After costs, if the gap returns to its 7d average, $10k−$37
spread now0.000%7d average−0.007%fees + slippage, in and out−$38spread needed0.379%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate MSTR_USDT | 166.85 | 0 | get 0.0000% / 8h | 6h 57m | $4.8M | $18.2M | 50x |
| Short | OKX MSTR-USDT-SWAP | 166.85 | 0.0212 | get 0.0212% / 8h | 6h 57m | $22.5M | $101.6M | 50x |
Gate MSTR_USDT
OKX MSTR-USDT-SWAPPrice 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
- $6.35
- Slippage, 4 orders
- −$12.92
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$31.57
- Spread needed to break even
- 0.379%
Slippage from Gate: live order book, 3 min ago; OKX: live order book, 3 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0212%
- Per $10,000 a day
- +$6.35
- 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 | 2.69 bp | 11.2 bp −$11 | 25.5 bp −$255 | 103.3 bp −$10.3K | doesn't fit |
| Sell OKX live order book, 3 min ago | 0.30 bp | 6.8 bp −$7 | 13.6 bp −$136 | 38.8 bp −$3,882 | doesn't fit |
MSTR price on every exchange
against the cheapest. Click to use as the short leg.Phemex166.73cheapestBinance166.74+0.003%BloFin166.75+0.012%Extended166.76+0.018%Bybit166.77+0.024%Coinbase International166.80+0.042%Nado166.81+0.050%Lighter166.82+0.054%SoDEX166.83+0.060%Pacifica166.84+0.065%tradeXYZ166.84+0.066%
Phemex
Binance
BloFin
Extended
Bybit
Coinbase International
Nado
Lighter
SoDEX
Pacifica
tradeXYZOKX166.85+0.072%
Gate166.85+0.072%
KuCoin166.85+0.072%QFEX166.87+0.084%Bitget166.87+0.084%Orderly166.87+0.084%Paradex166.88+0.091%Aevo166.88+0.093%ApeX Omni166.90+0.102%RISEx166.91+0.108%Polymarket Perps166.91+0.108%Aster166.92+0.111%Arcus166.92+0.114%Ondo Perps166.94+0.126%Deribit166.94+0.126%Vest167.00+0.162%Injective167.08+0.210%Variational Omni167.16+0.258%Phoenix167.16+0.259%edgeX167.16+0.261%
KuCoin
QFEX
Bitget
Orderly
Paradex
Aevo
ApeX Omni
RISEx
Polymarket Perps
Aster
Arcus
Ondo Perps
Deribit
Vest
Injective
Variational Omni
PhoenixMSTR on 31 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Phemex MSTRUSDT | −0.072% | 0.0000% | 4h | $2.8M | $41K | 10x | as long as short |
| Binance MSTRUSDT | −0.069% | +0.0249% | 8h | $90.9M | $567.1M | 50x | as long as short |
| BloFin MSTR-USDT | −0.060% | +0.0369% | 8h | $1.1M | $1.5M | 20x | as long as short |
| Extended MSTR_24_5-USD | −0.054% | +0.0032% | 1h | $495K | $2.1M | 10x | as long as short |
| Bybit MSTRUSDT | −0.048% | +0.0262% | 8h | $15.4M | $41.5M | 50x | as long as short |
| Coinbase International MSTR-PERP-INTX | −0.030% | +0.0112% | 1h | $1.5M | $1.1M | 10x | as long as short |
| Nado MSTR-PERP | −0.022% | −0.0037% | 1h | $125K | $247K | 3x | as long as short |
| Lighter MSTR | −0.018% | +0.0032% | 1h | $3.6M | $2.6M | 10x | as long as short |
| SoDEX MSTR-USD | −0.012% | +0.0050% | 1h | $44K | $3K | 10x | as long as short |
| Pacifica MSTR | −0.007% | +0.0100% | 1h | $102K | $152K | 10x | as long as short |
Show all 31 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:MSTR | −0.006% | +0.0103% | 1h | $57.0M | $32.0M | 10x | as long as short |
| OKX MSTR-USDT-SWAPshort | 0.000% | +0.0212% | 8h | $22.5M | $101.6M | 50x | |
| Gate MSTR_USDTlong | 0.000% | 0.0000% | 8h | $4.8M | $18.2M | 50x | |
| KuCoin MSTRUSDTM | 0.000% | +0.0100% | 8h | $2.5M | $2.6M | 20x | as long as short |
| QFEX MSTR-USD | +0.012% | +0.0041% | 1h | $1.3M | $9.4M | 10x | as long as short |
| Bitget MSTRUSDT | +0.012% | +0.0276% | 8h | $28.7M | $111.7M | 25x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.012% | +0.0100% | 8h | $3K | $12K | 10x | as long as short |
| Paradex MSTR-USD-PERP | +0.019% | +0.0082% | 8h | $67 | — | 5x | as long as short |
| Aevo MSTR-PERP | +0.021% | +0.0104% | 1h | $139 | — | 10x | as long as short |
| ApeX Omni MSTRUSDT | +0.030% | +0.0100% | 1h | $130K | $1.6M | 50x | as long as short |
| RISEx MSTR/USDC | +0.036% | +0.0017% | 1h | $295K | $467K | 10x | as long as short |
| Polymarket Perps MSTR-USD | +0.036% | +0.0050% | 1h | $405K | $2.3M | 10x | as long as short |
| Aster MSTRUSDT | +0.039% | +0.0251% | 8h | $1.3M | $6.0M | 50x | as long as short |
| Arcus MSTR-USD | +0.042% | +0.0599% | 1h | $26K | $130K | 10x | as long as short |
| Ondo Perps MSTR-USD.P | +0.054% | +0.0050% | 1h | $826K | $4.6M | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.054% | +0.0529% | 1h | $284K | $455K | 10x | as long as short |
| Vest MSTR-USD-PERP | +0.090% | +0.0046% | 1h | — | $1.8M | 25x | as long as short |
| Injective MSTR/USDC PERP | +0.138% | +0.0249% | 1h | $12K | $68K | 30x | as long as short |
| Variational Omni MSTR | +0.186% | +0.0207% | 8h | $1.3M | $2.3M | — | as long as short |
| Phoenix MSTR | +0.186% | +0.0215% | 1h | $55K | $379K | 10x | as long as short |
| edgeX MSTRUSDC | +0.189% | +0.0616% | 4h | $49K | $5.0M | 10x | as long as short |