data as of
Settings8H · net · $10k
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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.

After costs, if the gap returns to its 7d average, $10k−$26
spread now+0.078%7d average+0.100%fees + slippage, in and out−$23spread needed0.233%
Long on BluefinShort on Hyperliquid
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBluefin BTC-PERP86,065.6−0.0168get 0.0021% / 1h9m 49s$143K$407K40x
ShortHyperliquid BTC86,1330.0245get 0.0031% / 1h9m 49s$3.92B$4.50B40x

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
$7.83
Funding while held
$12.39
Slippage, 4 orders
−$7.34
Fee Bluefin: 3.5 bp × 2 orders
−$7
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$3.12
Spread needed to break even
0.233%
Slippage from Bluefin: live order book, 41 min ago; Hyperliquid: live order book, 6 min ago.

Cost of waiting

funding view
Funding /8h
+0.0413%
Per $10,000 a day
+$12.39
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 Bluefin live order book, 41 min ago0.99 bp7.1 bp −$712.0 bp −$120doesn't fitdoesn't fit
Sell Hyperliquid live order book, 6 min ago0.06 bp4.6 bp −$54.6 bp −$464.9 bp −$485doesn't fit

BTC price on every exchange

against the cheapest. Click to use as the short leg.
Bulk85,908.3cheapestApeX Omni86,000+0.107%Aevo86,012.3+0.121%Extended86,017.2+0.127%Bybit86,020.7+0.131%Phemex86,022.4+0.133%OKX86,023.3+0.134%SoDEX86,024+0.135%Bitget86,024.1+0.135%Binance86,026+0.137%KuCoin86,026.1+0.137%Gate86,026.3+0.137%BingX86,026.8+0.138%MEXC86,027+0.138%Backpack86,027.8+0.139%Reya86,029+0.141%HTX86,029.1+0.141%Orderly86,029.6+0.141%edgeX86,031.6+0.144%Bullet86,033+0.145%Arcus86,033.2+0.145%SunX86,039.3+0.153%Nado86,039.9+0.153%Popdex86,040+0.153%Lighter86,043+0.157%Aster86,043.2+0.157%Lighter RH86,047.8+0.162%Aftermath Perps86,048+0.163%Hibachi86,048.8+0.164%Katana Perps86,052+0.167%Hotstuff86,052+0.167%Derive86,053.1+0.169%01 Exchange86,056.4+0.172%Polymarket Perps86,060+0.177%Phoenix86,061+0.178%
Bluefin86,065.6+0.183%
GMX86,066.4+0.184%gTrade (Gains Network)86,069.1+0.187%Kraken Futures86,069.7+0.188%Perpl86,080.5+0.200%RISEx86,088.2+0.209%Paradex86,089.3+0.211%Coinbase International86,094.9+0.217%BloFin86,106.2+0.230%Kalshi86,111+0.236%Deribit86,111.1+0.236%Pacifica86,113.8+0.239%Injective86,116+0.242%Vest86,116.5+0.242%Variational Omni86,116.5+0.242%StandX86,128+0.256%Ondo Perps86,132+0.260%
Hyperliquid86,133+0.262%
Jupiter Perps86,145.7+0.276%dYdX86,164+0.298%

BTC on 55 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Bulk BTC-USD−0.183%+0.0100%1h$553.6M$134.9M40xas long as short
ApeX Omni BTCUSDT−0.076%−0.0124%1h$139.2M$318.5M100xas long as short
Aevo BTC-PERP−0.062%+0.0064%1h$2.4M$1.5M20xas long as short
Extended BTC-USD−0.056%+0.0104%1h$48.8M$209.4M50xas long as short
Bybit BTCUSDT−0.052%+0.0091%8h$5.20B$8.56B150xas long as short
Phemex BTCUSDT−0.050%−0.0022%8h$153.5M$407.7M150xas long as short
OKX BTC-USDT-SWAP−0.049%+0.0024%8h$2.66B$11.69B100xas long as short
SoDEX BTC-USD−0.048%−0.0012%1h$61.0M$283.6M40xas long as short
Bitget BTCUSDT−0.048%−0.0003%8h$2.97B$4.71B150xas long as short
Binance BTCUSDT−0.046%+0.0063%8h$9.53B$21.92B150xas long as short
Show all 55 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
KuCoin XBTUSDTM−0.046%+0.0029%8h$791.0M$617.6M125xas long as short
Gate BTC_USDT−0.046%−0.0019%8h$6.13B$9.56B200xas long as short
BingX BTC-USDC−0.045%−0.0004%8h—$14.9M—as long as short
MEXC BTC_USDT−0.045%+0.0063%8h$5.09B$5.20B500xas long as short
Backpack BTC_USDC_PERP−0.044%+0.0100%1h$38.9M$108.6M75xas long as short
Reya BTCRUSDPERP−0.043%−0.0021%1h$6.7M$137.8M40xas long as short
HTX BTC-USDT−0.042%+0.0069%8h$2.29B$850.2M200xas long as short
Orderly PERP_BTC_USDC−0.042%+0.0100%8h$2.4M$7.3M100xas long as short
edgeX BTCUSDC−0.040%+0.0100%4h$278.7M$876.4M100xas long as short
Bullet BTC-USD−0.038%+0.0100%1h$244K$3.3M20xas long as short
Arcus BTC-USD−0.038%+0.0100%1h$5.7M$85.0M40xas long as short
SunX BTC-USDT−0.031%+0.0100%8h$3.3M$6.1M100xas long as short
Nado BTC-PERP−0.030%+0.0100%1h$23.8M$230.3M50xas long as short
Popdex BTCUSDT−0.030%+0.0080%1h$8.5M$45.7M100xas long as short
Lighter BTC−0.026%+0.0096%1h$172.0M$941.7M50xas long as short
Aster BTCUSDT−0.026%+0.0044%8h$485.9M$1.12B200xas long as short
Lighter RH BTC−0.021%+0.0096%1h$24.7M$140.9M50xas long as short
Aftermath Perps BTCUSD−0.020%−0.0003%1h$86K$154K20xas long as short
Hibachi BTC/USDT-P−0.019%+0.0248%1h$698K$7.4M30xas long as short
Katana Perps BTC-USD−0.016%+0.0100%8h$192K$5.5M50xas long as short
Hotstuff BTC-PERP−0.016%−0.0080%1h$9K$4K50xas long as short
Derive BTC-PERP−0.014%+0.0100%1h$30.3M$59.2M15xas long as short
01 Exchange BTCUSD−0.011%−0.0064%1h$291K$2.4M50xas long as short
Polymarket Perps BTC-USD−0.007%+0.0100%1h$11.0M$11.8M50xas long as short
Phoenix BTC−0.005%−0.0086%1h$1.8M$10.8M40xas long as short
Bluefin BTC-PERPlong0.000%−0.0168%1h$143K$407K40x
GMX BTC/USD [WBTC.b-USDC]+0.001%L +0.0198% / S −0.0175%1h$12.6M—200xas long as short
gTrade (Gains Network) BTC/USD+0.004%L +0.0005% / S −0.0004%1h$36.8M—200xas long as short
Kraken Futures PF_XBTUSD+0.005%+0.0071%1h$186.4M$820.8M100xas long as short
Perpl BTC+0.017%−0.0112%43m$415K$29.6M6.7xas long as short
RISEx BTC/USDC+0.026%+0.0128%1h$8.8M$38.8M25xas long as short
Paradex BTC-USD-PERP+0.028%+0.0091%8h$4.4M$6.7M50xas long as short
Coinbase International BTC-PERP-INTX+0.034%+0.0104%1h$151.1M$6.24B50xas long as short
BloFin BTC-USDT+0.047%−0.0057%8h$431.2M$566.0M150xas long as short
Kalshi KXBTCPERP+0.053%+0.0101%8h$12.1M$579.6M6.4xas long as short
Deribit BTC-PERPETUAL+0.053%+0.0255%1h$910.7M$1.11B50xas long as short
Pacifica BTC+0.056%+0.0100%1h$37.0M$351.8M50xas long as short
Injective BTC/USDC PERP+0.059%+0.0108%1h$308K$27.0M52xas long as short
Vest BTC-PERP+0.059%+0.0100%1h—$12.2M50xas long as short
Variational Omni BTC+0.059%+0.0100%8h$171.4M$511.1M—as long as short
StandX BTC-USD+0.073%+0.0100%1h$30.7M$230.6M40xas long as short
Ondo Perps BTC-USD.P+0.077%+0.0100%1h$3.9M$16.4M25xas long as short
Hyperliquid BTCshort+0.078%+0.0245%1h$3.92B$4.50B40x
Jupiter Perps WBTC-PERP+0.093%L +0.0104% / S +0.0048%1h—$89.4M500xas long as short
dYdX BTC-USD+0.114%0.0000%1h$17.3M$17.5M50xas long as short