After costs, if the gap returns to its 7d average, $10k−$78
spread now−0.120%7d average−0.353%fees + slippage, in and out−$101spread needed1.012%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin MSTRUSDTM | 166.55 | 0.0161 | pay 0.0161% / 8h | 32m 28s | $2.6M | $2.6M | 20x |
| Short | Injective MSTR/USDC PERP | 166.35 | 0.0033 | get 0.0004% / 1h | 32m 28s | $12K | $97K | 30x |
KuCoin MSTRUSDTM
Injective MSTR/USDC PERPPrice 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
- −$12.01
- Funding while held
- −$3.84
- Slippage, 4 orders
- −$89.16
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$117.03
- Spread needed to break even
- 1.012%
Slippage from KuCoin: live order book, 11 min ago; Injective: live order book, 78 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0128%
- Per $10,000 a day
- −$3.84
- 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, 11 min ago | 2.10 bp | 26.1 bp −$26 | doesn't fit | doesn't fit | doesn't fit |
| Sell Injective live order book, 78 min ago | 20.53 bp | 20.5 bp −$21 | 23.0 bp −$230 | doesn't fit | doesn't fit |
MSTR price on every exchange
against the cheapest. Click to use as the short leg.Injective166.35cheapest
OKX166.44+0.054%Nado166.47+0.071%Orderly166.47+0.072%Bybit166.50+0.090%
OKX
Nado
Orderly
BybitKuCoin166.55+0.120%
Pacifica166.56+0.125%Extended166.56+0.129%Lighter166.57+0.132%Variational Omni166.58+0.138%tradeXYZ166.58+0.138%Binance166.59+0.144%Gate166.59+0.144%Vest166.59+0.144%Bitget166.62+0.162%Phemex166.62+0.162%Polymarket Perps166.63+0.168%Paradex166.64+0.171%Aster166.65+0.178%QFEX166.67+0.192%Ondo Perps166.68+0.198%Coinbase International166.68+0.198%RISEx166.70+0.210%Arcus166.71+0.216%ApeX Omni166.77+0.252%BloFin166.79+0.265%Phoenix166.80+0.272%SoDEX166.82+0.283%edgeX166.88+0.316%Deribit166.92+0.343%Aevo166.93+0.349%
Pacifica
Extended
Lighter
Variational Omni
tradeXYZ
Binance
Gate
Vest
Bitget
Phemex
Polymarket Perps
Paradex
Aster
QFEX
Ondo Perps
Coinbase International
RISEx
Arcus
ApeX Omni
BloFin
Phoenix
SoDEX
Deribit
AevoMSTR on 31 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective MSTR/USDC PERPshort | −0.120% | +0.0033% | 1h | $12K | $97K | 30x | |
| OKX MSTR-USDT-SWAP | −0.066% | +0.0314% | 8h | $22.2M | $100.6M | 50x | as long as short |
| Nado MSTR-PERP | −0.049% | +0.0060% | 1h | $128K | $260K | 3x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | −0.048% | +0.0100% | 8h | $3K | $13K | 10x | as long as short |
| Bybit MSTRUSDT | −0.030% | +0.0244% | 8h | $15.5M | $43.5M | 50x | as long as short |
| KuCoin MSTRUSDTMlong | 0.000% | +0.0161% | 8h | $2.6M | $2.6M | 20x | |
| Pacifica MSTR | +0.004% | +0.0100% | 1h | $102K | $164K | 10x | as long as short |
| Extended MSTR_24_5-USD | +0.009% | +0.0096% | 1h | $508K | $2.2M | 10x | as long as short |
| Lighter MSTR | +0.012% | +0.0152% | 1h | $3.6M | $2.9M | 10x | as long as short |
| Variational Omni MSTR | +0.018% | +0.0312% | 8h | $1.3M | $2.2M | — | as long as short |
Show all 31 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:MSTR | +0.018% | +0.0228% | 1h | $57.1M | $31.6M | 10x | as long as short |
| Binance MSTRUSDT | +0.024% | +0.0371% | 8h | $89.0M | $533.6M | 50x | as long as short |
| Gate MSTR_USDT | +0.024% | 0.0000% | 8h | $4.9M | $18.7M | 50x | as long as short |
| Vest MSTR-USD-PERP | +0.024% | +0.0046% | 1h | — | $1.6M | 25x | as long as short |
| Bitget MSTRUSDT | +0.042% | +0.0367% | 8h | $29.1M | $110.3M | 25x | as long as short |
| Phemex MSTRUSDT | +0.042% | 0.0000% | 4h | $2.8M | $36K | 10x | as long as short |
| Polymarket Perps MSTR-USD | +0.048% | +0.0054% | 1h | $408K | $2.1M | 10x | as long as short |
| Paradex MSTR-USD-PERP | +0.051% | +0.0127% | 8h | $67 | — | 5x | as long as short |
| Aster MSTRUSDT | +0.057% | +0.0382% | 8h | $1.3M | $5.9M | 50x | as long as short |
| QFEX MSTR-USD | +0.072% | +0.0057% | 1h | $1.3M | $9.2M | 10x | as long as short |
| Ondo Perps MSTR-USD.P | +0.078% | +0.0050% | 1h | $912K | $4.6M | 10x | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.078% | +0.0112% | 1h | $1.5M | $1.2M | 10x | as long as short |
| RISEx MSTR/USDC | +0.090% | +0.0486% | 1h | $304K | $460K | 10x | as long as short |
| Arcus MSTR-USD | +0.096% | +0.0705% | 1h | $26K | $126K | 10x | as long as short |
| ApeX Omni MSTRUSDT | +0.132% | +0.0100% | 1h | $133K | $2.0M | 50x | as long as short |
| BloFin MSTR-USDT | +0.144% | +0.0492% | 8h | $1.1M | $1.4M | 20x | as long as short |
| Phoenix MSTR | +0.152% | +0.0216% | 1h | $56K | $364K | 10x | as long as short |
| SoDEX MSTR-USD | +0.162% | +0.0050% | 1h | $44K | $3K | 10x | as long as short |
| edgeX MSTRUSDC | +0.196% | +0.0496% | 4h | $63K | $4.6M | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.222% | +0.0529% | 1h | $284K | $456K | 10x | as long as short |
| Aevo MSTR-PERP | +0.229% | +0.0104% | 1h | $139 | — | 10x | as long as short |