After costs, if the gap returns to its 7d average, $10k−$15
spread now−0.006%7d average−0.031%fees + slippage, in and out−$18spread needed0.179%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Arcus BTC-USD | 85,760.9 | −0.0377 | get 0.0047% / 1h | 11m 16s | $6.9M | $85.3M | 40x |
| Short | KuCoin XBTUSDTM | 85,756.1 | −0.0004 | pay 0.0004% / 8h | 6h 11m | $804.6M | $617.9M | 125x |
Price 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
- −$0.56
- Funding while held
- $11.18
- Slippage, 4 orders
- −$1.43
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$7.31
- Spread needed to break even
- 0.179%
Slippage from Arcus: live order book, 4 min ago; KuCoin: live order book, 4 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0373%
- Per $10,000 a day
- +$11.18
- 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 Arcus live order book, 4 min ago | 0.01 bp | 2.3 bp −$2 | 2.3 bp −$23 | 3.6 bp −$361 | doesn't fit |
| Sell KuCoin live order book, 4 min ago | 0.01 bp | 6.0 bp −$6 | 6.7 bp −$67 | 8.4 bp −$845 | doesn't fit |
BTC price on every exchange
against the cheapest. Click to use as the short leg.BTC on 55 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Extended BTC-USD | −0.011% | +0.0048% | 1h | $48.8M | $199.9M | 50x | as long as short |
| SoDEX BTC-USD | −0.010% | −0.0003% | 1h | $60.8M | $284.3M | 40x | as long as short |
| Bitget BTCUSDT | −0.008% | −0.0004% | 8h | $2.95B | $4.68B | 150x | as long as short |
| KuCoin XBTUSDTMshort | −0.006% | −0.0004% | 8h | $804.6M | $617.9M | 125x | |
| BingX BTC-USDT | −0.005% | −0.0003% | 8h | — | $1.37B | — | as long as short |
| MEXC BTC_USDT | −0.005% | +0.0022% | 8h | $5.17B | $5.17B | 500x | as long as short |
| Binance BTCUSDT | −0.004% | +0.0023% | 8h | $9.46B | $22.08B | 150x | as long as short |
| OKX BTC-USDT-SWAP | −0.003% | +0.0016% | 8h | $2.66B | $11.53B | 100x | as long as short |
| Bybit BTCUSDT | −0.003% | +0.0014% | 8h | $5.25B | $8.60B | 150x | as long as short |
| Gate BTC_USDT | −0.003% | −0.0002% | 8h | $6.06B | $9.59B | 200x | as long as short |
Show all 55 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Arcus BTC-USDlong | 0.000% | −0.0377% | 1h | $6.9M | $85.3M | 40x | |
| Bullet BTC-USD | +0.002% | +0.0100% | 1h | $237K | $3.3M | 20x | as long as short |
| Aevo BTC-PERP | +0.002% | +0.0024% | 1h | $2.4M | $1.3M | 20x | as long as short |
| Reya BTCRUSDPERP | +0.004% | −0.0017% | 1h | $6.7M | $138.2M | 40x | as long as short |
| Derive BTC-PERP | +0.011% | +0.0100% | 1h | $30.4M | $59.0M | 15x | as long as short |
| Orderly PERP_BTC_USDC | +0.013% | +0.0100% | 8h | $2.4M | $7.4M | 100x | as long as short |
| Aster BTCUSDT | +0.014% | +0.0010% | 8h | $504.2M | $1.10B | 200x | as long as short |
| Popdex BTCUSDT | +0.019% | +0.0048% | 1h | $8.5M | $46.5M | 100x | as long as short |
| Polymarket Perps BTC-USD | +0.021% | +0.0100% | 1h | $11.0M | $11.7M | 50x | as long as short |
| Nado BTC-PERP | +0.028% | +0.0100% | 1h | $23.4M | $227.3M | 50x | as long as short |
| SunX BTC-USDT | +0.028% | +0.0100% | 8h | $3.4M | $5.8M | 100x | as long as short |
| Katana Perps BTC-USD | +0.028% | +0.0100% | 8h | $191K | $5.8M | 50x | as long as short |
| Ondo Perps BTC-USD.P | +0.029% | +0.0100% | 1h | $3.9M | $16.8M | 25x | as long as short |
| ApeX Omni BTCUSDT | +0.030% | −0.0092% | 1h | $139.0M | $319.5M | 100x | as long as short |
| StandX BTC-USD | +0.035% | +0.0068% | 1h | $30.6M | $219.7M | 40x | as long as short |
| Perpl BTC | +0.040% | −0.0447% | 43m | $388K | $26.5M | 6.7x | as long as short |
| Jupiter Perps WBTC-PERP | +0.041% | L +0.0104% / S +0.0048% | 1h | — | $84.8M | 500x | as long as short |
| gTrade (Gains Network) BTC/USD | +0.041% | L +0.0005% / S −0.0004% | 1h | $36.7M | — | 200x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | +0.044% | L +0.0172% / S −0.0153% | 1h | $12.7M | — | 200x | as long as short |
| BloFin BTC-USDT | +0.046% | −0.0097% | 8h | $422.9M | $566.2M | 150x | as long as short |
| Lighter BTC | +0.049% | +0.0096% | 1h | $172.1M | $947.6M | 50x | as long as short |
| 01 Exchange BTCUSD | +0.049% | −0.0048% | 1h | $309K | $2.4M | 50x | as long as short |
| HTX BTC-USDT | +0.054% | +0.0087% | 8h | $2.28B | $835.6M | 200x | as long as short |
| Kraken Futures PF_XBTUSD | +0.057% | −0.0073% | 1h | $190.1M | $810.8M | 100x | as long as short |
| Phoenix BTC | +0.061% | −0.0096% | 1h | $1.9M | $11.0M | 40x | as long as short |
| Lighter RH BTC | +0.063% | +0.0096% | 1h | $24.5M | $138.0M | 50x | as long as short |
| Pacifica BTC | +0.066% | +0.0100% | 1h | $36.8M | $400.4M | 50x | as long as short |
| RISEx BTC/USDC | +0.069% | +0.0040% | 1h | $9.1M | $38.6M | 25x | as long as short |
| Phemex BTCUSDT | +0.072% | +0.0019% | 8h | $147.8M | $418.2M | 150x | as long as short |
| Hotstuff BTC-PERP | +0.076% | −0.0080% | 1h | $9K | $4K | 50x | as long as short |
| Deribit BTC-PERPETUAL | +0.077% | +0.0089% | 1h | $914.8M | $1.10B | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.079% | +0.0097% | 8h | $4.4M | $6.9M | 50x | as long as short |
| Vest BTC-PERP | +0.084% | +0.0100% | 1h | — | $11.5M | 50x | as long as short |
| Backpack BTC_USDC_PERP | +0.086% | +0.0100% | 1h | $37.1M | $127.3M | 75x | as long as short |
| dYdX BTC-USD | +0.089% | −0.0021% | 1h | $17.1M | $18.1M | 50x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.095% | +0.0184% | 1h | $129.0M | $5.87B | 50x | as long as short |
| Hibachi BTC/USDT-P | +0.098% | +0.0112% | 1h | $753K | $6.9M | 30x | as long as short |
| Bluefin BTC-PERP | +0.101% | −0.1146% | 1h | $143K | $410K | 40x | as long as short |
| Kalshi KXBTCPERP | +0.105% | +0.0105% | 8h | $13.1M | $641.4M | 6.4x | as long as short |
| Bulk BTC-USD | +0.110% | −0.0012% | 1h | $561.5M | $139.4M | 40x | as long as short |
| Hyperliquid BTC | +0.111% | +0.0155% | 1h | $3.92B | $4.41B | 40x | as long as short |
| Aftermath Perps BTCUSD | +0.137% | +0.0058% | 1h | $86K | $153K | 20x | as long as short |
| edgeX BTCUSDC | +0.139% | +0.0100% | 4h | $280.3M | $881.5M | 100x | as long as short |
| Variational Omni BTC | +0.171% | +0.0063% | 8h | $171.7M | $506.9M | — | as long as short |
| Injective BTC/USDC PERP | +0.244% | −0.0019% | 1h | $308K | $27.0M | 52x | as long as short |
KuCoin XBTUSDTM
Extended
SoDEX
Bitget
BingX
MEXC
Binance
OKX
Bybit
Gate
Bullet
Derive
Aster
Popdex
Polymarket Perps
SunX
Katana Perps
ApeX Omni
StandX
gTrade (Gains Network)
GMX
BloFin
Lighter
HTX
Kraken Futures
Phoenix
Lighter RH
Pacifica
RISEx
Phemex
Deribit
Paradex
Backpack
Coinbase International
Bluefin
Bulk
Hyperliquid
Variational Omni
Injective