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−$33
spread now−0.043%7d average+0.025%fees + slippage, in and out−$26spread needed0.263%
Long on BluefinShort on KuCoin
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBluefin BTC-PERP85,838.50.0100pay 0.0013% / 1h32m 32s$144K$406K40x
ShortKuCoin XBTUSDTM85,801.40.0041get 0.0041% / 8h32m 32s$788.0M$615.9M125x

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
−$4.33
Funding while held
−$1.77
Slippage, 4 orders
−$7.35
Fee Bluefin: 3.5 bp × 2 orders
−$7
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$32.45
Spread needed to break even
0.263%
Slippage from Bluefin: live order book, 18 min ago; KuCoin: live order book, 3 min ago.

Cost of waiting

funding view
Funding /8h
−0.0059%
Per $10,000 a day
−$1.77
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, 18 min ago0.99 bp7.1 bp −$712.0 bp −$120doesn't fitdoesn't fit
Sell KuCoin live order book, 3 min ago0.01 bp6.0 bp −$66.2 bp −$628.6 bp −$858doesn't fit

BTC price on every exchange

against the cheapest. Click to use as the short leg.
BloFin85,787.9cheapestBackpack85,798.1+0.012%SoDEX85,799+0.013%HTX85,800+0.014%
KuCoin85,801.4+0.016%
Orderly85,806.4+0.022%Reya85,806.6+0.022%Phemex85,808+0.023%Bullet85,811.1+0.027%Aevo85,812.4+0.029%Derive85,816.4+0.033%Katana Perps85,818+0.035%Lighter RH85,819+0.036%Aster85,824.4+0.043%Lighter85,824.8+0.043%OKX85,829+0.048%Hotstuff85,829+0.048%Binance85,829.8+0.049%Popdex85,831+0.050%Polymarket Perps85,833+0.053%Perpl85,833+0.053%Kraken Futures85,834.4+0.054%Gate85,834.8+0.055%SunX85,836.7+0.057%Extended85,837+0.057%BingX85,837.6+0.058%
Bluefin85,838.5+0.059%
Bitget85,838.9+0.059%Arcus85,841.7+0.063%Bybit85,847.4+0.069%Nado85,849.5+0.072%Jupiter Perps85,849.5+0.072%MEXC85,854.2+0.077%01 Exchange85,854.4+0.078%GMX85,855.5+0.079%ApeX Omni85,856.3+0.080%Pacifica85,856.6+0.080%StandX85,859.5+0.083%Paradex85,861.7+0.086%gTrade (Gains Network)85,862.7+0.087%dYdX85,865.8+0.091%RISEx85,872.1+0.098%Ondo Perps85,873+0.099%Coinbase International85,874+0.100%Deribit85,882.6+0.110%Kalshi85,890+0.119%Vest85,895.4+0.125%edgeX85,900+0.131%Variational Omni85,918.5+0.152%Hyperliquid85,919+0.153%Phoenix85,947+0.185%Bulk85,957.1+0.197%Aftermath Perps86,010.6+0.260%Hibachi86,082.7+0.344%Injective86,115+0.381%

BTC on 55 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
BloFin BTC-USDT−0.059%−0.0121%8h$429.0M$542.2M150xas long as short
Backpack BTC_USDC_PERP−0.047%+0.0100%1h$39.0M$106.2M75xas long as short
SoDEX BTC-USD−0.046%−0.0015%1h$60.8M$283.5M40xas long as short
HTX BTC-USDT−0.045%+0.0062%8h$2.29B$844.9M200xas long as short
KuCoin XBTUSDTMshort−0.043%+0.0041%8h$788.0M$615.9M125x
Orderly PERP_BTC_USDC−0.037%+0.0100%8h$2.4M$7.2M100xas long as short
Reya BTCRUSDPERP−0.037%−0.0022%1h$6.7M$137.7M40xas long as short
Phemex BTCUSDT−0.036%−0.0013%8h$157.1M$401.5M150xas long as short
Bullet BTC-USD−0.032%+0.0100%1h$244K$3.3M20xas long as short
Aevo BTC-PERP−0.030%+0.0064%1h$2.4M$1.6M20xas long as short
Show all 55 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Derive BTC-PERP−0.026%+0.0100%1h$30.1M$59.1M15xas long as short
Katana Perps BTC-USD−0.024%+0.0100%8h$192K$5.4M50xas long as short
Lighter RH BTC−0.023%+0.0096%1h$24.8M$137.8M50xas long as short
Aster BTCUSDT−0.016%+0.0040%8h$486.4M$1.12B200xas long as short
Lighter BTC−0.016%+0.0096%1h$172.1M$924.4M50xas long as short
OKX BTC-USDT-SWAP−0.011%+0.0031%8h$2.63B$11.57B100xas long as short
Hotstuff BTC-PERP−0.011%−0.0080%1h$9K$3K50xas long as short
Binance BTCUSDT−0.010%+0.0068%8h$9.52B$21.63B150xas long as short
Popdex BTCUSDT−0.009%+0.0096%1h$8.4M$45.3M100xas long as short
Polymarket Perps BTC-USD−0.006%+0.0100%1h$10.9M$11.7M50xas long as short
Perpl BTC−0.006%−0.0223%43m$447K$30.0M6.7xas long as short
Kraken Futures PF_XBTUSD−0.005%+0.0071%1h$185.3M$814.9M100xas long as short
Gate BTC_USDT−0.004%−0.0017%8h$6.13B$9.38B200xas long as short
SunX BTC-USDT−0.002%+0.0100%8h$3.3M$6.0M100xas long as short
Extended BTC-USD−0.002%+0.0104%1h$48.7M$209.5M50xas long as short
BingX BTC-USDC−0.001%−0.0005%8h—$14.8M—as long as short
Bluefin BTC-PERPlong0.000%+0.0100%1h$144K$406K40x
Bitget BTCUSDT0.000%−0.0005%8h$2.96B$4.66B150xas long as short
Arcus BTC-USD+0.004%+0.0100%1h$5.8M$83.0M40xas long as short
Bybit BTCUSDT+0.010%+0.0100%8h$5.16B$8.47B150xas long as short
Nado BTC-PERP+0.013%+0.0100%1h$23.9M$230.0M50xas long as short
Jupiter Perps WBTC-PERP+0.013%L +0.0104% / S +0.0048%1h—$89.1M500xas long as short
MEXC BTC_USDT+0.018%+0.0068%8h$5.07B$5.08B500xas long as short
01 Exchange BTCUSD+0.019%−0.0072%1h$287K$2.4M50xas long as short
GMX BTC/USD [WBTC.b-USDC]+0.020%L +0.0198% / S −0.0176%1h$12.5M—200xas long as short
ApeX Omni BTCUSDT+0.021%−0.0106%1h$139.1M$318.6M100xas long as short
Pacifica BTC+0.021%+0.0100%1h$36.5M$344.9M50xas long as short
StandX BTC-USD+0.024%+0.0100%1h$30.6M$234.3M40xas long as short
Paradex BTC-USD-PERP+0.027%+0.0086%8h$4.4M$6.6M50xas long as short
gTrade (Gains Network) BTC/USD+0.028%L +0.0005% / S −0.0004%1h$36.8M—200xas long as short
dYdX BTC-USD+0.032%0.0000%1h$17.3M$17.4M50xas long as short
RISEx BTC/USDC+0.039%+0.0128%1h$8.3M$38.8M25xas long as short
Ondo Perps BTC-USD.P+0.040%+0.0100%1h$4.0M$16.3M25xas long as short
Coinbase International BTC-PERP-INTX+0.041%+0.0104%1h$150.8M$6.24B50xas long as short
Deribit BTC-PERPETUAL+0.051%+0.0253%1h$895.3M$1.07B50xas long as short
Kalshi KXBTCPERP+0.060%+0.0106%8h$11.7M$567.6M6.4xas long as short
Vest BTC-PERP+0.066%+0.0100%1h—$12.4M50xas long as short
edgeX BTCUSDC+0.072%−0.0112%4h$278.1M$871.2M100xas long as short
Variational Omni BTC+0.093%+0.0100%8h$170.5M$507.8M—as long as short
Hyperliquid BTC+0.094%+0.0229%1h$3.91B$4.37B40xas long as short
Phoenix BTC+0.126%−0.0086%1h$1.8M$10.8M40xas long as short
Bulk BTC-USD+0.138%+0.0100%1h$548.9M$98.1M40xas long as short
Aftermath Perps BTCUSD+0.200%−0.0048%1h$86K$155K20xas long as short
Hibachi BTC/USDT-P+0.284%+0.0200%1h$633K$7.3M30xas long as short
Injective BTC/USDC PERP+0.322%+0.0108%1h$305K$27.0M52xas long as short