data as of
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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−$32
spread now−0.075%7d average−0.013%fees + slippage, in and out−$26spread needed0.255%
Long on LighterShort on 01 Exchange
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter BTC85,716.80.0096pay 0.0012% / 1h32m 11s$179.6M$868.2M50x
Short01 Exchange BTCUSD85,652.1−0.0096pay 0.0012% / 1h32m 11s$280K$2.3M50x

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
−$7.55
Funding while held
−$5.76
Slippage, 4 orders
−$18.51
Fee Lighter: 0 bp × 2 orders
$0
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Net
−$38.82
Spread needed to break even
0.255%
Slippage from Lighter: live order book, 8 min ago; 01 Exchange: live order book, 3 min ago.

Cost of waiting

funding view
Funding /8h
−0.0192%
Per $10,000 a day
−$5.76
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, 8 min ago0.01 bp0.7 bp −$10.9 bp −$91.4 bp −$1393.8 bp −$1,914
Sell 01 Exchange live order book, 3 min ago2.03 bp9.9 bp −$1093.9 bp −$939doesn't fitdoesn't fit

BTC price on every exchange

against the cheapest. Click to use as the short leg.
Aftermath Perps85,554.3cheapestVariational Omni85,554.8+0.001%Phoenix85,564+0.011%Bulk85,570.3+0.019%BloFin85,613.6+0.069%Backpack85,617.7+0.074%Hotstuff85,622+0.079%Jupiter Perps85,640.6+0.101%Arcus85,646.6+0.108%Nado85,647.4+0.109%dYdX85,651.3+0.113%
01 Exchange85,652.1+0.114%
Ondo Perps85,653+0.115%edgeX85,658.5+0.122%Katana Perps85,659+0.122%StandX85,661.7+0.126%Hibachi85,662.5+0.126%Pacifica85,670.5+0.136%Popdex85,676+0.142%Perpl85,677.8+0.144%KuCoin85,678.7+0.145%Paradex85,684.1+0.152%ApeX Omni85,685.1+0.153%Extended85,691+0.160%Polymarket Perps85,694+0.163%RISEx85,695.6+0.165%Reya85,698+0.168%Kalshi85,705+0.176%Aster85,706.3+0.178%SoDEX85,707+0.178%Aevo85,711.1+0.183%HTX85,711.3+0.183%Binance85,711.7+0.184%
Lighter85,716.8+0.190%
OKX85,717.4+0.191%Derive85,717.6+0.191%Orderly85,717.7+0.191%Vest85,720.2+0.194%Lighter RH85,720.3+0.194%SunX85,720.9+0.195%Bybit85,721.2+0.195%Gate85,721.5+0.195%MEXC85,723.2+0.197%Bitget85,723.5+0.198%Phemex85,723.7+0.198%BingX85,723.8+0.198%Bullet85,727+0.202%Kraken Futures85,730+0.205%gTrade (Gains Network)85,737+0.214%GMX85,738.5+0.215%Injective85,748+0.226%Bluefin85,750.6+0.229%Coinbase International85,754.4+0.234%Hyperliquid85,776+0.259%Deribit85,785+0.270%

BTC on 55 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Aftermath Perps BTCUSD−0.190%−0.0072%1h$85K$142K20xas long as short
Variational Omni BTC−0.189%+0.0100%8h$173.7M$466.2M—as long as short
Phoenix BTC−0.178%+0.0015%1h$1.6M$10.8M40xas long as short
Bulk BTC-USD−0.171%+0.0100%1h$535.4M$59.7M40xas long as short
BloFin BTC-USDT−0.120%+0.0210%8h$420.6M$486.4M150xas long as short
Backpack BTC_USDC_PERP−0.116%+0.0100%1h$39.4M$100.3M75xas long as short
Hotstuff BTC-PERP−0.111%−0.0080%1h$8K$3K50xas long as short
Jupiter Perps WBTC-PERP−0.089%L +0.0104% / S +0.0048%1h—$86.7M500xas long as short
Arcus BTC-USD−0.082%+0.0100%1h$6.1M$77.8M40xas long as short
Nado BTC-PERP−0.081%+0.0067%1h$24.1M$222.9M50xas long as short
Show all 55 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
dYdX BTC-USD−0.076%0.0000%1h$16.7M$14.7M50xas long as short
01 Exchange BTCUSDshort−0.075%−0.0096%1h$280K$2.3M50x
Ondo Perps BTC-USD.P−0.074%+0.0100%1h$3.9M$15.6M25xas long as short
edgeX BTCUSDC−0.068%−0.0095%4h$285.1M$806.4M100xas long as short
Katana Perps BTC-USD−0.067%+0.0100%8h$197K$5.0M50xas long as short
StandX BTC-USD−0.064%+0.0100%1h$30.6M$245.2M40xas long as short
Hibachi BTC/USDT-P−0.063%+0.0088%1h$592K$7.2M30xas long as short
Pacifica BTC−0.054%+0.0100%1h$36.6M$317.3M50xas long as short
Popdex BTCUSDT−0.048%+0.0096%1h$8.4M$41.2M100xas long as short
Perpl BTC−0.045%−0.0447%43m$397K$31.0M6.7xas long as short
KuCoin XBTUSDTM−0.044%+0.0064%8h$805.5M$581.2M125xas long as short
Paradex BTC-USD-PERP−0.038%+0.0082%8h$4.3M$6.5M50xas long as short
ApeX Omni BTCUSDT−0.037%−0.0056%1h$138.5M$316.6M100xas long as short
Extended BTC-USD−0.030%+0.0104%1h$47.4M$201.7M50xas long as short
Polymarket Perps BTC-USD−0.027%+0.0100%1h$10.8M$10.7M50xas long as short
RISEx BTC/USDC−0.025%+0.0178%1h$8.5M$36.9M25xas long as short
Reya BTCRUSDPERP−0.022%−0.0031%1h$6.8M$137.1M40xas long as short
Kalshi KXBTCPERP−0.014%0.0000%8h$8.6M$511.1M6.4xas long as short
Aster BTCUSDT−0.012%+0.0040%8h$489.6M$1.03B200xas long as short
SoDEX BTC-USD−0.011%+0.0023%1h$61.4M$234.7M40xas long as short
Aevo BTC-PERP−0.007%+0.0088%1h$2.4M$1.7M20xas long as short
HTX BTC-USDT−0.006%+0.0037%8h$2.29B$785.3M200xas long as short
Binance BTCUSDT−0.006%+0.0090%8h$9.59B$19.86B150xas long as short
Lighter BTClong0.000%+0.0096%1h$179.6M$868.2M50x
OKX BTC-USDT-SWAP+0.001%+0.0050%8h$2.58B$10.83B100xas long as short
Derive BTC-PERP+0.001%+0.0100%1h$28.6M$55.7M15xas long as short
Orderly PERP_BTC_USDC+0.001%+0.0100%8h$2.4M$6.8M100xas long as short
Vest BTC-PERP+0.004%+0.0100%1h—$13.1M50xas long as short
Lighter RH BTC+0.004%+0.0096%1h$25.5M$132.9M50xas long as short
SunX BTC-USDT+0.005%+0.0100%8h$3.3M$5.4M100xas long as short
Bybit BTCUSDT+0.005%+0.0100%8h$5.10B$7.92B150xas long as short
Gate BTC_USDT+0.006%−0.0013%8h$6.08B$8.66B200xas long as short
MEXC BTC_USDT+0.007%+0.0090%8h$4.98B$4.73B500xas long as short
Bitget BTCUSDT+0.008%−0.0009%8h$2.98B$4.32B150xas long as short
Phemex BTCUSDT+0.008%−0.0013%8h$158.4M$377.3M150xas long as short
BingX BTC-USDT+0.008%−0.0010%8h—$1.30B—as long as short
Bullet BTC-USD+0.012%+0.0069%1h$247K$3.3M20xas long as short
Kraken Futures PF_XBTUSD+0.015%+0.0042%1h$187.0M$759.7M100xas long as short
gTrade (Gains Network) BTC/USD+0.024%L +0.0004% / S −0.0004%1h$36.6M—200xas long as short
GMX BTC/USD [WBTC.b-USDC]+0.025%L +0.0199% / S −0.0201%1h$13.2M—200xas long as short
Injective BTC/USDC PERP+0.036%+0.0180%1h$308K$27.0M52xas long as short
Bluefin BTC-PERP+0.039%−0.0617%1h$143K$401K40xas long as short
Coinbase International BTC-PERP-INTX+0.044%+0.0112%1h$143.8M$6.17B50xas long as short
Hyperliquid BTC+0.069%+0.0131%1h$3.86B$4.11B40xas long as short
Deribit BTC-PERPETUAL+0.080%+0.0395%1h$854.0M$952.0M50xas long as short