After costs, if the gap returns to its 7d average, $10k−$35
spread now−0.003%7d average−0.100%fees + slippage, in and out−$44spread needed0.445%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate MSTR_USDT | 166.27 | 0 | get 0.0000% / 8h | 7h 15m | $4.9M | $19.0M | 50x |
| Short | Extended MSTR_24_5-USD | 166.26 | 0.0032 | get 0.0004% / 1h | 15m 40s | $494K | $2.1M | 10x |
Gate MSTR_USDT
Extended MSTR_24_5-USDPrice 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
- −$0.3
- Funding while held
- $0.96
- Slippage, 4 orders
- −$24.46
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$43.8
- Spread needed to break even
- 0.445%
Slippage from Gate: live order book, 5 min ago; Extended: live order book, 4 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0032%
- Per $10,000 a day
- +$0.96
- 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, 5 min ago | 2.72 bp | 12.6 bp −$13 | 38.0 bp −$380 | 129.7 bp −$13.0K | doesn't fit |
| Sell Extended live order book, 4 min ago | 2.41 bp | 8.4 bp −$8 | 23.8 bp −$238 | doesn't fit | doesn't fit |
MSTR price on every exchange
against the cheapest. Click to use as the short leg.Ondo Perps165.22cheapestInjective165.38+0.097%edgeX165.48+0.157%ApeX Omni165.56+0.206%Phoenix165.80+0.352%Coinbase International165.97+0.454%Nado166.17+0.574%BloFin166.20+0.593%tradeXYZ166.25+0.623%Vest166.26+0.629%Variational Omni166.26+0.632%
Ondo Perps
Injective
ApeX Omni
Phoenix
Coinbase International
Nado
BloFin
tradeXYZ
Vest
Variational OmniExtended166.26+0.632%
QFEX166.27+0.636%
QFEXGate166.27+0.636%
Orderly166.28+0.642%Paradex166.29+0.645%KuCoin166.29+0.648%Bitget166.29+0.648%Pacifica166.29+0.650%Aevo166.30+0.652%Lighter166.31+0.660%Aster166.32+0.666%OKX166.33+0.672%RISEx166.34+0.678%Polymarket Perps166.35+0.684%Binance166.37+0.696%Phemex166.38+0.702%Bybit166.39+0.708%Arcus166.40+0.714%SoDEX166.42+0.726%Deribit166.52+0.787%
Orderly
Paradex
KuCoin
Bitget
Pacifica
Aevo
Lighter
Aster
OKX
RISEx
Polymarket Perps
Binance
Phemex
Bybit
Arcus
SoDEX
DeribitMSTR on 31 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Ondo Perps MSTR-USD.P | −0.632% | +0.0050% | 1h | $884K | $4.4M | 10x | as long as short |
| Injective MSTR/USDC PERP | −0.535% | +0.0312% | 1h | $12K | $93K | 30x | as long as short |
| edgeX MSTRUSDC | −0.475% | +0.0717% | 4h | $43K | $4.9M | 10x | as long as short |
| ApeX Omni MSTRUSDT | −0.427% | +0.0100% | 1h | $129K | $1.8M | 50x | as long as short |
| Phoenix MSTR | −0.282% | +0.0226% | 1h | $55K | $380K | 10x | as long as short |
| Coinbase International MSTR-PERP-INTX | −0.180% | +0.0112% | 1h | $1.5M | $1.2M | 10x | as long as short |
| Nado MSTR-PERP | −0.061% | +0.0113% | 1h | $125K | $254K | 3x | as long as short |
| BloFin MSTR-USDT | −0.042% | +0.0396% | 8h | $1.1M | $1.4M | 20x | as long as short |
| tradeXYZ xyz:MSTR | −0.012% | +0.0151% | 1h | $56.7M | $31.8M | 10x | as long as short |
| Vest MSTR-USD-PERP | −0.006% | +0.0046% | 1h | — | $1.8M | 25x | as long as short |
Show all 31 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Variational Omni MSTR | −0.004% | +0.0222% | 8h | $1.3M | $2.3M | — | as long as short |
| Extended MSTR_24_5-USDshort | −0.003% | +0.0032% | 1h | $494K | $2.1M | 10x | |
| QFEX MSTR-USD | 0.000% | +0.0041% | 1h | $1.3M | $9.3M | 10x | as long as short |
| Gate MSTR_USDTlong | 0.000% | 0.0000% | 8h | $4.9M | $19.0M | 50x | |
| Orderly PERP_MSTR_USDC_mythos | +0.006% | +0.0100% | 8h | $3K | $12K | 10x | as long as short |
| Paradex MSTR-USD-PERP | +0.009% | +0.0097% | 8h | $67 | — | 5x | as long as short |
| KuCoin MSTRUSDTM | +0.012% | +0.0100% | 8h | $2.6M | $2.6M | 20x | as long as short |
| Bitget MSTRUSDT | +0.012% | +0.0313% | 8h | $28.8M | $111.0M | 25x | as long as short |
| Pacifica MSTR | +0.014% | +0.0100% | 1h | $102K | $152K | 10x | as long as short |
| Aevo MSTR-PERP | +0.016% | +0.0104% | 1h | $138 | — | 10x | as long as short |
| Lighter MSTR | +0.024% | +0.0032% | 1h | $3.6M | $2.8M | 10x | as long as short |
| Aster MSTRUSDT | +0.030% | +0.0270% | 8h | $1.3M | $6.0M | 50x | as long as short |
| OKX MSTR-USDT-SWAP | +0.036% | +0.0241% | 8h | $22.4M | $100.7M | 50x | as long as short |
| RISEx MSTR/USDC | +0.042% | +0.0277% | 1h | $298K | $465K | 10x | as long as short |
| Polymarket Perps MSTR-USD | +0.048% | +0.0050% | 1h | $403K | $2.3M | 10x | as long as short |
| Binance MSTRUSDT | +0.060% | +0.0277% | 8h | $90.1M | $557.9M | 50x | as long as short |
| Phemex MSTRUSDT | +0.066% | 0.0000% | 4h | $2.8M | $40K | 10x | as long as short |
| Bybit MSTRUSDT | +0.072% | +0.0380% | 8h | $15.4M | $41.4M | 50x | as long as short |
| Arcus MSTR-USD | +0.078% | +0.0612% | 1h | $26K | $128K | 10x | as long as short |
| SoDEX MSTR-USD | +0.090% | +0.0050% | 1h | $44K | $3K | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.150% | +0.0712% | 1h | $283K | $455K | 10x | as long as short |