After costs, if the gap returns to its 7d average, $10k−$54
spread now+0.018%7d average−0.047%fees + slippage, in and out−$61spread needed0.609%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin MSTRUSDTM | 166.37 | 0.0155 | pay 0.0155% / 8h | 29m 07s | $2.6M | $2.6M | 20x |
| Short | Polymarket Perps MSTR-USD | 166.40 | 0.0050 | get 0.0006% / 1h | 29m 07s | $408K | $2.1M | 10x |
KuCoin MSTRUSDTM
Polymarket Perps MSTR-USDPrice 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
- $1.8
- Funding while held
- −$3.15
- Slippage, 4 orders
- −$40.93
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$62.27
- Spread needed to break even
- 0.609%
Slippage from KuCoin: live order book, 4 min ago; Polymarket Perps: live order book, 1 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0105%
- Per $10,000 a day
- −$3.15
- 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 | 1.50 bp | 24.1 bp −$24 | doesn't fit | doesn't fit | doesn't fit |
| Sell Polymarket Perps live order book, 1 min ago | 3.01 bp | 7.3 bp −$7 | 8.2 bp −$82 | 10.8 bp −$1,082 | doesn't fit |
MSTR price on every exchange
against the cheapest. Click to use as the short leg.Phemex166.01cheapestParadex166.02+0.004%Pacifica166.07+0.034%Coinbase International166.13+0.072%QFEX166.15+0.084%Ondo Perps166.20+0.114%Vest166.29+0.169%RISEx166.29+0.169%Nado166.30+0.176%Aster166.32+0.188%Extended166.34+0.198%Arcus166.35+0.205%Injective166.35+0.205%Phoenix166.36+0.211%
Phemex
Paradex
Pacifica
Coinbase International
QFEX
Ondo Perps
Vest
RISEx
Nado
Aster
Extended
Arcus
Injective
PhoenixKuCoin166.37+0.217%
SoDEX166.38+0.223%Lighter166.39+0.229%Binance166.39+0.229%
SoDEX
Lighter
BinancePolymarket Perps166.40+0.235%
ApeX Omni166.43+0.253%Orderly166.44+0.259%BloFin166.44+0.259%tradeXYZ166.45+0.265%Aevo166.48+0.286%Variational Omni166.49+0.289%Gate166.50+0.295%Deribit166.50+0.295%Bybit166.51+0.301%OKX166.51+0.301%Bitget166.54+0.319%edgeX166.57+0.335%
ApeX Omni
Orderly
BloFin
tradeXYZ
Aevo
Variational Omni
Gate
Deribit
Bybit
OKX
BitgetMSTR on 31 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Phemex MSTRUSDT | −0.216% | 0.0000% | 4h | $2.8M | $36K | 10x | as long as short |
| Paradex MSTR-USD-PERP | −0.212% | +0.0122% | 8h | $66 | — | 5x | as long as short |
| Pacifica MSTR | −0.182% | +0.0100% | 1h | $102K | $153K | 10x | as long as short |
| Coinbase International MSTR-PERP-INTX | −0.144% | +0.0112% | 1h | $1.5M | $1.2M | 10x | as long as short |
| QFEX MSTR-USD | −0.132% | +0.0057% | 1h | $1.3M | $9.2M | 10x | as long as short |
| Ondo Perps MSTR-USD.P | −0.102% | +0.0050% | 1h | $909K | $4.5M | 10x | as long as short |
| Vest MSTR-USD-PERP | −0.048% | +0.0046% | 1h | — | $1.6M | 25x | as long as short |
| RISEx MSTR/USDC | −0.048% | +0.0486% | 1h | $304K | $462K | 10x | as long as short |
| Nado MSTR-PERP | −0.041% | +0.0053% | 1h | $128K | $257K | 3x | as long as short |
| Aster MSTRUSDT | −0.029% | +0.0370% | 8h | $1.3M | $5.9M | 50x | as long as short |
Show all 31 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Extended MSTR_24_5-USD | −0.019% | +0.0064% | 1h | $506K | $2.2M | 10x | as long as short |
| Arcus MSTR-USD | −0.012% | +0.0705% | 1h | $26K | $126K | 10x | as long as short |
| Injective MSTR/USDC PERP | −0.012% | +0.0033% | 1h | $12K | $97K | 30x | as long as short |
| Phoenix MSTR | −0.005% | +0.0216% | 1h | $55K | $364K | 10x | as long as short |
| KuCoin MSTRUSDTMlong | 0.000% | +0.0155% | 8h | $2.6M | $2.6M | 20x | |
| SoDEX MSTR-USD | +0.006% | +0.0050% | 1h | $44K | $3K | 10x | as long as short |
| Lighter MSTR | +0.012% | +0.0128% | 1h | $3.6M | $2.9M | 10x | as long as short |
| Binance MSTRUSDT | +0.012% | +0.0363% | 8h | $88.5M | $535.0M | 50x | as long as short |
| Polymarket Perps MSTR-USDshort | +0.018% | +0.0050% | 1h | $408K | $2.1M | 10x | |
| ApeX Omni MSTRUSDT | +0.036% | +0.0100% | 1h | $132K | $2.0M | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.042% | +0.0100% | 8h | $3K | $12K | 10x | as long as short |
| BloFin MSTR-USDT | +0.042% | +0.0483% | 8h | $1.1M | $1.4M | 20x | as long as short |
| tradeXYZ xyz:MSTR | +0.048% | +0.0217% | 1h | $57.1M | $31.6M | 10x | as long as short |
| Aevo MSTR-PERP | +0.069% | +0.0104% | 1h | $138 | — | 10x | as long as short |
| Variational Omni MSTR | +0.072% | +0.0305% | 8h | $1.3M | $2.2M | — | as long as short |
| Gate MSTR_USDT | +0.078% | 0.0000% | 8h | $4.9M | $18.8M | 50x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.078% | +0.0652% | 1h | $283K | $460K | 10x | as long as short |
| Bybit MSTRUSDT | +0.084% | +0.0243% | 8h | $15.5M | $43.6M | 50x | as long as short |
| OKX MSTR-USDT-SWAP | +0.084% | +0.0306% | 8h | $22.2M | $100.9M | 50x | as long as short |
| Bitget MSTRUSDT | +0.102% | +0.0362% | 8h | $29.1M | $110.4M | 25x | as long as short |
| edgeX MSTRUSDC | +0.118% | +0.0592% | 4h | $63K | $4.7M | 10x | as long as short |