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−$25
spread now−0.043%7d average+0.003%fees + slippage, in and out−$20spread needed0.200%
Long on PhemexShort on Aster
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhemex BTCUSDT85,9600.0015pay 0.0015% / 8h5h 34m$150.9M$423.5M150x
ShortAster BTCUSDT85,922.70.0019get 0.0019% / 8h5h 34m$505.2M$1.10B200x

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
−$4.34
Funding while held
$0.13
Slippage, 4 orders
−$0.02
Fee Phemex: 6 bp × 2 orders
−$12
Fee Aster: 4 bp × 2 orders
−$8
Net
−$24.23
Spread needed to break even
0.200%
Slippage from Phemex: live order book, 6 min ago; Aster: live order book, 6 min ago.

Cost of waiting

funding view
Funding /8h
+0.0004%
Per $10,000 a day
+$0.13
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 Phemex live order book, 6 min ago0.01 bp6.0 bp −$66.0 bp −$607.1 bp −$711doesn't fit
Sell Aster live order book, 6 min ago0.01 bp4.0 bp −$44.0 bp −$405.4 bp −$5358.2 bp −$4,082

BTC price on every exchange

against the cheapest. Click to use as the short leg.
Binance85,888.9cheapestExtended85,890.1+0.001%Bitget85,890.2+0.002%BingX85,894.5+0.007%Gate85,901.4+0.014%Bybit85,902.2+0.015%MEXC85,907.4+0.022%OKX85,907.8+0.022%KuCoin85,909.7+0.024%
Aster85,922.7+0.039%
HTX85,932.9+0.051%Backpack85,947.1+0.068%Lighter85,957.8+0.080%SoDEX85,959+0.082%Nado85,959.6+0.082%Popdex85,960+0.083%
Phemex85,960+0.083%
SunX85,961+0.084%Lighter RH85,963.6+0.087%Arcus85,964.1+0.088%Ondo Perps85,966+0.090%Katana Perps85,967+0.091%Reya85,967.7+0.092%Bullet85,969+0.093%BloFin85,971+0.096%Aevo85,974.8+0.100%Derive85,977.5+0.103%Polymarket Perps85,979+0.105%Pacifica85,982.5+0.109%Perpl85,985+0.112%Kraken Futures85,985.6+0.113%01 Exchange85,988+0.115%Variational Omni85,993.9+0.122%Orderly85,994.2+0.123%RISEx85,994.3+0.123%Hotstuff85,996+0.125%GMX86,001.3+0.131%gTrade (Gains Network)86,003+0.133%Paradex86,003.4+0.133%Aftermath Perps86,005.7+0.136%StandX86,007.1+0.138%edgeX86,008.1+0.139%ApeX Omni86,009.6+0.141%Bulk86,010.7+0.142%Bluefin86,011.1+0.142%Jupiter Perps86,015.8+0.148%Hibachi86,018.2+0.151%Kalshi86,019+0.151%Hyperliquid86,021+0.154%Coinbase International86,023.9+0.157%Vest86,024.3+0.158%Phoenix86,028+0.162%Deribit86,043.2+0.180%dYdX86,045.4+0.182%Injective86,066+0.206%

BTC on 55 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Binance BTCUSDT−0.083%+0.0032%8h$9.48B$22.08B150xas long as short
Extended BTC-USD−0.081%+0.0080%1h$48.4M$199.9M50xas long as short
Bitget BTCUSDT−0.081%+0.0002%8h$2.96B$4.68B150xas long as short
BingX BTC-USDT−0.076%+0.0001%8h—$1.37B—as long as short
Gate BTC_USDT−0.068%+0.0033%8h$6.06B$9.62B200xas long as short
Bybit BTCUSDT−0.067%+0.0034%8h$5.28B$8.67B150xas long as short
MEXC BTC_USDT−0.061%+0.0031%8h$5.16B$5.11B500xas long as short
OKX BTC-USDT-SWAP−0.061%+0.0028%8h$2.67B$11.59B100xas long as short
KuCoin XBTUSDTM−0.059%−0.0006%8h$806.0M$619.4M125xas long as short
Aster BTCUSDTshort−0.043%+0.0019%8h$505.2M$1.10B200x
Show all 55 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
HTX BTC-USDT−0.032%+0.0069%8h$2.29B$847.1M200xas long as short
Backpack BTC_USDC_PERP−0.015%+0.0100%1h$37.6M$135.4M75xas long as short
Lighter BTC−0.003%+0.0096%1h$172.3M$948.7M50xas long as short
SoDEX BTC-USD−0.001%+0.0001%1h$60.9M$285.1M40xas long as short
Nado BTC-PERP−0.001%+0.0100%1h$23.0M$226.8M50xas long as short
Popdex BTCUSDT0.000%+0.0056%1h$8.5M$46.3M100xas long as short
Phemex BTCUSDTlong0.000%+0.0015%8h$150.9M$423.5M150x
SunX BTC-USDT+0.001%+0.0100%8h$3.4M$5.8M100xas long as short
Lighter RH BTC+0.004%+0.0096%1h$24.4M$137.8M50xas long as short
Arcus BTC-USD+0.005%−0.0299%1h$6.7M$86.1M40xas long as short
Ondo Perps BTC-USD.P+0.007%+0.0100%1h$4.0M$17.3M25xas long as short
Katana Perps BTC-USD+0.008%+0.0100%8h$201K$5.8M50xas long as short
Reya BTCRUSDPERP+0.009%−0.0017%1h$6.8M$138.4M40xas long as short
Bullet BTC-USD+0.010%+0.0100%1h$234K$3.3M20xas long as short
BloFin BTC-USDT+0.013%−0.0088%8h$422.3M$568.1M150xas long as short
Aevo BTC-PERP+0.017%+0.0032%1h$2.4M$1.3M20xas long as short
Derive BTC-PERP+0.020%+0.0100%1h$30.4M$58.9M15xas long as short
Polymarket Perps BTC-USD+0.022%+0.0100%1h$11.0M$12.1M50xas long as short
Pacifica BTC+0.026%+0.0100%1h$36.8M$416.1M50xas long as short
Perpl BTC+0.029%−0.0447%43m$404K$26.2M6.7xas long as short
Kraken Futures PF_XBTUSD+0.030%−0.0019%1h$188.6M$816.6M100xas long as short
01 Exchange BTCUSD+0.033%−0.0048%1h$310K$2.4M50xas long as short
Variational Omni BTC+0.039%+0.0075%8h$171.2M$505.6M—as long as short
Orderly PERP_BTC_USDC+0.040%+0.0098%8h$2.4M$7.4M100xas long as short
RISEx BTC/USDC+0.040%+0.0031%1h$9.1M$38.7M25xas long as short
Hotstuff BTC-PERP+0.042%−0.0080%1h$9K$4K50xas long as short
GMX BTC/USD [WBTC.b-USDC]+0.048%L +0.0172% / S −0.0153%1h$12.7M—200xas long as short
gTrade (Gains Network) BTC/USD+0.050%L +0.0005% / S −0.0004%1h$36.8M—200xas long as short
Paradex BTC-USD-PERP+0.050%+0.0098%8h$4.4M$6.9M50xas long as short
Aftermath Perps BTCUSD+0.053%+0.0013%1h$87K$155K20xas long as short
StandX BTC-USD+0.055%+0.0100%1h$30.7M$214.9M40xas long as short
edgeX BTCUSDC+0.056%+0.0100%4h$281.1M$883.1M100xas long as short
ApeX Omni BTCUSDT+0.058%+0.0051%1h$140.3M$320.2M100xas long as short
Bulk BTC-USD+0.059%+0.0008%1h$563.6M$127.9M40xas long as short
Bluefin BTC-PERP+0.059%+0.0100%1h$144K$411K40xas long as short
Jupiter Perps WBTC-PERP+0.065%L +0.0104% / S +0.0048%1h—$83.9M500xas long as short
Hibachi BTC/USDT-P+0.068%+0.0096%1h$755K$6.5M30xas long as short
Kalshi KXBTCPERP+0.069%0.0000%8h$11.8M$654.1M6.4xas long as short
Hyperliquid BTC+0.071%+0.0186%1h$3.96B$4.49B40xas long as short
Coinbase International BTC-PERP-INTX+0.074%+0.0200%1h$129.3M$5.84B50xas long as short
Vest BTC-PERP+0.075%+0.0100%1h—$11.5M50xas long as short
Phoenix BTC+0.079%−0.0082%1h$1.9M$11.0M40xas long as short
Deribit BTC-PERPETUAL+0.097%+0.0229%1h$915.7M$1.11B50xas long as short
dYdX BTC-USD+0.099%−0.0001%1h$17.2M$18.1M50xas long as short
Injective BTC/USDC PERP+0.123%−0.0006%1h$309K$27.0M52xas long as short