data as of
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Price arb /

MSTR

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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

After costs, if the gap returns to its 7d average, $10k−$33
spread now+0.127%7d average+0.022%fees + slippage, in and out−$44spread needed0.437%
Long on PacificaShort on Arcus
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPacifica MSTR167.140.0100pay 0.0013% / 1h47m 25s$102K$167K10x
ShortArcus MSTR-USD167.350.0705get 0.0088% / 1h47m 25s$26K$123K10x

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
$12.74
Funding while held
$18.16
Slippage, 4 orders
−$31.22
Fee Pacifica: 4 bp × 2 orders
−$8
Fee Arcus: 2.25 bp × 2 orders
−$4.5
Net
−$12.81
Spread needed to break even
0.437%
Slippage from Pacifica: live order book, 2 min ago; Arcus: live order book, 38 min ago.

Cost of waiting

funding view
Funding /8h
+0.0605%
Per $10,000 a day
+$18.16
Average in range /8h
—

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Pacifica live order book, 2 min ago2.06 bp6.1 bp −$6doesn't fitdoesn't fitdoesn't fit
Sell Arcus live order book, 38 min ago5.11 bp7.9 bp −$826.4 bp −$264doesn't fitdoesn't fit

MSTR price on every exchange

against the cheapest. Click to use as the short leg.
Coinbase International166.86cheapestInjective166.94+0.048%Extended166.95+0.055%Paradex167.05+0.115%Lighter167.09+0.138%QFEX167.11+0.150%
Pacifica167.14+0.166%
Gate167.16+0.180%KuCoin167.19+0.198%RISEx167.28+0.252%Polymarket Perps167.29+0.258%Binance167.30+0.265%Bybit167.31+0.270%Bitget167.31+0.270%Aster167.35+0.293%
Arcus167.35+0.294%
Phoenix167.38+0.313%Variational Omni167.40+0.326%tradeXYZ167.46+0.360%OKX167.46+0.360%SoDEX167.46+0.360%Phemex167.47+0.366%Nado167.48+0.370%Vest167.49+0.378%Deribit167.51+0.390%Orderly167.53+0.402%Aevo167.56+0.418%Ondo Perps167.60+0.443%ApeX Omni167.72+0.515%BloFin167.85+0.593%edgeX168.07+0.727%

MSTR on 31 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Coinbase International MSTR-PERP-INTX−0.166%+0.0112%1h$1.5M$1.2M10xas long as short
Injective MSTR/USDC PERP−0.118%+0.0033%1h$12K$97K30xas long as short
Extended MSTR_24_5-USD−0.111%+0.0064%1h$510K$2.3M10xas long as short
Paradex MSTR-USD-PERP−0.051%+0.0131%8h$67—5xas long as short
Lighter MSTR−0.028%+0.0176%1h$3.6M$2.9M10xas long as short
QFEX MSTR-USD−0.016%+0.0057%1h$1.3M$9.1M10xas long as short
Pacifica MSTRlong0.000%+0.0100%1h$102K$167K10x
Gate MSTR_USDT+0.014%0.0000%8h$5.0M$18.5M50xas long as short
KuCoin MSTRUSDTM+0.032%+0.0177%8h$2.6M$2.6M20xas long as short
RISEx MSTR/USDC+0.086%+0.0486%1h$245K$423K10xas long as short
Show all 31 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Polymarket Perps MSTR-USD+0.092%+0.0110%1h$410K$2.1M10xas long as short
Binance MSTRUSDT+0.099%+0.0387%8h$89.3M$528.5M50xas long as short
Bybit MSTRUSDT+0.104%+0.0231%8h$15.8M$42.9M50xas long as short
Bitget MSTRUSDT+0.104%+0.0378%8h$28.8M$109.7M25xas long as short
Aster MSTRUSDT+0.127%+0.0406%8h$1.3M$5.9M50xas long as short
Arcus MSTR-USDshort+0.127%+0.0705%1h$26K$123K10x
Phoenix MSTR+0.147%+0.0216%1h$54K$364K10xas long as short
Variational Omni MSTR+0.160%+0.0316%8h$1.3M$2.2M—as long as short
tradeXYZ xyz:MSTR+0.193%+0.0271%1h$57.2M$31.6M10xas long as short
OKX MSTR-USDT-SWAP+0.193%+0.0336%8h$22.2M$100.7M50xas long as short
SoDEX MSTR-USD+0.193%+0.0050%1h$44K$3K10xas long as short
Phemex MSTRUSDT+0.199%0.0000%4h$2.8M$35K10xas long as short
Nado MSTR-PERP+0.203%+0.0107%1h$129K$259K3xas long as short
Vest MSTR-USD-PERP+0.211%+0.0046%1h—$1.5M25xas long as short
Deribit MSTR_USDC-PERPETUAL+0.223%+0.0766%1h$285K$456K10xas long as short
Orderly PERP_MSTR_USDC_mythos+0.235%+0.0100%8h$3K$14K10xas long as short
Aevo MSTR-PERP+0.251%+0.0104%1h$139—10xas long as short
Ondo Perps MSTR-USD.P+0.277%+0.0050%1h$915K$4.6M10xas long as short
ApeX Omni MSTRUSDT+0.349%+0.0100%1h$133K$2.2M50xas long as short
BloFin MSTR-USDT+0.427%+0.0507%8h$1.1M$1.4M20xas long as short
edgeX MSTRUSDC+0.560%+0.0607%4h$62K$4.6M10xas long as short