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

BTC

all BTC markets
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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)−0.009%
7d average−0.016%if it closes, per $10,000$1funding while held, a day+$1.95
Long on ApeX OmniShort on Variational Omni
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni BTCUSDT85,905.40.0009pay 0.0001% / 1h30m 28s$140.1M$320.3M100x
ShortVariational Omni BTC85,897.90.0074get 0.0074% / 8h5h 30m$170.0M$506.6M—

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
−$0.87
Funding while held
$1.95
Slippage, 4 orders
no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Variational Omni: 0 bp × 2 orders
$0
Net
−$8.92
Spread needed to break even
0.100%
Slippage unknown: ApeX Omni: live order book, 5 min ago; Variational Omni: RFQ quote, 5 min ago. Net counts fees only.

Cost of waiting

funding view
Funding /8h
+0.0065%
Per $10,000 a day
+$1.95
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, 5 min ago0.32 bp5.3 bp −$55.3 bp −$538.3 bp −$83038.6 bp −$19.3K
Sell Variational Omni RFQ quote, 5 min ago0.63 bpdoesn't fit0.6 bp −$60.7 bp −$73doesn't fit

BTC price on every exchange

against the cheapest. Click to use as the short leg.
Bitget85,849cheapestReya85,850.7+0.002%Aster85,858.6+0.011%Binance85,860.2+0.013%Extended85,860.3+0.013%Gate85,860.8+0.014%Ondo Perps85,861+0.014%HTX85,861.3+0.014%Popdex85,862+0.015%KuCoin85,862.1+0.015%MEXC85,865.2+0.019%Arcus85,866.5+0.020%Bybit85,867.9+0.022%Nado85,868+0.022%BingX85,868.3+0.022%Bullet85,868.6+0.023%OKX85,871.9+0.027%Katana Perps85,872+0.027%Polymarket Perps85,874+0.029%Orderly85,874.9+0.030%BloFin85,876.2+0.032%SunX85,879.2+0.035%SoDEX85,882+0.038%Aevo85,882.6+0.039%Lighter85,883.5+0.040%Lighter RH85,889.3+0.047%01 Exchange85,889.6+0.047%Bulk85,890.4+0.048%Pacifica85,890.8+0.049%Phemex85,890.9+0.049%Backpack85,891.4+0.049%Perpl85,893+0.051%RISEx85,895.2+0.054%edgeX85,895.4+0.054%Bluefin85,896.8+0.056%
Variational Omni85,897.9+0.057%
gTrade (Gains Network)85,903+0.063%dYdX85,903.1+0.063%Phoenix85,905+0.065%
ApeX Omni85,905.4+0.066%
Jupiter Perps85,906+0.066%Derive85,906.2+0.067%Paradex85,908.1+0.069%Vest85,909.1+0.070%GMX85,924.7+0.088%Hotstuff85,925+0.089%Hibachi85,925.6+0.089%Kraken Futures85,929.2+0.093%StandX85,930+0.094%Hyperliquid85,940+0.106%Kalshi85,959+0.128%Coinbase International85,959+0.128%Aftermath Perps85,959.3+0.128%Deribit85,963.9+0.134%Injective86,066+0.253%

BTC on 55 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Bitget BTCUSDT−0.066%+0.0002%8h$2.96B$4.68B150xas long as short
Reya BTCRUSDPERP−0.064%−0.0016%1h$6.7M$138.4M40xas long as short
Aster BTCUSDT−0.055%+0.0017%8h$506.1M$1.10B200xas long as short
Binance BTCUSDT−0.053%+0.0031%8h$9.50B$22.12B150xas long as short
Extended BTC-USD−0.053%+0.0088%1h$48.6M$200.5M50xas long as short
Gate BTC_USDT−0.052%+0.0032%8h$6.06B$9.64B200xas long as short
Ondo Perps BTC-USD.P−0.052%+0.0100%1h$4.0M$17.4M25xas long as short
HTX BTC-USDT−0.051%+0.0060%8h$2.29B$848.0M200xas long as short
Popdex BTCUSDT−0.051%+0.0048%1h$8.5M$46.3M100xas long as short
KuCoin XBTUSDTM−0.050%−0.0007%8h$806.6M$620.7M125xas long as short
Show all 55 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
MEXC BTC_USDT−0.047%+0.0030%8h$5.15B$5.12B500xas long as short
Arcus BTC-USD−0.045%−0.0299%1h$6.7M$86.2M40xas long as short
Bybit BTCUSDT−0.044%+0.0037%8h$5.28B$8.67B150xas long as short
Nado BTC-PERP−0.044%+0.0100%1h$23.1M$227.0M50xas long as short
BingX BTC-USDC−0.043%+0.0002%8h—$14.4M—as long as short
Bullet BTC-USD−0.043%+0.0100%1h$233K$3.3M20xas long as short
OKX BTC-USDT-SWAP−0.039%+0.0030%8h$2.67B$11.58B100xas long as short
Katana Perps BTC-USD−0.039%+0.0100%8h$192K$5.9M50xas long as short
Polymarket Perps BTC-USD−0.037%+0.0100%1h$10.9M$12.3M50xas long as short
Orderly PERP_BTC_USDC−0.036%+0.0097%8h$2.4M$7.4M100xas long as short
BloFin BTC-USDT−0.034%−0.0089%8h$422.6M$567.5M150xas long as short
SunX BTC-USDT−0.031%+0.0100%8h$3.4M$5.8M100xas long as short
SoDEX BTC-USD−0.027%−0.0008%1h$60.9M$285.3M40xas long as short
Aevo BTC-PERP−0.027%+0.0032%1h$2.4M$1.3M20xas long as short
Lighter BTC−0.026%+0.0096%1h$171.9M$950.2M50xas long as short
Lighter RH BTC−0.019%+0.0096%1h$24.4M$138.1M50xas long as short
01 Exchange BTCUSD−0.018%−0.0048%1h$311K$2.3M50xas long as short
Bulk BTC-USD−0.018%+0.0010%1h$563.2M$127.1M40xas long as short
Pacifica BTC−0.017%+0.0100%1h$36.8M$416.1M50xas long as short
Phemex BTCUSDT−0.017%+0.0017%8h$151.6M$424.5M150xas long as short
Backpack BTC_USDC_PERP−0.016%+0.0100%1h$37.6M$134.6M75xas long as short
Perpl BTC−0.014%−0.0447%43m$403K$26.2M6.7xas long as short
RISEx BTC/USDC−0.012%+0.0031%1h$9.1M$38.8M25xas long as short
edgeX BTCUSDC−0.012%+0.0100%4h$280.7M$885.1M100xas long as short
Bluefin BTC-PERP−0.010%+0.0100%1h$143K$411K40xas long as short
Variational Omni BTCshort−0.009%+0.0074%8h$170.0M$506.6M—
gTrade (Gains Network) BTC/USD−0.003%L +0.0005% / S −0.0004%1h$36.7M—200xas long as short
dYdX BTC-USD−0.003%−0.0001%1h$17.1M$17.7M50xas long as short
Phoenix BTC0.000%−0.0082%1h$2.0M$11.0M40xas long as short
ApeX Omni BTCUSDTlong0.000%+0.0009%1h$140.1M$320.3M100x
Jupiter Perps WBTC-PERP+0.001%L +0.0104% / S +0.0048%1h—$83.7M500xas long as short
Derive BTC-PERP+0.001%+0.0100%1h$30.4M$58.9M15xas long as short
Paradex BTC-USD-PERP+0.003%+0.0099%8h$4.4M$6.9M50xas long as short
Vest BTC-PERP+0.004%+0.0100%1h—$11.5M50xas long as short
GMX BTC/USD [WBTC.b-USDC]+0.022%L +0.0172% / S −0.0153%1h$12.7M—200xas long as short
Hotstuff BTC-PERP+0.023%−0.0080%1h$9K$4K50xas long as short
Hibachi BTC/USDT-P+0.024%+0.0088%1h$753K$6.5M30xas long as short
Kraken Futures PF_XBTUSD+0.028%−0.0019%1h$189.0M$818.1M100xas long as short
StandX BTC-USD+0.029%+0.0100%1h$30.7M$214.5M40xas long as short
Hyperliquid BTC+0.040%+0.0174%1h$3.96B$4.49B40xas long as short
Kalshi KXBTCPERP+0.062%0.0000%8h$11.7M$655.6M6.4xas long as short
Coinbase International BTC-PERP-INTX+0.062%+0.0200%1h$129.9M$5.84B50xas long as short
Aftermath Perps BTCUSD+0.063%+0.0004%1h$87K$157K20xas long as short
Deribit BTC-PERPETUAL+0.068%+0.0190%1h$915.8M$1.11B50xas long as short
Injective BTC/USDC PERP+0.187%−0.0006%1h$309K$27.0M52xas long as short