After costs, if the gap returns to its 7d average, $10k−$43
spread now+0.024%7d average+0.032%fees + slippage, in and out−$42spread needed0.421%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:MSTR | 165.66 | 0.0052 | pay 0.0006% / 1h | 25m 42s | $56.2M | $32.5M | 10x |
| Short | Pacifica MSTR | 165.70 | 0.0100 | get 0.0013% / 1h | 25m 42s | $101K | $153K | 10x |
tradeXYZ xyz:MSTR
Pacifica MSTRPrice 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
- $2.41
- Funding while held
- $1.45
- Slippage, 4 orders
- −$16.11
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Net
- −$38.25
- Spread needed to break even
- 0.421%
Slippage from tradeXYZ: live order book, 5 min ago; Pacifica: live order book, 13 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0048%
- Per $10,000 a day
- +$1.45
- 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 tradeXYZ live order book, 5 min ago | 0.60 bp | 10.1 bp −$10 | 12.1 bp −$121 | doesn't fit | doesn't fit |
| Sell Pacifica live order book, 13 min ago | 1.50 bp | 14.8 bp −$15 | doesn't fit | doesn't fit | doesn't fit |
MSTR price on every exchange
against the cheapest. Click to use as the short leg.ApeX Omni165.41cheapestCoinbase International165.53+0.073%Extended165.59+0.109%Binance165.66+0.149%
ApeX Omni
Coinbase International
Extended
BinancetradeXYZ165.66+0.151%
Ondo Perps165.67+0.157%RISEx165.68+0.163%Lighter165.68+0.163%KuCoin165.68+0.163%edgeX165.69+0.168%
Ondo Perps
RISEx
Lighter
KuCoinPacifica165.70+0.175%
Paradex165.70+0.178%Vest165.71+0.181%Nado165.73+0.195%Aster165.73+0.196%Gate165.74+0.200%Bitget165.74+0.200%QFEX165.75+0.206%Orderly165.75+0.206%Aevo165.75+0.206%BloFin165.76+0.212%OKX165.77+0.218%SoDEX165.77+0.218%Bybit165.79+0.230%Phemex165.79+0.230%Polymarket Perps165.80+0.236%Deribit165.83+0.254%Arcus165.88+0.284%Injective166.20+0.478%Phoenix166.35+0.566%Variational Omni166.45+0.631%
Paradex
Vest
Nado
Aster
Gate
Bitget
QFEX
Orderly
Aevo
BloFin
OKX
SoDEX
Bybit
Phemex
Polymarket Perps
Deribit
Arcus
Injective
Phoenix
Variational OmniMSTR on 31 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| ApeX Omni MSTRUSDT | −0.151% | +0.0100% | 1h | $4K | $1.4M | 50x | as long as short |
| Coinbase International MSTR-PERP-INTX | −0.078% | +0.0112% | 1h | $1.5M | $1.1M | 10x | as long as short |
| Extended MSTR_24_5-USD | −0.042% | +0.0032% | 1h | $491K | $2.0M | 10x | as long as short |
| Binance MSTRUSDT | −0.002% | +0.0190% | 8h | $88.0M | $586.3M | 50x | as long as short |
| tradeXYZ xyz:MSTRlong | 0.000% | +0.0052% | 1h | $56.2M | $32.5M | 10x | |
| Ondo Perps MSTR-USD.P | +0.006% | +0.0050% | 1h | $755K | $4.7M | 10x | as long as short |
| RISEx MSTR/USDC | +0.012% | +0.0017% | 1h | $285K | $465K | 10x | as long as short |
| Lighter MSTR | +0.012% | +0.0032% | 1h | $3.5M | $2.6M | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.012% | +0.0100% | 8h | $2.5M | $2.6M | 20x | as long as short |
| edgeX MSTRUSDC | +0.017% | +0.0075% | 4h | $45K | $5.1M | 10x | as long as short |
Show all 31 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Pacifica MSTRshort | +0.024% | +0.0100% | 1h | $101K | $153K | 10x | |
| Paradex MSTR-USD-PERP | +0.026% | +0.0071% | 8h | $66 | — | 5x | as long as short |
| Vest MSTR-USD-PERP | +0.030% | +0.0046% | 1h | — | $1.8M | 25x | as long as short |
| Nado MSTR-PERP | +0.044% | −0.0030% | 1h | $124K | $244K | 3x | as long as short |
| Aster MSTRUSDT | +0.045% | +0.0187% | 8h | $1.3M | $6.1M | 50x | as long as short |
| Gate MSTR_USDT | +0.048% | 0.0000% | 8h | $4.8M | $18.6M | 50x | as long as short |
| Bitget MSTRUSDT | +0.048% | +0.0233% | 8h | $28.5M | $112.3M | 25x | as long as short |
| QFEX MSTR-USD | +0.054% | +0.0041% | 1h | $1.3M | $9.5M | 10x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.054% | +0.0100% | 8h | $3K | $12K | 10x | as long as short |
| Aevo MSTR-PERP | +0.055% | +0.0104% | 1h | $138 | — | 10x | as long as short |
| BloFin MSTR-USDT | +0.060% | +0.0313% | 8h | $1.1M | $1.5M | 20x | as long as short |
| OKX MSTR-USDT-SWAP | +0.066% | +0.0160% | 8h | $22.2M | $102.1M | 50x | as long as short |
| SoDEX MSTR-USD | +0.066% | +0.0050% | 1h | $44K | $3K | 10x | as long as short |
| Bybit MSTRUSDT | +0.078% | +0.0177% | 8h | $15.4M | $41.8M | 50x | as long as short |
| Phemex MSTRUSDT | +0.078% | 0.0000% | 4h | $2.8M | $43K | 10x | as long as short |
| Polymarket Perps MSTR-USD | +0.085% | +0.0050% | 1h | $402K | $2.3M | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.103% | +0.0958% | 1h | $282K | $455K | 10x | as long as short |
| Arcus MSTR-USD | +0.133% | +0.0599% | 1h | $27K | $125K | 10x | as long as short |
| Injective MSTR/USDC PERP | +0.326% | +0.0249% | 1h | $12K | $68K | 30x | as long as short |
| Phoenix MSTR | +0.414% | +0.0215% | 1h | $54K | $388K | 10x | as long as short |
| Variational Omni MSTR | +0.479% | +0.0149% | 8h | $1.2M | $2.2M | — | as long as short |