After costs, if the gap returns to its 7d average, $10k−$33
spread now−0.024%7d average+0.007%fees + slippage, in and out−$30spread needed0.300%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit MSTRUSDT | 165.90 | 0.0304 | pay 0.0304% / 8h | 5h 51m | $15.4M | $40.4M | 50x |
| Short | OKX MSTR-USDT-SWAP | 165.86 | 0.0148 | get 0.0148% / 8h | 5h 51m | $22.0M | $102.0M | 50x |
Bybit MSTRUSDT
OKX MSTR-USDT-SWAPPrice 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
- −$2.41
- Funding while held
- −$4.7
- Slippage, 4 orders
- −$8.95
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$37.07
- Spread needed to break even
- 0.300%
Slippage from Bybit: live order book, 4 min ago; OKX: live order book, 4 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0157%
- Per $10,000 a day
- −$4.70
- 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 | 0.30 bp | 8.6 bp −$9 | 13.7 bp −$137 | 59.6 bp −$5,956 | doesn't fit |
| Sell OKX live order book, 4 min ago | 0.30 bp | 7.4 bp −$7 | 13.1 bp −$131 | 35.8 bp −$3,583 | doesn't fit |
MSTR price on every exchange
against the cheapest. Click to use as the short leg.Coinbase International164.72cheapestApeX Omni165.23+0.310%Variational Omni165.26+0.325%Injective165.62+0.546%BloFin165.75+0.625%Extended165.76+0.630%SoDEX165.79+0.650%Phemex165.81+0.662%Binance165.83+0.674%tradeXYZ165.83+0.674%Pacifica165.83+0.676%Bitget165.85+0.686%
Coinbase International
ApeX Omni
Variational Omni
Injective
BloFin
Extended
SoDEX
Phemex
Binance
tradeXYZ
Pacifica
BitgetOKX165.86+0.692%
Orderly165.86+0.692%Deribit165.86+0.692%Ondo Perps165.87+0.698%QFEX165.87+0.698%Gate165.87+0.698%Lighter165.88+0.704%Aevo165.89+0.710%Paradex165.89+0.712%RISEx165.90+0.713%
Orderly
Deribit
Ondo Perps
QFEX
Gate
Lighter
Aevo
Paradex
RISExBybit165.90+0.716%
Polymarket Perps165.90+0.716%Nado165.90+0.717%edgeX165.92+0.731%KuCoin165.94+0.741%Arcus165.97+0.759%Phoenix165.97+0.759%Aster166.01+0.783%Vest166.06+0.814%
Polymarket Perps
Nado
KuCoin
Arcus
Phoenix
Aster
VestMSTR 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 | −0.711% | +0.0104% | 1h | $1.4M | $1.1M | 10x | as long as short |
| ApeX Omni MSTRUSDT | −0.404% | +0.0100% | 1h | $4K | $1.4M | 50x | as long as short |
| Variational Omni MSTR | −0.388% | +0.0132% | 8h | $1.2M | $2.4M | — | as long as short |
| Injective MSTR/USDC PERP | −0.169% | +0.0188% | 1h | $12K | $48K | 30x | as long as short |
| BloFin MSTR-USDT | −0.090% | +0.0308% | 8h | $1.1M | $1.6M | 20x | as long as short |
| Extended MSTR_24_5-USD | −0.086% | +0.0032% | 1h | $574K | $2.1M | 10x | as long as short |
| SoDEX MSTR-USD | −0.066% | +0.0050% | 1h | $44K | $3K | 10x | as long as short |
| Phemex MSTRUSDT | −0.054% | 0.0000% | 4h | $2.8M | $45K | 10x | as long as short |
| Binance MSTRUSDT | −0.042% | +0.0188% | 8h | $88.1M | $596.1M | 50x | as long as short |
| tradeXYZ xyz:MSTR | −0.042% | +0.0132% | 1h | $56.3M | $33.7M | 10x | as long as short |
Show all 31 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Pacifica MSTR | −0.040% | +0.0100% | 1h | $101K | $153K | 10x | as long as short |
| Bitget MSTRUSDT | −0.030% | +0.0242% | 8h | $28.5M | $112.9M | 25x | as long as short |
| OKX MSTR-USDT-SWAPshort | −0.024% | +0.0148% | 8h | $22.0M | $102.0M | 50x | |
| Orderly PERP_MSTR_USDC_mythos | −0.024% | +0.0100% | 8h | $3K | $12K | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | −0.024% | +0.0172% | 1h | $282K | $488K | 10x | as long as short |
| Ondo Perps MSTR-USD.P | −0.018% | +0.0050% | 1h | $779K | $4.7M | 10x | as long as short |
| QFEX MSTR-USD | −0.018% | +0.0065% | 1h | $1.4M | $9.7M | 10x | as long as short |
| Gate MSTR_USDT | −0.018% | 0.0000% | 8h | $4.8M | $18.5M | 50x | as long as short |
| Lighter MSTR | −0.012% | +0.0072% | 1h | $3.5M | $2.6M | 10x | as long as short |
| Aevo MSTR-PERP | −0.006% | +0.0104% | 1h | $138 | — | 10x | as long as short |
| Paradex MSTR-USD-PERP | −0.005% | +0.0105% | 8h | $66 | — | 5x | as long as short |
| RISEx MSTR/USDC | −0.003% | 0.0000% | 1h | $285K | $464K | 10x | as long as short |
| Bybit MSTRUSDTlong | 0.000% | +0.0304% | 8h | $15.4M | $40.4M | 50x | |
| Polymarket Perps MSTR-USD | 0.000% | +0.0050% | 1h | $400K | $2.3M | 10x | as long as short |
| Nado MSTR-PERP | +0.001% | +0.0140% | 1h | $124K | $240K | 3x | as long as short |
| edgeX MSTRUSDC | +0.014% | +0.0800% | 4h | $44K | $5.2M | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.024% | +0.0100% | 8h | $2.6M | $2.7M | 20x | as long as short |
| Arcus MSTR-USD | +0.042% | +0.0553% | 1h | $27K | $119K | 10x | as long as short |
| Phoenix MSTR | +0.042% | +0.0237% | 1h | $55K | $384K | 10x | as long as short |
| Aster MSTRUSDT | +0.066% | +0.0176% | 8h | $1.3M | $6.1M | 50x | as long as short |
| Vest MSTR-USD-PERP | +0.096% | +0.0046% | 1h | — | $1.8M | 25x | as long as short |