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−$20
spread now−0.008%7d average−0.037%fees + slippage, in and out−$23spread needed0.229%
Long on DeribitShort on dYdX
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongDeribit BTC-PERPETUAL85,907.10.0060pay 0.0007% / 1h56m 49s$910.8M$1.12B50x
ShortdYdX BTC-USD85,900.10get 0.0000% / 1h56m 49s$17.3M$17.5M50x

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
−$0.8
Funding while held
−$1.8
Slippage, 4 orders
−$5.92
Fee Deribit: 3.5 bp × 2 orders
−$7
Fee dYdX: 5 bp × 2 orders
−$10
Net
−$25.52
Spread needed to break even
0.229%
Slippage from Deribit: live order book, 4 min ago; dYdX: live order book, 4 min ago.

Cost of waiting

funding view
Funding /8h
−0.0060%
Per $10,000 a day
−$1.80
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 Deribit live order book, 4 min ago0.03 bp3.5 bp −$43.7 bp −$376.7 bp −$66710.4 bp −$5,200
Sell dYdX live order book, 4 min ago2.50 bp8.3 bp −$811.9 bp −$11914.0 bp −$1,39817.0 bp −$8,496

BTC price on every exchange

against the cheapest. Click to use as the short leg.
Aevo85,827.3cheapestArcus85,827.5+0.000%BloFin85,829.9+0.003%Phemex85,830.2+0.003%HTX85,831.3+0.005%SoDEX85,833+0.007%Backpack85,843.6+0.019%Lighter RH85,844+0.019%Lighter85,850.5+0.027%Orderly85,854.8+0.032%Nado85,859.6+0.038%Reya85,860.3+0.038%Popdex85,864+0.043%Extended85,864.2+0.043%MEXC85,867.4+0.047%Katana Perps85,869+0.049%Bullet85,870+0.050%Perpl85,871.4+0.051%Polymarket Perps85,874+0.054%Bitget85,875.2+0.056%Kraken Futures85,875.8+0.056%Binance85,876.8+0.058%Aster85,876.9+0.058%Gate85,877.9+0.059%BingX85,878.9+0.060%Bybit85,879.9+0.061%OKX85,880.2+0.062%Pacifica85,881.5+0.063%ApeX Omni85,881.8+0.063%KuCoin85,883.7+0.066%01 Exchange85,888.8+0.072%Bluefin85,890.2+0.073%Ondo Perps85,892+0.075%Derive85,893+0.077%StandX85,893.9+0.077%Paradex85,894.8+0.079%edgeX85,897.4+0.082%
dYdX85,900.1+0.085%
gTrade (Gains Network)85,902.4+0.087%GMX85,902.8+0.088%Phoenix85,904+0.089%Injective85,904+0.089%Coinbase International85,906+0.092%
Deribit85,907.1+0.093%
RISEx85,911.2+0.098%Variational Omni85,911.7+0.098%Vest85,918.4+0.106%Hotstuff85,919+0.107%Jupiter Perps85,927.2+0.116%Kalshi85,928+0.117%SunX85,928.8+0.118%Hibachi85,941.8+0.133%Aftermath Perps85,964.4+0.160%Bulk85,976.3+0.174%Hyperliquid85,977+0.174%

BTC on 55 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Aevo BTC-PERP−0.093%+0.0056%1h$2.4M$1.5M20xas long as short
Arcus BTC-USD−0.093%+0.0100%1h$6.4M$84.7M40xas long as short
BloFin BTC-USDT−0.090%−0.0066%8h$422.1M$568.2M150xas long as short
Phemex BTCUSDT−0.089%+0.0100%8h$152.7M$410.2M150xas long as short
HTX BTC-USDT−0.088%+0.0041%8h$2.29B$853.8M200xas long as short
SoDEX BTC-USD−0.086%−0.0075%1h$60.9M$283.6M40xas long as short
Backpack BTC_USDC_PERP−0.074%+0.0100%1h$38.6M$110.4M75xas long as short
Lighter RH BTC−0.073%+0.0096%1h$24.8M$132.5M50xas long as short
Lighter BTC−0.066%+0.0096%1h$172.8M$898.2M50xas long as short
Orderly PERP_BTC_USDC−0.061%+0.0100%8h$2.3M$7.3M100xas long as short
Show all 55 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Nado BTC-PERP−0.055%+0.0094%1h$23.8M$230.3M50xas long as short
Reya BTCRUSDPERP−0.054%−0.0020%1h$6.7M$137.9M40xas long as short
Popdex BTCUSDT−0.050%0.0000%1h$8.5M$45.8M100xas long as short
Extended BTC-USD−0.050%+0.0096%1h$48.9M$209.5M50xas long as short
MEXC BTC_USDT−0.046%+0.0053%8h$5.10B$5.13B500xas long as short
Katana Perps BTC-USD−0.044%+0.0100%8h$197K$5.6M50xas long as short
Bullet BTC-USD−0.043%+0.0100%1h$243K$3.3M20xas long as short
Perpl BTC−0.041%−0.0112%43m$405K$29.3M6.7xas long as short
Polymarket Perps BTC-USD−0.038%+0.0100%1h$11.0M$11.7M50xas long as short
Bitget BTCUSDT−0.037%−0.0005%8h$2.96B$4.70B150xas long as short
Kraken Futures PF_XBTUSD−0.036%−0.0040%1h$187.7M$824.2M100xas long as short
Binance BTCUSDT−0.035%+0.0054%8h$9.49B$22.06B150xas long as short
Aster BTCUSDT−0.035%+0.0037%8h$487.5M$1.13B200xas long as short
Gate BTC_USDT−0.034%+0.0004%8h$6.12B$9.26B200xas long as short
BingX BTC-USDT−0.033%−0.0004%8h—$1.40B—as long as short
Bybit BTCUSDT−0.032%+0.0058%8h$5.20B$8.60B150xas long as short
OKX BTC-USDT-SWAP−0.031%+0.0020%8h$2.66B$11.69B100xas long as short
Pacifica BTC−0.030%+0.0100%1h$37.0M$362.8M50xas long as short
ApeX Omni BTCUSDT−0.029%−0.0113%1h$139.4M$318.1M100xas long as short
KuCoin XBTUSDTM−0.027%+0.0021%8h$790.1M$617.3M125xas long as short
01 Exchange BTCUSD−0.021%−0.0056%1h$288K$2.4M50xas long as short
Bluefin BTC-PERP−0.020%+0.0100%1h$143K$408K40xas long as short
Ondo Perps BTC-USD.P−0.018%+0.0100%1h$3.9M$16.3M25xas long as short
Derive BTC-PERP−0.016%+0.0091%1h$30.3M$59.2M15xas long as short
StandX BTC-USD−0.015%+0.0099%1h$30.6M$230.0M40xas long as short
Paradex BTC-USD-PERP−0.014%+0.0091%8h$4.4M$6.7M50xas long as short
edgeX BTCUSDC−0.011%+0.0100%4h$278.4M$884.5M100xas long as short
dYdX BTC-USDshort−0.008%0.0000%1h$17.3M$17.5M50x
gTrade (Gains Network) BTC/USD−0.005%L +0.0005% / S −0.0004%1h$36.8M—200xas long as short
GMX BTC/USD [WBTC.b-USDC]−0.005%L +0.0198% / S −0.0175%1h$12.5M—200xas long as short
Phoenix BTC−0.004%−0.0116%1h$1.8M$10.7M40xas long as short
Injective BTC/USDC PERP−0.004%−0.0137%1h$308K$27.0M52xas long as short
Coinbase International BTC-PERP-INTX−0.001%+0.0112%1h$151.6M$6.23B50xas long as short
Deribit BTC-PERPETUALlong0.000%+0.0060%1h$910.8M$1.12B50x
RISEx BTC/USDC+0.005%+0.0132%1h$8.8M$38.7M25xas long as short
Variational Omni BTC+0.005%+0.0098%8h$172.1M$512.2M—as long as short
Vest BTC-PERP+0.013%+0.0100%1h—$11.9M50xas long as short
Hotstuff BTC-PERP+0.014%−0.0080%1h$9K$4K50xas long as short
Jupiter Perps WBTC-PERP+0.024%L +0.0104% / S +0.0048%1h—$89.9M500xas long as short
Kalshi KXBTCPERP+0.024%0.0000%8h$12.8M$585.6M6.4xas long as short
SunX BTC-USDT+0.025%+0.0100%8h$3.3M$6.2M100xas long as short
Hibachi BTC/USDT-P+0.040%+0.0200%1h$705K$7.4M30xas long as short
Aftermath Perps BTCUSD+0.067%+0.0026%1h$86K$154K20xas long as short
Bulk BTC-USD+0.081%+0.0100%1h$558.9M$144.9M40xas long as short
Hyperliquid BTC+0.081%+0.0144%1h$3.91B$4.51B40xas long as short