After costs, if the gap returns to its 7d average, $10k−$25
spread now+0.059%7d average−0.011%fees + slippage, in and out−$32spread needed0.320%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | edgeX MSTRUSDC | 166.46 | 0.0545 | pay 0.0272% / 4h | 3h 48m | $45K | $4.9M | 10x |
| Short | Binance MSTRUSDT | 166.56 | 0.0310 | get 0.0310% / 8h | 7h 48m | $89.7M | $555.7M | 50x |
Binance 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
- $5.89
- Funding while held
- −$7.04
- Slippage, 4 orders
- −$13
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$33.15
- Spread needed to break even
- 0.320%
Slippage from edgeX: live order book, 2 min ago; Binance: live order book, 11 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0235%
- Per $10,000 a day
- −$7.04
- 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 edgeX live order book, 2 min ago | 5.41 bp | 10.5 bp −$11 | 17.4 bp −$174 | doesn't fit | doesn't fit |
| Sell Binance live order book, 11 min ago | 0.30 bp | 5.5 bp −$6 | 7.2 bp −$72 | 23.7 bp −$2,366 | 81.6 bp −$40.8K |
MSTR price on every exchange
against the cheapest. Click to use as the short leg.ApeX Omni166.20cheapestOndo Perps166.28+0.048%SoDEX166.32+0.072%Coinbase International166.32+0.072%Vest166.36+0.096%Extended166.37+0.102%Aster166.42+0.130%Nado166.42+0.133%Pacifica166.45+0.149%Paradex166.46+0.158%KuCoin166.47+0.162%Phoenix166.49+0.171%Gate166.49+0.174%Polymarket Perps166.50+0.181%Variational Omni166.51+0.186%Bitget166.51+0.187%Phemex166.51+0.187%RISEx166.51+0.187%Lighter166.52+0.193%Orderly166.52+0.193%tradeXYZ166.53+0.199%QFEX166.53+0.199%Aevo166.55+0.212%
ApeX Omni
Ondo Perps
SoDEX
Coinbase International
Vest
Extended
Aster
Nado
Pacifica
Paradex
KuCoin
Phoenix
Gate
Polymarket Perps
Variational Omni
Bitget
Phemex
RISEx
Lighter
Orderly
tradeXYZ
QFEX
AevoBinance166.56+0.214%
Injective166.56+0.217%Deribit166.56+0.217%Bybit166.57+0.223%OKX166.57+0.223%Arcus166.58+0.229%BloFin166.61+0.247%
Injective
Deribit
Bybit
OKX
Arcus
BloFinMSTR on 31 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| ApeX Omni MSTRUSDT | −0.155% | +0.0100% | 1h | $130K | $1.9M | 50x | as long as short |
| Ondo Perps MSTR-USD.P | −0.107% | +0.0050% | 1h | $894K | $4.5M | 10x | as long as short |
| SoDEX MSTR-USD | −0.083% | +0.0050% | 1h | $44K | $3K | 10x | as long as short |
| Coinbase International MSTR-PERP-INTX | −0.083% | +0.0112% | 1h | $1.5M | $1.2M | 10x | as long as short |
| Vest MSTR-USD-PERP | −0.059% | +0.0046% | 1h | — | $1.7M | 25x | as long as short |
| Extended MSTR_24_5-USD | −0.053% | +0.0032% | 1h | $499K | $2.2M | 10x | as long as short |
| Aster MSTRUSDT | −0.025% | +0.0304% | 8h | $1.3M | $6.0M | 50x | as long as short |
| Nado MSTR-PERP | −0.022% | +0.0147% | 1h | $125K | $257K | 3x | as long as short |
| Pacifica MSTR | −0.006% | +0.0100% | 1h | $102K | $153K | 10x | as long as short |
| edgeX MSTRUSDClong | 0.000% | +0.0545% | 4h | $45K | $4.9M | 10x |
Show all 31 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Paradex MSTR-USD-PERP | +0.003% | +0.0109% | 8h | $67 | — | 5x | as long as short |
| KuCoin MSTRUSDTM | +0.007% | +0.0100% | 8h | $2.6M | $2.6M | 20x | as long as short |
| Phoenix MSTR | +0.016% | +0.0226% | 1h | $54K | $380K | 10x | as long as short |
| Gate MSTR_USDT | +0.019% | 0.0000% | 8h | $4.8M | $18.6M | 50x | as long as short |
| Polymarket Perps MSTR-USD | +0.025% | +0.0050% | 1h | $411K | $2.3M | 10x | as long as short |
| Variational Omni MSTR | +0.031% | +0.0241% | 8h | $1.3M | $2.2M | — | as long as short |
| Bitget MSTRUSDT | +0.031% | +0.0320% | 8h | $29.0M | $111.1M | 25x | as long as short |
| Phemex MSTRUSDT | +0.031% | 0.0000% | 4h | $2.8M | $38K | 10x | as long as short |
| RISEx MSTR/USDC | +0.032% | +0.0277% | 1h | $293K | $477K | 10x | as long as short |
| Lighter MSTR | +0.037% | +0.0096% | 1h | $3.6M | $2.8M | 10x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.037% | +0.0100% | 8h | $3K | $12K | 10x | as long as short |
| tradeXYZ xyz:MSTR | +0.043% | +0.0190% | 1h | $56.9M | $31.3M | 10x | as long as short |
| QFEX MSTR-USD | +0.043% | +0.0041% | 1h | $1.3M | $9.2M | 10x | as long as short |
| Aevo MSTR-PERP | +0.057% | +0.0104% | 1h | $138 | — | 10x | as long as short |
| Binance MSTRUSDTshort | +0.059% | +0.0310% | 8h | $89.7M | $555.7M | 50x | |
| Injective MSTR/USDC PERP | +0.061% | +0.0312% | 1h | $12K | $93K | 30x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.061% | +0.0892% | 1h | $283K | $453K | 10x | as long as short |
| Bybit MSTRUSDT | +0.067% | +0.0381% | 8h | $15.5M | $43.3M | 50x | as long as short |
| OKX MSTR-USDT-SWAP | +0.067% | +0.0270% | 8h | $22.3M | $101.5M | 50x | as long as short |
| Arcus MSTR-USD | +0.073% | +0.0612% | 1h | $26K | $126K | 10x | as long as short |
| BloFin MSTR-USDT | +0.091% | +0.0430% | 8h | $1.1M | $1.4M | 20x | as long as short |