data as of
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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−$27
spread now−0.132%7d average−0.017%fees + slippage, in and out−$15spread needed0.155%
Long on DeribitShort on Pacifica
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongDeribit BTC-PERPETUAL86,096.80.0196pay 0.0024% / 1h44m 09s$915.5M$1.11B50x
ShortPacifica BTC85,983.30.0100get 0.0013% / 1h44m 09s$36.7M$411.8M50x

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
−$13.19
Funding while held
−$2.87
Slippage, 4 orders
−$0.45
Fee Deribit: 3.5 bp × 2 orders
−$7
Fee Pacifica: 4 bp × 2 orders
−$8
Net
−$31.51
Spread needed to break even
0.155%
Slippage from Deribit: live order book, 1 min ago; Pacifica: live order book, 1 min ago.

Cost of waiting

funding view
Funding /8h
−0.0096%
Per $10,000 a day
−$2.87
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, 1 min ago0.03 bp3.5 bp −$44.7 bp −$477.5 bp −$75310.8 bp −$5,390
Sell Pacifica live order book, 1 min ago0.06 bp4.1 bp −$44.4 bp −$44doesn't fitdoesn't fit

BTC price on every exchange

against the cheapest. Click to use as the short leg.
Injective85,720cheapestBulk85,911.1+0.223%edgeX85,946.3+0.264%ApeX Omni85,947+0.265%Ondo Perps85,949+0.267%Variational Omni85,952.4+0.271%Arcus85,952.8+0.272%BloFin85,954.7+0.274%StandX85,959.3+0.279%Nado85,961.9+0.282%Aftermath Perps85,970.4+0.292%Hotstuff85,975+0.297%Perpl85,979.9+0.303%HTX85,980+0.303%Katana Perps85,981+0.304%
Pacifica85,983.3+0.307%
Phoenix85,985+0.309%SunX85,986+0.310%Jupiter Perps85,986.9+0.311%Hibachi85,993.2+0.319%Popdex85,999+0.325%Aster85,999.9+0.327%Reya86,002.1+0.329%RISEx86,003.8+0.331%Paradex86,004.7+0.332%Gate86,011+0.339%Bullet86,011+0.339%Binance86,012.5+0.341%MEXC86,012.6+0.341%KuCoin86,012.6+0.341%Extended86,013.4+0.342%SoDEX86,014+0.343%dYdX86,014.1+0.343%01 Exchange86,015.4+0.345%Polymarket Perps86,016+0.345%Phemex86,016.6+0.346%Bitget86,017.5+0.347%Aevo86,017.9+0.348%Bybit86,024.9+0.356%BingX86,026.5+0.358%OKX86,027.3+0.358%Orderly86,029.4+0.361%Lighter86,029.6+0.361%Kalshi86,031+0.363%Backpack86,034.3+0.367%Lighter RH86,036.7+0.369%Vest86,038.1+0.371%Derive86,041.6+0.375%GMX86,048.5+0.383%Bluefin86,052.3+0.388%gTrade (Gains Network)86,057.1+0.393%Kraken Futures86,063.4+0.401%Coinbase International86,094+0.436%
Deribit86,096.8+0.440%
Hyperliquid86,121+0.468%

BTC on 55 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Injective BTC/USDC PERP−0.438%−0.0006%1h$307K$27.0M52xas long as short
Bulk BTC-USD−0.216%+0.0002%1h$562.2M$127.9M40xas long as short
edgeX BTCUSDC−0.175%+0.0100%4h$280.6M$884.5M100xas long as short
ApeX Omni BTCUSDT−0.174%+0.0094%1h$140.0M$319.9M100xas long as short
Ondo Perps BTC-USD.P−0.172%+0.0100%1h$4.1M$17.3M25xas long as short
Variational Omni BTC−0.168%+0.0075%8h$170.5M$505.3M—as long as short
Arcus BTC-USD−0.167%−0.0299%1h$6.7M$85.4M40xas long as short
BloFin BTC-USDT−0.165%−0.0088%8h$421.8M$568.2M150xas long as short
StandX BTC-USD−0.160%+0.0100%1h$30.7M$215.3M40xas long as short
Nado BTC-PERP−0.157%+0.0100%1h$23.2M$226.9M50xas long as short
Show all 55 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Aftermath Perps BTCUSD−0.147%+0.0034%1h$87K$152K20xas long as short
Hotstuff BTC-PERP−0.141%−0.0080%1h$9K$4K50xas long as short
Perpl BTC−0.136%−0.0447%43m$404K$26.2M6.7xas long as short
HTX BTC-USDT−0.136%+0.0091%8h$2.29B$846.6M200xas long as short
Katana Perps BTC-USD−0.135%+0.0100%8h$201K$5.9M50xas long as short
Pacifica BTCshort−0.132%+0.0100%1h$36.7M$411.8M50x
Phoenix BTC−0.130%−0.0082%1h$1.9M$11.0M40xas long as short
SunX BTC-USDT−0.129%+0.0100%8h$3.4M$5.8M100xas long as short
Jupiter Perps WBTC-PERP−0.128%L +0.0104% / S +0.0048%1h—$83.9M500xas long as short
Hibachi BTC/USDT-P−0.120%+0.0104%1h$753K$6.6M30xas long as short
Popdex BTCUSDT−0.114%+0.0072%1h$8.5M$46.2M100xas long as short
Aster BTCUSDT−0.113%+0.0019%8h$505.5M$1.09B200xas long as short
Reya BTCRUSDPERP−0.110%−0.0017%1h$6.8M$138.3M40xas long as short
RISEx BTC/USDC−0.108%+0.0031%1h$9.0M$38.6M25xas long as short
Paradex BTC-USD-PERP−0.107%+0.0098%8h$4.4M$6.9M50xas long as short
Gate BTC_USDT−0.100%+0.0034%8h$6.06B$9.59B200xas long as short
Bullet BTC-USD−0.100%+0.0100%1h$234K$3.3M20xas long as short
Binance BTCUSDT−0.098%+0.0032%8h$9.49B$22.05B150xas long as short
MEXC BTC_USDT−0.098%+0.0032%8h$5.17B$5.10B500xas long as short
KuCoin XBTUSDTM−0.098%−0.0006%8h$806.0M$619.3M125xas long as short
Extended BTC-USD−0.097%+0.0088%1h$48.5M$199.0M50xas long as short
SoDEX BTC-USD−0.096%+0.0025%1h$61.0M$284.8M40xas long as short
dYdX BTC-USD−0.096%−0.0001%1h$17.2M$18.1M50xas long as short
01 Exchange BTCUSD−0.095%−0.0048%1h$311K$2.4M50xas long as short
Polymarket Perps BTC-USD−0.094%+0.0100%1h$11.0M$12.0M50xas long as short
Phemex BTCUSDT−0.093%−0.0009%8h$149.8M$422.7M150xas long as short
Bitget BTCUSDT−0.092%+0.0001%8h$2.96B$4.68B150xas long as short
Aevo BTC-PERP−0.092%+0.0032%1h$2.4M$1.3M20xas long as short
Bybit BTCUSDT−0.084%+0.0030%8h$5.28B$8.65B150xas long as short
BingX BTC-USDC−0.082%+0.0001%8h—$14.5M—as long as short
OKX BTC-USDT-SWAP−0.081%+0.0025%8h$2.67B$11.59B100xas long as short
Orderly PERP_BTC_USDC−0.078%+0.0100%8h$2.4M$7.4M100xas long as short
Lighter BTC−0.078%+0.0096%1h$172.6M$945.5M50xas long as short
Kalshi KXBTCPERP−0.076%0.0000%8h$12.0M$651.4M6.4xas long as short
Backpack BTC_USDC_PERP−0.073%+0.0100%1h$37.7M$133.1M75xas long as short
Lighter RH BTC−0.070%+0.0096%1h$24.5M$137.5M50xas long as short
Vest BTC-PERP−0.068%+0.0100%1h—$11.5M50xas long as short
Derive BTC-PERP−0.064%+0.0100%1h$30.4M$58.8M15xas long as short
GMX BTC/USD [WBTC.b-USDC]−0.056%L +0.0172% / S −0.0153%1h$12.7M—200xas long as short
Bluefin BTC-PERP−0.052%+0.0100%1h$144K$411K40xas long as short
gTrade (Gains Network) BTC/USD−0.046%L +0.0005% / S −0.0004%1h$36.8M—200xas long as short
Kraken Futures PF_XBTUSD−0.039%−0.0019%1h$188.5M$817.0M100xas long as short
Coinbase International BTC-PERP-INTX−0.003%+0.0200%1h$129.4M$5.85B50xas long as short
Deribit BTC-PERPETUALlong0.000%+0.0196%1h$915.5M$1.11B50x
Hyperliquid BTC+0.028%+0.0201%1h$4.00B$4.47B40xas long as short