After costs, if the gap returns to its 7d average, $10k−$28
spread now−0.008%7d average−0.003%fees + slippage, in and out−$27spread needed0.270%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin BTC-USDT | 85,837.8 | −0.0094 | get 0.0094% / 8h | 6h 32m | $424.8M | $566.8M | 150x |
| Short | Gate BTC_USDT | 85,830.5 | −0.0001 | pay 0.0001% / 8h | 6h 32m | $6.05B | $9.55B | 200x |
Price spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- −$0.85
- Funding while held
- $2.8
- Slippage, 4 orders
- −$0.05
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$25.1
- Spread needed to break even
- 0.270%
Slippage from BloFin: live order book, 3 min ago; Gate: live order book, 3 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0093%
- Per $10,000 a day
- +$2.80
- Average in range /8h
- —
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy BloFin live order book, 3 min ago | 0.01 bp | 6.0 bp −$6 | 6.0 bp −$60 | 6.0 bp −$601 | 7.4 bp −$3,692 |
| Sell Gate live order book, 3 min ago | 0.01 bp | 7.5 bp −$8 | 7.8 bp −$78 | 9.2 bp −$915 | 11.2 bp −$5,607 |
BTC price on every exchange
against the cheapest. Click to use as the short leg.BTC on 55 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Variational Omni BTC | −0.116% | +0.0066% | 8h | $172.2M | $506.8M | — | as long as short |
| Phoenix BTC | −0.108% | −0.0096% | 1h | $1.9M | $11.0M | 40x | as long as short |
| Arcus BTC-USD | −0.074% | −0.0377% | 1h | $6.6M | $84.9M | 40x | as long as short |
| edgeX BTCUSDC | −0.068% | +0.0100% | 4h | $280.2M | $880.7M | 100x | as long as short |
| Hibachi BTC/USDT-P | −0.042% | +0.0112% | 1h | $757K | $7.2M | 30x | as long as short |
| Bitget BTCUSDT | −0.033% | −0.0005% | 8h | $2.96B | $4.69B | 150x | as long as short |
| Injective BTC/USDC PERP | −0.031% | −0.0019% | 1h | $308K | $27.0M | 52x | as long as short |
| Ondo Perps BTC-USD.P | −0.030% | +0.0100% | 1h | $3.9M | $16.7M | 25x | as long as short |
| Extended BTC-USD | −0.025% | +0.0008% | 1h | $48.7M | $199.6M | 50x | as long as short |
| Katana Perps BTC-USD | −0.022% | +0.0100% | 8h | $191K | $5.7M | 50x | as long as short |
Show all 55 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Bulk BTC-USD | −0.021% | −0.0019% | 1h | $560.6M | $139.0M | 40x | as long as short |
| Popdex BTCUSDT | −0.017% | +0.0040% | 1h | $8.5M | $46.5M | 100x | as long as short |
| Binance BTCUSDT | −0.017% | +0.0026% | 8h | $9.48B | $22.08B | 150x | as long as short |
| Bybit BTCUSDT | −0.011% | +0.0016% | 8h | $5.24B | $8.58B | 150x | as long as short |
| Gate BTC_USDTshort | −0.008% | −0.0001% | 8h | $6.05B | $9.55B | 200x | |
| OKX BTC-USDT-SWAP | −0.007% | +0.0013% | 8h | $2.66B | $11.55B | 100x | as long as short |
| SoDEX BTC-USD | −0.007% | −0.0027% | 1h | $60.8M | $284.1M | 40x | as long as short |
| Reya BTCRUSDPERP | −0.007% | −0.0018% | 1h | $6.7M | $138.1M | 40x | as long as short |
| Nado BTC-PERP | −0.006% | +0.0100% | 1h | $23.3M | $227.1M | 50x | as long as short |
| HTX BTC-USDT | −0.003% | +0.0100% | 8h | $2.28B | $833.4M | 200x | as long as short |
| KuCoin XBTUSDTM | −0.003% | 0.0000% | 8h | $797.1M | $614.8M | 125x | as long as short |
| BloFin BTC-USDTlong | 0.000% | −0.0094% | 8h | $424.8M | $566.8M | 150x | |
| MEXC BTC_USDT | 0.000% | +0.0025% | 8h | $5.15B | $5.13B | 500x | as long as short |
| Aevo BTC-PERP | +0.001% | +0.0024% | 1h | $2.4M | $1.3M | 20x | as long as short |
| Perpl BTC | +0.001% | −0.0223% | 43m | $409K | $26.7M | 6.7x | as long as short |
| Bullet BTC-USD | +0.001% | +0.0088% | 1h | $230K | $3.3M | 20x | as long as short |
| BingX BTC-USDC | +0.004% | −0.0005% | 8h | — | $14.7M | — | as long as short |
| Polymarket Perps BTC-USD | +0.006% | +0.0100% | 1h | $11.0M | $11.7M | 50x | as long as short |
| Phemex BTCUSDT | +0.007% | −0.0018% | 8h | $148.4M | $415.2M | 150x | as long as short |
| SunX BTC-USDT | +0.009% | +0.0100% | 8h | $3.3M | $5.8M | 100x | as long as short |
| Aster BTCUSDT | +0.009% | +0.0014% | 8h | $504.8M | $1.10B | 200x | as long as short |
| 01 Exchange BTCUSD | +0.010% | −0.0048% | 1h | $302K | $2.4M | 50x | as long as short |
| Derive BTC-PERP | +0.012% | +0.0100% | 1h | $30.4M | $59.6M | 15x | as long as short |
| RISEx BTC/USDC | +0.012% | +0.0040% | 1h | $9.1M | $38.6M | 25x | as long as short |
| Orderly PERP_BTC_USDC | +0.013% | +0.0100% | 8h | $2.4M | $7.4M | 100x | as long as short |
| Hotstuff BTC-PERP | +0.020% | −0.0080% | 1h | $9K | $4K | 50x | as long as short |
| dYdX BTC-USD | +0.023% | −0.0031% | 1h | $17.1M | $18.1M | 50x | as long as short |
| Backpack BTC_USDC_PERP | +0.024% | +0.0100% | 1h | $37.3M | $125.4M | 75x | as long as short |
| Lighter RH BTC | +0.029% | +0.0096% | 1h | $24.6M | $136.2M | 50x | as long as short |
| Aftermath Perps BTCUSD | +0.030% | +0.0085% | 1h | $86K | $154K | 20x | as long as short |
| Lighter BTC | +0.030% | +0.0096% | 1h | $171.5M | $941.2M | 50x | as long as short |
| Pacifica BTC | +0.034% | +0.0100% | 1h | $37.0M | $391.7M | 50x | as long as short |
| StandX BTC-USD | +0.035% | +0.0064% | 1h | $30.7M | $226.0M | 40x | as long as short |
| Bluefin BTC-PERP | +0.035% | −0.2414% | 1h | $143K | $411K | 40x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | +0.043% | L +0.0172% / S −0.0153% | 1h | $12.7M | — | 200x | as long as short |
| Jupiter Perps WBTC-PERP | +0.044% | L +0.0104% / S +0.0048% | 1h | — | $85.0M | 500x | as long as short |
| gTrade (Gains Network) BTC/USD | +0.046% | L +0.0005% / S −0.0004% | 1h | $36.7M | — | 200x | as long as short |
| Kraken Futures PF_XBTUSD | +0.052% | −0.0073% | 1h | $190.6M | $813.6M | 100x | as long as short |
| ApeX Omni BTCUSDT | +0.053% | −0.0093% | 1h | $139.5M | $319.2M | 100x | as long as short |
| Kalshi KXBTCPERP | +0.054% | +0.0105% | 8h | $13.4M | $631.1M | 6.4x | as long as short |
| Vest BTC-PERP | +0.056% | +0.0100% | 1h | — | $11.5M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.061% | +0.0095% | 8h | $4.4M | $6.8M | 50x | as long as short |
| Deribit BTC-PERPETUAL | +0.086% | +0.0158% | 1h | $914.1M | $1.11B | 50x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.115% | +0.0184% | 1h | $128.6M | $5.93B | 50x | as long as short |
| Hyperliquid BTC | +0.128% | +0.0135% | 1h | $3.92B | $4.40B | 40x | as long as short |
BloFin BTC-USDT
Gate BTC_USDT
Variational Omni
Phoenix
Bitget
Injective
Extended
Katana Perps
Bulk
Popdex
Binance
Bybit
OKX
SoDEX
HTX
KuCoin
MEXC
Bullet
BingX
Polymarket Perps
Phemex
SunX
Aster
Derive
RISEx
Backpack
Lighter RH
Lighter
Pacifica
StandX
Bluefin
GMX
gTrade (Gains Network)
Kraken Futures
ApeX Omni
Paradex
Deribit
Coinbase International
Hyperliquid