data as of
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Price arb /

BTC

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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.

Spread before costs (cost unknown: a leg has no order-book sample)−0.102%
7d average−0.022%if it closes, per $10,000$10funding while held, a day+$0.55
Long on ParadexShort on Variational Omni
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongParadex BTC-USD-PERP86,189.90.0082pay 0.0082% / 8h48m 05s$4.4M$6.6M50x
ShortVariational Omni BTC86,102.40.0100get 0.0100% / 8h48m 05s$172.0M$502.1M—

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
−$10.16
Funding while held
$0.55
Slippage, 4 orders
no order book: not counted
Fee Paradex: 2 bp × 2 orders
−$4
Fee Variational Omni: 0 bp × 2 orders
$0
Net
−$13.61
Spread needed to break even
0.040%
Slippage unknown: Paradex: live order book, 3 min ago; Variational Omni: RFQ quote, 3 min ago. Net counts fees only.

Cost of waiting

funding view
Funding /8h
+0.0018%
Per $10,000 a day
+$0.55
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, 3 min ago0.75 bp2.7 bp −$32.7 bp −$27doesn't fitdoesn't fit
Sell Variational Omni RFQ quote, 3 min ago0.63 bpdoesn't fit0.7 bp −$71.6 bp −$160doesn't fit

BTC price on every exchange

against the cheapest. Click to use as the short leg.
Bulk85,950.5cheapest
Variational Omni86,102.4+0.177%
Reya86,103.6+0.178%Aftermath Perps86,103.8+0.178%Katana Perps86,118+0.195%OKX86,120.1+0.197%Extended86,120.4+0.198%Bybit86,120.5+0.198%Popdex86,123+0.201%BingX86,123.6+0.201%Binance86,128.9+0.208%Backpack86,129.8+0.209%HTX86,130+0.209%edgeX86,131.3+0.210%dYdX86,131.5+0.211%Aevo86,133.7+0.213%Polymarket Perps86,134+0.214%MEXC86,135.5+0.215%Perpl86,136.7+0.217%SoDEX86,139+0.219%01 Exchange86,140.3+0.221%Nado86,141.1+0.222%Bitget86,144.1+0.225%Gate86,144.1+0.225%Lighter86,145.7+0.227%Orderly86,146.3+0.228%Pacifica86,149+0.231%Hotstuff86,149+0.231%KuCoin86,149.9+0.232%Ondo Perps86,153+0.236%GMX86,155.9+0.239%Phemex86,156+0.239%gTrade (Gains Network)86,156.8+0.240%Aster86,158.3+0.242%SunX86,159.6+0.243%Bullet86,164+0.248%Lighter RH86,168.4+0.254%Arcus86,170+0.255%Bluefin86,174.8+0.261%Kraken Futures86,179+0.266%Jupiter Perps86,183.2+0.271%RISEx86,188.2+0.277%
Paradex86,189.9+0.279%
Kalshi86,196+0.286%Coinbase International86,201+0.291%Deribit86,209.6+0.302%ApeX Omni86,210+0.302%Vest86,222.1+0.316%Derive86,227.5+0.322%Phoenix86,237+0.333%BloFin86,237.6+0.334%Hyperliquid86,243+0.340%StandX86,250+0.348%Hibachi86,302.4+0.409%Injective86,335+0.447%

BTC on 55 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Bulk BTC-USD−0.278%+0.0100%1h$541.8M$78.7M40xas long as short
Variational Omni BTCshort−0.102%+0.0100%8h$172.0M$502.1M—
Reya BTCRUSDPERP−0.100%−0.0024%1h$6.7M$137.5M40xas long as short
Aftermath Perps BTCUSD−0.100%−0.0076%1h$87K$154K20xas long as short
Katana Perps BTC-USD−0.083%+0.0100%8h$189K$5.4M50xas long as short
OKX BTC-USDT-SWAP−0.081%+0.0034%8h$2.62B$11.46B100xas long as short
Extended BTC-USD−0.081%+0.0104%1h$48.3M$207.7M50xas long as short
Bybit BTCUSDT−0.081%+0.0100%8h$5.15B$8.36B150xas long as short
Popdex BTCUSDT−0.078%+0.0096%1h$8.5M$44.6M100xas long as short
BingX BTC-USDC−0.077%−0.0007%8h—$14.7M—as long as short
Show all 55 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Binance BTCUSDT−0.071%+0.0080%8h$9.61B$21.28B150xas long as short
Backpack BTC_USDC_PERP−0.070%+0.0100%1h$39.3M$103.5M75xas long as short
HTX BTC-USDT−0.070%+0.0056%8h$2.30B$820.2M200xas long as short
edgeX BTCUSDC−0.068%−0.0120%4h$278.5M$856.7M100xas long as short
dYdX BTC-USD−0.068%0.0000%1h$16.9M$16.4M50xas long as short
Aevo BTC-PERP−0.065%+0.0080%1h$2.4M$1.6M20xas long as short
Polymarket Perps BTC-USD−0.065%+0.0100%1h$11.0M$11.5M50xas long as short
MEXC BTC_USDT−0.063%+0.0079%8h$5.00B$4.97B500xas long as short
Perpl BTC−0.062%−0.0223%43m$447K$30.1M6.7xas long as short
SoDEX BTC-USD−0.059%+0.0078%1h$61.1M$283.2M40xas long as short
01 Exchange BTCUSD−0.058%−0.0096%1h$282K$2.4M50xas long as short
Nado BTC-PERP−0.057%+0.0100%1h$23.5M$230.0M50xas long as short
Bitget BTCUSDT−0.053%−0.0005%8h$2.96B$4.61B150xas long as short
Gate BTC_USDT−0.053%−0.0009%8h$6.15B$9.19B200xas long as short
Lighter BTC−0.051%+0.0096%1h$172.1M$908.5M50xas long as short
Orderly PERP_BTC_USDC−0.051%+0.0100%8h$2.4M$7.1M100xas long as short
Pacifica BTC−0.047%+0.0100%1h$37.1M$342.8M50xas long as short
Hotstuff BTC-PERP−0.047%−0.0080%1h$9K$3K50xas long as short
KuCoin XBTUSDTM−0.046%+0.0051%8h$792.6M$614.6M125xas long as short
Ondo Perps BTC-USD.P−0.043%+0.0100%1h$3.9M$16.2M25xas long as short
GMX BTC/USD [WBTC.b-USDC]−0.040%L +0.0174% / S −0.0152%1h$12.4M—200xas long as short
Phemex BTCUSDT−0.039%−0.0024%8h$157.8M$394.8M150xas long as short
gTrade (Gains Network) BTC/USD−0.038%L +0.0005% / S −0.0004%1h$36.9M—200xas long as short
Aster BTCUSDT−0.037%+0.0050%8h$489.5M$1.11B200xas long as short
SunX BTC-USDT−0.035%+0.0100%8h$3.3M$5.8M100xas long as short
Bullet BTC-USD−0.030%+0.0100%1h$245K$3.3M20xas long as short
Lighter RH BTC−0.025%+0.0096%1h$25.0M$136.2M50xas long as short
Arcus BTC-USD−0.023%+0.0100%1h$5.5M$81.6M40xas long as short
Bluefin BTC-PERP−0.018%+0.0100%1h$144K$405K40xas long as short
Kraken Futures PF_XBTUSD−0.013%+0.0071%1h$183.7M$802.4M100xas long as short
Jupiter Perps WBTC-PERP−0.008%L +0.0104% / S +0.0048%1h—$87.8M500xas long as short
RISEx BTC/USDC−0.002%+0.0128%1h$8.5M$38.6M25xas long as short
Paradex BTC-USD-PERPlong0.000%+0.0082%8h$4.4M$6.6M50x
Kalshi KXBTCPERP+0.007%+0.0109%8h$10.1M$553.4M6.4xas long as short
Coinbase International BTC-PERP-INTX+0.013%+0.0104%1h$150.7M$6.24B50xas long as short
Deribit BTC-PERPETUAL+0.023%+0.0276%1h$882.2M$1.03B50xas long as short
ApeX Omni BTCUSDT+0.023%+0.0046%1h$139.5M$318.3M100xas long as short
Vest BTC-PERP+0.037%+0.0100%1h—$12.6M50xas long as short
Derive BTC-PERP+0.044%+0.0100%1h$30.3M$58.2M15xas long as short
Phoenix BTC+0.055%−0.0086%1h$2.0M$10.8M40xas long as short
BloFin BTC-USDT+0.055%+0.0037%8h$430.2M$535.2M150xas long as short
Hyperliquid BTC+0.062%+0.0306%1h$3.93B$4.31B40xas long as short
StandX BTC-USD+0.070%+0.0100%1h$30.8M$239.2M40xas long as short
Hibachi BTC/USDT-P+0.131%+0.0144%1h$627K$7.3M30xas long as short
Injective BTC/USDC PERP+0.168%+0.0108%1h$305K$27.0M52xas long as short