After costs, if the gap returns to its 7d average, $10k−$21
spread now+0.061%7d average−0.018%fees + slippage, in and out−$29spread needed0.293%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | RISEx MSTR/USDC | 165.86 | 0.0566 | pay 0.0071% / 1h | 27m 34s | $196K | $392K | 10x |
| Short | Bybit MSTRUSDT | 165.96 | 0.0202 | get 0.0202% / 8h | 1h 27m | $15.8M | $41.5M | 50x |
RISEx MSTR/USDC
Bybit 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
- $6.1
- Funding while held
- −$10.91
- Slippage, 4 orders
- −$12.32
- Fee RISEx: 3 bp × 2 orders
- −$6
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$34.13
- Spread needed to break even
- 0.293%
Slippage from RISEx: live order book, 27 min ago; Bybit: live order book, 3 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0364%
- Per $10,000 a day
- −$10.91
- 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, 27 min ago | 3.01 bp | 6.0 bp −$6 | 7.7 bp −$77 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 3 min ago | 0.90 bp | 9.0 bp −$9 | 15.1 bp −$151 | 65.0 bp −$6,503 | doesn't fit |
MSTR price on every exchange
against the cheapest. Click to use as the short leg.Phemex165.49cheapestOndo Perps165.55+0.036%Extended165.61+0.073%Orderly165.66+0.103%SoDEX165.66+0.103%Deribit165.72+0.139%Injective165.73+0.145%Paradex165.75+0.156%Aevo165.75+0.157%tradeXYZ165.75+0.157%Gate165.75+0.157%QFEX165.76+0.163%Aster165.77+0.169%Coinbase International165.77+0.169%Pacifica165.78+0.173%Lighter165.81+0.193%Nado165.83+0.208%KuCoin165.85+0.218%
Phemex
Ondo Perps
Extended
Orderly
SoDEX
Deribit
Injective
Paradex
Aevo
tradeXYZ
Gate
QFEX
Aster
Coinbase International
Pacifica
Lighter
Nado
KuCoinRISEx165.86+0.223%
Arcus165.86+0.224%Binance165.94+0.271%BloFin165.95+0.278%
Arcus
Binance
BloFinBybit165.96+0.284%
ApeX Omni165.96+0.284%Polymarket Perps165.99+0.302%Vest166.02+0.320%Bitget166.03+0.326%OKX166.09+0.363%edgeX166.10+0.368%Variational Omni166.15+0.396%Phoenix166.38+0.536%
ApeX Omni
Polymarket Perps
Vest
Bitget
OKX
Variational Omni
PhoenixMSTR on 31 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Phemex MSTRUSDT | −0.222% | 0.0000% | 4h | $2.8M | $30K | 10x | as long as short |
| Ondo Perps MSTR-USD.P | −0.186% | +0.0050% | 1h | $843K | $4.3M | 10x | as long as short |
| Extended MSTR_24_5-USD | −0.150% | +0.0032% | 1h | $493K | $2.3M | 10x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | −0.120% | +0.0100% | 8h | $3K | $14K | 10x | as long as short |
| SoDEX MSTR-USD | −0.120% | +0.0050% | 1h | $44K | $3K | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | −0.084% | +0.0596% | 1h | $282K | $450K | 10x | as long as short |
| Injective MSTR/USDC PERP | −0.078% | −0.0440% | 1h | $12K | $123K | 30x | as long as short |
| Paradex MSTR-USD-PERP | −0.066% | +0.0116% | 8h | $66 | — | 5x | as long as short |
| Aevo MSTR-PERP | −0.066% | +0.0104% | 1h | $138 | — | 10x | as long as short |
| tradeXYZ xyz:MSTR | −0.066% | +0.0196% | 1h | $56.6M | $29.9M | 10x | as long as short |
Show all 31 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Gate MSTR_USDT | −0.066% | 0.0000% | 8h | $5.0M | $18.6M | 50x | as long as short |
| QFEX MSTR-USD | −0.060% | +0.0057% | 1h | $1.3M | $8.9M | 10x | as long as short |
| Aster MSTRUSDT | −0.054% | +0.0443% | 8h | $1.6M | $5.0M | 50x | as long as short |
| Coinbase International MSTR-PERP-INTX | −0.054% | +0.0160% | 1h | $1.5M | $1.2M | 10x | as long as short |
| Pacifica MSTR | −0.049% | +0.0100% | 1h | $101K | $176K | 10x | as long as short |
| Lighter MSTR | −0.029% | +0.0160% | 1h | $3.6M | $2.9M | 10x | as long as short |
| Nado MSTR-PERP | −0.015% | +0.0087% | 1h | $155K | $245K | 3x | as long as short |
| KuCoin MSTRUSDTM | −0.005% | +0.0139% | 8h | $3.2M | $2.1M | 20x | as long as short |
| RISEx MSTR/USDClong | 0.000% | +0.0566% | 1h | $196K | $392K | 10x | |
| Arcus MSTR-USD | +0.001% | +0.0991% | 1h | $26K | $123K | 10x | as long as short |
| Binance MSTRUSDT | +0.048% | +0.0413% | 8h | $86.0M | $477.2M | 50x | as long as short |
| BloFin MSTR-USDT | +0.055% | +0.0542% | 8h | $1.1M | $1.4M | 20x | as long as short |
| Bybit MSTRUSDTshort | +0.061% | +0.0202% | 8h | $15.8M | $41.5M | 50x | |
| ApeX Omni MSTRUSDT | +0.061% | +0.0100% | 1h | $132K | $2.4M | 50x | as long as short |
| Polymarket Perps MSTR-USD | +0.079% | +0.0050% | 1h | $418K | $1.7M | 10x | as long as short |
| Vest MSTR-USD-PERP | +0.097% | +0.0046% | 1h | — | $1.3M | 25x | as long as short |
| Bitget MSTRUSDT | +0.103% | +0.0401% | 8h | $28.7M | $106.0M | 25x | as long as short |
| OKX MSTR-USDT-SWAP | +0.139% | +0.0363% | 8h | $21.8M | $96.7M | 50x | as long as short |
| edgeX MSTRUSDC | +0.145% | +0.0400% | 4h | $61K | $4.1M | 10x | as long as short |
| Variational Omni MSTR | +0.173% | +0.0342% | 8h | $1.3M | $2.1M | — | as long as short |
| Phoenix MSTR | +0.312% | +0.0320% | 1h | $54K | $334K | 10x | as long as short |