After costs, if the gap returns to its 7d average, $10k−$34
spread now+0.060%7d average+0.072%fees + slippage, in and out−$33spread needed0.326%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International MSTR-PERP-INTX | 166.00 | 0.0112 | pay 0.0014% / 1h | 39m 47s | $1.5M | $1.2M | 10x |
| Short | OKX MSTR-USDT-SWAP | 166.10 | 0.0269 | get 0.0269% / 8h | 7h 39m | $22.2M | $100.9M | 50x |
Coinbase International MSTR-PERP-INTX
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
- $6.02
- Funding while held
- $4.72
- Slippage, 4 orders
- −$12.62
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$21.87
- Spread needed to break even
- 0.326%
Slippage from Coinbase International: live order book, 5 min ago; OKX: live order book, 6 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0157%
- Per $10,000 a day
- +$4.72
- 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, 5 min ago | 4.22 bp | 9.2 bp −$9 | 14.7 bp −$147 | doesn't fit | doesn't fit |
| Sell OKX live order book, 6 min ago | 0.30 bp | 6.6 bp −$7 | 12.2 bp −$122 | 34.8 bp −$3,483 | doesn't fit |
MSTR price on every exchange
against the cheapest. Click to use as the short leg.Phoenix165.76cheapestNado165.76+0.002%Vest165.79+0.019%Ondo Perps165.80+0.025%Polymarket Perps165.84+0.049%QFEX165.91+0.091%Extended165.93+0.104%RISEx165.94+0.110%
Phoenix
Nado
Vest
Ondo Perps
Polymarket Perps
QFEX
Extended
RISExCoinbase International166.00+0.145%
Pacifica166.01+0.152%ApeX Omni166.02+0.157%Paradex166.05+0.174%SoDEX166.05+0.176%Aster166.06+0.181%Gate166.06+0.182%KuCoin166.06+0.182%Binance166.06+0.183%tradeXYZ166.08+0.194%Variational Omni166.08+0.195%Orderly166.09+0.200%Deribit166.09+0.200%
Pacifica
ApeX Omni
Paradex
SoDEX
Aster
Gate
KuCoin
Binance
tradeXYZ
Variational Omni
Orderly
DeribitOKX166.10+0.206%
Aevo166.11+0.210%Lighter166.12+0.218%Bybit166.12+0.218%Bitget166.12+0.218%Arcus166.13+0.224%Phemex166.14+0.230%edgeX166.24+0.291%BloFin166.32+0.338%Injective166.56+0.483%
Aevo
Lighter
Bybit
Bitget
Arcus
Phemex
BloFin
InjectiveMSTR on 31 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Phoenix MSTR | −0.145% | +0.0226% | 1h | $53K | $380K | 10x | as long as short |
| Nado MSTR-PERP | −0.144% | +0.0152% | 1h | $125K | $257K | 3x | as long as short |
| Vest MSTR-USD-PERP | −0.127% | +0.0046% | 1h | — | $1.7M | 25x | as long as short |
| Ondo Perps MSTR-USD.P | −0.120% | +0.0050% | 1h | $884K | $4.4M | 10x | as long as short |
| Polymarket Perps MSTR-USD | −0.096% | +0.0050% | 1h | $409K | $2.3M | 10x | as long as short |
| QFEX MSTR-USD | −0.054% | +0.0041% | 1h | $1.3M | $9.3M | 10x | as long as short |
| Extended MSTR_24_5-USD | −0.041% | +0.0032% | 1h | $499K | $2.2M | 10x | as long as short |
| RISEx MSTR/USDC | −0.035% | +0.0277% | 1h | $292K | $477K | 10x | as long as short |
| Coinbase International MSTR-PERP-INTXlong | 0.000% | +0.0112% | 1h | $1.5M | $1.2M | 10x | |
| Pacifica MSTR | +0.006% | +0.0100% | 1h | $101K | $152K | 10x | as long as short |
Show all 31 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| ApeX Omni MSTRUSDT | +0.012% | +0.0100% | 1h | $129K | $1.8M | 50x | as long as short |
| Paradex MSTR-USD-PERP | +0.029% | +0.0112% | 8h | $66 | — | 5x | as long as short |
| SoDEX MSTR-USD | +0.030% | +0.0050% | 1h | $44K | $3K | 10x | as long as short |
| Aster MSTRUSDT | +0.036% | +0.0303% | 8h | $1.3M | $6.0M | 50x | as long as short |
| Gate MSTR_USDT | +0.036% | 0.0000% | 8h | $4.8M | $18.7M | 50x | as long as short |
| KuCoin MSTRUSDTM | +0.036% | +0.0100% | 8h | $2.5M | $2.6M | 20x | as long as short |
| Binance MSTRUSDT | +0.037% | +0.0309% | 8h | $89.5M | $555.3M | 50x | as long as short |
| tradeXYZ xyz:MSTR | +0.048% | +0.0170% | 1h | $56.7M | $31.1M | 10x | as long as short |
| Variational Omni MSTR | +0.050% | +0.0254% | 8h | $1.2M | $2.2M | — | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.054% | +0.0100% | 8h | $3K | $12K | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.054% | +0.0714% | 1h | $282K | $454K | 10x | as long as short |
| OKX MSTR-USDT-SWAPshort | +0.060% | +0.0269% | 8h | $22.2M | $100.9M | 50x | |
| Aevo MSTR-PERP | +0.064% | +0.0104% | 1h | $138 | — | 10x | as long as short |
| Lighter MSTR | +0.072% | +0.0056% | 1h | $3.6M | $2.8M | 10x | as long as short |
| Bybit MSTRUSDT | +0.072% | +0.0451% | 8h | $15.4M | $41.8M | 50x | as long as short |
| Bitget MSTRUSDT | +0.072% | +0.0324% | 8h | $29.0M | $111.0M | 25x | as long as short |
| Arcus MSTR-USD | +0.078% | +0.0612% | 1h | $26K | $126K | 10x | as long as short |
| Phemex MSTRUSDT | +0.084% | 0.0000% | 4h | $2.8M | $39K | 10x | as long as short |
| edgeX MSTRUSDC | +0.145% | +0.0144% | 4h | $44K | $4.9M | 10x | as long as short |
| BloFin MSTR-USDT | +0.193% | +0.0432% | 8h | $1.1M | $1.4M | 20x | as long as short |
| Injective MSTR/USDC PERP | +0.337% | +0.0312% | 1h | $12K | $93K | 30x | as long as short |