After costs, if the gap returns to its 7d average, $10k−$29
spread now−0.017%7d average+0.021%fees + slippage, in and out−$26spread needed0.256%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | QFEX MSTR-USD | 165.56 | 0.0041 | pay 0.0005% / 1h | 7m 35s | $1.4M | $9.6M | 10x |
| Short | Binance MSTRUSDT | 165.53 | 0.0194 | get 0.0194% / 8h | 6h 07m | $88.1M | $590.1M | 50x |
QFEX MSTR-USD
Binance MSTRUSDTPrice 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
- −$1.71
- Funding while held
- $4.59
- Slippage, 4 orders
- −$5.63
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$22.75
- Spread needed to break even
- 0.256%
Slippage from QFEX: live order book, 8 min ago; Binance: live order book, 8 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0153%
- Per $10,000 a day
- +$4.59
- 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, 8 min ago | 1.81 bp | 6.8 bp −$7 | 6.8 bp −$68 | 10.2 bp −$1,020 | doesn't fit |
| Sell Binance live order book, 8 min ago | 0.30 bp | 5.9 bp −$6 | 8.6 bp −$86 | 23.5 bp −$2,348 | 67.8 bp −$33.9K |
MSTR price on every exchange
against the cheapest. Click to use as the short leg.Phemex165.28cheapestDeribit165.31+0.018%SoDEX165.32+0.024%Aevo165.36+0.048%Orderly165.36+0.048%Extended165.40+0.070%Nado165.41+0.078%tradeXYZ165.42+0.085%KuCoin165.42+0.085%Vest165.43+0.091%Pacifica165.47+0.118%Gate165.49+0.127%Paradex165.49+0.128%Aster165.51+0.139%RISEx165.51+0.142%Lighter165.53+0.151%Coinbase International165.53+0.151%
Phemex
Deribit
SoDEX
Aevo
Orderly
Extended
Nado
tradeXYZ
KuCoin
Vest
Pacifica
Gate
Paradex
Aster
RISEx
Lighter
Coinbase InternationalBinance165.53+0.152%
ApeX Omni165.55+0.163%Polymarket Perps165.55+0.163%OKX165.56+0.169%
ApeX Omni
Polymarket Perps
OKXQFEX165.56+0.169%
Bitget165.57+0.175%Phoenix165.57+0.175%Arcus165.58+0.182%Bybit165.60+0.194%Ondo Perps165.61+0.200%BloFin165.65+0.224%edgeX165.67+0.233%Injective165.77+0.296%Variational Omni166.02+0.447%
Bitget
Phoenix
Arcus
Bybit
Ondo Perps
BloFin
Injective
Variational OmniMSTR on 31 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Phemex MSTRUSDT | −0.169% | 0.0000% | 4h | $2.8M | $44K | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | −0.151% | +0.0598% | 1h | $281K | $487K | 10x | as long as short |
| SoDEX MSTR-USD | −0.145% | +0.0050% | 1h | $43K | $3K | 10x | as long as short |
| Aevo MSTR-PERP | −0.122% | +0.0104% | 1h | $137 | — | 10x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | −0.121% | +0.0100% | 8h | $3K | $12K | 10x | as long as short |
| Extended MSTR_24_5-USD | −0.100% | +0.0032% | 1h | $574K | $2.1M | 10x | as long as short |
| Nado MSTR-PERP | −0.091% | +0.0046% | 1h | $123K | $242K | 3x | as long as short |
| tradeXYZ xyz:MSTR | −0.085% | +0.0120% | 1h | $56.0M | $32.9M | 10x | as long as short |
| KuCoin MSTRUSDTM | −0.085% | +0.0100% | 8h | $2.5M | $2.6M | 20x | as long as short |
| Vest MSTR-USD-PERP | −0.079% | +0.0046% | 1h | — | $1.8M | 25x | as long as short |
Show all 31 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Pacifica MSTR | −0.051% | +0.0100% | 1h | $101K | $153K | 10x | as long as short |
| Gate MSTR_USDT | −0.042% | 0.0000% | 8h | $4.8M | $18.9M | 50x | as long as short |
| Paradex MSTR-USD-PERP | −0.042% | +0.0096% | 8h | $66 | — | 5x | as long as short |
| Aster MSTRUSDT | −0.030% | +0.0184% | 8h | $1.3M | $6.1M | 50x | as long as short |
| RISEx MSTR/USDC | −0.027% | +0.0017% | 1h | $285K | $465K | 10x | as long as short |
| Lighter MSTR | −0.018% | +0.0032% | 1h | $3.5M | $2.6M | 10x | as long as short |
| Coinbase International MSTR-PERP-INTX | −0.018% | +0.0112% | 1h | $1.5M | $1.1M | 10x | as long as short |
| Binance MSTRUSDTshort | −0.017% | +0.0194% | 8h | $88.1M | $590.1M | 50x | |
| ApeX Omni MSTRUSDT | −0.006% | +0.0100% | 1h | $4K | $1.4M | 50x | as long as short |
| Polymarket Perps MSTR-USD | −0.006% | +0.0050% | 1h | $401K | $2.3M | 10x | as long as short |
| OKX MSTR-USDT-SWAP | 0.000% | +0.0158% | 8h | $22.2M | $101.8M | 50x | as long as short |
| QFEX MSTR-USDlong | 0.000% | +0.0041% | 1h | $1.4M | $9.6M | 10x | |
| Bitget MSTRUSDT | +0.006% | +0.0240% | 8h | $28.4M | $112.7M | 25x | as long as short |
| Phoenix MSTR | +0.006% | +0.0215% | 1h | $55K | $388K | 10x | as long as short |
| Arcus MSTR-USD | +0.012% | +0.0599% | 1h | $27K | $119K | 10x | as long as short |
| Bybit MSTRUSDT | +0.024% | +0.0249% | 8h | $15.4M | $41.9M | 50x | as long as short |
| Ondo Perps MSTR-USD.P | +0.030% | +0.0050% | 1h | $778K | $4.7M | 10x | as long as short |
| BloFin MSTR-USDT | +0.054% | +0.0318% | 8h | $1.1M | $1.6M | 20x | as long as short |
| edgeX MSTRUSDC | +0.064% | +0.0734% | 4h | $50K | $5.1M | 10x | as long as short |
| Injective MSTR/USDC PERP | +0.127% | +0.0249% | 1h | $12K | $68K | 30x | as long as short |
| Variational Omni MSTR | +0.277% | +0.0133% | 8h | $1.2M | $2.3M | — | as long as short |