After costs, if the gap returns to its 7d average, $10k−$47
spread now0.000%7d average−0.040%fees + slippage, in and out−$51spread needed0.509%
| 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 | 6h 25m | $2.5M | $2.6M | 20x |
| Short | Lighter MSTR | 165.71 | 0.0032 | get 0.0004% / 1h | 25m 54s | $3.5M | $2.6M | 10x |
KuCoin MSTRUSDTM
Lighter MSTRPrice 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
- −$2.04
- Slippage, 4 orders
- −$38.85
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$52.89
- Spread needed to break even
- 0.509%
Slippage from KuCoin: live order book, 8 min ago; Lighter: live order book, 8 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0068%
- Per $10,000 a day
- −$2.04
- 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, 8 min ago | 2.10 bp | 25.6 bp −$26 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter live order book, 8 min ago | 1.50 bp | 2.5 bp −$3 | 6.1 bp −$61 | 30.5 bp −$3,054 | doesn't fit |
MSTR price on every exchange
against the cheapest. Click to use as the short leg.ApeX Omni165.41cheapestCoinbase International165.53+0.073%Extended165.57+0.097%Ondo Perps165.59+0.109%tradeXYZ165.66+0.151%edgeX165.69+0.168%Binance165.71+0.181%
ApeX Omni
Coinbase International
Extended
Ondo Perps
tradeXYZ
BinanceLighter165.71+0.181%
Gate165.71+0.181%
GateKuCoin165.71+0.181%
Vest165.71+0.181%Bitget165.72+0.187%Nado165.73+0.195%OKX165.74+0.200%Aster165.74+0.200%Bybit165.75+0.206%Orderly165.75+0.206%Aevo165.75+0.206%BloFin165.76+0.212%SoDEX165.77+0.218%Arcus165.78+0.224%Phemex165.79+0.230%Polymarket Perps165.80+0.236%Pacifica165.82+0.247%Paradex165.82+0.247%QFEX165.82+0.248%Deribit165.83+0.254%RISEx165.84+0.260%Injective166.20+0.478%Phoenix166.35+0.566%Variational Omni166.45+0.631%
Vest
Bitget
Nado
OKX
Aster
Bybit
Orderly
Aevo
BloFin
SoDEX
Arcus
Phemex
Polymarket Perps
Pacifica
Paradex
QFEX
Deribit
RISEx
Injective
Phoenix
Variational OmniMSTR on 31 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| ApeX Omni MSTRUSDT | −0.181% | +0.0100% | 1h | $4K | $1.4M | 50x | as long as short |
| Coinbase International MSTR-PERP-INTX | −0.109% | +0.0112% | 1h | $1.5M | $1.1M | 10x | as long as short |
| Extended MSTR_24_5-USD | −0.084% | +0.0032% | 1h | $491K | $2.0M | 10x | as long as short |
| Ondo Perps MSTR-USD.P | −0.072% | +0.0050% | 1h | $755K | $4.7M | 10x | as long as short |
| tradeXYZ xyz:MSTR | −0.030% | +0.0052% | 1h | $56.2M | $32.5M | 10x | as long as short |
| edgeX MSTRUSDC | −0.013% | +0.0075% | 4h | $45K | $5.1M | 10x | as long as short |
| Binance MSTRUSDT | 0.000% | +0.0192% | 8h | $88.0M | $586.2M | 50x | as long as short |
| Lighter MSTRshort | 0.000% | +0.0032% | 1h | $3.5M | $2.6M | 10x | |
| Gate MSTR_USDT | 0.000% | 0.0000% | 8h | $4.8M | $18.6M | 50x | as long as short |
| KuCoin MSTRUSDTMlong | 0.000% | +0.0100% | 8h | $2.5M | $2.6M | 20x |