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−$46
spread now−0.256%7d average+0.029%fees + slippage, in and out−$17spread needed0.171%
Long on BackpackShort on Bulk
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBackpack BTC_USDC_PERP86,007.70.0100pay 0.0013% / 1h7m 01s$40.3M$101.0M75x
ShortBulk BTC-USD85,787.30.0100get 0.0013% / 1h7m 01s$538.1M$61.1M40x

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
−$25.63
Funding while held
$0
Slippage, 4 orders
−$0.07
Fee Backpack: 5 bp × 2 orders
−$10
Fee Bulk: 3.5 bp × 2 orders
−$7
Net
−$42.7
Spread needed to break even
0.171%
Slippage from Backpack: live order book, 4 min ago; Bulk: live order book, 4 min ago.

Cost of waiting

funding view
Funding /8h
0.0000%
Per $10,000 a day
+$0.00
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 Backpack live order book, 4 min ago0.01 bp5.0 bp −$55.0 bp −$509.1 bp −$907doesn't fit
Sell Bulk live order book, 4 min ago0.03 bp3.5 bp −$43.5 bp −$354.6 bp −$4595.9 bp −$2,931

BTC price on every exchange

against the cheapest. Click to use as the short leg.
Bulk85,787.3cheapest
Variational Omni85,843.5+0.066%Aftermath Perps85,892.7+0.123%ApeX Omni85,900.7+0.132%Hotstuff85,921+0.156%edgeX85,921.6+0.157%Katana Perps85,967+0.209%01 Exchange85,978.7+0.223%Jupiter Perps85,981+0.226%Reya85,983.3+0.228%Orderly85,984.5+0.230%Paradex85,986.4+0.232%Popdex85,987+0.233%Arcus85,989.3+0.235%Nado85,991.3+0.238%Pacifica85,994.5+0.242%Perpl85,995.8+0.243%Ondo Perps85,996+0.243%BloFin85,996.6+0.244%Bullet85,997+0.244%HTX85,998.2+0.246%Phemex86,000.2+0.248%Polymarket Perps86,001+0.249%Aevo86,002.7+0.251%RISEx86,002.8+0.251%
Backpack86,007.7+0.257%
Phoenix86,009+0.258%GMX86,009.6+0.259%Lighter RH86,010.7+0.260%gTrade (Gains Network)86,011.3+0.261%Lighter86,011.9+0.262%Gate86,015.9+0.267%StandX86,016+0.267%SunX86,018+0.269%Bluefin86,019.3+0.270%dYdX86,020.4+0.272%OKX86,021+0.272%Derive86,022.2+0.274%KuCoin86,024+0.276%SoDEX86,024+0.276%Bybit86,026.6+0.279%Kalshi86,027+0.279%Kraken Futures86,035.5+0.289%Extended86,050.7+0.307%Vest86,057+0.314%Aster86,058.2+0.316%Coinbase International86,065+0.324%BingX86,067.2+0.326%MEXC86,076.3+0.337%Bitget86,076.9+0.338%Hibachi86,078+0.339%Binance86,080.4+0.342%Injective86,087+0.349%Deribit86,093.2+0.357%Hyperliquid86,119.5+0.387%

BTC on 55 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Bulk BTC-USDshort−0.256%+0.0100%1h$538.1M$61.1M40x
Variational Omni BTC−0.191%+0.0100%8h$170.7M$477.0M—as long as short
Aftermath Perps BTCUSD−0.134%−0.0088%1h$87K$145K20xas long as short
ApeX Omni BTCUSDT−0.124%0.0000%1h$138.7M$317.0M100xas long as short
Hotstuff BTC-PERP−0.101%−0.0080%1h$8K$3K50xas long as short
edgeX BTCUSDC−0.100%−0.0117%4h$282.4M$832.6M100xas long as short
Katana Perps BTC-USD−0.047%+0.0100%8h$192K$5.2M50xas long as short
01 Exchange BTCUSD−0.034%−0.0112%1h$278K$2.3M50xas long as short
Jupiter Perps WBTC-PERP−0.031%L +0.0104% / S +0.0048%1h—$88.7M500xas long as short
Reya BTCRUSDPERP−0.028%−0.0027%1h$6.7M$137.4M40xas long as short
Show all 55 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Orderly PERP_BTC_USDC−0.027%+0.0100%8h$2.4M$7.1M100xas long as short
Paradex BTC-USD-PERP−0.025%+0.0079%8h$4.4M$6.5M50xas long as short
Popdex BTCUSDT−0.024%+0.0080%1h$8.5M$42.9M100xas long as short
Arcus BTC-USD−0.021%+0.0100%1h$5.5M$80.1M40xas long as short
Nado BTC-PERP−0.019%+0.0091%1h$23.5M$229.6M50xas long as short
Pacifica BTC−0.015%+0.0100%1h$36.5M$331.3M50xas long as short
Perpl BTC−0.014%−0.0223%43m$436K$30.6M6.7xas long as short
Ondo Perps BTC-USD.P−0.014%+0.0100%1h$3.9M$15.9M25xas long as short
BloFin BTC-USDT−0.013%+0.0203%8h$426.0M$507.3M150xas long as short
Bullet BTC-USD−0.012%+0.0074%1h$246K$3.3M20xas long as short
HTX BTC-USDT−0.011%+0.0048%8h$2.30B$807.7M200xas long as short
Phemex BTCUSDT−0.009%−0.0025%8h$157.6M$387.0M150xas long as short
Polymarket Perps BTC-USD−0.008%+0.0100%1h$10.9M$11.1M50xas long as short
Aevo BTC-PERP−0.006%+0.0080%1h$2.4M$1.6M20xas long as short
RISEx BTC/USDC−0.006%+0.0178%1h$8.8M$38.3M25xas long as short
Backpack BTC_USDC_PERPlong0.000%+0.0100%1h$40.3M$101.0M75x
Phoenix BTC+0.002%+0.0015%1h$1.6M$10.8M40xas long as short
GMX BTC/USD [WBTC.b-USDC]+0.002%L +0.0198% / S −0.0177%1h$12.5M—200xas long as short
Lighter RH BTC+0.003%+0.0096%1h$25.2M$138.2M50xas long as short
gTrade (Gains Network) BTC/USD+0.004%L +0.0005% / S −0.0004%1h$36.9M—200xas long as short
Lighter BTC+0.005%+0.0096%1h$179.8M$899.2M50xas long as short
Gate BTC_USDT+0.010%−0.0009%8h$6.12B$9.05B200xas long as short
StandX BTC-USD+0.010%+0.0100%1h$30.8M$241.7M40xas long as short
SunX BTC-USDT+0.012%+0.0100%8h$3.3M$5.6M100xas long as short
Bluefin BTC-PERP+0.013%−0.0046%1h$143K$403K40xas long as short
dYdX BTC-USD+0.015%−0.0009%1h$16.8M$16.3M50xas long as short
OKX BTC-USDT-SWAP+0.015%+0.0039%8h$2.59B$11.21B100xas long as short
Derive BTC-PERP+0.017%+0.0100%1h$29.7M$57.4M15xas long as short
KuCoin XBTUSDTM+0.019%+0.0054%8h$787.1M$601.1M125xas long as short
SoDEX BTC-USD+0.019%+0.0010%1h$61.3M$259.1M40xas long as short
Bybit BTCUSDT+0.022%+0.0100%8h$5.15B$8.24B150xas long as short
Kalshi KXBTCPERP+0.022%0.0000%8h$9.5M$536.1M6.4xas long as short
Kraken Futures PF_XBTUSD+0.032%+0.0042%1h$185.7M$789.6M100xas long as short
Extended BTC-USD+0.050%+0.0104%1h$48.1M$205.8M50xas long as short
Vest BTC-PERP+0.057%+0.0100%1h—$13.3M50xas long as short
Aster BTCUSDT+0.059%+0.0044%8h$488.4M$1.08B200xas long as short
Coinbase International BTC-PERP-INTX+0.067%+0.0112%1h$148.1M$6.26B50xas long as short
BingX BTC-USDC+0.069%−0.0010%8h—$14.6M—as long as short
MEXC BTC_USDT+0.080%+0.0082%8h$4.99B$4.92B500xas long as short
Bitget BTCUSDT+0.080%−0.0010%8h$2.96B$4.50B150xas long as short
Hibachi BTC/USDT-P+0.082%+0.0056%1h$618K$7.2M30xas long as short
Binance BTCUSDT+0.085%+0.0083%8h$9.59B$20.71B150xas long as short
Injective BTC/USDC PERP+0.092%+0.0180%1h$304K$27.0M52xas long as short
Deribit BTC-PERPETUAL+0.099%+0.0420%1h$870.2M$998.3M50xas long as short
Hyperliquid BTC+0.130%+0.0158%1h$3.89B$4.24B40xas long as short