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−$13
spread now−0.012%7d average−0.009%fees + slippage, in and out−$13spread needed0.127%
Long on Lighter RHShort on Bybit
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter RH BTC86,058.20.0096pay 0.0012% / 1h4m 15s$24.7M$136.8M50x
ShortBybit BTCUSDT86,048.30.0027get 0.0027% / 8h7h 04m$5.26B$8.56B150x

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
−$1.16
Funding while held
−$2.06
Slippage, 4 orders
−$1.74
Fee Lighter RH: 0 bp × 2 orders
$0
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$15.96
Spread needed to break even
0.127%
Slippage from Lighter RH: live order book, 6 min ago; Bybit: live order book, 1 min ago.

Cost of waiting

funding view
Funding /8h
−0.0069%
Per $10,000 a day
−$2.06
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 RH live order book, 6 min ago0.22 bp1.0 bp −$11.7 bp −$173.5 bp −$34823.4 bp −$11.7K
Sell Bybit live order book, 1 min ago0.01 bp5.5 bp −$65.6 bp −$566.9 bp −$6898.4 bp −$4,201

BTC price on every exchange

against the cheapest. Click to use as the short leg.
ApeX Omni85,872.2cheapestBloFin85,880+0.009%Hotstuff85,893+0.024%Variational Omni85,894.8+0.026%StandX85,905.7+0.039%Phoenix85,908+0.042%Bulk85,912.3+0.047%Injective85,925+0.061%Backpack85,938.3+0.077%Bluefin85,945.6+0.085%Hibachi85,945.6+0.086%Aftermath Perps85,964.2+0.107%Jupiter Perps85,968.1+0.112%edgeX85,979.3+0.125%Arcus86,030.7+0.185%HTX86,036.4+0.191%Phemex86,039.4+0.195%SoDEX86,040+0.195%Bitget86,041.4+0.197%MEXC86,042.1+0.198%Aster86,042.7+0.199%Binance86,043.8+0.200%Gate86,045.6+0.202%OKX86,045.7+0.202%
Bybit86,048.3+0.205%
Perpl86,048.9+0.206%BingX86,049.7+0.207%Aevo86,050.4+0.207%Pacifica86,051+0.208%Bullet86,054+0.212%KuCoin86,054.3+0.212%Derive86,057.6+0.216%Lighter86,057.8+0.216%
Lighter RH86,058.2+0.217%
Orderly86,058.7+0.217%Extended86,059.7+0.218%Nado86,060.4+0.219%Kalshi86,061+0.220%Reya86,062.2+0.221%Popdex86,063+0.222%Paradex86,065.5+0.225%Vest86,065.8+0.225%dYdX86,073+0.234%Katana Perps86,073+0.234%Polymarket Perps86,073+0.234%Ondo Perps86,075+0.236%SunX86,075.8+0.237%01 Exchange86,084.5+0.247%Kraken Futures86,099.1+0.264%RISEx86,100.7+0.266%GMX86,103.2+0.269%gTrade (Gains Network)86,103.4+0.269%Deribit86,124.6+0.294%Coinbase International86,140.4+0.312%Hyperliquid86,150+0.323%

BTC on 55 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
ApeX Omni BTCUSDT−0.216%−0.0016%1h$138.9M$318.3M100xas long as short
BloFin BTC-USDT−0.207%−0.0082%8h$421.2M$562.0M150xas long as short
Hotstuff BTC-PERP−0.192%−0.0080%1h$9K$4K50xas long as short
Variational Omni BTC−0.190%+0.0083%8h$172.4M$507.5M—as long as short
StandX BTC-USD−0.177%+0.0094%1h$30.6M$228.5M40xas long as short
Phoenix BTC−0.175%−0.0116%1h$1.9M$11.4M40xas long as short
Bulk BTC-USD−0.169%−0.0010%1h$560.4M$140.4M40xas long as short
Injective BTC/USDC PERP−0.155%−0.0137%1h$308K$27.0M52xas long as short
Backpack BTC_USDC_PERP−0.139%+0.0100%1h$37.4M$121.9M75xas long as short
Bluefin BTC-PERP−0.131%−0.7080%1h$142K$367K40xas long as short
Show all 55 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Hibachi BTC/USDT-P−0.131%+0.0104%1h$751K$7.4M30xas long as short
Aftermath Perps BTCUSD−0.109%+0.0087%1h$87K$150K20xas long as short
Jupiter Perps WBTC-PERP−0.105%L +0.0104% / S +0.0048%1h—$85.6M500xas long as short
edgeX BTCUSDC−0.092%+0.0100%4h$279.0M$887.3M100xas long as short
Arcus BTC-USD−0.032%+0.0100%1h$6.6M$84.5M40xas long as short
HTX BTC-USDT−0.025%+0.0100%8h$2.29B$840.4M200xas long as short
Phemex BTCUSDT−0.022%−0.0104%8h$148.5M$413.3M150xas long as short
SoDEX BTC-USD−0.021%−0.0024%1h$60.9M$284.0M40xas long as short
Bitget BTCUSDT−0.020%−0.0003%8h$2.97B$4.66B150xas long as short
MEXC BTC_USDT−0.019%+0.0037%8h$5.15B$5.30B500xas long as short
Aster BTCUSDT−0.018%+0.0026%8h$506.1M$1.11B200xas long as short
Binance BTCUSDT−0.017%+0.0037%8h$9.50B$21.86B150xas long as short
Gate BTC_USDT−0.015%+0.0063%8h$6.06B$9.55B200xas long as short
OKX BTC-USDT-SWAP−0.015%+0.0012%8h$2.66B$11.54B100xas long as short
Bybit BTCUSDTshort−0.012%+0.0027%8h$5.26B$8.56B150x
Perpl BTC−0.011%−0.0335%43m$406K$27.4M6.7xas long as short
BingX BTC-USDC−0.010%−0.0003%8h—$14.7M—as long as short
Aevo BTC-PERP−0.009%+0.0040%1h$2.4M$1.3M20xas long as short
Pacifica BTC−0.008%+0.0100%1h$36.7M$384.2M50xas long as short
Bullet BTC-USD−0.005%+0.0100%1h$231K$3.3M20xas long as short
KuCoin XBTUSDTM−0.005%+0.0006%8h$794.5M$609.3M125xas long as short
Derive BTC-PERP−0.001%+0.0078%1h$30.5M$59.8M15xas long as short
Lighter BTC0.000%+0.0096%1h$171.5M$942.4M50xas long as short
Lighter RH BTClong0.000%+0.0096%1h$24.7M$136.8M50x
Orderly PERP_BTC_USDC+0.001%+0.0100%8h$2.3M$7.3M100xas long as short
Extended BTC-USD+0.002%−0.0024%1h$48.7M$202.3M50xas long as short
Nado BTC-PERP+0.002%+0.0100%1h$23.4M$227.1M50xas long as short
Kalshi KXBTCPERP+0.003%+0.0105%8h$14.1M$613.6M6.4xas long as short
Reya BTCRUSDPERP+0.005%−0.0019%1h$6.8M$138.1M40xas long as short
Popdex BTCUSDT+0.006%+0.0096%1h$8.5M$46.2M100xas long as short
Paradex BTC-USD-PERP+0.009%+0.0094%8h$4.4M$6.8M50xas long as short
Vest BTC-PERP+0.009%+0.0100%1h—$11.9M50xas long as short
dYdX BTC-USD+0.017%−0.0010%1h$17.4M$17.7M50xas long as short
Katana Perps BTC-USD+0.017%+0.0100%8h$202K$5.6M50xas long as short
Polymarket Perps BTC-USD+0.017%+0.0100%1h$11.0M$11.5M50xas long as short
Ondo Perps BTC-USD.P+0.020%+0.0100%1h$4.0M$16.5M25xas long as short
SunX BTC-USDT+0.020%+0.0100%8h$3.3M$5.9M100xas long as short
01 Exchange BTCUSD+0.031%−0.0056%1h$294K$2.4M50xas long as short
Kraken Futures PF_XBTUSD+0.048%−0.0040%1h$188.8M$810.4M100xas long as short
RISEx BTC/USDC+0.049%+0.0132%1h$9.2M$38.7M25xas long as short
GMX BTC/USD [WBTC.b-USDC]+0.052%L +0.0171% / S −0.0149%1h$12.5M—200xas long as short
gTrade (Gains Network) BTC/USD+0.053%L +0.0005% / S −0.0004%1h$36.9M—200xas long as short
Deribit BTC-PERPETUAL+0.077%+0.0135%1h$912.0M$1.11B50xas long as short
Coinbase International BTC-PERP-INTX+0.096%+0.0112%1h$128.5M$6.03B50xas long as short
Hyperliquid BTC+0.107%+0.0137%1h$3.90B$4.37B40xas long as short