After costs, if the gap returns to its 7d average, $10k−$45
spread now−0.024%7d average+0.071%fees + slippage, in and out−$35spread needed0.352%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps MSTR-USD | 167.16 | 0.0082 | pay 0.0010% / 1h | 41m 06s | $409K | $2.1M | 10x |
| Short | Deribit MSTR_USDC-PERPETUAL | 167.12 | 0.0768 | get 0.0096% / 1h | 41m 06s | $284K | $456K | 10x |
Polymarket Perps MSTR-USD
Deribit MSTR_USDC-PERPETUALPrice 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
- −$2.39
- Funding while held
- $20.58
- Slippage, 4 orders
- −$20.24
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$17.05
- Spread needed to break even
- 0.352%
Slippage from Polymarket Perps: live order book, 4 min ago; Deribit: live order book, 9 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0686%
- Per $10,000 a day
- +$20.58
- 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, 4 min ago | 1.79 bp | 8.8 bp −$9 | 9.8 bp −$98 | 11.1 bp −$1,109 | doesn't fit |
| Sell Deribit live order book, 9 min ago | 5.36 bp | 11.2 bp −$11 | 13.3 bp −$133 | doesn't fit | doesn't fit |
MSTR price on every exchange
against the cheapest. Click to use as the short leg.Extended166.66cheapestBitget166.82+0.097%tradeXYZ166.84+0.109%ApeX Omni166.84+0.109%Binance166.85+0.115%Coinbase International166.86+0.121%OKX166.90+0.145%Gate166.90+0.145%Bybit166.93+0.163%Injective166.94+0.169%KuCoin166.95+0.175%Phemex166.95+0.175%Lighter166.96+0.181%Aster166.97+0.187%BloFin166.99+0.199%SoDEX167.00+0.205%Nado167.03+0.225%Ondo Perps167.09+0.259%Orderly167.09+0.259%Aevo167.10+0.265%
Extended
Bitget
tradeXYZ
ApeX Omni
Binance
Coinbase International
OKX
Gate
Bybit
Injective
KuCoin
Phemex
Lighter
Aster
BloFin
SoDEX
Nado
Ondo Perps
Orderly
AevoDeribit167.12+0.277%
edgeX167.14+0.290%Paradex167.14+0.291%Pacifica167.15+0.293%QFEX167.15+0.295%Vest167.15+0.295%
Paradex
Pacifica
QFEX
VestPolymarket Perps167.16+0.301%
RISEx167.19+0.319%Arcus167.23+0.343%Phoenix167.23+0.344%Variational Omni167.58+0.551%
RISEx
Arcus
Phoenix
Variational OmniMSTR on 31 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Extended MSTR_24_5-USD | −0.300% | +0.0096% | 1h | $510K | $2.2M | 10x | as long as short |
| Bitget MSTRUSDT | −0.203% | +0.0376% | 8h | $29.2M | $110.0M | 25x | as long as short |
| tradeXYZ xyz:MSTR | −0.191% | +0.0251% | 1h | $57.0M | $31.7M | 10x | as long as short |
| ApeX Omni MSTRUSDT | −0.191% | +0.0100% | 1h | $133K | $2.1M | 50x | as long as short |
| Binance MSTRUSDT | −0.185% | +0.0381% | 8h | $89.2M | $530.3M | 50x | as long as short |
| Coinbase International MSTR-PERP-INTX | −0.179% | +0.0112% | 1h | $1.5M | $1.2M | 10x | as long as short |
| OKX MSTR-USDT-SWAP | −0.156% | +0.0326% | 8h | $22.2M | $100.5M | 50x | as long as short |
| Gate MSTR_USDT | −0.156% | 0.0000% | 8h | $4.9M | $18.6M | 50x | as long as short |
| Bybit MSTRUSDT | −0.138% | +0.0239% | 8h | $15.7M | $43.2M | 50x | as long as short |
| Injective MSTR/USDC PERP | −0.132% | +0.0033% | 1h | $12K | $97K | 30x | as long as short |
Show all 31 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| KuCoin MSTRUSDTM | −0.126% | +0.0176% | 8h | $2.6M | $2.6M | 20x | as long as short |
| Phemex MSTRUSDT | −0.126% | 0.0000% | 4h | $2.8M | $36K | 10x | as long as short |
| Lighter MSTR | −0.120% | +0.0144% | 1h | $3.6M | $2.9M | 10x | as long as short |
| Aster MSTRUSDT | −0.114% | +0.0395% | 8h | $1.3M | $5.9M | 50x | as long as short |
| BloFin MSTR-USDT | −0.102% | +0.0501% | 8h | $1.1M | $1.4M | 20x | as long as short |
| SoDEX MSTR-USD | −0.096% | +0.0050% | 1h | $44K | $3K | 10x | as long as short |
| Nado MSTR-PERP | −0.076% | +0.0074% | 1h | $128K | $260K | 3x | as long as short |
| Ondo Perps MSTR-USD.P | −0.042% | +0.0050% | 1h | $913K | $4.6M | 10x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | −0.042% | +0.0100% | 8h | $3K | $13K | 10x | as long as short |
| Aevo MSTR-PERP | −0.036% | +0.0104% | 1h | $139 | — | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUALshort | −0.024% | +0.0768% | 1h | $284K | $456K | 10x | |
| edgeX MSTRUSDC | −0.011% | +0.0340% | 4h | $62K | $4.6M | 10x | as long as short |
| Paradex MSTR-USD-PERP | −0.010% | +0.0133% | 8h | $67 | — | 5x | as long as short |
| Pacifica MSTR | −0.008% | +0.0100% | 1h | $102K | $167K | 10x | as long as short |
| QFEX MSTR-USD | −0.006% | +0.0057% | 1h | $1.3M | $9.1M | 10x | as long as short |
| Vest MSTR-USD-PERP | −0.006% | +0.0046% | 1h | — | $1.6M | 25x | as long as short |
| Polymarket Perps MSTR-USDlong | 0.000% | +0.0082% | 1h | $409K | $2.1M | 10x | |
| RISEx MSTR/USDC | +0.017% | +0.0486% | 1h | $305K | $458K | 10x | as long as short |
| Arcus MSTR-USD | +0.042% | +0.0705% | 1h | $26K | $123K | 10x | as long as short |
| Phoenix MSTR | +0.043% | +0.0216% | 1h | $54K | $364K | 10x | as long as short |
| Variational Omni MSTR | +0.249% | +0.0317% | 8h | $1.3M | $2.2M | — | as long as short |