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−$25
spread now−0.029%7d average−0.015%fees + slippage, in and out−$23spread needed0.231%
Long on Kraken FuturesShort on Phemex
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKraken Futures PF_XBTUSD86,051.70.0071pay 0.0009% / 1h38m 29s$186.0M$810.6M100x
ShortPhemex BTCUSDT86,026.5−0.0021pay 0.0021% / 8h38m 29s$158.1M$399.6M150x

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
−$2.93
Funding while held
−$2.74
Slippage, 4 orders
−$1.06
Fee Kraken Futures: 5 bp × 2 orders
−$10
Fee Phemex: 6 bp × 2 orders
−$12
Net
−$28.74
Spread needed to break even
0.231%
Slippage from Kraken Futures: live order book, 2 min ago; Phemex: live order book, 2 min ago.

Cost of waiting

funding view
Funding /8h
−0.0091%
Per $10,000 a day
−$2.74
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 Kraken Futures live order book, 2 min ago0.06 bp5.5 bp −$56.3 bp −$637.2 bp −$7188.5 bp −$4,271
Sell Phemex live order book, 2 min ago0.01 bp6.0 bp −$66.0 bp −$606.8 bp −$679doesn't fit

BTC price on every exchange

against the cheapest. Click to use as the short leg.
Bullet85,970cheapestMEXC85,983.8+0.016%Reya85,993.6+0.027%BloFin86,001.7+0.037%Nado86,004.4+0.040%Bitget86,006.9+0.043%Backpack86,012.2+0.049%OKX86,021.5+0.060%Bybit86,024.4+0.063%Aevo86,025.2+0.064%
Phemex86,026.5+0.066%
SoDEX86,028+0.067%HTX86,028.2+0.068%BingX86,031.5+0.072%Binance86,032.2+0.072%Katana Perps86,034+0.074%Polymarket Perps86,034+0.074%Extended86,034.5+0.075%SunX86,036.9+0.078%Aster86,038+0.079%Gate86,039.6+0.081%KuCoin86,040.9+0.082%Hotstuff86,041+0.083%Popdex86,041+0.083%Jupiter Perps86,042.6+0.084%Ondo Perps86,045+0.087%Orderly86,047.1+0.090%Perpl86,049.7+0.093%Arcus86,050.3+0.093%
Kraken Futures86,051.7+0.095%
dYdX86,058.9+0.103%01 Exchange86,059.8+0.104%Derive86,060.1+0.105%Lighter86,064.1+0.109%StandX86,066.7+0.112%Pacifica86,067.5+0.113%Lighter RH86,067.7+0.114%RISEx86,077.1+0.125%Paradex86,079.5+0.127%Bluefin86,080.5+0.129%Vest86,086.9+0.136%GMX86,087.3+0.136%Coinbase International86,090.2+0.140%gTrade (Gains Network)86,094.5+0.145%Hyperliquid86,102+0.154%Deribit86,103.2+0.155%Kalshi86,107+0.159%Phoenix86,109+0.162%ApeX Omni86,128.9+0.185%Variational Omni86,132.3+0.189%edgeX86,135+0.192%Aftermath Perps86,136.6+0.194%Hibachi86,214+0.284%Bulk86,256.1+0.333%Injective86,335+0.425%

BTC on 55 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Bullet BTC-USD−0.095%+0.0100%1h$244K$3.3M20xas long as short
MEXC BTC_USDT−0.079%+0.0075%8h$5.07B$5.03B500xas long as short
Reya BTCRUSDPERP−0.068%−0.0023%1h$6.7M$137.6M40xas long as short
BloFin BTC-USDT−0.058%−0.0136%8h$428.2M$536.2M150xas long as short
Nado BTC-PERP−0.055%+0.0100%1h$23.6M$229.5M50xas long as short
Bitget BTCUSDT−0.052%−0.0005%8h$2.96B$4.64B150xas long as short
Backpack BTC_USDC_PERP−0.046%+0.0100%1h$39.2M$104.7M75xas long as short
OKX BTC-USDT-SWAP−0.035%+0.0032%8h$2.63B$11.52B100xas long as short
Bybit BTCUSDT−0.032%+0.0100%8h$5.15B$8.42B150xas long as short
Aevo BTC-PERP−0.031%+0.0080%1h$2.4M$1.6M20xas long as short
Show all 55 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Phemex BTCUSDTshort−0.029%−0.0021%8h$158.1M$399.6M150x
SoDEX BTC-USD−0.028%+0.0011%1h$61.0M$283.4M40xas long as short
HTX BTC-USDT−0.027%+0.0061%8h$2.30B$840.8M200xas long as short
BingX BTC-USDC−0.024%−0.0005%8h—$14.8M—as long as short
Binance BTCUSDT−0.023%+0.0076%8h$9.56B$21.46B150xas long as short
Katana Perps BTC-USD−0.021%+0.0100%8h$194K$5.4M50xas long as short
Polymarket Perps BTC-USD−0.021%+0.0100%1h$11.0M$11.6M50xas long as short
Extended BTC-USD−0.020%+0.0104%1h$48.7M$209.0M50xas long as short
SunX BTC-USDT−0.017%+0.0100%8h$3.3M$6.0M100xas long as short
Aster BTCUSDT−0.016%+0.0047%8h$488.2M$1.11B200xas long as short
Gate BTC_USDT−0.014%−0.0013%8h$6.13B$9.30B200xas long as short
KuCoin XBTUSDTM−0.013%+0.0046%8h$790.2M$613.7M125xas long as short
Hotstuff BTC-PERP−0.012%−0.0080%1h$9K$3K50xas long as short
Popdex BTCUSDT−0.012%+0.0096%1h$8.5M$44.9M100xas long as short
Jupiter Perps WBTC-PERP−0.011%L +0.0104% / S +0.0048%1h—$88.8M500xas long as short
Ondo Perps BTC-USD.P−0.008%+0.0100%1h$4.0M$16.3M25xas long as short
Orderly PERP_BTC_USDC−0.005%+0.0100%8h$2.4M$7.2M100xas long as short
Perpl BTC−0.002%−0.0223%43m$471K$30.0M6.7xas long as short
Arcus BTC-USD−0.002%+0.0100%1h$5.8M$82.4M40xas long as short
Kraken Futures PF_XBTUSDlong0.000%+0.0071%1h$186.0M$810.6M100x
dYdX BTC-USD+0.008%0.0000%1h$16.9M$16.4M50xas long as short
01 Exchange BTCUSD+0.009%−0.0072%1h$288K$2.4M50xas long as short
Derive BTC-PERP+0.010%+0.0100%1h$30.2M$59.1M15xas long as short
Lighter BTC+0.014%+0.0096%1h$172.5M$919.9M50xas long as short
StandX BTC-USD+0.017%+0.0100%1h$30.7M$236.0M40xas long as short
Pacifica BTC+0.018%+0.0100%1h$36.6M$344.9M50xas long as short
Lighter RH BTC+0.019%+0.0096%1h$25.0M$137.3M50xas long as short
RISEx BTC/USDC+0.029%+0.0128%1h$8.3M$38.7M25xas long as short
Paradex BTC-USD-PERP+0.032%+0.0085%8h$4.4M$6.6M50xas long as short
Bluefin BTC-PERP+0.033%+0.0100%1h$144K$406K40xas long as short
Vest BTC-PERP+0.041%+0.0100%1h—$12.4M50xas long as short
GMX BTC/USD [WBTC.b-USDC]+0.041%L +0.0198% / S −0.0176%1h$12.5M—200xas long as short
Coinbase International BTC-PERP-INTX+0.045%+0.0104%1h$150.3M$6.24B50xas long as short
gTrade (Gains Network) BTC/USD+0.050%L +0.0005% / S −0.0004%1h$36.9M—200xas long as short
Hyperliquid BTC+0.058%+0.0255%1h$3.91B$4.33B40xas long as short
Deribit BTC-PERPETUAL+0.060%+0.0220%1h$889.3M$1.05B50xas long as short
Kalshi KXBTCPERP+0.064%+0.0110%8h$11.3M$562.2M6.4xas long as short
Phoenix BTC+0.067%−0.0086%1h$2.0M$10.8M40xas long as short
ApeX Omni BTCUSDT+0.090%−0.0147%1h$139.0M$318.7M100xas long as short
Variational Omni BTC+0.094%+0.0100%8h$171.2M$506.8M—as long as short
edgeX BTCUSDC+0.097%−0.0110%4h$278.7M$865.4M100xas long as short
Aftermath Perps BTCUSD+0.099%−0.0056%1h$87K$155K20xas long as short
Hibachi BTC/USDT-P+0.189%+0.0184%1h$628K$7.2M30xas long as short
Bulk BTC-USD+0.238%+0.0100%1h$547.8M$93.7M40xas long as short
Injective BTC/USDC PERP+0.329%+0.0108%1h$305K$27.0M52xas long as short