data as of
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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)+0.100%
7d average−0.011%if it closes, per $10,000$10funding while held, a day+$0.54
Long on BinanceShort on Variational Omni
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance BTCUSDT85,991.30.0082pay 0.0082% / 8h1h 04m$9.58B$20.77B150x
ShortVariational Omni BTC86,0770.0100get 0.0100% / 8h1h 04m$172.9M$488.6M—

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
$9.97
Funding while held
$0.54
Slippage, 4 orders
no order book: not counted
Fee Binance: 5 bp × 2 orders
−$10
Fee Variational Omni: 0 bp × 2 orders
$0
Net
$0.51
Spread needed to break even
0.100%
Slippage unknown: Binance: live order book, 11 min ago; Variational Omni: RFQ quote, 1 min ago. Net counts fees only.

Cost of waiting

funding view
Funding /8h
+0.0018%
Per $10,000 a day
+$0.54
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 Binance live order book, 11 min ago0.01 bp5.0 bp −$55.0 bp −$505.5 bp −$5466.9 bp −$3,465
Sell Variational Omni RFQ quote, 1 min ago0.56 bpdoesn't fit0.6 bp −$61.5 bp −$149doesn't fit

BTC price on every exchange

against the cheapest. Click to use as the short leg.
edgeX85,921.6cheapestExtended85,952.5+0.036%Aftermath Perps85,955.5+0.039%Gate85,968.8+0.055%SunX85,974.5+0.062%StandX85,975+0.062%Perpl85,975.1+0.062%Orderly85,975.2+0.062%BingX85,975.8+0.063%Aevo85,977.3+0.065%Bybit85,980.9+0.069%OKX85,981.8+0.070%Reya85,982.5+0.071%MEXC85,983.3+0.072%Ondo Perps85,985+0.074%Bullet85,986+0.075%01 Exchange85,988.9+0.078%Derive85,989.3+0.079%ApeX Omni85,990.3+0.080%Bitget85,990.6+0.080%
Binance85,991.3+0.081%
Nado85,992.4+0.082%Katana Perps85,993+0.083%Popdex85,993+0.083%Backpack85,994.1+0.084%gTrade (Gains Network)85,997.3+0.088%HTX85,998.2+0.089%Aster86,000.1+0.091%GMX86,000.3+0.092%KuCoin86,000.5+0.092%Lighter86,000.6+0.092%Phemex86,000.7+0.092%Polymarket Perps86,002+0.094%Arcus86,002.2+0.094%Phoenix86,009+0.102%Lighter RH86,012.1+0.105%RISEx86,012.8+0.106%Kraken Futures86,022+0.117%Hotstuff86,039+0.137%SoDEX86,042+0.140%Coinbase International86,043.2+0.142%Hibachi86,043.6+0.142%BloFin86,046.5+0.145%Kalshi86,047+0.146%Paradex86,052.9+0.153%Pacifica86,054+0.154%Jupiter Perps86,056.1+0.157%Deribit86,061.9+0.163%Bulk86,064.1+0.166%Vest86,064.3+0.166%dYdX86,065.2+0.167%Bluefin86,066+0.168%
Variational Omni86,077+0.181%
Injective86,087+0.192%Hyperliquid86,091+0.197%

BTC on 55 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
edgeX BTCUSDC−0.081%−0.0117%4h$282.4M$832.6M100xas long as short
Extended BTC-USD−0.045%+0.0104%1h$48.3M$206.4M50xas long as short
Aftermath Perps BTCUSD−0.042%−0.0084%1h$87K$148K20xas long as short
Gate BTC_USDT−0.026%−0.0009%8h$6.12B$9.10B200xas long as short
SunX BTC-USDT−0.019%+0.0100%8h$3.3M$5.6M100xas long as short
StandX BTC-USD−0.019%+0.0100%1h$30.8M$241.3M40xas long as short
Perpl BTC−0.019%−0.0223%43m$434K$30.5M6.7xas long as short
Orderly PERP_BTC_USDC−0.019%+0.0100%8h$2.4M$7.1M100xas long as short
BingX BTC-USDT−0.018%−0.0010%8h—$1.36B—as long as short
Aevo BTC-PERP−0.016%+0.0080%1h$2.4M$1.6M20xas long as short
Show all 55 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Bybit BTCUSDT−0.012%+0.0100%8h$5.15B$8.24B150xas long as short
OKX BTC-USDT-SWAP−0.011%+0.0037%8h$2.61B$11.25B100xas long as short
Reya BTCRUSDPERP−0.010%−0.0027%1h$6.7M$137.4M40xas long as short
MEXC BTC_USDT−0.009%+0.0082%8h$5.02B$4.95B500xas long as short
Ondo Perps BTC-USD.P−0.007%+0.0100%1h$3.9M$15.9M25xas long as short
Bullet BTC-USD−0.006%+0.0077%1h$245K$3.3M20xas long as short
01 Exchange BTCUSD−0.003%−0.0112%1h$280K$2.3M50xas long as short
Derive BTC-PERP−0.002%+0.0100%1h$29.8M$57.4M15xas long as short
ApeX Omni BTCUSDT−0.001%+0.0012%1h$139.0M$317.5M100xas long as short
Bitget BTCUSDT−0.001%−0.0009%8h$2.95B$4.51B150xas long as short
Binance BTCUSDTlong0.000%+0.0082%8h$9.58B$20.77B150x
Nado BTC-PERP+0.001%+0.0091%1h$23.6M$229.9M50xas long as short
Katana Perps BTC-USD+0.002%+0.0100%8h$183K$5.2M50xas long as short
Popdex BTCUSDT+0.002%+0.0080%1h$8.6M$43.3M100xas long as short
Backpack BTC_USDC_PERP+0.003%+0.0100%1h$40.2M$101.5M75xas long as short
gTrade (Gains Network) BTC/USD+0.007%L +0.0005% / S −0.0004%1h$36.8M—200xas long as short
HTX BTC-USDT+0.008%+0.0049%8h$2.30B$809.0M200xas long as short
Aster BTCUSDT+0.010%+0.0045%8h$489.3M$1.09B200xas long as short
GMX BTC/USD [WBTC.b-USDC]+0.010%L +0.0198% / S −0.0177%1h$12.5M—200xas long as short
KuCoin XBTUSDTM+0.011%+0.0053%8h$789.8M$604.8M125xas long as short
Lighter BTC+0.011%+0.0096%1h$180.0M$903.2M50xas long as short
Phemex BTCUSDT+0.011%−0.0023%8h$157.6M$388.2M150xas long as short
Polymarket Perps BTC-USD+0.012%+0.0100%1h$10.9M$11.2M50xas long as short
Arcus BTC-USD+0.013%+0.0100%1h$5.3M$81.3M40xas long as short
Phoenix BTC+0.021%+0.0015%1h$1.6M$10.8M40xas long as short
Lighter RH BTC+0.024%+0.0096%1h$25.2M$138.4M50xas long as short
RISEx BTC/USDC+0.025%+0.0178%1h$8.8M$38.3M25xas long as short
Kraken Futures PF_XBTUSD+0.036%+0.0042%1h$185.0M$791.7M100xas long as short
Hotstuff BTC-PERP+0.056%−0.0080%1h$9K$3K50xas long as short
SoDEX BTC-USD+0.059%+0.0009%1h$61.3M$259.1M40xas long as short
Coinbase International BTC-PERP-INTX+0.060%+0.0112%1h$149.1M$6.27B50xas long as short
Hibachi BTC/USDT-P+0.061%+0.0064%1h$626K$7.2M30xas long as short
BloFin BTC-USDT+0.064%+0.0203%8h$426.3M$508.5M150xas long as short
Kalshi KXBTCPERP+0.065%+0.0101%8h$9.5M$539.1M6.4xas long as short
Paradex BTC-USD-PERP+0.072%+0.0079%8h$4.4M$6.5M50xas long as short
Pacifica BTC+0.073%+0.0100%1h$36.5M$331.3M50xas long as short
Jupiter Perps WBTC-PERP+0.075%L +0.0104% / S +0.0048%1h—$89.0M500xas long as short
Deribit BTC-PERPETUAL+0.082%+0.0351%1h$870.4M$1.00B50xas long as short
Bulk BTC-USD+0.085%+0.0100%1h$540.9M$69.9M40xas long as short
Vest BTC-PERP+0.085%+0.0100%1h—$13.3M50xas long as short
dYdX BTC-USD+0.086%−0.0008%1h$16.8M$16.3M50xas long as short
Bluefin BTC-PERP+0.087%−0.0021%1h$143K$403K40xas long as short
Variational Omni BTCshort+0.100%+0.0100%8h$172.9M$488.6M—
Injective BTC/USDC PERP+0.111%+0.0180%1h$304K$27.0M52xas long as short
Hyperliquid BTC+0.116%+0.0159%1h$3.89B$4.24B40xas long as short