After costs, if the gap returns to its 7d average, $10k−$17
spread now+0.262%7d average+0.116%fees + slippage, in and out−$32spread needed0.317%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended MSTR_24_5-USD | 165.53 | 0.0032 | pay 0.0004% / 1h | 45m 52s | $499K | $2.2M | 10x |
| Short | Deribit MSTR_USDC-PERPETUAL | 165.96 | 0.0775 | get 0.0097% / 1h | 45m 52s | $282K | $454K | 10x |
Extended MSTR_24_5-USD
Deribit MSTR_USDC-PERPETUALPrice 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
- $26.24
- Funding while held
- $22.3
- Slippage, 4 orders
- −$19.68
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $16.87
- Spread needed to break even
- 0.317%
Slippage from Extended: live order book, 4 min ago; Deribit: live order book, 64 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0743%
- Per $10,000 a day
- +$22.30
- 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 Extended live order book, 4 min ago | 1.80 bp | 5.3 bp −$5 | 24.0 bp −$240 | doesn't fit | doesn't fit |
| Sell Deribit live order book, 64 min ago | 5.36 bp | 11.2 bp −$11 | 13.3 bp −$133 | doesn't fit | doesn't fit |
MSTR price on every exchange
against the cheapest. Click to use as the short leg.Extended165.53cheapest
Binance165.60+0.045%OKX165.65+0.075%Gate165.66+0.081%KuCoin165.66+0.081%tradeXYZ165.67+0.087%Bybit165.68+0.093%Ondo Perps165.70+0.105%Aster165.76+0.144%Bitget165.77+0.148%Nado165.78+0.152%Lighter165.85+0.196%SoDEX165.87+0.208%Paradex165.88+0.215%Pacifica165.88+0.216%Polymarket Perps165.89+0.220%Phemex165.90+0.226%Vest165.91+0.232%QFEX165.92+0.238%RISEx165.92+0.239%Aevo165.95+0.259%
Binance
OKX
Gate
KuCoin
tradeXYZ
Bybit
Ondo Perps
Aster
Bitget
Nado
Lighter
SoDEX
Paradex
Pacifica
Polymarket Perps
Phemex
Vest
QFEX
RISEx
AevoDeribit165.96+0.262%
Orderly165.97+0.268%Coinbase International166.32+0.480%BloFin166.35+0.498%ApeX Omni166.37+0.510%Phoenix166.49+0.580%Variational Omni166.51+0.594%edgeX166.52+0.602%Injective166.56+0.625%Arcus166.65+0.679%
Orderly
Coinbase International
BloFin
ApeX Omni
Phoenix
Variational Omni
Injective
ArcusMSTR on 31 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Extended MSTR_24_5-USDlong | 0.000% | +0.0032% | 1h | $499K | $2.2M | 10x | |
| Binance MSTRUSDT | +0.045% | +0.0312% | 8h | $89.2M | $555.4M | 50x | as long as short |
| OKX MSTR-USDT-SWAP | +0.075% | +0.0268% | 8h | $22.2M | $100.8M | 50x | as long as short |
| Gate MSTR_USDT | +0.081% | 0.0000% | 8h | $4.8M | $18.7M | 50x | as long as short |
| KuCoin MSTRUSDTM | +0.081% | +0.0100% | 8h | $2.5M | $2.6M | 20x | as long as short |
| tradeXYZ xyz:MSTR | +0.087% | +0.0169% | 1h | $56.6M | $31.3M | 10x | as long as short |
| Bybit MSTRUSDT | +0.093% | +0.0410% | 8h | $15.4M | $43.1M | 50x | as long as short |
| Ondo Perps MSTR-USD.P | +0.105% | +0.0050% | 1h | $889K | $4.5M | 10x | as long as short |
| Aster MSTRUSDT | +0.144% | +0.0304% | 8h | $1.3M | $6.0M | 50x | as long as short |
| Bitget MSTRUSDT | +0.148% | +0.0321% | 8h | $28.9M | $111.0M | 25x | as long as short |