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−$14
spread now−0.047%7d average+0.021%fees + slippage, in and out−$7spread needed0.068%
Long on LighterShort on Arcus
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter BTC85,906.10.0096pay 0.0012% / 1h21m 45s$171.5M$944.0M50x
ShortArcus BTC-USD85,865.7−0.0377pay 0.0047% / 1h21m 45s$6.9M$85.3M40x

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
−$4.7
Funding while held
−$14.18
Slippage, 4 orders
−$2.26
Fee Lighter: 0 bp × 2 orders
$0
Fee Arcus: 2.25 bp × 2 orders
−$4.5
Net
−$25.64
Spread needed to break even
0.068%
Slippage from Lighter: live order book, 14 min ago; Arcus: live order book, 4 min ago.

Cost of waiting

funding view
Funding /8h
−0.0473%
Per $10,000 a day
−$14.18
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 Lighter live order book, 14 min ago0.01 bp0.0 bp $00.0 bp $00.5 bp −$492.4 bp −$1,178
Sell Arcus live order book, 4 min ago0.01 bp2.9 bp −$33.9 bp −$395.6 bp −$556doesn't fit

BTC price on every exchange

against the cheapest. Click to use as the short leg.
Injective85,811cheapestStandX85,814+0.003%Bulk85,815.4+0.005%BloFin85,831.9+0.024%Phoenix85,839+0.033%SunX85,845+0.040%Nado85,852.3+0.048%Popdex85,853+0.049%Hotstuff85,856+0.052%edgeX85,862.6+0.060%
Arcus85,865.7+0.064%
Hibachi85,867.6+0.066%ApeX Omni85,868.4+0.067%Aftermath Perps85,882.7+0.084%Extended85,884+0.085%Bitget85,885.7+0.087%Variational Omni85,889+0.091%Ondo Perps85,889+0.091%BingX85,891.3+0.094%Binance85,892.2+0.095%OKX85,892.7+0.095%Gate85,893.1+0.096%Jupiter Perps85,896+0.099%MEXC85,896.9+0.100%Aster85,897+0.100%KuCoin85,897.6+0.101%Bybit85,900+0.104%Katana Perps85,900+0.104%
Lighter85,906.1+0.111%
HTX85,907.9+0.113%Reya85,909+0.114%Lighter RH85,910.1+0.115%Pacifica85,915+0.121%Kalshi85,918+0.125%Polymarket Perps85,920+0.127%01 Exchange85,921.8+0.129%SoDEX85,922+0.129%Phemex85,922.5+0.130%RISEx85,928.7+0.137%Perpl85,928.7+0.137%Aevo85,930.6+0.139%Bullet85,931.1+0.140%Derive85,931.5+0.140%Backpack85,935.4+0.145%Vest85,935.5+0.145%Paradex85,940.5+0.151%Orderly85,948.3+0.160%dYdX85,948.4+0.160%GMX85,969.6+0.185%gTrade (Gains Network)85,972.3+0.188%Bluefin85,973+0.189%Kraken Futures85,975.6+0.192%Deribit86,002.1+0.223%Hyperliquid86,003+0.224%Coinbase International86,016.6+0.240%

BTC on 55 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Injective BTC/USDC PERP−0.111%−0.0019%1h$308K$27.0M52xas long as short
StandX BTC-USD−0.107%+0.0070%1h$30.6M$223.1M40xas long as short
Bulk BTC-USD−0.106%−0.0015%1h$560.8M$139.1M40xas long as short
BloFin BTC-USDT−0.086%−0.0095%8h$423.8M$567.2M150xas long as short
Phoenix BTC−0.078%−0.0096%1h$1.9M$11.0M40xas long as short
SunX BTC-USDT−0.071%+0.0100%8h$3.4M$5.8M100xas long as short
Nado BTC-PERP−0.063%+0.0100%1h$23.4M$227.3M50xas long as short
Popdex BTCUSDT−0.062%+0.0048%1h$8.5M$46.5M100xas long as short
Hotstuff BTC-PERP−0.058%−0.0080%1h$9K$4K50xas long as short
edgeX BTCUSDC−0.051%+0.0100%4h$280.2M$879.5M100xas long as short
Show all 55 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Arcus BTC-USDshort−0.047%−0.0377%1h$6.9M$85.3M40x
Hibachi BTC/USDT-P−0.045%+0.0120%1h$757K$7.0M30xas long as short
ApeX Omni BTCUSDT−0.044%−0.0059%1h$139.1M$319.3M100xas long as short
Aftermath Perps BTCUSD−0.027%+0.0066%1h$86K$154K20xas long as short
Extended BTC-USD−0.026%+0.0024%1h$48.7M$199.7M50xas long as short
Bitget BTCUSDT−0.024%−0.0004%8h$2.96B$4.68B150xas long as short
Variational Omni BTC−0.020%+0.0064%8h$171.6M$504.9M—as long as short
Ondo Perps BTC-USD.P−0.020%+0.0100%1h$3.9M$16.8M25xas long as short
BingX BTC-USDT−0.017%−0.0004%8h—$1.37B—as long as short
Binance BTCUSDT−0.016%+0.0024%8h$9.48B$22.07B150xas long as short
OKX BTC-USDT-SWAP−0.016%+0.0015%8h$2.66B$11.55B100xas long as short
Gate BTC_USDT−0.015%+0.0015%8h$6.07B$9.57B200xas long as short
Jupiter Perps WBTC-PERP−0.012%L +0.0104% / S +0.0048%1h—$85.0M500xas long as short
MEXC BTC_USDT−0.011%+0.0024%8h$5.17B$5.15B500xas long as short
Aster BTCUSDT−0.011%+0.0014%8h$504.8M$1.10B200xas long as short
KuCoin XBTUSDTM−0.010%−0.0001%8h$796.8M$614.9M125xas long as short
Bybit BTCUSDT−0.007%+0.0019%8h$5.25B$8.59B150xas long as short
Katana Perps BTC-USD−0.007%+0.0100%8h$197K$5.7M50xas long as short
Lighter BTClong0.000%+0.0096%1h$171.5M$944.0M50x
HTX BTC-USDT+0.002%+0.0100%8h$2.29B$835.8M200xas long as short
Reya BTCRUSDPERP+0.003%−0.0018%1h$6.7M$138.1M40xas long as short
Lighter RH BTC+0.005%+0.0096%1h$24.6M$137.3M50xas long as short
Pacifica BTC+0.010%+0.0100%1h$36.6M$397.9M50xas long as short
Kalshi KXBTCPERP+0.014%+0.0106%8h$13.2M$637.1M6.4xas long as short
Polymarket Perps BTC-USD+0.016%+0.0100%1h$11.0M$11.7M50xas long as short
01 Exchange BTCUSD+0.018%−0.0056%1h$309K$2.4M50xas long as short
SoDEX BTC-USD+0.019%−0.0012%1h$60.9M$284.3M40xas long as short
Phemex BTCUSDT+0.019%0.0000%8h$148.3M$417.0M150xas long as short
RISEx BTC/USDC+0.026%+0.0040%1h$9.1M$38.6M25xas long as short
Perpl BTC+0.026%−0.0223%43m$393K$26.6M6.7xas long as short
Aevo BTC-PERP+0.029%+0.0024%1h$2.4M$1.3M20xas long as short
Bullet BTC-USD+0.029%+0.0099%1h$227K$3.3M20xas long as short
Derive BTC-PERP+0.030%+0.0100%1h$30.5M$59.0M15xas long as short
Backpack BTC_USDC_PERP+0.034%+0.0100%1h$37.2M$127.3M75xas long as short
Vest BTC-PERP+0.034%+0.0100%1h—$11.5M50xas long as short
Paradex BTC-USD-PERP+0.040%+0.0096%8h$4.4M$6.8M50xas long as short
Orderly PERP_BTC_USDC+0.049%+0.0100%8h$2.4M$7.4M100xas long as short
dYdX BTC-USD+0.049%−0.0022%1h$17.2M$18.1M50xas long as short
GMX BTC/USD [WBTC.b-USDC]+0.074%L +0.0172% / S −0.0153%1h$12.7M—200xas long as short
gTrade (Gains Network) BTC/USD+0.077%L +0.0005% / S −0.0004%1h$36.8M—200xas long as short
Bluefin BTC-PERP+0.078%−0.1574%1h$143K$410K40xas long as short
Kraken Futures PF_XBTUSD+0.081%−0.0073%1h$190.7M$812.0M100xas long as short
Deribit BTC-PERPETUAL+0.112%+0.0225%1h$915.2M$1.10B50xas long as short
Hyperliquid BTC+0.113%+0.0148%1h$3.92B$4.40B40xas long as short
Coinbase International BTC-PERP-INTX+0.129%+0.0184%1h$129.4M$5.90B50xas long as short