After costs, if the gap returns to its 7d average, $10k−$30
spread now+0.030%7d average−0.017%fees + slippage, in and out−$35spread needed0.347%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | RISEx MSTR/USDC | 166.90 | 0.0486 | pay 0.0061% / 1h | 33m 46s | $305K | $460K | 10x |
| Short | Arcus MSTR-USD | 166.95 | 0.0705 | get 0.0088% / 1h | 33m 46s | $26K | $126K | 10x |
RISEx MSTR/USDC
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
- Funding while held
- $6.58
- Slippage, 4 orders
- −$24.17
- Fee RISEx: 3 bp × 2 orders
- −$6
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Net
- −$25.1
- Spread needed to break even
- 0.347%
Slippage from RISEx: live order book, 16 min ago; Arcus: live order book, 51 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0219%
- Per $10,000 a day
- +$6.58
- 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 RISEx live order book, 16 min ago | 2.97 bp | 6.0 bp −$6 | 7.5 bp −$75 | doesn't fit | doesn't fit |
| Sell Arcus live order book, 51 min ago | 5.11 bp | 7.9 bp −$8 | 26.4 bp −$264 | doesn't fit | doesn't fit |
MSTR price on every exchange
against the cheapest. Click to use as the short leg.Injective166.35cheapestPhoenix166.36+0.008%ApeX Omni166.55+0.120%Variational Omni166.58+0.138%Extended166.67+0.194%Ondo Perps166.69+0.204%Phemex166.69+0.204%edgeX166.69+0.207%Vest166.75+0.240%Orderly166.76+0.246%Nado166.77+0.251%Polymarket Perps166.78+0.258%SoDEX166.79+0.265%Aster166.80+0.271%BloFin166.81+0.277%Gate166.82+0.283%Deribit166.82+0.283%Aevo166.84+0.294%QFEX166.84+0.295%Coinbase International166.86+0.307%Bitget166.87+0.313%
Injective
Phoenix
ApeX Omni
Variational Omni
Extended
Ondo Perps
Phemex
Vest
Orderly
Nado
Polymarket Perps
SoDEX
Aster
BloFin
Gate
Deribit
Aevo
QFEX
Coinbase International
BitgetRISEx166.90+0.331%
KuCoin166.91+0.337%tradeXYZ166.92+0.343%Pacifica166.94+0.352%Lighter166.94+0.355%Binance166.95+0.361%
KuCoin
tradeXYZ
Pacifica
Lighter
BinanceArcus166.95+0.361%
Paradex166.95+0.364%OKX166.98+0.379%Bybit167.01+0.397%
Paradex
OKX
BybitMSTR on 31 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective MSTR/USDC PERP | −0.330% | +0.0033% | 1h | $12K | $97K | 30x | as long as short |
| Phoenix MSTR | −0.322% | +0.0216% | 1h | $56K | $364K | 10x | as long as short |
| ApeX Omni MSTRUSDT | −0.210% | +0.0100% | 1h | $132K | $2.0M | 50x | as long as short |
| Variational Omni MSTR | −0.192% | +0.0312% | 8h | $1.3M | $2.2M | — | as long as short |
| Extended MSTR_24_5-USD | −0.136% | +0.0096% | 1h | $508K | $2.2M | 10x | as long as short |
| Ondo Perps MSTR-USD.P | −0.126% | +0.0050% | 1h | $912K | $4.6M | 10x | as long as short |
| Phemex MSTRUSDT | −0.126% | 0.0000% | 4h | $2.8M | $36K | 10x | as long as short |
| edgeX MSTRUSDC | −0.123% | +0.0895% | 4h | $62K | $4.6M | 10x | as long as short |
| Vest MSTR-USD-PERP | −0.090% | +0.0046% | 1h | — | $1.6M | 25x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | −0.084% | +0.0100% | 8h | $3K | $13K | 10x | as long as short |
Show all 31 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Nado MSTR-PERP | −0.079% | +0.0061% | 1h | $128K | $260K | 3x | as long as short |
| Polymarket Perps MSTR-USD | −0.072% | +0.0060% | 1h | $408K | $2.1M | 10x | as long as short |
| SoDEX MSTR-USD | −0.066% | +0.0050% | 1h | $44K | $3K | 10x | as long as short |
| Aster MSTRUSDT | −0.060% | +0.0384% | 8h | $1.3M | $5.9M | 50x | as long as short |
| BloFin MSTR-USDT | −0.054% | +0.0497% | 8h | $1.1M | $1.4M | 20x | as long as short |
| Gate MSTR_USDT | −0.048% | 0.0000% | 8h | $4.9M | $18.7M | 50x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | −0.048% | +0.0530% | 1h | $283K | $456K | 10x | as long as short |
| Aevo MSTR-PERP | −0.036% | +0.0104% | 1h | $138 | — | 10x | as long as short |
| QFEX MSTR-USD | −0.036% | +0.0057% | 1h | $1.3M | $9.2M | 10x | as long as short |
| Coinbase International MSTR-PERP-INTX | −0.024% | +0.0112% | 1h | $1.5M | $1.2M | 10x | as long as short |
| Bitget MSTRUSDT | −0.018% | +0.0371% | 8h | $29.1M | $110.2M | 25x | as long as short |
| RISEx MSTR/USDClong | 0.000% | +0.0486% | 1h | $305K | $460K | 10x | |
| KuCoin MSTRUSDTM | +0.006% | +0.0165% | 8h | $2.6M | $2.6M | 20x | as long as short |
| tradeXYZ xyz:MSTR | +0.012% | +0.0236% | 1h | $57.1M | $31.5M | 10x | as long as short |
| Pacifica MSTR | +0.022% | +0.0100% | 1h | $102K | $164K | 10x | as long as short |
| Lighter MSTR | +0.024% | +0.0160% | 1h | $3.6M | $2.9M | 10x | as long as short |
| Binance MSTRUSDT | +0.030% | +0.0372% | 8h | $89.2M | $532.8M | 50x | as long as short |
| Arcus MSTR-USDshort | +0.030% | +0.0705% | 1h | $26K | $126K | 10x | |
| Paradex MSTR-USD-PERP | +0.033% | +0.0128% | 8h | $67 | — | 5x | as long as short |
| OKX MSTR-USDT-SWAP | +0.048% | +0.0317% | 8h | $22.3M | $100.8M | 50x | as long as short |
| Bybit MSTRUSDT | +0.066% | +0.0248% | 8h | $15.6M | $43.4M | 50x | as long as short |