After costs, if the gap returns to its 7d average, $10k−$98
spread now+0.255%7d average+0.049%fees + slippage, in and out−$118spread needed1.184%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter MSTR | 164.75 | 0.0096 | pay 0.0012% / 1h | 29m 50s | $3.5M | $2.5M | 10x |
| Short | ApeX Omni MSTRUSDT | 165.17 | 0.0100 | get 0.0013% / 1h | 29m 50s | $131K | $2.3M | 50x |
Lighter MSTR
ApeX Omni MSTRUSDTPrice 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
- $25.49
- Funding while held
- $0.12
- Slippage, 4 orders
- −$108.35
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$92.74
- Spread needed to break even
- 1.184%
Slippage from Lighter: live order book, 4 min ago; ApeX Omni: live order book, 1 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0004%
- Per $10,000 a day
- +$0.12
- 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 Lighter live order book, 4 min ago | 1.51 bp | 3.7 bp −$4 | 4.6 bp −$46 | 30.7 bp −$3,067 | doesn't fit |
| Sell ApeX Omni live order book, 1 min ago | 11.25 bp | 55.0 bp −$55 | doesn't fit | doesn't fit | doesn't fit |
MSTR price on every exchange
against the cheapest. Click to use as the short leg.Ondo Perps164.56cheapestCoinbase International164.64+0.049%Deribit164.66+0.061%Extended164.67+0.068%Variational Omni164.68+0.075%Vest164.69+0.079%Orderly164.72+0.097%Polymarket Perps164.74+0.109%
Ondo Perps
Coinbase International
Deribit
Extended
Variational Omni
Vest
Orderly
Polymarket PerpsLighter164.75+0.115%
Aster164.76+0.121%KuCoin164.76+0.122%Paradex164.78+0.131%QFEX164.78+0.134%SoDEX164.78+0.134%Nado164.78+0.134%tradeXYZ164.80+0.146%Bybit164.81+0.152%Binance164.82+0.157%Gate164.84+0.170%OKX164.85+0.176%Pacifica164.86+0.182%Aevo164.86+0.184%RISEx164.86+0.184%Bitget164.89+0.201%Phoenix164.93+0.225%BloFin164.94+0.231%Arcus164.99+0.261%Phemex165.04+0.292%
Aster
KuCoin
Paradex
QFEX
SoDEX
Nado
tradeXYZ
Bybit
Binance
Gate
OKX
Pacifica
Aevo
RISEx
Bitget
Phoenix
BloFin
Arcus
PhemexApeX Omni165.17+0.371%
edgeX165.38+0.501%Injective165.81+0.760%
InjectiveMSTR on 31 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Ondo Perps MSTR-USD.P | −0.115% | +0.0050% | 1h | $924K | $4.0M | 10x | as long as short |
| Coinbase International MSTR-PERP-INTX | −0.067% | +0.0176% | 1h | $1.5M | $1.1M | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | −0.055% | +0.0358% | 1h | $279K | $493K | 10x | as long as short |
| Extended MSTR_24_5-USD | −0.047% | +0.0032% | 1h | $492K | $2.1M | 10x | as long as short |
| Variational Omni MSTR | −0.041% | +0.0414% | 8h | $1.4M | $1.8M | — | as long as short |
| Vest MSTR-USD-PERP | −0.036% | +0.0046% | 1h | — | $951K | 25x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | −0.018% | +0.0100% | 8h | $4K | $10K | 10x | as long as short |
| Polymarket Perps MSTR-USD | −0.006% | +0.0050% | 1h | $410K | $1.3M | 10x | as long as short |
| Lighter MSTRlong | 0.000% | +0.0096% | 1h | $3.5M | $2.5M | 10x | |
| Aster MSTRUSDT | +0.006% | +0.0547% | 8h | $1.9M | $3.5M | 50x | as long as short |
Show all 31 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| KuCoin MSTRUSDTM | +0.006% | +0.0140% | 8h | $2.5M | $1.4M | 20x | as long as short |
| Paradex MSTR-USD-PERP | +0.016% | +0.0146% | 8h | $66 | — | 5x | as long as short |
| QFEX MSTR-USD | +0.018% | +0.0070% | 1h | $1.3M | $8.6M | 10x | as long as short |
| SoDEX MSTR-USD | +0.018% | +0.0050% | 1h | $43K | $3K | 10x | as long as short |
| Nado MSTR-PERP | +0.018% | +0.0246% | 1h | $153K | $254K | 3x | as long as short |
| tradeXYZ xyz:MSTR | +0.030% | +0.0417% | 1h | $58.4M | $21.2M | 10x | as long as short |
| Bybit MSTRUSDT | +0.036% | +0.0210% | 8h | $15.8M | $33.5M | 50x | as long as short |
| Binance MSTRUSDT | +0.042% | +0.0510% | 8h | $86.0M | $366.9M | 50x | as long as short |
| Gate MSTR_USDT | +0.055% | 0.0000% | 8h | $5.0M | $16.9M | 50x | as long as short |
| OKX MSTR-USDT-SWAP | +0.061% | +0.0448% | 8h | $21.5M | $74.8M | 50x | as long as short |
| Pacifica MSTR | +0.066% | +0.0100% | 1h | $101K | $177K | 10x | as long as short |
| Aevo MSTR-PERP | +0.068% | +0.0104% | 1h | $137 | — | 10x | as long as short |
| RISEx MSTR/USDC | +0.068% | +0.0870% | 1h | $183K | $257K | 10x | as long as short |
| Bitget MSTRUSDT | +0.085% | +0.0493% | 8h | $31.8M | $86.6M | 25x | as long as short |
| Phoenix MSTR | +0.109% | +0.0342% | 1h | $55K | $230K | 10x | as long as short |
| BloFin MSTR-USDT | +0.115% | +0.0661% | 8h | $1.1M | $1.2M | 20x | as long as short |
| Arcus MSTR-USD | +0.146% | +0.0549% | 1h | $30K | $109K | 10x | as long as short |
| Phemex MSTRUSDT | +0.176% | 0.0000% | 4h | $2.8M | $26K | 10x | as long as short |
| ApeX Omni MSTRUSDTshort | +0.255% | +0.0100% | 1h | $131K | $2.3M | 50x | |
| edgeX MSTRUSDC | +0.385% | +0.0574% | 4h | $32K | $3.1M | 10x | as long as short |
| Injective MSTR/USDC PERP | +0.643% | +0.0440% | 1h | $13K | $130K | 30x | as long as short |