After costs, if the gap returns to its 7d average, $10k−$28
spread now+0.009%7d average+0.014%fees + slippage, in and out−$28spread needed0.277%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin MSTR-USDT | 166.39 | 0.0477 | pay 0.0477% / 8h | 24m 19s | $1.1M | $1.4M | 20x |
| Short | RISEx MSTR/USDC | 166.41 | 0.0486 | get 0.0061% / 1h | 24m 19s | $304K | $463K | 10x |
BloFin MSTR-USDT
RISEx MSTR/USDCPrice 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
- $0.92
- Funding while held
- $0.29
- Slippage, 4 orders
- −$9.71
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee RISEx: 3 bp × 2 orders
- −$6
- Net
- −$26.5
- Spread needed to break even
- 0.277%
Slippage from BloFin: live order book, 5 min ago; RISEx: live order book, 26 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0010%
- Per $10,000 a day
- +$0.29
- 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 | 0.30 bp | 6.8 bp −$7 | 10.6 bp −$106 | 28.8 bp −$2,880 | 55.6 bp −$27.8K |
| Sell RISEx live order book, 26 min ago | 2.97 bp | 6.0 bp −$6 | 6.8 bp −$68 | doesn't fit | doesn't fit |
MSTR price on every exchange
against the cheapest. Click to use as the short leg.ApeX Omni165.65cheapestPhoenix165.75+0.060%Ondo Perps165.76+0.066%Variational Omni165.81+0.097%Phemex165.99+0.205%Coinbase International166.13+0.290%SoDEX166.21+0.338%Vest166.22+0.344%Extended166.25+0.362%edgeX166.28+0.381%Nado166.29+0.386%QFEX166.31+0.398%Bitget166.31+0.398%tradeXYZ166.33+0.411%OKX166.34+0.417%Gate166.34+0.417%KuCoin166.34+0.417%Orderly166.34+0.417%Polymarket Perps166.35+0.423%Injective166.35+0.423%Aster166.36+0.430%Aevo166.36+0.432%Pacifica166.37+0.432%Lighter166.37+0.435%Paradex166.37+0.435%Binance166.39+0.447%
ApeX Omni
Phoenix
Ondo Perps
Variational Omni
Phemex
Coinbase International
SoDEX
Vest
Extended
Nado
QFEX
Bitget
tradeXYZ
OKX
Gate
KuCoin
Orderly
Polymarket Perps
Injective
Aster
Aevo
Pacifica
Lighter
Paradex
BinanceBloFin166.39+0.447%
Deribit166.40+0.453%
DeribitRISEx166.41+0.456%
Arcus166.42+0.465%Bybit166.45+0.483%
Arcus
BybitMSTR on 31 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| ApeX Omni MSTRUSDT | −0.445% | +0.0100% | 1h | $132K | $1.9M | 50x | as long as short |
| Phoenix MSTR | −0.385% | +0.0216% | 1h | $54K | $364K | 10x | as long as short |
| Ondo Perps MSTR-USD.P | −0.379% | +0.0050% | 1h | $895K | $4.5M | 10x | as long as short |
| Variational Omni MSTR | −0.348% | +0.0295% | 8h | $1.3M | $2.2M | — | as long as short |
| Phemex MSTRUSDT | −0.240% | 0.0000% | 4h | $2.8M | $36K | 10x | as long as short |
| Coinbase International MSTR-PERP-INTX | −0.156% | +0.0112% | 1h | $1.5M | $1.2M | 10x | as long as short |
| SoDEX MSTR-USD | −0.108% | +0.0050% | 1h | $44K | $3K | 10x | as long as short |
| Vest MSTR-USD-PERP | −0.102% | +0.0046% | 1h | — | $1.6M | 25x | as long as short |
| Extended MSTR_24_5-USD | −0.084% | +0.0048% | 1h | $505K | $2.2M | 10x | as long as short |
| edgeX MSTRUSDC | −0.065% | +0.0756% | 4h | $63K | $4.7M | 10x | as long as short |
Show all 31 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Nado MSTR-PERP | −0.060% | +0.0042% | 1h | $128K | $257K | 3x | as long as short |
| QFEX MSTR-USD | −0.048% | +0.0057% | 1h | $1.3M | $9.2M | 10x | as long as short |
| Bitget MSTRUSDT | −0.048% | +0.0356% | 8h | $28.9M | $110.7M | 25x | as long as short |
| tradeXYZ xyz:MSTR | −0.036% | +0.0206% | 1h | $57.0M | $31.4M | 10x | as long as short |
| OKX MSTR-USDT-SWAP | −0.030% | +0.0297% | 8h | $22.1M | $101.0M | 50x | as long as short |
| Gate MSTR_USDT | −0.030% | 0.0000% | 8h | $4.9M | $18.9M | 50x | as long as short |
| KuCoin MSTRUSDTM | −0.030% | +0.0144% | 8h | $2.6M | $2.6M | 20x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | −0.030% | +0.0100% | 8h | $3K | $12K | 10x | as long as short |
| Polymarket Perps MSTR-USD | −0.024% | +0.0050% | 1h | $407K | $2.1M | 10x | as long as short |
| Injective MSTR/USDC PERP | −0.024% | +0.0033% | 1h | $12K | $97K | 30x | as long as short |
| Aster MSTRUSDT | −0.017% | +0.0360% | 8h | $1.3M | $5.9M | 50x | as long as short |
| Aevo MSTR-PERP | −0.015% | +0.0104% | 1h | $138 | — | 10x | as long as short |
| Pacifica MSTR | −0.015% | +0.0100% | 1h | $102K | $153K | 10x | as long as short |
| Lighter MSTR | −0.012% | +0.0104% | 1h | $3.6M | $2.9M | 10x | as long as short |
| Paradex MSTR-USD-PERP | −0.012% | +0.0118% | 8h | $67 | — | 5x | as long as short |
| Binance MSTRUSDT | 0.000% | +0.0355% | 8h | $88.5M | $538.6M | 50x | as long as short |
| BloFin MSTR-USDTlong | 0.000% | +0.0477% | 8h | $1.1M | $1.4M | 20x | |
| Deribit MSTR_USDC-PERPETUAL | +0.006% | +0.0592% | 1h | $283K | $461K | 10x | as long as short |
| RISEx MSTR/USDCshort | +0.009% | +0.0486% | 1h | $304K | $463K | 10x | |
| Arcus MSTR-USD | +0.018% | +0.0705% | 1h | $26K | $126K | 10x | as long as short |
| Bybit MSTRUSDT | +0.036% | +0.0244% | 8h | $15.5M | $43.7M | 50x | as long as short |