After costs, if the gap returns to its 7d average, $10k−$43
spread now+0.127%7d average+0.060%fees + slippage, in and out−$50spread needed0.496%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International MSTR-PERP-INTX | 165.53 | 0.0112 | pay 0.0014% / 1h | 18m 54s | $1.5M | $1.1M | 10x |
| Short | Gate MSTR_USDT | 165.74 | 0 | get 0.0000% / 8h | 6h 18m | $4.8M | $18.7M | 50x |
Coinbase International MSTR-PERP-INTX
Gate MSTR_USDTPrice 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
- $12.69
- Funding while held
- −$3.36
- Slippage, 4 orders
- −$24.59
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$40.27
- Spread needed to break even
- 0.496%
Slippage from Coinbase International: live order book, 1 min ago; Gate: live order book, 1 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0112%
- Per $10,000 a day
- −$3.36
- 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 Coinbase International live order book, 1 min ago | 4.83 bp | 9.8 bp −$10 | 15.5 bp −$155 | doesn't fit | doesn't fit |
| Sell Gate live order book, 1 min ago | 2.11 bp | 18.6 bp −$19 | 41.8 bp −$418 | 113.6 bp −$11.4K | doesn't fit |
MSTR price on every exchange
against the cheapest. Click to use as the short leg.Nado165.51cheapest
NadoCoinbase International165.53+0.014%
Extended165.57+0.041%ApeX Omni165.60+0.056%Aster165.67+0.099%Ondo Perps165.67+0.099%Vest165.67+0.099%Paradex165.68+0.103%Pacifica165.68+0.106%KuCoin165.69+0.111%Phemex165.71+0.123%RISEx165.73+0.135%tradeXYZ165.73+0.135%
Extended
ApeX Omni
Aster
Ondo Perps
Vest
Paradex
Pacifica
KuCoin
Phemex
RISEx
tradeXYZGate165.74+0.141%
Polymarket Perps165.74+0.141%Lighter165.75+0.147%SoDEX165.75+0.147%Bitget165.76+0.153%Orderly165.77+0.159%Deribit165.77+0.159%Binance165.77+0.161%QFEX165.78+0.165%Phoenix165.79+0.171%Aevo165.79+0.173%Arcus165.80+0.177%Bybit165.81+0.183%OKX165.81+0.183%BloFin165.82+0.189%edgeX165.83+0.196%Variational Omni165.84+0.201%Injective166.20+0.419%
Polymarket Perps
Lighter
SoDEX
Bitget
Orderly
Deribit
Binance
QFEX
Phoenix
Aevo
Arcus
Bybit
OKX
BloFin
Variational Omni
InjectiveMSTR on 31 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Nado MSTR-PERP | −0.014% | +0.0010% | 1h | $124K | $244K | 3x | as long as short |
| Coinbase International MSTR-PERP-INTXlong | 0.000% | +0.0112% | 1h | $1.5M | $1.1M | 10x | |
| Extended MSTR_24_5-USD | +0.027% | +0.0032% | 1h | $573K | $2.1M | 10x | as long as short |
| ApeX Omni MSTRUSDT | +0.042% | +0.0100% | 1h | $4K | $1.4M | 50x | as long as short |
| Aster MSTRUSDT | +0.085% | +0.0185% | 8h | $1.3M | $6.1M | 50x | as long as short |
| Ondo Perps MSTR-USD.P | +0.085% | +0.0050% | 1h | $779K | $4.7M | 10x | as long as short |
| Vest MSTR-USD-PERP | +0.085% | +0.0046% | 1h | — | $1.8M | 25x | as long as short |
| Paradex MSTR-USD-PERP | +0.088% | +0.0082% | 8h | $66 | — | 5x | as long as short |
| Pacifica MSTR | +0.092% | +0.0100% | 1h | $101K | $153K | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.097% | +0.0100% | 8h | $2.5M | $2.6M | 20x | as long as short |
Show all 31 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Phemex MSTRUSDT | +0.109% | 0.0000% | 4h | $2.8M | $43K | 10x | as long as short |
| RISEx MSTR/USDC | +0.121% | +0.0017% | 1h | $285K | $465K | 10x | as long as short |
| tradeXYZ xyz:MSTR | +0.121% | +0.0086% | 1h | $56.2M | $32.5M | 10x | as long as short |
| Gate MSTR_USDTshort | +0.127% | 0.0000% | 8h | $4.8M | $18.7M | 50x | |
| Polymarket Perps MSTR-USD | +0.127% | +0.0050% | 1h | $402K | $2.3M | 10x | as long as short |
| Lighter MSTR | +0.133% | +0.0032% | 1h | $3.5M | $2.6M | 10x | as long as short |
| SoDEX MSTR-USD | +0.133% | +0.0050% | 1h | $44K | $3K | 10x | as long as short |
| Bitget MSTRUSDT | +0.139% | +0.0235% | 8h | $28.5M | $112.4M | 25x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.145% | +0.0100% | 8h | $3K | $12K | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.145% | +0.0535% | 1h | $283K | $467K | 10x | as long as short |
| Binance MSTRUSDT | +0.147% | +0.0192% | 8h | $88.3M | $587.3M | 50x | as long as short |
| QFEX MSTR-USD | +0.151% | +0.0041% | 1h | $1.4M | $9.6M | 10x | as long as short |
| Phoenix MSTR | +0.156% | +0.0215% | 1h | $53K | $388K | 10x | as long as short |
| Aevo MSTR-PERP | +0.159% | +0.0104% | 1h | $138 | — | 10x | as long as short |
| Arcus MSTR-USD | +0.163% | +0.0599% | 1h | $27K | $125K | 10x | as long as short |
| Bybit MSTRUSDT | +0.169% | +0.0197% | 8h | $15.4M | $41.8M | 50x | as long as short |
| OKX MSTR-USDT-SWAP | +0.169% | +0.0164% | 8h | $22.2M | $102.1M | 50x | as long as short |
| BloFin MSTR-USDT | +0.175% | +0.0312% | 8h | $1.1M | $1.5M | 20x | as long as short |
| edgeX MSTRUSDC | +0.181% | +0.0952% | 4h | $49K | $5.1M | 10x | as long as short |
| Variational Omni MSTR | +0.187% | +0.0134% | 8h | $1.2M | $2.3M | — | as long as short |
| Injective MSTR/USDC PERP | +0.405% | +0.0249% | 1h | $12K | $68K | 30x | as long as short |