After costs, if the gap returns to its 7d average, $10k−$23
spread now+0.087%7d average+0.044%fees + slippage, in and out−$28spread needed0.277%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps MSTR-USD | 166.00 | 0.0050 | pay 0.0006% / 1h | 28m 04s | $407K | $2.1M | 10x |
| Short | RISEx MSTR/USDC | 166.15 | 0.0486 | get 0.0061% / 1h | 28m 04s | $303K | $463K | 10x |
Polymarket Perps MSTR-USD
RISEx MSTR/USDCPrice 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
- $8.73
- Funding while held
- $13.09
- Slippage, 4 orders
- −$13.71
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee RISEx: 3 bp × 2 orders
- −$6
- Net
- −$5.88
- Spread needed to break even
- 0.277%
Slippage from Polymarket Perps: live order book, 2 min ago; RISEx: live order book, 22 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0436%
- Per $10,000 a day
- +$13.09
- 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 | 3.01 bp | 8.5 bp −$8 | 9.8 bp −$98 | 11.5 bp −$1,151 | doesn't fit |
| Sell RISEx live order book, 22 min ago | 2.97 bp | 6.0 bp −$6 | 6.8 bp −$68 | doesn't fit | doesn't fit |
MSTR price on every exchange
against the cheapest. Click to use as the short leg.tradeXYZ165.77cheapestPhemex165.80+0.018%Binance165.81+0.025%Extended165.81+0.026%OKX165.83+0.036%Bitget165.83+0.036%Lighter165.84+0.042%Aster165.84+0.044%Gate165.87+0.060%KuCoin165.87+0.060%Orderly165.87+0.060%SoDEX165.87+0.060%Bybit165.88+0.066%Aevo165.89+0.071%Deribit165.91+0.084%Vest165.99+0.133%
tradeXYZ
Phemex
Binance
Extended
OKX
Bitget
Lighter
Aster
Gate
KuCoin
Orderly
SoDEX
Bybit
Aevo
Deribit
VestPolymarket Perps166.00+0.139%
Coinbase International166.13+0.217%QFEX166.14+0.223%
Coinbase International
QFEXRISEx166.15+0.226%
Pacifica166.17+0.241%Ondo Perps166.20+0.259%Paradex166.20+0.260%Arcus166.21+0.265%Nado166.30+0.321%Injective166.35+0.350%Phoenix166.36+0.357%ApeX Omni166.43+0.398%BloFin166.44+0.404%Variational Omni166.49+0.434%edgeX166.57+0.480%
Pacifica
Ondo Perps
Paradex
Arcus
Nado
Injective
Phoenix
ApeX Omni
BloFin
Variational OmniMSTR on 31 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:MSTR | −0.139% | +0.0210% | 1h | $56.8M | $31.6M | 10x | as long as short |
| Phemex MSTRUSDT | −0.120% | 0.0000% | 4h | $2.8M | $36K | 10x | as long as short |
| Binance MSTRUSDT | −0.114% | +0.0363% | 8h | $88.1M | $535.7M | 50x | as long as short |
| Extended MSTR_24_5-USD | −0.113% | +0.0064% | 1h | $505K | $2.2M | 10x | as long as short |
| OKX MSTR-USDT-SWAP | −0.102% | +0.0301% | 8h | $22.0M | $100.6M | 50x | as long as short |
| Bitget MSTRUSDT | −0.102% | +0.0361% | 8h | $28.9M | $110.5M | 25x | as long as short |
| Lighter MSTR | −0.096% | +0.0120% | 1h | $3.6M | $2.9M | 10x | as long as short |
| Aster MSTRUSDT | −0.095% | +0.0370% | 8h | $1.3M | $5.9M | 50x | as long as short |
| Gate MSTR_USDT | −0.078% | 0.0000% | 8h | $4.9M | $18.8M | 50x | as long as short |
| KuCoin MSTRUSDTM | −0.078% | +0.0152% | 8h | $2.6M | $2.6M | 20x | as long as short |
Show all 31 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Orderly PERP_MSTR_USDC_mythos | −0.078% | +0.0100% | 8h | $3K | $12K | 10x | as long as short |
| SoDEX MSTR-USD | −0.078% | +0.0050% | 1h | $44K | $3K | 10x | as long as short |
| Bybit MSTRUSDT | −0.072% | +0.0243% | 8h | $15.4M | $43.6M | 50x | as long as short |
| Aevo MSTR-PERP | −0.067% | +0.0104% | 1h | $138 | — | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | −0.054% | +0.0413% | 1h | $282K | $460K | 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% | +0.0050% | 1h | $407K | $2.1M | 10x | |
| Coinbase International MSTR-PERP-INTX | +0.078% | +0.0112% | 1h | $1.5M | $1.2M | 10x | as long as short |
| QFEX MSTR-USD | +0.084% | +0.0057% | 1h | $1.3M | $9.2M | 10x | as long as short |
| RISEx MSTR/USDCshort | +0.087% | +0.0486% | 1h | $303K | $463K | 10x | |
| Pacifica MSTR | +0.102% | +0.0100% | 1h | $102K | $153K | 10x | as long as short |
| Ondo Perps MSTR-USD.P | +0.120% | +0.0050% | 1h | $909K | $4.5M | 10x | as long as short |
| Paradex MSTR-USD-PERP | +0.121% | +0.0121% | 8h | $66 | — | 5x | as long as short |
| Arcus MSTR-USD | +0.127% | +0.0705% | 1h | $26K | $126K | 10x | as long as short |
| Nado MSTR-PERP | +0.182% | +0.0053% | 1h | $128K | $257K | 3x | as long as short |
| Injective MSTR/USDC PERP | +0.211% | +0.0033% | 1h | $12K | $97K | 30x | as long as short |
| Phoenix MSTR | +0.217% | +0.0216% | 1h | $55K | $364K | 10x | as long as short |
| ApeX Omni MSTRUSDT | +0.259% | +0.0100% | 1h | $132K | $2.0M | 50x | as long as short |
| BloFin MSTR-USDT | +0.265% | +0.0483% | 8h | $1.1M | $1.4M | 20x | as long as short |
| Variational Omni MSTR | +0.295% | +0.0305% | 8h | $1.3M | $2.2M | — | as long as short |
| edgeX MSTRUSDC | +0.341% | +0.0592% | 4h | $63K | $4.7M | 10x | as long as short |