After costs, if the gap returns to its 7d average, $10k−$31
spread now+0.036%7d average+0.017%fees + slippage, in and out−$33spread needed0.330%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | QFEX MSTR-USD | 166.27 | 0.0057 | pay 0.0007% / 1h | 30m 26s | $1.3M | $8.9M | 10x |
| Short | Arcus MSTR-USD | 166.33 | 0.0991 | get 0.0124% / 1h | 30m 26s | $26K | $123K | 10x |
QFEX MSTR-USD
Arcus MSTR-USDPrice 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
- $3.61
- Funding while held
- $28.01
- Slippage, 4 orders
- −$18.51
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Net
- −$1.39
- Spread needed to break even
- 0.330%
Slippage from QFEX: live order book, 5 min ago; Arcus: live order book, 60 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0934%
- Per $10,000 a day
- +$28.01
- 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 QFEX live order book, 5 min ago | 1.21 bp | 6.2 bp −$6 | 6.7 bp −$67 | 11.4 bp −$1,141 | doesn't fit |
| Sell Arcus live order book, 60 min ago | 3.64 bp | 5.9 bp −$6 | 33.4 bp −$334 | doesn't fit | doesn't fit |
MSTR price on every exchange
against the cheapest. Click to use as the short leg.Phoenix165.56cheapestInjective165.73+0.105%ApeX Omni165.89+0.202%Ondo Perps165.91+0.214%Coinbase International165.93+0.226%Phemex165.98+0.256%edgeX166.02+0.279%Lighter166.07+0.310%Extended166.08+0.317%BloFin166.10+0.329%Deribit166.11+0.335%SoDEX166.13+0.347%Pacifica166.14+0.350%Variational Omni166.15+0.356%Paradex166.15+0.356%
Phoenix
Injective
ApeX Omni
Ondo Perps
Coinbase International
Phemex
Lighter
Extended
BloFin
Deribit
SoDEX
Pacifica
Variational Omni
ParadexQFEX166.27+0.431%
Aster166.29+0.442%
AsterArcus166.33+0.468%
Orderly166.33+0.468%RISEx166.33+0.469%OKX166.34+0.474%Nado166.35+0.477%Aevo166.36+0.488%Bybit166.42+0.522%Gate166.43+0.528%Vest166.43+0.528%KuCoin166.45+0.540%Polymarket Perps166.45+0.540%Binance166.46+0.546%Bitget166.49+0.564%tradeXYZ166.53+0.588%
Orderly
RISEx
OKX
Nado
Aevo
Bybit
Gate
Vest
KuCoin
Polymarket Perps
Binance
Bitget
tradeXYZMSTR on 31 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Phoenix MSTR | −0.429% | +0.0320% | 1h | $53K | $334K | 10x | as long as short |
| Injective MSTR/USDC PERP | −0.325% | −0.0440% | 1h | $12K | $123K | 30x | as long as short |
| ApeX Omni MSTRUSDT | −0.229% | +0.0100% | 1h | $132K | $2.4M | 50x | as long as short |
| Ondo Perps MSTR-USD.P | −0.217% | +0.0050% | 1h | $843K | $4.3M | 10x | as long as short |
| Coinbase International MSTR-PERP-INTX | −0.204% | +0.0160% | 1h | $1.5M | $1.2M | 10x | as long as short |
| Phemex MSTRUSDT | −0.174% | 0.0000% | 4h | $2.8M | $30K | 10x | as long as short |
| edgeX MSTRUSDC | −0.151% | +0.0698% | 4h | $61K | $4.1M | 10x | as long as short |
| Lighter MSTR | −0.120% | +0.0152% | 1h | $3.6M | $2.9M | 10x | as long as short |
| Extended MSTR_24_5-USD | −0.114% | +0.0032% | 1h | $495K | $2.2M | 10x | as long as short |
| BloFin MSTR-USDT | −0.102% | +0.0543% | 8h | $1.1M | $1.4M | 20x | as long as short |
Show all 31 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Deribit MSTR_USDC-PERPETUAL | −0.096% | +0.0714% | 1h | $282K | $450K | 10x | as long as short |
| SoDEX MSTR-USD | −0.084% | +0.0050% | 1h | $44K | $3K | 10x | as long as short |
| Pacifica MSTR | −0.081% | +0.0100% | 1h | $102K | $176K | 10x | as long as short |
| Variational Omni MSTR | −0.075% | +0.0342% | 8h | $1.3M | $2.1M | — | as long as short |
| Paradex MSTR-USD-PERP | −0.075% | +0.0116% | 8h | $66 | — | 5x | as long as short |
| QFEX MSTR-USDlong | 0.000% | +0.0057% | 1h | $1.3M | $8.9M | 10x | |
| Aster MSTRUSDT | +0.011% | +0.0448% | 8h | $1.6M | $4.9M | 50x | as long as short |
| Arcus MSTR-USDshort | +0.036% | +0.0991% | 1h | $26K | $123K | 10x | |
| Orderly PERP_MSTR_USDC_mythos | +0.036% | +0.0100% | 8h | $3K | $14K | 10x | as long as short |
| RISEx MSTR/USDC | +0.037% | +0.0566% | 1h | $196K | $392K | 10x | as long as short |
| OKX MSTR-USDT-SWAP | +0.042% | +0.0366% | 8h | $21.9M | $96.8M | 50x | as long as short |
| Nado MSTR-PERP | +0.046% | +0.0079% | 1h | $155K | $245K | 3x | as long as short |
| Aevo MSTR-PERP | +0.057% | +0.0104% | 1h | $138 | — | 10x | as long as short |
| Bybit MSTRUSDT | +0.090% | +0.0202% | 8h | $15.8M | $41.4M | 50x | as long as short |
| Gate MSTR_USDT | +0.096% | 0.0000% | 8h | $5.0M | $18.5M | 50x | as long as short |
| Vest MSTR-USD-PERP | +0.096% | +0.0046% | 1h | — | $1.3M | 25x | as long as short |
| KuCoin MSTRUSDTM | +0.108% | +0.0133% | 8h | $3.2M | $2.1M | 20x | as long as short |
| Polymarket Perps MSTR-USD | +0.108% | +0.0050% | 1h | $421K | $1.7M | 10x | as long as short |
| Binance MSTRUSDT | +0.114% | +0.0417% | 8h | $86.3M | $476.4M | 50x | as long as short |
| Bitget MSTRUSDT | +0.132% | +0.0405% | 8h | $28.8M | $105.9M | 25x | as long as short |
| tradeXYZ xyz:MSTR | +0.156% | +0.0189% | 1h | $56.8M | $29.9M | 10x | as long as short |