data as of
Settings8H · net · $10k
Price arb /

BTC

all BTC markets
SwapFunding view
Alert
After costs, if the gap returns to its 7d average, $10k+$11
spread now+0.312%7d average−0.005%fees + slippage, in and out−$20spread needed0.205%
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni BTCUSDT85,112.6−0.0168get 0.0021% / 1h48m 07s$137.2M$315.7M100x
ShortBinance BTCUSDT85,378.30.0095get 0.0095% / 8h1h 48m$9.52B$19.45B150x

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
$31.21
Funding while held
$7.9
Slippage, 4 orders
−$0.46
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Binance: 5 bp × 2 orders
−$10
Net
$18.66
Spread needed to break even
0.205%
Slippage from ApeX Omni: live order book, 3 min ago; Binance: live order book, 13 min ago.

Cost of waiting

funding view
Funding /8h
+0.0263%
Per $10,000 a day
+$7.90
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 ApeX Omni live order book, 3 min ago0.22 bp5.2 bp −$55.2 bp −$5210.2 bp −$1,01840.2 bp −$20.1K
Sell Binance live order book, 13 min ago0.01 bp5.0 bp −$55.0 bp −$505.0 bp −$5015.5 bp −$2,750

BTC price on every exchange

against the cheapest. Click to use as the short leg.

BTC on 55 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Bluefin BTC-PERP−0.670%−0.2056%1h$141K$399K40xas long as short
edgeX BTCUSDC−0.022%−0.0106%4h$281.8M$791.6M100xas long as short
ApeX Omni BTCUSDTlong0.000%−0.0168%1h$137.2M$315.7M100x
Phoenix BTC+0.033%+0.0015%1h$1.6M$10.8M40xas long as short
Variational Omni BTC+0.058%+0.0100%8h$171.1M$466.0Mas long as short
Hibachi BTC/USDT-P+0.141%+0.0192%1h$631K$7.6M30xas long as short
StandX BTC-USD+0.165%+0.0100%1h$30.5M$246.9M40xas long as short
Injective BTC/USDC PERP+0.168%+0.0180%1h$306K$27.0M52xas long as short
Aftermath Perps BTCUSD+0.173%−0.0052%1h$83K$140K20xas long as short
Hotstuff BTC-PERP+0.174%−0.0080%1h$8K$3K50xas long as short
Show all 55 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
dYdX BTC-USD+0.190%0.0000%1h$16.1M$13.8M50xas long as short
BloFin BTC-USDT+0.220%+0.0214%8h$422.9M$478.6M150xas long as short
Arcus BTC-USD+0.238%+0.0100%1h$6.1M$77.2M40xas long as short
Pacifica BTC+0.243%+0.0100%1h$36.7M$312.3M50xas long as short
Katana Perps BTC-USD+0.245%+0.0100%8h$207K$4.9M50xas long as short
Kalshi KXBTCPERP+0.247%+0.0101%8h$8.3M$496.1M6.4xas long as short
Derive BTC-PERP+0.268%−0.0031%1h$27.9M$54.7M15xas long as short
Paradex BTC-USD-PERP+0.269%+0.0084%8h$4.3M$6.5M50xas long as short
Ondo Perps BTC-USD.P+0.271%+0.0100%1h$3.9M$15.6M25xas long as short
OKX BTC-USDT-SWAP+0.284%+0.0057%8h$2.56B$10.65B100xas long as short
BingX BTC-USDC+0.284%−0.0011%8h$14.4Mas long as short
Bitget BTCUSDT+0.285%−0.0011%8h$2.96B$4.27B150xas long as short
Extended BTC-USD+0.286%+0.0104%1h$47.0M$199.6M50xas long as short
Bybit BTCUSDT+0.292%+0.0100%8h$5.04B$7.78B150xas long as short
RISEx BTC/USDC+0.302%+0.0178%1h$8.6M$36.6M25xas long as short
MEXC BTC_USDT+0.303%+0.0094%8h$4.91B$4.63B500xas long as short
Backpack BTC_USDC_PERP+0.304%+0.0100%1h$38.9M$101.2M75xas long as short
Aevo BTC-PERP+0.306%+0.0096%1h$2.4M$1.7M20xas long as short
01 Exchange BTCUSD+0.308%−0.0040%1h$280K$2.3M50xas long as short
Orderly PERP_BTC_USDC+0.310%+0.0100%8h$2.3M$6.7M100xas long as short
Binance BTCUSDTshort+0.312%+0.0095%8h$9.52B$19.45B150x
Gate BTC_USDT+0.316%−0.0017%8h$6.02B$8.46B200xas long as short
Popdex BTCUSDT+0.319%+0.0096%1h$8.4M$40.3M100xas long as short
Perpl BTC+0.320%−0.0447%43m$431K$31.4M6.7xas long as short
Phemex BTCUSDT+0.321%−0.0019%8h$158.2M$371.6M150xas long as short
SunX BTC-USDT+0.323%+0.0100%8h$3.3M$5.3M100xas long as short
HTX BTC-USDT+0.324%+0.0028%8h$2.29B$778.3M200xas long as short
SoDEX BTC-USD+0.326%+0.0082%1h$61.2M$234.5M40xas long as short
KuCoin XBTUSDTM+0.328%+0.0067%8h$802.5M$575.6M125xas long as short
Lighter BTC+0.330%+0.0096%1h$181.7M$847.6M50xas long as short
Jupiter Perps WBTC-PERP+0.330%L +0.0104% / S +0.0048%1h$85.5M500xas long as short
Aster BTCUSDT+0.332%+0.0040%8h$487.6M$993.8M200xas long as short
gTrade (Gains Network) BTC/USD+0.334%L +0.0004% / S −0.0004%1h$36.5M200xas long as short
Bullet BTC-USD+0.335%+0.0100%1h$249K$3.3M20xas long as short
Lighter RH BTC+0.336%+0.0096%1h$25.4M$131.2M50xas long as short
GMX BTC/USD [WBTC.b-USDC]+0.337%L +0.0197% / S −0.0209%1h$13.1M200xas long as short
Reya BTCRUSDPERP+0.338%−0.0034%1h$6.8M$136.3M40xas long as short
Vest BTC-PERP+0.346%+0.0100%1h$13.1M50xas long as short
Nado BTC-PERP+0.352%+0.0100%1h$23.7M$220.8M50xas long as short
Kraken Futures PF_XBTUSD+0.354%+0.0042%1h$186.4M$747.0M100xas long as short
Polymarket Perps BTC-USD+0.356%+0.0100%1h$10.8M$10.5M50xas long as short
Coinbase International BTC-PERP-INTX+0.373%+0.0112%1h$143.6M$6.11B50xas long as short
Deribit BTC-PERPETUAL+0.407%+0.0428%1h$849.3M$921.1M50xas long as short
Bulk BTC-USD+0.412%+0.0100%1h$534.4M$59.0M40xas long as short
Hyperliquid BTC+0.429%+0.0124%1h$3.85B$4.08B40xas long as short