After costs, if the gap returns to its 7d average, $10k−$72
spread now−0.454%7d average−0.036%fees + slippage, in and out−$31spread needed0.305%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | edgeX MSTRUSDC | 166.42 | 0.0581 | pay 0.0290% / 4h | 2h 28m | $45K | $5.1M | 10x |
| Short | RISEx MSTR/USDC | 165.67 | 0.0017 | get 0.0002% / 1h | 28m 45s | $285K | $468K | 10x |
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
- −$45.42
- Funding while held
- −$16.9
- Slippage, 4 orders
- −$15.53
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee RISEx: 3 bp × 2 orders
- −$6
- Net
- −$92.85
- Spread needed to break even
- 0.305%
Slippage from edgeX: live order book, 2 min ago; RISEx: live order book, 11 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0563%
- Per $10,000 a day
- −$16.90
- 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 | 5.72 bp | 10.8 bp −$11 | 17.6 bp −$176 | doesn't fit | doesn't fit |
| Sell RISEx live order book, 11 min ago | 1.20 bp | 4.8 bp −$5 | 7.1 bp −$71 | doesn't fit | doesn't fit |
MSTR price on every exchange
against the cheapest. Click to use as the short leg.Extended165.29cheapestKuCoin165.32+0.018%BloFin165.32+0.018%SoDEX165.34+0.030%Phemex165.36+0.042%Deribit165.39+0.060%OKX165.43+0.085%Aster165.44+0.089%Binance165.45+0.097%Bybit165.46+0.103%tradeXYZ165.47+0.109%Gate165.48+0.115%Bitget165.48+0.115%Lighter165.50+0.127%Coinbase International165.53+0.145%Aevo165.54+0.153%Nado165.55+0.159%Pacifica165.56+0.164%Paradex165.57+0.169%Ondo Perps165.57+0.169%QFEX165.57+0.169%Polymarket Perps165.57+0.169%Orderly165.58+0.175%Vest165.60+0.188%Arcus165.65+0.218%
Extended
KuCoin
BloFin
SoDEX
Phemex
Deribit
OKX
Aster
Binance
Bybit
tradeXYZ
Gate
Bitget
Lighter
Coinbase International
Aevo
Nado
Pacifica
Paradex
Ondo Perps
QFEX
Polymarket Perps
Orderly
Vest
ArcusRISEx165.67+0.227%
ApeX Omni166.08+0.478%Injective166.20+0.551%Phoenix166.35+0.639%Variational Omni166.45+0.704%
ApeX Omni
Injective
Phoenix
Variational OmniMSTR on 31 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Extended MSTR_24_5-USD | −0.680% | +0.0032% | 1h | $491K | $2.0M | 10x | as long as short |
| KuCoin MSTRUSDTM | −0.662% | +0.0100% | 8h | $2.5M | $2.6M | 20x | as long as short |
| BloFin MSTR-USDT | −0.662% | +0.0323% | 8h | $1.1M | $1.5M | 20x | as long as short |
| SoDEX MSTR-USD | −0.650% | +0.0050% | 1h | $43K | $3K | 10x | as long as short |
| Phemex MSTRUSDT | −0.638% | 0.0000% | 4h | $2.8M | $43K | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | −0.619% | +0.0658% | 1h | $281K | $455K | 10x | as long as short |
| OKX MSTR-USDT-SWAP | −0.595% | +0.0163% | 8h | $22.2M | $102.2M | 50x | as long as short |
| Aster MSTRUSDT | −0.591% | +0.0198% | 8h | $1.3M | $6.1M | 50x | as long as short |
| Binance MSTRUSDT | −0.583% | +0.0203% | 8h | $87.9M | $579.9M | 50x | as long as short |
| Bybit MSTRUSDT | −0.577% | +0.0134% | 8h | $15.4M | $41.7M | 50x | as long as short |
Show all 31 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:MSTR | −0.571% | +0.0050% | 1h | $56.0M | $32.3M | 10x | as long as short |
| Gate MSTR_USDT | −0.565% | 0.0000% | 8h | $4.8M | $18.5M | 50x | as long as short |
| Bitget MSTRUSDT | −0.565% | +0.0235% | 8h | $28.4M | $112.2M | 25x | as long as short |
| Lighter MSTR | −0.553% | +0.0032% | 1h | $3.5M | $2.6M | 10x | as long as short |
| Coinbase International MSTR-PERP-INTX | −0.535% | +0.0112% | 1h | $1.5M | $1.1M | 10x | as long as short |
| Aevo MSTR-PERP | −0.528% | +0.0104% | 1h | $137 | — | 10x | as long as short |
| Nado MSTR-PERP | −0.521% | −0.0042% | 1h | $124K | $243K | 3x | as long as short |
| Pacifica MSTR | −0.517% | +0.0100% | 1h | $101K | $153K | 10x | as long as short |
| Paradex MSTR-USD-PERP | −0.511% | +0.0068% | 8h | $66 | — | 5x | as long as short |
| Ondo Perps MSTR-USD.P | −0.511% | +0.0050% | 1h | $755K | $4.7M | 10x | as long as short |
| QFEX MSTR-USD | −0.511% | +0.0041% | 1h | $1.3M | $9.5M | 10x | as long as short |
| Polymarket Perps MSTR-USD | −0.511% | +0.0050% | 1h | $401K | $2.3M | 10x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | −0.505% | +0.0100% | 8h | $3K | $12K | 10x | as long as short |
| Vest MSTR-USD-PERP | −0.493% | +0.0046% | 1h | — | $1.8M | 25x | as long as short |
| Arcus MSTR-USD | −0.463% | +0.0599% | 1h | $27K | $130K | 10x | as long as short |
| RISEx MSTR/USDCshort | −0.454% | +0.0017% | 1h | $285K | $468K | 10x | |
| ApeX Omni MSTRUSDT | −0.205% | +0.0100% | 1h | $4K | $1.4M | 50x | as long as short |
| Injective MSTR/USDC PERP | −0.133% | +0.0249% | 1h | $12K | $68K | 30x | as long as short |
| Phoenix MSTR | −0.045% | +0.0215% | 1h | $54K | $388K | 10x | as long as short |
| edgeX MSTRUSDClong | 0.000% | +0.0581% | 4h | $45K | $5.1M | 10x | |
| Variational Omni MSTR | +0.020% | +0.0149% | 8h | $1.2M | $2.2M | — | as long as short |