After costs, if the gap returns to its 7d average, $10k−$37
spread now−0.001%7d average+0.006%fees + slippage, in and out−$36spread needed0.363%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps MSTR-USD | 166.50 | 0.0050 | pay 0.0006% / 1h | 3m 20s | $403K | $2.2M | 10x |
| Short | Pacifica MSTR | 166.50 | 0.0100 | get 0.0013% / 1h | 3m 20s | $102K | $153K | 10x |
Polymarket Perps MSTR-USD
Pacifica 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
- −$0.09
- Funding while held
- $1.5
- Slippage, 4 orders
- −$20.26
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Net
- −$34.85
- Spread needed to break even
- 0.363%
Slippage from Polymarket Perps: live order book, 2 min ago; Pacifica: live order book, 46 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0050%
- Per $10,000 a day
- +$1.50
- 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, 2 min ago | 2.40 bp | 8.9 bp −$9 | 9.6 bp −$96 | 11.8 bp −$1,178 | doesn't fit |
| Sell Pacifica live order book, 46 min ago | 2.06 bp | 14.9 bp −$15 | doesn't fit | doesn't fit | doesn't fit |
MSTR price on every exchange
against the cheapest. Click to use as the short leg.Ondo Perps166.30cheapestNado166.38+0.051%SoDEX166.39+0.054%Phemex166.39+0.054%Aster166.43+0.079%KuCoin166.46+0.096%QFEX166.47+0.102%Vest166.47+0.102%Lighter166.49+0.114%Paradex166.50+0.119%
Ondo Perps
Nado
SoDEX
Phemex
Aster
KuCoin
QFEX
Vest
Lighter
ParadexPacifica166.50+0.119%
Polymarket Perps166.50+0.120%
Injective166.50+0.120%RISEx166.52+0.134%tradeXYZ166.53+0.138%ApeX Omni166.53+0.138%Arcus166.58+0.168%BloFin166.63+0.198%Gate166.67+0.222%Orderly166.67+0.222%Extended166.69+0.235%Phoenix166.73+0.256%Aevo166.75+0.268%edgeX166.75+0.269%Bybit166.75+0.271%Binance166.75+0.273%Coinbase International166.80+0.301%Bitget166.82+0.313%OKX166.85+0.331%Deribit166.90+0.361%Variational Omni166.93+0.377%
Injective
RISEx
tradeXYZ
ApeX Omni
Arcus
BloFin
Gate
Orderly
Extended
Phoenix
Aevo
Bybit
Binance
Coinbase International
Bitget
OKX
Deribit
Variational OmniMSTR 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 | −0.120% | +0.0050% | 1h | $845K | $4.6M | 10x | as long as short |
| Nado MSTR-PERP | −0.070% | +0.0014% | 1h | $128K | $256K | 3x | as long as short |
| SoDEX MSTR-USD | −0.066% | +0.0050% | 1h | $44K | $3K | 10x | as long as short |
| Phemex MSTRUSDT | −0.066% | 0.0000% | 4h | $2.8M | $37K | 10x | as long as short |
| Aster MSTRUSDT | −0.041% | +0.0316% | 8h | $1.3M | $6.0M | 50x | as long as short |
| KuCoin MSTRUSDTM | −0.024% | +0.0101% | 8h | $2.6M | $2.6M | 20x | as long as short |
| QFEX MSTR-USD | −0.018% | +0.0057% | 1h | $1.3M | $9.2M | 10x | as long as short |
| Vest MSTR-USD-PERP | −0.018% | +0.0046% | 1h | — | $1.7M | 25x | as long as short |
| Lighter MSTR | −0.006% | +0.0048% | 1h | $3.6M | $3.0M | 10x | as long as short |
| Paradex MSTR-USD-PERP | −0.002% | +0.0096% | 8h | $67 | — | 5x | as long as short |
Show all 31 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Pacifica MSTRshort | −0.001% | +0.0100% | 1h | $102K | $153K | 10x | |
| Polymarket Perps MSTR-USDlong | 0.000% | +0.0050% | 1h | $403K | $2.2M | 10x | |
| Injective MSTR/USDC PERP | 0.000% | +0.0033% | 1h | $12K | $97K | 30x | as long as short |
| RISEx MSTR/USDC | +0.013% | +0.0486% | 1h | $296K | $476K | 10x | as long as short |
| tradeXYZ xyz:MSTR | +0.018% | +0.0165% | 1h | $56.7M | $31.5M | 10x | as long as short |
| ApeX Omni MSTRUSDT | +0.018% | +0.0100% | 1h | $130K | $1.9M | 50x | as long as short |
| Arcus MSTR-USD | +0.048% | +0.0705% | 1h | $26K | $126K | 10x | as long as short |
| BloFin MSTR-USDT | +0.078% | +0.0437% | 8h | $1.1M | $1.4M | 20x | as long as short |
| Gate MSTR_USDT | +0.102% | 0.0000% | 8h | $4.9M | $19.2M | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.102% | +0.0100% | 8h | $3K | $12K | 10x | as long as short |
| Extended MSTR_24_5-USD | +0.114% | +0.0032% | 1h | $502K | $2.2M | 10x | as long as short |
| Phoenix MSTR | +0.136% | +0.0216% | 1h | $54K | $364K | 10x | as long as short |
| Aevo MSTR-PERP | +0.148% | +0.0104% | 1h | $138 | — | 10x | as long as short |
| edgeX MSTRUSDC | +0.149% | +0.0023% | 4h | $37K | $4.8M | 10x | as long as short |
| Bybit MSTRUSDT | +0.150% | +0.0228% | 8h | $15.6M | $43.3M | 50x | as long as short |
| Binance MSTRUSDT | +0.153% | +0.0312% | 8h | $89.0M | $549.3M | 50x | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.180% | +0.0112% | 1h | $1.5M | $1.2M | 10x | as long as short |
| Bitget MSTRUSDT | +0.192% | +0.0323% | 8h | $28.9M | $110.9M | 25x | as long as short |
| OKX MSTR-USDT-SWAP | +0.210% | +0.0268% | 8h | $22.3M | $101.8M | 50x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.240% | +0.0950% | 1h | $284K | $453K | 10x | as long as short |
| Variational Omni MSTR | +0.257% | +0.0256% | 8h | $1.3M | $2.2M | — | as long as short |