After costs, if the gap returns to its 7d average, $10k−$49
spread now+0.072%7d average+0.086%fees + slippage, in and out−$47spread needed0.472%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter MSTR | 166.36 | 0.0088 | pay 0.0011% / 1h | 50m 45s | $3.6M | $2.8M | 10x |
| Short | Gate MSTR_USDT | 166.48 | 0 | get 0.0000% / 8h | 7h 50m | $4.8M | $18.6M | 50x |
Lighter MSTR
Gate MSTR_USDTPrice 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
- $7.21
- Funding while held
- −$2.64
- Slippage, 4 orders
- −$32.15
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$42.58
- Spread needed to break even
- 0.472%
Slippage from Lighter: live order book, 3 min ago; Gate: live order book, 4 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0088%
- Per $10,000 a day
- −$2.64
- 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, 3 min ago | 1.50 bp | 5.3 bp −$5 | 6.5 bp −$65 | 33.5 bp −$3,346 | doesn't fit |
| Sell Gate live order book, 4 min ago | 3.00 bp | 22.4 bp −$22 | 27.2 bp −$272 | doesn't fit | doesn't fit |
MSTR price on every exchange
against the cheapest. Click to use as the short leg.ApeX Omni166.20cheapestVest166.25+0.030%Polymarket Perps166.30+0.060%Nado166.31+0.064%Extended166.31+0.066%Coinbase International166.32+0.072%Aster166.34+0.084%KuCoin166.35+0.090%Orderly166.35+0.090%
ApeX Omni
Vest
Polymarket Perps
Nado
Extended
Coinbase International
Aster
KuCoin
OrderlyLighter166.36+0.096%
Ondo Perps166.36+0.096%tradeXYZ166.37+0.102%Deribit166.37+0.102%Phemex166.39+0.114%Aevo166.39+0.116%OKX166.40+0.120%Bybit166.41+0.126%BloFin166.44+0.144%Pacifica166.44+0.145%QFEX166.45+0.150%Paradex166.45+0.152%RISEx166.46+0.155%edgeX166.46+0.155%
Ondo Perps
tradeXYZ
Deribit
Phemex
Aevo
OKX
Bybit
BloFin
Pacifica
QFEX
Paradex
RISExGate166.48+0.168%
Phoenix166.49+0.171%Binance166.49+0.175%Bitget166.50+0.181%Variational Omni166.51+0.186%Arcus166.52+0.193%Injective166.56+0.217%SoDEX166.62+0.253%
Phoenix
Binance
Bitget
Variational Omni
Arcus
Injective
SoDEXMSTR on 31 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| ApeX Omni MSTRUSDT | −0.096% | +0.0100% | 1h | $130K | $1.9M | 50x | as long as short |
| Vest MSTR-USD-PERP | −0.066% | +0.0046% | 1h | — | $1.7M | 25x | as long as short |
| Polymarket Perps MSTR-USD | −0.036% | +0.0050% | 1h | $411K | $2.3M | 10x | as long as short |
| Nado MSTR-PERP | −0.032% | +0.0156% | 1h | $125K | $257K | 3x | as long as short |
| Extended MSTR_24_5-USD | −0.030% | +0.0032% | 1h | $499K | $2.2M | 10x | as long as short |
| Coinbase International MSTR-PERP-INTX | −0.024% | +0.0112% | 1h | $1.5M | $1.2M | 10x | as long as short |
| Aster MSTRUSDT | −0.012% | +0.0305% | 8h | $1.3M | $6.0M | 50x | as long as short |
| KuCoin MSTRUSDTM | −0.006% | +0.0100% | 8h | $2.6M | $2.6M | 20x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | −0.006% | +0.0100% | 8h | $3K | $12K | 10x | as long as short |
| Lighter MSTRlong | 0.000% | +0.0088% | 1h | $3.6M | $2.8M | 10x |
Show all 31 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Ondo Perps MSTR-USD.P | 0.000% | +0.0050% | 1h | $894K | $4.5M | 10x | as long as short |
| tradeXYZ xyz:MSTR | +0.006% | +0.0192% | 1h | $56.9M | $31.3M | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.006% | +0.0833% | 1h | $283K | $453K | 10x | as long as short |
| Phemex MSTRUSDT | +0.018% | 0.0000% | 4h | $2.8M | $38K | 10x | as long as short |
| Aevo MSTR-PERP | +0.020% | +0.0104% | 1h | $138 | — | 10x | as long as short |
| OKX MSTR-USDT-SWAP | +0.024% | +0.0269% | 8h | $22.3M | $101.4M | 50x | as long as short |
| Bybit MSTRUSDT | +0.030% | +0.0278% | 8h | $15.5M | $43.4M | 50x | as long as short |
| BloFin MSTR-USDT | +0.048% | +0.0430% | 8h | $1.1M | $1.4M | 20x | as long as short |
| Pacifica MSTR | +0.049% | +0.0100% | 1h | $102K | $153K | 10x | as long as short |
| QFEX MSTR-USD | +0.054% | +0.0041% | 1h | $1.3M | $9.2M | 10x | as long as short |
| Paradex MSTR-USD-PERP | +0.056% | +0.0108% | 8h | $67 | — | 5x | as long as short |
| RISEx MSTR/USDC | +0.058% | +0.0277% | 1h | $293K | $477K | 10x | as long as short |
| edgeX MSTRUSDC | +0.059% | +0.0545% | 4h | $45K | $4.9M | 10x | as long as short |
| Gate MSTR_USDTshort | +0.072% | 0.0000% | 8h | $4.8M | $18.6M | 50x | |
| Phoenix MSTR | +0.075% | +0.0226% | 1h | $54K | $380K | 10x | as long as short |
| Binance MSTRUSDT | +0.079% | +0.0310% | 8h | $90.0M | $555.8M | 50x | as long as short |
| Bitget MSTRUSDT | +0.084% | +0.0320% | 8h | $29.0M | $111.1M | 25x | as long as short |
| Variational Omni MSTR | +0.090% | +0.0241% | 8h | $1.3M | $2.2M | — | as long as short |
| Arcus MSTR-USD | +0.096% | +0.0612% | 1h | $26K | $126K | 10x | as long as short |
| Injective MSTR/USDC PERP | +0.120% | +0.0312% | 1h | $12K | $93K | 30x | as long as short |
| SoDEX MSTR-USD | +0.156% | +0.0050% | 1h | $44K | $3K | 10x | as long as short |