After costs, if the gap returns to its 7d average, $10k−$69
spread now−0.297%7d average−0.052%fees + slippage, in and out−$44spread needed0.443%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Pacifica MSTR | 166.46 | 0.0100 | pay 0.0013% / 1h | 14m 22s | $102K | $152K | 10x |
| Short | Coinbase International MSTR-PERP-INTX | 165.97 | 0.0112 | get 0.0014% / 1h | 14m 22s | $1.5M | $1.1M | 10x |
Pacifica MSTR
Coinbase International MSTR-PERP-INTXPrice 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
- −$29.68
- Funding while held
- $0.36
- Slippage, 4 orders
- −$26.34
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$73.65
- Spread needed to break even
- 0.443%
Slippage from Pacifica: live order book, 30 min ago; Coinbase International: live order book, 1 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0012%
- Per $10,000 a day
- +$0.36
- 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 Pacifica live order book, 30 min ago | 1.92 bp | 6.3 bp −$6 | doesn't fit | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 1 min ago | 4.80 bp | 9.8 bp −$10 | 12.9 bp −$129 | doesn't fit | doesn't fit |
MSTR price on every exchange
against the cheapest. Click to use as the short leg.Injective165.38cheapestedgeX165.48+0.060%
InjectiveCoinbase International165.97+0.357%
Ondo Perps166.06+0.411%ApeX Omni166.11+0.441%BloFin166.24+0.520%Variational Omni166.26+0.535%Phoenix166.30+0.559%Lighter166.43+0.635%Phemex166.43+0.635%Nado166.45+0.648%
Ondo Perps
ApeX Omni
BloFin
Variational Omni
Phoenix
Lighter
Phemex
NadoPacifica166.46+0.655%
Extended166.47+0.659%KuCoin166.48+0.665%QFEX166.49+0.671%SoDEX166.49+0.671%RISEx166.52+0.689%tradeXYZ166.53+0.695%Gate166.53+0.695%Paradex166.55+0.705%Bitget166.55+0.707%Vest166.55+0.707%OKX166.56+0.714%Arcus166.56+0.714%Polymarket Perps166.56+0.714%Binance166.57+0.719%Aster166.57+0.720%Aevo166.58+0.728%Bybit166.60+0.738%Orderly166.60+0.738%Deribit166.61+0.744%
Extended
KuCoin
QFEX
SoDEX
RISEx
tradeXYZ
Gate
Paradex
Bitget
Vest
OKX
Arcus
Polymarket Perps
Binance
Aster
Aevo
Bybit
Orderly
DeribitMSTR on 31 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective MSTR/USDC PERP | −0.651% | +0.0312% | 1h | $12K | $93K | 30x | as long as short |
| edgeX MSTRUSDC | −0.591% | +0.0717% | 4h | $43K | $4.9M | 10x | as long as short |
| Coinbase International MSTR-PERP-INTXshort | −0.297% | +0.0112% | 1h | $1.5M | $1.1M | 10x | |
| Ondo Perps MSTR-USD.P | −0.243% | +0.0050% | 1h | $884K | $4.4M | 10x | as long as short |
| ApeX Omni MSTRUSDT | −0.213% | +0.0100% | 1h | $130K | $1.8M | 50x | as long as short |
| BloFin MSTR-USDT | −0.135% | +0.0397% | 8h | $1.1M | $1.4M | 20x | as long as short |
| Variational Omni MSTR | −0.120% | +0.0222% | 8h | $1.3M | $2.3M | — | as long as short |
| Phoenix MSTR | −0.096% | +0.0226% | 1h | $56K | $380K | 10x | as long as short |
| Lighter MSTR | −0.020% | +0.0032% | 1h | $3.6M | $2.8M | 10x | as long as short |
| Phemex MSTRUSDT | −0.020% | 0.0000% | 4h | $2.8M | $40K | 10x | as long as short |
Show all 31 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Nado MSTR-PERP | −0.008% | +0.0111% | 1h | $125K | $253K | 3x | as long as short |
| Pacifica MSTRlong | 0.000% | +0.0100% | 1h | $102K | $152K | 10x | |
| Extended MSTR_24_5-USD | +0.003% | +0.0032% | 1h | $494K | $2.1M | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.010% | +0.0100% | 8h | $2.6M | $2.6M | 20x | as long as short |
| QFEX MSTR-USD | +0.016% | +0.0041% | 1h | $1.3M | $9.4M | 10x | as long as short |
| SoDEX MSTR-USD | +0.016% | +0.0050% | 1h | $44K | $3K | 10x | as long as short |
| RISEx MSTR/USDC | +0.034% | +0.0277% | 1h | $298K | $465K | 10x | as long as short |
| tradeXYZ xyz:MSTR | +0.040% | +0.0148% | 1h | $56.8M | $31.8M | 10x | as long as short |
| Gate MSTR_USDT | +0.040% | 0.0000% | 8h | $4.9M | $19.0M | 50x | as long as short |
| Paradex MSTR-USD-PERP | +0.049% | +0.0096% | 8h | $67 | — | 5x | as long as short |
| Bitget MSTRUSDT | +0.052% | +0.0312% | 8h | $28.8M | $111.1M | 25x | as long as short |
| Vest MSTR-USD-PERP | +0.052% | +0.0046% | 1h | — | $1.8M | 25x | as long as short |
| OKX MSTR-USDT-SWAP | +0.058% | +0.0241% | 8h | $22.5M | $101.0M | 50x | as long as short |
| Arcus MSTR-USD | +0.058% | +0.0612% | 1h | $26K | $128K | 10x | as long as short |
| Polymarket Perps MSTR-USD | +0.058% | +0.0050% | 1h | $404K | $2.3M | 10x | as long as short |
| Binance MSTRUSDT | +0.063% | +0.0276% | 8h | $90.1M | $558.2M | 50x | as long as short |
| Aster MSTRUSDT | +0.064% | +0.0271% | 8h | $1.3M | $6.0M | 50x | as long as short |
| Aevo MSTR-PERP | +0.073% | +0.0104% | 1h | $138 | — | 10x | as long as short |
| Bybit MSTRUSDT | +0.082% | +0.0381% | 8h | $15.4M | $41.4M | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.082% | +0.0100% | 8h | $3K | $12K | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.088% | +0.0591% | 1h | $283K | $455K | 10x | as long as short |