After costs, if the gap returns to its 7d average, $10k−$27
spread now+0.012%7d average+0.017%fees + slippage, in and out−$26spread needed0.264%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit MSTRUSDT | 166.12 | 0.0393 | pay 0.0393% / 8h | 7h 36m | $15.4M | $41.7M | 50x |
| Short | RISEx MSTR/USDC | 166.14 | 0.0277 | get 0.0035% / 1h | 36m 15s | $293K | $478K | 10x |
Bybit MSTRUSDT
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
- $1.25
- Funding while held
- −$3.47
- Slippage, 4 orders
- −$9.4
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee RISEx: 3 bp × 2 orders
- −$6
- Net
- −$28.63
- Spread needed to break even
- 0.264%
Slippage from Bybit: live order book, 4 min ago; RISEx: live order book, 9 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0116%
- Per $10,000 a day
- −$3.47
- 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 Bybit live order book, 4 min ago | 1.20 bp | 8.4 bp −$8 | 13.8 bp −$138 | 72.5 bp −$7,249 | doesn't fit |
| Sell RISEx live order book, 9 min ago | 1.51 bp | 4.5 bp −$5 | 7.2 bp −$72 | doesn't fit | doesn't fit |
MSTR price on every exchange
against the cheapest. Click to use as the short leg.Nado165.93cheapestVest165.93+0.003%Extended165.94+0.009%tradeXYZ165.97+0.027%Polymarket Perps166.00+0.045%SoDEX166.02+0.057%Ondo Perps166.03+0.063%Gate166.03+0.063%KuCoin166.03+0.063%Orderly166.04+0.069%Phoenix166.06+0.082%Bitget166.07+0.087%Phemex166.07+0.087%Binance166.08+0.093%OKX166.08+0.093%Variational Omni166.08+0.095%edgeX166.11+0.109%Aevo166.11+0.109%Lighter166.11+0.111%Deribit166.11+0.111%Pacifica166.12+0.116%
Nado
Vest
Extended
tradeXYZ
Polymarket Perps
SoDEX
Ondo Perps
Gate
KuCoin
Orderly
Phoenix
Bitget
Phemex
Binance
OKX
Variational Omni
Aevo
Lighter
Deribit
PacificaBybit166.12+0.117%
ApeX Omni166.12+0.117%Coinbase International166.13+0.123%
ApeX Omni
Coinbase InternationalRISEx166.14+0.130%
Injective166.15+0.135%QFEX166.16+0.141%Paradex166.16+0.144%Aster166.18+0.153%Arcus166.19+0.160%BloFin166.23+0.184%
Injective
QFEX
Paradex
Aster
Arcus
BloFinMSTR on 31 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Nado MSTR-PERP | −0.117% | +0.0137% | 1h | $125K | $257K | 3x | as long as short |
| Vest MSTR-USD-PERP | −0.114% | +0.0046% | 1h | — | $1.7M | 25x | as long as short |
| Extended MSTR_24_5-USD | −0.108% | +0.0032% | 1h | $499K | $2.2M | 10x | as long as short |
| tradeXYZ xyz:MSTR | −0.090% | +0.0156% | 1h | $56.7M | $31.2M | 10x | as long as short |
| Polymarket Perps MSTR-USD | −0.072% | +0.0050% | 1h | $409K | $2.3M | 10x | as long as short |
| SoDEX MSTR-USD | −0.060% | +0.0050% | 1h | $44K | $3K | 10x | as long as short |
| Ondo Perps MSTR-USD.P | −0.054% | +0.0050% | 1h | $884K | $4.4M | 10x | as long as short |
| Gate MSTR_USDT | −0.054% | 0.0000% | 8h | $4.8M | $18.8M | 50x | as long as short |
| KuCoin MSTRUSDTM | −0.054% | +0.0100% | 8h | $2.5M | $2.6M | 20x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | −0.048% | +0.0100% | 8h | $3K | $12K | 10x | as long as short |
Show all 31 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Phoenix MSTR | −0.035% | +0.0226% | 1h | $56K | $380K | 10x | as long as short |
| Bitget MSTRUSDT | −0.030% | +0.0323% | 8h | $28.9M | $110.8M | 25x | as long as short |
| Phemex MSTRUSDT | −0.030% | 0.0000% | 4h | $2.8M | $39K | 10x | as long as short |
| Binance MSTRUSDT | −0.024% | +0.0301% | 8h | $89.6M | $555.4M | 50x | as long as short |
| OKX MSTR-USDT-SWAP | −0.024% | +0.0263% | 8h | $22.2M | $100.8M | 50x | as long as short |
| Variational Omni MSTR | −0.023% | +0.0254% | 8h | $1.2M | $2.2M | — | as long as short |
| edgeX MSTRUSDC | −0.008% | +0.0205% | 4h | $45K | $4.9M | 10x | as long as short |
| Aevo MSTR-PERP | −0.008% | +0.0104% | 1h | $138 | — | 10x | as long as short |
| Lighter MSTR | −0.006% | +0.0048% | 1h | $3.6M | $2.8M | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | −0.006% | +0.0654% | 1h | $282K | $454K | 10x | as long as short |
| Pacifica MSTR | −0.001% | +0.0100% | 1h | $102K | $152K | 10x | as long as short |
| Bybit MSTRUSDTlong | 0.000% | +0.0393% | 8h | $15.4M | $41.7M | 50x | |
| ApeX Omni MSTRUSDT | 0.000% | +0.0100% | 1h | $130K | $1.8M | 50x | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.006% | +0.0112% | 1h | $1.5M | $1.2M | 10x | as long as short |
| RISEx MSTR/USDCshort | +0.012% | +0.0277% | 1h | $293K | $478K | 10x | |
| Injective MSTR/USDC PERP | +0.018% | +0.0312% | 1h | $12K | $93K | 30x | as long as short |
| QFEX MSTR-USD | +0.024% | +0.0041% | 1h | $1.3M | $9.3M | 10x | as long as short |
| Paradex MSTR-USD-PERP | +0.027% | +0.0109% | 8h | $66 | — | 5x | as long as short |
| Aster MSTRUSDT | +0.036% | +0.0294% | 8h | $1.3M | $6.0M | 50x | as long as short |
| Arcus MSTR-USD | +0.042% | +0.0612% | 1h | $26K | $126K | 10x | as long as short |
| BloFin MSTR-USDT | +0.066% | +0.0423% | 8h | $1.1M | $1.4M | 20x | as long as short |