data as of
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Price arb /

MSTR

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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

After costs, if the gap returns to its 7d average, $10k−$26
spread now−0.003%7d average−0.038%fees + slippage, in and out−$30spread needed0.300%
Long on RISExShort on Pacifica
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongRISEx MSTR/USDC166.090get 0.0000% / 1h11m 15s$286K$469K10x
ShortPacifica MSTR166.090.0100get 0.0013% / 1h11m 15s$101K$152K10x

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
−$0.3
Funding while held
$3
Slippage, 4 orders
−$15.96
Fee RISEx: 3 bp × 2 orders
−$6
Fee Pacifica: 4 bp × 2 orders
−$8
Net
−$27.26
Spread needed to break even
0.300%
Slippage from RISEx: live order book, 24 min ago; Pacifica: live order book, 23 min ago.

Cost of waiting

funding view
Funding /8h
+0.0100%
Per $10,000 a day
+$3.00
Average in range /8h
—

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy RISEx live order book, 24 min ago2.71 bp5.7 bp −$66.6 bp −$66doesn't fitdoesn't fit
Sell Pacifica live order book, 23 min ago1.21 bp12.7 bp −$13doesn't fitdoesn't fitdoesn't fit

MSTR price on every exchange

against the cheapest. Click to use as the short leg.
Coinbase International164.72cheapestNado165.96+0.752%Extended165.96+0.753%tradeXYZ166.04+0.801%Ondo Perps166.04+0.801%Gate166.05+0.807%KuCoin166.07+0.820%Phoenix166.07+0.820%Orderly166.07+0.820%BloFin166.07+0.820%Paradex166.08+0.826%Binance166.08+0.826%Vest166.08+0.826%Polymarket Perps166.08+0.826%
Pacifica166.09+0.832%
Aster166.09+0.833%
RISEx166.09+0.835%
Aevo166.10+0.837%Lighter166.10+0.838%SoDEX166.12+0.850%OKX166.13+0.856%QFEX166.13+0.856%Bitget166.13+0.856%Phemex166.13+0.856%Bybit166.15+0.868%Arcus166.15+0.868%Deribit166.18+0.886%edgeX166.20+0.900%ApeX Omni166.24+0.923%Injective166.28+0.947%Variational Omni166.31+0.966%

MSTR on 31 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Coinbase International MSTR-PERP-INTX−0.828%+0.0104%1h$1.4M$1.1M10xas long as short
Nado MSTR-PERP−0.082%+0.0021%1h$124K$229K3xas long as short
Extended MSTR_24_5-USD−0.081%+0.0032%1h$577K$2.1M10xas long as short
tradeXYZ xyz:MSTR−0.033%+0.0091%1h$56.4M$34.0M10xas long as short
Ondo Perps MSTR-USD.P−0.033%+0.0050%1h$777K$4.7M10xas long as short
Gate MSTR_USDT−0.027%0.0000%8h$4.8M$18.7M50xas long as short
KuCoin MSTRUSDTM−0.015%+0.0100%8h$2.6M$2.7M20xas long as short
Phoenix MSTR−0.015%+0.0237%1h$56K$384K10xas long as short
Orderly PERP_MSTR_USDC_mythos−0.015%+0.0100%8h$3K$12K10xas long as short
BloFin MSTR-USDT−0.015%+0.0263%8h$1.1M$1.6M20xas long as short
Show all 31 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Paradex MSTR-USD-PERP−0.009%+0.0077%8h$66—5xas long as short
Binance MSTRUSDT−0.009%+0.0143%8h$87.5M$600.0M50xas long as short
Vest MSTR-USD-PERP−0.009%+0.0046%1h—$1.9M25xas long as short
Polymarket Perps MSTR-USD−0.009%+0.0050%1h$405K$2.4M10xas long as short
Pacifica MSTRshort−0.003%+0.0100%1h$101K$152K10x
Aster MSTRUSDT−0.002%+0.0126%8h$1.3M$6.1M50xas long as short
RISEx MSTR/USDClong0.000%0.0000%1h$286K$469K10x
Aevo MSTR-PERP+0.003%+0.0104%1h$138—10xas long as short
Lighter MSTR+0.003%+0.0032%1h$3.5M$2.6M10xas long as short
SoDEX MSTR-USD+0.015%+0.0050%1h$44K$3K10xas long as short
OKX MSTR-USDT-SWAP+0.021%+0.0111%8h$22.1M$102.4M50xas long as short
QFEX MSTR-USD+0.021%+0.0065%1h$1.4M$9.8M10xas long as short
Bitget MSTRUSDT+0.021%+0.0220%8h$28.5M$113.3M25xas long as short
Phemex MSTRUSDT+0.021%0.0000%4h$2.8M$47K10xas long as short
Bybit MSTRUSDT+0.033%+0.0283%8h$15.4M$40.3M50xas long as short
Arcus MSTR-USD+0.033%+0.0553%1h$27K$122K10xas long as short
Deribit MSTR_USDC-PERPETUAL+0.051%+0.0714%1h$282K$481K10xas long as short
edgeX MSTRUSDC+0.064%+0.0644%4h$45K$5.2M10xas long as short
ApeX Omni MSTRUSDT+0.087%+0.0100%1h$4K$1.4M50xas long as short
Injective MSTR/USDC PERP+0.111%+0.0188%1h$12K$48K30xas long as short
Variational Omni MSTR+0.130%+0.0091%8h$1.2M$2.4M—as long as short