After costs, if the gap returns to its 7d average, $10k−$44
spread now−0.126%7d average−0.008%fees + slippage, in and out−$32spread needed0.320%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit MSTR_USDC-PERPETUAL | 166.50 | 0.0652 | pay 0.0081% / 1h | 29m 08s | $283K | $460K | 10x |
| Short | RISEx MSTR/USDC | 166.29 | 0.0486 | get 0.0061% / 1h | 29m 08s | $304K | $462K | 10x |
Deribit MSTR_USDC-PERPETUAL
RISEx MSTR/USDCPrice 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
- −$12.6
- Funding while held
- −$4.97
- Slippage, 4 orders
- −$19.04
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee RISEx: 3 bp × 2 orders
- −$6
- Net
- −$49.6
- Spread needed to break even
- 0.320%
Slippage from Deribit: live order book, 21 min ago; RISEx: live order book, 21 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0166%
- Per $10,000 a day
- −$4.97
- 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, 21 min ago | 5.36 bp | 8.9 bp −$9 | 11.6 bp −$116 | doesn't fit | doesn't fit |
| Sell RISEx live order book, 21 min ago | 2.97 bp | 6.0 bp −$6 | 6.8 bp −$68 | doesn't fit | doesn't fit |
MSTR price on every exchange
against the cheapest. Click to use as the short leg.Phemex166.01cheapestParadex166.02+0.004%Pacifica166.07+0.034%Coinbase International166.13+0.072%QFEX166.15+0.084%Ondo Perps166.20+0.114%Vest166.29+0.169%
Phemex
Paradex
Pacifica
Coinbase International
QFEX
Ondo Perps
VestRISEx166.29+0.169%
Nado166.30+0.176%Aster166.32+0.188%Extended166.34+0.198%Arcus166.35+0.205%Injective166.35+0.205%Phoenix166.36+0.211%KuCoin166.37+0.217%SoDEX166.38+0.223%Lighter166.39+0.229%Binance166.39+0.229%Polymarket Perps166.40+0.235%ApeX Omni166.43+0.253%Orderly166.44+0.259%BloFin166.44+0.259%tradeXYZ166.45+0.265%Aevo166.48+0.286%Variational Omni166.49+0.289%Gate166.50+0.295%
Nado
Aster
Extended
Arcus
Injective
Phoenix
KuCoin
SoDEX
Lighter
Binance
Polymarket Perps
ApeX Omni
Orderly
BloFin
tradeXYZ
Aevo
Variational Omni
GateDeribit166.50+0.295%
Bybit166.51+0.301%OKX166.51+0.301%Bitget166.54+0.319%edgeX166.57+0.335%
Bybit
OKX
BitgetMSTR on 31 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Phemex MSTRUSDT | −0.294% | 0.0000% | 4h | $2.8M | $36K | 10x | as long as short |
| Paradex MSTR-USD-PERP | −0.290% | +0.0122% | 8h | $66 | — | 5x | as long as short |
| Pacifica MSTR | −0.260% | +0.0100% | 1h | $102K | $153K | 10x | as long as short |
| Coinbase International MSTR-PERP-INTX | −0.222% | +0.0112% | 1h | $1.5M | $1.2M | 10x | as long as short |
| QFEX MSTR-USD | −0.210% | +0.0057% | 1h | $1.3M | $9.2M | 10x | as long as short |
| Ondo Perps MSTR-USD.P | −0.180% | +0.0050% | 1h | $909K | $4.5M | 10x | as long as short |
| Vest MSTR-USD-PERP | −0.126% | +0.0046% | 1h | — | $1.6M | 25x | as long as short |
| RISEx MSTR/USDCshort | −0.126% | +0.0486% | 1h | $304K | $462K | 10x | |
| Nado MSTR-PERP | −0.119% | +0.0053% | 1h | $128K | $257K | 3x | as long as short |
| Aster MSTRUSDT | −0.107% | +0.0370% | 8h | $1.3M | $5.9M | 50x | as long as short |
Show all 31 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Extended MSTR_24_5-USD | −0.097% | +0.0064% | 1h | $506K | $2.2M | 10x | as long as short |
| Arcus MSTR-USD | −0.090% | +0.0705% | 1h | $26K | $126K | 10x | as long as short |
| Injective MSTR/USDC PERP | −0.090% | +0.0033% | 1h | $12K | $97K | 30x | as long as short |
| Phoenix MSTR | −0.083% | +0.0216% | 1h | $55K | $364K | 10x | as long as short |
| KuCoin MSTRUSDTM | −0.078% | +0.0155% | 8h | $2.6M | $2.6M | 20x | as long as short |
| SoDEX MSTR-USD | −0.072% | +0.0050% | 1h | $44K | $3K | 10x | as long as short |
| Lighter MSTR | −0.066% | +0.0128% | 1h | $3.6M | $2.9M | 10x | as long as short |
| Binance MSTRUSDT | −0.066% | +0.0363% | 8h | $88.5M | $535.0M | 50x | as long as short |
| Polymarket Perps MSTR-USD | −0.060% | +0.0050% | 1h | $408K | $2.1M | 10x | as long as short |
| ApeX Omni MSTRUSDT | −0.042% | +0.0100% | 1h | $132K | $2.0M | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | −0.036% | +0.0100% | 8h | $3K | $12K | 10x | as long as short |
| BloFin MSTR-USDT | −0.036% | +0.0483% | 8h | $1.1M | $1.4M | 20x | as long as short |
| tradeXYZ xyz:MSTR | −0.030% | +0.0217% | 1h | $57.1M | $31.6M | 10x | as long as short |
| Aevo MSTR-PERP | −0.009% | +0.0104% | 1h | $138 | — | 10x | as long as short |
| Variational Omni MSTR | −0.006% | +0.0305% | 8h | $1.3M | $2.2M | — | as long as short |
| Gate MSTR_USDT | 0.000% | 0.0000% | 8h | $4.9M | $18.8M | 50x | as long as short |
| Deribit MSTR_USDC-PERPETUALlong | 0.000% | +0.0652% | 1h | $283K | $460K | 10x | |
| Bybit MSTRUSDT | +0.006% | +0.0243% | 8h | $15.5M | $43.6M | 50x | as long as short |
| OKX MSTR-USDT-SWAP | +0.006% | +0.0306% | 8h | $22.2M | $100.9M | 50x | as long as short |
| Bitget MSTRUSDT | +0.024% | +0.0362% | 8h | $29.1M | $110.4M | 25x | as long as short |
| edgeX MSTRUSDC | +0.040% | +0.0592% | 4h | $63K | $4.7M | 10x | as long as short |