After costs, if the gap returns to its 7d average, $10k−$50
spread now+0.193%7d average+0.034%fees + slippage, in and out−$65spread needed0.655%
| 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 | Deribit MSTR_USDC-PERPETUAL | 166.10 | 0.0533 | get 0.0067% / 1h | 47m 11s | $282K | $454K | 10x |
Gate MSTR_USDT
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
- $19.3
- Funding while held
- $16
- Slippage, 4 orders
- −$43.47
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$30.17
- Spread needed to break even
- 0.655%
Slippage from Gate: live order book, 3 min ago; Deribit: live order book, 8 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0533%
- Per $10,000 a day
- +$16.00
- 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 Deribit live order book, 8 min ago | 3.31 bp | 17.0 bp −$17 | doesn't fit | doesn't fit | doesn't fit |
MSTR price on every exchange
against the cheapest. Click to use as the short leg.Binance165.51cheapestCoinbase International165.56+0.032%Bybit165.58+0.044%tradeXYZ165.68+0.104%edgeX165.76+0.150%OKX165.77+0.159%
Binance
Coinbase International
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%
Variational Omni
Bitget
ApeX Omni
BloFin
Lighter
Extended
Nado
QFEX
SoDEX
Paradex
Arcus
Pacifica
Polymarket Perps
Aster
Ondo Perps
RISEx
OrderlyDeribit166.10+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%
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-INTX | −0.133% | +0.0160% | 1h | $1.5M | $1.2M | 10x | as long as short |
| 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 |
Show all 31 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| BloFin MSTR-USDT | +0.012% | +0.0584% | 8h | $1.1M | $1.4M | 20x | as long as short |
| Lighter MSTR | +0.060% | +0.0152% | 1h | $3.5M | $2.8M | 10x | as long as short |
| Extended MSTR_24_5-USD | +0.110% | +0.0032% | 1h | $491K | $2.2M | 10x | as long as short |
| Nado MSTR-PERP | +0.117% | +0.0065% | 1h | $155K | $251K | 3x | as long as short |
| QFEX MSTR-USD | +0.127% | +0.0057% | 1h | $1.3M | $8.8M | 10x | as long as short |
| SoDEX MSTR-USD | +0.139% | +0.0050% | 1h | $44K | $3K | 10x | as long as short |
| Paradex MSTR-USD-PERP | +0.143% | +0.0127% | 8h | $66 | — | 5x | as long as short |
| Arcus MSTR-USD | +0.151% | +0.0991% | 1h | $26K | $121K | 10x | as long as short |
| Pacifica MSTR | +0.156% | +0.0100% | 1h | $102K | $176K | 10x | as long as short |
| Polymarket Perps MSTR-USD | +0.157% | +0.0050% | 1h | $422K | $1.6M | 10x | as long as short |
| Aster MSTRUSDT | +0.160% | +0.0488% | 8h | $1.9M | $4.3M | 50x | as long as short |
| Ondo Perps MSTR-USD.P | +0.175% | +0.0050% | 1h | $923K | $4.3M | 10x | as long as short |
| RISEx MSTR/USDC | +0.178% | +0.0566% | 1h | $189K | $389K | 10x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.181% | +0.0100% | 8h | $3K | $14K | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUALshort | +0.193% | +0.0533% | 1h | $282K | $454K | 10x | |
| KuCoin MSTRUSDTM | +0.217% | +0.0117% | 8h | $3.2M | $2.1M | 20x | as long as short |
| Aevo MSTR-PERP | +0.223% | +0.0104% | 1h | $138 | — | 10x | as long as short |
| Vest MSTR-USD-PERP | +0.235% | +0.0046% | 1h | — | $1.3M | 25x | as long as short |
| Phoenix MSTR | +0.258% | +0.0320% | 1h | $55K | $334K | 10x | as long as short |
| Phemex MSTRUSDT | +0.265% | 0.0000% | 4h | $2.8M | $27K | 10x | as long as short |
| Injective MSTR/USDC PERP | +1.050% | −0.0440% | 1h | $12K | $103K | 30x | as long as short |