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−$14
spread now−0.024%7d average−0.018%fees + slippage, in and out−$14spread needed0.137%
Long on LighterShort on BloFin
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter BTC85,851.90.0096pay 0.0012% / 1h21m 04s$171.7M$952.9M50x
ShortBloFin BTC-USDT85,831.4−0.0094pay 0.0094% / 8h5h 21m$424.9M$568.1M150x

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
−$2.39
Funding while held
−$5.69
Slippage, 4 orders
−$1.72
Fee Lighter: 0 bp × 2 orders
$0
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$21.8
Spread needed to break even
0.137%
Slippage from Lighter: live order book, 5 min ago; BloFin: live order book, 5 min ago.

Cost of waiting

funding view
Funding /8h
−0.0190%
Per $10,000 a day
−$5.69
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, 5 min ago0.01 bp0.0 bp $00.1 bp −$10.6 bp −$622.9 bp −$1,428
Sell BloFin live order book, 5 min ago0.28 bp6.3 bp −$66.3 bp −$636.5 bp −$6506.7 bp −$3,366

BTC price on every exchange

against the cheapest. Click to use as the short leg.
Popdex85,793cheapestKatana Perps85,811+0.021%Arcus85,815.7+0.026%Nado85,817.6+0.029%MEXC85,818.4+0.030%Bitget85,819.5+0.031%Perpl85,820.2+0.032%Gate85,822.1+0.034%01 Exchange85,822.2+0.034%BingX85,822.5+0.034%Hotstuff85,824+0.036%HTX85,824.6+0.037%Ondo Perps85,825+0.037%Polymarket Perps85,825+0.037%OKX85,826.3+0.039%Reya85,828.5+0.041%Binance85,828.5+0.041%Aster85,828.5+0.041%KuCoin85,828.9+0.042%RISEx85,829.8+0.043%
BloFin85,831.4+0.045%
Pacifica85,837.1+0.051%Extended85,838.8+0.053%SunX85,839.4+0.054%Phemex85,839.6+0.054%SoDEX85,840+0.055%Bybit85,840.5+0.055%dYdX85,841.7+0.057%Phoenix85,842+0.057%Backpack85,842.1+0.057%Aevo85,843.8+0.059%Bullet85,844+0.059%Kalshi85,848+0.064%
Lighter85,851.9+0.069%
Lighter RH85,851.9+0.069%Vest85,855.3+0.073%Paradex85,856.5+0.074%Bulk85,858.1+0.076%Orderly85,860.9+0.079%Derive85,861.2+0.079%Jupiter Perps85,864+0.083%ApeX Omni85,871.4+0.091%edgeX85,873+0.093%Bluefin85,876.3+0.097%GMX85,879.7+0.101%Kraken Futures85,881.6+0.103%gTrade (Gains Network)85,882.2+0.104%StandX85,885+0.107%Injective85,900+0.125%Aftermath Perps85,903.5+0.129%Variational Omni85,903.9+0.129%Coinbase International85,906+0.132%Hyperliquid85,915+0.142%Hibachi85,926.6+0.156%Deribit85,928.1+0.158%

BTC on 55 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Popdex BTCUSDT−0.069%+0.0040%1h$8.5M$46.3M100xas long as short
Katana Perps BTC-USD−0.048%+0.0100%8h$192K$5.9M50xas long as short
Arcus BTC-USD−0.042%−0.0299%1h$6.7M$86.4M40xas long as short
Nado BTC-PERP−0.040%+0.0100%1h$23.2M$227.2M50xas long as short
MEXC BTC_USDT−0.039%+0.0027%8h$5.16B$5.13B500xas long as short
Bitget BTCUSDT−0.038%+0.0002%8h$2.96B$4.68B150xas long as short
Perpl BTC−0.037%−0.0447%43m$401K$26.0M6.7xas long as short
Gate BTC_USDT−0.035%+0.0043%8h$6.07B$9.66B200xas long as short
01 Exchange BTCUSD−0.035%−0.0048%1h$310K$2.3M50xas long as short
BingX BTC-USDT−0.034%+0.0002%8h—$1.37B—as long as short
Show all 55 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Hotstuff BTC-PERP−0.032%−0.0080%1h$9K$4K50xas long as short
HTX BTC-USDT−0.032%+0.0036%8h$2.29B$853.0M200xas long as short
Ondo Perps BTC-USD.P−0.031%+0.0100%1h$4.0M$17.3M25xas long as short
Polymarket Perps BTC-USD−0.031%+0.0100%1h$10.9M$12.4M50xas long as short
OKX BTC-USDT-SWAP−0.030%+0.0032%8h$2.67B$11.59B100xas long as short
Reya BTCRUSDPERP−0.027%−0.0016%1h$6.8M$138.5M40xas long as short
Binance BTCUSDT−0.027%+0.0026%8h$9.51B$22.19B150xas long as short
Aster BTCUSDT−0.027%+0.0012%8h$506.0M$1.10B200xas long as short
KuCoin XBTUSDTM−0.027%−0.0010%8h$805.7M$620.9M125xas long as short
RISEx BTC/USDC−0.026%+0.0031%1h$9.1M$38.7M25xas long as short
BloFin BTC-USDTshort−0.024%−0.0094%8h$424.9M$568.1M150x
Pacifica BTC−0.017%+0.0100%1h$36.9M$418.4M50xas long as short
Extended BTC-USD−0.015%+0.0096%1h$48.6M$200.8M50xas long as short
SunX BTC-USDT−0.015%+0.0100%8h$3.4M$5.7M100xas long as short
Phemex BTCUSDT−0.014%+0.0018%8h$152.4M$425.4M150xas long as short
SoDEX BTC-USD−0.014%−0.0020%1h$60.8M$285.6M40xas long as short
Bybit BTCUSDT−0.013%+0.0044%8h$5.28B$8.69B150xas long as short
dYdX BTC-USD−0.012%−0.0004%1h$17.1M$17.7M50xas long as short
Phoenix BTC−0.012%−0.0082%1h$2.0M$11.0M40xas long as short
Backpack BTC_USDC_PERP−0.011%+0.0100%1h$37.4M$135.0M75xas long as short
Aevo BTC-PERP−0.009%+0.0024%1h$2.4M$1.3M20xas long as short
Bullet BTC-USD−0.009%+0.0100%1h$231K$3.3M20xas long as short
Kalshi KXBTCPERP−0.005%0.0000%8h$11.8M$658.9M6.4xas long as short
Lighter BTClong0.000%+0.0096%1h$171.7M$952.9M50x
Lighter RH BTC0.000%+0.0096%1h$24.5M$138.8M50xas long as short
Vest BTC-PERP+0.004%+0.0100%1h—$11.5M50xas long as short
Paradex BTC-USD-PERP+0.005%+0.0099%8h$4.4M$6.9M50xas long as short
Bulk BTC-USD+0.007%+0.0005%1h$563.1M$124.9M40xas long as short
Orderly PERP_BTC_USDC+0.010%+0.0093%8h$2.4M$7.4M100xas long as short
Derive BTC-PERP+0.011%+0.0100%1h$30.4M$58.9M15xas long as short
Jupiter Perps WBTC-PERP+0.014%L +0.0104% / S +0.0048%1h—$83.3M500xas long as short
ApeX Omni BTCUSDT+0.023%+0.0042%1h$139.8M$320.4M100xas long as short
edgeX BTCUSDC+0.025%+0.0100%4h$280.7M$882.0M100xas long as short
Bluefin BTC-PERP+0.028%+0.0100%1h$143K$411K40xas long as short
GMX BTC/USD [WBTC.b-USDC]+0.032%L +0.0175% / S −0.0177%1h$13.7M—200xas long as short
Kraken Futures PF_XBTUSD+0.035%−0.0019%1h$189.1M$820.1M100xas long as short
gTrade (Gains Network) BTC/USD+0.035%L +0.0005% / S −0.0004%1h$36.7M—200xas long as short
StandX BTC-USD+0.039%+0.0100%1h$30.7M$212.4M40xas long as short
Injective BTC/USDC PERP+0.056%−0.0006%1h$308K$27.0M52xas long as short
Aftermath Perps BTCUSD+0.060%+0.0001%1h$87K$157K20xas long as short
Variational Omni BTC+0.061%+0.0074%8h$170.1M$506.3M—as long as short
Coinbase International BTC-PERP-INTX+0.063%+0.0200%1h$129.6M$5.83B50xas long as short
Hyperliquid BTC+0.073%+0.0148%1h$3.96B$4.50B40xas long as short
Hibachi BTC/USDT-P+0.087%+0.0072%1h$752K$6.5M30xas long as short
Deribit BTC-PERPETUAL+0.089%+0.0221%1h$917.5M$1.12B50xas long as short