data as of
Settings8H · net · $10k
Price arb /

BTC

all BTC markets
SwapFunding view
Alert
After costs, if the gap returns to its 7d average, $10k−$3
spread now+0.195%7d average−0.005%fees + slippage, in and out−$23spread needed0.231%
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget BTCUSDT85,783.3−0.0008get 0.0008% / 8h1h 00m$2.94B$4.54B150x
ShortStandX BTC-USD85,950.60.0100get 0.0013% / 1h0m 04s$30.7M$241.0M40x

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
$19.5
Funding while held
$3.24
Slippage, 4 orders
−$3.06
Fee Bitget: 6 bp × 2 orders
−$12
Fee StandX: 4 bp × 2 orders
−$8
Net
−$0.32
Spread needed to break even
0.231%
Slippage from Bitget: live order book, 6 min ago; StandX: live order book, 1 min ago.

Cost of waiting

funding view
Funding /8h
+0.0108%
Per $10,000 a day
+$3.24
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 Bitget live order book, 6 min ago0.01 bp6.0 bp −$66.0 bp −$606.5 bp −$646doesn't fit
Sell StandX live order book, 1 min ago1.17 bp5.2 bp −$55.8 bp −$586.7 bp −$6689.4 bp −$4,698

BTC price on every exchange

against the cheapest. Click to use as the short leg.

BTC on 55 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Nado BTC-PERP−0.048%+0.0097%1h$23.4M$230.2M50xas long as short
Katana Perps BTC-USD−0.045%+0.0100%8h$188K$5.3M50xas long as short
dYdX BTC-USD−0.036%−0.0008%1h$16.7M$16.3M50xas long as short
BloFin BTC-USDT−0.034%+0.0201%8h$423.9M$509.3M150xas long as short
Extended BTC-USD−0.029%+0.0104%1h$48.3M$206.7M50xas long as short
Gate BTC_USDT−0.022%−0.0008%8h$6.10B$9.15B200xas long as short
BingX BTC-USDC−0.021%−0.0009%8h$14.7Mas long as short
Aevo BTC-PERP−0.021%+0.0080%1h$2.4M$1.6M20xas long as short
Hotstuff BTC-PERP−0.014%−0.0080%1h$9K$3K50xas long as short
Backpack BTC_USDC_PERP−0.013%+0.0100%1h$39.3M$103.0M75xas long as short
Show all 55 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Phemex BTCUSDT−0.011%−0.0022%8h$157.4M$390.0M150xas long as short
KuCoin XBTUSDTM−0.011%+0.0052%8h$788.3M$608.5M125xas long as short
Hibachi BTC/USDT-P−0.010%+0.0080%1h$627K$7.2M30xas long as short
01 Exchange BTCUSD−0.008%−0.0112%1h$278K$2.3M50xas long as short
Ondo Perps BTC-USD.P−0.007%+0.0100%1h$3.9M$16.1M25xas long as short
SoDEX BTC-USD−0.007%+0.0005%1h$61.1M$259.1M40xas long as short
SunX BTC-USDT−0.005%+0.0100%8h$3.3M$5.6M100xas long as short
Pacifica BTC−0.004%+0.0100%1h$36.4M$331.3M50xas long as short
HTX BTC-USDT−0.004%+0.0050%8h$2.29B$812.2M200xas long as short
MEXC BTC_USDT−0.003%+0.0081%8h$5.01B$4.98B500xas long as short
Bitget BTCUSDTlong0.000%−0.0008%8h$2.94B$4.54B150x
Kalshi KXBTCPERP+0.001%0.0000%8h$10.0M$544.1M6.4xas long as short
Orderly PERP_BTC_USDC+0.002%+0.0100%8h$2.4M$7.1M100xas long as short
Arcus BTC-USD+0.002%+0.0100%1h$5.3M$81.2M40xas long as short
Lighter BTC+0.003%+0.0096%1h$178.6M$907.8M50xas long as short
Derive BTC-PERP+0.004%+0.0100%1h$30.0M$57.4M15xas long as short
Jupiter Perps WBTC-PERP+0.007%L +0.0104% / S +0.0048%1h$89.0M500xas long as short
Lighter RH BTC+0.007%+0.0096%1h$25.2M$138.8M50xas long as short
Popdex BTCUSDT+0.009%+0.0080%1h$8.5M$43.5M100xas long as short
RISEx BTC/USDC+0.011%+0.0178%1h$8.7M$38.2M25xas long as short
Reya BTCRUSDPERP+0.013%−0.0026%1h$6.7M$137.5M40xas long as short
OKX BTC-USDT-SWAP+0.013%+0.0035%8h$2.60B$11.27B100xas long as short
Paradex BTC-USD-PERP+0.013%+0.0078%8h$4.4M$6.5M50xas long as short
Bluefin BTC-PERP+0.022%+0.0027%1h$143K$403K40xas long as short
gTrade (Gains Network) BTC/USD+0.022%L +0.0005% / S −0.0004%1h$36.8M200xas long as short
Bybit BTCUSDT+0.026%+0.0100%8h$5.14B$8.28B150xas long as short
Aster BTCUSDT+0.027%+0.0041%8h$488.2M$1.10B200xas long as short
Perpl BTC+0.031%−0.0223%43m$478K$30.6M6.7xas long as short
Kraken Futures PF_XBTUSD+0.033%+0.0042%1h$184.9M$795.4M100xas long as short
Binance BTCUSDT+0.033%+0.0080%8h$9.58B$20.94B150xas long as short
Polymarket Perps BTC-USD+0.036%+0.0100%1h$10.9M$11.4M50xas long as short
Bullet BTC-USD+0.041%+0.0082%1h$245K$3.3M20xas long as short
GMX BTC/USD [WBTC.b-USDC]+0.044%L +0.0198% / S −0.0177%1h$12.5M200xas long as short
Coinbase International BTC-PERP-INTX+0.059%+0.0112%1h$149.1M$6.26B50xas long as short
Variational Omni BTC+0.060%+0.0100%8h$173.9M$497.6Mas long as short
Deribit BTC-PERPETUAL+0.092%+0.0391%1h$873.9M$1.01B50xas long as short
Vest BTC-PERP+0.102%+0.0100%1h$13.3M50xas long as short
Hyperliquid BTC+0.112%+0.0161%1h$3.88B$4.27B40xas long as short
Aftermath Perps BTCUSD+0.132%−0.0079%1h$87K$149K20xas long as short
Phoenix BTC+0.162%+0.0015%1h$1.6M$10.8M40xas long as short
StandX BTC-USDshort+0.195%+0.0100%1h$30.7M$241.0M40x
ApeX Omni BTCUSDT+0.207%+0.0021%1h$139.3M$317.3M100xas long as short
edgeX BTCUSDC+0.214%−0.0091%4h$282.9M$839.2M100xas long as short
Bulk BTC-USD+0.327%+0.0100%1h$540.9M$69.9M40xas long as short
Injective BTC/USDC PERP+0.354%+0.0180%1h$304K$27.0M52xas long as short