After costs, if the gap returns to its 7d average, $10k−$83
spread now−0.074%7d average−0.002%fees + slippage, in and out−$76spread needed0.762%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Pacifica MSTR | 165.93 | 0.0100 | pay 0.0013% / 1h | 52m 48s | $102K | $153K | 10x |
| Short | KuCoin MSTRUSDTM | 165.81 | 0.0100 | get 0.0100% / 8h | 5h 52m | $2.6M | $2.6M | 20x |
Pacifica 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
- −$7.35
- Funding while held
- $0
- Slippage, 4 orders
- −$56.18
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$83.53
- Spread needed to break even
- 0.762%
Slippage from Pacifica: live order book, 46 min ago; KuCoin: live order book, 11 min ago.
Cost of waiting
funding view- Funding /8h
- 0.0000%
- Per $10,000 a day
- +$0.00
- 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, 46 min ago | 1.50 bp | 7.6 bp −$8 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 11 min ago | 2.12 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.Coinbase International164.72cheapestApeX Omni165.23+0.310%Variational Omni165.26+0.325%edgeX165.36+0.391%Nado165.44+0.438%Phoenix165.60+0.533%Injective165.62+0.546%Ondo Perps165.63+0.552%Phemex165.68+0.583%SoDEX165.70+0.595%Deribit165.70+0.595%Orderly165.75+0.625%BloFin165.75+0.625%Aevo165.76+0.630%tradeXYZ165.77+0.637%Lighter165.77+0.637%
Coinbase International
ApeX Omni
Variational Omni
Nado
Phoenix
Injective
Ondo Perps
Phemex
SoDEX
Deribit
Orderly
BloFin
Aevo
tradeXYZ
LighterKuCoin165.81+0.662%
Extended165.83+0.673%Bitget165.86+0.692%Aster165.87+0.697%Polymarket Perps165.90+0.716%Gate165.93+0.735%Vest165.93+0.735%
Extended
Bitget
Aster
Polymarket Perps
Gate
VestPacifica165.93+0.736%
Paradex165.95+0.749%RISEx165.97+0.756%QFEX165.97+0.759%Arcus165.99+0.771%Binance166.02+0.786%OKX166.08+0.826%Bybit166.09+0.832%
Paradex
RISEx
QFEX
Arcus
Binance
OKX
BybitMSTR 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 | −0.730% | +0.0104% | 1h | $1.4M | $1.1M | 10x | as long as short |
| ApeX Omni MSTRUSDT | −0.423% | +0.0100% | 1h | $4K | $1.4M | 50x | as long as short |
| Variational Omni MSTR | −0.408% | +0.0132% | 8h | $1.2M | $2.4M | — | as long as short |
| edgeX MSTRUSDC | −0.342% | +0.0141% | 4h | $44K | $5.2M | 10x | as long as short |
| Nado MSTR-PERP | −0.296% | +0.0148% | 1h | $123K | $240K | 3x | as long as short |
| Phoenix MSTR | −0.201% | +0.0237% | 1h | $54K | $384K | 10x | as long as short |
| Injective MSTR/USDC PERP | −0.188% | +0.0188% | 1h | $12K | $48K | 30x | as long as short |
| Ondo Perps MSTR-USD.P | −0.182% | +0.0050% | 1h | $775K | $4.7M | 10x | as long as short |
| Phemex MSTRUSDT | −0.152% | 0.0000% | 4h | $2.8M | $45K | 10x | as long as short |
| SoDEX MSTR-USD | −0.140% | +0.0050% | 1h | $44K | $3K | 10x | as long as short |
Show all 31 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Deribit MSTR_USDC-PERPETUAL | −0.140% | +0.0414% | 1h | $282K | $488K | 10x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | −0.110% | +0.0100% | 8h | $3K | $12K | 10x | as long as short |
| BloFin MSTR-USDT | −0.110% | +0.0308% | 8h | $1.1M | $1.6M | 20x | as long as short |
| Aevo MSTR-PERP | −0.105% | +0.0104% | 1h | $138 | — | 10x | as long as short |
| tradeXYZ xyz:MSTR | −0.098% | +0.0159% | 1h | $56.2M | $33.6M | 10x | as long as short |
| Lighter MSTR | −0.098% | +0.0080% | 1h | $3.5M | $2.6M | 10x | as long as short |
| KuCoin MSTRUSDTMshort | −0.074% | +0.0100% | 8h | $2.6M | $2.6M | 20x | |
| Extended MSTR_24_5-USD | −0.063% | +0.0032% | 1h | $574K | $2.1M | 10x | as long as short |
| Bitget MSTRUSDT | −0.043% | +0.0244% | 8h | $28.5M | $112.8M | 25x | as long as short |
| Aster MSTRUSDT | −0.038% | +0.0175% | 8h | $1.3M | $6.1M | 50x | as long as short |
| Polymarket Perps MSTR-USD | −0.019% | +0.0071% | 1h | $400K | $2.3M | 10x | as long as short |
| Gate MSTR_USDT | −0.001% | 0.0000% | 8h | $4.8M | $18.5M | 50x | as long as short |
| Vest MSTR-USD-PERP | −0.001% | +0.0046% | 1h | — | $1.8M | 25x | as long as short |
| Pacifica MSTRlong | 0.000% | +0.0100% | 1h | $102K | $153K | 10x | |
| Paradex MSTR-USD-PERP | +0.013% | +0.0107% | 8h | $66 | — | 5x | as long as short |
| RISEx MSTR/USDC | +0.020% | 0.0000% | 1h | $285K | $464K | 10x | as long as short |
| QFEX MSTR-USD | +0.023% | +0.0065% | 1h | $1.4M | $9.7M | 10x | as long as short |
| Arcus MSTR-USD | +0.035% | +0.0553% | 1h | $27K | $119K | 10x | as long as short |
| Binance MSTRUSDT | +0.050% | +0.0188% | 8h | $88.2M | $592.8M | 50x | as long as short |
| OKX MSTR-USDT-SWAP | +0.089% | +0.0151% | 8h | $22.0M | $102.2M | 50x | as long as short |
| Bybit MSTRUSDT | +0.095% | +0.0305% | 8h | $15.4M | $40.3M | 50x | as long as short |