After costs, if the gap returns to its 7d average, $10k−$44
spread now+0.006%7d average−0.002%fees + slippage, in and out−$45spread needed0.448%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate MSTR_USDT | 166.23 | 0 | get 0.0000% / 8h | 7h 22m | $4.9M | $19.0M | 50x |
| Short | Bitget MSTRUSDT | 166.24 | 0.0321 | get 0.0321% / 8h | 7h 22m | $28.9M | $110.9M | 25x |
Gate MSTR_USDT
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
- $0.6
- Funding while held
- $9.63
- Slippage, 4 orders
- −$17.85
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$34.62
- Spread needed to break even
- 0.448%
Slippage from Gate: live order book, 3 min ago; Bitget: live order book, 3 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0321%
- Per $10,000 a day
- +$9.63
- 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 Gate live order book, 3 min ago | 2.11 bp | 11.3 bp −$11 | 28.8 bp −$288 | 115.2 bp −$11.5K | doesn't fit |
| Sell Bitget live order book, 3 min ago | 0.60 bp | 8.3 bp −$8 | 12.1 bp −$121 | 27.9 bp −$2,788 | doesn't fit |
MSTR price on every exchange
against the cheapest. Click to use as the short leg.Coinbase International165.97cheapestNado166.00+0.019%Variational Omni166.03+0.035%ApeX Omni166.03+0.036%edgeX166.03+0.039%Ondo Perps166.09+0.072%SoDEX166.09+0.072%BloFin166.10+0.078%Extended166.12+0.087%Deribit166.12+0.090%Aevo166.13+0.096%Phemex166.14+0.102%Injective166.15+0.108%Pacifica166.15+0.109%Paradex166.16+0.117%tradeXYZ166.21+0.145%Lighter166.22+0.151%QFEX166.22+0.151%Vest166.22+0.151%RISEx166.23+0.154%
Coinbase International
Nado
Variational Omni
ApeX Omni
Ondo Perps
SoDEX
BloFin
Extended
Deribit
Aevo
Phemex
Injective
Pacifica
Paradex
tradeXYZ
Lighter
QFEX
Vest
RISExGate166.23+0.157%
KuCoin166.23+0.157%Aster166.24+0.163%
KuCoin
AsterBitget166.24+0.163%
Polymarket Perps166.25+0.169%Binance166.26+0.172%OKX166.27+0.181%Orderly166.28+0.187%Bybit166.31+0.205%Arcus166.31+0.205%Phoenix166.43+0.275%
Polymarket Perps
Binance
OKX
Orderly
Bybit
Arcus
PhoenixMSTR 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 | −0.156% | +0.0112% | 1h | $1.5M | $1.1M | 10x | as long as short |
| Nado MSTR-PERP | −0.137% | +0.0122% | 1h | $125K | $255K | 3x | as long as short |
| Variational Omni MSTR | −0.122% | +0.0238% | 8h | $1.2M | $2.2M | — | as long as short |
| ApeX Omni MSTRUSDT | −0.120% | +0.0100% | 1h | $130K | $1.8M | 50x | as long as short |
| edgeX MSTRUSDC | −0.118% | +0.0611% | 4h | $44K | $4.9M | 10x | as long as short |
| Ondo Perps MSTR-USD.P | −0.084% | +0.0050% | 1h | $885K | $4.4M | 10x | as long as short |
| SoDEX MSTR-USD | −0.084% | +0.0050% | 1h | $44K | $3K | 10x | as long as short |
| BloFin MSTR-USDT | −0.078% | +0.0410% | 8h | $1.1M | $1.4M | 20x | as long as short |
| Extended MSTR_24_5-USD | −0.069% | +0.0032% | 1h | $499K | $2.1M | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | −0.066% | +0.0593% | 1h | $282K | $455K | 10x | as long as short |
Show all 31 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Aevo MSTR-PERP | −0.060% | +0.0104% | 1h | $138 | — | 10x | as long as short |
| Phemex MSTRUSDT | −0.054% | 0.0000% | 4h | $2.8M | $40K | 10x | as long as short |
| Injective MSTR/USDC PERP | −0.048% | +0.0312% | 1h | $12K | $93K | 30x | as long as short |
| Pacifica MSTR | −0.048% | +0.0100% | 1h | $102K | $152K | 10x | as long as short |
| Paradex MSTR-USD-PERP | −0.039% | +0.0103% | 8h | $66 | — | 5x | as long as short |
| tradeXYZ xyz:MSTR | −0.012% | +0.0165% | 1h | $56.7M | $31.8M | 10x | as long as short |
| Lighter MSTR | −0.006% | +0.0032% | 1h | $3.6M | $2.8M | 10x | as long as short |
| QFEX MSTR-USD | −0.006% | +0.0041% | 1h | $1.3M | $9.4M | 10x | as long as short |
| Vest MSTR-USD-PERP | −0.006% | +0.0046% | 1h | — | $1.8M | 25x | as long as short |
| RISEx MSTR/USDC | −0.003% | +0.0277% | 1h | $293K | $463K | 10x | as long as short |
| Gate MSTR_USDTlong | 0.000% | 0.0000% | 8h | $4.9M | $19.0M | 50x | |
| KuCoin MSTRUSDTM | 0.000% | +0.0100% | 8h | $2.5M | $2.6M | 20x | as long as short |
| Aster MSTRUSDT | +0.006% | +0.0282% | 8h | $1.3M | $6.0M | 50x | as long as short |
| Bitget MSTRUSDTshort | +0.006% | +0.0321% | 8h | $28.9M | $110.9M | 25x | |
| Polymarket Perps MSTR-USD | +0.012% | +0.0050% | 1h | $403K | $2.3M | 10x | as long as short |
| Binance MSTRUSDT | +0.015% | +0.0289% | 8h | $90.1M | $557.7M | 50x | as long as short |
| OKX MSTR-USDT-SWAP | +0.024% | +0.0251% | 8h | $22.3M | $101.1M | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.030% | +0.0100% | 8h | $3K | $12K | 10x | as long as short |
| Bybit MSTRUSDT | +0.048% | +0.0430% | 8h | $15.5M | $41.6M | 50x | as long as short |
| Arcus MSTR-USD | +0.048% | +0.0612% | 1h | $26K | $128K | 10x | as long as short |
| Phoenix MSTR | +0.119% | +0.0226% | 1h | $56K | $380K | 10x | as long as short |