After costs, if the gap returns to its 7d average, $10k−$112
spread now+0.066%7d average+0.003%fees + slippage, in and out−$119spread needed1.186%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX MSTR-USDT-SWAP | 166.66 | 0.0314 | pay 0.0314% / 8h | 32m 33s | $22.2M | $100.7M | 50x |
| Short | ApeX Omni MSTRUSDT | 166.77 | 0.0100 | get 0.0013% / 1h | 32m 33s | $133K | $2.0M | 50x |
OKX MSTR-USDT-SWAP
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
- $6.6
- Funding while held
- −$6.43
- Slippage, 4 orders
- −$98.65
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$118.48
- Spread needed to break even
- 1.186%
Slippage from OKX: live order book, 3 min ago; ApeX Omni: live order book, 3 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0214%
- Per $10,000 a day
- −$6.43
- 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 OKX live order book, 3 min ago | 0.30 bp | 6.6 bp −$7 | 12.1 bp −$121 | 36.8 bp −$3,683 | doesn't fit |
| Sell ApeX Omni live order book, 3 min ago | 2.70 bp | 51.2 bp −$51 | doesn't fit | doesn't fit | doesn't fit |
MSTR price on every exchange
against the cheapest. Click to use as the short leg.Injective166.35cheapestPacifica166.56+0.125%tradeXYZ166.56+0.126%Extended166.56+0.129%Lighter166.57+0.132%Variational Omni166.58+0.138%KuCoin166.62+0.162%Phemex166.62+0.162%Binance166.62+0.164%Bitget166.63+0.168%Paradex166.64+0.171%
Injective
Pacifica
tradeXYZ
Extended
Lighter
Variational Omni
KuCoin
Phemex
Binance
Bitget
ParadexOKX166.66+0.186%
QFEX166.67+0.192%Gate166.67+0.192%Ondo Perps166.68+0.198%Coinbase International166.68+0.198%Aster166.69+0.207%RISEx166.70+0.210%Arcus166.71+0.216%Bybit166.72+0.222%
QFEX
Gate
Ondo Perps
Coinbase International
Aster
RISEx
Arcus
BybitApeX Omni166.77+0.252%
Vest166.77+0.252%Polymarket Perps166.79+0.265%BloFin166.79+0.265%Phoenix166.80+0.272%SoDEX166.82+0.283%Orderly166.86+0.307%Nado166.86+0.308%edgeX166.88+0.316%Deribit166.92+0.343%Aevo166.93+0.349%
Vest
Polymarket Perps
BloFin
Phoenix
SoDEX
Orderly
Nado
Deribit
AevoMSTR on 31 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective MSTR/USDC PERP | −0.186% | +0.0033% | 1h | $12K | $97K | 30x | as long as short |
| Pacifica MSTR | −0.062% | +0.0100% | 1h | $102K | $164K | 10x | as long as short |
| tradeXYZ xyz:MSTR | −0.060% | +0.0228% | 1h | $57.1M | $31.6M | 10x | as long as short |
| Extended MSTR_24_5-USD | −0.057% | +0.0096% | 1h | $508K | $2.2M | 10x | as long as short |
| Lighter MSTR | −0.054% | +0.0152% | 1h | $3.6M | $2.9M | 10x | as long as short |
| Variational Omni MSTR | −0.048% | +0.0312% | 8h | $1.3M | $2.2M | — | as long as short |
| KuCoin MSTRUSDTM | −0.024% | +0.0161% | 8h | $2.6M | $2.6M | 20x | as long as short |
| Phemex MSTRUSDT | −0.024% | 0.0000% | 4h | $2.8M | $36K | 10x | as long as short |
| Binance MSTRUSDT | −0.023% | +0.0371% | 8h | $89.0M | $533.5M | 50x | as long as short |
| Bitget MSTRUSDT | −0.018% | +0.0367% | 8h | $29.1M | $110.3M | 25x | as long as short |
Show all 31 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Paradex MSTR-USD-PERP | −0.015% | +0.0127% | 8h | $67 | — | 5x | as long as short |
| OKX MSTR-USDT-SWAPlong | 0.000% | +0.0314% | 8h | $22.2M | $100.7M | 50x | |
| QFEX MSTR-USD | +0.006% | +0.0057% | 1h | $1.3M | $9.2M | 10x | as long as short |
| Gate MSTR_USDT | +0.006% | 0.0000% | 8h | $4.9M | $18.7M | 50x | as long as short |
| Ondo Perps MSTR-USD.P | +0.012% | +0.0050% | 1h | $912K | $4.6M | 10x | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.012% | +0.0112% | 1h | $1.5M | $1.2M | 10x | as long as short |
| Aster MSTRUSDT | +0.021% | +0.0382% | 8h | $1.3M | $5.9M | 50x | as long as short |
| RISEx MSTR/USDC | +0.024% | +0.0486% | 1h | $304K | $460K | 10x | as long as short |
| Arcus MSTR-USD | +0.030% | +0.0705% | 1h | $26K | $126K | 10x | as long as short |
| Bybit MSTRUSDT | +0.036% | +0.0244% | 8h | $15.6M | $43.5M | 50x | as long as short |
| ApeX Omni MSTRUSDTshort | +0.066% | +0.0100% | 1h | $133K | $2.0M | 50x | |
| Vest MSTR-USD-PERP | +0.066% | +0.0046% | 1h | — | $1.6M | 25x | as long as short |
| Polymarket Perps MSTR-USD | +0.078% | +0.0058% | 1h | $409K | $2.1M | 10x | as long as short |
| BloFin MSTR-USDT | +0.078% | +0.0492% | 8h | $1.1M | $1.4M | 20x | as long as short |
| Phoenix MSTR | +0.086% | +0.0216% | 1h | $56K | $364K | 10x | as long as short |
| SoDEX MSTR-USD | +0.096% | +0.0050% | 1h | $44K | $3K | 10x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.120% | +0.0100% | 8h | $3K | $13K | 10x | as long as short |
| Nado MSTR-PERP | +0.122% | +0.0060% | 1h | $128K | $260K | 3x | as long as short |
| edgeX MSTRUSDC | +0.130% | +0.0496% | 4h | $63K | $4.6M | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.156% | +0.0529% | 1h | $284K | $456K | 10x | as long as short |
| Aevo MSTR-PERP | +0.163% | +0.0104% | 1h | $139 | — | 10x | as long as short |