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−$23
spread now+0.012%7d average+0.001%fees + slippage, in and out−$24spread needed0.240%
Long on BloFinShort on Phemex
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin BTC-USDT85,705.6−0.0072get 0.0072% / 8h7h 46m$424.8M$566.3M150x
ShortPhemex BTCUSDT85,716.10.0100get 0.0100% / 8h7h 46m$150.5M$411.4M150x

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
$1.23
Funding while held
$5.16
Slippage, 4 orders
−$0.04
Fee BloFin: 6 bp × 2 orders
−$12
Fee Phemex: 6 bp × 2 orders
−$12
Net
−$17.65
Spread needed to break even
0.240%
Slippage from BloFin: live order book, 4 min ago; Phemex: live order book, 4 min ago.

Cost of waiting

funding view
Funding /8h
+0.0172%
Per $10,000 a day
+$5.16
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 BloFin live order book, 4 min ago0.01 bp6.0 bp −$66.0 bp −$606.0 bp −$6017.2 bp −$3,619
Sell Phemex live order book, 4 min ago0.01 bp6.0 bp −$66.3 bp −$637.8 bp −$785doesn't fit

BTC price on every exchange

against the cheapest. Click to use as the short leg.
Bluefin84,887.5cheapestExtended85,684.1+0.938%Bitget85,685.6+0.940%Bybit85,691.2+0.947%Binance85,691.8+0.947%Reya85,696.7+0.953%Popdex85,697+0.954%BingX85,700.7+0.958%KuCoin85,701.5+0.959%OKX85,702.1+0.960%MEXC85,703.8+0.962%
BloFin85,705.6+0.964%
HTX85,705.9+0.964%SoDEX85,706+0.964%SunX85,707.4+0.966%Gate85,707.7+0.966%edgeX85,708.7+0.967%Aevo85,709.5+0.968%Bullet85,712+0.971%Polymarket Perps85,714+0.974%Variational Omni85,714.1+0.974%Aster85,714.5+0.974%
Phemex85,716.1+0.976%
Hotstuff85,717+0.977%Backpack85,718.9+0.979%Katana Perps85,719+0.980%Orderly85,722.1+0.983%Lighter RH85,725.2+0.987%Lighter85,726.8+0.989%StandX85,729+0.991%ApeX Omni85,730.6+0.993%Phoenix85,736+1.000%Arcus85,736.3+1.000%01 Exchange85,736.8+1.001%Hibachi85,737.2+1.001%Perpl85,738.6+1.003%Pacifica85,739+1.003%Paradex85,745.6+1.011%Ondo Perps85,746+1.011%GMX85,746.6+1.012%Kraken Futures85,748.2+1.014%gTrade (Gains Network)85,750+1.016%Jupiter Perps85,753.5+1.020%RISEx85,756.5+1.024%Derive85,756.5+1.024%Vest85,762.9+1.031%dYdX85,770.3+1.040%Nado85,774.8+1.045%Kalshi85,776+1.047%Deribit85,785.2+1.058%Aftermath Perps85,796.1+1.070%Bulk85,802.9+1.078%Hyperliquid85,809+1.086%Coinbase International85,828+1.108%Injective85,838+1.120%

BTC on 55 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Bluefin BTC-PERP−0.955%−0.0957%1h$141K$408K40xas long as short
Extended BTC-USD−0.025%+0.0080%1h$49.0M$206.8M50xas long as short
Bitget BTCUSDT−0.023%−0.0005%8h$2.97B$4.70B150xas long as short
Bybit BTCUSDT−0.017%−0.0013%8h$5.22B$8.60B150xas long as short
Binance BTCUSDT−0.016%+0.0048%8h$9.48B$22.09B150xas long as short
Reya BTCRUSDPERP−0.010%−0.0020%1h$6.7M$138.0M40xas long as short
Popdex BTCUSDT−0.010%+0.0064%1h$8.7M$45.7M100xas long as short
BingX BTC-USDC−0.006%−0.0005%8h—$14.9M—as long as short
KuCoin XBTUSDTM−0.005%+0.0015%8h$791.0M$619.1M125xas long as short
OKX BTC-USDT-SWAP−0.004%+0.0020%8h$2.65B$11.62B100xas long as short
Show all 55 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
MEXC BTC_USDT−0.002%+0.0047%8h$5.07B$5.16B500xas long as short
BloFin BTC-USDTlong0.000%−0.0072%8h$424.8M$566.3M150x
HTX BTC-USDT0.000%+0.0050%8h$2.28B$853.0M200xas long as short
SoDEX BTC-USD0.000%−0.0047%1h$60.8M$283.7M40xas long as short
SunX BTC-USDT+0.002%+0.0100%8h$3.3M$6.2M100xas long as short
Gate BTC_USDT+0.002%−0.0045%8h$6.09B$9.35B200xas long as short
edgeX BTCUSDC+0.004%+0.0100%4h$277.7M$888.4M100xas long as short
Aevo BTC-PERP+0.005%+0.0048%1h$2.4M$1.5M20xas long as short
Bullet BTC-USD+0.007%+0.0100%1h$237K$3.3M20xas long as short
Polymarket Perps BTC-USD+0.010%+0.0100%1h$11.0M$11.7M50xas long as short
Variational Omni BTC+0.010%+0.0091%8h$171.0M$511.0M—as long as short
Aster BTCUSDT+0.010%+0.0032%8h$486.7M$1.13B200xas long as short
Phemex BTCUSDTshort+0.012%+0.0100%8h$150.5M$411.4M150x
Hotstuff BTC-PERP+0.013%−0.0080%1h$9K$4K50xas long as short
Backpack BTC_USDC_PERP+0.016%+0.0100%1h$37.2M$114.3M75xas long as short
Katana Perps BTC-USD+0.016%+0.0100%8h$191K$5.6M50xas long as short
Orderly PERP_BTC_USDC+0.019%+0.0100%8h$2.4M$7.3M100xas long as short
Lighter RH BTC+0.023%+0.0096%1h$24.6M$133.3M50xas long as short
Lighter BTC+0.025%+0.0096%1h$171.7M$909.8M50xas long as short
StandX BTC-USD+0.027%+0.0078%1h$30.6M$229.4M40xas long as short
ApeX Omni BTCUSDT+0.029%−0.0287%1h$139.2M$317.7M100xas long as short
Phoenix BTC+0.035%−0.0116%1h$1.8M$11.4M40xas long as short
Arcus BTC-USD+0.036%+0.0100%1h$6.5M$84.9M40xas long as short
01 Exchange BTCUSD+0.036%−0.0064%1h$289K$2.4M50xas long as short
Hibachi BTC/USDT-P+0.037%+0.0184%1h$717K$7.4M30xas long as short
Perpl BTC+0.039%−0.0112%43m$411K$28.9M6.7xas long as short
Pacifica BTC+0.039%+0.0100%1h$36.9M$364.7M50xas long as short
Paradex BTC-USD-PERP+0.047%+0.0092%8h$4.4M$6.8M50xas long as short
Ondo Perps BTC-USD.P+0.047%+0.0100%1h$3.9M$16.4M25xas long as short
GMX BTC/USD [WBTC.b-USDC]+0.048%L +0.0174% / S −0.0152%1h$12.5M—200xas long as short
Kraken Futures PF_XBTUSD+0.050%−0.0040%1h$188.1M$823.7M100xas long as short
gTrade (Gains Network) BTC/USD+0.052%L +0.0005% / S −0.0004%1h$36.7M—200xas long as short
Jupiter Perps WBTC-PERP+0.056%L +0.0104% / S +0.0048%1h—$89.2M500xas long as short
RISEx BTC/USDC+0.059%+0.0132%1h$8.7M$38.6M25xas long as short
Derive BTC-PERP+0.059%+0.0061%1h$30.2M$59.5M15xas long as short
Vest BTC-PERP+0.067%+0.0100%1h—$11.9M50xas long as short
dYdX BTC-USD+0.075%0.0000%1h$17.2M$17.5M50xas long as short
Nado BTC-PERP+0.081%+0.0100%1h$23.4M$229.9M50xas long as short
Kalshi KXBTCPERP+0.082%0.0000%8h$14.1M$593.7M6.4xas long as short
Deribit BTC-PERPETUAL+0.093%+0.0112%1h$911.0M$1.12B50xas long as short
Aftermath Perps BTCUSD+0.106%+0.0027%1h$87K$156K20xas long as short
Bulk BTC-USD+0.113%+0.0079%1h$557.9M$149.5M40xas long as short
Hyperliquid BTC+0.121%+0.0128%1h$3.89B$4.45B40xas long as short
Coinbase International BTC-PERP-INTX+0.143%+0.0112%1h$128.6M$6.21B50xas long as short
Injective BTC/USDC PERP+0.154%−0.0137%1h$308K$27.0M52xas long as short