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−$15
spread now−0.038%7d average−0.063%fees + slippage, in and out−$17spread needed0.175%
Long on HyperliquidShort on gTrade (Gains Network)
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid BTC85,8010.0158pay 0.0020% / 1h0m 59s$3.87B$4.27B40x
ShortgTrade (Gains Network) BTC/USD85,768.2L +0.0005% / S −0.0004%get 0.0001% / 1h0m 59s$36.7M—200x

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
−$3.82
Funding while held
−$4.6
Slippage, 4 orders
−$1.5
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee gTrade (Gains Network): 3.5 bp × 2 orders
−$7
Net
−$25.92
Spread needed to break even
0.175%
Slippage from Hyperliquid: live order book, 5 min ago; gTrade (Gains Network): virtual book (oracle venue), 5 min ago.

Cost of waiting

funding view
Funding /8h
−0.0153%
Per $10,000 a day
−$4.60
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 Hyperliquid live order book, 5 min ago0.06 bp4.6 bp −$54.6 bp −$464.9 bp −$489doesn't fit
Sell gTrade (Gains Network) virtual book (oracle venue), 5 min ago0.51 bp4.0 bp −$44.0 bp −$404.5 bp −$4466.4 bp −$3,181

BTC price on every exchange

against the cheapest. Click to use as the short leg.
Gate85,698.4cheapestBackpack85,702+0.004%BingX85,704.1+0.007%Extended85,707.9+0.011%Bybit85,712.5+0.016%Binance85,714.9+0.019%Bitget85,732+0.039%Bullet85,732.4+0.040%OKX85,733.7+0.041%Aster85,739.1+0.047%Aevo85,742.6+0.052%KuCoin85,743+0.052%MEXC85,743.3+0.052%SoDEX85,745+0.054%GMX85,746.6+0.056%Lighter85,750.5+0.061%SunX85,753.2+0.064%HTX85,754.2+0.065%BloFin85,754.5+0.065%Phemex85,757.5+0.069%Derive85,758.3+0.070%Lighter RH85,762.5+0.075%
gTrade (Gains Network)85,768.2+0.081%
Orderly85,771.2+0.085%Kraken Futures85,773.5+0.088%Bluefin85,787.8+0.104%Ondo Perps85,795+0.113%Reya85,797.7+0.116%Coinbase International85,799+0.117%Katana Perps85,800+0.119%
Hyperliquid85,801+0.120%
Nado85,803.5+0.123%01 Exchange85,805.9+0.125%Popdex85,809+0.129%Perpl85,812.1+0.133%Polymarket Perps85,819+0.141%Kalshi85,823+0.145%Deribit85,826.1+0.149%Pacifica85,826.7+0.150%Paradex85,827.4+0.151%Arcus85,828.9+0.152%Hotstuff85,829+0.152%RISEx85,833+0.157%dYdX85,846.4+0.173%Jupiter Perps85,850.9+0.178%Vest85,904.8+0.241%Phoenix85,922+0.261%Aftermath Perps85,931+0.271%StandX85,950.6+0.294%ApeX Omni85,961.1+0.307%edgeX85,967.1+0.314%Hibachi85,988.3+0.338%Bulk86,064.1+0.427%Variational Omni86,077+0.442%Injective86,087+0.453%

BTC on 55 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Gate BTC_USDT−0.120%−0.0009%8h$6.10B$9.13B200xas long as short
Backpack BTC_USDC_PERP−0.115%+0.0100%1h$39.3M$102.9M75xas long as short
BingX BTC-USDT−0.113%−0.0009%8h—$1.36B—as long as short
Extended BTC-USD−0.109%+0.0104%1h$48.3M$206.4M50xas long as short
Bybit BTCUSDT−0.103%+0.0100%8h$5.13B$8.28B150xas long as short
Binance BTCUSDT−0.100%+0.0081%8h$9.57B$20.91B150xas long as short
Bitget BTCUSDT−0.080%−0.0008%8h$2.95B$4.54B150xas long as short
Bullet BTC-USD−0.080%+0.0079%1h$243K$3.3M20xas long as short
OKX BTC-USDT-SWAP−0.078%+0.0035%8h$2.60B$11.26B100xas long as short
Aster BTCUSDT−0.072%+0.0044%8h$487.8M$1.09B200xas long as short
Show all 55 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Aevo BTC-PERP−0.068%+0.0080%1h$2.4M$1.6M20xas long as short
KuCoin XBTUSDTM−0.068%+0.0052%8h$787.6M$605.4M125xas long as short
MEXC BTC_USDT−0.067%+0.0081%8h$4.99B$4.97B500xas long as short
SoDEX BTC-USD−0.065%+0.0004%1h$61.1M$259.1M40xas long as short
GMX BTC/USD [WBTC.b-USDC]−0.063%L +0.0198% / S −0.0177%1h$12.5M—200xas long as short
Lighter BTC−0.059%+0.0096%1h$178.8M$905.9M50xas long as short
SunX BTC-USDT−0.056%+0.0100%8h$3.3M$5.6M100xas long as short
HTX BTC-USDT−0.055%+0.0050%8h$2.29B$810.6M200xas long as short
BloFin BTC-USDT−0.054%+0.0201%8h$423.9M$509.3M150xas long as short
Phemex BTCUSDT−0.051%−0.0021%8h$157.2M$389.8M150xas long as short
Derive BTC-PERP−0.050%+0.0100%1h$29.9M$57.4M15xas long as short
Lighter RH BTC−0.045%+0.0096%1h$25.1M$138.7M50xas long as short
gTrade (Gains Network) BTC/USDshort−0.038%L +0.0005% / S −0.0004%1h$36.7M—200x
Orderly PERP_BTC_USDC−0.035%+0.0100%8h$2.4M$7.1M100xas long as short
Kraken Futures PF_XBTUSD−0.032%+0.0042%1h$184.3M$793.7M100xas long as short
Bluefin BTC-PERP−0.015%+0.0019%1h$143K$403K40xas long as short
Ondo Perps BTC-USD.P−0.007%+0.0100%1h$3.9M$15.9M25xas long as short
Reya BTCRUSDPERP−0.004%−0.0026%1h$6.7M$137.5M40xas long as short
Coinbase International BTC-PERP-INTX−0.002%+0.0112%1h$148.8M$6.26B50xas long as short
Katana Perps BTC-USD−0.001%+0.0100%8h$184K$5.3M50xas long as short
Hyperliquid BTClong0.000%+0.0158%1h$3.87B$4.27B40x
Nado BTC-PERP+0.003%+0.0097%1h$23.7M$229.8M50xas long as short
01 Exchange BTCUSD+0.006%−0.0112%1h$278K$2.3M50xas long as short
Popdex BTCUSDT+0.009%+0.0080%1h$8.5M$43.5M100xas long as short
Perpl BTC+0.013%−0.0223%43m$429K$30.5M6.7xas long as short
Polymarket Perps BTC-USD+0.021%+0.0100%1h$10.9M$11.3M50xas long as short
Kalshi KXBTCPERP+0.026%0.0000%8h$10.1M$543.2M6.4xas long as short
Deribit BTC-PERPETUAL+0.029%+0.0377%1h$873.4M$1.01B50xas long as short
Pacifica BTC+0.030%+0.0100%1h$36.5M$331.3M50xas long as short
Paradex BTC-USD-PERP+0.031%+0.0078%8h$4.4M$6.5M50xas long as short
Arcus BTC-USD+0.033%+0.0100%1h$5.3M$81.2M40xas long as short
Hotstuff BTC-PERP+0.033%−0.0080%1h$9K$3K50xas long as short
RISEx BTC/USDC+0.037%+0.0178%1h$8.7M$38.2M25xas long as short
dYdX BTC-USD+0.053%−0.0008%1h$16.7M$16.3M50xas long as short
Jupiter Perps WBTC-PERP+0.058%L +0.0104% / S +0.0048%1h—$89.0M500xas long as short
Vest BTC-PERP+0.121%+0.0100%1h—$13.3M50xas long as short
Phoenix BTC+0.141%+0.0015%1h$1.6M$10.8M40xas long as short
Aftermath Perps BTCUSD+0.152%−0.0080%1h$87K$149K20xas long as short
StandX BTC-USD+0.174%+0.0100%1h$30.7M$241.0M40xas long as short
ApeX Omni BTCUSDT+0.187%+0.0021%1h$139.3M$317.3M100xas long as short
edgeX BTCUSDC+0.194%−0.0091%4h$282.9M$839.2M100xas long as short
Hibachi BTC/USDT-P+0.218%+0.0072%1h$627K$7.2M30xas long as short
Bulk BTC-USD+0.307%+0.0100%1h$540.9M$69.9M40xas long as short
Variational Omni BTC+0.322%+0.0100%8h$172.9M$488.6M—as long as short
Injective BTC/USDC PERP+0.333%+0.0180%1h$304K$27.0M52xas long as short