After costs, if the gap returns to its 7d average, $10k−$35
spread now−0.151%7d average−0.116%fees + slippage, in and out−$32spread needed0.317%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit MSTR_USDC-PERPETUAL | 166.60 | 0.0892 | pay 0.0111% / 1h | 47m 54s | $283K | $453K | 10x |
| Short | Extended MSTR_24_5-USD | 166.35 | 0.0032 | get 0.0004% / 1h | 47m 54s | $499K | $2.2M | 10x |
Deribit MSTR_USDC-PERPETUAL
Extended MSTR_24_5-USDPrice 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
- −$15.13
- Funding while held
- −$25.79
- Slippage, 4 orders
- −$19.68
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$72.6
- Spread needed to break even
- 0.317%
Slippage from Deribit: live order book, 62 min ago; Extended: live order book, 2 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0860%
- Per $10,000 a day
- −$25.79
- 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, 62 min ago | 5.36 bp | 8.9 bp −$9 | 11.6 bp −$116 | doesn't fit | doesn't fit |
| Sell Extended live order book, 2 min ago | 1.80 bp | 6.2 bp −$6 | 18.4 bp −$184 | doesn't fit | doesn't fit |
MSTR price on every exchange
against the cheapest. Click to use as the short leg.ApeX Omni166.20cheapestCoinbase International166.32+0.072%
ApeX Omni
Coinbase InternationalExtended166.35+0.089%
Aster166.41+0.125%Nado166.41+0.128%OKX166.42+0.132%Gate166.42+0.132%Binance166.43+0.138%Ondo Perps166.43+0.138%Bybit166.45+0.150%edgeX166.46+0.155%KuCoin166.46+0.156%Vest166.46+0.156%tradeXYZ166.47+0.162%Phoenix166.49+0.171%Variational Omni166.51+0.186%Phemex166.52+0.193%Lighter166.54+0.205%Bitget166.54+0.205%SoDEX166.54+0.205%Polymarket Perps166.56+0.217%Injective166.56+0.217%Paradex166.56+0.219%Pacifica166.57+0.225%Orderly166.59+0.235%Aevo166.60+0.239%
Aster
Nado
OKX
Gate
Binance
Ondo Perps
Bybit
KuCoin
Vest
tradeXYZ
Phoenix
Variational Omni
Phemex
Lighter
Bitget
SoDEX
Polymarket Perps
Injective
Paradex
Pacifica
Orderly
AevoDeribit166.60+0.241%
BloFin166.61+0.247%RISEx166.62+0.250%Arcus166.65+0.271%QFEX166.66+0.277%
BloFin
RISEx
Arcus
QFEXMSTR on 31 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| ApeX Omni MSTRUSDT | −0.240% | +0.0100% | 1h | $130K | $1.9M | 50x | as long as short |
| Coinbase International MSTR-PERP-INTX | −0.168% | +0.0112% | 1h | $1.5M | $1.2M | 10x | as long as short |
| Extended MSTR_24_5-USDshort | −0.151% | +0.0032% | 1h | $499K | $2.2M | 10x | |
| Aster MSTRUSDT | −0.116% | +0.0305% | 8h | $1.3M | $6.0M | 50x | as long as short |
| Nado MSTR-PERP | −0.113% | +0.0152% | 1h | $125K | $257K | 3x | as long as short |
| OKX MSTR-USDT-SWAP | −0.108% | +0.0271% | 8h | $22.3M | $101.3M | 50x | as long as short |
| Gate MSTR_USDT | −0.108% | 0.0000% | 8h | $4.8M | $18.6M | 50x | as long as short |
| Binance MSTRUSDT | −0.102% | +0.0311% | 8h | $89.7M | $555.5M | 50x | as long as short |
| Ondo Perps MSTR-USD.P | −0.102% | +0.0050% | 1h | $894K | $4.5M | 10x | as long as short |
| Bybit MSTRUSDT | −0.090% | +0.0484% | 8h | $15.5M | $43.2M | 50x | as long as short |
Show all 31 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| edgeX MSTRUSDC | −0.085% | +0.0545% | 4h | $45K | $4.9M | 10x | as long as short |
| KuCoin MSTRUSDTM | −0.084% | +0.0100% | 8h | $2.6M | $2.6M | 20x | as long as short |
| Vest MSTR-USD-PERP | −0.084% | +0.0046% | 1h | — | $1.7M | 25x | as long as short |
| tradeXYZ xyz:MSTR | −0.078% | +0.0182% | 1h | $56.9M | $31.3M | 10x | as long as short |
| Phoenix MSTR | −0.069% | +0.0226% | 1h | $54K | $380K | 10x | as long as short |
| Variational Omni MSTR | −0.055% | +0.0241% | 8h | $1.3M | $2.2M | — | as long as short |
| Phemex MSTRUSDT | −0.048% | 0.0000% | 4h | $2.8M | $38K | 10x | as long as short |
| Lighter MSTR | −0.036% | +0.0080% | 1h | $3.6M | $2.8M | 10x | as long as short |
| Bitget MSTRUSDT | −0.036% | +0.0321% | 8h | $29.0M | $110.9M | 25x | as long as short |
| SoDEX MSTR-USD | −0.036% | +0.0050% | 1h | $44K | $3K | 10x | as long as short |
| Polymarket Perps MSTR-USD | −0.024% | +0.0050% | 1h | $411K | $2.3M | 10x | as long as short |
| Injective MSTR/USDC PERP | −0.024% | +0.0312% | 1h | $12K | $93K | 30x | as long as short |
| Paradex MSTR-USD-PERP | −0.021% | +0.0111% | 8h | $67 | — | 5x | as long as short |
| Pacifica MSTR | −0.016% | +0.0100% | 1h | $102K | $153K | 10x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | −0.006% | +0.0100% | 8h | $3K | $12K | 10x | as long as short |
| Aevo MSTR-PERP | −0.002% | +0.0104% | 1h | $138 | — | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUALlong | 0.000% | +0.0892% | 1h | $283K | $453K | 10x | |
| BloFin MSTR-USDT | +0.006% | +0.0430% | 8h | $1.1M | $1.4M | 20x | as long as short |
| RISEx MSTR/USDC | +0.009% | +0.0277% | 1h | $293K | $477K | 10x | as long as short |
| Arcus MSTR-USD | +0.030% | +0.0612% | 1h | $26K | $126K | 10x | as long as short |
| QFEX MSTR-USD | +0.036% | +0.0041% | 1h | $1.3M | $9.2M | 10x | as long as short |