After costs, if the gap returns to its 7d average, $10k−$34
spread now+0.024%7d average−0.044%fees + slippage, in and out−$41spread needed0.411%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit MSTR_USDC-PERPETUAL | 165.75 | 0.0716 | pay 0.0090% / 1h | 21m 06s | $283K | $467K | 10x |
| Short | Aster MSTRUSDT | 165.79 | 0.0187 | get 0.0187% / 8h | 6h 21m | $1.3M | $6.1M | 50x |
Deribit MSTR_USDC-PERPETUAL
Aster 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
- $2.41
- Funding while held
- −$15.87
- Slippage, 4 orders
- −$26.09
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$54.55
- Spread needed to break even
- 0.411%
Slippage from Deribit: live order book, 19 min ago; Aster: live order book, 4 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0529%
- Per $10,000 a day
- −$15.87
- 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 Deribit live order book, 19 min ago | 5.72 bp | 9.2 bp −$9 | 12.7 bp −$127 | doesn't fit | doesn't fit |
| Sell Aster live order book, 4 min ago | 1.81 bp | 6.4 bp −$6 | 6.7 bp −$67 | doesn't fit | doesn't fit |
MSTR price on every exchange
against the cheapest. Click to use as the short leg.Coinbase International165.53cheapestExtended165.56+0.021%Nado165.58+0.029%Ondo Perps165.68+0.091%ApeX Omni165.69+0.097%KuCoin165.70+0.103%Paradex165.70+0.103%tradeXYZ165.72+0.115%Polymarket Perps165.72+0.115%Pacifica165.73+0.120%OKX165.73+0.121%Orderly165.74+0.127%Binance165.74+0.128%Lighter165.75+0.133%RISEx165.75+0.133%Vest165.75+0.133%
Coinbase International
Extended
Nado
Ondo Perps
ApeX Omni
KuCoin
Paradex
tradeXYZ
Polymarket Perps
Pacifica
OKX
Orderly
Binance
Lighter
RISEx
VestDeribit165.75+0.133%
QFEX165.76+0.139%BloFin165.76+0.139%Gate165.77+0.145%Bitget165.77+0.145%SoDEX165.77+0.145%
QFEX
BloFin
Gate
Bitget
SoDEXAster165.79+0.157%
Phemex165.79+0.157%Bybit165.80+0.163%Aevo165.80+0.163%Arcus165.82+0.175%edgeX165.82+0.178%Phoenix165.94+0.245%Variational Omni165.98+0.274%Injective166.20+0.405%
Phemex
Bybit
Aevo
Arcus
Phoenix
Variational Omni
InjectiveMSTR 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 | −0.133% | +0.0112% | 1h | $1.5M | $1.1M | 10x | as long as short |
| Extended MSTR_24_5-USD | −0.112% | +0.0032% | 1h | $573K | $2.1M | 10x | as long as short |
| Nado MSTR-PERP | −0.104% | +0.0005% | 1h | $124K | $244K | 3x | as long as short |
| Ondo Perps MSTR-USD.P | −0.042% | +0.0050% | 1h | $779K | $4.7M | 10x | as long as short |
| ApeX Omni MSTRUSDT | −0.036% | +0.0100% | 1h | $4K | $1.4M | 50x | as long as short |
| KuCoin MSTRUSDTM | −0.030% | +0.0100% | 8h | $2.5M | $2.6M | 20x | as long as short |
| Paradex MSTR-USD-PERP | −0.030% | +0.0078% | 8h | $66 | — | 5x | as long as short |
| tradeXYZ xyz:MSTR | −0.018% | +0.0076% | 1h | $56.1M | $32.5M | 10x | as long as short |
| Polymarket Perps MSTR-USD | −0.018% | +0.0050% | 1h | $402K | $2.3M | 10x | as long as short |
| Pacifica MSTR | −0.013% | +0.0100% | 1h | $101K | $153K | 10x | as long as short |
Show all 31 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| OKX MSTR-USDT-SWAP | −0.012% | +0.0163% | 8h | $22.2M | $102.1M | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | −0.006% | +0.0100% | 8h | $3K | $12K | 10x | as long as short |
| Binance MSTRUSDT | −0.005% | +0.0192% | 8h | $88.3M | $587.1M | 50x | as long as short |
| Lighter MSTR | 0.000% | +0.0032% | 1h | $3.5M | $2.6M | 10x | as long as short |
| RISEx MSTR/USDC | 0.000% | +0.0017% | 1h | $285K | $465K | 10x | as long as short |
| Vest MSTR-USD-PERP | 0.000% | +0.0046% | 1h | — | $1.8M | 25x | as long as short |
| Deribit MSTR_USDC-PERPETUALlong | 0.000% | +0.0716% | 1h | $283K | $467K | 10x | |
| QFEX MSTR-USD | +0.006% | +0.0041% | 1h | $1.4M | $9.6M | 10x | as long as short |
| BloFin MSTR-USDT | +0.006% | +0.0312% | 8h | $1.1M | $1.5M | 20x | as long as short |
| Gate MSTR_USDT | +0.012% | 0.0000% | 8h | $4.8M | $18.7M | 50x | as long as short |
| Bitget MSTRUSDT | +0.012% | +0.0235% | 8h | $28.5M | $112.4M | 25x | as long as short |
| SoDEX MSTR-USD | +0.012% | +0.0050% | 1h | $44K | $3K | 10x | as long as short |
| Aster MSTRUSDTshort | +0.024% | +0.0187% | 8h | $1.3M | $6.1M | 50x | |
| Phemex MSTRUSDT | +0.024% | 0.0000% | 4h | $2.8M | $43K | 10x | as long as short |
| Bybit MSTRUSDT | +0.030% | +0.0197% | 8h | $15.4M | $41.8M | 50x | as long as short |
| Aevo MSTR-PERP | +0.030% | +0.0104% | 1h | $138 | — | 10x | as long as short |
| Arcus MSTR-USD | +0.042% | +0.0599% | 1h | $27K | $125K | 10x | as long as short |
| edgeX MSTRUSDC | +0.045% | +0.0165% | 4h | $49K | $5.1M | 10x | as long as short |
| Phoenix MSTR | +0.112% | +0.0215% | 1h | $54K | $388K | 10x | as long as short |
| Variational Omni MSTR | +0.141% | +0.0134% | 8h | $1.2M | $2.2M | — | as long as short |
| Injective MSTR/USDC PERP | +0.271% | +0.0249% | 1h | $12K | $68K | 30x | as long as short |