data as of
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Price arb /

BTC

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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.

Spread before costs (cost unknown: a leg has no order-book sample)+0.014%
7d average+0.001%if it closes, per $10,000$1funding while held, a day+$1.08
Long on AevoShort on Variational Omni
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAevo BTC-PERP86,1040.0064pay 0.0008% / 1h10m 49s$2.4M$1.5M20x
ShortVariational Omni BTC86,116.50.0100get 0.0100% / 8h10m 49s$171.4M$511.1M—

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
$1.44
Funding while held
$1.08
Slippage, 4 orders
no order book: not counted
Fee Aevo: 8 bp × 2 orders
−$16
Fee Variational Omni: 0 bp × 2 orders
$0
Net
−$13.48
Spread needed to break even
0.160%
Slippage unknown: Aevo: live order book, 5 min ago; Variational Omni: RFQ quote, 5 min ago. Net counts fees only.

Cost of waiting

funding view
Funding /8h
+0.0036%
Per $10,000 a day
+$1.08
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 Aevo live order book, 5 min ago4.06 bp12.6 bp −$1314.7 bp −$14723.7 bp −$2,366doesn't fit
Sell Variational Omni RFQ quote, 5 min ago0.50 bpdoesn't fit0.5 bp −$53.7 bp −$371doesn't fit

BTC price on every exchange

against the cheapest. Click to use as the short leg.
Bulk85,908.3cheapestApeX Omni86,000+0.107%Aftermath Perps86,029.2+0.141%edgeX86,031.6+0.144%OKX86,042.6+0.156%Hibachi86,048.8+0.164%StandX86,051.1+0.166%Hotstuff86,052+0.167%Bybit86,059.3+0.176%Phoenix86,061+0.178%MEXC86,082.4+0.203%Arcus86,083.4+0.204%Paradex86,089.3+0.211%Binance86,090+0.212%Bitget86,098.8+0.222%Reya86,100.9+0.224%KuCoin86,102.4+0.226%Nado86,102.6+0.226%SoDEX86,104+0.228%
Aevo86,104+0.228%
Katana Perps86,105+0.229%BloFin86,106.2+0.230%Lighter RH86,106.4+0.231%Extended86,106.6+0.231%Lighter86,107.1+0.231%Perpl86,109.2+0.234%Phemex86,109.8+0.235%Popdex86,110+0.235%Bullet86,113+0.238%HTX86,113+0.238%01 Exchange86,113.7+0.239%Pacifica86,113.8+0.239%Injective86,116+0.242%
Variational Omni86,116.5+0.242%
Backpack86,116.5+0.242%SunX86,118.5+0.245%Orderly86,122.4+0.249%Polymarket Perps86,123+0.250%BingX86,127.7+0.255%Aster86,128.3+0.256%Gate86,128.4+0.256%Ondo Perps86,132+0.260%Derive86,141.3+0.271%GMX86,144.1+0.275%RISEx86,146.1+0.277%gTrade (Gains Network)86,148.7+0.280%Vest86,151.5+0.283%Kraken Futures86,154.7+0.287%Bluefin86,156.2+0.289%Jupiter Perps86,158+0.291%dYdX86,164+0.298%Kalshi86,166+0.300%Coinbase International86,173.9+0.309%Deribit86,189.9+0.328%Hyperliquid86,220+0.363%

BTC on 55 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Bulk BTC-USD−0.227%+0.0100%1h$553.6M$134.9M40xas long as short
ApeX Omni BTCUSDT−0.121%−0.0124%1h$139.2M$318.5M100xas long as short
Aftermath Perps BTCUSD−0.087%−0.0004%1h$86K$154K20xas long as short
edgeX BTCUSDC−0.084%+0.0100%4h$278.7M$876.4M100xas long as short
OKX BTC-USDT-SWAP−0.071%+0.0024%8h$2.66B$11.69B100xas long as short
Hibachi BTC/USDT-P−0.064%+0.0248%1h$698K$7.4M30xas long as short
StandX BTC-USD−0.061%+0.0100%1h$30.6M$230.6M40xas long as short
Hotstuff BTC-PERP−0.060%−0.0080%1h$9K$4K50xas long as short
Bybit BTCUSDT−0.052%+0.0091%8h$5.20B$8.56B150xas long as short
Phoenix BTC−0.050%−0.0086%1h$1.8M$10.8M40xas long as short
Show all 55 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
MEXC BTC_USDT−0.025%+0.0063%8h$5.08B$5.19B500xas long as short
Arcus BTC-USD−0.024%+0.0100%1h$5.7M$85.1M40xas long as short
Paradex BTC-USD-PERP−0.017%+0.0091%8h$4.4M$6.7M50xas long as short
Binance BTCUSDT−0.016%+0.0063%8h$9.54B$21.91B150xas long as short
Bitget BTCUSDT−0.006%−0.0004%8h$2.98B$4.71B150xas long as short
Reya BTCRUSDPERP−0.004%−0.0021%1h$6.8M$137.8M40xas long as short
KuCoin XBTUSDTM−0.002%+0.0030%8h$791.7M$617.4M125xas long as short
Nado BTC-PERP−0.002%+0.0100%1h$23.9M$230.1M50xas long as short
SoDEX BTC-USD0.000%−0.0009%1h$61.1M$283.6M40xas long as short
Aevo BTC-PERPlong0.000%+0.0064%1h$2.4M$1.5M20x
Katana Perps BTC-USD+0.001%+0.0100%8h$192K$5.5M50xas long as short
BloFin BTC-USDT+0.003%−0.0057%8h$431.2M$566.0M150xas long as short
Lighter RH BTC+0.003%+0.0096%1h$24.7M$140.8M50xas long as short
Extended BTC-USD+0.003%+0.0104%1h$48.7M$209.3M50xas long as short
Lighter BTC+0.004%+0.0096%1h$171.5M$940.3M50xas long as short
Perpl BTC+0.006%−0.0112%43m$420K$29.6M6.7xas long as short
Phemex BTCUSDT+0.007%−0.0023%8h$153.6M$407.7M150xas long as short
Popdex BTCUSDT+0.007%+0.0080%1h$8.5M$45.7M100xas long as short
Bullet BTC-USD+0.010%+0.0100%1h$243K$3.3M20xas long as short
HTX BTC-USDT+0.010%+0.0069%8h$2.29B$850.0M200xas long as short
01 Exchange BTCUSD+0.011%−0.0064%1h$292K$2.4M50xas long as short
Pacifica BTC+0.011%+0.0100%1h$37.0M$351.8M50xas long as short
Injective BTC/USDC PERP+0.014%+0.0108%1h$308K$27.0M52xas long as short
Variational Omni BTCshort+0.014%+0.0100%8h$171.4M$511.1M—
Backpack BTC_USDC_PERP+0.014%+0.0100%1h$38.9M$108.6M75xas long as short
SunX BTC-USDT+0.017%+0.0100%8h$3.3M$6.1M100xas long as short
Orderly PERP_BTC_USDC+0.021%+0.0100%8h$2.4M$7.3M100xas long as short
Polymarket Perps BTC-USD+0.022%+0.0100%1h$11.0M$11.8M50xas long as short
BingX BTC-USDC+0.027%−0.0004%8h—$14.9M—as long as short
Aster BTCUSDT+0.028%+0.0044%8h$486.4M$1.12B200xas long as short
Gate BTC_USDT+0.028%−0.0018%8h$6.14B$9.55B200xas long as short
Ondo Perps BTC-USD.P+0.032%+0.0100%1h$3.9M$16.4M25xas long as short
Derive BTC-PERP+0.043%+0.0100%1h$30.3M$59.2M15xas long as short
GMX BTC/USD [WBTC.b-USDC]+0.047%L +0.0198% / S −0.0175%1h$12.6M—200xas long as short
RISEx BTC/USDC+0.049%+0.0128%1h$8.7M$38.8M25xas long as short
gTrade (Gains Network) BTC/USD+0.052%L +0.0005% / S −0.0004%1h$36.9M—200xas long as short
Vest BTC-PERP+0.055%+0.0100%1h—$12.3M50xas long as short
Kraken Futures PF_XBTUSD+0.059%+0.0071%1h$186.6M$820.8M100xas long as short
Bluefin BTC-PERP+0.061%−0.0181%1h$143K$407K40xas long as short
Jupiter Perps WBTC-PERP+0.063%L +0.0104% / S +0.0048%1h—$89.4M500xas long as short
dYdX BTC-USD+0.070%0.0000%1h$17.3M$17.5M50xas long as short
Kalshi KXBTCPERP+0.072%+0.0101%8h$12.1M$579.1M6.4xas long as short
Coinbase International BTC-PERP-INTX+0.081%+0.0104%1h$151.2M$6.25B50xas long as short
Deribit BTC-PERPETUAL+0.100%+0.0246%1h$909.8M$1.11B50xas long as short
Hyperliquid BTC+0.135%+0.0246%1h$3.92B$4.52B40xas long as short