After costs, if the gap returns to its 7d average, $10k−$58
spread now+0.036%7d average+0.031%fees + slippage, in and out−$58spread needed0.584%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin MSTRUSDTM | 165.71 | 0.0100 | pay 0.0100% / 8h | 5h 50m | $2.6M | $2.7M | 20x |
| Short | Bybit MSTRUSDT | 165.77 | 0.0304 | get 0.0304% / 8h | 5h 50m | $15.4M | $40.4M | 50x |
KuCoin MSTRUSDTM
Bybit MSTRUSDTPrice 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
- $3.62
- Funding while held
- $6.13
- Slippage, 4 orders
- −$35.37
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$48.61
- Spread needed to break even
- 0.584%
Slippage from KuCoin: live order book, 3 min ago; Bybit: live order book, 4 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0204%
- Per $10,000 a day
- +$6.13
- 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, 3 min ago | 2.11 bp | 20.6 bp −$21 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 4 min ago | 0.30 bp | 7.2 bp −$7 | 14.6 bp −$146 | 66.0 bp −$6,604 | doesn't fit |
MSTR price on every exchange
against the cheapest. Click to use as the short leg.Coinbase International164.72cheapestApeX Omni165.23+0.310%Variational Omni165.26+0.325%Extended165.59+0.531%Injective165.62+0.546%Lighter165.66+0.571%Binance165.66+0.573%tradeXYZ165.67+0.577%OKX165.70+0.595%Bitget165.70+0.595%Gate165.71+0.601%
Coinbase International
ApeX Omni
Variational Omni
Extended
Injective
Lighter
Binance
tradeXYZ
OKX
Bitget
GateKuCoin165.71+0.601%
Bybit165.77+0.637%
SoDEX165.79+0.650%Phemex165.81+0.662%BloFin165.81+0.662%Pacifica165.83+0.676%Orderly165.86+0.692%Deribit165.86+0.692%Nado165.87+0.696%Ondo Perps165.87+0.698%QFEX165.87+0.698%Aster165.89+0.708%Aevo165.89+0.710%Paradex165.89+0.712%RISEx165.90+0.713%Polymarket Perps165.90+0.716%edgeX165.92+0.731%Arcus165.97+0.759%Phoenix165.97+0.759%Vest166.06+0.814%
SoDEX
Phemex
BloFin
Pacifica
Orderly
Deribit
Nado
Ondo Perps
QFEX
Aster
Aevo
Paradex
RISEx
Polymarket Perps
Arcus
Phoenix
VestMSTR 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 | −0.597% | +0.0104% | 1h | $1.4M | $1.1M | 10x | as long as short |
| ApeX Omni MSTRUSDT | −0.290% | +0.0100% | 1h | $4K | $1.4M | 50x | as long as short |
| Variational Omni MSTR | −0.274% | +0.0132% | 8h | $1.2M | $2.4M | — | as long as short |
| Extended MSTR_24_5-USD | −0.070% | +0.0032% | 1h | $574K | $2.1M | 10x | as long as short |
| Injective MSTR/USDC PERP | −0.054% | +0.0188% | 1h | $12K | $48K | 30x | as long as short |
| Lighter MSTR | −0.030% | +0.0056% | 1h | $3.5M | $2.6M | 10x | as long as short |
| Binance MSTRUSDT | −0.027% | +0.0188% | 8h | $88.0M | $596.4M | 50x | as long as short |
| tradeXYZ xyz:MSTR | −0.024% | +0.0124% | 1h | $56.2M | $33.7M | 10x | as long as short |
| OKX MSTR-USDT-SWAP | −0.006% | +0.0148% | 8h | $22.0M | $101.9M | 50x | as long as short |
| Bitget MSTRUSDT | −0.006% | +0.0242% | 8h | $28.4M | $112.9M | 25x | as long as short |
Show all 31 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Gate MSTR_USDT | 0.000% | 0.0000% | 8h | $4.8M | $18.5M | 50x | as long as short |
| KuCoin MSTRUSDTMlong | 0.000% | +0.0100% | 8h | $2.6M | $2.7M | 20x | |
| Bybit MSTRUSDTshort | +0.036% | +0.0304% | 8h | $15.4M | $40.4M | 50x | |
| SoDEX MSTR-USD | +0.048% | +0.0050% | 1h | $44K | $3K | 10x | as long as short |
| Phemex MSTRUSDT | +0.060% | 0.0000% | 4h | $2.8M | $45K | 10x | as long as short |
| BloFin MSTR-USDT | +0.060% | +0.0308% | 8h | $1.1M | $1.6M | 20x | as long as short |
| Pacifica MSTR | +0.075% | +0.0100% | 1h | $101K | $153K | 10x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.091% | +0.0100% | 8h | $3K | $12K | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.091% | +0.0172% | 1h | $282K | $488K | 10x | as long as short |
| Nado MSTR-PERP | +0.095% | +0.0134% | 1h | $124K | $240K | 3x | as long as short |
| Ondo Perps MSTR-USD.P | +0.097% | +0.0050% | 1h | $779K | $4.7M | 10x | as long as short |
| QFEX MSTR-USD | +0.097% | +0.0065% | 1h | $1.4M | $9.7M | 10x | as long as short |
| Aster MSTRUSDT | +0.107% | +0.0176% | 8h | $1.3M | $6.1M | 50x | as long as short |
| Aevo MSTR-PERP | +0.109% | +0.0104% | 1h | $138 | — | 10x | as long as short |
| Paradex MSTR-USD-PERP | +0.110% | +0.0105% | 8h | $66 | — | 5x | as long as short |
| RISEx MSTR/USDC | +0.112% | 0.0000% | 1h | $285K | $464K | 10x | as long as short |
| Polymarket Perps MSTR-USD | +0.115% | +0.0050% | 1h | $400K | $2.3M | 10x | as long as short |
| edgeX MSTRUSDC | +0.129% | +0.0800% | 4h | $44K | $5.2M | 10x | as long as short |
| Arcus MSTR-USD | +0.157% | +0.0553% | 1h | $27K | $119K | 10x | as long as short |
| Phoenix MSTR | +0.157% | +0.0237% | 1h | $55K | $384K | 10x | as long as short |
| Vest MSTR-USD-PERP | +0.211% | +0.0046% | 1h | — | $1.8M | 25x | as long as short |