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.

After costs, if the gap returns to its 7d average, $10k+$9
spread now+0.296%7d average+0.054%fees + slippage, in and out−$15spread needed0.154%
Long on AsterShort on Phoenix
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster BTCUSDT85,2380.0042pay 0.0042% / 8h1h 54m$486.1M$970.3M200x
ShortPhoenix BTC85,4900.0015get 0.0002% / 1h54m 44s$1.6M$10.8M40x

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
$29.56
Funding while held
−$0.82
Slippage, 4 orders
−$0.44
Fee Aster: 4 bp × 2 orders
−$8
Fee Phoenix: 3.5 bp × 2 orders
−$7
Net
$13.3
Spread needed to break even
0.154%
Slippage from Aster: live order book, 6 min ago; Phoenix: live order book, 6 min ago.

Cost of waiting

funding view
Funding /8h
−0.0027%
Per $10,000 a day
−$0.82
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 Aster live order book, 6 min ago0.01 bp4.0 bp −$44.0 bp −$404.1 bp −$4075.9 bp −$2,939
Sell Phoenix live order book, 6 min ago0.06 bp3.7 bp −$45.7 bp −$5711.4 bp −$1,142300.0 bp −$150.0K

BTC price on every exchange

against the cheapest. Click to use as the short leg.
Extended85,208.9cheapestMEXC85,229.9+0.025%BingX85,234.4+0.030%
Aster85,238+0.034%
Aevo85,245.3+0.043%Lighter RH85,245.4+0.043%OKX85,247.6+0.045%Derive85,248.8+0.047%KuCoin85,250.3+0.049%Gate85,253+0.052%Bullet85,255.7+0.055%Lighter85,259.4+0.059%Bitget85,260.1+0.060%Orderly85,263.1+0.064%Arcus85,265.1+0.066%BloFin85,269.2+0.071%Paradex85,270.6+0.072%SunX85,272.5+0.075%GMX85,272.8+0.075%Binance85,273.5+0.076%Bybit85,274.7+0.077%gTrade (Gains Network)85,276.3+0.079%Katana Perps85,278+0.081%Bluefin85,281.8+0.086%Phemex85,282.2+0.086%Nado85,283.8+0.088%Backpack85,285.3+0.090%SoDEX85,287+0.092%HTX85,288.5+0.093%Kraken Futures85,292.2+0.098%Perpl85,293.6+0.099%Reya85,295.7+0.102%dYdX85,297.3+0.104%Popdex85,300+0.107%01 Exchange85,303.9+0.112%Ondo Perps85,304+0.112%Polymarket Perps85,306+0.114%Jupiter Perps85,307.4+0.116%RISEx85,313+0.122%Coinbase International85,314.6+0.124%Pacifica85,318.2+0.128%Kalshi85,323+0.134%Hyperliquid85,350+0.166%Deribit85,358.2+0.175%Vest85,375.4+0.195%edgeX85,385.5+0.207%Hotstuff85,393+0.216%Aftermath Perps85,421.7+0.250%Injective85,432+0.262%Variational Omni85,434.7+0.265%ApeX Omni85,442.6+0.274%StandX85,445+0.277%Bulk85,463.5+0.299%Hibachi85,478+0.316%
Phoenix85,490+0.330%

BTC on 55 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Extended BTC-USD−0.034%+0.0104%1h$47.1M$198.9M50xas long as short
MEXC BTC_USDT−0.010%+0.0098%8h$4.95B$4.58B500xas long as short
BingX BTC-USDC−0.004%−0.0012%8h—$14.4M—as long as short
Aster BTCUSDTlong0.000%+0.0042%8h$486.1M$970.3M200x
Aevo BTC-PERP+0.009%+0.0096%1h$2.4M$1.7M20xas long as short
Lighter RH BTC+0.009%+0.0096%1h$25.2M$129.6M50xas long as short
OKX BTC-USDT-SWAP+0.011%+0.0060%8h$2.56B$10.55B100xas long as short
Derive BTC-PERP+0.013%+0.0082%1h$27.8M$55.0M15xas long as short
KuCoin XBTUSDTM+0.014%+0.0068%8h$798.4M$580.3M125xas long as short
Gate BTC_USDT+0.018%−0.0020%8h$6.01B$8.35B200xas long as short
Show all 55 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Bullet BTC-USD+0.021%+0.0100%1h$248K$3.3M20xas long as short
Lighter BTC+0.025%+0.0080%1h$182.4M$840.1M50xas long as short
Bitget BTCUSDT+0.026%−0.0011%8h$2.95B$4.23B150xas long as short
Orderly PERP_BTC_USDC+0.029%+0.0100%8h$2.3M$6.6M100xas long as short
Arcus BTC-USD+0.032%+0.0100%1h$6.1M$76.8M40xas long as short
BloFin BTC-USDT+0.037%+0.0218%8h$420.5M$475.5M150xas long as short
Paradex BTC-USD-PERP+0.038%+0.0088%8h$4.3M$6.6M50xas long as short
SunX BTC-USDT+0.040%+0.0100%8h$3.3M$5.3M100xas long as short
GMX BTC/USD [WBTC.b-USDC]+0.041%L +0.0195% / S −0.0202%1h$12.9M—200xas long as short
Binance BTCUSDT+0.042%+0.0097%8h$9.50B$19.24B150xas long as short
Bybit BTCUSDT+0.043%+0.0100%8h$5.04B$7.75B150xas long as short
gTrade (Gains Network) BTC/USD+0.045%L +0.0004% / S −0.0004%1h$36.4M—200xas long as short
Katana Perps BTC-USD+0.047%+0.0100%8h$198K$4.8M50xas long as short
Bluefin BTC-PERP+0.051%+0.0100%1h$142K$399K40xas long as short
Phemex BTCUSDT+0.052%−0.0026%8h$159.5M$369.7M150xas long as short
Nado BTC-PERP+0.054%+0.0096%1h$24.1M$219.9M50xas long as short
Backpack BTC_USDC_PERP+0.055%+0.0100%1h$39.3M$100.7M75xas long as short
SoDEX BTC-USD+0.057%+0.0024%1h$61.1M$234.4M40xas long as short
HTX BTC-USDT+0.059%+0.0021%8h$2.28B$772.8M200xas long as short
Kraken Futures PF_XBTUSD+0.064%+0.0042%1h$186.0M$742.1M100xas long as short
Perpl BTC+0.065%−0.0447%43m$425K$31.6M6.7xas long as short
Reya BTCRUSDPERP+0.068%−0.0036%1h$6.8M$135.2M40xas long as short
dYdX BTC-USD+0.070%0.0000%1h$16.0M$13.7M50xas long as short
Popdex BTCUSDT+0.073%+0.0088%1h$8.4M$39.8M100xas long as short
01 Exchange BTCUSD+0.077%−0.0024%1h$279K$2.3M50xas long as short
Ondo Perps BTC-USD.P+0.077%+0.0100%1h$3.9M$15.5M25xas long as short
Polymarket Perps BTC-USD+0.080%+0.0100%1h$10.8M$10.4M50xas long as short
Jupiter Perps WBTC-PERP+0.081%L +0.0104% / S +0.0048%1h—$84.9M500xas long as short
RISEx BTC/USDC+0.088%+0.0178%1h$8.5M$36.4M25xas long as short
Coinbase International BTC-PERP-INTX+0.090%+0.0112%1h$141.8M$6.07B50xas long as short
Pacifica BTC+0.094%+0.0100%1h$36.3M$310.2M50xas long as short
Kalshi KXBTCPERP+0.100%0.0000%8h$8.2M$489.1M6.4xas long as short
Hyperliquid BTC+0.131%+0.0155%1h$3.82B$4.02B40xas long as short
Deribit BTC-PERPETUAL+0.141%+0.0443%1h$845.6M$910.4M50xas long as short
Vest BTC-PERP+0.161%+0.0100%1h—$13.1M50xas long as short
edgeX BTCUSDC+0.173%−0.0092%4h$282.8M$781.6M100xas long as short
Hotstuff BTC-PERP+0.182%−0.0080%1h$8K$3K50xas long as short
Aftermath Perps BTCUSD+0.216%−0.0037%1h$85K$137K20xas long as short
Injective BTC/USDC PERP+0.228%+0.0180%1h$307K$27.0M52xas long as short
Variational Omni BTC+0.231%+0.0100%8h$172.6M$465.7M—as long as short
ApeX Omni BTCUSDT+0.240%+0.0100%1h$137.7M$315.4M100xas long as short
StandX BTC-USD+0.243%+0.0100%1h$30.5M$246.8M40xas long as short
Bulk BTC-USD+0.265%+0.0100%1h$534.4M$59.0M40xas long as short
Hibachi BTC/USDT-P+0.282%+0.0240%1h$608K$7.5M30xas long as short
Phoenix BTCshort+0.296%+0.0015%1h$1.6M$10.8M40x