data as of
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Price arb /

BTC

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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)+0.418%
7d average+0.029%if it closes, per $10,000$42funding while held, a day+$3.36
Long on BingXShort on Variational Omni
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX BTC-USDC85,078.8−0.0012get 0.0012% / 8h1h 51m—$14.4M—
ShortVariational Omni BTC85,434.70.0100get 0.0100% / 8h1h 51m$172.6M$465.7M—

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
$41.83
Funding while held
$3.36
Slippage, 4 orders
no order book: not counted
Fee BingX: 5 bp × 2 orders
−$10
Fee Variational Omni: 0 bp × 2 orders
$0
Net
$35.19
Spread needed to break even
0.100%
Slippage unknown: BingX: live order book, 8 min ago; Variational Omni: RFQ quote, 4 min ago. Net counts fees only.

Cost of waiting

funding view
Funding /8h
+0.0112%
Per $10,000 a day
+$3.36
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 BingX live order book, 8 min ago0.02 bp5.0 bp −$55.0 bp −$506.6 bp −$6568.4 bp −$4,200
Sell Variational Omni RFQ quote, 4 min ago0.56 bpdoesn't fit0.8 bp −$82.8 bp −$276doesn't fit

BTC price on every exchange

against the cheapest. Click to use as the short leg.
Extended85,074cheapest
BingX85,078.8+0.006%
Aster85,083.3+0.011%Bitget85,086.6+0.015%Lighter85,090.1+0.019%OKX85,090.5+0.019%Lighter RH85,091.1+0.020%Binance85,092.8+0.022%KuCoin85,093.4+0.023%Backpack85,095+0.025%Bybit85,097.2+0.027%MEXC85,110+0.042%BloFin85,113.7+0.047%Gate85,114.3+0.047%dYdX85,121.3+0.056%Katana Perps85,133+0.069%Derive85,146.5+0.085%Hotstuff85,148+0.087%Arcus85,152.5+0.092%Paradex85,154.9+0.095%Phemex85,155.6+0.096%Nado85,160.1+0.101%HTX85,161.6+0.103%01 Exchange85,162.4+0.104%Bullet85,163+0.105%Reya85,163.7+0.105%Perpl85,169.9+0.113%GMX85,171+0.114%Popdex85,171+0.114%Aevo85,173.8+0.117%gTrade (Gains Network)85,181.5+0.126%Hyperliquid85,182+0.127%Polymarket Perps85,184+0.129%SoDEX85,184+0.129%Kalshi85,185+0.130%Injective85,185+0.130%Orderly85,186.1+0.132%Pacifica85,186.9+0.133%RISEx85,190.4+0.137%Jupiter Perps85,190.5+0.137%SunX85,192.5+0.139%Ondo Perps85,196+0.143%Kraken Futures85,203.8+0.153%Bluefin85,204.7+0.154%Hibachi85,206.7+0.156%Vest85,210.6+0.161%StandX85,214.6+0.165%Coinbase International85,222+0.174%Deribit85,263+0.222%edgeX85,289.5+0.253%Aftermath Perps85,297.9+0.263%ApeX Omni85,298.4+0.264%
Variational Omni85,434.7+0.424%
Bulk85,463.5+0.458%Phoenix85,490+0.489%

BTC on 55 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Extended BTC-USD−0.006%+0.0104%1h$47.0M$199.2M50xas long as short
BingX BTC-USDClong0.000%−0.0012%8h—$14.4M—
Aster BTCUSDT+0.005%+0.0038%8h$485.8M$985.8M200xas long as short
Bitget BTCUSDT+0.009%−0.0011%8h$2.94B$4.25B150xas long as short
Lighter BTC+0.013%+0.0088%1h$182.1M$843.2M50xas long as short
OKX BTC-USDT-SWAP+0.014%+0.0058%8h$2.54B$10.59B100xas long as short
Lighter RH BTC+0.014%+0.0096%1h$25.2M$130.3M50xas long as short
Binance BTCUSDT+0.016%+0.0095%8h$9.47B$19.36B150xas long as short
KuCoin XBTUSDTM+0.017%+0.0067%8h$798.7M$577.3M125xas long as short
Backpack BTC_USDC_PERP+0.019%+0.0100%1h$38.8M$101.8M75xas long as short
Show all 55 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Bybit BTCUSDT+0.022%+0.0100%8h$5.03B$7.79B150xas long as short
MEXC BTC_USDT+0.037%+0.0095%8h$4.91B$4.61B500xas long as short
BloFin BTC-USDT+0.041%+0.0215%8h$419.7M$476.3M150xas long as short
Gate BTC_USDT+0.042%−0.0019%8h$6.00B$8.40B200xas long as short
dYdX BTC-USD+0.050%0.0000%1h$16.0M$13.8M50xas long as short
Katana Perps BTC-USD+0.064%+0.0100%8h$188K$4.9M50xas long as short
Derive BTC-PERP+0.080%+0.0009%1h$27.8M$55.0M15xas long as short
Hotstuff BTC-PERP+0.081%−0.0080%1h$8K$3K50xas long as short
Arcus BTC-USD+0.087%+0.0100%1h$6.1M$77.0M40xas long as short
Paradex BTC-USD-PERP+0.089%+0.0084%8h$4.3M$6.5M50xas long as short
Phemex BTCUSDT+0.090%−0.0021%8h$158.2M$370.7M150xas long as short
Nado BTC-PERP+0.095%+0.0100%1h$23.7M$220.2M50xas long as short
HTX BTC-USDT+0.097%+0.0023%8h$2.28B$776.5M200xas long as short
01 Exchange BTCUSD+0.098%−0.0032%1h$278K$2.3M50xas long as short
Bullet BTC-USD+0.099%+0.0100%1h$248K$3.3M20xas long as short
Reya BTCRUSDPERP+0.100%−0.0035%1h$6.8M$135.8M40xas long as short
Perpl BTC+0.107%−0.0447%43m$427K$31.5M6.7xas long as short
GMX BTC/USD [WBTC.b-USDC]+0.108%L +0.0196% / S −0.0202%1h$12.8M—200xas long as short
Popdex BTCUSDT+0.108%+0.0096%1h$8.3M$40.0M100xas long as short
Aevo BTC-PERP+0.112%+0.0096%1h$2.4M$1.7M20xas long as short
gTrade (Gains Network) BTC/USD+0.121%L +0.0004% / S −0.0004%1h$36.4M—200xas long as short
Hyperliquid BTC+0.121%+0.0105%1h$3.80B$4.05B40xas long as short
Polymarket Perps BTC-USD+0.124%+0.0100%1h$10.8M$10.5M50xas long as short
SoDEX BTC-USD+0.124%+0.0031%1h$61.1M$234.4M40xas long as short
Kalshi KXBTCPERP+0.125%0.0000%8h$8.2M$491.8M6.4xas long as short
Injective BTC/USDC PERP+0.125%+0.0180%1h$306K$27.0M52xas long as short
Orderly PERP_BTC_USDC+0.126%+0.0100%8h$2.3M$6.6M100xas long as short
Pacifica BTC+0.127%+0.0100%1h$36.2M$310.2M50xas long as short
RISEx BTC/USDC+0.131%+0.0178%1h$8.5M$36.5M25xas long as short
Jupiter Perps WBTC-PERP+0.131%L +0.0104% / S +0.0048%1h—$85.2M500xas long as short
SunX BTC-USDT+0.134%+0.0100%8h$3.3M$5.3M100xas long as short
Ondo Perps BTC-USD.P+0.138%+0.0100%1h$3.9M$15.5M25xas long as short
Kraken Futures PF_XBTUSD+0.147%+0.0042%1h$185.4M$744.3M100xas long as short
Bluefin BTC-PERP+0.148%+0.0100%1h$142K$399K40xas long as short
Hibachi BTC/USDT-P+0.150%+0.0216%1h$634K$7.6M30xas long as short
Vest BTC-PERP+0.155%+0.0100%1h—$13.1M50xas long as short
StandX BTC-USD+0.160%+0.0100%1h$30.4M$247.0M40xas long as short
Coinbase International BTC-PERP-INTX+0.168%+0.0112%1h$142.0M$6.07B50xas long as short
Deribit BTC-PERPETUAL+0.216%+0.0507%1h$847.3M$916.5M50xas long as short
edgeX BTCUSDC+0.248%−0.0113%4h$282.5M$785.1M100xas long as short
Aftermath Perps BTCUSD+0.258%−0.0043%1h$83K$139K20xas long as short
ApeX Omni BTCUSDT+0.258%+0.0004%1h$137.5M$315.5M100xas long as short
Variational Omni BTCshort+0.418%+0.0100%8h$172.6M$465.7M—
Bulk BTC-USD+0.452%+0.0100%1h$534.4M$59.0M40xas long as short
Phoenix BTC+0.483%+0.0015%1h$1.6M$10.8M40xas long as short