After costs, if the gap returns to its 7d average, $10k−$75
spread now0.000%7d average−0.045%fees + slippage, in and out−$79spread needed0.791%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate MSTR_USDT | 166.26 | 0 | get 0.0000% / 8h | 7h 41m | $4.8M | $18.7M | 50x |
| Short | KuCoin MSTRUSDTM | 166.26 | 0.0100 | get 0.0100% / 8h | 7h 41m | $2.5M | $2.6M | 20x |
Gate MSTR_USDT
KuCoin MSTRUSDTMPrice 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
- Funding while held
- $3
- Slippage, 4 orders
- −$52.12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$76.12
- Spread needed to break even
- 0.791%
Slippage from Gate: live order book, 4 min ago; KuCoin: live order book, 2 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0100%
- Per $10,000 a day
- +$3.00
- 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, 4 min ago | 3.02 bp | 19.0 bp −$19 | 34.9 bp −$349 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 2 min ago | 2.11 bp | 19.0 bp −$19 | doesn't fit | doesn't fit | doesn't fit |
MSTR price on every exchange
against the cheapest. Click to use as the short leg.Phoenix165.76cheapestOndo Perps165.80+0.025%Pacifica165.99+0.141%Coinbase International166.00+0.145%ApeX Omni166.02+0.157%Nado166.04+0.168%Paradex166.05+0.173%Vest166.05+0.176%Variational Omni166.07+0.188%Extended166.08+0.193%OKX166.14+0.230%Polymarket Perps166.16+0.242%RISEx166.16+0.244%QFEX166.17+0.248%Binance166.18+0.252%tradeXYZ166.18+0.254%Bybit166.18+0.254%Aster166.21+0.273%edgeX166.24+0.291%Lighter166.25+0.296%Orderly166.25+0.296%
Phoenix
Ondo Perps
Pacifica
Coinbase International
ApeX Omni
Nado
Paradex
Vest
Variational Omni
Extended
OKX
Polymarket Perps
RISEx
QFEX
Binance
tradeXYZ
Bybit
Aster
Lighter
OrderlyGate166.26+0.302%
KuCoin166.26+0.302%
SoDEX166.26+0.302%Arcus166.27+0.308%Phemex166.27+0.308%Aevo166.30+0.323%Bitget166.31+0.332%BloFin166.32+0.338%Deribit166.35+0.357%Injective166.56+0.483%
SoDEX
Arcus
Phemex
Aevo
Bitget
BloFin
Deribit
InjectiveMSTR on 31 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Phoenix MSTR | −0.301% | +0.0226% | 1h | $53K | $380K | 10x | as long as short |
| Ondo Perps MSTR-USD.P | −0.277% | +0.0050% | 1h | $884K | $4.4M | 10x | as long as short |
| Pacifica MSTR | −0.161% | +0.0100% | 1h | $101K | $153K | 10x | as long as short |
| Coinbase International MSTR-PERP-INTX | −0.156% | +0.0112% | 1h | $1.5M | $1.2M | 10x | as long as short |
| ApeX Omni MSTRUSDT | −0.144% | +0.0100% | 1h | $129K | $1.8M | 50x | as long as short |
| Nado MSTR-PERP | −0.133% | +0.0154% | 1h | $125K | $257K | 3x | as long as short |
| Paradex MSTR-USD-PERP | −0.129% | +0.0113% | 8h | $66 | — | 5x | as long as short |
| Vest MSTR-USD-PERP | −0.126% | +0.0046% | 1h | — | $1.7M | 25x | as long as short |
| Variational Omni MSTR | −0.114% | +0.0251% | 8h | $1.2M | $2.2M | — | as long as short |
| Extended MSTR_24_5-USD | −0.109% | +0.0032% | 1h | $499K | $2.2M | 10x | as long as short |
Show all 31 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| OKX MSTR-USDT-SWAP | −0.072% | +0.0273% | 8h | $22.3M | $100.9M | 50x | as long as short |
| Polymarket Perps MSTR-USD | −0.060% | +0.0050% | 1h | $410K | $2.3M | 10x | as long as short |
| RISEx MSTR/USDC | −0.059% | +0.0277% | 1h | $292K | $477K | 10x | as long as short |
| QFEX MSTR-USD | −0.054% | +0.0041% | 1h | $1.3M | $9.3M | 10x | as long as short |
| Binance MSTRUSDT | −0.050% | +0.0312% | 8h | $89.5M | $555.3M | 50x | as long as short |
| tradeXYZ xyz:MSTR | −0.048% | +0.0176% | 1h | $56.7M | $31.4M | 10x | as long as short |
| Bybit MSTRUSDT | −0.048% | +0.0470% | 8h | $15.4M | $42.0M | 50x | as long as short |
| Aster MSTRUSDT | −0.029% | +0.0304% | 8h | $1.3M | $6.0M | 50x | as long as short |
| edgeX MSTRUSDC | −0.012% | +0.0144% | 4h | $44K | $4.9M | 10x | as long as short |
| Lighter MSTR | −0.006% | +0.0056% | 1h | $3.6M | $2.8M | 10x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | −0.006% | +0.0100% | 8h | $3K | $12K | 10x | as long as short |
| Gate MSTR_USDTlong | 0.000% | 0.0000% | 8h | $4.8M | $18.7M | 50x | |
| KuCoin MSTRUSDTMshort | 0.000% | +0.0100% | 8h | $2.5M | $2.6M | 20x | |
| SoDEX MSTR-USD | 0.000% | +0.0050% | 1h | $44K | $3K | 10x | as long as short |
| Arcus MSTR-USD | +0.006% | +0.0612% | 1h | $26K | $126K | 10x | as long as short |
| Phemex MSTRUSDT | +0.006% | 0.0000% | 4h | $2.8M | $39K | 10x | as long as short |
| Aevo MSTR-PERP | +0.021% | +0.0104% | 1h | $138 | — | 10x | as long as short |
| Bitget MSTRUSDT | +0.030% | +0.0324% | 8h | $29.0M | $111.0M | 25x | as long as short |
| BloFin MSTR-USDT | +0.036% | +0.0432% | 8h | $1.1M | $1.4M | 20x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.054% | +0.0893% | 1h | $283K | $454K | 10x | as long as short |
| Injective MSTR/USDC PERP | +0.180% | +0.0312% | 1h | $12K | $93K | 30x | as long as short |