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−$24
spread now0.000%7d average+0.017%fees + slippage, in and out−$22spread needed0.220%
Long on HTXShort on Binance
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX BTC-USDT85,939.30.0051pay 0.0051% / 8h57m 57s$2.30B$813.7M200x
ShortBinance BTCUSDT85,939.70.0079get 0.0079% / 8h57m 57s$9.60B$20.98B150x

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
$0.04
Funding while held
$0.83
Slippage, 4 orders
−$0.02
Fee HTX: 6 bp × 2 orders
−$12
Fee Binance: 5 bp × 2 orders
−$10
Net
−$21.15
Spread needed to break even
0.220%
Slippage from HTX: live order book, 3 min ago; Binance: live order book, 3 min ago.

Cost of waiting

funding view
Funding /8h
+0.0028%
Per $10,000 a day
+$0.83
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 HTX live order book, 3 min ago0.01 bp6.0 bp −$66.2 bp −$628.6 bp −$86111.3 bp −$5,656
Sell Binance live order book, 3 min ago0.01 bp5.0 bp −$55.0 bp −$505.0 bp −$5017.6 bp −$3,799

BTC price on every exchange

against the cheapest. Click to use as the short leg.
StandX85,784.2cheapestedgeX85,817.7+0.039%Variational Omni85,834.9+0.059%Injective85,839+0.064%Hibachi85,852.8+0.080%BloFin85,860+0.088%Nado85,878.6+0.110%Reya85,890.3+0.124%Katana Perps85,891+0.125%Perpl85,891.8+0.125%Aftermath Perps85,894+0.128%01 Exchange85,897.7+0.132%Polymarket Perps85,903+0.139%Ondo Perps85,904+0.140%Popdex85,905+0.141%Jupiter Perps85,906.3+0.142%dYdX85,908.7+0.145%Hotstuff85,910+0.147%Pacifica85,914.3+0.152%KuCoin85,915.6+0.153%Extended85,915.8+0.153%Phoenix85,922+0.161%Arcus85,924.8+0.164%Gate85,928.7+0.168%Paradex85,932.7+0.173%Bybit85,933+0.173%Bullet85,933+0.173%Backpack85,933.8+0.174%MEXC85,935.1+0.176%RISEx85,936.1+0.177%Bitget85,937.8+0.179%OKX85,937.9+0.179%GMX85,938.1+0.179%Kalshi85,939+0.180%
HTX85,939.3+0.181%
Binance85,939.7+0.181%
Aster85,940.2+0.182%Lighter85,940.4+0.182%SoDEX85,941+0.183%BingX85,942.2+0.184%Phemex85,942.3+0.184%Aevo85,942.8+0.185%SunX85,947.8+0.191%Lighter RH85,948.6+0.192%Derive85,952.3+0.196%Orderly85,953.4+0.197%Vest85,960+0.205%ApeX Omni85,961.1+0.206%gTrade (Gains Network)85,965.1+0.211%Bluefin85,969.6+0.216%Kraken Futures85,974.4+0.222%Coinbase International85,996+0.247%Deribit86,025.4+0.281%Hyperliquid86,049+0.309%Bulk86,064.1+0.326%

BTC on 55 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
StandX BTC-USD−0.181%+0.0100%1h$30.7M$241.0M40xas long as short
edgeX BTCUSDC−0.141%−0.0088%4h$282.8M$842.0M100xas long as short
Variational Omni BTC−0.121%+0.0100%8h$173.9M$497.6M—as long as short
Injective BTC/USDC PERP−0.117%+0.0108%1h$304K$27.0M52xas long as short
Hibachi BTC/USDT-P−0.101%+0.0088%1h$627K$7.3M30xas long as short
BloFin BTC-USDT−0.092%+0.0220%8h$424.4M$517.0M150xas long as short
Nado BTC-PERP−0.071%+0.0058%1h$23.3M$230.6M50xas long as short
Reya BTCRUSDPERP−0.057%−0.0026%1h$6.7M$137.5M40xas long as short
Katana Perps BTC-USD−0.056%+0.0100%8h$188K$5.3M50xas long as short
Perpl BTC−0.055%−0.0223%43m$468K$30.4M6.7xas long as short
Show all 55 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Aftermath Perps BTCUSD−0.053%−0.0083%1h$87K$149K20xas long as short
01 Exchange BTCUSD−0.048%−0.0112%1h$279K$2.3M50xas long as short
Polymarket Perps BTC-USD−0.042%+0.0100%1h$10.9M$11.4M50xas long as short
Ondo Perps BTC-USD.P−0.041%+0.0100%1h$3.9M$16.1M25xas long as short
Popdex BTCUSDT−0.040%+0.0096%1h$8.5M$43.6M100xas long as short
Jupiter Perps WBTC-PERP−0.038%L +0.0104% / S +0.0048%1h—$89.0M500xas long as short
dYdX BTC-USD−0.036%0.0000%1h$16.7M$16.3M50xas long as short
Hotstuff BTC-PERP−0.034%−0.0080%1h$9K$3K50xas long as short
Pacifica BTC−0.029%+0.0100%1h$36.5M$337.2M50xas long as short
KuCoin XBTUSDTM−0.028%+0.0052%8h$792.3M$609.5M125xas long as short
Extended BTC-USD−0.027%+0.0104%1h$48.2M$206.6M50xas long as short
Phoenix BTC−0.020%+0.0015%1h$1.6M$10.4M40xas long as short
Arcus BTC-USD−0.017%+0.0100%1h$5.4M$81.4M40xas long as short
Gate BTC_USDT−0.012%−0.0008%8h$6.11B$9.00B200xas long as short
Paradex BTC-USD-PERP−0.008%+0.0079%8h$4.4M$6.5M50xas long as short
Bybit BTCUSDT−0.007%+0.0100%8h$5.15B$8.30B150xas long as short
Bullet BTC-USD−0.007%+0.0100%1h$246K$3.3M20xas long as short
Backpack BTC_USDC_PERP−0.006%+0.0100%1h$39.2M$103.1M75xas long as short
MEXC BTC_USDT−0.005%+0.0079%8h$5.01B$4.88B500xas long as short
RISEx BTC/USDC−0.004%+0.0128%1h$8.8M$38.2M25xas long as short
Bitget BTCUSDT−0.002%−0.0008%8h$2.94B$4.54B150xas long as short
OKX BTC-USDT-SWAP−0.002%+0.0035%8h$2.60B$11.30B100xas long as short
GMX BTC/USD [WBTC.b-USDC]−0.001%L +0.0198% / S −0.0178%1h$12.5M—200xas long as short
Kalshi KXBTCPERP0.000%0.0000%8h$10.3M$545.8M6.4xas long as short
HTX BTC-USDTlong0.000%+0.0051%8h$2.30B$813.7M200x
Binance BTCUSDTshort0.000%+0.0079%8h$9.60B$20.98B150x
Aster BTCUSDT+0.001%+0.0041%8h$488.7M$1.10B200xas long as short
Lighter BTC+0.001%+0.0096%1h$179.2M$884.7M50xas long as short
SoDEX BTC-USD+0.002%+0.0100%1h$61.2M$259.1M40xas long as short
BingX BTC-USDT+0.003%−0.0009%8h—$1.36B—as long as short
Phemex BTCUSDT+0.003%−0.0024%8h$157.6M$390.3M150xas long as short
Aevo BTC-PERP+0.004%+0.0080%1h$2.4M$1.6M20xas long as short
SunX BTC-USDT+0.010%+0.0100%8h$3.3M$5.6M100xas long as short
Lighter RH BTC+0.011%+0.0096%1h$25.2M$134.5M50xas long as short
Derive BTC-PERP+0.015%+0.0100%1h$30.2M$58.4M15xas long as short
Orderly PERP_BTC_USDC+0.016%+0.0100%8h$2.4M$7.1M100xas long as short
Vest BTC-PERP+0.024%+0.0100%1h—$13.3M50xas long as short
ApeX Omni BTCUSDT+0.025%+0.0021%1h$139.3M$317.3M100xas long as short
gTrade (Gains Network) BTC/USD+0.030%L +0.0005% / S −0.0004%1h$36.8M—200xas long as short
Bluefin BTC-PERP+0.035%+0.0100%1h$144K$403K40xas long as short
Kraken Futures PF_XBTUSD+0.041%+0.0071%1h$184.4M$798.5M100xas long as short
Coinbase International BTC-PERP-INTX+0.066%+0.0104%1h$149.7M$6.27B50xas long as short
Deribit BTC-PERPETUAL+0.100%+0.0470%1h$875.2M$1.01B50xas long as short
Hyperliquid BTC+0.128%+0.0373%1h$3.90B$4.28B40xas long as short
Bulk BTC-USD+0.145%+0.0100%1h$540.9M$69.9M40xas long as short