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+0.011%7d average−0.009%fees + slippage, in and out−$25spread needed0.248%
Long on BulletShort on Gate
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBullet BTC-USD85,689.70.0081pay 0.0010% / 1h22m 58s$232K$3.3M20x
ShortGate BTC_USDT85,699.50.0043get 0.0043% / 8h7h 22m$6.07B$9.45B200x

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
$1.14
Funding while held
−$1.15
Slippage, 4 orders
−$1.79
Fee Bullet: 4 bp × 2 orders
−$8
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$24.8
Spread needed to break even
0.248%
Slippage from Bullet: live order book, 3 min ago; Gate: live order book, 3 min ago.

Cost of waiting

funding view
Funding /8h
−0.0038%
Per $10,000 a day
−$1.15
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, 3 min ago0.29 bp4.9 bp −$57.4 bp −$74doesn't fitdoesn't fit
Sell Gate live order book, 3 min ago0.01 bp7.5 bp −$87.6 bp −$768.4 bp −$84110.1 bp −$5,056

BTC price on every exchange

against the cheapest. Click to use as the short leg.
Arcus85,640.8cheapestHTX85,688.9+0.056%
Bullet85,689.7+0.057%
SoDEX85,692+0.060%Aevo85,693.5+0.062%KuCoin85,694+0.062%MEXC85,696.1+0.065%BloFin85,697.7+0.066%BingX85,698+0.067%
Gate85,699.5+0.069%
Aster85,700+0.069%SunX85,702.4+0.072%Phemex85,704+0.074%Reya85,704.8+0.075%Derive85,706+0.076%Binance85,707+0.077%Bitget85,707.6+0.078%Backpack85,708+0.078%Lighter85,710.1+0.081%Bybit85,710.6+0.081%Phoenix85,711+0.082%Extended85,711.2+0.082%Orderly85,711.9+0.083%OKX85,712.6+0.084%Lighter RH85,714.6+0.086%Popdex85,723+0.096%Jupiter Perps85,724.3+0.097%GMX85,729.4+0.103%Polymarket Perps85,730+0.104%Katana Perps85,733+0.108%StandX85,735.4+0.110%ApeX Omni85,736.7+0.112%gTrade (Gains Network)85,738.5+0.114%Kraken Futures85,742.6+0.119%Bluefin85,743.5+0.120%Hotstuff85,744+0.121%01 Exchange85,747.1+0.124%Perpl85,747.6+0.125%Nado85,750.7+0.128%RISEx85,751.4+0.129%Bulk85,754.9+0.133%Vest85,766.7+0.147%Pacifica85,770.7+0.152%Deribit85,770.8+0.152%Paradex85,773+0.154%Kalshi85,776+0.158%Ondo Perps85,778+0.160%Hibachi85,778.7+0.161%edgeX85,791.7+0.176%Hyperliquid85,794+0.179%dYdX85,800.2+0.186%Coinbase International85,811+0.199%Variational Omni85,816.1+0.205%Aftermath Perps85,835.6+0.227%Injective85,925+0.332%

BTC on 55 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Arcus BTC-USD−0.057%+0.0100%1h$6.5M$84.5M40xas long as short
HTX BTC-USDT−0.001%+0.0100%8h$2.28B$840.6M200xas long as short
Bullet BTC-USDlong0.000%+0.0081%1h$232K$3.3M20x
SoDEX BTC-USD+0.003%−0.0042%1h$60.7M$283.9M40xas long as short
Aevo BTC-PERP+0.004%+0.0040%1h$2.4M$1.4M20xas long as short
KuCoin XBTUSDTM+0.005%+0.0009%8h$790.5M$614.3M125xas long as short
MEXC BTC_USDT+0.007%+0.0040%8h$5.13B$5.23B500xas long as short
BloFin BTC-USDT+0.009%−0.0079%8h$421.5M$565.1M150xas long as short
BingX BTC-USDC+0.010%−0.0004%8h—$14.8M—as long as short
Gate BTC_USDTshort+0.011%+0.0043%8h$6.07B$9.45B200x
Show all 55 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Aster BTCUSDT+0.012%+0.0025%8h$498.7M$1.12B200xas long as short
SunX BTC-USDT+0.015%+0.0100%8h$3.3M$6.0M100xas long as short
Phemex BTCUSDT+0.017%+0.0031%8h$148.5M$413.7M150xas long as short
Reya BTCRUSDPERP+0.018%−0.0019%1h$6.7M$138.0M40xas long as short
Derive BTC-PERP+0.019%+0.0100%1h$30.2M$60.7M15xas long as short
Binance BTCUSDT+0.020%+0.0041%8h$9.46B$21.92B150xas long as short
Bitget BTCUSDT+0.021%−0.0004%8h$2.97B$4.68B150xas long as short
Backpack BTC_USDC_PERP+0.021%+0.0100%1h$37.3M$118.1M75xas long as short
Lighter BTC+0.024%+0.0096%1h$172.0M$929.6M50xas long as short
Bybit BTCUSDT+0.024%+0.0002%8h$5.22B$8.57B150xas long as short
Phoenix BTC+0.025%−0.0116%1h$1.9M$11.4M40xas long as short
Extended BTC-USD+0.025%+0.0048%1h$48.7M$206.1M50xas long as short
Orderly PERP_BTC_USDC+0.026%+0.0100%8h$2.4M$7.3M100xas long as short
OKX BTC-USDT-SWAP+0.027%+0.0015%8h$2.65B$11.59B100xas long as short
Lighter RH BTC+0.029%+0.0096%1h$24.6M$135.2M50xas long as short
Popdex BTCUSDT+0.039%+0.0096%1h$8.5M$46.6M100xas long as short
Jupiter Perps WBTC-PERP+0.040%L +0.0104% / S +0.0048%1h—$87.4M500xas long as short
GMX BTC/USD [WBTC.b-USDC]+0.046%L +0.0171% / S −0.0149%1h$12.4M—200xas long as short
Polymarket Perps BTC-USD+0.047%+0.0100%1h$11.0M$11.6M50xas long as short
Katana Perps BTC-USD+0.051%+0.0100%8h$197K$5.7M50xas long as short
StandX BTC-USD+0.053%+0.0079%1h$30.6M$230.7M40xas long as short
ApeX Omni BTCUSDT+0.055%−0.0055%1h$138.5M$317.9M100xas long as short
gTrade (Gains Network) BTC/USD+0.057%L +0.0005% / S −0.0004%1h$36.7M—200xas long as short
Kraken Futures PF_XBTUSD+0.062%−0.0040%1h$187.6M$813.9M100xas long as short
Bluefin BTC-PERP+0.063%−0.8000%1h$142K$408K40xas long as short
Hotstuff BTC-PERP+0.063%−0.0080%1h$9K$4K50xas long as short
01 Exchange BTCUSD+0.067%−0.0056%1h$290K$2.4M50xas long as short
Perpl BTC+0.068%−0.0335%43m$399K$28.0M6.7xas long as short
Nado BTC-PERP+0.071%+0.0100%1h$24.2M$226.7M50xas long as short
RISEx BTC/USDC+0.072%+0.0132%1h$8.9M$38.4M25xas long as short
Bulk BTC-USD+0.076%+0.0019%1h$558.8M$146.4M40xas long as short
Vest BTC-PERP+0.090%+0.0100%1h—$11.9M50xas long as short
Pacifica BTC+0.095%+0.0100%1h$36.6M$374.9M50xas long as short
Deribit BTC-PERPETUAL+0.095%+0.0143%1h$911.4M$1.12B50xas long as short
Paradex BTC-USD-PERP+0.097%+0.0093%8h$4.4M$6.8M50xas long as short
Kalshi KXBTCPERP+0.101%+0.0103%8h$14.4M$606.2M6.4xas long as short
Ondo Perps BTC-USD.P+0.103%+0.0100%1h$3.9M$16.2M25xas long as short
Hibachi BTC/USDT-P+0.104%+0.0120%1h$733K$7.4M30xas long as short
edgeX BTCUSDC+0.119%+0.0100%4h$278.1M$890.1M100xas long as short
Hyperliquid BTC+0.122%+0.0122%1h$3.89B$4.36B40xas long as short
dYdX BTC-USD+0.129%0.0000%1h$17.2M$17.6M50xas long as short
Coinbase International BTC-PERP-INTX+0.142%+0.0112%1h$128.6M$6.11B50xas long as short
Variational Omni BTC+0.148%+0.0088%8h$172.3M$505.0M—as long as short
Aftermath Perps BTCUSD+0.170%+0.0058%1h$87K$149K20xas long as short
Injective BTC/USDC PERP+0.275%−0.0137%1h$308K$27.0M52xas long as short