After costs, if the gap returns to its 7d average, $10k−$49
spread now+0.132%7d average+0.037%fees + slippage, in and out−$59spread needed0.588%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin MSTRUSDTM | 166.28 | 0.0143 | pay 0.0143% / 8h | 23m 37s | $2.6M | $2.6M | 20x |
| Short | OKX MSTR-USDT-SWAP | 166.50 | 0.0294 | get 0.0294% / 8h | 23m 37s | $22.1M | $101.0M | 50x |
KuCoin MSTRUSDTM
OKX MSTR-USDT-SWAPPrice 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
- $13.23
- Funding while held
- $4.52
- Slippage, 4 orders
- −$36.83
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$41.08
- Spread needed to break even
- 0.588%
Slippage from KuCoin: live order book, 10 min ago; OKX: live order book, 2 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0151%
- Per $10,000 a day
- +$4.52
- 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, 10 min ago | 1.50 bp | 24.1 bp −$24 | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 2 min ago | 0.30 bp | 6.9 bp −$7 | 11.0 bp −$110 | 38.2 bp −$3,823 | doesn't fit |
MSTR price on every exchange
against the cheapest. Click to use as the short leg.ApeX Omni165.65cheapestPhoenix165.75+0.060%Ondo Perps165.76+0.066%Variational Omni165.81+0.097%Coinbase International166.13+0.290%Phemex166.17+0.314%SoDEX166.20+0.332%Vest166.22+0.344%
ApeX Omni
Phoenix
Ondo Perps
Variational Omni
Coinbase International
Phemex
SoDEX
VestKuCoin166.28+0.380%
edgeX166.28+0.381%Aster166.29+0.385%Nado166.29+0.386%tradeXYZ166.29+0.386%Orderly166.34+0.417%Extended166.34+0.417%Polymarket Perps166.35+0.423%Injective166.35+0.423%Pacifica166.35+0.423%Lighter166.36+0.429%Aevo166.36+0.432%Binance166.39+0.445%BloFin166.39+0.447%Deribit166.40+0.453%Gate166.42+0.465%Paradex166.43+0.473%Bybit166.47+0.495%QFEX166.47+0.495%Bitget166.48+0.501%
Aster
Nado
tradeXYZ
Orderly
Extended
Polymarket Perps
Injective
Pacifica
Lighter
Aevo
Binance
BloFin
Deribit
Gate
Paradex
Bybit
QFEX
BitgetOKX166.50+0.513%
RISEx166.56+0.551%Arcus166.59+0.567%
RISEx
ArcusMSTR on 31 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| ApeX Omni MSTRUSDT | −0.379% | +0.0100% | 1h | $132K | $1.9M | 50x | as long as short |
| Phoenix MSTR | −0.319% | +0.0216% | 1h | $54K | $364K | 10x | as long as short |
| Ondo Perps MSTR-USD.P | −0.313% | +0.0050% | 1h | $895K | $4.5M | 10x | as long as short |
| Variational Omni MSTR | −0.282% | +0.0295% | 8h | $1.3M | $2.2M | — | as long as short |
| Coinbase International MSTR-PERP-INTX | −0.090% | +0.0112% | 1h | $1.5M | $1.2M | 10x | as long as short |
| Phemex MSTRUSDT | −0.066% | 0.0000% | 4h | $2.8M | $36K | 10x | as long as short |
| SoDEX MSTR-USD | −0.048% | +0.0050% | 1h | $44K | $3K | 10x | as long as short |
| Vest MSTR-USD-PERP | −0.036% | +0.0046% | 1h | — | $1.6M | 25x | as long as short |
| KuCoin MSTRUSDTMlong | 0.000% | +0.0143% | 8h | $2.6M | $2.6M | 20x | |
| edgeX MSTRUSDC | +0.001% | +0.0756% | 4h | $63K | $4.7M | 10x | as long as short |
Show all 31 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Aster MSTRUSDT | +0.004% | +0.0358% | 8h | $1.3M | $5.9M | 50x | as long as short |
| Nado MSTR-PERP | +0.006% | +0.0042% | 1h | $128K | $257K | 3x | as long as short |
| tradeXYZ xyz:MSTR | +0.006% | +0.0203% | 1h | $57.0M | $31.4M | 10x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.036% | +0.0100% | 8h | $3K | $12K | 10x | as long as short |
| Extended MSTR_24_5-USD | +0.036% | +0.0048% | 1h | $505K | $2.2M | 10x | as long as short |
| Polymarket Perps MSTR-USD | +0.042% | +0.0050% | 1h | $407K | $2.1M | 10x | as long as short |
| Injective MSTR/USDC PERP | +0.042% | +0.0033% | 1h | $12K | $97K | 30x | as long as short |
| Pacifica MSTR | +0.042% | +0.0100% | 1h | $102K | $153K | 10x | as long as short |
| Lighter MSTR | +0.048% | +0.0104% | 1h | $3.6M | $2.9M | 10x | as long as short |
| Aevo MSTR-PERP | +0.051% | +0.0104% | 1h | $138 | — | 10x | as long as short |
| Binance MSTRUSDT | +0.064% | +0.0354% | 8h | $88.5M | $538.9M | 50x | as long as short |
| BloFin MSTR-USDT | +0.066% | +0.0477% | 8h | $1.1M | $1.4M | 20x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.072% | +0.0592% | 1h | $283K | $461K | 10x | as long as short |
| Gate MSTR_USDT | +0.084% | 0.0000% | 8h | $4.9M | $18.9M | 50x | as long as short |
| Paradex MSTR-USD-PERP | +0.092% | +0.0117% | 8h | $67 | — | 5x | as long as short |
| Bybit MSTRUSDT | +0.114% | +0.0245% | 8h | $15.5M | $43.7M | 50x | as long as short |
| QFEX MSTR-USD | +0.114% | +0.0057% | 1h | $1.3M | $9.2M | 10x | as long as short |
| Bitget MSTRUSDT | +0.120% | +0.0354% | 8h | $28.9M | $110.7M | 25x | as long as short |
| OKX MSTR-USDT-SWAPshort | +0.132% | +0.0294% | 8h | $22.1M | $101.0M | 50x | |
| RISEx MSTR/USDC | +0.170% | +0.0486% | 1h | $304K | $463K | 10x | as long as short |
| Arcus MSTR-USD | +0.186% | +0.0705% | 1h | $26K | $126K | 10x | as long as short |