After costs, if the gap returns to its 7d average, $10k−$44
spread now−0.062%7d average+0.022%fees + slippage, in and out−$35spread needed0.351%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Pacifica MSTR | 165.06 | 0.0100 | pay 0.0013% / 1h | 31m 15s | $101K | $177K | 10x |
| Short | OKX MSTR-USDT-SWAP | 164.96 | 0.0450 | get 0.0450% / 8h | 2h 31m | $21.5M | $74.7M | 50x |
Pacifica MSTR
OKX MSTR-USDT-SWAPPrice 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
- −$6.24
- Funding while held
- $10.51
- Slippage, 4 orders
- −$17.1
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$30.84
- Spread needed to break even
- 0.351%
Slippage from Pacifica: live order book, 28 min ago; OKX: live order book, 4 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0350%
- Per $10,000 a day
- +$10.51
- 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, 28 min ago | 1.47 bp | 8.5 bp −$9 | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 4 min ago | 0.30 bp | 6.2 bp −$6 | 11.5 bp −$115 | 33.3 bp −$3,332 | doesn't fit |
MSTR price on every exchange
against the cheapest. Click to use as the short leg.Ondo Perps164.74cheapestNado164.78+0.022%Coinbase International164.78+0.024%Aster164.85+0.065%Vest164.85+0.067%Extended164.87+0.081%Polymarket Perps164.88+0.085%KuCoin164.90+0.097%Phoenix164.93+0.115%Bybit164.94+0.121%BloFin164.94+0.121%Lighter164.96+0.134%
Ondo Perps
Nado
Coinbase International
Aster
Vest
Extended
Polymarket Perps
KuCoin
Phoenix
Bybit
BloFin
LighterOKX164.96+0.134%
Binance164.97+0.140%Orderly165.01+0.164%RISEx165.01+0.165%tradeXYZ165.02+0.170%SoDEX165.03+0.176%Aevo165.03+0.179%Deribit165.05+0.188%
Binance
Orderly
RISEx
tradeXYZ
SoDEX
Aevo
DeribitPacifica165.06+0.196%
QFEX165.07+0.200%Gate165.07+0.200%Phemex165.08+0.206%Paradex165.11+0.224%Bitget165.11+0.225%Arcus165.14+0.243%ApeX Omni165.17+0.261%Variational Omni165.33+0.359%edgeX165.38+0.391%Injective165.81+0.650%
QFEX
Gate
Phemex
Paradex
Bitget
Arcus
ApeX Omni
Variational Omni
InjectiveMSTR on 31 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Ondo Perps MSTR-USD.P | −0.196% | +0.0050% | 1h | $924K | $4.0M | 10x | as long as short |
| Nado MSTR-PERP | −0.174% | +0.0249% | 1h | $153K | $254K | 3x | as long as short |
| Coinbase International MSTR-PERP-INTX | −0.171% | +0.0176% | 1h | $1.5M | $1.1M | 10x | as long as short |
| Aster MSTRUSDT | −0.130% | +0.0548% | 8h | $1.9M | $3.5M | 50x | as long as short |
| Vest MSTR-USD-PERP | −0.129% | +0.0046% | 1h | — | $943K | 25x | as long as short |
| Extended MSTR_24_5-USD | −0.115% | +0.0032% | 1h | $492K | $2.1M | 10x | as long as short |
| Polymarket Perps MSTR-USD | −0.111% | +0.0050% | 1h | $411K | $1.3M | 10x | as long as short |
| KuCoin MSTRUSDTM | −0.099% | +0.0141% | 8h | $2.5M | $1.4M | 20x | as long as short |
| Phoenix MSTR | −0.081% | +0.0342% | 1h | $55K | $230K | 10x | as long as short |
| Bybit MSTRUSDT | −0.075% | +0.0212% | 8h | $15.7M | $33.4M | 50x | as long as short |
Show all 31 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| BloFin MSTR-USDT | −0.075% | +0.0661% | 8h | $1.1M | $1.2M | 20x | as long as short |
| Lighter MSTR | −0.062% | +0.0096% | 1h | $3.5M | $2.5M | 10x | as long as short |
| OKX MSTR-USDT-SWAPshort | −0.062% | +0.0450% | 8h | $21.5M | $74.7M | 50x | |
| Binance MSTRUSDT | −0.056% | +0.0509% | 8h | $86.1M | $365.3M | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | −0.032% | +0.0100% | 8h | $4K | $10K | 10x | as long as short |
| RISEx MSTR/USDC | −0.031% | +0.0870% | 1h | $183K | $257K | 10x | as long as short |
| tradeXYZ xyz:MSTR | −0.026% | +0.0421% | 1h | $58.5M | $21.2M | 10x | as long as short |
| SoDEX MSTR-USD | −0.020% | +0.0050% | 1h | $43K | $3K | 10x | as long as short |
| Aevo MSTR-PERP | −0.017% | +0.0104% | 1h | $137 | — | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | −0.008% | +0.0660% | 1h | $280K | $493K | 10x | as long as short |
| Pacifica MSTRlong | 0.000% | +0.0100% | 1h | $101K | $177K | 10x | |
| QFEX MSTR-USD | +0.004% | +0.0070% | 1h | $1.3M | $8.6M | 10x | as long as short |
| Gate MSTR_USDT | +0.004% | 0.0000% | 8h | $5.0M | $16.9M | 50x | as long as short |
| Phemex MSTRUSDT | +0.010% | 0.0000% | 4h | $2.8M | $26K | 10x | as long as short |
| Paradex MSTR-USD-PERP | +0.028% | +0.0146% | 8h | $66 | — | 5x | as long as short |
| Bitget MSTRUSDT | +0.028% | +0.0494% | 8h | $31.9M | $86.5M | 25x | as long as short |
| Arcus MSTR-USD | +0.047% | +0.0549% | 1h | $30K | $108K | 10x | as long as short |
| ApeX Omni MSTRUSDT | +0.065% | +0.0100% | 1h | $131K | $2.3M | 50x | as long as short |
| Variational Omni MSTR | +0.162% | +0.0412% | 8h | $1.4M | $1.8M | — | as long as short |
| edgeX MSTRUSDC | +0.194% | +0.0574% | 4h | $32K | $3.1M | 10x | as long as short |
| Injective MSTR/USDC PERP | +0.453% | +0.0440% | 1h | $13K | $130K | 30x | as long as short |