99+0.276%
Coinbase International
Extended
tradeXYZ
Lighter
Nado
SoDEX
Deribit
Binance
Ondo Perps
Phemex
Aster
KuCoin
OKX
Bitget
Aevo
Orderly
Gate
Bybit
ApeX Omni
Phoenix
Pacifica
QFEX
Paradex
RISEx
ArcusPolymarket Perps166.99+0.276%
BloFin166.99+0.276%
Variational Omni167.00+0.284%Vest167.02+0.294%Injective167.08+0.330%
Variational Omni
Vest
InjectiveMSTR 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 | −0.275% | +0.0112% | 1h | $1.5M | $1.1M | 10x | as long as short |
| Extended MSTR_24_5-USD | −0.214% | +0.0032% | 1h | $495K | $2.1M | 10x | as long as short |
| tradeXYZ xyz:MSTR | −0.192% | +0.0050% | 1h | $56.6M | $32.0M | 10x | as long as short |
| Lighter MSTR | −0.168% | +0.0032% | 1h | $3.6M | $2.6M | 10x | as long as short |
| Nado MSTR-PERP | −0.163% | −0.0027% | 1h | $125K | $243K | 3x | as long as short |
| SoDEX MSTR-USD | −0.150% | +0.0050% | 1h | $44K | $3K | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | −0.150% | 0.0000% | 1h | $283K | $455K | 10x | as long as short |
| Binance MSTRUSDT | −0.125% | +0.0236% | 8h | $90.7M | $567.9M | 50x | as long as short |
| Ondo Perps MSTR-USD.P | −0.120% | +0.0050% | 1h | $824K | $4.6M | 10x | as long as short |
| Phemex MSTRUSDT | −0.120% | 0.0000% | 4h | $2.8M | $42K | 10x | as long as short |
Show all 31 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Aster MSTRUSDT | −0.119% | +0.0236% | 8h | $1.3M | $6.0M | 50x | as long as short |
| KuCoin MSTRUSDTM | −0.102% | +0.0100% | 8h | $2.5M | $2.6M | 20x | as long as short |
| OKX MSTR-USDT-SWAP | −0.090% | +0.0199% | 8h | $22.5M | $101.6M | 50x | as long as short |
| Bitget MSTRUSDT | −0.084% | +0.0265% | 8h | $28.7M | $111.7M | 25x | as long as short |
| Aevo MSTR-PERP | −0.080% | +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 |
| edgeX MSTRUSDC | −0.074% | +0.0914% | 4h | $49K | $5.0M | 10x | as long as short |
| Gate MSTR_USDT | −0.072% | 0.0000% | 8h | $4.8M | $18.3M | 50x | as long as short |
| Bybit MSTRUSDT | −0.066% | +0.0233% | 8h | $15.5M | $41.5M | 50x | as long as short |
| ApeX Omni MSTRUSDT | −0.048% | +0.0100% | 1h | $130K | $1.6M | 50x | as long as short |
| Phoenix MSTR | −0.045% | +0.0215% | 1h | $55K | $388K | 10x | as long as short |
| Pacifica MSTR | −0.033% | +0.0100% | 1h | $102K | $152K | 10x | as long as short |
| QFEX MSTR-USD | −0.030% | +0.0041% | 1h | $1.3M | $9.4M | 10x | as long as short |
| Paradex MSTR-USD-PERP | −0.021% | +0.0077% | 8h | $67 | — | 5x | as long as short |
| RISEx MSTR/USDC | −0.008% | +0.0017% | 1h | $295K | $467K | 10x | as long as short |
| Arcus MSTR-USD | 0.000% | +0.0599% | 1h | $26K | $130K | 10x | as long as short |
| Polymarket Perps MSTR-USDshort | 0.000% | +0.0050% | 1h | $405K | $2.3M | 10x | |
| BloFin MSTR-USDTlong | 0.000% | +0.0357% | 8h | $1.1M | $1.5M | 20x | |
| Variational Omni MSTR | +0.007% | +0.0185% | 8h | $1.3M | $2.2M | — | as long as short |
| Vest MSTR-USD-PERP | +0.018% | +0.0046% | 1h | — | $1.8M | 25x | as long as short |
| Injective MSTR/USDC PERP | +0.054% | +0.0249% | 1h | $12K | $68K | 30x | as long as short |