After costs, if the gap returns to its 7d average, $10k−$7
spread now+0.453%7d average+0.024%fees + slippage, in and out−$50spread needed0.503%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | edgeX MSTRUSDC | 165.48 | 0.0717 | pay 0.0358% / 4h | 3h 15m | $43K | $4.9M | 10x |
| Short | Gate MSTR_USDT | 166.23 | 0 | get 0.0000% / 8h | 7h 15m | $4.9M | $19.0M | 50x |
Gate MSTR_USDTPrice 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
- $45.32
- Funding while held
- −$21.51
- Slippage, 4 orders
- −$26.25
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$26.44
- Spread needed to break even
- 0.503%
Slippage from edgeX: live order book, 5 min ago; Gate: live order book, 5 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0717%
- Per $10,000 a day
- −$21.51
- 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, 5 min ago | 5.73 bp | 10.7 bp −$11 | 17.4 bp −$174 | doesn't fit | doesn't fit |
| Sell Gate live order book, 5 min ago | 2.72 bp | 16.2 bp −$16 | 26.3 bp −$263 | 107.3 bp −$10.7K | doesn't fit |
MSTR price on every exchange
against the cheapest. Click to use as the short leg.Ondo Perps165.22cheapestInjective165.38+0.097%Coinbase International165.97+0.454%ApeX Omni166.11+0.539%Extended166.18+0.582%Nado166.19+0.585%Lighter166.20+0.593%SoDEX166.21+0.599%Binance166.23+0.611%
Ondo Perps
Injective
Coinbase International
ApeX Omni
Extended
Nado
Lighter
SoDEX
BinanceGate166.23+0.611%
Phemex166.23+0.611%BloFin166.24+0.617%tradeXYZ166.25+0.623%Bitget166.25+0.623%Variational Omni166.26+0.632%KuCoin166.28+0.642%Paradex166.29+0.645%Aevo166.29+0.647%Polymarket Perps166.29+0.648%Orderly166.29+0.648%Pacifica166.29+0.650%Bybit166.30+0.654%Aster166.30+0.654%Phoenix166.30+0.656%Vest166.31+0.660%QFEX166.32+0.666%OKX166.33+0.672%Deribit166.33+0.672%RISEx166.34+0.678%Arcus166.40+0.714%
Phemex
BloFin
tradeXYZ
Bitget
Variational Omni
KuCoin
Paradex
Aevo
Polymarket Perps
Orderly
Pacifica
Bybit
Aster
Phoenix
Vest
QFEX
OKX
Deribit
RISEx
ArcusMSTR on 31 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Ondo Perps MSTR-USD.P | −0.157% | +0.0050% | 1h | $884K | $4.4M | 10x | as long as short |
| Injective MSTR/USDC PERP | −0.060% | +0.0312% | 1h | $12K | $93K | 30x | as long as short |
| edgeX MSTRUSDClong | 0.000% | +0.0717% | 4h | $43K | $4.9M | 10x | |
| Coinbase International MSTR-PERP-INTX | +0.296% | +0.0112% | 1h | $1.5M | $1.2M | 10x | as long as short |
| ApeX Omni MSTRUSDT | +0.381% | +0.0100% | 1h | $130K | $1.8M | 50x | as long as short |
| Extended MSTR_24_5-USD | +0.424% | +0.0032% | 1h | $494K | $2.1M | 10x | as long as short |
| Nado MSTR-PERP | +0.427% | +0.0112% | 1h | $125K | $253K | 3x | as long as short |
| Lighter MSTR | +0.435% | +0.0032% | 1h | $3.6M | $2.8M | 10x | as long as short |
| SoDEX MSTR-USD | +0.441% | +0.0050% | 1h | $44K | $3K | 10x | as long as short |
| Binance MSTRUSDT | +0.453% | +0.0277% | 8h | $89.9M | $558.0M | 50x | as long as short |
Show all 31 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Gate MSTR_USDTshort | +0.453% | 0.0000% | 8h | $4.9M | $19.0M | 50x | |
| Phemex MSTRUSDT | +0.453% | 0.0000% | 4h | $2.8M | $40K | 10x | as long as short |
| BloFin MSTR-USDT | +0.459% | +0.0397% | 8h | $1.1M | $1.4M | 20x | as long as short |
| tradeXYZ xyz:MSTR | +0.465% | +0.0151% | 1h | $56.7M | $31.8M | 10x | as long as short |
| Bitget MSTRUSDT | +0.465% | +0.0313% | 8h | $28.8M | $111.1M | 25x | as long as short |
| Variational Omni MSTR | +0.474% | +0.0222% | 8h | $1.3M | $2.3M | — | as long as short |
| KuCoin MSTRUSDTM | +0.483% | +0.0100% | 8h | $2.6M | $2.6M | 20x | as long as short |
| Paradex MSTR-USD-PERP | +0.487% | +0.0097% | 8h | $67 | — | 5x | as long as short |
| Aevo MSTR-PERP | +0.489% | +0.0104% | 1h | $138 | — | 10x | as long as short |
| Polymarket Perps MSTR-USD | +0.489% | +0.0050% | 1h | $403K | $2.3M | 10x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.489% | +0.0100% | 8h | $3K | $12K | 10x | as long as short |
| Pacifica MSTR | +0.492% | +0.0100% | 1h | $102K | $152K | 10x | as long as short |
| Bybit MSTRUSDT | +0.496% | +0.0380% | 8h | $15.4M | $41.4M | 50x | as long as short |
| Aster MSTRUSDT | +0.496% | +0.0270% | 8h | $1.3M | $6.0M | 50x | as long as short |
| Phoenix MSTR | +0.498% | +0.0226% | 1h | $56K | $380K | 10x | as long as short |
| Vest MSTR-USD-PERP | +0.502% | +0.0046% | 1h | — | $1.8M | 25x | as long as short |
| QFEX MSTR-USD | +0.508% | +0.0041% | 1h | $1.3M | $9.4M | 10x | as long as short |
| OKX MSTR-USDT-SWAP | +0.514% | +0.0241% | 8h | $22.4M | $100.7M | 50x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.514% | +0.0592% | 1h | $283K | $455K | 10x | as long as short |
| RISEx MSTR/USDC | +0.520% | +0.0277% | 1h | $298K | $465K | 10x | as long as short |
| Arcus MSTR-USD | +0.556% | +0.0612% | 1h | $26K | $128K | 10x | as long as short |