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+0.065%7d average+0.048%fees + slippage, in and out−$22spread needed0.221%
Long on GateShort on Deribit
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate BTC_USDT85,203.2−0.0018get 0.0018% / 8h1h 50m$6.00B$8.43B200x
ShortDeribit BTC-PERPETUAL85,258.20.0506get 0.0063% / 1h50m 23s$849.1M$919.5M50x

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
$6.46
Funding while held
$15.71
Slippage, 4 orders
−$0.07
Fee Gate: 7.5 bp × 2 orders
−$15
Fee Deribit: 3.5 bp × 2 orders
−$7
Net
$0.1
Spread needed to break even
0.221%
Slippage from Gate: live order book, 5 min ago; Deribit: live order book, just now.

Cost of waiting

funding view
Funding /8h
+0.0524%
Per $10,000 a day
+$15.71
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 Gate live order book, 5 min ago0.01 bp7.5 bp −$88.0 bp −$808.6 bp −$86014.3 bp −$7,150
Sell Deribit live order book, just now0.03 bp3.5 bp −$43.6 bp −$367.5 bp −$75116.7 bp −$8,361

BTC price on every exchange

against the cheapest. Click to use as the short leg.
ApeX Omni85,007.3cheapestedgeX85,053.1+0.054%Derive85,058.2+0.060%Backpack85,074.9+0.080%HTX85,082.5+0.088%Hotstuff85,088+0.095%BloFin85,088.4+0.095%Hibachi85,089.4+0.097%Kalshi85,124+0.137%Katana Perps85,140+0.156%Extended85,153.4+0.172%Variational Omni85,162.2+0.182%Arcus85,162.6+0.183%01 Exchange85,163.8+0.184%Phemex85,164.5+0.185%Perpl85,165.2+0.186%Lighter RH85,166.1+0.187%Popdex85,171+0.193%StandX85,175+0.197%Aevo85,175.6+0.198%Orderly85,176.5+0.199%Jupiter Perps85,177.1+0.200%OKX85,177.8+0.201%SunX85,181.4+0.205%Lighter85,182.1+0.206%SoDEX85,183+0.207%KuCoin85,183.5+0.207%Bitget85,186.3+0.211%dYdX85,188.9+0.214%Nado85,190+0.215%Kraken Futures85,190.6+0.216%Ondo Perps85,194+0.220%RISEx85,197.1+0.223%Pacifica85,198+0.224%Aster85,198.8+0.225%Reya85,200.2+0.227%Bybit85,200.9+0.228%Injective85,202+0.229%
Gate85,203.2+0.230%
Binance85,203.4+0.231%BingX85,203.6+0.231%Bluefin85,207.6+0.236%gTrade (Gains Network)85,211.9+0.241%Paradex85,212.2+0.241%Coinbase International85,215.6+0.245%Bullet85,216+0.246%GMX85,216.5+0.246%MEXC85,217.5+0.247%Polymarket Perps85,220+0.250%Vest85,225.2+0.256%Aftermath Perps85,246.2+0.281%
Deribit85,258.2+0.295%
Hyperliquid85,260.6+0.298%Bulk85,463.5+0.537%Phoenix85,490+0.568%

BTC on 55 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
ApeX Omni BTCUSDT−0.230%−0.0172%1h$137.1M$315.6M100xas long as short
edgeX BTCUSDC−0.176%−0.0114%4h$281.7M$788.6M100xas long as short
Derive BTC-PERP−0.170%−0.0016%1h$27.7M$54.7M15xas long as short
Backpack BTC_USDC_PERP−0.151%+0.0100%1h$38.8M$101.8M75xas long as short
HTX BTC-USDT−0.142%+0.0024%8h$2.28B$777.8M200xas long as short
Hotstuff BTC-PERP−0.135%−0.0080%1h$8K$3K50xas long as short
BloFin BTC-USDT−0.135%+0.0215%8h$421.4M$477.0M150xas long as short
Hibachi BTC/USDT-P−0.133%+0.0200%1h$630K$7.6M30xas long as short
Kalshi KXBTCPERP−0.093%0.0000%8h$8.1M$492.9M6.4xas long as short
Katana Perps BTC-USD−0.074%+0.0100%8h$209K$4.9M50xas long as short
Show all 55 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Extended BTC-USD−0.058%+0.0104%1h$47.0M$199.5M50xas long as short
Variational Omni BTC−0.048%+0.0100%8h$171.1M$466.0M—as long as short
Arcus BTC-USD−0.048%+0.0100%1h$6.1M$77.1M40xas long as short
01 Exchange BTCUSD−0.046%−0.0032%1h$279K$2.3M50xas long as short
Phemex BTCUSDT−0.045%−0.0016%8h$158.1M$371.2M150xas long as short
Perpl BTC−0.045%−0.0447%43m$431K$31.6M6.7xas long as short
Lighter RH BTC−0.043%+0.0096%1h$25.2M$130.6M50xas long as short
Popdex BTCUSDT−0.038%+0.0096%1h$8.4M$40.2M100xas long as short
StandX BTC-USD−0.033%+0.0100%1h$30.4M$246.9M40xas long as short
Aevo BTC-PERP−0.032%+0.0096%1h$2.4M$1.7M20xas long as short
Orderly PERP_BTC_USDC−0.031%+0.0100%8h$2.3M$6.7M100xas long as short
Jupiter Perps WBTC-PERP−0.031%L +0.0104% / S +0.0048%1h—$85.3M500xas long as short
OKX BTC-USDT-SWAP−0.030%+0.0058%8h$2.55B$10.61B100xas long as short
SunX BTC-USDT−0.026%+0.0100%8h$3.3M$5.3M100xas long as short
Lighter BTC−0.025%+0.0096%1h$182.0M$845.4M50xas long as short
SoDEX BTC-USD−0.024%+0.0054%1h$61.1M$234.5M40xas long as short
KuCoin XBTUSDTM−0.023%+0.0067%8h$800.7M$574.4M125xas long as short
Bitget BTCUSDT−0.020%−0.0011%8h$2.95B$4.26B150xas long as short
dYdX BTC-USD−0.017%0.0000%1h$16.0M$13.8M50xas long as short
Nado BTC-PERP−0.015%+0.0100%1h$23.5M$220.4M50xas long as short
Kraken Futures PF_XBTUSD−0.015%+0.0042%1h$185.6M$746.2M100xas long as short
Ondo Perps BTC-USD.P−0.011%+0.0100%1h$3.9M$15.5M25xas long as short
RISEx BTC/USDC−0.007%+0.0178%1h$8.5M$36.6M25xas long as short
Pacifica BTC−0.006%+0.0100%1h$36.2M$310.2M50xas long as short
Aster BTCUSDT−0.005%+0.0037%8h$486.5M$989.9M200xas long as short
Reya BTCRUSDPERP−0.004%−0.0035%1h$6.8M$136.0M40xas long as short
Bybit BTCUSDT−0.003%+0.0100%8h$5.04B$7.77B150xas long as short
Injective BTC/USDC PERP−0.001%+0.0180%1h$306K$27.0M52xas long as short
Gate BTC_USDTlong0.000%−0.0018%8h$6.00B$8.43B200x
Binance BTCUSDT0.000%+0.0094%8h$9.48B$19.39B150xas long as short
BingX BTC-USDT+0.001%−0.0011%8h—$1.29B—as long as short
Bluefin BTC-PERP+0.005%+0.0100%1h$142K$399K40xas long as short
gTrade (Gains Network) BTC/USD+0.010%L +0.0004% / S −0.0004%1h$36.4M—200xas long as short
Paradex BTC-USD-PERP+0.011%+0.0084%8h$4.3M$6.5M50xas long as short
Coinbase International BTC-PERP-INTX+0.015%+0.0112%1h$142.7M$6.09B50xas long as short
Bullet BTC-USD+0.015%+0.0100%1h$248K$3.3M20xas long as short
GMX BTC/USD [WBTC.b-USDC]+0.016%L +0.0196% / S −0.0203%1h$12.9M—200xas long as short
MEXC BTC_USDT+0.017%+0.0094%8h$4.92B$4.62B500xas long as short
Polymarket Perps BTC-USD+0.020%+0.0100%1h$10.8M$10.5M50xas long as short
Vest BTC-PERP+0.026%+0.0100%1h—$13.1M50xas long as short
Aftermath Perps BTCUSD+0.051%−0.0046%1h$83K$140K20xas long as short
Deribit BTC-PERPETUALshort+0.065%+0.0506%1h$849.1M$919.5M50x
Hyperliquid BTC+0.067%+0.0110%1h$3.83B$4.07B40xas long as short
Bulk BTC-USD+0.306%+0.0100%1h$534.4M$59.0M40xas long as short
Phoenix BTC+0.337%+0.0015%1h$1.6M$10.8M40xas long as short