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−0.079%7d average+0.021%fees + slippage, in and out−$16spread needed0.155%
Long on BulkShort on Pacifica
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBulk BTC-USD86,064.10.0100pay 0.0013% / 1h5m 24s$540.9M$69.9M40x
ShortPacifica BTC85,9960.0100get 0.0013% / 1h5m 24s$36.5M$331.3M50x

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
−$7.92
Funding while held
$0
Slippage, 4 orders
−$0.51
Fee Bulk: 3.5 bp × 2 orders
−$7
Fee Pacifica: 4 bp × 2 orders
−$8
Net
−$23.43
Spread needed to break even
0.155%
Slippage from Bulk: live order book, just now; Pacifica: live order book, 5 min ago.

Cost of waiting

funding view
Funding /8h
0.0000%
Per $10,000 a day
+$0.00
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 Bulk live order book, just now0.03 bp3.5 bp −$43.5 bp −$353.5 bp −$3534.1 bp −$2,042
Sell Pacifica live order book, 5 min ago0.06 bp4.4 bp −$4doesn't fitdoesn't fitdoesn't fit

BTC price on every exchange

against the cheapest. Click to use as the short leg.
edgeX85,921.6cheapestAftermath Perps85,938.4+0.020%Lighter85,952.6+0.036%Jupiter Perps85,954+0.038%Extended85,961.8+0.047%Paradex85,966.6+0.052%Katana Perps85,972+0.059%Perpl85,979.3+0.067%Reya85,979.4+0.067%01 Exchange85,979.5+0.067%StandX85,982+0.070%BingX85,985.5+0.074%Backpack85,985.9+0.075%Popdex85,988+0.077%Bitget85,989.3+0.079%ApeX Omni85,990.3+0.080%KuCoin85,991+0.081%MEXC85,991.2+0.081%Hotstuff85,994+0.084%Ondo Perps85,995+0.085%
Pacifica85,996+0.087%
BloFin85,996.6+0.087%Binance85,998.7+0.090%Bullet85,999+0.090%Lighter RH85,999.9+0.091%Aster86,000+0.091%Phemex86,001.1+0.093%Arcus86,001.5+0.093%Polymarket Perps86,005+0.097%HTX86,006.9+0.099%Phoenix86,009+0.102%Gate86,011+0.104%RISEx86,011.1+0.104%dYdX86,014.6+0.108%gTrade (Gains Network)86,016.8+0.111%GMX86,017.1+0.111%Bybit86,022.5+0.117%SoDEX86,024+0.119%Orderly86,024.4+0.120%OKX86,030.4+0.127%Aevo86,036.8+0.134%Kraken Futures86,040.5+0.138%Derive86,043.4+0.142%Nado86,048.4+0.147%SunX86,050.7+0.150%Vest86,059+0.160%
Bulk86,064.1+0.166%
Bluefin86,066+0.168%Variational Omni86,077+0.181%Coinbase International86,077.1+0.181%Injective86,087+0.192%Hyperliquid86,093+0.199%Kalshi86,097+0.204%Deribit86,099.8+0.207%Hibachi86,102.8+0.211%

BTC on 55 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
edgeX BTCUSDC−0.166%−0.0117%4h$282.4M$832.6M100xas long as short
Aftermath Perps BTCUSD−0.146%−0.0087%1h$87K$147K20xas long as short
Lighter BTC−0.130%+0.0096%1h$179.6M$901.6M50xas long as short
Jupiter Perps WBTC-PERP−0.128%L +0.0104% / S +0.0048%1h—$88.9M500xas long as short
Extended BTC-USD−0.119%+0.0104%1h$48.3M$206.3M50xas long as short
Paradex BTC-USD-PERP−0.113%+0.0079%8h$4.4M$6.5M50xas long as short
Katana Perps BTC-USD−0.107%+0.0100%8h$186K$5.2M50xas long as short
Perpl BTC−0.099%−0.0223%43m$435K$30.6M6.7xas long as short
Reya BTCRUSDPERP−0.098%−0.0027%1h$6.7M$137.4M40xas long as short
01 Exchange BTCUSD−0.098%−0.0112%1h$280K$2.3M50xas long as short
Show all 55 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
StandX BTC-USD−0.095%+0.0100%1h$30.8M$241.4M40xas long as short
BingX BTC-USDC−0.091%−0.0010%8h—$14.7M—as long as short
Backpack BTC_USDC_PERP−0.091%+0.0100%1h$40.3M$101.1M75xas long as short
Popdex BTCUSDT−0.088%+0.0080%1h$8.6M$43.2M100xas long as short
Bitget BTCUSDT−0.087%−0.0009%8h$2.95B$4.51B150xas long as short
ApeX Omni BTCUSDT−0.086%+0.0012%1h$139.0M$317.5M100xas long as short
KuCoin XBTUSDTM−0.085%+0.0054%8h$785.6M$601.5M125xas long as short
MEXC BTC_USDT−0.085%+0.0082%8h$4.99B$4.94B500xas long as short
Hotstuff BTC-PERP−0.081%−0.0080%1h$9K$3K50xas long as short
Ondo Perps BTC-USD.P−0.080%+0.0100%1h$3.9M$15.9M25xas long as short
Pacifica BTCshort−0.079%+0.0100%1h$36.5M$331.3M50x
BloFin BTC-USDT−0.078%+0.0203%8h$426.0M$507.3M150xas long as short
Binance BTCUSDT−0.076%+0.0083%8h$9.58B$20.76B150xas long as short
Bullet BTC-USD−0.076%+0.0076%1h$246K$3.3M20xas long as short
Lighter RH BTC−0.075%+0.0096%1h$25.2M$138.4M50xas long as short
Aster BTCUSDT−0.075%+0.0045%8h$488.1M$1.09B200xas long as short
Phemex BTCUSDT−0.073%−0.0028%8h$157.7M$387.4M150xas long as short
Arcus BTC-USD−0.073%+0.0100%1h$5.5M$81.2M40xas long as short
Polymarket Perps BTC-USD−0.069%+0.0100%1h$10.9M$11.2M50xas long as short
HTX BTC-USDT−0.066%+0.0048%8h$2.30B$808.7M200xas long as short
Phoenix BTC−0.064%+0.0015%1h$1.6M$10.8M40xas long as short
Gate BTC_USDT−0.062%−0.0008%8h$6.13B$9.09B200xas long as short
RISEx BTC/USDC−0.062%+0.0178%1h$8.8M$38.3M25xas long as short
dYdX BTC-USD−0.058%−0.0008%1h$16.8M$16.3M50xas long as short
gTrade (Gains Network) BTC/USD−0.055%L +0.0005% / S −0.0004%1h$36.9M—200xas long as short
GMX BTC/USD [WBTC.b-USDC]−0.055%L +0.0198% / S −0.0177%1h$12.5M—200xas long as short
Bybit BTCUSDT−0.048%+0.0100%8h$5.15B$8.26B150xas long as short
SoDEX BTC-USD−0.047%+0.0010%1h$61.3M$259.1M40xas long as short
Orderly PERP_BTC_USDC−0.046%+0.0100%8h$2.4M$7.1M100xas long as short
OKX BTC-USDT-SWAP−0.039%+0.0038%8h$2.61B$11.25B100xas long as short
Aevo BTC-PERP−0.032%+0.0080%1h$2.4M$1.6M20xas long as short
Kraken Futures PF_XBTUSD−0.027%+0.0042%1h$185.4M$790.7M100xas long as short
Derive BTC-PERP−0.024%+0.0100%1h$29.7M$57.4M15xas long as short
Nado BTC-PERP−0.018%+0.0091%1h$23.5M$229.6M50xas long as short
SunX BTC-USDT−0.016%+0.0100%8h$3.3M$5.6M100xas long as short
Vest BTC-PERP−0.006%+0.0100%1h—$13.3M50xas long as short
Bulk BTC-USDlong0.000%+0.0100%1h$540.9M$69.9M40x
Bluefin BTC-PERP+0.002%−0.0021%1h$143K$403K40xas long as short
Variational Omni BTC+0.015%+0.0100%8h$172.9M$488.6M—as long as short
Coinbase International BTC-PERP-INTX+0.015%+0.0112%1h$148.3M$6.27B50xas long as short
Injective BTC/USDC PERP+0.027%+0.0180%1h$304K$27.0M52xas long as short
Hyperliquid BTC+0.034%+0.0159%1h$3.89B$4.24B40xas long as short
Kalshi KXBTCPERP+0.038%0.0000%8h$9.5M$537.2M6.4xas long as short
Deribit BTC-PERPETUAL+0.041%+0.0370%1h$869.3M$1.00B50xas long as short
Hibachi BTC/USDT-P+0.045%+0.0064%1h$626K$7.2M30xas long as short