data as of
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Price arb /

MSTR

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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

After costs, if the gap returns to its 7d average, $10k−$27
spread now+0.102%7d average+0.093%fees + slippage, in and out−$28spread needed0.278%
Long on ExtendedShort on OKX
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended MSTR_24_5-USD165.890.0032pay 0.0004% / 1h42m 00s$499K$2.2M10x
ShortOKX MSTR-USDT-SWAP166.060.0272get 0.0272% / 8h7h 42m$22.3M$100.9M50x

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
$10.25
Funding while held
$7.19
Slippage, 4 orders
−$12.8
Fee Extended: 2.5 bp × 2 orders
−$5
Fee OKX: 5 bp × 2 orders
−$10
Net
−$10.36
Spread needed to break even
0.278%
Slippage from Extended: live order book, 3 min ago; OKX: live order book, 3 min ago.

Cost of waiting

funding view
Funding /8h
+0.0240%
Per $10,000 a day
+$7.19
Average in range /8h
—

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Extended live order book, 3 min ago3.62 bp6.7 bp −$725.2 bp −$252doesn't fitdoesn't fit
Sell OKX live order book, 3 min ago0.30 bp6.6 bp −$712.2 bp −$12234.8 bp −$3,483doesn't fit

MSTR price on every exchange

against the cheapest. Click to use as the short leg.
Phoenix165.76cheapest
Extended165.89+0.079%
Nado166.02+0.155%Binance166.04+0.170%tradeXYZ166.05+0.176%KuCoin166.05+0.176%
OKX166.06+0.182%
Vest166.07+0.188%BloFin166.07+0.188%Variational Omni166.07+0.188%Aster166.07+0.190%Lighter166.08+0.194%Ondo Perps166.09+0.200%Gate166.09+0.200%Bybit166.10+0.206%Bitget166.11+0.212%SoDEX166.11+0.212%Phemex166.15+0.236%ApeX Omni166.17+0.248%Aevo166.17+0.250%Pacifica166.17+0.250%Deribit166.18+0.254%Orderly166.19+0.260%Paradex166.20+0.267%QFEX166.26+0.302%Polymarket Perps166.27+0.308%RISEx166.28+0.311%Coinbase International166.32+0.338%Arcus166.33+0.344%edgeX166.45+0.414%Injective166.56+0.483%

MSTR on 31 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Phoenix MSTR−0.079%+0.0226%1h$53K$380K10xas long as short
Extended MSTR_24_5-USDlong0.000%+0.0032%1h$499K$2.2M10x
Nado MSTR-PERP+0.076%+0.0145%1h$125K$257K3xas long as short
Binance MSTRUSDT+0.090%+0.0312%8h$89.5M$555.6M50xas long as short
tradeXYZ xyz:MSTR+0.096%+0.0178%1h$56.8M$31.3M10xas long as short
KuCoin MSTRUSDTM+0.096%+0.0100%8h$2.5M$2.6M20xas long as short
OKX MSTR-USDT-SWAPshort+0.102%+0.0272%8h$22.3M$100.9M50x
Vest MSTR-USD-PERP+0.109%+0.0046%1h—$1.7M25xas long as short
BloFin MSTR-USDT+0.109%+0.0430%8h$1.1M$1.4M20xas long as short
Variational Omni MSTR+0.109%+0.0251%8h$1.2M$2.2M—as long as short
Show all 31 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Aster MSTRUSDT+0.111%+0.0304%8h$1.3M$6.0M50xas long as short
Lighter MSTR+0.115%+0.0048%1h$3.6M$2.8M10xas long as short
Ondo Perps MSTR-USD.P+0.121%+0.0050%1h$889K$4.5M10xas long as short
Gate MSTR_USDT+0.121%0.0000%8h$4.8M$18.7M50xas long as short
Bybit MSTRUSDT+0.127%+0.0471%8h$15.4M$42.2M50xas long as short
Bitget MSTRUSDT+0.133%+0.0324%8h$29.0M$111.1M25xas long as short
SoDEX MSTR-USD+0.133%+0.0050%1h$44K$3K10xas long as short
Phemex MSTRUSDT+0.157%0.0000%4h$2.8M$39K10xas long as short
ApeX Omni MSTRUSDT+0.169%+0.0100%1h$130K$1.9M50xas long as short
Aevo MSTR-PERP+0.171%+0.0104%1h$138—10xas long as short
Pacifica MSTR+0.171%+0.0100%1h$102K$153K10xas long as short
Deribit MSTR_USDC-PERPETUAL+0.175%+0.0895%1h$282K$454K10xas long as short
Orderly PERP_MSTR_USDC_mythos+0.181%+0.0100%8h$3K$12K10xas long as short
Paradex MSTR-USD-PERP+0.188%+0.0113%8h$66—5xas long as short
QFEX MSTR-USD+0.223%+0.0041%1h$1.3M$9.3M10xas long as short
Polymarket Perps MSTR-USD+0.229%+0.0050%1h$410K$2.3M10xas long as short
RISEx MSTR/USDC+0.232%+0.0277%1h$292K$477K10xas long as short
Coinbase International MSTR-PERP-INTX+0.259%+0.0112%1h$1.5M$1.2M10xas long as short
Arcus MSTR-USD+0.265%+0.0612%1h$26K$126K10xas long as short
edgeX MSTRUSDC+0.335%+0.0961%4h$44K$4.9M10xas long as short
Injective MSTR/USDC PERP+0.404%+0.0312%1h$12K$93K30xas long as short