After costs, if the gap returns to its 7d average, $10k−$31
spread now+0.054%7d average+0.007%fees + slippage, in and out−$36spread needed0.358%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps MSTR-USD | 167.26 | 0.0050 | pay 0.0006% / 1h | 10m 01s | $406K | $2.3M | 10x |
| Short | tradeXYZ xyz:MSTR | 167.35 | 0.0138 | get 0.0017% / 1h | 10m 01s | $57.2M | $32.1M | 10x |
Polymarket Perps MSTR-USD
tradeXYZ xyz: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
- $5.38
- Funding while held
- $2.65
- Slippage, 4 orders
- −$9.79
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$27.76
- Spread needed to break even
- 0.358%
Slippage from Polymarket Perps: live order book, 5 min ago; tradeXYZ: live order book, 11 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0088%
- Per $10,000 a day
- +$2.65
- 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 | 3.01 bp | 8.5 bp −$9 | 10.7 bp −$107 | 22.1 bp −$2,205 | doesn't fit |
| Sell tradeXYZ live order book, 11 min ago | 0.30 bp | 10.2 bp −$10 | 12.1 bp −$121 | doesn't fit | doesn't fit |
MSTR price on every exchange
against the cheapest. Click to use as the short leg.Injective165.38cheapestCoinbase International165.97+0.357%ApeX Omni166.77+0.840%edgeX166.77+0.843%Nado166.84+0.883%Ondo Perps166.88+0.907%Phoenix166.88+0.908%Variational Omni166.93+0.938%BloFin166.95+0.949%Paradex167.13+1.057%Extended167.13+1.059%Orderly167.14+1.064%Aevo167.15+1.069%Pacifica167.16+1.074%RISEx167.17+1.080%Aster167.20+1.099%SoDEX167.20+1.100%QFEX167.22+1.113%Gate167.23+1.119%KuCoin167.23+1.119%Phemex167.24+1.125%Arcus167.25+1.131%
Injective
Coinbase International
ApeX Omni
Nado
Ondo Perps
Phoenix
Variational Omni
BloFin
Paradex
Extended
Orderly
Aevo
Pacifica
RISEx
Aster
SoDEX
QFEX
Gate
KuCoin
Phemex
ArcusPolymarket Perps167.26+1.137%
Vest167.29+1.155%Deribit167.29+1.155%Lighter167.31+1.167%Bybit167.31+1.167%OKX167.31+1.167%
Vest
Deribit
Lighter
Bybit
OKXtradeXYZ167.35+1.191%
Binance167.35+1.191%Bitget167.37+1.203%
Binance
BitgetMSTR on 31 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective MSTR/USDC PERP | −1.124% | +0.0312% | 1h | $12K | $93K | 30x | as long as short |
| Coinbase International MSTR-PERP-INTX | −0.771% | +0.0112% | 1h | $1.5M | $1.1M | 10x | as long as short |
| ApeX Omni MSTRUSDT | −0.293% | +0.0100% | 1h | $130K | $1.8M | 50x | as long as short |
| edgeX MSTRUSDC | −0.291% | +0.0565% | 4h | $43K | $4.9M | 10x | as long as short |
| Nado MSTR-PERP | −0.251% | +0.0106% | 1h | $126K | $253K | 3x | as long as short |
| Ondo Perps MSTR-USD.P | −0.227% | +0.0050% | 1h | $887K | $4.4M | 10x | as long as short |
| Phoenix MSTR | −0.227% | +0.0226% | 1h | $56K | $380K | 10x | as long as short |
| Variational Omni MSTR | −0.197% | +0.0218% | 8h | $1.3M | $2.3M | — | as long as short |
| BloFin MSTR-USDT | −0.185% | +0.0413% | 8h | $1.1M | $1.5M | 20x | as long as short |
| Paradex MSTR-USD-PERP | −0.079% | +0.0093% | 8h | $67 | — | 5x | as long as short |
Show all 31 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Extended MSTR_24_5-USD | −0.077% | +0.0032% | 1h | $497K | $2.1M | 10x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | −0.072% | +0.0100% | 8h | $3K | $12K | 10x | as long as short |
| Aevo MSTR-PERP | −0.067% | +0.0104% | 1h | $139 | — | 10x | as long as short |
| Pacifica MSTR | −0.062% | +0.0100% | 1h | $102K | $152K | 10x | as long as short |
| RISEx MSTR/USDC | −0.056% | +0.0277% | 1h | $300K | $465K | 10x | as long as short |
| Aster MSTRUSDT | −0.038% | +0.0268% | 8h | $1.3M | $6.0M | 50x | as long as short |
| SoDEX MSTR-USD | −0.036% | +0.0050% | 1h | $44K | $3K | 10x | as long as short |
| QFEX MSTR-USD | −0.024% | +0.0041% | 1h | $1.3M | $9.4M | 10x | as long as short |
| Gate MSTR_USDT | −0.018% | 0.0000% | 8h | $4.9M | $19.1M | 50x | as long as short |
| KuCoin MSTRUSDTM | −0.018% | +0.0100% | 8h | $2.6M | $2.6M | 20x | as long as short |
| Phemex MSTRUSDT | −0.012% | 0.0000% | 4h | $2.8M | $41K | 10x | as long as short |
| Arcus MSTR-USD | −0.006% | +0.0612% | 1h | $26K | $128K | 10x | as long as short |
| Polymarket Perps MSTR-USDlong | 0.000% | +0.0050% | 1h | $406K | $2.3M | 10x | |
| Vest MSTR-USD-PERP | +0.018% | +0.0046% | 1h | — | $1.8M | 25x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.018% | +0.0528% | 1h | $284K | $455K | 10x | as long as short |
| Lighter MSTR | +0.030% | +0.0032% | 1h | $3.6M | $2.8M | 10x | as long as short |
| Bybit MSTRUSDT | +0.030% | +0.0344% | 8h | $15.5M | $41.4M | 50x | as long as short |
| OKX MSTR-USDT-SWAP | +0.030% | +0.0236% | 8h | $22.7M | $101.6M | 50x | as long as short |
| tradeXYZ xyz:MSTRshort | +0.054% | +0.0138% | 1h | $57.2M | $32.1M | 10x | |
| Binance MSTRUSDT | +0.054% | +0.0269% | 8h | $90.5M | $563.2M | 50x | as long as short |
| Bitget MSTRUSDT | +0.066% | +0.0304% | 8h | $28.9M | $111.2M | 25x | as long as short |