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−$3
spread now+0.122%7d average−0.015%fees + slippage, in and out−$16spread needed0.163%
Long on ParadexShort on Kraken Futures
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongParadex BTC-USD-PERP85,321.50.0082pay 0.0082% / 8h1h 38m$4.3M$6.5M50x
ShortKraken Futures PF_XBTUSD85,425.60.0042get 0.0005% / 1h38m 28s$187.7M$752.4M100x

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
$12.2
Funding while held
−$1.18
Slippage, 4 orders
−$2.26
Fee Paradex: 2 bp × 2 orders
−$4
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
−$5.25
Spread needed to break even
0.163%
Slippage from Paradex: live order book, 2 min ago; Kraken Futures: live order book, 2 min ago.

Cost of waiting

funding view
Funding /8h
−0.0039%
Per $10,000 a day
−$1.18
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 Paradex live order book, 2 min ago1.01 bp3.0 bp −$33.0 bp −$30doesn't fitdoesn't fit
Sell Kraken Futures live order book, 2 min ago0.06 bp5.1 bp −$56.3 bp −$637.9 bp −$7939.6 bp −$4,819

BTC price on every exchange

against the cheapest. Click to use as the short leg.
Bulk85,233.5cheapestExtended85,272.3+0.046%01 Exchange85,292.2+0.069%Arcus85,299.6+0.078%ApeX Omni85,303.6+0.082%Katana Perps85,307+0.086%Lighter85,309.2+0.089%Reya85,312.9+0.093%Lighter RH85,314.2+0.095%Gate85,317.4+0.098%Popdex85,320+0.101%OKX85,320.4+0.102%
Paradex85,321.5+0.103%
Bybit85,323.4+0.105%Polymarket Perps85,326+0.108%Bitget85,331.9+0.115%Pacifica85,335+0.119%Aftermath Perps85,337.7+0.122%MEXC85,342.6+0.128%Ondo Perps85,343+0.128%edgeX85,343.4+0.129%Perpl85,343.8+0.129%RISEx85,345.9+0.132%dYdX85,347+0.133%BingX85,347.2+0.133%KuCoin85,350.5+0.137%Bullet85,354.2+0.142%Variational Omni85,357.7+0.146%Binance85,359.2+0.147%Aster85,363.6+0.153%Backpack85,369+0.159%gTrade (Gains Network)85,372.9+0.164%Hotstuff85,375+0.166%Jupiter Perps85,376.6+0.168%Vest85,376.8+0.168%Derive85,377.8+0.169%StandX85,380.2+0.172%Aevo85,381.8+0.174%Phoenix85,383+0.175%Orderly85,389.9+0.183%Nado85,390.4+0.184%BloFin85,390.9+0.185%SunX85,391.8+0.186%SoDEX85,398+0.193%HTX85,400.4+0.196%Injective85,406+0.202%Phemex85,406.8+0.203%Kalshi85,410+0.207%GMX85,411.1+0.208%Hibachi85,416+0.214%Hyperliquid85,417.8+0.216%
Kraken Futures85,425.6+0.225%
Bluefin85,427.2+0.227%Coinbase International85,443.5+0.246%Deribit85,478.7+0.288%

BTC on 55 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Bulk BTC-USD−0.103%+0.0100%1h$533.0M$59.2M40xas long as short
Extended BTC-USD−0.058%+0.0104%1h$47.3M$200.5M50xas long as short
01 Exchange BTCUSD−0.034%−0.0088%1h$279K$2.3M50xas long as short
Arcus BTC-USD−0.026%+0.0100%1h$6.0M$77.5M40xas long as short
ApeX Omni BTCUSDT−0.021%−0.0159%1h$138.1M$316.9M100xas long as short
Katana Perps BTC-USD−0.017%+0.0100%8h$195K$5.0M50xas long as short
Lighter BTC−0.014%+0.0096%1h$182.0M$856.9M50xas long as short
Reya BTCRUSDPERP−0.010%−0.0032%1h$6.8M$137.5M40xas long as short
Lighter RH BTC−0.009%+0.0096%1h$25.5M$132.3M50xas long as short
Gate BTC_USDT−0.005%−0.0016%8h$6.03B$8.56B200xas long as short
Show all 55 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Popdex BTCUSDT−0.002%+0.0096%1h$8.4M$40.9M100xas long as short
OKX BTC-USDT-SWAP−0.001%+0.0054%8h$2.56B$10.68B100xas long as short
Paradex BTC-USD-PERPlong0.000%+0.0082%8h$4.3M$6.5M50x
Bybit BTCUSDT+0.002%+0.0100%8h$5.07B$7.85B150xas long as short
Polymarket Perps BTC-USD+0.005%+0.0100%1h$10.8M$10.6M50xas long as short
Bitget BTCUSDT+0.012%−0.0010%8h$2.96B$4.28B150xas long as short
Pacifica BTC+0.016%+0.0100%1h$36.5M$317.3M50xas long as short
Aftermath Perps BTCUSD+0.019%−0.0061%1h$83K$140K20xas long as short
MEXC BTC_USDT+0.025%+0.0091%8h$4.94B$4.67B500xas long as short
Ondo Perps BTC-USD.P+0.025%+0.0100%1h$3.9M$15.5M25xas long as short
edgeX BTCUSDC+0.026%−0.0114%4h$284.1M$800.7M100xas long as short
Perpl BTC+0.026%−0.0447%43m$400K$31.1M6.7xas long as short
RISEx BTC/USDC+0.029%+0.0178%1h$8.8M$36.7M25xas long as short
dYdX BTC-USD+0.030%0.0000%1h$16.5M$14.3M50xas long as short
BingX BTC-USDC+0.030%−0.0010%8h—$14.4M—as long as short
KuCoin XBTUSDTM+0.034%+0.0064%8h$802.1M$578.0M125xas long as short
Bullet BTC-USD+0.038%+0.0078%1h$248K$3.3M20xas long as short
Variational Omni BTC+0.042%+0.0100%8h$173.7M$467.5M—as long as short
Binance BTCUSDT+0.044%+0.0091%8h$9.54B$19.64B150xas long as short
Aster BTCUSDT+0.049%+0.0037%8h$493.8M$1.02B200xas long as short
Backpack BTC_USDC_PERP+0.056%+0.0100%1h$39.3M$100.7M75xas long as short
gTrade (Gains Network) BTC/USD+0.060%L +0.0004% / S −0.0004%1h$36.5M—200xas long as short
Hotstuff BTC-PERP+0.063%−0.0080%1h$8K$3K50xas long as short
Jupiter Perps WBTC-PERP+0.065%L +0.0104% / S +0.0048%1h—$85.5M500xas long as short
Vest BTC-PERP+0.065%+0.0100%1h—$13.1M50xas long as short
Derive BTC-PERP+0.066%+0.0054%1h$28.3M$55.9M15xas long as short
StandX BTC-USD+0.069%+0.0100%1h$30.5M$245.9M40xas long as short
Aevo BTC-PERP+0.071%+0.0096%1h$2.4M$1.7M20xas long as short
Phoenix BTC+0.072%+0.0015%1h$1.6M$10.8M40xas long as short
Orderly PERP_BTC_USDC+0.080%+0.0100%8h$2.4M$6.7M100xas long as short
Nado BTC-PERP+0.081%+0.0071%1h$23.9M$222.0M50xas long as short
BloFin BTC-USDT+0.081%+0.0212%8h$421.4M$482.2M150xas long as short
SunX BTC-USDT+0.082%+0.0100%8h$3.3M$5.3M100xas long as short
SoDEX BTC-USD+0.090%+0.0023%1h$61.2M$234.5M40xas long as short
HTX BTC-USDT+0.092%+0.0033%8h$2.29B$780.9M200xas long as short
Injective BTC/USDC PERP+0.099%+0.0180%1h$306K$27.0M52xas long as short
Phemex BTCUSDT+0.100%−0.0011%8h$157.7M$374.7M150xas long as short
Kalshi KXBTCPERP+0.104%0.0000%8h$8.7M$504.3M6.4xas long as short
GMX BTC/USD [WBTC.b-USDC]+0.105%L +0.0198% / S −0.0210%1h$13.1M—200xas long as short
Hibachi BTC/USDT-P+0.111%+0.0128%1h$592K$7.4M30xas long as short
Hyperliquid BTC+0.113%+0.0116%1h$3.84B$4.08B40xas long as short
Kraken Futures PF_XBTUSDshort+0.122%+0.0042%1h$187.7M$752.4M100x
Bluefin BTC-PERP+0.124%−0.1039%1h$142K$400K40xas long as short
Coinbase International BTC-PERP-INTX+0.143%+0.0112%1h$142.7M$6.13B50xas long as short
Deribit BTC-PERPETUAL+0.184%+0.0467%1h$850.1M$933.8M50xas long as short