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−$15
spread now−0.005%7d average−0.012%fees + slippage, in and out−$16spread needed0.160%
Long on Lighter RHShort on dYdX
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter RH BTC85,9150.0096pay 0.0012% / 1h55m 20s$24.5M$137.0M50x
ShortdYdX BTC-USD85,911−0.0004pay 0.0001% / 1h55m 20s$17.1M$18.1M50x

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
−$0.47
Funding while held
−$3.01
Slippage, 4 orders
−$6.04
Fee Lighter RH: 0 bp × 2 orders
$0
Fee dYdX: 5 bp × 2 orders
−$10
Net
−$19.52
Spread needed to break even
0.160%
Slippage from Lighter RH: live order book, 5 min ago; dYdX: live order book, just now.

Cost of waiting

funding view
Funding /8h
−0.0100%
Per $10,000 a day
−$3.01
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, 5 min ago0.36 bp1.5 bp −$22.0 bp −$204.4 bp −$43925.8 bp −$12.9K
Sell dYdX live order book, just now0.06 bp5.3 bp −$57.8 bp −$7810.6 bp −$1,05617.7 bp −$8,874

BTC price on every exchange

against the cheapest. Click to use as the short leg.
Bulk85,658.4cheapestInjective85,720+0.072%Variational Omni85,805.8+0.172%Nado85,811.1+0.178%StandX85,829.9+0.200%Phoenix85,844+0.217%Backpack85,847.3+0.221%Aftermath Perps85,852.3+0.226%edgeX85,853.4+0.228%ApeX Omni85,860.2+0.236%HTX85,870.2+0.247%Jupiter Perps85,870.4+0.248%Arcus85,871.3+0.249%Hotstuff85,873+0.251%Aster85,879.3+0.258%KuCoin85,882.7+0.262%Gate85,883.1+0.262%Aevo85,884.7+0.264%Perpl85,885.2+0.265%Bybit85,888.7+0.269%Bitget85,889.5+0.270%Ondo Perps85,890+0.270%MEXC85,891.1+0.272%Hibachi85,893.5+0.274%Pacifica85,894+0.275%Popdex85,894+0.275%SoDEX85,894+0.275%BloFin85,894.2+0.275%Binance85,894.3+0.275%Phemex85,894.3+0.275%Extended85,894.9+0.276%Reya85,895.6+0.277%SunX85,896.5+0.278%Bullet85,896.8+0.278%BingX85,897.2+0.279%Katana Perps85,898+0.280%OKX85,899.9+0.282%
dYdX85,911+0.295%
Orderly85,911.3+0.295%Kalshi85,912+0.296%Polymarket Perps85,912+0.296%Lighter85,914.8+0.299%
Lighter RH85,915+0.300%
Derive85,921.6+0.307%01 Exchange85,926.4+0.313%GMX85,929.1+0.316%RISEx85,930+0.317%gTrade (Gains Network)85,930+0.317%Paradex85,930.8+0.318%Bluefin85,930.9+0.318%Vest85,934.2+0.322%Kraken Futures85,939.4+0.328%Deribit85,970.5+0.364%Coinbase International85,971+0.365%Hyperliquid85,985+0.381%

BTC on 55 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Bulk BTC-USD−0.299%−0.0005%1h$560.1M$127.0M40xas long as short
Injective BTC/USDC PERP−0.227%−0.0006%1h$307K$27.0M52xas long as short
Variational Omni BTC−0.127%+0.0068%8h$170.5M$505.8M—as long as short
Nado BTC-PERP−0.121%+0.0100%1h$23.2M$227.1M50xas long as short
StandX BTC-USD−0.099%+0.0100%1h$30.7M$217.0M40xas long as short
Phoenix BTC−0.083%−0.0082%1h$1.9M$11.0M40xas long as short
Backpack BTC_USDC_PERP−0.079%+0.0100%1h$37.5M$131.1M75xas long as short
Aftermath Perps BTCUSD−0.073%+0.0037%1h$86K$152K20xas long as short
edgeX BTCUSDC−0.072%+0.0100%4h$280.3M$881.3M100xas long as short
ApeX Omni BTCUSDT−0.064%−0.0018%1h$139.6M$319.6M100xas long as short
Show all 55 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
HTX BTC-USDT−0.052%+0.0100%8h$2.29B$840.0M200xas long as short
Jupiter Perps WBTC-PERP−0.052%L +0.0104% / S +0.0048%1h—$84.5M500xas long as short
Arcus BTC-USD−0.051%−0.0299%1h$6.7M$85.4M40xas long as short
Hotstuff BTC-PERP−0.049%−0.0080%1h$9K$4K50xas long as short
Aster BTCUSDT−0.042%+0.0013%8h$504.8M$1.09B200xas long as short
KuCoin XBTUSDTM−0.038%−0.0007%8h$803.0M$618.6M125xas long as short
Gate BTC_USDT−0.037%+0.0023%8h$6.06B$9.56B200xas long as short
Aevo BTC-PERP−0.035%+0.0024%1h$2.4M$1.3M20xas long as short
Perpl BTC−0.035%−0.0447%43m$407K$26.3M6.7xas long as short
Bybit BTCUSDT−0.031%+0.0022%8h$5.25B$8.62B150xas long as short
Bitget BTCUSDT−0.030%−0.0001%8h$2.96B$4.67B150xas long as short
Ondo Perps BTC-USD.P−0.029%+0.0100%1h$3.9M$16.9M25xas long as short
MEXC BTC_USDT−0.028%+0.0026%8h$5.18B$5.05B500xas long as short
Hibachi BTC/USDT-P−0.025%+0.0112%1h$751K$6.6M30xas long as short
Pacifica BTC−0.024%+0.0100%1h$36.6M$407.0M50xas long as short
Popdex BTCUSDT−0.024%+0.0064%1h$8.5M$46.7M100xas long as short
SoDEX BTC-USD−0.024%+0.0035%1h$60.9M$284.6M40xas long as short
BloFin BTC-USDT−0.024%−0.0093%8h$422.5M$567.9M150xas long as short
Binance BTCUSDT−0.024%+0.0027%8h$9.47B$22.07B150xas long as short
Phemex BTCUSDT−0.024%−0.0011%8h$147.9M$420.8M150xas long as short
Extended BTC-USD−0.023%+0.0080%1h$48.6M$200.2M50xas long as short
Reya BTCRUSDPERP−0.023%−0.0017%1h$6.7M$138.3M40xas long as short
SunX BTC-USDT−0.022%+0.0100%8h$3.4M$5.8M100xas long as short
Bullet BTC-USD−0.021%+0.0100%1h$236K$3.3M20xas long as short
BingX BTC-USDC−0.021%−0.0002%8h—$14.7M—as long as short
Katana Perps BTC-USD−0.020%+0.0100%8h$189K$5.8M50xas long as short
OKX BTC-USDT-SWAP−0.018%+0.0019%8h$2.66B$11.57B100xas long as short
dYdX BTC-USDshort−0.005%−0.0004%1h$17.1M$18.1M50x
Orderly PERP_BTC_USDC−0.004%+0.0100%8h$2.4M$7.4M100xas long as short
Kalshi KXBTCPERP−0.003%0.0000%8h$12.5M$647.2M6.4xas long as short
Polymarket Perps BTC-USD−0.003%+0.0100%1h$11.0M$11.9M50xas long as short
Lighter BTC0.000%+0.0096%1h$171.9M$940.1M50xas long as short
Lighter RH BTClong0.000%+0.0096%1h$24.5M$137.0M50x
Derive BTC-PERP+0.008%+0.0100%1h$30.4M$58.9M15xas long as short
01 Exchange BTCUSD+0.013%−0.0032%1h$309K$2.4M50xas long as short
GMX BTC/USD [WBTC.b-USDC]+0.016%L +0.0172% / S −0.0153%1h$12.7M—200xas long as short
RISEx BTC/USDC+0.017%+0.0031%1h$9.1M$38.5M25xas long as short
gTrade (Gains Network) BTC/USD+0.017%L +0.0005% / S −0.0004%1h$36.8M—200xas long as short
Paradex BTC-USD-PERP+0.018%+0.0098%8h$4.4M$6.9M50xas long as short
Bluefin BTC-PERP+0.019%+0.0100%1h$143K$411K40xas long as short
Vest BTC-PERP+0.022%+0.0100%1h—$11.5M50xas long as short
Kraken Futures PF_XBTUSD+0.028%−0.0019%1h$188.2M$816.0M100xas long as short
Deribit BTC-PERPETUAL+0.065%+0.0128%1h$916.2M$1.10B50xas long as short
Coinbase International BTC-PERP-INTX+0.065%+0.0200%1h$129.1M$5.86B50xas long as short
Hyperliquid BTC+0.081%+0.0157%1h$3.96B$4.45B40xas long as short