After costs, if the gap returns to its 7d average, $10k−$30
spread now+0.131%7d average+0.025%fees + slippage, in and out−$40spread needed0.403%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | edgeX MSTRUSDC | 166.17 | 0.0514 | pay 0.0257% / 4h | 1h 26m | $45K | $5.2M | 10x |
| Short | Bitget MSTRUSDT | 166.39 | 0.0225 | get 0.0225% / 8h | 5h 26m | $28.6M | $113.1M | 25x |
Bitget 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
- $13.13
- Funding while held
- −$8.68
- Slippage, 4 orders
- −$19.28
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$35.82
- Spread needed to break even
- 0.403%
Slippage from edgeX: live order book, 3 min ago; Bitget: live order book, 4 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0289%
- Per $10,000 a day
- −$8.68
- 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, 3 min ago | 5.72 bp | 10.7 bp −$11 | 17.3 bp −$173 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 4 min ago | 0.60 bp | 8.9 bp −$9 | 12.8 bp −$128 | 25.9 bp −$2,591 | doesn't fit |
MSTR price on every exchange
against the cheapest. Click to use as the short leg.Coinbase International164.72cheapestApeX Omni166.03+0.795%Nado166.04+0.800%Ondo Perps166.06+0.814%Variational Omni166.09+0.833%Pacifica166.16+0.872%Phoenix166.17+0.878%QFEX166.20+0.898%RISEx166.21+0.905%Paradex166.22+0.910%Polymarket Perps166.23+0.917%Orderly166.25+0.929%Extended166.28+0.946%Aevo166.28+0.947%Arcus166.29+0.953%BloFin166.29+0.953%Lighter166.31+0.965%Vest166.31+0.965%SoDEX166.31+0.965%Deribit166.31+0.965%KuCoin166.33+0.977%Phemex166.34+0.983%tradeXYZ166.35+0.990%Gate166.35+0.990%Aster166.38+1.008%OKX166.38+1.008%Binance166.39+1.014%
Coinbase International
ApeX Omni
Nado
Ondo Perps
Variational Omni
Pacifica
Phoenix
QFEX
RISEx
Paradex
Polymarket Perps
Orderly
Extended
Aevo
Arcus
BloFin
Lighter
Vest
SoDEX
Deribit
KuCoin
Phemex
tradeXYZ
Gate
Aster
OKX
BinanceBitget166.39+1.014%
Injective166.40+1.020%Bybit166.45+1.050%
Injective
BybitMSTR 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 | −0.874% | +0.0104% | 1h | $1.4M | $1.1M | 10x | as long as short |
| ApeX Omni MSTRUSDT | −0.085% | +0.0100% | 1h | $4K | $1.4M | 50x | as long as short |
| Nado MSTR-PERP | −0.081% | +0.0051% | 1h | $124K | $238K | 3x | as long as short |
| Ondo Perps MSTR-USD.P | −0.067% | +0.0050% | 1h | $777K | $4.7M | 10x | as long as short |
| Variational Omni MSTR | −0.048% | +0.0108% | 8h | $1.2M | $2.4M | — | as long as short |
| Pacifica MSTR | −0.009% | +0.0100% | 1h | $102K | $153K | 10x | as long as short |
| Phoenix MSTR | −0.003% | +0.0237% | 1h | $55K | $384K | 10x | as long as short |
| edgeX MSTRUSDClong | 0.000% | +0.0514% | 4h | $45K | $5.2M | 10x | |
| QFEX MSTR-USD | +0.017% | +0.0065% | 1h | $1.4M | $9.8M | 10x | as long as short |
| RISEx MSTR/USDC | +0.023% | 0.0000% | 1h | $286K | $469K | 10x | as long as short |
Show all 31 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Paradex MSTR-USD-PERP | +0.028% | +0.0086% | 8h | $66 | — | 5x | as long as short |
| Polymarket Perps MSTR-USD | +0.035% | +0.0050% | 1h | $403K | $2.3M | 10x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.047% | +0.0100% | 8h | $3K | $12K | 10x | as long as short |
| Extended MSTR_24_5-USD | +0.064% | +0.0032% | 1h | $577K | $2.1M | 10x | as long as short |
| Aevo MSTR-PERP | +0.065% | +0.0104% | 1h | $138 | — | 10x | as long as short |
| Arcus MSTR-USD | +0.071% | +0.0553% | 1h | $27K | $122K | 10x | as long as short |
| BloFin MSTR-USDT | +0.071% | +0.0280% | 8h | $1.1M | $1.6M | 20x | as long as short |
| Lighter MSTR | +0.083% | +0.0032% | 1h | $3.5M | $2.6M | 10x | as long as short |
| Vest MSTR-USD-PERP | +0.083% | +0.0046% | 1h | — | $1.8M | 25x | as long as short |
| SoDEX MSTR-USD | +0.083% | +0.0050% | 1h | $44K | $3K | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.083% | +0.0532% | 1h | $283K | $485K | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.095% | +0.0100% | 8h | $2.6M | $2.7M | 20x | as long as short |
| Phemex MSTRUSDT | +0.101% | 0.0000% | 4h | $2.8M | $46K | 10x | as long as short |
| tradeXYZ xyz:MSTR | +0.107% | +0.0087% | 1h | $56.4M | $33.8M | 10x | as long as short |
| Gate MSTR_USDT | +0.107% | 0.0000% | 8h | $4.8M | $18.7M | 50x | as long as short |
| Aster MSTRUSDT | +0.125% | +0.0145% | 8h | $1.3M | $6.1M | 50x | as long as short |
| OKX MSTR-USDT-SWAP | +0.125% | +0.0124% | 8h | $22.2M | $102.5M | 50x | as long as short |
| Binance MSTRUSDT | +0.131% | +0.0160% | 8h | $87.7M | $598.8M | 50x | as long as short |
| Bitget MSTRUSDTshort | +0.131% | +0.0225% | 8h | $28.6M | $113.1M | 25x | |
| Injective MSTR/USDC PERP | +0.137% | +0.0188% | 1h | $12K | $48K | 30x | as long as short |
| Bybit MSTRUSDT | +0.167% | +0.0271% | 8h | $15.5M | $40.3M | 50x | as long as short |