After costs, if the gap returns to its 7d average, $10k−$26
spread now+0.097%7d average+0.070%fees + slippage, in and out−$28spread needed0.282%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:MSTR | 165.41 | 0.0129 | pay 0.0016% / 1h | 1m 25s | $55.8M | $33.2M | 10x |
| Short | RISEx MSTR/USDC | 165.57 | 0.0017 | get 0.0002% / 1h | 1m 25s | $285K | $464K | 10x |
tradeXYZ xyz:MSTR
RISEx MSTR/USDCPrice 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
- $9.67
- Funding while held
- −$3.34
- Slippage, 4 orders
- −$4.22
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee RISEx: 3 bp × 2 orders
- −$6
- Net
- −$21.89
- Spread needed to break even
- 0.282%
Slippage from tradeXYZ: live order book, 10 min ago; RISEx: live order book, 39 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0111%
- Per $10,000 a day
- −$3.34
- 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, 10 min ago | 0.30 bp | 9.3 bp −$9 | 11.5 bp −$115 | doesn't fit | doesn't fit |
| Sell RISEx live order book, 39 min ago | 1.20 bp | 4.8 bp −$5 | 7.1 bp −$71 | doesn't fit | doesn't fit |
MSTR price on every exchange
against the cheapest. Click to use as the short leg.ApeX Omni164.69cheapestCoinbase International164.72+0.018%Ondo Perps164.88+0.115%edgeX164.89+0.122%BloFin165.05+0.219%Nado165.07+0.229%Phemex165.10+0.249%Phoenix165.13+0.270%Orderly165.15+0.279%SoDEX165.15+0.279%Aevo165.18+0.299%Deribit165.20+0.310%Aster165.26+0.347%Extended165.38+0.416%KuCoin165.38+0.419%
ApeX Omni
Coinbase International
Ondo Perps
BloFin
Nado
Phemex
Phoenix
Orderly
SoDEX
Aevo
Deribit
Aster
Extended
KuCointradeXYZ165.41+0.437%
Vest165.43+0.449%Pacifica165.48+0.478%Variational Omni165.48+0.482%Gate165.50+0.492%Paradex165.51+0.496%Lighter165.52+0.504%Bitget165.52+0.504%Polymarket Perps165.52+0.504%OKX165.53+0.510%Binance165.55+0.522%
Vest
Pacifica
Variational Omni
Gate
Paradex
Lighter
Bitget
Polymarket Perps
OKX
BinanceRISEx165.57+0.534%
QFEX165.57+0.534%Bybit165.58+0.540%Arcus165.58+0.540%Injective165.77+0.656%
QFEX
Bybit
Arcus
InjectiveMSTR on 31 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| ApeX Omni MSTRUSDT | −0.435% | +0.0100% | 1h | $4K | $1.4M | 50x | as long as short |
| Coinbase International MSTR-PERP-INTX | −0.417% | +0.0112% | 1h | $1.4M | $1.1M | 10x | as long as short |
| Ondo Perps MSTR-USD.P | −0.320% | +0.0050% | 1h | $774K | $4.7M | 10x | as long as short |
| edgeX MSTRUSDC | −0.314% | +0.0134% | 4h | $43K | $5.2M | 10x | as long as short |
| BloFin MSTR-USDT | −0.218% | +0.0307% | 8h | $1.1M | $1.6M | 20x | as long as short |
| Nado MSTR-PERP | −0.207% | +0.0052% | 1h | $123K | $240K | 3x | as long as short |
| Phemex MSTRUSDT | −0.187% | 0.0000% | 4h | $2.8M | $44K | 10x | as long as short |
| Phoenix MSTR | −0.166% | +0.0215% | 1h | $54K | $388K | 10x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | −0.157% | +0.0100% | 8h | $3K | $12K | 10x | as long as short |
| SoDEX MSTR-USD | −0.157% | +0.0050% | 1h | $43K | $3K | 10x | as long as short |
Show all 31 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Aevo MSTR-PERP | −0.137% | +0.0104% | 1h | $137 | — | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | −0.127% | +0.0719% | 1h | $281K | $487K | 10x | as long as short |
| Aster MSTRUSDT | −0.090% | +0.0174% | 8h | $1.3M | $6.1M | 50x | as long as short |
| Extended MSTR_24_5-USD | −0.021% | +0.0032% | 1h | $574K | $2.1M | 10x | as long as short |
| KuCoin MSTRUSDTM | −0.018% | +0.0100% | 8h | $2.6M | $2.7M | 20x | as long as short |
| tradeXYZ xyz:MSTRlong | 0.000% | +0.0129% | 1h | $55.8M | $33.2M | 10x | |
| Vest MSTR-USD-PERP | +0.012% | +0.0046% | 1h | — | $1.8M | 25x | as long as short |
| Pacifica MSTR | +0.040% | +0.0100% | 1h | $101K | $153K | 10x | as long as short |
| Variational Omni MSTR | +0.045% | +0.0133% | 8h | $1.2M | $2.3M | — | as long as short |
| Gate MSTR_USDT | +0.054% | 0.0000% | 8h | $4.8M | $18.9M | 50x | as long as short |
| Paradex MSTR-USD-PERP | +0.058% | +0.0100% | 8h | $66 | — | 5x | as long as short |
| Lighter MSTR | +0.067% | +0.0032% | 1h | $3.5M | $2.6M | 10x | as long as short |
| Bitget MSTRUSDT | +0.067% | +0.0241% | 8h | $28.4M | $112.8M | 25x | as long as short |
| Polymarket Perps MSTR-USD | +0.067% | +0.0050% | 1h | $405K | $2.3M | 10x | as long as short |
| OKX MSTR-USDT-SWAP | +0.073% | +0.0155% | 8h | $22.0M | $102.1M | 50x | as long as short |
| Binance MSTRUSDT | +0.085% | +0.0190% | 8h | $88.4M | $592.3M | 50x | as long as short |
| RISEx MSTR/USDCshort | +0.097% | +0.0017% | 1h | $285K | $464K | 10x | |
| QFEX MSTR-USD | +0.097% | +0.0041% | 1h | $1.4M | $9.6M | 10x | as long as short |
| Bybit MSTRUSDT | +0.103% | +0.0281% | 8h | $15.4M | $42.1M | 50x | as long as short |
| Arcus MSTR-USD | +0.103% | +0.0599% | 1h | $27K | $119K | 10x | as long as short |
| Injective MSTR/USDC PERP | +0.218% | +0.0249% | 1h | $12K | $68K | 30x | as long as short |