After costs, if the gap returns to its 7d average, $10k−$72
spread now−0.102%7d average+0.016%fees + slippage, in and out−$61spread needed0.607%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Pacifica MSTR | 167.10 | 0.0100 | pay 0.0013% / 1h | 8m 16s | $102K | $153K | 10x |
| Short | Gate MSTR_USDT | 166.93 | 0 | get 0.0000% / 8h | 8m 16s | $4.9M | $19.1M | 50x |
Pacifica 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
- −$10.17
- Funding while held
- −$3
- Slippage, 4 orders
- −$37.72
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$73.89
- Spread needed to break even
- 0.607%
Slippage from Pacifica: live order book, 41 min ago; Gate: live order book, 2 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0100%
- Per $10,000 a day
- −$3.00
- 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, 41 min ago | 2.06 bp | 6.1 bp −$6 | doesn't fit | doesn't fit | doesn't fit |
| Sell Gate live order book, 2 min ago | 2.10 bp | 19.2 bp −$19 | 37.5 bp −$375 | 124.8 bp −$12.5K | doesn't fit |
MSTR price on every exchange
against the cheapest. Click to use as the short leg.Coinbase International166.13cheapestInjective166.50+0.223%Phoenix166.67+0.327%tradeXYZ166.87+0.445%Bitget166.88+0.451%OKX166.90+0.463%Phemex166.90+0.463%Lighter166.91+0.470%Variational Omni166.93+0.480%
Coinbase International
Injective
Phoenix
tradeXYZ
Bitget
OKX
Phemex
Lighter
Variational OmniGate166.93+0.482%
Ondo Perps166.94+0.488%Binance166.95+0.493%Extended166.96+0.500%edgeX166.97+0.507%KuCoin167.01+0.530%Bybit167.02+0.536%ApeX Omni167.03+0.542%Polymarket Perps167.04+0.548%Orderly167.04+0.548%SoDEX167.05+0.554%Nado167.08+0.573%Aevo167.09+0.577%Deribit167.09+0.578%
Ondo Perps
Binance
Extended
KuCoin
Bybit
ApeX Omni
Polymarket Perps
Orderly
SoDEX
Nado
Aevo
DeribitPacifica167.10+0.584%
QFEX167.11+0.590%Paradex167.12+0.596%RISEx167.13+0.602%Vest167.13+0.602%Aster167.14+0.608%Arcus167.18+0.632%BloFin167.21+0.650%
QFEX
Paradex
RISEx
Vest
Aster
Arcus
BloFinMSTR on 31 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Coinbase International MSTR-PERP-INTX | −0.580% | +0.0112% | 1h | $1.5M | $1.2M | 10x | as long as short |
| Injective MSTR/USDC PERP | −0.359% | +0.0033% | 1h | $12K | $97K | 30x | as long as short |
| Phoenix MSTR | −0.256% | +0.0216% | 1h | $54K | $364K | 10x | as long as short |
| tradeXYZ xyz:MSTR | −0.138% | +0.0171% | 1h | $56.8M | $31.5M | 10x | as long as short |
| Bitget MSTRUSDT | −0.132% | +0.0332% | 8h | $28.9M | $110.7M | 25x | as long as short |
| OKX MSTR-USDT-SWAP | −0.120% | +0.0271% | 8h | $22.1M | $101.3M | 50x | as long as short |
| Phemex MSTRUSDT | −0.120% | 0.0000% | 4h | $2.8M | $37K | 10x | as long as short |
| Lighter MSTR | −0.114% | +0.0064% | 1h | $3.6M | $2.9M | 10x | as long as short |
| Variational Omni MSTR | −0.103% | +0.0270% | 8h | $1.3M | $2.2M | — | as long as short |
| Gate MSTR_USDTshort | −0.102% | 0.0000% | 8h | $4.9M | $19.1M | 50x |
Show all 31 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Ondo Perps MSTR-USD.P | −0.096% | +0.0050% | 1h | $845K | $4.6M | 10x | as long as short |
| Binance MSTRUSDT | −0.090% | +0.0327% | 8h | $89.3M | $544.9M | 50x | as long as short |
| Extended MSTR_24_5-USD | −0.083% | +0.0032% | 1h | $502K | $2.2M | 10x | as long as short |
| edgeX MSTRUSDC | −0.077% | +0.0645% | 4h | $40K | $4.8M | 10x | as long as short |
| KuCoin MSTRUSDTM | −0.054% | +0.0112% | 8h | $2.6M | $2.6M | 20x | as long as short |
| Bybit MSTRUSDT | −0.048% | +0.0232% | 8h | $15.6M | $43.3M | 50x | as long as short |
| ApeX Omni MSTRUSDT | −0.042% | +0.0100% | 1h | $130K | $1.9M | 50x | as long as short |
| Polymarket Perps MSTR-USD | −0.036% | +0.0050% | 1h | $405K | $2.2M | 10x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | −0.036% | +0.0100% | 8h | $3K | $12K | 10x | as long as short |
| SoDEX MSTR-USD | −0.030% | +0.0050% | 1h | $44K | $3K | 10x | as long as short |
| Nado MSTR-PERP | −0.011% | +0.0022% | 1h | $128K | $257K | 3x | as long as short |
| Aevo MSTR-PERP | −0.007% | +0.0104% | 1h | $139 | — | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | −0.006% | +0.0469% | 1h | $284K | $452K | 10x | as long as short |
| Pacifica MSTRlong | 0.000% | +0.0100% | 1h | $102K | $153K | 10x | |
| QFEX MSTR-USD | +0.006% | +0.0057% | 1h | $1.3M | $9.2M | 10x | as long as short |
| Paradex MSTR-USD-PERP | +0.012% | +0.0100% | 8h | $67 | — | 5x | as long as short |
| RISEx MSTR/USDC | +0.018% | +0.0486% | 1h | $300K | $474K | 10x | as long as short |
| Vest MSTR-USD-PERP | +0.018% | +0.0046% | 1h | — | $1.7M | 25x | as long as short |
| Aster MSTRUSDT | +0.024% | +0.0332% | 8h | $1.3M | $5.9M | 50x | as long as short |
| Arcus MSTR-USD | +0.048% | +0.0705% | 1h | $26K | $126K | 10x | as long as short |
| BloFin MSTR-USDT | +0.066% | +0.0448% | 8h | $1.1M | $1.4M | 20x | as long as short |