After costs, if the gap returns to its 7d average, $10k−$20
spread now+0.243%7d average+0.010%fees + slippage, in and out−$43spread needed0.430%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate MSTR_USDT | 164.74 | 0 | get 0.0000% / 8h | 2h 32m | $4.9M | $16.8M | 50x |
| Short | BloFin MSTR-USDT | 165.14 | 0.0666 | get 0.0666% / 8h | 2h 32m | $1.1M | $1.2M | 20x |
Gate MSTR_USDT
BloFin 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
- $24.28
- Funding while held
- $19.99
- Slippage, 4 orders
- −$16.04
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- $1.23
- Spread needed to break even
- 0.430%
Slippage from Gate: live order book, 3 min ago; BloFin: live order book, 2 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0666%
- Per $10,000 a day
- +$19.99
- 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 | 2.12 bp | 13.6 bp −$14 | 48.2 bp −$482 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 2 min ago | 0.91 bp | 7.8 bp −$8 | 10.8 bp −$108 | 24.1 bp −$2,413 | doesn't fit |
MSTR price on every exchange
against the cheapest. Click to use as the short leg.Bitget164.70cheapestLighter164.71+0.006%tradeXYZ164.74+0.024%Bybit164.74+0.024%
Bitget
Lighter
tradeXYZ
BybitGate164.74+0.024%
OKX164.79+0.055%Binance164.85+0.090%Phemex164.88+0.109%Ondo Perps164.97+0.164%Extended164.99+0.174%SoDEX165.03+0.200%Coinbase International165.03+0.200%KuCoin165.04+0.206%Vest165.06+0.219%Orderly165.06+0.219%Pacifica165.06+0.220%Nado165.06+0.221%ApeX Omni165.09+0.237%Aster165.10+0.243%Polymarket Perps165.10+0.243%QFEX165.11+0.249%Paradex165.13+0.261%Deribit165.14+0.267%
OKX
Binance
Phemex
Ondo Perps
Extended
SoDEX
Coinbase International
KuCoin
Vest
Orderly
Pacifica
Nado
ApeX Omni
Aster
Polymarket Perps
QFEX
Paradex
DeribitBloFin165.14+0.267%
edgeX165.22+0.315%RISEx165.23+0.322%Aevo165.24+0.330%Arcus165.32+0.376%Variational Omni165.33+0.383%Phoenix165.34+0.392%Injective165.81+0.674%
RISEx
Aevo
Arcus
Variational Omni
Phoenix
InjectiveMSTR on 31 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Bitget MSTRUSDT | −0.024% | +0.0496% | 8h | $32.1M | $86.0M | 25x | as long as short |
| Lighter MSTR | −0.018% | +0.0104% | 1h | $3.5M | $2.5M | 10x | as long as short |
| tradeXYZ xyz:MSTR | 0.000% | +0.0421% | 1h | $58.4M | $21.2M | 10x | as long as short |
| Bybit MSTRUSDT | 0.000% | +0.0212% | 8h | $15.7M | $33.2M | 50x | as long as short |
| Gate MSTR_USDTlong | 0.000% | 0.0000% | 8h | $4.9M | $16.8M | 50x | |
| OKX MSTR-USDT-SWAP | +0.030% | +0.0449% | 8h | $21.6M | $74.3M | 50x | as long as short |
| Binance MSTRUSDT | +0.066% | +0.0510% | 8h | $86.0M | $363.2M | 50x | as long as short |
| Phemex MSTRUSDT | +0.085% | 0.0000% | 4h | $2.8M | $26K | 10x | as long as short |
| Ondo Perps MSTR-USD.P | +0.140% | +0.0050% | 1h | $927K | $4.0M | 10x | as long as short |
| Extended MSTR_24_5-USD | +0.150% | +0.0032% | 1h | $496K | $2.1M | 10x | as long as short |