After costs, if the gap returns to its 7d average, $10k−$71
spread now−0.133%7d average−0.062%fees + slippage, in and out−$64spread needed0.643%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate MSTR_USDT | 165.78 | 0 | get 0.0000% / 8h | 1h 47m | $5.0M | $18.2M | 50x |
| Short | Coinbase International MSTR-PERP-INTX | 165.56 | 0.0160 | get 0.0020% / 1h | 47m 11s | $1.5M | $1.2M | 10x |
Gate MSTR_USDT
Coinbase International MSTR-PERP-INTXPrice 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
- −$13.27
- Funding while held
- $4.8
- Slippage, 4 orders
- −$39.29
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$72.76
- Spread needed to break even
- 0.643%
Slippage from Gate: live order book, 3 min ago; Coinbase International: live order book, 3 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0160%
- Per $10,000 a day
- +$4.80
- 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 | 3.62 bp | 15.7 bp −$16 | 33.4 bp −$334 | 158.1 bp −$15.8K | doesn't fit |
| Sell Coinbase International live order book, 3 min ago | 6.94 bp | 11.9 bp −$12 | 15.1 bp −$151 | doesn't fit | doesn't fit |
MSTR price on every exchange
against the cheapest. Click to use as the short leg.Binance165.51cheapest
BinanceCoinbase International165.56+0.032%
Bybit165.58+0.044%tradeXYZ165.68+0.104%edgeX165.76+0.150%OKX165.77+0.159%
Bybit
tradeXYZ
OKXGate165.78+0.165%
Variational Omni165.78+0.167%Bitget165.79+0.171%ApeX Omni165.79+0.171%BloFin165.80+0.177%Lighter165.88+0.225%Extended165.96+0.275%Nado165.97+0.282%QFEX165.99+0.292%SoDEX166.01+0.304%Paradex166.02+0.308%Arcus166.03+0.316%Pacifica166.04+0.321%Polymarket Perps166.04+0.322%Aster166.04+0.325%Ondo Perps166.07+0.340%RISEx166.07+0.343%Orderly166.08+0.346%Deribit166.10+0.358%KuCoin166.14+0.382%Aevo166.15+0.389%Vest166.17+0.401%Phoenix166.21+0.423%Phemex166.22+0.431%Injective167.52+1.216%
Variational Omni
Bitget
ApeX Omni
BloFin
Lighter
Extended
Nado
QFEX
SoDEX
Paradex
Arcus
Pacifica
Polymarket Perps
Aster
Ondo Perps
RISEx
Orderly
Deribit
KuCoin
Aevo
Vest
Phoenix
Phemex
InjectiveMSTR on 31 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Binance MSTRUSDT | −0.165% | +0.0449% | 8h | $85.9M | $466.1M | 50x | as long as short |
| Coinbase International MSTR-PERP-INTXshort | −0.133% | +0.0160% | 1h | $1.5M | $1.2M | 10x | |
| Bybit MSTRUSDT | −0.121% | +0.0222% | 8h | $15.7M | $41.3M | 50x | as long as short |
| tradeXYZ xyz:MSTR | −0.060% | +0.0166% | 1h | $56.4M | $29.1M | 10x | as long as short |
| edgeX MSTRUSDC | −0.015% | +0.0356% | 4h | $63K | $4.0M | 10x | as long as short |
| OKX MSTR-USDT-SWAP | −0.006% | +0.0390% | 8h | $21.3M | $93.6M | 50x | as long as short |
| Gate MSTR_USDTlong | 0.000% | 0.0000% | 8h | $5.0M | $18.2M | 50x | |
| Variational Omni MSTR | +0.002% | +0.0385% | 8h | $1.3M | $2.1M | — | as long as short |
| Bitget MSTRUSDT | +0.006% | +0.0434% | 8h | $31.4M | $102.3M | 25x | as long as short |
| ApeX Omni MSTRUSDT | +0.006% | +0.0100% | 1h | $132K | $2.4M | 50x | as long as short |