After costs, if the gap returns to its 7d average, $10k−$82
spread now−0.024%7d average+0.045%fees + slippage, in and out−$75spread needed0.750%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin MSTRUSDTM | 168.12 | 0.0182 | pay 0.0182% / 8h | 49m 19s | $2.6M | $2.6M | 20x |
| Short | Gate MSTR_USDT | 168.08 | 0 | get 0.0000% / 8h | 49m 19s | $5.0M | $18.4M | 50x |
KuCoin MSTRUSDTM
Gate 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
- −$2.38
- Funding while held
- −$5.46
- Slippage, 4 orders
- −$48.02
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$82.86
- Spread needed to break even
- 0.750%
Slippage from KuCoin: live order book, 4 min ago; Gate: live order book, 1 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0182%
- Per $10,000 a day
- −$5.46
- 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 | 2.39 bp | 24.4 bp −$24 | doesn't fit | doesn't fit | doesn't fit |
| Sell Gate live order book, 1 min ago | 2.98 bp | 16.5 bp −$16 | 28.4 bp −$284 | 124.5 bp −$12.5K | doesn't fit |
MSTR price on every exchange
against the cheapest. Click to use as the short leg.Coinbase International166.86cheapestInjective166.94+0.048%Phoenix167.26+0.239%Phemex167.37+0.306%Variational Omni167.40+0.326%edgeX167.57+0.428%SoDEX167.72+0.515%ApeX Omni167.74+0.527%Extended167.81+0.567%Bitget167.83+0.581%Deribit167.85+0.593%Orderly167.87+0.605%Aevo167.90+0.625%OKX167.91+0.629%BloFin167.95+0.653%Ondo Perps168.00+0.683%Bybit168.02+0.695%Nado168.04+0.708%tradeXYZ168.07+0.725%
Coinbase International
Injective
Phoenix
Phemex
Variational Omni
SoDEX
ApeX Omni
Extended
Bitget
Deribit
Orderly
Aevo
OKX
BloFin
Ondo Perps
Bybit
Nado
tradeXYZGate168.08+0.731%
Lighter168.10+0.743%Polymarket Perps168.11+0.749%Binance168.11+0.749%
Lighter
Polymarket Perps
BinanceKuCoin168.12+0.755%
Pacifica168.13+0.760%Aster168.16+0.781%RISEx168.17+0.786%Paradex168.18+0.793%QFEX168.21+0.809%Vest168.23+0.821%Arcus168.27+0.845%
Pacifica
Aster
RISEx
Paradex
QFEX
Vest
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 | −0.749% | +0.0112% | 1h | $1.5M | $1.2M | 10x | as long as short |
| Injective MSTR/USDC PERP | −0.702% | +0.0033% | 1h | $12K | $97K | 30x | as long as short |
| Phoenix MSTR | −0.512% | +0.0216% | 1h | $55K | $364K | 10x | as long as short |
| Phemex MSTRUSDT | −0.446% | 0.0000% | 4h | $2.8M | $32K | 10x | as long as short |
| Variational Omni MSTR | −0.426% | +0.0316% | 8h | $1.3M | $2.2M | — | as long as short |
| edgeX MSTRUSDC | −0.325% | +0.0081% | 4h | $61K | $4.6M | 10x | as long as short |
| SoDEX MSTR-USD | −0.238% | +0.0050% | 1h | $44K | $3K | 10x | as long as short |
| ApeX Omni MSTRUSDT | −0.226% | +0.0100% | 1h | $133K | $2.2M | 50x | as long as short |
| Extended MSTR_24_5-USD | −0.187% | +0.0064% | 1h | $514K | $2.3M | 10x | as long as short |
| Bitget MSTRUSDT | −0.172% | +0.0380% | 8h | $28.9M | $109.5M | 25x | as long as short |
Show all 31 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Deribit MSTR_USDC-PERPETUAL | −0.161% | +0.0764% | 1h | $285K | $456K | 10x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | −0.149% | +0.0100% | 8h | $3K | $14K | 10x | as long as short |
| Aevo MSTR-PERP | −0.130% | +0.0104% | 1h | $139 | — | 10x | as long as short |
| OKX MSTR-USDT-SWAP | −0.125% | +0.0337% | 8h | $22.3M | $100.8M | 50x | as long as short |
| BloFin MSTR-USDT | −0.101% | +0.0504% | 8h | $1.1M | $1.4M | 20x | as long as short |
| Ondo Perps MSTR-USD.P | −0.071% | +0.0050% | 1h | $915K | $4.6M | 10x | as long as short |
| Bybit MSTRUSDT | −0.059% | +0.0234% | 8h | $15.9M | $42.5M | 50x | as long as short |
| Nado MSTR-PERP | −0.046% | +0.0100% | 1h | $129K | $259K | 3x | as long as short |
| tradeXYZ xyz:MSTR | −0.030% | +0.0274% | 1h | $57.3M | $31.6M | 10x | as long as short |
| Gate MSTR_USDTshort | −0.024% | 0.0000% | 8h | $5.0M | $18.4M | 50x | |
| Lighter MSTR | −0.012% | +0.0168% | 1h | $3.6M | $2.9M | 10x | as long as short |
| Polymarket Perps MSTR-USD | −0.006% | +0.0124% | 1h | $415K | $2.0M | 10x | as long as short |
| Binance MSTRUSDT | −0.006% | +0.0387% | 8h | $89.7M | $527.6M | 50x | as long as short |
| KuCoin MSTRUSDTMlong | 0.000% | +0.0182% | 8h | $2.6M | $2.6M | 20x | |
| Pacifica MSTR | +0.005% | +0.0100% | 1h | $103K | $167K | 10x | as long as short |
| Aster MSTRUSDT | +0.026% | +0.0408% | 8h | $1.3M | $5.9M | 50x | as long as short |
| RISEx MSTR/USDC | +0.030% | +0.0486% | 1h | $201K | $393K | 10x | as long as short |
| Paradex MSTR-USD-PERP | +0.038% | +0.0133% | 8h | $67 | — | 5x | as long as short |
| QFEX MSTR-USD | +0.054% | +0.0057% | 1h | $1.3M | $9.1M | 10x | as long as short |
| Vest MSTR-USD-PERP | +0.065% | +0.0046% | 1h | — | $1.5M | 25x | as long as short |
| Arcus MSTR-USD | +0.089% | +0.0705% | 1h | $27K | $122K | 10x | as long as short |