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−$6
spread now+0.003%7d average−0.004%fees + slippage, in and out−$7spread needed0.066%
Long on ParadexShort on Lighter
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongParadex BTC-USD-PERP85,0160.0097pay 0.0097% / 8h2h 34m$4.3M$6.5M50x
ShortLighter BTC85,018.10.0096get 0.0012% / 1h34m 12s$188.0M$772.5M50x

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
$0.25
Funding while held
−$0.04
Slippage, 4 orders
−$2.62
Fee Paradex: 2 bp × 2 orders
−$4
Fee Lighter: 0 bp × 2 orders
$0
Net
−$6.41
Spread needed to break even
0.066%
Slippage from Paradex: live order book, 1 min ago; Lighter: live order book, 6 min ago.

Cost of waiting

funding view
Funding /8h
−0.0001%
Per $10,000 a day
−$0.04
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, 1 min ago1.02 bp3.0 bp −$33.0 bp −$30doesn't fitdoesn't fit
Sell Lighter live order book, 6 min ago0.02 bp0.4 bp $00.6 bp −$61.8 bp −$1774.4 bp −$2,205

BTC price on every exchange

against the cheapest. Click to use as the short leg.
Katana Perps84,958cheapestReya84,961.8+0.004%SunX84,965.1+0.008%Popdex84,975+0.020%Extended84,977.8+0.023%Arcus84,979.7+0.026%Polymarket Perps84,980+0.026%01 Exchange84,985.4+0.032%Bullet84,986.3+0.033%Backpack84,989.5+0.037%Orderly84,989.9+0.038%HTX84,993.4+0.042%RISEx84,993.7+0.042%Aevo84,995.5+0.044%Ondo Perps84,998+0.047%Aster85,001.3+0.051%KuCoin85,001.4+0.051%SoDEX85,007+0.058%Gate85,009.6+0.061%Bitget85,010.4+0.062%OKX85,015.5+0.068%MEXC85,015.6+0.068%Lighter RH85,015.7+0.068%
Paradex85,016+0.068%
BingX85,017+0.069%Binance85,017.4+0.070%
Lighter85,018.1+0.071%
Bybit85,019.9+0.073%Derive85,022.2+0.076%gTrade (Gains Network)85,024+0.078%Bluefin85,024.4+0.078%Kraken Futures85,024.8+0.079%dYdX85,027.8+0.082%BloFin85,027.9+0.082%Pacifica85,029.8+0.084%GMX85,029.9+0.085%Phemex85,032.4+0.088%Kalshi85,040+0.097%Nado85,040.9+0.098%Coinbase International85,043+0.100%Vest85,058.8+0.119%Hotstuff85,063+0.124%Perpl85,063.7+0.124%Jupiter Perps85,066.9+0.128%Deribit85,078.3+0.142%StandX85,081+0.145%Hyperliquid85,102+0.169%Hibachi85,106.9+0.175%ApeX Omni85,119.6+0.190%Variational Omni85,119.9+0.191%Aftermath Perps85,122.7+0.194%edgeX85,123.1+0.194%Bulk85,133.3+0.206%Phoenix85,212+0.299%Injective85,352+0.464%

BTC on 55 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Katana Perps BTC-USD−0.068%+0.0100%8h$232K$4.5M50xas long as short
Reya BTCRUSDPERP−0.064%−0.0048%1h$6.7M$128.6M40xas long as short
SunX BTC-USDT−0.060%+0.0100%8h$3.3M$5.0M100xas long as short
Popdex BTCUSDT−0.048%+0.0048%1h$8.4M$36.5M100xas long as short
Extended BTC-USD−0.045%+0.0104%1h$46.9M$172.8M50xas long as short
Arcus BTC-USD−0.043%+0.0100%1h$6.4M$72.2M40xas long as short
Polymarket Perps BTC-USD−0.042%+0.0100%1h$10.7M$9.7M50xas long as short
01 Exchange BTCUSD−0.036%−0.0032%1h$314K$2.1M50xas long as short
Bullet BTC-USD−0.035%+0.0079%1h$227K$3.3M20xas long as short
Backpack BTC_USDC_PERP−0.031%+0.0035%1h$39.8M$102.4M75xas long as short
Show all 55 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Orderly PERP_BTC_USDC−0.031%+0.0100%8h$2.2M$6.3M100xas long as short
HTX BTC-USDT−0.027%−0.0004%8h$2.28B$726.1M200xas long as short
RISEx BTC/USDC−0.026%+0.0090%1h$8.0M$35.0M25xas long as short
Aevo BTC-PERP−0.024%+0.0096%1h$2.4M$1.7M20xas long as short
Ondo Perps BTC-USD.P−0.021%+0.0100%1h$3.9M$14.8M25xas long as short
Aster BTCUSDT−0.017%+0.0052%8h$489.3M$867.2M200xas long as short
KuCoin XBTUSDTM−0.017%+0.0079%8h$802.7M$544.6M125xas long as short
SoDEX BTC-USD−0.011%−0.0005%1h$60.9M$233.3M40xas long as short
Gate BTC_USDT−0.008%−0.0058%8h$6.01B$7.79B200xas long as short
Bitget BTCUSDT−0.007%−0.0015%8h$2.92B$3.96B150xas long as short
OKX BTC-USDT-SWAP−0.001%+0.0072%8h$2.54B$9.87B100xas long as short
MEXC BTC_USDT0.000%+0.0100%8h$5.07B$4.31B500xas long as short
Lighter RH BTC0.000%+0.0096%1h$25.0M$121.7M50xas long as short
Paradex BTC-USD-PERPlong0.000%+0.0097%8h$4.3M$6.5M50x
BingX BTC-USDT+0.001%−0.0014%8h—$1.17B—as long as short
Binance BTCUSDT+0.002%+0.0100%8h$9.49B$17.81B150xas long as short
Lighter BTCshort+0.003%+0.0096%1h$188.0M$772.5M50x
Bybit BTCUSDT+0.005%+0.0100%8h$5.04B$7.13B150xas long as short
Derive BTC-PERP+0.007%+0.0100%1h$26.0M$49.8M15xas long as short
gTrade (Gains Network) BTC/USD+0.009%L +0.0004% / S −0.0004%1h$36.4M—200xas long as short
Bluefin BTC-PERP+0.010%+0.0100%1h$142K$355K40xas long as short
Kraken Futures PF_XBTUSD+0.010%+0.0124%1h$185.2M$694.6M100xas long as short
dYdX BTC-USD+0.014%0.0000%1h$16.4M$13.0M50xas long as short
BloFin BTC-USDT+0.014%+0.0220%8h$418.6M$401.7M150xas long as short
Pacifica BTC+0.016%+0.0100%1h$36.4M$289.3M50xas long as short
GMX BTC/USD [WBTC.b-USDC]+0.016%L +0.0190% / S −0.0195%1h$12.8M—200xas long as short
Phemex BTCUSDT+0.019%+0.0043%8h$163.3M$353.0M150xas long as short
Kalshi KXBTCPERP+0.028%0.0000%8h$8.7M$447.6M6.4xas long as short
Nado BTC-PERP+0.029%+0.0074%1h$23.1M$203.8M50xas long as short
Coinbase International BTC-PERP-INTX+0.032%+0.0120%1h$139.5M$5.85B50xas long as short
Vest BTC-PERP+0.050%+0.0100%1h—$12.3M50xas long as short
Hotstuff BTC-PERP+0.055%−0.0080%1h$9K$2K50xas long as short
Perpl BTC+0.056%−0.0447%43m$413K$31.9M6.7xas long as short
Jupiter Perps WBTC-PERP+0.060%L +0.0104% / S +0.0048%1h—$78.9M500xas long as short
Deribit BTC-PERPETUAL+0.073%+0.0348%1h$829.5M$850.6M50xas long as short
StandX BTC-USD+0.077%+0.0100%1h$30.4M$249.1M40xas long as short
Hyperliquid BTC+0.101%+0.0160%1h$3.84B$3.78B40xas long as short
Hibachi BTC/USDT-P+0.107%+0.0232%1h$604K$7.5M30xas long as short
ApeX Omni BTCUSDT+0.122%−0.0191%1h$137.2M$313.8M100xas long as short
Variational Omni BTC+0.122%+0.0100%8h$171.5M$441.5M—as long as short
Aftermath Perps BTCUSD+0.126%0.0000%1h$83K$136K20xas long as short
edgeX BTCUSDC+0.126%−0.0103%4h$283.3M$734.1M100xas long as short
Bulk BTC-USD+0.138%+0.0100%1h$531.7M$81.4M40xas long as short
Phoenix BTC+0.231%+0.0126%1h$1.5M$10.3M40xas long as short
Injective BTC/USDC PERP+0.395%−0.0036%1h$322K$27.0M52xas long as short