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−$20
spread now−0.061%7d average+0.030%fees + slippage, in and out−$11spread needed0.107%
Long on LighterShort on Hibachi
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter BTC85,789.80.0096pay 0.0012% / 1h41m 00s$171.6M$915.2M50x
ShortHibachi BTC/USDT-P85,737.20.0184get 0.0023% / 1h41m 00s$717K$7.4M30x

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
−$6.13
Funding while held
$2.64
Slippage, 4 orders
−$1.66
Fee Lighter: 0 bp × 2 orders
$0
Fee Hibachi: 4.5 bp × 2 orders
−$9
Net
−$14.16
Spread needed to break even
0.107%
Slippage from Lighter: live order book, 10 min ago; Hibachi: live order book, 10 min ago.

Cost of waiting

funding view
Funding /8h
+0.0088%
Per $10,000 a day
+$2.64
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, 10 min ago0.01 bp0.0 bp $00.0 bp $00.5 bp −$472.8 bp −$1,416
Sell Hibachi live order book, 10 min ago0.01 bp5.0 bp −$56.5 bp −$6539.0 bp −$3,902doesn't fit

BTC price on every exchange

against the cheapest. Click to use as the short leg.
Bluefin84,942.6cheapestBulk85,670.4+0.857%Variational Omni85,690.4+0.880%Arcus85,732+0.929%
Hibachi85,737.2+0.935%
OKX85,742.6+0.942%Nado85,746.7+0.947%Bybit85,752.9+0.954%Katana Perps85,755+0.956%Popdex85,756+0.958%SunX85,764.6+0.968%Binance85,766.6+0.970%BingX85,768.2+0.972%Perpl85,769.9+0.974%Pacifica85,770+0.974%Orderly85,771.3+0.976%BloFin85,774.7+0.980%MEXC85,774.9+0.980%Reya85,776.6+0.982%01 Exchange85,778.6+0.984%Bullet85,779+0.985%KuCoin85,779.7+0.985%Gate85,780.9+0.987%Phemex85,784.5+0.991%HTX85,784.6+0.991%Backpack85,786.3+0.993%Ondo Perps85,787+0.994%Paradex85,788.2+0.995%Jupiter Perps85,788.7+0.996%
Lighter85,789.8+0.997%
SoDEX85,792+1.000%Polymarket Perps85,793+1.001%RISEx85,793.7+1.002%Extended85,797.5+1.006%Lighter RH85,800.9+1.010%Bitget85,801.3+1.011%Aftermath Perps85,806.4+1.017%Aevo85,806.7+1.017%GMX85,808.6+1.019%gTrade (Gains Network)85,810.8+1.022%Aster85,816.3+1.029%edgeX85,822.1+1.035%Kraken Futures85,825.1+1.039%Derive85,832.1+1.047%Kalshi85,835+1.051%Vest85,837.5+1.053%Hotstuff85,840+1.056%Phoenix85,851+1.069%Injective85,856+1.075%ApeX Omni85,858.4+1.078%Hyperliquid85,869+1.091%Deribit85,875.9+1.099%Coinbase International85,909.7+1.139%dYdX85,914.6+1.144%StandX85,915.1+1.145%

BTC on 55 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Bluefin BTC-PERP−0.988%−0.8000%1h$141K$407K40xas long as short
Bulk BTC-USD−0.139%+0.0040%1h$557.2M$154.9M40xas long as short
Variational Omni BTC−0.116%+0.0088%8h$171.1M$507.1M—as long as short
Arcus BTC-USD−0.067%+0.0100%1h$6.4M$84.0M40xas long as short
Hibachi BTC/USDT-Pshort−0.061%+0.0184%1h$717K$7.4M30x
OKX BTC-USDT-SWAP−0.055%+0.0020%8h$2.65B$11.64B100xas long as short
Nado BTC-PERP−0.050%+0.0100%1h$23.2M$228.4M50xas long as short
Bybit BTCUSDT−0.043%+0.0013%8h$5.22B$8.61B150xas long as short
Katana Perps BTC-USD−0.041%+0.0100%8h$194K$5.6M50xas long as short
Popdex BTCUSDT−0.039%+0.0080%1h$8.5M$46.0M100xas long as short
Show all 55 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
SunX BTC-USDT−0.029%+0.0100%8h$3.3M$6.1M100xas long as short
Binance BTCUSDT−0.027%+0.0047%8h$9.49B$22.07B150xas long as short
BingX BTC-USDC−0.025%−0.0015%8h—$14.9M—as long as short
Perpl BTC−0.023%−0.0335%43m$403K$28.8M6.7xas long as short
Pacifica BTC−0.023%+0.0100%1h$36.9M$364.7M50xas long as short
Orderly PERP_BTC_USDC−0.022%+0.0100%8h$2.4M$7.3M100xas long as short
BloFin BTC-USDT−0.018%−0.0073%8h$424.0M$566.9M150xas long as short
MEXC BTC_USDT−0.017%+0.0046%8h$5.10B$5.19B500xas long as short
Reya BTCRUSDPERP−0.015%−0.0020%1h$6.7M$138.0M40xas long as short
01 Exchange BTCUSD−0.013%−0.0056%1h$291K$2.4M50xas long as short
Bullet BTC-USD−0.013%+0.0099%1h$236K$3.3M20xas long as short
KuCoin XBTUSDTM−0.012%+0.0014%8h$791.8M$616.3M125xas long as short
Gate BTC_USDT−0.010%+0.0031%8h$6.08B$9.39B200xas long as short
Phemex BTCUSDT−0.006%−0.0013%8h$149.3M$411.6M150xas long as short
HTX BTC-USDT−0.006%+0.0098%8h$2.29B$843.2M200xas long as short
Backpack BTC_USDC_PERP−0.004%+0.0100%1h$37.4M$115.5M75xas long as short
Ondo Perps BTC-USD.P−0.003%+0.0100%1h$3.9M$16.2M25xas long as short
Paradex BTC-USD-PERP−0.002%+0.0093%8h$4.4M$6.7M50xas long as short
Jupiter Perps WBTC-PERP−0.001%L +0.0104% / S +0.0048%1h—$89.0M500xas long as short
Lighter BTClong0.000%+0.0096%1h$171.6M$915.2M50x
SoDEX BTC-USD+0.003%−0.0028%1h$60.8M$283.6M40xas long as short
Polymarket Perps BTC-USD+0.004%+0.0100%1h$11.0M$11.6M50xas long as short
RISEx BTC/USDC+0.005%+0.0132%1h$8.6M$38.0M25xas long as short
Extended BTC-USD+0.009%+0.0080%1h$48.9M$206.7M50xas long as short
Lighter RH BTC+0.013%+0.0096%1h$24.5M$133.8M50xas long as short
Bitget BTCUSDT+0.013%−0.0004%8h$2.98B$4.70B150xas long as short
Aftermath Perps BTCUSD+0.019%+0.0027%1h$87K$150K20xas long as short
Aevo BTC-PERP+0.020%+0.0048%1h$2.4M$1.5M20xas long as short
GMX BTC/USD [WBTC.b-USDC]+0.022%L +0.0198% / S −0.0175%1h$12.4M—200xas long as short
gTrade (Gains Network) BTC/USD+0.024%L +0.0005% / S −0.0004%1h$36.7M—200xas long as short
Aster BTCUSDT+0.031%+0.0033%8h$486.5M$1.12B200xas long as short
edgeX BTCUSDC+0.038%+0.0100%4h$278.1M$887.3M100xas long as short
Kraken Futures PF_XBTUSD+0.041%−0.0040%1h$188.1M$822.2M100xas long as short
Derive BTC-PERP+0.049%+0.0100%1h$30.2M$59.4M15xas long as short
Kalshi KXBTCPERP+0.053%+0.0101%8h$13.8M$599.2M6.4xas long as short
Vest BTC-PERP+0.056%+0.0100%1h—$11.9M50xas long as short
Hotstuff BTC-PERP+0.059%−0.0080%1h$9K$4K50xas long as short
Phoenix BTC+0.071%−0.0116%1h$1.8M$11.4M40xas long as short
Injective BTC/USDC PERP+0.077%−0.0137%1h$308K$27.0M52xas long as short
ApeX Omni BTCUSDT+0.080%−0.0162%1h$139.2M$317.6M100xas long as short
Hyperliquid BTC+0.092%+0.0135%1h$3.90B$4.46B40xas long as short
Deribit BTC-PERPETUAL+0.100%+0.0130%1h$911.1M$1.12B50xas long as short
Coinbase International BTC-PERP-INTX+0.140%+0.0112%1h$128.8M$6.20B50xas long as short
dYdX BTC-USD+0.145%0.0000%1h$17.3M$17.5M50xas long as short
StandX BTC-USD+0.146%+0.0086%1h$30.6M$229.6M40xas long as short