data as of
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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.

Spread before costs (cost unknown: a leg has no order-book sample)+0.018%
7d average+0.042%if it closes, per $10,000$2funding while held, a day+$168.69
Long on BluefinShort on Lighter
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBluefin BTC-PERP85,985.7−0.5527get 0.0691% / 1h52m 33s$142K$392K40x
ShortLighter BTC86,001.10.0096get 0.0012% / 1h52m 33s$172.4M$929.5M50x

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
$1.79
Funding while held
$168.69
Slippage, 4 orders
no order book: not counted
Fee Bluefin: 3.5 bp × 2 orders
−$7
Fee Lighter: 0 bp × 2 orders
$0
Net
$163.48
Spread needed to break even
0.070%
Slippage unknown: Bluefin: live order book, 53 min ago; Lighter: live order book, 8 min ago. Net counts fees only.

Cost of waiting

funding view
Funding /8h
+0.5623%
Per $10,000 a day
+$168.69
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, 53 min ago949.33 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
Sell Lighter live order book, 8 min ago0.01 bp0.3 bp $00.5 bp −$51.8 bp −$1824.1 bp −$2,035

BTC price on every exchange

against the cheapest. Click to use as the short leg.
Bulk85,852.4cheapestApeX Omni85,855+0.003%edgeX85,902.9+0.059%Hibachi85,907.9+0.065%Hotstuff85,919+0.078%Variational Omni85,920+0.079%Bullet85,927.2+0.087%Arcus85,927.4+0.087%Injective85,937+0.099%Nado85,938.8+0.101%SunX85,939.7+0.102%Bitget85,951.9+0.116%Phoenix85,952+0.116%Phemex85,953.2+0.117%Derive85,953.2+0.117%Reya85,954.5+0.119%Aevo85,956.4+0.121%SoDEX85,961+0.126%OKX85,961.4+0.127%Extended85,962.5+0.128%Orderly85,962.6+0.128%Binance85,963.2+0.129%Popdex85,965+0.131%BingX85,965.3+0.131%Bybit85,966.2+0.132%HTX85,967.7+0.134%BloFin85,970.4+0.137%Gate85,971.2+0.138%Jupiter Perps85,972.9+0.140%Ondo Perps85,973+0.140%GMX85,974.8+0.142%StandX85,976.9+0.145%MEXC85,977.2+0.145%Aster85,978.5+0.147%Aftermath Perps85,978.7+0.147%Polymarket Perps85,984+0.153%Perpl85,984.7+0.154%
Bluefin85,985.7+0.155%
Katana Perps85,986+0.156%RISEx85,988.1+0.158%gTrade (Gains Network)85,989.9+0.160%01 Exchange85,990.8+0.161%KuCoin85,993.1+0.164%Kalshi85,998+0.170%
Lighter86,001.1+0.173%
Backpack86,001.1+0.173%Lighter RH86,002.1+0.174%Pacifica86,009+0.182%Vest86,013.1+0.187%Kraken Futures86,014+0.188%Paradex86,018.6+0.194%dYdX86,028.6+0.205%Deribit86,044.8+0.224%Hyperliquid86,050+0.230%Coinbase International86,062.4+0.245%

BTC on 55 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Bulk BTC-USD−0.155%−0.0012%1h$560.3M$139.6M40xas long as short
ApeX Omni BTCUSDT−0.152%+0.0057%1h$139.3M$318.6M100xas long as short
edgeX BTCUSDC−0.096%+0.0100%4h$278.8M$883.9M100xas long as short
Hibachi BTC/USDT-P−0.090%+0.0104%1h$753K$7.4M30xas long as short
Hotstuff BTC-PERP−0.078%−0.0080%1h$9K$4K50xas long as short
Variational Omni BTC−0.076%+0.0081%8h$171.5M$507.9M—as long as short
Bullet BTC-USD−0.068%+0.0093%1h$230K$3.3M20xas long as short
Arcus BTC-USD−0.068%−0.0377%1h$6.6M$84.8M40xas long as short
Injective BTC/USDC PERP−0.057%−0.0019%1h$308K$27.0M52xas long as short
Nado BTC-PERP−0.055%+0.0100%1h$23.2M$227.1M50xas long as short
Show all 55 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
SunX BTC-USDT−0.053%+0.0100%8h$3.3M$5.9M100xas long as short
Bitget BTCUSDT−0.039%−0.0004%8h$2.96B$4.69B150xas long as short
Phoenix BTC−0.039%−0.0096%1h$1.9M$11.0M40xas long as short
Phemex BTCUSDT−0.038%−0.0054%8h$148.4M$413.7M150xas long as short
Derive BTC-PERP−0.038%+0.0068%1h$30.4M$60.0M15xas long as short
Reya BTCRUSDPERP−0.036%−0.0018%1h$6.8M$138.1M40xas long as short
Aevo BTC-PERP−0.034%+0.0032%1h$2.4M$1.3M20xas long as short
SoDEX BTC-USD−0.029%−0.0015%1h$60.9M$284.0M40xas long as short
OKX BTC-USDT-SWAP−0.028%+0.0012%8h$2.66B$11.53B100xas long as short
Extended BTC-USD−0.027%−0.0024%1h$48.7M$200.6M50xas long as short
Orderly PERP_BTC_USDC−0.027%+0.0100%8h$2.3M$7.3M100xas long as short
Binance BTCUSDT−0.026%+0.0032%8h$9.50B$21.94B150xas long as short
Popdex BTCUSDT−0.024%+0.0056%1h$8.5M$46.4M100xas long as short
BingX BTC-USDT−0.024%−0.0003%8h—$1.38B—as long as short
Bybit BTCUSDT−0.023%+0.0019%8h$5.24B$8.57B150xas long as short
HTX BTC-USDT−0.021%+0.0100%8h$2.29B$839.0M200xas long as short
BloFin BTC-USDT−0.018%−0.0088%8h$423.2M$565.0M150xas long as short
Gate BTC_USDT−0.017%+0.0030%8h$6.06B$9.44B200xas long as short
Jupiter Perps WBTC-PERP−0.015%L +0.0104% / S +0.0048%1h—$85.4M500xas long as short
Ondo Perps BTC-USD.P−0.015%+0.0100%1h$4.0M$16.5M25xas long as short
GMX BTC/USD [WBTC.b-USDC]−0.013%L +0.0172% / S −0.0154%1h$12.7M—200xas long as short
StandX BTC-USD−0.010%+0.0081%1h$30.6M$227.3M40xas long as short
MEXC BTC_USDT−0.010%+0.0032%8h$5.18B$5.07B500xas long as short
Aster BTCUSDT−0.008%+0.0023%8h$505.3M$1.11B200xas long as short
Aftermath Perps BTCUSD−0.008%+0.0106%1h$87K$150K20xas long as short
Polymarket Perps BTC-USD−0.002%+0.0100%1h$11.0M$11.5M50xas long as short
Perpl BTC−0.001%−0.0223%43m$413K$27.2M6.7xas long as short
Bluefin BTC-PERPlong0.000%−0.5527%1h$142K$392K40x
Katana Perps BTC-USD0.000%+0.0100%8h$213K$5.6M50xas long as short
RISEx BTC/USDC+0.003%+0.0040%1h$9.2M$38.8M25xas long as short
gTrade (Gains Network) BTC/USD+0.005%L +0.0005% / S −0.0004%1h$36.8M—200xas long as short
01 Exchange BTCUSD+0.006%−0.0056%1h$294K$2.4M50xas long as short
KuCoin XBTUSDTM+0.009%+0.0004%8h$795.4M$611.3M125xas long as short
Kalshi KXBTCPERP+0.014%+0.0105%8h$14.2M$620.6M6.4xas long as short
Lighter BTCshort+0.018%+0.0096%1h$172.4M$929.5M50x
Backpack BTC_USDC_PERP+0.018%+0.0100%1h$37.5M$123.8M75xas long as short
Lighter RH BTC+0.019%+0.0096%1h$24.6M$134.7M50xas long as short
Pacifica BTC+0.027%+0.0100%1h$37.0M$385.2M50xas long as short
Vest BTC-PERP+0.032%+0.0100%1h—$11.9M50xas long as short
Kraken Futures PF_XBTUSD+0.033%−0.0073%1h$189.6M$813.7M100xas long as short
Paradex BTC-USD-PERP+0.038%+0.0094%8h$4.4M$6.8M50xas long as short
dYdX BTC-USD+0.050%−0.0039%1h$17.3M$17.8M50xas long as short
Deribit BTC-PERPETUAL+0.069%+0.0208%1h$913.2M$1.11B50xas long as short
Hyperliquid BTC+0.075%+0.0136%1h$3.90B$4.37B40xas long as short
Coinbase International BTC-PERP-INTX+0.089%+0.0184%1h$128.2M$6.00B50xas long as short