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

BTC

all BTC markets
SwapFunding view
Alert
After costs, if the gap returns to its 7d average, $10k−$17
spread now+0.106%7d average+0.057%fees + slippage, in and out−$22spread needed0.220%
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX BTC-USDT85,932.90.0069pay 0.0069% / 8h5h 35m$2.29B$847.1M200x
ShortCoinbase International BTC-PERP-INTX86,023.90.0200get 0.0025% / 1h35m 20s$129.3M$5.84B50x

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
$10.59
Funding while held
$3.93
Slippage, 4 orders
−$0.02
Fee HTX: 6 bp × 2 orders
−$12
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
−$7.5
Spread needed to break even
0.220%
Slippage from HTX: live order book, 5 min ago; Coinbase International: live order book, 5 min ago.

Cost of waiting

funding view
Funding /8h
+0.0131%
Per $10,000 a day
+$3.93
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, 5 min ago0.01 bp6.0 bp −$66.0 bp −$607.5 bp −$75310.9 bp −$5,458
Sell Coinbase International live order book, 5 min ago0.01 bp5.0 bp −$55.0 bp −$505.8 bp −$58011.6 bp −$5,816

BTC price on every exchange

against the cheapest. Click to use as the short leg.

BTC on 55 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
HTX BTC-USDTlong0.000%+0.0069%8h$2.29B$847.1M200x
OKX BTC-USDT-SWAP+0.002%+0.0028%8h$2.67B$11.59B100xas long as short
Bybit BTCUSDT+0.013%+0.0034%8h$5.28B$8.67B150xas long as short
Binance BTCUSDT+0.014%+0.0032%8h$9.48B$22.06B150xas long as short
Extended BTC-USD+0.027%+0.0080%1h$48.4M$199.9M50xas long as short
Aster BTCUSDT+0.027%+0.0019%8h$505.4M$1.09B200xas long as short
Bitget BTCUSDT+0.028%+0.0002%8h$2.96B$4.68B150xas long as short
Lighter BTC+0.029%+0.0096%1h$172.3M$948.7M50xas long as short
SoDEX BTC-USD+0.030%+0.0001%1h$60.9M$285.1M40xas long as short
Nado BTC-PERP+0.031%+0.0100%1h$23.0M$226.8M50xas long as short
Show all 55 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Popdex BTCUSDT+0.032%+0.0056%1h$8.5M$46.3M100xas long as short
Phemex BTCUSDT+0.032%+0.0015%8h$150.9M$423.5M150xas long as short
Gate BTC_USDT+0.032%+0.0033%8h$6.06B$9.62B200xas long as short
KuCoin XBTUSDTM+0.032%−0.0006%8h$806.5M$619.4M125xas long as short
MEXC BTC_USDT+0.032%+0.0031%8h$5.17B$5.11B500xas long as short
SunX BTC-USDT+0.033%+0.0100%8h$3.4M$5.8M100xas long as short
Lighter RH BTC+0.036%+0.0096%1h$24.4M$137.8M50xas long as short
Arcus BTC-USD+0.036%−0.0299%1h$6.7M$86.1M40xas long as short
Ondo Perps BTC-USD.P+0.039%+0.0100%1h$4.0M$17.3M25xas long as short
Katana Perps BTC-USD+0.040%+0.0100%8h$201K$5.8M50xas long as short
Reya BTCRUSDPERP+0.041%−0.0017%1h$6.8M$138.4M40xas long as short
Bullet BTC-USD+0.042%+0.0100%1h$234K$3.3M20xas long as short
BingX BTC-USDC+0.043%+0.0001%8h$14.4Mas long as short
BloFin BTC-USDT+0.044%−0.0088%8h$422.3M$568.1M150xas long as short
Aevo BTC-PERP+0.049%+0.0032%1h$2.4M$1.3M20xas long as short
Derive BTC-PERP+0.052%+0.0100%1h$30.4M$58.9M15xas long as short
Polymarket Perps BTC-USD+0.054%+0.0100%1h$11.0M$12.1M50xas long as short
Pacifica BTC+0.058%+0.0100%1h$36.8M$416.1M50xas long as short
Perpl BTC+0.061%−0.0447%43m$404K$26.2M6.7xas long as short
Kraken Futures PF_XBTUSD+0.061%−0.0019%1h$188.6M$816.6M100xas long as short
01 Exchange BTCUSD+0.064%−0.0048%1h$310K$2.4M50xas long as short
Variational Omni BTC+0.071%+0.0075%8h$171.2M$505.6Mas long as short
Orderly PERP_BTC_USDC+0.071%+0.0098%8h$2.4M$7.4M100xas long as short
RISEx BTC/USDC+0.071%+0.0031%1h$9.1M$38.7M25xas long as short
Hotstuff BTC-PERP+0.073%−0.0080%1h$9K$4K50xas long as short
GMX BTC/USD [WBTC.b-USDC]+0.080%L +0.0172% / S −0.0153%1h$12.7M200xas long as short
gTrade (Gains Network) BTC/USD+0.082%L +0.0005% / S −0.0004%1h$36.8M200xas long as short
Paradex BTC-USD-PERP+0.082%+0.0098%8h$4.4M$6.9M50xas long as short
Aftermath Perps BTCUSD+0.085%+0.0013%1h$87K$155K20xas long as short
StandX BTC-USD+0.086%+0.0100%1h$30.7M$214.9M40xas long as short
edgeX BTCUSDC+0.087%+0.0100%4h$281.1M$883.1M100xas long as short
ApeX Omni BTCUSDT+0.089%+0.0051%1h$140.3M$320.2M100xas long as short
Bulk BTC-USD+0.091%+0.0008%1h$563.6M$127.9M40xas long as short
Backpack BTC_USDC_PERP+0.091%+0.0100%1h$37.8M$134.9M75xas long as short
Bluefin BTC-PERP+0.091%+0.0100%1h$144K$411K40xas long as short
Jupiter Perps WBTC-PERP+0.096%L +0.0104% / S +0.0048%1h$83.9M500xas long as short
Hibachi BTC/USDT-P+0.099%+0.0096%1h$755K$6.5M30xas long as short
Kalshi KXBTCPERP+0.100%0.0000%8h$11.8M$654.1M6.4xas long as short
Coinbase International BTC-PERP-INTXshort+0.106%+0.0200%1h$129.3M$5.84B50x
Vest BTC-PERP+0.106%+0.0100%1h$11.5M50xas long as short
Phoenix BTC+0.111%−0.0082%1h$1.9M$11.0M40xas long as short
Deribit BTC-PERPETUAL+0.128%+0.0229%1h$915.7M$1.11B50xas long as short
dYdX BTC-USD+0.131%−0.0001%1h$17.2M$18.1M50xas long as short
Hyperliquid BTC+0.147%+0.0188%1h$3.97B$4.48B40xas long as short
Injective BTC/USDC PERP+0.155%−0.0006%1h$309K$27.0M52xas long as short