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

BTC

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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−$29
spread now−0.091%7d average−0.039%fees + slippage, in and out−$24spread needed0.241%
Long on HyperliquidShort on Gate
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid BTC85,9160.0151pay 0.0019% / 1h0m 21s$3.94B$4.43B40x
ShortGate BTC_USDT85,837.70.0023get 0.0023% / 8h6h 00m$6.06B$9.65B200x

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
−$9.11
Funding while held
−$3.83
Slippage, 4 orders
−$0.13
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$37.07
Spread needed to break even
0.241%
Slippage from Hyperliquid: live order book, 5 min ago; Gate: live order book, 5 min ago.

Cost of waiting

funding view
Funding /8h
−0.0128%
Per $10,000 a day
−$3.83
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 Hyperliquid live order book, 5 min ago0.06 bp4.6 bp −$54.6 bp −$466.0 bp −$603doesn't fit
Sell Gate live order book, 5 min ago0.01 bp7.5 bp −$87.5 bp −$759.0 bp −$89810.9 bp −$5,474

BTC price on every exchange

against the cheapest. Click to use as the short leg.
Bulk85,658.4cheapestApeX Omni85,670+0.013%edgeX85,676.4+0.021%Phoenix85,696+0.044%Injective85,720+0.072%Hotstuff85,735+0.089%Arcus85,803.6+0.170%Aftermath Perps85,805.3+0.171%SunX85,810.6+0.178%StandX85,810.7+0.178%HTX85,811.7+0.179%BloFin85,812.2+0.180%KuCoin85,816.6+0.185%Bitget85,819.3+0.188%Phemex85,820.4+0.189%SoDEX85,821+0.190%MEXC85,823.7+0.193%Aster85,824.6+0.194%Reya85,824.8+0.194%Popdex85,827+0.197%Ondo Perps85,829+0.199%Katana Perps85,829+0.199%Backpack85,831.1+0.202%Extended85,831.5+0.202%Variational Omni85,832.5+0.203%Binance85,836.3+0.208%Nado85,836.4+0.208%Perpl85,836.6+0.208%
Gate85,837.7+0.209%
Bullet85,839.5+0.211%Bybit85,839.5+0.211%Aevo85,841.3+0.214%Hibachi85,841.8+0.214%Polymarket Perps85,844+0.217%BingX85,844.7+0.217%Derive85,845.5+0.218%01 Exchange85,847.8+0.221%OKX85,849.2+0.223%Pacifica85,853.6+0.228%Lighter RH85,854+0.228%Lighter85,854.7+0.229%Orderly85,859.2+0.234%Jupiter Perps85,859.3+0.235%RISEx85,861.6+0.237%Kalshi85,865+0.241%Kraken Futures85,866.2+0.243%gTrade (Gains Network)85,873.3+0.251%Bluefin85,874.9+0.253%GMX85,875.1+0.253%Vest85,878.6+0.257%Paradex85,879.1+0.258%dYdX85,882.7+0.262%Coinbase International85,904.6+0.287%Deribit85,905+0.288%
Hyperliquid85,916+0.301%

BTC on 55 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Bulk BTC-USD−0.300%−0.0005%1h$560.1M$127.0M40xas long as short
ApeX Omni BTCUSDT−0.286%−0.0051%1h$139.3M$319.8M100xas long as short
edgeX BTCUSDC−0.279%+0.0100%4h$279.6M$882.1M100xas long as short
Phoenix BTC−0.256%−0.0096%1h$1.9M$11.0M40xas long as short
Injective BTC/USDC PERP−0.228%−0.0019%1h$307K$27.0M52xas long as short
Hotstuff BTC-PERP−0.211%−0.0080%1h$9K$4K50xas long as short
Arcus BTC-USD−0.131%−0.0377%1h$6.7M$85.4M40xas long as short
Aftermath Perps BTCUSD−0.129%+0.0046%1h$86K$152K20xas long as short
SunX BTC-USDT−0.123%+0.0100%8h$3.4M$5.8M100xas long as short
StandX BTC-USD−0.123%+0.0100%1h$30.6M$218.2M40xas long as short
Show all 55 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
HTX BTC-USDT−0.121%+0.0089%8h$2.28B$835.0M200xas long as short
BloFin BTC-USDT−0.121%−0.0099%8h$424.5M$567.3M150xas long as short
KuCoin XBTUSDTM−0.116%−0.0006%8h$802.8M$618.6M125xas long as short
Bitget BTCUSDT−0.113%−0.0001%8h$2.96B$4.68B150xas long as short
Phemex BTCUSDT−0.111%−0.0010%8h$148.0M$419.5M150xas long as short
SoDEX BTC-USD−0.111%0.0000%1h$60.8M$284.5M40xas long as short
MEXC BTC_USDT−0.107%+0.0020%8h$5.16B$5.20B500xas long as short
Aster BTCUSDT−0.106%+0.0009%8h$504.5M$1.10B200xas long as short
Reya BTCRUSDPERP−0.106%−0.0017%1h$6.7M$138.2M40xas long as short
Popdex BTCUSDT−0.104%+0.0048%1h$8.5M$46.6M100xas long as short
Ondo Perps BTC-USD.P−0.101%+0.0100%1h$3.9M$16.8M25xas long as short
Katana Perps BTC-USD−0.101%+0.0100%8h$188K$5.8M50xas long as short
Backpack BTC_USDC_PERP−0.099%+0.0100%1h$37.5M$129.6M75xas long as short
Extended BTC-USD−0.098%+0.0072%1h$48.6M$200.2M50xas long as short
Variational Omni BTC−0.097%+0.0062%8h$170.3M$505.9M—as long as short
Binance BTCUSDT−0.093%+0.0022%8h$9.46B$22.08B150xas long as short
Nado BTC-PERP−0.093%+0.0100%1h$23.1M$227.0M50xas long as short
Perpl BTC−0.092%−0.0447%43m$404K$26.4M6.7xas long as short
Gate BTC_USDTshort−0.091%+0.0023%8h$6.06B$9.65B200x
Bullet BTC-USD−0.089%+0.0100%1h$235K$3.3M20xas long as short
Bybit BTCUSDT−0.089%+0.0023%8h$5.25B$8.61B150xas long as short
Aevo BTC-PERP−0.087%+0.0024%1h$2.4M$1.3M20xas long as short
Hibachi BTC/USDT-P−0.086%+0.0112%1h$754K$6.8M30xas long as short
Polymarket Perps BTC-USD−0.084%+0.0100%1h$11.0M$11.9M50xas long as short
BingX BTC-USDC−0.083%−0.0003%8h—$14.7M—as long as short
Derive BTC-PERP−0.082%+0.0100%1h$30.4M$58.9M15xas long as short
01 Exchange BTCUSD−0.079%−0.0048%1h$309K$2.4M50xas long as short
OKX BTC-USDT-SWAP−0.078%+0.0018%8h$2.65B$11.55B100xas long as short
Pacifica BTC−0.073%+0.0100%1h$36.5M$404.7M50xas long as short
Lighter RH BTC−0.072%+0.0096%1h$24.5M$138.6M50xas long as short
Lighter BTC−0.071%+0.0096%1h$171.5M$953.1M50xas long as short
Orderly PERP_BTC_USDC−0.066%+0.0100%8h$2.4M$7.5M100xas long as short
Jupiter Perps WBTC-PERP−0.066%L +0.0104% / S +0.0048%1h—$84.6M500xas long as short
RISEx BTC/USDC−0.063%+0.0040%1h$9.1M$38.6M25xas long as short
Kalshi KXBTCPERP−0.059%0.0000%8h$12.9M$645.2M6.4xas long as short
Kraken Futures PF_XBTUSD−0.058%−0.0073%1h$189.1M$815.0M100xas long as short
gTrade (Gains Network) BTC/USD−0.050%L +0.0005% / S −0.0004%1h$36.7M—200xas long as short
Bluefin BTC-PERP−0.048%−0.0822%1h$143K$411K40xas long as short
GMX BTC/USD [WBTC.b-USDC]−0.048%L +0.0172% / S −0.0153%1h$12.7M—200xas long as short
Vest BTC-PERP−0.044%+0.0100%1h—$11.5M50xas long as short
Paradex BTC-USD-PERP−0.043%+0.0098%8h$4.4M$6.9M50xas long as short
dYdX BTC-USD−0.039%−0.0018%1h$17.1M$18.1M50xas long as short
Coinbase International BTC-PERP-INTX−0.013%+0.0184%1h$129.1M$5.85B50xas long as short
Deribit BTC-PERPETUAL−0.013%+0.0181%1h$916.2M$1.10B50xas long as short
Hyperliquid BTClong0.000%+0.0151%1h$3.94B$4.43B40x