After costs, if the gap returns to its 7d average, $10k−$34
spread now−0.087%7d average−0.031%fees + slippage, in and out−$29spread needed0.286%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Pacifica MSTR | 167.28 | 0.0100 | pay 0.0013% / 1h | 1m 58s | $102K | $152K | 10x |
| Short | Lighter MSTR | 167.13 | 0.0032 | get 0.0004% / 1h | 1m 58s | $3.6M | $2.8M | 10x |
Pacifica MSTR
Lighter MSTRPrice 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
- −$8.69
- Funding while held
- −$2.04
- Slippage, 4 orders
- −$20.63
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$39.36
- Spread needed to break even
- 0.286%
Slippage from Pacifica: live order book, 42 min ago; Lighter: live order book, 7 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0068%
- Per $10,000 a day
- −$2.04
- 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, 42 min ago | 1.92 bp | 6.3 bp −$6 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter live order book, 7 min ago | 1.20 bp | 1.7 bp −$2 | 5.1 bp −$51 | 28.4 bp −$2,841 | doesn't fit |
MSTR price on every exchange
against the cheapest. Click to use as the short leg.Injective165.38cheapestNado167.05+1.011%Extended167.08+1.025%Orderly167.08+1.028%Phemex167.09+1.034%SoDEX167.11+1.046%Ondo Perps167.12+1.052%ApeX Omni167.12+1.052%Aevo167.13+1.057%
Injective
Nado
Extended
Orderly
Phemex
SoDEX
Ondo Perps
ApeX Omni
AevoLighter167.13+1.058%
tradeXYZ167.14+1.064%KuCoin167.14+1.064%Binance167.17+1.080%Variational Omni167.17+1.082%Bitget167.17+1.082%Polymarket Perps167.17+1.082%Deribit167.17+1.082%Aster167.17+1.083%Gate167.18+1.088%RISEx167.23+1.119%Bybit167.23+1.119%Coinbase International167.24+1.125%edgeX167.24+1.127%OKX167.26+1.137%Paradex167.27+1.145%
tradeXYZ
KuCoin
Binance
Variational Omni
Bitget
Polymarket Perps
Deribit
Aster
Gate
RISEx
Bybit
Coinbase International
OKX
ParadexPacifica167.28+1.146%
QFEX167.28+1.149%Arcus167.30+1.161%BloFin167.37+1.203%Vest167.40+1.221%Phoenix167.68+1.392%
QFEX
Arcus
BloFin
Vest
PhoenixMSTR on 31 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective MSTR/USDC PERP | −1.133% | +0.0312% | 1h | $12K | $93K | 30x | as long as short |
| Nado MSTR-PERP | −0.134% | +0.0084% | 1h | $126K | $247K | 3x | as long as short |
| Extended MSTR_24_5-USD | −0.119% | +0.0032% | 1h | $495K | $2.1M | 10x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | −0.117% | +0.0100% | 8h | $3K | $12K | 10x | as long as short |
| Phemex MSTRUSDT | −0.111% | 0.0000% | 4h | $2.8M | $41K | 10x | as long as short |
| SoDEX MSTR-USD | −0.099% | +0.0050% | 1h | $44K | $3K | 10x | as long as short |
| Ondo Perps MSTR-USD.P | −0.093% | +0.0050% | 1h | $848K | $4.6M | 10x | as long as short |
| ApeX Omni MSTRUSDT | −0.093% | +0.0100% | 1h | $130K | $1.7M | 50x | as long as short |
| Aevo MSTR-PERP | −0.088% | +0.0104% | 1h | $139 | — | 10x | as long as short |
| Lighter MSTRshort | −0.087% | +0.0032% | 1h | $3.6M | $2.8M | 10x |
Show all 31 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:MSTR | −0.081% | +0.0122% | 1h | $57.1M | $32.0M | 10x | as long as short |
| KuCoin MSTRUSDTM | −0.081% | +0.0100% | 8h | $2.6M | $2.6M | 20x | as long as short |
| Binance MSTRUSDT | −0.065% | +0.0261% | 8h | $91.5M | $566.1M | 50x | as long as short |
| Variational Omni MSTR | −0.063% | +0.0216% | 8h | $1.3M | $2.3M | — | as long as short |
| Bitget MSTRUSDT | −0.063% | +0.0287% | 8h | $28.8M | $111.6M | 25x | as long as short |
| Polymarket Perps MSTR-USD | −0.063% | +0.0050% | 1h | $405K | $2.3M | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | −0.063% | +0.0349% | 1h | $284K | $455K | 10x | as long as short |
| Aster MSTRUSDT | −0.062% | +0.0264% | 8h | $1.3M | $6.0M | 50x | as long as short |
| Gate MSTR_USDT | −0.057% | 0.0000% | 8h | $4.9M | $19.3M | 50x | as long as short |
| RISEx MSTR/USDC | −0.027% | +0.0277% | 1h | $296K | $467K | 10x | as long as short |
| Bybit MSTRUSDT | −0.027% | +0.0278% | 8h | $15.5M | $41.5M | 50x | as long as short |
| Coinbase International MSTR-PERP-INTX | −0.021% | +0.0112% | 1h | $1.5M | $1.1M | 10x | as long as short |
| edgeX MSTRUSDC | −0.019% | +0.0240% | 4h | $49K | $5.0M | 10x | as long as short |
| OKX MSTR-USDT-SWAP | −0.009% | +0.0223% | 8h | $22.7M | $101.7M | 50x | as long as short |
| Paradex MSTR-USD-PERP | −0.001% | +0.0086% | 8h | $67 | — | 5x | as long as short |
| Pacifica MSTRlong | 0.000% | +0.0100% | 1h | $102K | $152K | 10x | |
| QFEX MSTR-USD | +0.003% | +0.0041% | 1h | $1.3M | $9.4M | 10x | as long as short |
| Arcus MSTR-USD | +0.015% | +0.0612% | 1h | $26K | $128K | 10x | as long as short |
| BloFin MSTR-USDT | +0.057% | +0.0386% | 8h | $1.1M | $1.5M | 20x | as long as short |
| Vest MSTR-USD-PERP | +0.074% | +0.0046% | 1h | — | $1.8M | 25x | as long as short |
| Phoenix MSTR | +0.243% | +0.0226% | 1h | $56K | $380K | 10x | as long as short |