After costs, if the gap returns to its 7d average, $10k−$42
spread now−0.054%7d average+0.013%fees + slippage, in and out−$35spread needed0.355%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit MSTRUSDT | 167.74 | 0.0234 | pay 0.0234% / 8h | 46m 32s | $15.9M | $42.9M | 50x |
| Short | Bitget MSTRUSDT | 167.65 | 0.0379 | get 0.0379% / 8h | 46m 32s | $28.9M | $109.7M | 25x |
Bybit MSTRUSDT
Bitget MSTRUSDTPrice 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
- −$5.37
- Funding while held
- $4.36
- Slippage, 4 orders
- −$12.46
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$36.47
- Spread needed to break even
- 0.355%
Slippage from Bybit: live order book, 4 min ago; Bitget: live order book, 4 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0145%
- Per $10,000 a day
- +$4.36
- 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 Bybit live order book, 4 min ago | 0.60 bp | 9.3 bp −$9 | 16.2 bp −$162 | 66.0 bp −$6,598 | doesn't fit |
| Sell Bitget live order book, 4 min ago | 1.19 bp | 8.4 bp −$8 | 12.4 bp −$124 | 24.2 bp −$2,418 | doesn't fit |
MSTR price on every exchange
against the cheapest. Click to use as the short leg.Coinbase International166.86cheapestInjective166.94+0.048%Phoenix167.38+0.313%Variational Omni167.40+0.326%Extended167.47+0.368%Phemex167.48+0.372%Nado167.53+0.399%Orderly167.57+0.426%Ondo Perps167.60+0.443%Polymarket Perps167.62+0.455%tradeXYZ167.63+0.461%Deribit167.63+0.461%Paradex167.64+0.466%QFEX167.64+0.467%SoDEX167.64+0.467%Aevo167.65+0.472%
Coinbase International
Injective
Phoenix
Variational Omni
Extended
Phemex
Nado
Orderly
Ondo Perps
Polymarket Perps
tradeXYZ
Deribit
Paradex
QFEX
SoDEX
AevoBitget167.65+0.473%
Binance167.66+0.479%Pacifica167.66+0.482%Lighter167.67+0.485%KuCoin167.67+0.485%Aster167.69+0.497%BloFin167.69+0.497%Gate167.70+0.503%Vest167.71+0.509%OKX167.72+0.515%Arcus167.72+0.515%ApeX Omni167.72+0.515%
Binance
Pacifica
Lighter
KuCoin
Aster
BloFin
Gate
Vest
OKX
Arcus
ApeX OmniBybit167.74+0.527%
RISEx167.75+0.530%edgeX168.07+0.727%
RISExMSTR 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 | −0.525% | +0.0112% | 1h | $1.5M | $1.2M | 10x | as long as short |
| Injective MSTR/USDC PERP | −0.477% | +0.0033% | 1h | $12K | $97K | 30x | as long as short |
| Phoenix MSTR | −0.213% | +0.0216% | 1h | $54K | $364K | 10x | as long as short |
| Variational Omni MSTR | −0.200% | +0.0316% | 8h | $1.3M | $2.2M | — | as long as short |
| Extended MSTR_24_5-USD | −0.159% | +0.0064% | 1h | $510K | $2.3M | 10x | as long as short |
| Phemex MSTRUSDT | −0.155% | 0.0000% | 4h | $2.8M | $35K | 10x | as long as short |
| Nado MSTR-PERP | −0.128% | +0.0096% | 1h | $129K | $263K | 3x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | −0.101% | +0.0100% | 8h | $3K | $14K | 10x | as long as short |
| Ondo Perps MSTR-USD.P | −0.083% | +0.0050% | 1h | $917K | $4.6M | 10x | as long as short |
| Polymarket Perps MSTR-USD | −0.072% | +0.0114% | 1h | $411K | $2.1M | 10x | as long as short |
Show all 31 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:MSTR | −0.066% | +0.0272% | 1h | $57.3M | $31.6M | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | −0.066% | +0.0945% | 1h | $285K | $456K | 10x | as long as short |
| Paradex MSTR-USD-PERP | −0.061% | +0.0133% | 8h | $67 | — | 5x | as long as short |
| QFEX MSTR-USD | −0.060% | +0.0057% | 1h | $1.3M | $9.1M | 10x | as long as short |
| SoDEX MSTR-USD | −0.060% | +0.0050% | 1h | $44K | $3K | 10x | as long as short |
| Aevo MSTR-PERP | −0.055% | +0.0104% | 1h | $139 | — | 10x | as long as short |
| Bitget MSTRUSDTshort | −0.054% | +0.0379% | 8h | $28.9M | $109.7M | 25x | |
| Binance MSTRUSDT | −0.048% | +0.0385% | 8h | $89.5M | $529.0M | 50x | as long as short |
| Pacifica MSTR | −0.045% | +0.0100% | 1h | $102K | $167K | 10x | as long as short |
| Lighter MSTR | −0.042% | +0.0176% | 1h | $3.6M | $2.9M | 10x | as long as short |
| KuCoin MSTRUSDTM | −0.042% | +0.0177% | 8h | $2.6M | $2.6M | 20x | as long as short |
| Aster MSTRUSDT | −0.030% | +0.0406% | 8h | $1.3M | $5.9M | 50x | as long as short |
| BloFin MSTR-USDT | −0.030% | +0.0507% | 8h | $1.1M | $1.4M | 20x | as long as short |
| Gate MSTR_USDT | −0.024% | 0.0000% | 8h | $5.0M | $18.5M | 50x | as long as short |
| Vest MSTR-USD-PERP | −0.018% | +0.0046% | 1h | — | $1.6M | 25x | as long as short |
| OKX MSTR-USDT-SWAP | −0.012% | +0.0336% | 8h | $22.3M | $100.9M | 50x | as long as short |
| Arcus MSTR-USD | −0.012% | +0.0705% | 1h | $27K | $123K | 10x | as long as short |
| ApeX Omni MSTRUSDT | −0.012% | +0.0100% | 1h | $133K | $2.2M | 50x | as long as short |
| Bybit MSTRUSDTlong | 0.000% | +0.0234% | 8h | $15.9M | $42.9M | 50x | |
| RISEx MSTR/USDC | +0.003% | +0.0486% | 1h | $306K | $454K | 10x | as long as short |
| edgeX MSTRUSDC | +0.199% | +0.0607% | 4h | $62K | $4.6M | 10x | as long as short |