After costs, if the gap returns to its 7d average, $10k−$55
spread now0.000%7d average+0.040%fees + slippage, in and out−$51spread needed0.509%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter MSTR | 165.68 | 0.0032 | pay 0.0004% / 1h | 25m 39s | $3.5M | $2.6M | 10x |
| Short | KuCoin MSTRUSDTM | 165.68 | 0.0100 | get 0.0100% / 8h | 6h 25m | $2.5M | $2.6M | 20x |
Lighter MSTR
KuCoin MSTRUSDTMPrice 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
- $0
- Funding while held
- $2.04
- Slippage, 4 orders
- −$38.85
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$48.81
- Spread needed to break even
- 0.509%
Slippage from Lighter: live order book, 8 min ago; KuCoin: live order book, 8 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0068%
- Per $10,000 a day
- +$2.04
- 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, 8 min ago | 1.50 bp | 3.0 bp −$3 | 6.5 bp −$65 | 33.0 bp −$3,303 | doesn't fit |
| Sell KuCoin live order book, 8 min ago | 2.10 bp | 19.8 bp −$20 | doesn't fit | doesn't fit | doesn't fit |
MSTR price on every exchange
against the cheapest. Click to use as the short leg.ApeX Omni165.41cheapestCoinbase International165.53+0.073%Extended165.59+0.109%Binance165.66+0.149%tradeXYZ165.66+0.151%Ondo Perps165.67+0.157%RISEx165.68+0.163%
ApeX Omni
Coinbase International
Extended
Binance
tradeXYZ
Ondo Perps
RISExLighter165.68+0.163%
KuCoin165.68+0.163%
edgeX165.69+0.168%Pacifica165.70+0.175%Paradex165.70+0.178%Vest165.71+0.181%Nado165.73+0.195%Aster165.73+0.196%Gate165.74+0.200%Bitget165.74+0.200%QFEX165.75+0.206%Orderly165.75+0.206%Aevo165.75+0.206%BloFin165.76+0.212%OKX165.77+0.218%SoDEX165.77+0.218%Bybit165.79+0.230%Phemex165.79+0.230%Polymarket Perps165.80+0.236%Deribit165.83+0.254%Arcus165.88+0.284%Injective166.20+0.478%Phoenix166.35+0.566%Variational Omni166.45+0.631%
Pacifica
Paradex
Vest
Nado
Aster
Gate
Bitget
QFEX
Orderly
Aevo
BloFin
OKX
SoDEX
Bybit
Phemex
Polymarket Perps
Deribit
Arcus
Injective
Phoenix
Variational OmniMSTR on 31 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| ApeX Omni MSTRUSDT | −0.163% | +0.0100% | 1h | $4K | $1.4M | 50x | as long as short |
| Coinbase International MSTR-PERP-INTX | −0.091% | +0.0112% | 1h | $1.5M | $1.1M | 10x | as long as short |
| Extended MSTR_24_5-USD | −0.054% | +0.0032% | 1h | $491K | $2.0M | 10x | as long as short |
| Binance MSTRUSDT | −0.014% | +0.0190% | 8h | $88.0M | $586.3M | 50x | as long as short |
| tradeXYZ xyz:MSTR | −0.012% | +0.0052% | 1h | $56.2M | $32.5M | 10x | as long as short |
| Ondo Perps MSTR-USD.P | −0.006% | +0.0050% | 1h | $755K | $4.7M | 10x | as long as short |
| RISEx MSTR/USDC | 0.000% | +0.0017% | 1h | $285K | $465K | 10x | as long as short |
| Lighter MSTRlong | 0.000% | +0.0032% | 1h | $3.5M | $2.6M | 10x | |
| KuCoin MSTRUSDTMshort | 0.000% | +0.0100% | 8h | $2.5M | $2.6M | 20x | |
| edgeX MSTRUSDC | +0.005% | +0.0075% | 4h | $45K | $5.1M | 10x | as long as short |