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−$23
spread now−0.019%7d average−0.030%fees + slippage, in and out−$24spread needed0.239%
Long on BulletShort on Bluefin
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBullet BTC-USD86,1770.0100pay 0.0013% / 1h40m 16s$245K$3.3M20x
ShortBluefin BTC-PERP86,160.60.0100get 0.0013% / 1h40m 16s$144K$406K40x

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
−$1.9
Funding while held
$0
Slippage, 4 orders
−$8.9
Fee Bullet: 4 bp × 2 orders
−$8
Fee Bluefin: 3.5 bp × 2 orders
−$7
Net
−$25.8
Spread needed to break even
0.239%
Slippage from Bullet: live order book, just now; Bluefin: live order book, 10 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 Bullet live order book, just now0.17 bp5.0 bp −$57.3 bp −$73doesn't fitdoesn't fit
Sell Bluefin live order book, 10 min ago0.99 bp7.1 bp −$711.8 bp −$118doesn't fitdoesn't fit

BTC price on every exchange

against the cheapest. Click to use as the short leg.
Backpack86,073.8cheapestBloFin86,080.5+0.008%Phoenix86,109+0.041%Binance86,122.7+0.057%KuCoin86,127.2+0.062%ApeX Omni86,128.9+0.064%Katana Perps86,130+0.065%Variational Omni86,132.3+0.068%Popdex86,133+0.069%SoDEX86,133+0.069%Phemex86,135.9+0.072%Lighter86,140.2+0.077%Nado86,140.6+0.078%HTX86,144.5+0.082%edgeX86,144.6+0.082%Aevo86,147.2+0.085%Extended86,149.4+0.088%01 Exchange86,149.5+0.088%Lighter RH86,150.3+0.089%Aster86,151.8+0.091%Bitget86,153.1+0.092%StandX86,155+0.094%Ondo Perps86,156+0.095%Gate86,157.6+0.097%Derive86,158.1+0.098%Arcus86,158.8+0.099%dYdX86,159.5+0.100%Kraken Futures86,160.3+0.100%SunX86,160.4+0.101%
Bluefin86,160.6+0.101%
Perpl86,162.3+0.103%Orderly86,162.4+0.103%Hotstuff86,163+0.104%Reya86,163.6+0.104%OKX86,166.2+0.107%MEXC86,167.4+0.109%BingX86,168.1+0.110%Aftermath Perps86,169+0.111%Paradex86,169.1+0.111%Polymarket Perps86,174+0.116%Bybit86,174.8+0.117%Kalshi86,176+0.119%
Bullet86,177+0.120%
Pacifica86,179.1+0.122%RISEx86,185.7+0.130%Jupiter Perps86,188.1+0.133%Coinbase International86,197.8+0.144%Deribit86,200.8+0.148%GMX86,201.9+0.149%gTrade (Gains Network)86,203.9+0.151%Vest86,213+0.162%Hibachi86,246.6+0.201%Hyperliquid86,249+0.204%Bulk86,256.1+0.212%Injective86,335+0.303%

BTC on 55 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Backpack BTC_USDC_PERP−0.120%+0.0100%1h$39.2M$104.2M75xas long as short
BloFin BTC-USDT−0.112%−0.0122%8h$427.2M$536.4M150xas long as short
Phoenix BTC−0.079%−0.0086%1h$2.0M$10.8M40xas long as short
Binance BTCUSDT−0.063%+0.0076%8h$9.57B$21.44B150xas long as short
KuCoin XBTUSDTM−0.058%+0.0047%8h$793.8M$613.4M125xas long as short
ApeX Omni BTCUSDT−0.056%−0.0147%1h$139.0M$318.7M100xas long as short
Katana Perps BTC-USD−0.055%+0.0100%8h$199K$5.4M50xas long as short
Variational Omni BTC−0.052%+0.0100%8h$171.2M$506.8M—as long as short
Popdex BTCUSDT−0.051%+0.0096%1h$8.5M$44.8M100xas long as short
SoDEX BTC-USD−0.051%+0.0023%1h$61.1M$283.4M40xas long as short
Show all 55 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Phemex BTCUSDT−0.048%−0.0023%8h$158.2M$399.1M150xas long as short
Lighter BTC−0.043%+0.0096%1h$172.9M$917.8M50xas long as short
Nado BTC-PERP−0.042%+0.0100%1h$23.7M$229.5M50xas long as short
HTX BTC-USDT−0.038%+0.0061%8h$2.30B$837.5M200xas long as short
edgeX BTCUSDC−0.038%−0.0098%4h$278.7M$863.9M100xas long as short
Aevo BTC-PERP−0.035%+0.0080%1h$2.4M$1.6M20xas long as short
Extended BTC-USD−0.032%+0.0104%1h$48.7M$208.8M50xas long as short
01 Exchange BTCUSD−0.032%−0.0072%1h$290K$2.4M50xas long as short
Lighter RH BTC−0.031%+0.0096%1h$24.9M$137.0M50xas long as short
Aster BTCUSDT−0.029%+0.0047%8h$488.9M$1.11B200xas long as short
Bitget BTCUSDT−0.028%−0.0005%8h$2.97B$4.63B150xas long as short
StandX BTC-USD−0.026%+0.0100%1h$30.7M$236.5M40xas long as short
Ondo Perps BTC-USD.P−0.024%+0.0100%1h$4.0M$16.4M25xas long as short
Gate BTC_USDT−0.023%−0.0012%8h$6.16B$9.28B200xas long as short
Derive BTC-PERP−0.022%+0.0100%1h$30.2M$58.1M15xas long as short
Arcus BTC-USD−0.021%+0.0100%1h$5.5M$81.9M40xas long as short
dYdX BTC-USD−0.020%0.0000%1h$16.9M$16.4M50xas long as short
Kraken Futures PF_XBTUSD−0.019%+0.0071%1h$185.9M$809.3M100xas long as short
SunX BTC-USDT−0.019%+0.0100%8h$3.3M$6.0M100xas long as short
Bluefin BTC-PERPshort−0.019%+0.0100%1h$144K$406K40x
Perpl BTC−0.017%−0.0223%43m$455K$30.0M6.7xas long as short
Orderly PERP_BTC_USDC−0.017%+0.0100%8h$2.4M$7.2M100xas long as short
Hotstuff BTC-PERP−0.016%−0.0080%1h$9K$3K50xas long as short
Reya BTCRUSDPERP−0.016%−0.0023%1h$6.7M$137.6M40xas long as short
OKX BTC-USDT-SWAP−0.013%+0.0032%8h$2.63B$11.52B100xas long as short
MEXC BTC_USDT−0.011%+0.0076%8h$5.07B$5.01B500xas long as short
BingX BTC-USDT−0.010%−0.0005%8h—$1.38B—as long as short
Aftermath Perps BTCUSD−0.009%−0.0060%1h$87K$155K20xas long as short
Paradex BTC-USD-PERP−0.009%+0.0084%8h$4.4M$6.6M50xas long as short
Polymarket Perps BTC-USD−0.003%+0.0100%1h$11.0M$11.6M50xas long as short
Bybit BTCUSDT−0.003%+0.0100%8h$5.16B$8.40B150xas long as short
Kalshi KXBTCPERP−0.001%+0.0110%8h$11.0M$561.0M6.4xas long as short
Bullet BTC-USDlong0.000%+0.0100%1h$245K$3.3M20x
Pacifica BTC+0.002%+0.0100%1h$37.1M$342.8M50xas long as short
RISEx BTC/USDC+0.010%+0.0128%1h$8.5M$38.7M25xas long as short
Jupiter Perps WBTC-PERP+0.013%L +0.0104% / S +0.0048%1h—$88.5M500xas long as short
Coinbase International BTC-PERP-INTX+0.024%+0.0104%1h$150.7M$6.25B50xas long as short
Deribit BTC-PERPETUAL+0.028%+0.0201%1h$888.4M$1.05B50xas long as short
GMX BTC/USD [WBTC.b-USDC]+0.029%L +0.0198% / S −0.0176%1h$12.6M—200xas long as short
gTrade (Gains Network) BTC/USD+0.031%L +0.0005% / S −0.0004%1h$36.9M—200xas long as short
Vest BTC-PERP+0.042%+0.0100%1h—$12.4M50xas long as short
Hibachi BTC/USDT-P+0.081%+0.0152%1h$627K$7.3M30xas long as short
Hyperliquid BTC+0.084%+0.0270%1h$3.92B$4.33B40xas long as short
Bulk BTC-USD+0.092%+0.0100%1h$547.8M$93.7M40xas long as short
Injective BTC/USDC PERP+0.183%+0.0108%1h$305K$27.0M52xas long as short