data as of
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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−$25
spread now−0.035%7d average+0.012%fees + slippage, in and out−$20spread needed0.204%
Long on dYdXShort on Lighter
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongdYdX BTC-USD86,125.90get 0.0000% / 1h42m 32s$16.9M$16.4M50x
ShortLighter BTC86,095.60.0096get 0.0012% / 1h42m 32s$172.6M$915.1M50x

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
−$3.51
Funding while held
$2.88
Slippage, 4 orders
−$10.38
Fee dYdX: 5 bp × 2 orders
−$10
Fee Lighter: 0 bp × 2 orders
$0
Net
−$21.01
Spread needed to break even
0.204%
Slippage from dYdX: live order book, 3 min ago; Lighter: live order book, 8 min ago.

Cost of waiting

funding view
Funding /8h
+0.0096%
Per $10,000 a day
+$2.88
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 dYdX live order book, 3 min ago4.12 bp9.1 bp −$99.1 bp −$9114.0 bp −$1,40416.5 bp −$8,262
Sell Lighter live order book, 8 min ago0.01 bp0.0 bp $00.0 bp $00.9 bp −$923.9 bp −$1,934

BTC price on every exchange

against the cheapest. Click to use as the short leg.
Reya86,056.8cheapestBitget86,066.2+0.011%Katana Perps86,083+0.030%Binance86,087.9+0.036%Popdex86,090+0.039%Bybit86,090.3+0.039%OKX86,090.3+0.039%Nado86,090.4+0.039%
Lighter86,095.6+0.045%
Aster86,095.8+0.045%Polymarket Perps86,096+0.046%Phemex86,099.1+0.049%Extended86,099.1+0.049%KuCoin86,100+0.050%HTX86,100+0.050%BloFin86,100+0.050%Gate86,101.9+0.052%Ondo Perps86,105+0.056%Arcus86,105.9+0.057%Hotstuff86,107+0.058%BingX86,107.6+0.059%SoDEX86,111+0.063%Backpack86,112.1+0.064%01 Exchange86,114.3+0.067%StandX86,117.5+0.071%MEXC86,118.3+0.072%Kraken Futures86,119.2+0.073%Aevo86,119.9+0.073%Lighter RH86,122.5+0.076%SunX86,122.7+0.077%RISEx86,125+0.079%
dYdX86,125.9+0.080%
Bullet86,128.9+0.084%Phoenix86,133+0.089%Orderly86,133.5+0.089%Pacifica86,135+0.091%Derive86,138.1+0.094%ApeX Omni86,143.7+0.101%GMX86,146.8+0.105%Jupiter Perps86,152+0.111%Vest86,152.7+0.112%Paradex86,153+0.112%gTrade (Gains Network)86,153.5+0.112%Perpl86,155+0.114%Bluefin86,159.2+0.119%Hyperliquid86,167+0.128%Coinbase International86,167.6+0.129%Kalshi86,174+0.136%Deribit86,175.8+0.138%Aftermath Perps86,178.9+0.142%edgeX86,186.2+0.150%Variational Omni86,204.5+0.172%Hibachi86,246.6+0.221%Bulk86,256.1+0.232%Injective86,335+0.323%

BTC on 55 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Reya BTCRUSDPERP−0.080%−0.0023%1h$6.7M$137.6M40xas long as short
Bitget BTCUSDT−0.069%−0.0005%8h$2.96B$4.62B150xas long as short
Katana Perps BTC-USD−0.050%+0.0100%8h$199K$5.4M50xas long as short
Binance BTCUSDT−0.044%+0.0077%8h$9.59B$21.39B150xas long as short
Popdex BTCUSDT−0.042%+0.0096%1h$8.5M$44.8M100xas long as short
Bybit BTCUSDT−0.041%+0.0100%8h$5.16B$8.41B150xas long as short
OKX BTC-USDT-SWAP−0.041%+0.0032%8h$2.62B$11.49B100xas long as short
Nado BTC-PERP−0.041%+0.0100%1h$23.6M$229.5M50xas long as short
Lighter BTCshort−0.035%+0.0096%1h$172.6M$915.1M50x
Aster BTCUSDT−0.035%+0.0048%8h$488.5M$1.11B200xas long as short
Show all 55 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Polymarket Perps BTC-USD−0.035%+0.0100%1h$10.9M$11.6M50xas long as short
Phemex BTCUSDT−0.031%−0.0018%8h$157.6M$397.9M150xas long as short
Extended BTC-USD−0.031%+0.0104%1h$48.7M$208.4M50xas long as short
KuCoin XBTUSDTM−0.030%+0.0047%8h$793.1M$615.3M125xas long as short
HTX BTC-USDT−0.030%+0.0059%8h$2.30B$832.9M200xas long as short
BloFin BTC-USDT−0.030%−0.0081%8h$427.3M$537.7M150xas long as short
Gate BTC_USDT−0.028%−0.0013%8h$6.15B$9.26B200xas long as short
Ondo Perps BTC-USD.P−0.024%+0.0100%1h$3.9M$16.3M25xas long as short
Arcus BTC-USD−0.023%+0.0100%1h$5.5M$81.7M40xas long as short
Hotstuff BTC-PERP−0.022%−0.0080%1h$9K$3K50xas long as short
BingX BTC-USDC−0.021%−0.0005%8h—$14.8M—as long as short
SoDEX BTC-USD−0.017%+0.0038%1h$61.1M$283.3M40xas long as short
Backpack BTC_USDC_PERP−0.016%+0.0100%1h$39.2M$103.6M75xas long as short
01 Exchange BTCUSD−0.013%−0.0080%1h$287K$2.4M50xas long as short
StandX BTC-USD−0.010%+0.0100%1h$30.7M$237.5M40xas long as short
MEXC BTC_USDT−0.009%+0.0078%8h$5.07B$5.00B500xas long as short
Kraken Futures PF_XBTUSD−0.008%+0.0071%1h$184.7M$806.4M100xas long as short
Aevo BTC-PERP−0.007%+0.0080%1h$2.4M$1.6M20xas long as short
Lighter RH BTC−0.004%+0.0096%1h$24.9M$136.9M50xas long as short
SunX BTC-USDT−0.004%+0.0100%8h$3.3M$5.8M100xas long as short
RISEx BTC/USDC−0.001%+0.0128%1h$8.5M$38.7M25xas long as short
dYdX BTC-USDlong0.000%0.0000%1h$16.9M$16.4M50x
Bullet BTC-USD+0.004%+0.0100%1h$245K$3.3M20xas long as short
Phoenix BTC+0.008%−0.0086%1h$2.0M$10.8M40xas long as short
Orderly PERP_BTC_USDC+0.009%+0.0100%8h$2.4M$7.1M100xas long as short
Pacifica BTC+0.011%+0.0100%1h$37.1M$342.8M50xas long as short
Derive BTC-PERP+0.014%+0.0100%1h$30.2M$58.1M15xas long as short
ApeX Omni BTCUSDT+0.021%−0.0118%1h$139.1M$318.6M100xas long as short
GMX BTC/USD [WBTC.b-USDC]+0.024%L +0.0198% / S −0.0176%1h$12.5M—200xas long as short
Jupiter Perps WBTC-PERP+0.030%L +0.0104% / S +0.0048%1h—$88.2M500xas long as short
Vest BTC-PERP+0.031%+0.0100%1h—$12.6M50xas long as short
Paradex BTC-USD-PERP+0.032%+0.0084%8h$4.4M$6.6M50xas long as short
gTrade (Gains Network) BTC/USD+0.032%L +0.0005% / S −0.0004%1h$36.9M—200xas long as short
Perpl BTC+0.034%−0.0223%43m$456K$30.0M6.7xas long as short
Bluefin BTC-PERP+0.039%+0.0100%1h$144K$406K40xas long as short
Hyperliquid BTC+0.048%+0.0271%1h$3.92B$4.33B40xas long as short
Coinbase International BTC-PERP-INTX+0.048%+0.0104%1h$150.3M$6.25B50xas long as short
Kalshi KXBTCPERP+0.056%+0.0111%8h$10.5M$558.5M6.4xas long as short
Deribit BTC-PERPETUAL+0.058%+0.0207%1h$886.0M$1.04B50xas long as short
Aftermath Perps BTCUSD+0.062%−0.0068%1h$87K$155K20xas long as short
edgeX BTCUSDC+0.070%−0.0091%4h$278.6M$864.2M100xas long as short
Variational Omni BTC+0.091%+0.0100%8h$171.1M$505.8M—as long as short
Hibachi BTC/USDT-P+0.140%+0.0152%1h$627K$7.3M30xas long as short
Bulk BTC-USD+0.151%+0.0100%1h$547.8M$93.7M40xas long as short
Injective BTC/USDC PERP+0.243%+0.0108%1h$305K$27.0M52xas long as short