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−$10
spread now+0.117%7d average−0.028%fees + slippage, in and out−$24spread needed0.242%
Long on OKXShort on Bluefin
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX BTC-USDT-SWAP86,199.90.0034pay 0.0034% / 8h50m 29s$2.60B$11.42B100x
ShortBluefin BTC-PERP86,300.60.0100get 0.0013% / 1h50m 29s$144K$405K40x

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
$11.68
Funding while held
$1.98
Slippage, 4 orders
−$7.24
Fee OKX: 5 bp × 2 orders
−$10
Fee Bluefin: 3.5 bp × 2 orders
−$7
Net
−$10.58
Spread needed to break even
0.242%
Slippage from OKX: live order book, 5 min ago; Bluefin: live order book, just now.

Cost of waiting

funding view
Funding /8h
+0.0066%
Per $10,000 a day
+$1.98
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 OKX live order book, 5 min ago0.01 bp5.0 bp −$55.1 bp −$516.2 bp −$6227.5 bp −$3,760
Sell Bluefin live order book, just now0.99 bp7.1 bp −$711.8 bp −$118doesn't fitdoesn't fit

BTC price on every exchange

against the cheapest. Click to use as the short leg.
Injective85,839cheapestApeX Omni85,863.3+0.028%Bulk85,950.5+0.130%edgeX85,978.7+0.163%Aftermath Perps86,037+0.231%Hibachi86,038+0.232%Variational Omni86,102.4+0.307%Katana Perps86,170+0.386%Bullet86,185.1+0.403%Extended86,185.5+0.404%Popdex86,186+0.404%Gate86,189.8+0.409%Perpl86,190.3+0.409%Ondo Perps86,191+0.410%01 Exchange86,192.1+0.411%Binance86,198.2+0.418%
OKX86,199.9+0.420%
BingX86,202.5+0.423%Bybit86,202.9+0.424%Reya86,205.9+0.427%KuCoin86,210.8+0.433%Bitget86,211.1+0.433%Hotstuff86,215+0.438%MEXC86,216.6+0.440%Kalshi86,217+0.440%Nado86,220.1+0.444%Arcus86,221.5+0.446%dYdX86,222.2+0.446%gTrade (Gains Network)86,223.6+0.448%Polymarket Perps86,224+0.449%Pacifica86,228.1+0.453%RISEx86,229.2+0.455%Lighter86,233.4+0.459%Lighter RH86,235.4+0.462%Phoenix86,237+0.464%StandX86,239+0.466%Paradex86,242+0.469%Aster86,246.9+0.475%Jupiter Perps86,250.3+0.479%Aevo86,264.2+0.495%Phemex86,268.7+0.501%BloFin86,271.5+0.504%Vest86,272.9+0.505%HTX86,278+0.511%SunX86,282.2+0.516%Orderly86,286.3+0.521%SoDEX86,287+0.522%Derive86,288.6+0.524%GMX86,293+0.529%Backpack86,298.3+0.535%
Bluefin86,300.6+0.538%
Kraken Futures86,305.4+0.543%Hyperliquid86,310+0.549%Coinbase International86,347+0.592%Deribit86,359.5+0.606%

BTC on 55 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Injective BTC/USDC PERP−0.419%+0.0108%1h$304K$27.0M52xas long as short
ApeX Omni BTCUSDT−0.391%−0.0165%1h$139.6M$317.7M100xas long as short
Bulk BTC-USD−0.289%+0.0100%1h$541.8M$78.7M40xas long as short
edgeX BTCUSDC−0.257%−0.0109%4h$278.4M$853.3M100xas long as short
Aftermath Perps BTCUSD−0.189%−0.0068%1h$86K$152K20xas long as short
Hibachi BTC/USDT-P−0.188%+0.0136%1h$630K$7.3M30xas long as short
Variational Omni BTC−0.113%+0.0100%8h$172.0M$502.1M—as long as short
Katana Perps BTC-USD−0.035%+0.0100%8h$191K$5.3M50xas long as short
Bullet BTC-USD−0.017%+0.0100%1h$245K$3.3M20xas long as short
Extended BTC-USD−0.017%+0.0104%1h$48.2M$207.6M50xas long as short
Show all 55 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Popdex BTCUSDT−0.016%+0.0096%1h$8.5M$44.1M100xas long as short
Gate BTC_USDT−0.012%−0.0007%8h$6.14B$9.10B200xas long as short
Perpl BTC−0.011%−0.0223%43m$465K$30.2M6.7xas long as short
Ondo Perps BTC-USD.P−0.010%+0.0100%1h$3.9M$16.2M25xas long as short
01 Exchange BTCUSD−0.009%−0.0104%1h$283K$2.4M50xas long as short
Binance BTCUSDT−0.002%+0.0080%8h$9.61B$21.18B150xas long as short
OKX BTC-USDT-SWAPlong0.000%+0.0034%8h$2.60B$11.42B100x
BingX BTC-USDT+0.003%−0.0007%8h—$1.37B—as long as short
Bybit BTCUSDT+0.003%+0.0100%8h$5.15B$8.35B150xas long as short
Reya BTCRUSDPERP+0.007%−0.0024%1h$6.7M$137.5M40xas long as short
KuCoin XBTUSDTM+0.013%+0.0052%8h$796.1M$611.3M125xas long as short
Bitget BTCUSDT+0.013%−0.0005%8h$2.96B$4.60B150xas long as short
Hotstuff BTC-PERP+0.018%−0.0080%1h$9K$3K50xas long as short
MEXC BTC_USDT+0.019%+0.0078%8h$4.99B$4.95B500xas long as short
Kalshi KXBTCPERP+0.020%+0.0107%8h$10.3M$551.6M6.4xas long as short
Nado BTC-PERP+0.023%+0.0100%1h$23.3M$229.5M50xas long as short
Arcus BTC-USD+0.025%+0.0100%1h$5.5M$81.5M40xas long as short
dYdX BTC-USD+0.026%0.0000%1h$16.9M$16.4M50xas long as short
gTrade (Gains Network) BTC/USD+0.027%L +0.0005% / S −0.0004%1h$36.9M—200xas long as short
Polymarket Perps BTC-USD+0.028%+0.0100%1h$11.0M$11.5M50xas long as short
Pacifica BTC+0.033%+0.0100%1h$36.6M$337.2M50xas long as short
RISEx BTC/USDC+0.034%+0.0128%1h$8.6M$38.5M25xas long as short
Lighter BTC+0.039%+0.0096%1h$172.6M$904.2M50xas long as short
Lighter RH BTC+0.041%+0.0096%1h$25.1M$135.7M50xas long as short
Phoenix BTC+0.043%−0.0086%1h$2.0M$10.8M40xas long as short
StandX BTC-USD+0.045%+0.0100%1h$30.8M$239.5M40xas long as short
Paradex BTC-USD-PERP+0.049%+0.0081%8h$4.4M$6.6M50xas long as short
Aster BTCUSDT+0.054%+0.0048%8h$491.5M$1.11B200xas long as short
Jupiter Perps WBTC-PERP+0.058%L +0.0104% / S +0.0048%1h—$87.3M500xas long as short
Aevo BTC-PERP+0.075%+0.0080%1h$2.4M$1.6M20xas long as short
Phemex BTCUSDT+0.080%−0.0032%8h$158.2M$391.6M150xas long as short
BloFin BTC-USDT+0.083%+0.0079%8h$430.3M$533.6M150xas long as short
Vest BTC-PERP+0.085%+0.0100%1h—$12.6M50xas long as short
HTX BTC-USDT+0.091%+0.0056%8h$2.31B$816.7M200xas long as short
SunX BTC-USDT+0.095%+0.0100%8h$3.3M$5.7M100xas long as short
Orderly PERP_BTC_USDC+0.100%+0.0100%8h$2.4M$7.1M100xas long as short
SoDEX BTC-USD+0.101%+0.0091%1h$61.4M$259.1M40xas long as short
Derive BTC-PERP+0.103%+0.0100%1h$30.3M$58.2M15xas long as short
GMX BTC/USD [WBTC.b-USDC]+0.108%L +0.0198% / S −0.0177%1h$12.6M—200xas long as short
Backpack BTC_USDC_PERP+0.114%+0.0100%1h$39.5M$103.4M75xas long as short
Bluefin BTC-PERPshort+0.117%+0.0100%1h$144K$405K40x
Kraken Futures PF_XBTUSD+0.122%+0.0071%1h$184.1M$798.6M100xas long as short
Hyperliquid BTC+0.128%+0.0327%1h$3.92B$4.30B40xas long as short
Coinbase International BTC-PERP-INTX+0.171%+0.0104%1h$151.0M$6.26B50xas long as short
Deribit BTC-PERPETUAL+0.185%+0.0371%1h$880.8M$1.03B50xas long as short