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−$16
spread now+0.057%7d average+0.025%fees + slippage, in and out−$19spread needed0.187%
Long on KalshiShort on Pacifica
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKalshi KXBTCPERP85,2870get 0.0000% / 8h5h 43m$8.7M$499.5M6.4x
ShortPacifica BTC85,335.70.0100get 0.0013% / 1h43m 23s$36.7M$312.3M50x

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
$5.71
Funding while held
$3
Slippage, 4 orders
−$0.7
Fee Kalshi: 5 bp × 2 orders
−$10
Fee Pacifica: 4 bp × 2 orders
−$8
Net
−$9.98
Spread needed to break even
0.187%
Slippage from Kalshi: live order book, 2 min ago; Pacifica: live order book, 2 min ago.

Cost of waiting

funding view
Funding /8h
+0.0100%
Per $10,000 a day
+$3.00
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 Kalshi live order book, 2 min ago0.06 bp5.2 bp −$56.9 bp −$698.2 bp −$82013.9 bp −$6,975
Sell Pacifica live order book, 2 min ago0.06 bp4.2 bp −$44.4 bp −$44doesn't fitdoesn't fit

BTC price on every exchange

against the cheapest. Click to use as the short leg.
Variational Omni85,221.9cheapestedgeX85,226.4+0.005%Bulk85,233.5+0.014%StandX85,262.1+0.047%01 Exchange85,274.6+0.062%Arcus85,282.5+0.071%Aftermath Perps85,283+0.072%ApeX Omni85,284.2+0.073%Extended85,284.4+0.073%Derive85,287+0.076%
Kalshi85,287+0.076%
Reya85,287.3+0.077%BloFin85,289.7+0.080%Katana Perps85,291+0.081%BingX85,298.3+0.090%Aevo85,300.1+0.092%Gate85,306.4+0.099%MEXC85,308+0.101%Popdex85,310+0.103%Polymarket Perps85,311+0.105%SoDEX85,311+0.105%KuCoin85,311.3+0.105%Lighter85,313.3+0.107%Nado85,314.1+0.108%Perpl85,314.8+0.109%SunX85,315.9+0.110%Orderly85,316.2+0.111%Bitget85,317.7+0.112%Aster85,317.9+0.113%Bullet85,318+0.113%Lighter RH85,318.1+0.113%Binance85,319.5+0.115%Backpack85,321.5+0.117%Jupiter Perps85,321.7+0.117%Ondo Perps85,324+0.120%OKX85,324.9+0.121%GMX85,326.5+0.123%Hibachi85,330.4+0.127%Paradex85,330.8+0.128%Bybit85,331.3+0.128%Hotstuff85,332+0.129%gTrade (Gains Network)85,332.5+0.130%Kraken Futures85,333.4+0.131%HTX85,335+0.133%
Pacifica85,335.7+0.134%
RISEx85,341.5+0.140%Coinbase International85,350.6+0.151%Bluefin85,352+0.153%Vest85,353.5+0.154%dYdX85,360+0.162%Phemex85,364.9+0.168%Deribit85,380.6+0.186%Phoenix85,385+0.191%Hyperliquid85,398+0.207%Injective85,406+0.216%

BTC on 55 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Variational Omni BTC−0.076%+0.0100%8h$172.0M$467.0M—as long as short
edgeX BTCUSDC−0.071%−0.0118%4h$282.4M$796.3M100xas long as short
Bulk BTC-USD−0.063%+0.0100%1h$533.0M$59.2M40xas long as short
StandX BTC-USD−0.029%+0.0100%1h$30.5M$246.6M40xas long as short
01 Exchange BTCUSD−0.015%−0.0064%1h$279K$2.3M50xas long as short
Arcus BTC-USD−0.005%+0.0100%1h$6.1M$77.4M40xas long as short
Aftermath Perps BTCUSD−0.005%−0.0062%1h$83K$140K20xas long as short
ApeX Omni BTCUSDT−0.003%−0.0144%1h$137.7M$316.5M100xas long as short
Extended BTC-USD−0.003%+0.0104%1h$47.3M$200.5M50xas long as short
Derive BTC-PERP0.000%+0.0018%1h$28.1M$54.4M15xas long as short
Show all 55 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Kalshi KXBTCPERPlong0.000%0.0000%8h$8.7M$499.5M6.4x
Reya BTCRUSDPERP0.000%−0.0033%1h$6.8M$137.4M40xas long as short
BloFin BTC-USDT+0.003%+0.0214%8h$420.8M$480.1M150xas long as short
Katana Perps BTC-USD+0.005%+0.0100%8h$205K$5.0M50xas long as short
BingX BTC-USDC+0.013%−0.0011%8h—$14.4M—as long as short
Aevo BTC-PERP+0.015%+0.0096%1h$2.4M$1.7M20xas long as short
Gate BTC_USDT+0.023%−0.0019%8h$6.04B$8.50B200xas long as short
MEXC BTC_USDT+0.025%+0.0093%8h$4.90B$4.65B500xas long as short
Popdex BTCUSDT+0.027%+0.0096%1h$8.4M$40.6M100xas long as short
Polymarket Perps BTC-USD+0.028%+0.0100%1h$10.8M$10.6M50xas long as short
SoDEX BTC-USD+0.028%+0.0036%1h$61.1M$234.5M40xas long as short
KuCoin XBTUSDTM+0.028%+0.0064%8h$800.9M$576.3M125xas long as short
Lighter BTC+0.031%+0.0096%1h$182.2M$851.3M50xas long as short
Nado BTC-PERP+0.032%+0.0084%1h$23.8M$221.9M50xas long as short
Perpl BTC+0.033%−0.0447%43m$405K$31.2M6.7xas long as short
SunX BTC-USDT+0.034%+0.0100%8h$3.3M$5.3M100xas long as short
Orderly PERP_BTC_USDC+0.034%+0.0100%8h$2.4M$6.7M100xas long as short
Bitget BTCUSDT+0.036%−0.0011%8h$2.96B$4.28B150xas long as short
Aster BTCUSDT+0.036%+0.0037%8h$491.2M$1.00B200xas long as short
Bullet BTC-USD+0.036%+0.0097%1h$248K$3.3M20xas long as short
Lighter RH BTC+0.036%+0.0096%1h$25.5M$131.8M50xas long as short
Binance BTCUSDT+0.038%+0.0093%8h$9.51B$19.59B150xas long as short
Backpack BTC_USDC_PERP+0.040%+0.0100%1h$39.3M$101.1M75xas long as short
Jupiter Perps WBTC-PERP+0.041%L +0.0104% / S +0.0048%1h—$85.5M500xas long as short
Ondo Perps BTC-USD.P+0.043%+0.0100%1h$3.9M$15.6M25xas long as short
OKX BTC-USDT-SWAP+0.044%+0.0055%8h$2.56B$10.67B100xas long as short
GMX BTC/USD [WBTC.b-USDC]+0.046%L +0.0198% / S −0.0209%1h$13.1M—200xas long as short
Hibachi BTC/USDT-P+0.051%+0.0168%1h$592K$7.4M30xas long as short
Paradex BTC-USD-PERP+0.051%+0.0082%8h$4.3M$6.5M50xas long as short
Bybit BTCUSDT+0.052%+0.0100%8h$5.05B$7.81B150xas long as short
Hotstuff BTC-PERP+0.053%−0.0080%1h$8K$3K50xas long as short
gTrade (Gains Network) BTC/USD+0.053%L +0.0004% / S −0.0004%1h$36.5M—200xas long as short
Kraken Futures PF_XBTUSD+0.054%+0.0042%1h$187.7M$750.7M100xas long as short
HTX BTC-USDT+0.056%+0.0030%8h$2.28B$782.1M200xas long as short
Pacifica BTCshort+0.057%+0.0100%1h$36.7M$312.3M50x
RISEx BTC/USDC+0.064%+0.0178%1h$8.7M$36.6M25xas long as short
Coinbase International BTC-PERP-INTX+0.075%+0.0112%1h$142.4M$6.12B50xas long as short
Bluefin BTC-PERP+0.076%−0.1440%1h$142K$400K40xas long as short
Vest BTC-PERP+0.078%+0.0100%1h—$13.1M50xas long as short
dYdX BTC-USD+0.086%0.0000%1h$16.1M$13.8M50xas long as short
Phemex BTCUSDT+0.091%−0.0008%8h$157.5M$374.0M150xas long as short
Deribit BTC-PERPETUAL+0.110%+0.0287%1h$849.3M$925.2M50xas long as short
Phoenix BTC+0.115%+0.0015%1h$1.6M$10.8M40xas long as short
Hyperliquid BTC+0.130%+0.0117%1h$3.84B$4.10B40xas long as short
Injective BTC/USDC PERP+0.140%+0.0180%1h$306K$27.0M52xas long as short