After costs, if the gap returns to its 7d average, $10k−$38
spread now−0.084%7d average−0.097%fees + slippage, in and out−$39spread needed0.392%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit MSTR_USDC-PERPETUAL | 166.94 | 0.0529 | pay 0.0066% / 1h | 56m 56s | $284K | $455K | 10x |
| Short | Coinbase International MSTR-PERP-INTX | 166.80 | 0.0112 | get 0.0014% / 1h | 56m 56s | $1.5M | $1.1M | 10x |
Deribit MSTR_USDC-PERPETUAL
Coinbase International MSTR-PERP-INTXPrice 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
- −$8.39
- Funding while held
- −$12.52
- Slippage, 4 orders
- −$22.25
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$60.15
- Spread needed to break even
- 0.392%
Slippage from Deribit: live order book, 48 min ago; Coinbase International: live order book, 3 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0417%
- Per $10,000 a day
- −$12.52
- 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, 48 min ago | 6.93 bp | 10.4 bp −$10 | 12.3 bp −$123 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 3 min ago | 4.19 bp | 9.2 bp −$9 | 12.9 bp −$129 | doesn't fit | doesn't fit |
MSTR price on every exchange
against the cheapest. Click to use as the short leg.Extended166.51cheapestKuCoin166.55+0.021%Bitget166.55+0.021%Binance166.60+0.052%tradeXYZ166.61+0.057%Bybit166.65+0.081%Gate166.65+0.081%OKX166.66+0.087%Aster166.73+0.128%Phemex166.73+0.129%BloFin166.75+0.141%
Extended
KuCoin
Bitget
Binance
tradeXYZ
Bybit
Gate
OKX
Aster
Phemex
BloFinCoinbase International166.80+0.171%
Nado166.81+0.179%Lighter166.82+0.183%SoDEX166.83+0.189%Pacifica166.84+0.195%QFEX166.87+0.213%Orderly166.87+0.213%Paradex166.88+0.220%Aevo166.88+0.222%ApeX Omni166.90+0.231%RISEx166.91+0.237%Polymarket Perps166.91+0.237%Arcus166.92+0.243%Ondo Perps166.94+0.255%
Nado
Lighter
SoDEX
Pacifica
QFEX
Orderly
Paradex
Aevo
ApeX Omni
RISEx
Polymarket Perps
Arcus
Ondo PerpsDeribit166.94+0.255%
Vest167.00+0.291%Injective167.08+0.339%Variational Omni167.16+0.388%Phoenix167.16+0.388%edgeX167.16+0.390%
Vest
Injective
Variational Omni
PhoenixMSTR on 31 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Extended MSTR_24_5-USD | −0.255% | +0.0032% | 1h | $495K | $2.1M | 10x | as long as short |
| KuCoin MSTRUSDTM | −0.234% | +0.0100% | 8h | $2.5M | $2.6M | 20x | as long as short |
| Bitget MSTRUSDT | −0.234% | +0.0276% | 8h | $28.7M | $111.7M | 25x | as long as short |
| Binance MSTRUSDT | −0.202% | +0.0249% | 8h | $90.9M | $567.2M | 50x | as long as short |
| tradeXYZ xyz:MSTR | −0.198% | +0.0089% | 1h | $56.7M | $32.2M | 10x | as long as short |
| Bybit MSTRUSDT | −0.174% | +0.0262% | 8h | $15.4M | $41.5M | 50x | as long as short |
| Gate MSTR_USDT | −0.174% | 0.0000% | 8h | $4.8M | $18.2M | 50x | as long as short |
| OKX MSTR-USDT-SWAP | −0.168% | +0.0212% | 8h | $22.5M | $101.6M | 50x | as long as short |
| Aster MSTRUSDT | −0.127% | +0.0251% | 8h | $1.3M | $6.0M | 50x | as long as short |
| Phemex MSTRUSDT | −0.126% | 0.0000% | 4h | $2.8M | $41K | 10x | as long as short |
Show all 31 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| BloFin MSTR-USDT | −0.114% | +0.0369% | 8h | $1.1M | $1.5M | 20x | as long as short |
| Coinbase International MSTR-PERP-INTXshort | −0.084% | +0.0112% | 1h | $1.5M | $1.1M | 10x | |
| Nado MSTR-PERP | −0.076% | −0.0037% | 1h | $125K | $247K | 3x | as long as short |
| Lighter MSTR | −0.072% | +0.0032% | 1h | $3.6M | $2.6M | 10x | as long as short |
| SoDEX MSTR-USD | −0.066% | +0.0050% | 1h | $44K | $3K | 10x | as long as short |
| Pacifica MSTR | −0.061% | +0.0100% | 1h | $102K | $152K | 10x | as long as short |
| QFEX MSTR-USD | −0.042% | +0.0041% | 1h | $1.3M | $9.4M | 10x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | −0.042% | +0.0100% | 8h | $3K | $12K | 10x | as long as short |
| Paradex MSTR-USD-PERP | −0.035% | +0.0082% | 8h | $67 | — | 5x | as long as short |
| Aevo MSTR-PERP | −0.033% | +0.0104% | 1h | $139 | — | 10x | as long as short |
| ApeX Omni MSTRUSDT | −0.024% | +0.0100% | 1h | $130K | $1.6M | 50x | as long as short |
| RISEx MSTR/USDC | −0.018% | +0.0017% | 1h | $295K | $467K | 10x | as long as short |
| Polymarket Perps MSTR-USD | −0.018% | +0.0050% | 1h | $405K | $2.3M | 10x | as long as short |
| Arcus MSTR-USD | −0.012% | +0.0599% | 1h | $26K | $130K | 10x | as long as short |
| Ondo Perps MSTR-USD.P | 0.000% | +0.0050% | 1h | $826K | $4.6M | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUALlong | 0.000% | +0.0529% | 1h | $284K | $455K | 10x | |
| Vest MSTR-USD-PERP | +0.036% | +0.0046% | 1h | — | $1.8M | 25x | as long as short |
| Injective MSTR/USDC PERP | +0.084% | +0.0249% | 1h | $12K | $68K | 30x | as long as short |
| Variational Omni MSTR | +0.132% | +0.0207% | 8h | $1.3M | $2.3M | — | as long as short |
| Phoenix MSTR | +0.132% | +0.0215% | 1h | $55K | $379K | 10x | as long as short |
| edgeX MSTRUSDC | +0.135% | +0.0616% | 4h | $49K | $5.0M | 10x | as long as short |