After costs, if the gap returns to its 7d average, $10k−$24
spread now+0.080%7d average+0.057%fees + slippage, in and out−$26spread needed0.262%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps MSTR-USD | 166.30 | 0.0050 | pay 0.0006% / 1h | 50m 33s | $411K | $2.3M | 10x |
| Short | Binance MSTRUSDT | 166.43 | 0.0310 | get 0.0310% / 8h | 7h 50m | $89.9M | $555.2M | 50x |
Polymarket Perps MSTR-USD
Binance MSTRUSDTPrice 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
- $8.03
- Funding while held
- $7.8
- Slippage, 4 orders
- −$8.22
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$10.39
- Spread needed to break even
- 0.262%
Slippage from Polymarket Perps: live order book, 5 min ago; Binance: live order book, 10 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0260%
- Per $10,000 a day
- +$7.80
- 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 Polymarket Perps live order book, 5 min ago | 2.40 bp | 8.0 bp −$8 | 9.6 bp −$96 | 12.1 bp −$1,213 | doesn't fit |
| Sell Binance live order book, 10 min ago | 0.30 bp | 5.5 bp −$6 | 7.2 bp −$72 | 23.7 bp −$2,366 | 81.6 bp −$40.8K |
MSTR price on every exchange
against the cheapest. Click to use as the short leg.ApeX Omni166.20cheapestVest166.25+0.030%Ondo Perps166.28+0.048%Extended166.29+0.051%
ApeX Omni
Vest
Ondo Perps
ExtendedPolymarket Perps166.30+0.060%
Nado166.31+0.064%Coinbase International166.32+0.072%Orderly166.35+0.090%Lighter166.36+0.096%Bybit166.36+0.096%tradeXYZ166.37+0.102%KuCoin166.37+0.102%Deribit166.37+0.102%Paradex166.39+0.112%Phemex166.39+0.114%Aevo166.39+0.116%Gate166.40+0.120%RISEx166.41+0.128%Pacifica166.42+0.133%Aster166.43+0.138%QFEX166.43+0.138%
Nado
Coinbase International
Orderly
Lighter
Bybit
tradeXYZ
KuCoin
Deribit
Paradex
Phemex
Aevo
Gate
RISEx
Pacifica
Aster
QFEXBinance166.43+0.141%
OKX166.44+0.144%Bitget166.44+0.144%BloFin166.44+0.144%edgeX166.46+0.155%Phoenix166.49+0.171%Variational Omni166.51+0.186%Arcus166.52+0.193%Injective166.56+0.217%SoDEX166.62+0.253%
OKX
Bitget
BloFin
Phoenix
Variational Omni
Arcus
Injective
SoDEXMSTR on 31 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| ApeX Omni MSTRUSDT | −0.060% | +0.0100% | 1h | $130K | $1.9M | 50x | as long as short |
| Vest MSTR-USD-PERP | −0.030% | +0.0046% | 1h | — | $1.7M | 25x | as long as short |
| Ondo Perps MSTR-USD.P | −0.012% | +0.0050% | 1h | $894K | $4.5M | 10x | as long as short |
| Extended MSTR_24_5-USD | −0.009% | +0.0032% | 1h | $499K | $2.2M | 10x | as long as short |
| Polymarket Perps MSTR-USDlong | 0.000% | +0.0050% | 1h | $411K | $2.3M | 10x | |
| Nado MSTR-PERP | +0.004% | +0.0156% | 1h | $125K | $257K | 3x | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.012% | +0.0112% | 1h | $1.5M | $1.2M | 10x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.030% | +0.0100% | 8h | $3K | $12K | 10x | as long as short |
| Lighter MSTR | +0.036% | +0.0088% | 1h | $3.6M | $2.8M | 10x | as long as short |
| Bybit MSTRUSDT | +0.036% | +0.0243% | 8h | $15.5M | $43.3M | 50x | as long as short |
Show all 31 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:MSTR | +0.042% | +0.0192% | 1h | $56.9M | $31.3M | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.042% | +0.0100% | 8h | $2.6M | $2.6M | 20x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.042% | +0.0833% | 1h | $283K | $453K | 10x | as long as short |
| Paradex MSTR-USD-PERP | +0.051% | +0.0109% | 8h | $67 | — | 5x | as long as short |
| Phemex MSTRUSDT | +0.054% | 0.0000% | 4h | $2.8M | $38K | 10x | as long as short |
| Aevo MSTR-PERP | +0.056% | +0.0104% | 1h | $138 | — | 10x | as long as short |
| Gate MSTR_USDT | +0.060% | 0.0000% | 8h | $4.8M | $18.6M | 50x | as long as short |
| RISEx MSTR/USDC | +0.068% | +0.0277% | 1h | $293K | $477K | 10x | as long as short |
| Pacifica MSTR | +0.073% | +0.0100% | 1h | $102K | $153K | 10x | as long as short |
| Aster MSTRUSDT | +0.078% | +0.0305% | 8h | $1.3M | $6.0M | 50x | as long as short |
| QFEX MSTR-USD | +0.078% | +0.0041% | 1h | $1.3M | $9.2M | 10x | as long as short |
| Binance MSTRUSDTshort | +0.080% | +0.0310% | 8h | $89.9M | $555.2M | 50x | |
| OKX MSTR-USDT-SWAP | +0.084% | +0.0269% | 8h | $22.3M | $101.4M | 50x | as long as short |
| Bitget MSTRUSDT | +0.084% | +0.0320% | 8h | $29.0M | $111.1M | 25x | as long as short |
| BloFin MSTR-USDT | +0.084% | +0.0430% | 8h | $1.1M | $1.4M | 20x | as long as short |
| edgeX MSTRUSDC | +0.095% | +0.0545% | 4h | $45K | $4.9M | 10x | as long as short |
| Phoenix MSTR | +0.111% | +0.0226% | 1h | $54K | $380K | 10x | as long as short |
| Variational Omni MSTR | +0.126% | +0.0241% | 8h | $1.3M | $2.2M | — | as long as short |
| Arcus MSTR-USD | +0.132% | +0.0612% | 1h | $26K | $126K | 10x | as long as short |
| Injective MSTR/USDC PERP | +0.156% | +0.0312% | 1h | $12K | $93K | 30x | as long as short |
| SoDEX MSTR-USD | +0.192% | +0.0050% | 1h | $44K | $3K | 10x | as long as short |