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−$22
spread now0.000%7d average+0.006%fees + slippage, in and out−$22spread needed0.219%
Long on GateShort on Popdex
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate BTC_USDT85,8970.0033pay 0.0033% / 8h5h 33m$6.06B$9.63B200x
ShortPopdex BTCUSDT85,8970.0056get 0.0007% / 1h33m 13s$8.5M$46.3M100x

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
Funding while held
$0.69
Slippage, 4 orders
−$0.45
Fee Gate: 7.5 bp × 2 orders
−$15
Fee Popdex: 3.2 bp × 2 orders
−$6.4
Net
−$21.16
Spread needed to break even
0.219%
Slippage from Gate: live order book, 2 min ago; Popdex: live order book, 2 min ago.

Cost of waiting

funding view
Funding /8h
+0.0023%
Per $10,000 a day
+$0.69
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, 2 min ago0.01 bp7.5 bp −$87.5 bp −$759.2 bp −$91511.8 bp −$5,912
Sell Popdex live order book, 2 min ago0.06 bp3.4 bp −$33.4 bp −$343.6 bp −$3604.7 bp −$2,361

BTC price on every exchange

against the cheapest. Click to use as the short leg.
HTX85,875.1cheapestBulk85,890.4+0.018%
Gate85,897+0.025%
Popdex85,897+0.026%
Aevo85,897.3+0.026%Nado85,898.1+0.027%KuCoin85,898.6+0.027%Extended85,898.6+0.027%Backpack85,898.8+0.028%Aster85,900.2+0.029%Reya85,901.8+0.031%Katana Perps85,902+0.031%SoDEX85,902+0.031%BloFin85,902.2+0.032%SunX85,902.8+0.032%Arcus85,902.9+0.032%Ondo Perps85,904+0.034%Bullet85,907+0.037%Perpl85,910+0.041%Phemex85,910+0.041%Binance85,912.6+0.044%BingX85,912.8+0.044%Phoenix85,913+0.044%Lighter85,915.9+0.048%Bitget85,915.9+0.048%Polymarket Perps85,916+0.048%MEXC85,917.4+0.049%Hotstuff85,919+0.051%Orderly85,920+0.052%01 Exchange85,920.2+0.053%Derive85,921.2+0.054%Pacifica85,921.7+0.054%Bybit85,924.8+0.058%OKX85,926.9+0.060%RISEx85,930+0.064%Bluefin85,932.2+0.066%Lighter RH85,932.8+0.067%gTrade (Gains Network)85,940.1+0.076%GMX85,940.4+0.076%Jupiter Perps85,940.4+0.076%Paradex85,940.9+0.077%Kalshi85,944+0.080%Kraken Futures85,944.7+0.081%StandX85,945.3+0.082%dYdX85,947.2+0.084%Vest85,958.1+0.097%ApeX Omni85,959.4+0.098%edgeX85,973.9+0.115%Coinbase International85,976+0.117%Aftermath Perps85,981.7+0.124%Deribit85,985.2+0.128%Variational Omni85,993.9+0.138%Hyperliquid85,994+0.138%Hibachi86,005.5+0.152%Injective86,066+0.222%

BTC on 55 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
HTX BTC-USDT−0.025%+0.0064%8h$2.29B$847.7M200xas long as short
Bulk BTC-USD−0.008%+0.0010%1h$563.2M$127.1M40xas long as short
Gate BTC_USDTlong0.000%+0.0033%8h$6.06B$9.63B200x
Popdex BTCUSDTshort0.000%+0.0056%1h$8.5M$46.3M100x
Aevo BTC-PERP0.000%+0.0032%1h$2.4M$1.3M20xas long as short
Nado BTC-PERP+0.001%+0.0100%1h$23.1M$226.8M50xas long as short
KuCoin XBTUSDTM+0.002%−0.0007%8h$806.5M$620.3M125xas long as short
Extended BTC-USD+0.002%+0.0088%1h$48.5M$200.4M50xas long as short
Backpack BTC_USDC_PERP+0.002%+0.0100%1h$37.6M$135.4M75xas long as short
Aster BTCUSDT+0.004%+0.0017%8h$505.1M$1.10B200xas long as short
Show all 55 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Reya BTCRUSDPERP+0.006%−0.0017%1h$6.7M$138.4M40xas long as short
Katana Perps BTC-USD+0.006%+0.0100%8h$192K$5.9M50xas long as short
SoDEX BTC-USD+0.006%−0.0003%1h$60.9M$285.2M40xas long as short
BloFin BTC-USDT+0.006%−0.0089%8h$421.9M$567.7M150xas long as short
SunX BTC-USDT+0.007%+0.0100%8h$3.4M$5.8M100xas long as short
Arcus BTC-USD+0.007%−0.0299%1h$6.7M$86.1M40xas long as short
Ondo Perps BTC-USD.P+0.008%+0.0100%1h$4.0M$17.4M25xas long as short
Bullet BTC-USD+0.012%+0.0100%1h$234K$3.3M20xas long as short
Perpl BTC+0.015%−0.0447%43m$402K$26.1M6.7xas long as short
Phemex BTCUSDT+0.015%+0.0022%8h$151.2M$423.9M150xas long as short
Binance BTCUSDT+0.018%+0.0031%8h$9.51B$22.10B150xas long as short
BingX BTC-USDC+0.018%+0.0001%8h—$14.4M—as long as short
Phoenix BTC+0.019%−0.0082%1h$2.0M$11.0M40xas long as short
Lighter BTC+0.022%+0.0096%1h$172.0M$949.2M50xas long as short
Bitget BTCUSDT+0.022%+0.0002%8h$2.96B$4.68B150xas long as short
Polymarket Perps BTC-USD+0.022%+0.0100%1h$11.0M$12.2M50xas long as short
MEXC BTC_USDT+0.024%+0.0031%8h$5.16B$5.12B500xas long as short
Hotstuff BTC-PERP+0.026%−0.0080%1h$9K$4K50xas long as short
Orderly PERP_BTC_USDC+0.027%+0.0098%8h$2.4M$7.4M100xas long as short
01 Exchange BTCUSD+0.027%−0.0048%1h$311K$2.4M50xas long as short
Derive BTC-PERP+0.028%+0.0100%1h$30.4M$58.9M15xas long as short
Pacifica BTC+0.029%+0.0100%1h$36.8M$416.1M50xas long as short
Bybit BTCUSDT+0.032%+0.0035%8h$5.28B$8.67B150xas long as short
OKX BTC-USDT-SWAP+0.035%+0.0028%8h$2.67B$11.60B100xas long as short
RISEx BTC/USDC+0.038%+0.0031%1h$9.1M$38.8M25xas long as short
Bluefin BTC-PERP+0.041%+0.0100%1h$144K$411K40xas long as short
Lighter RH BTC+0.042%+0.0096%1h$24.4M$138.0M50xas long as short
gTrade (Gains Network) BTC/USD+0.050%L +0.0005% / S −0.0004%1h$36.8M—200xas long as short
GMX BTC/USD [WBTC.b-USDC]+0.051%L +0.0172% / S −0.0153%1h$12.7M—200xas long as short
Jupiter Perps WBTC-PERP+0.051%L +0.0104% / S +0.0048%1h—$83.9M500xas long as short
Paradex BTC-USD-PERP+0.051%+0.0099%8h$4.4M$6.9M50xas long as short
Kalshi KXBTCPERP+0.055%0.0000%8h$11.7M$655.0M6.4xas long as short
Kraken Futures PF_XBTUSD+0.056%−0.0019%1h$189.0M$817.9M100xas long as short
StandX BTC-USD+0.056%+0.0100%1h$30.7M$214.9M40xas long as short
dYdX BTC-USD+0.058%−0.0001%1h$17.2M$18.1M50xas long as short
Vest BTC-PERP+0.071%+0.0100%1h—$11.5M50xas long as short
ApeX Omni BTCUSDT+0.073%+0.0016%1h$140.2M$320.3M100xas long as short
edgeX BTCUSDC+0.090%+0.0100%4h$281.0M$883.9M100xas long as short
Coinbase International BTC-PERP-INTX+0.092%+0.0200%1h$129.7M$5.84B50xas long as short
Aftermath Perps BTCUSD+0.099%+0.0007%1h$87K$157K20xas long as short
Deribit BTC-PERPETUAL+0.103%+0.0231%1h$915.8M$1.11B50xas long as short
Variational Omni BTC+0.113%+0.0075%8h$171.2M$505.6M—as long as short
Hyperliquid BTC+0.113%+0.0181%1h$3.96B$4.49B40xas long as short
Hibachi BTC/USDT-P+0.126%+0.0096%1h$753K$6.5M30xas long as short
Injective BTC/USDC PERP+0.197%−0.0006%1h$309K$27.0M52xas long as short