After costs, if the gap returns to its 7d average, $10k−$75
spread now−0.073%7d average−0.038%fees + slippage, in and out−$72spread needed0.720%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin MSTRUSDTM | 165.19 | 0.0160 | pay 0.0160% / 8h | 1h 19m | $3.2M | $2.1M | 20x |
| Short | tradeXYZ xyz:MSTR | 165.07 | 0.0221 | get 0.0028% / 1h | 19m 04s | $56.3M | $30.1M | 10x |
KuCoin MSTRUSDTM
tradeXYZ xyz: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
- −$7.26
- Funding while held
- $1.84
- Slippage, 4 orders
- −$41.97
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$77.39
- Spread needed to break even
- 0.720%
Slippage from KuCoin: live order book, 5 min ago; tradeXYZ: live order book, 11 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0061%
- Per $10,000 a day
- +$1.84
- 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, 5 min ago | 2.40 bp | 23.3 bp −$23 | doesn't fit | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 11 min ago | 0.90 bp | 10.5 bp −$10 | 12.4 bp −$124 | doesn't fit | doesn't fit |
MSTR price on every exchange
against the cheapest. Click to use as the short leg.Bitget164.99cheapestExtended165.03+0.027%Phemex165.05+0.036%
Bitget
Extended
PhemextradeXYZ165.07+0.048%
SoDEX165.08+0.055%Lighter165.09+0.061%Gate165.09+0.061%Deribit165.10+0.067%Aevo165.12+0.081%Aster165.18+0.114%BloFin165.18+0.115%Bybit165.19+0.121%
SoDEX
Lighter
Gate
Deribit
Aevo
Aster
BloFin
BybitKuCoin165.19+0.121%
Binance165.20+0.125%Orderly165.20+0.127%Nado165.27+0.171%OKX165.30+0.188%Polymarket Perps165.34+0.212%Ondo Perps165.47+0.291%Vest165.50+0.309%RISEx165.56+0.345%Arcus165.59+0.364%QFEX165.59+0.364%Pacifica165.68+0.419%Paradex165.69+0.425%Injective165.73+0.449%Coinbase International165.74+0.455%ApeX Omni166.33+0.812%Phoenix166.57+0.956%edgeX166.58+0.963%Variational Omni166.61+0.980%
Binance
Orderly
Nado
OKX
Polymarket Perps
Ondo Perps
Vest
RISEx
Arcus
QFEX
Pacifica
Paradex
Injective
Coinbase International
ApeX Omni
Phoenix
Variational OmniMSTR on 31 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Bitget MSTRUSDT | −0.121% | +0.0394% | 8h | $28.5M | $106.8M | 25x | as long as short |
| Extended MSTR_24_5-USD | −0.094% | +0.0032% | 1h | $501K | $2.3M | 10x | as long as short |
| Phemex MSTRUSDT | −0.085% | 0.0000% | 4h | $2.8M | $30K | 10x | as long as short |
| tradeXYZ xyz:MSTRshort | −0.073% | +0.0221% | 1h | $56.3M | $30.1M | 10x | |
| SoDEX MSTR-USD | −0.067% | +0.0050% | 1h | $43K | $3K | 10x | as long as short |
| Lighter MSTR | −0.061% | +0.0192% | 1h | $3.6M | $2.9M | 10x | as long as short |
| Gate MSTR_USDT | −0.061% | 0.0000% | 8h | $4.9M | $18.7M | 50x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | −0.054% | +0.0477% | 1h | $281K | $450K | 10x | as long as short |
| Aevo MSTR-PERP | −0.040% | +0.0104% | 1h | $137 | — | 10x | as long as short |
| Aster MSTRUSDT | −0.008% | +0.0434% | 8h | $1.6M | $5.2M | 50x | as long as short |
Show all 31 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| BloFin MSTR-USDT | −0.006% | +0.0533% | 8h | $1.1M | $1.4M | 20x | as long as short |
| Bybit MSTRUSDT | 0.000% | +0.0197% | 8h | $15.7M | $41.9M | 50x | as long as short |
| KuCoin MSTRUSDTMlong | 0.000% | +0.0160% | 8h | $3.2M | $2.1M | 20x | |
| Binance MSTRUSDT | +0.004% | +0.0410% | 8h | $89.0M | $486.0M | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.006% | +0.0100% | 8h | $3K | $14K | 10x | as long as short |
| Nado MSTR-PERP | +0.050% | +0.0109% | 1h | $154K | $245K | 3x | as long as short |
| OKX MSTR-USDT-SWAP | +0.067% | +0.0355% | 8h | $21.8M | $97.1M | 50x | as long as short |
| Polymarket Perps MSTR-USD | +0.091% | +0.0050% | 1h | $416K | $1.8M | 10x | as long as short |
| Ondo Perps MSTR-USD.P | +0.170% | +0.0050% | 1h | $869K | $4.3M | 10x | as long as short |
| Vest MSTR-USD-PERP | +0.188% | +0.0046% | 1h | — | $1.3M | 25x | as long as short |
| RISEx MSTR/USDC | +0.224% | +0.0566% | 1h | $195K | $392K | 10x | as long as short |
| Arcus MSTR-USD | +0.242% | +0.0991% | 1h | $26K | $121K | 10x | as long as short |
| QFEX MSTR-USD | +0.242% | +0.0057% | 1h | $1.3M | $9.0M | 10x | as long as short |
| Pacifica MSTR | +0.297% | +0.0100% | 1h | $101K | $176K | 10x | as long as short |
| Paradex MSTR-USD-PERP | +0.304% | +0.0119% | 8h | $66 | — | 5x | as long as short |
| Injective MSTR/USDC PERP | +0.327% | −0.0440% | 1h | $12K | $123K | 30x | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.333% | +0.0160% | 1h | $1.5M | $1.2M | 10x | as long as short |
| ApeX Omni MSTRUSDT | +0.690% | +0.0100% | 1h | $132K | $2.4M | 50x | as long as short |
| Phoenix MSTR | +0.834% | +0.0320% | 1h | $55K | $334K | 10x | as long as short |
| edgeX MSTRUSDC | +0.840% | +0.0599% | 4h | $63K | $4.2M | 10x | as long as short |
| Variational Omni MSTR | +0.858% | +0.0332% | 8h | $1.3M | $2.1M | — | as long as short |