After costs, if the gap returns to its 7d average, $10k−$54
spread now+0.042%7d average+0.028%fees + slippage, in and out−$56spread needed0.555%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin MSTRUSDTM | 166.27 | 0.0100 | pay 0.0100% / 8h | 5h 19m | $2.6M | $2.7M | 20x |
| Short | BloFin MSTR-USDT | 166.34 | 0.0271 | get 0.0271% / 8h | 5h 19m | $1.1M | $1.6M | 20x |
KuCoin MSTRUSDTM
BloFin MSTR-USDTPrice 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
- $4.21
- Funding while held
- $5.14
- Slippage, 4 orders
- −$31.51
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$46.16
- Spread needed to break even
- 0.555%
Slippage from KuCoin: live order book, 4 min ago; BloFin: live order book, 5 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0171%
- Per $10,000 a day
- +$5.14
- 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 KuCoin live order book, 4 min ago | 1.80 bp | 20.5 bp −$21 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 5 min ago | 0.30 bp | 6.9 bp −$7 | 8.3 bp −$83 | 20.1 bp −$2,009 | 50.3 bp −$25.1K |
MSTR price on every exchange
against the cheapest. Click to use as the short leg.Coinbase International164.72cheapestVariational Omni166.00+0.778%edgeX166.12+0.849%Extended166.18+0.887%tradeXYZ166.22+0.911%Ondo Perps166.24+0.923%Nado166.24+0.924%Phemex166.25+0.929%Lighter166.26+0.935%Gate166.26+0.935%Binance166.27+0.939%
Coinbase International
Variational Omni
Extended
tradeXYZ
Ondo Perps
Nado
Phemex
Lighter
Gate
BinanceKuCoin166.27+0.941%
Bitget166.28+0.947%Orderly166.28+0.947%Aevo166.29+0.952%OKX166.29+0.953%SoDEX166.29+0.953%Pacifica166.29+0.955%Deribit166.31+0.965%Polymarket Perps166.33+0.977%Paradex166.33+0.980%QFEX166.34+0.983%
Bitget
Orderly
Aevo
OKX
SoDEX
Pacifica
Deribit
Polymarket Perps
Paradex
QFEXBloFin166.34+0.983%
RISEx166.35+0.987%Phoenix166.35+0.988%Aster166.35+0.988%Bybit166.35+0.990%Vest166.38+1.008%ApeX Omni166.39+1.014%Injective166.40+1.020%Arcus166.41+1.026%
RISEx
Phoenix
Aster
Bybit
Vest
ApeX Omni
Injective
ArcusMSTR on 31 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Coinbase International MSTR-PERP-INTX | −0.932% | +0.0104% | 1h | $1.4M | $1.1M | 10x | as long as short |
| Variational Omni MSTR | −0.162% | +0.0098% | 8h | $1.2M | $2.4M | — | as long as short |
| edgeX MSTRUSDC | −0.091% | +0.0681% | 4h | $45K | $5.2M | 10x | as long as short |
| Extended MSTR_24_5-USD | −0.053% | +0.0032% | 1h | $577K | $2.1M | 10x | as long as short |
| tradeXYZ xyz:MSTR | −0.030% | +0.0090% | 1h | $56.4M | $33.9M | 10x | as long as short |
| Ondo Perps MSTR-USD.P | −0.018% | +0.0050% | 1h | $777K | $4.7M | 10x | as long as short |
| Nado MSTR-PERP | −0.017% | +0.0031% | 1h | $124K | $232K | 3x | as long as short |
| Phemex MSTRUSDT | −0.012% | 0.0000% | 4h | $2.8M | $46K | 10x | as long as short |
| Lighter MSTR | −0.006% | +0.0032% | 1h | $3.5M | $2.6M | 10x | as long as short |
| Gate MSTR_USDT | −0.006% | 0.0000% | 8h | $4.8M | $18.7M | 50x | as long as short |
Show all 31 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Binance MSTRUSDT | −0.002% | +0.0151% | 8h | $87.6M | $599.3M | 50x | as long as short |
| KuCoin MSTRUSDTMlong | 0.000% | +0.0100% | 8h | $2.6M | $2.7M | 20x | |
| Bitget MSTRUSDT | +0.006% | +0.0221% | 8h | $28.6M | $113.2M | 25x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.006% | +0.0100% | 8h | $3K | $12K | 10x | as long as short |
| Aevo MSTR-PERP | +0.011% | +0.0104% | 1h | $138 | — | 10x | as long as short |
| OKX MSTR-USDT-SWAP | +0.012% | +0.0113% | 8h | $22.2M | $102.5M | 50x | as long as short |
| SoDEX MSTR-USD | +0.012% | +0.0050% | 1h | $44K | $3K | 10x | as long as short |
| Pacifica MSTR | +0.014% | +0.0100% | 1h | $102K | $152K | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.024% | +0.0532% | 1h | $283K | $481K | 10x | as long as short |
| Polymarket Perps MSTR-USD | +0.036% | +0.0050% | 1h | $404K | $2.4M | 10x | as long as short |
| Paradex MSTR-USD-PERP | +0.039% | +0.0081% | 8h | $67 | — | 5x | as long as short |
| QFEX MSTR-USD | +0.042% | +0.0065% | 1h | $1.4M | $9.8M | 10x | as long as short |
| BloFin MSTR-USDTshort | +0.042% | +0.0271% | 8h | $1.1M | $1.6M | 20x | |
| RISEx MSTR/USDC | +0.046% | 0.0000% | 1h | $286K | $469K | 10x | as long as short |
| Phoenix MSTR | +0.046% | +0.0237% | 1h | $55K | $384K | 10x | as long as short |
| Aster MSTRUSDT | +0.047% | +0.0138% | 8h | $1.3M | $6.1M | 50x | as long as short |
| Bybit MSTRUSDT | +0.048% | +0.0284% | 8h | $15.4M | $40.3M | 50x | as long as short |
| Vest MSTR-USD-PERP | +0.066% | +0.0046% | 1h | — | $1.9M | 25x | as long as short |
| ApeX Omni MSTRUSDT | +0.072% | +0.0100% | 1h | $4K | $1.4M | 50x | as long as short |
| Injective MSTR/USDC PERP | +0.078% | +0.0188% | 1h | $12K | $48K | 30x | as long as short |
| Arcus MSTR-USD | +0.084% | +0.0553% | 1h | $27K | $122K | 10x | as long as short |