After costs, if the gap returns to its 7d average, $10k−$25
spread now−0.033%7d average−0.034%fees + slippage, in and out−$26spread needed0.255%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | RISEx MSTR/USDC | 165.73 | 0.0486 | pay 0.0061% / 1h | 27m 18s | $303K | $463K | 10x |
| Short | QFEX MSTR-USD | 165.67 | 0.0057 | get 0.0007% / 1h | 27m 18s | $1.3M | $9.2M | 10x |
RISEx MSTR/USDC
QFEX 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
- −$3.34
- Funding while held
- −$12.88
- Slippage, 4 orders
- −$9.53
- Fee RISEx: 3 bp × 2 orders
- −$6
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$41.76
- Spread needed to break even
- 0.255%
Slippage from RISEx: live order book, 23 min ago; QFEX: live order book, 8 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0429%
- Per $10,000 a day
- −$12.88
- 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, 23 min ago | 2.97 bp | 6.0 bp −$6 | 7.5 bp −$75 | doesn't fit | doesn't fit |
| Sell QFEX live order book, 8 min ago | 1.80 bp | 6.8 bp −$7 | 8.1 bp −$81 | 12.3 bp −$1,231 | doesn't fit |
MSTR price on every exchange
against the cheapest. Click to use as the short leg.Ondo Perps165.54cheapestNado165.59+0.033%Vest165.61+0.042%KuCoin165.62+0.048%Extended165.63+0.054%tradeXYZ165.63+0.054%Orderly165.66+0.072%
Ondo Perps
Nado
Vest
KuCoin
Extended
tradeXYZ
OrderlyQFEX165.67+0.079%
Polymarket Perps165.67+0.079%SoDEX165.68+0.085%Aster165.68+0.086%Binance165.69+0.089%Pacifica165.69+0.090%Bitget165.69+0.091%Paradex165.72+0.110%
Polymarket Perps
SoDEX
Aster
Binance
Pacifica
Bitget
ParadexRISEx165.73+0.112%
Gate165.73+0.115%Lighter165.75+0.127%OKX165.75+0.127%Phoenix165.75+0.127%Deribit165.75+0.127%Aevo165.75+0.129%Bybit165.76+0.133%Arcus165.76+0.133%Phemex165.84+0.181%BloFin165.85+0.187%Coinbase International166.13+0.356%edgeX166.28+0.448%ApeX Omni166.35+0.489%Injective166.35+0.489%Variational Omni166.49+0.573%
Gate
Lighter
OKX
Phoenix
Deribit
Aevo
Bybit
Arcus
Phemex
BloFin
Coinbase International
ApeX Omni
Injective
Variational OmniMSTR on 31 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Ondo Perps MSTR-USD.P | −0.112% | +0.0050% | 1h | $909K | $4.5M | 10x | as long as short |
| Nado MSTR-PERP | −0.079% | +0.0049% | 1h | $127K | $257K | 3x | as long as short |
| Vest MSTR-USD-PERP | −0.070% | +0.0046% | 1h | — | $1.6M | 25x | as long as short |
| KuCoin MSTRUSDTM | −0.064% | +0.0151% | 8h | $2.6M | $2.6M | 20x | as long as short |
| Extended MSTR_24_5-USD | −0.058% | +0.0048% | 1h | $505K | $2.2M | 10x | as long as short |
| tradeXYZ xyz:MSTR | −0.058% | +0.0207% | 1h | $56.8M | $31.6M | 10x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | −0.039% | +0.0100% | 8h | $3K | $12K | 10x | as long as short |
| QFEX MSTR-USDshort | −0.033% | +0.0057% | 1h | $1.3M | $9.2M | 10x | |
| Polymarket Perps MSTR-USD | −0.033% | +0.0050% | 1h | $406K | $2.1M | 10x | as long as short |
| SoDEX MSTR-USD | −0.027% | +0.0050% | 1h | $44K | $3K | 10x | as long as short |
Show all 31 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Aster MSTRUSDT | −0.026% | +0.0368% | 8h | $1.3M | $5.9M | 50x | as long as short |
| Binance MSTRUSDT | −0.023% | +0.0360% | 8h | $88.1M | $536.1M | 50x | as long as short |
| Pacifica MSTR | −0.022% | +0.0100% | 1h | $101K | $153K | 10x | as long as short |
| Bitget MSTRUSDT | −0.021% | +0.0359% | 8h | $28.9M | $110.5M | 25x | as long as short |
| Paradex MSTR-USD-PERP | −0.002% | +0.0120% | 8h | $66 | — | 5x | as long as short |
| RISEx MSTR/USDClong | 0.000% | +0.0486% | 1h | $303K | $463K | 10x | |
| Gate MSTR_USDT | +0.003% | 0.0000% | 8h | $4.9M | $18.8M | 50x | as long as short |
| Lighter MSTR | +0.015% | +0.0120% | 1h | $3.6M | $2.9M | 10x | as long as short |
| OKX MSTR-USDT-SWAP | +0.015% | +0.0300% | 8h | $22.0M | $100.6M | 50x | as long as short |
| Phoenix MSTR | +0.015% | +0.0216% | 1h | $54K | $364K | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.015% | +0.0595% | 1h | $282K | $461K | 10x | as long as short |
| Aevo MSTR-PERP | +0.017% | +0.0104% | 1h | $138 | — | 10x | as long as short |
| Bybit MSTRUSDT | +0.021% | +0.0243% | 8h | $15.4M | $43.7M | 50x | as long as short |
| Arcus MSTR-USD | +0.021% | +0.0705% | 1h | $26K | $126K | 10x | as long as short |
| Phemex MSTRUSDT | +0.069% | 0.0000% | 4h | $2.8M | $36K | 10x | as long as short |
| BloFin MSTR-USDT | +0.075% | +0.0480% | 8h | $1.1M | $1.4M | 20x | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.244% | +0.0112% | 1h | $1.5M | $1.2M | 10x | as long as short |
| edgeX MSTRUSDC | +0.336% | +0.0756% | 4h | $63K | $4.7M | 10x | as long as short |
| ApeX Omni MSTRUSDT | +0.377% | +0.0100% | 1h | $132K | $1.9M | 50x | as long as short |
| Injective MSTR/USDC PERP | +0.377% | +0.0033% | 1h | $12K | $97K | 30x | as long as short |
| Variational Omni MSTR | +0.461% | +0.0305% | 8h | $1.3M | $2.2M | — | as long as short |