data as of
Settings8H · net · $10k
FundingCostsSizeExchangesMy alerts
Price arb /

BTC

all BTC markets
SwapFunding view
Alert
My alerts

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−$19
spread now−0.002%7d average−0.036%fees + slippage, in and out−$22spread needed0.223%
Long on gTrade (Gains Network)Short on Bluefin
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LonggTrade (Gains Network) BTC/USD85,850.8L +0.0005% / S −0.0004%pay 0.0001% / 1h54m 57s$36.8M—200x
ShortBluefin BTC-PERP85,848.80.0100get 0.0013% / 1h54m 57s$143K$408K40x

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
−$0.23
Funding while held
$2.86
Slippage, 4 orders
−$8.26
Fee gTrade (Gains Network): 3.5 bp × 2 orders
−$7
Fee Bluefin: 3.5 bp × 2 orders
−$7
Net
−$19.63
Spread needed to break even
0.223%
Slippage from gTrade (Gains Network): virtual book (oracle venue), 1 min ago; Bluefin: live order book, 56 min ago.

Cost of waiting

funding view
Funding /8h
+0.0095%
Per $10,000 a day
+$2.86
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 gTrade (Gains Network) virtual book (oracle venue), 1 min ago0.51 bp4.0 bp −$44.1 bp −$414.5 bp −$4466.4 bp −$3,181
Sell Bluefin live order book, 56 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.
Bybit85,721.6cheapestOKX85,722.3+0.001%Arcus85,770.7+0.057%Binance85,788.7+0.078%BingX85,788.8+0.078%KuCoin85,789.3+0.079%Gate85,789.5+0.079%Extended85,791.8+0.082%MEXC85,794.8+0.085%Bitget85,795.2+0.086%HTX85,799.9+0.091%Reya85,800.4+0.092%Popdex85,801+0.093%Phemex85,801.5+0.093%Bulk85,802.9+0.095%SoDEX85,804+0.096%BloFin85,806.4+0.099%Aevo85,807.5+0.100%Bullet85,810+0.103%Katana Perps85,811+0.104%Nado85,814.1+0.108%Lighter RH85,815.7+0.110%Lighter85,816.6+0.111%Polymarket Perps85,818+0.113%Aster85,819.3+0.114%Orderly85,820.1+0.115%Perpl85,821.2+0.116%Backpack85,821.9+0.117%01 Exchange85,825.3+0.121%Pacifica85,831.9+0.129%SunX85,832.5+0.129%Ondo Perps85,835+0.132%Paradex85,841.9+0.140%Jupiter Perps85,842.3+0.141%RISEx85,848.5+0.148%
Bluefin85,848.8+0.148%
GMX85,849.6+0.149%
gTrade (Gains Network)85,850.8+0.151%
dYdX85,853.8+0.154%Kraken Futures85,854+0.155%Phoenix85,860+0.161%Kalshi85,863+0.165%Hotstuff85,867+0.170%Derive85,869.3+0.172%Vest85,870.1+0.173%Variational Omni85,871.2+0.175%edgeX85,874.2+0.178%Deribit85,877.7+0.182%StandX85,878.9+0.184%ApeX Omni85,881.8+0.187%Coinbase International85,882+0.187%Injective85,904+0.213%Hyperliquid85,909+0.219%Hibachi85,911.7+0.222%Aftermath Perps85,938.2+0.253%

BTC on 55 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Bybit BTCUSDT−0.151%+0.0035%8h$5.20B$8.63B150xas long as short
OKX BTC-USDT-SWAP−0.150%+0.0020%8h$2.66B$11.68B100xas long as short
Arcus BTC-USD−0.093%+0.0100%1h$6.4M$84.7M40xas long as short
Binance BTCUSDT−0.072%+0.0052%8h$9.48B$22.08B150xas long as short
BingX BTC-USDC−0.072%−0.0004%8h—$15.0M—as long as short
KuCoin XBTUSDTM−0.072%+0.0020%8h$789.2M$617.5M125xas long as short
Gate BTC_USDT−0.071%−0.0084%8h$6.08B$9.27B200xas long as short
Extended BTC-USD−0.069%+0.0088%1h$49.0M$209.1M50xas long as short
MEXC BTC_USDT−0.065%+0.0053%8h$5.09B$5.13B500xas long as short
Bitget BTCUSDT−0.065%−0.0005%8h$2.96B$4.71B150xas long as short
Show all 55 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
HTX BTC-USDT−0.059%+0.0009%8h$2.29B$854.0M200xas long as short
Reya BTCRUSDPERP−0.059%−0.0020%1h$6.7M$138.0M40xas long as short
Popdex BTCUSDT−0.058%+0.0024%1h$8.5M$45.8M100xas long as short
Phemex BTCUSDT−0.057%+0.0060%8h$152.3M$410.9M150xas long as short
Bulk BTC-USD−0.056%+0.0079%1h$557.9M$149.5M40xas long as short
SoDEX BTC-USD−0.055%−0.0089%1h$60.9M$283.6M40xas long as short
BloFin BTC-USDT−0.052%−0.0068%8h$421.9M$567.3M150xas long as short
Aevo BTC-PERP−0.050%+0.0056%1h$2.4M$1.5M20xas long as short
Bullet BTC-USD−0.048%+0.0100%1h$242K$3.3M20xas long as short
Katana Perps BTC-USD−0.046%+0.0100%8h$196K$5.6M50xas long as short
Nado BTC-PERP−0.043%+0.0100%1h$23.8M$230.2M50xas long as short
Lighter RH BTC−0.041%+0.0096%1h$24.8M$132.8M50xas long as short
Lighter BTC−0.040%+0.0096%1h$173.0M$899.6M50xas long as short
Polymarket Perps BTC-USD−0.038%+0.0100%1h$11.0M$11.7M50xas long as short
Aster BTCUSDT−0.037%+0.0036%8h$487.1M$1.13B200xas long as short
Orderly PERP_BTC_USDC−0.036%+0.0100%8h$2.3M$7.3M100xas long as short
Perpl BTC−0.034%−0.0112%43m$404K$29.3M6.7xas long as short
Backpack BTC_USDC_PERP−0.034%+0.0100%1h$38.6M$111.0M75xas long as short
01 Exchange BTCUSD−0.030%−0.0048%1h$288K$2.4M50xas long as short
Pacifica BTC−0.022%+0.0100%1h$37.0M$362.8M50xas long as short
SunX BTC-USDT−0.021%+0.0100%8h$3.3M$6.2M100xas long as short
Ondo Perps BTC-USD.P−0.018%+0.0100%1h$3.9M$16.3M25xas long as short
Paradex BTC-USD-PERP−0.010%+0.0091%8h$4.4M$6.8M50xas long as short
Jupiter Perps WBTC-PERP−0.010%L +0.0104% / S +0.0048%1h—$89.9M500xas long as short
RISEx BTC/USDC−0.003%+0.0132%1h$8.8M$38.7M25xas long as short
Bluefin BTC-PERPshort−0.002%+0.0100%1h$143K$408K40x
GMX BTC/USD [WBTC.b-USDC]−0.001%L +0.0198% / S −0.0175%1h$12.5M—200xas long as short
gTrade (Gains Network) BTC/USDlong0.000%L +0.0005% / S −0.0004%1h$36.8M—200x
dYdX BTC-USD+0.003%0.0000%1h$17.3M$17.6M50xas long as short
Kraken Futures PF_XBTUSD+0.004%−0.0040%1h$187.5M$824.1M100xas long as short
Phoenix BTC+0.011%−0.0116%1h$1.8M$11.4M40xas long as short
Kalshi KXBTCPERP+0.014%0.0000%8h$12.8M$586.2M6.4xas long as short
Hotstuff BTC-PERP+0.019%−0.0080%1h$9K$4K50xas long as short
Derive BTC-PERP+0.022%+0.0091%1h$30.3M$59.5M15xas long as short
Vest BTC-PERP+0.022%+0.0100%1h—$11.9M50xas long as short
Variational Omni BTC+0.024%+0.0096%8h$171.5M$511.0M—as long as short
edgeX BTCUSDC+0.027%+0.0100%4h$278.4M$883.3M100xas long as short
Deribit BTC-PERPETUAL+0.031%+0.0083%1h$910.8M$1.12B50xas long as short
StandX BTC-USD+0.033%+0.0096%1h$30.6M$229.8M40xas long as short
ApeX Omni BTCUSDT+0.036%−0.0113%1h$139.4M$318.1M100xas long as short
Coinbase International BTC-PERP-INTX+0.036%+0.0112%1h$151.6M$6.22B50xas long as short
Injective BTC/USDC PERP+0.062%−0.0137%1h$308K$27.0M52xas long as short
Hyperliquid BTC+0.068%+0.0127%1h$3.90B$4.52B40xas long as short
Hibachi BTC/USDT-P+0.071%+0.0192%1h$716K$7.4M30xas long as short
Aftermath Perps BTCUSD+0.102%+0.0029%1h$87K$156K20xas long as short