data as of
Settings8H · net · $10k
FundingCostsSizeExchangesMy alerts
Price arb /

BTC

all BTC markets
SwapFunding view
Alert
My alerts

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−$23
spread now−0.023%7d average+0.004%fees + slippage, in and out−$20spread needed0.201%
Long on SoDEXShort on Phemex
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSoDEX BTC-USD85,7270.0030pay 0.0004% / 1h34m 43s$61.4M$234.6M40x
ShortPhemex BTCUSDT85,707.7−0.0014pay 0.0014% / 8h1h 34m$158.4M$376.1M150x

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
−$2.25
Funding while held
−$1.32
Slippage, 4 orders
−$0.13
Fee SoDEX: 4 bp × 2 orders
−$8
Fee Phemex: 6 bp × 2 orders
−$12
Net
−$23.7
Spread needed to break even
0.201%
Slippage from SoDEX: live order book, 1 min ago; Phemex: live order book, 6 min ago.

Cost of waiting

funding view
Funding /8h
−0.0044%
Per $10,000 a day
−$1.32
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 SoDEX live order book, 1 min ago0.06 bp4.1 bp −$44.1 bp −$415.1 bp −$51241.0 bp −$20.5K
Sell Phemex live order book, 6 min ago0.01 bp6.0 bp −$66.0 bp −$606.6 bp −$656doesn't fit

BTC price on every exchange

against the cheapest. Click to use as the short leg.
edgeX85,369.2cheapestApeX Omni85,394.5+0.030%Injective85,406+0.043%Aftermath Perps85,452.9+0.098%Variational Omni85,554.8+0.217%Phoenix85,564+0.228%Bulk85,570.3+0.236%Extended85,622.7+0.297%MEXC85,635.9+0.312%StandX85,640.5+0.318%BingX85,642.9+0.321%OKX85,648.5+0.327%01 Exchange85,656.7+0.337%Gate85,657.1+0.337%KuCoin85,657.2+0.337%Katana Perps85,659+0.340%Binance85,661.8+0.343%Bybit85,664.9+0.346%Hibachi85,666.6+0.348%Bitget85,674.3+0.357%Lighter85,679.3+0.363%Lighter RH85,685.7+0.371%Reya85,688.6+0.374%Hotstuff85,689+0.375%dYdX85,689.1+0.375%Popdex85,690+0.376%Backpack85,693.4+0.380%Perpl85,694.5+0.381%Nado85,701.3+0.389%Arcus85,703+0.391%Aevo85,704.1+0.392%BloFin85,706+0.395%Polymarket Perps85,707+0.396%
Phemex85,707.7+0.397%
Aster85,709.3+0.398%Derive85,711.1+0.401%Pacifica85,712.6+0.402%Paradex85,712.9+0.403%HTX85,713+0.403%Orderly85,713.9+0.404%RISEx85,724.5+0.416%Bullet85,726.8+0.419%SunX85,727+0.419%
SoDEX85,727+0.419%
Vest85,728.8+0.421%Kalshi85,733+0.426%Kraken Futures85,734+0.427%Ondo Perps85,734+0.427%GMX85,738.2+0.432%gTrade (Gains Network)85,743.2+0.438%Coinbase International85,744.1+0.439%Jupiter Perps85,744.7+0.440%Bluefin85,747.5+0.443%Hyperliquid85,755.5+0.453%Deribit85,797.6+0.502%

BTC on 55 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
edgeX BTCUSDC−0.417%−0.0113%4h$284.2M$803.0M100xas long as short
ApeX Omni BTCUSDT−0.388%−0.0103%1h$138.3M$316.8M100xas long as short
Injective BTC/USDC PERP−0.374%+0.0180%1h$306K$27.0M52xas long as short
Aftermath Perps BTCUSD−0.320%−0.0069%1h$85K$142K20xas long as short
Variational Omni BTC−0.201%+0.0100%8h$173.7M$466.2M—as long as short
Phoenix BTC−0.190%+0.0015%1h$1.6M$10.8M40xas long as short
Bulk BTC-USD−0.183%+0.0100%1h$535.4M$59.7M40xas long as short
Extended BTC-USD−0.122%+0.0104%1h$47.4M$201.6M50xas long as short
MEXC BTC_USDT−0.106%+0.0090%8h$4.97B$4.71B500xas long as short
StandX BTC-USD−0.101%+0.0100%1h$30.6M$245.4M40xas long as short
Show all 55 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
BingX BTC-USDC−0.098%−0.0010%8h—$14.5M—as long as short
OKX BTC-USDT-SWAP−0.092%+0.0052%8h$2.57B$10.79B100xas long as short
01 Exchange BTCUSD−0.082%−0.0096%1h$280K$2.3M50xas long as short
Gate BTC_USDT−0.082%−0.0016%8h$6.07B$8.61B200xas long as short
KuCoin XBTUSDTM−0.081%+0.0064%8h$805.4M$580.6M125xas long as short
Katana Perps BTC-USD−0.079%+0.0100%8h$197K$5.0M50xas long as short
Binance BTCUSDT−0.076%+0.0091%8h$9.58B$19.81B150xas long as short
Bybit BTCUSDT−0.072%+0.0100%8h$5.09B$7.90B150xas long as short
Hibachi BTC/USDT-P−0.070%+0.0104%1h$603K$7.3M30xas long as short
Bitget BTCUSDT−0.061%−0.0009%8h$2.97B$4.31B150xas long as short
Lighter BTC−0.056%+0.0096%1h$179.7M$866.2M50xas long as short
Lighter RH BTC−0.048%+0.0096%1h$25.5M$132.7M50xas long as short
Reya BTCRUSDPERP−0.045%−0.0032%1h$6.8M$137.3M40xas long as short
Hotstuff BTC-PERP−0.044%−0.0080%1h$8K$3K50xas long as short
dYdX BTC-USD−0.044%0.0000%1h$16.7M$14.7M50xas long as short
Popdex BTCUSDT−0.043%+0.0096%1h$8.4M$41.0M100xas long as short
Backpack BTC_USDC_PERP−0.039%+0.0100%1h$39.4M$100.6M75xas long as short
Perpl BTC−0.038%−0.0447%43m$395K$31.1M6.7xas long as short
Nado BTC-PERP−0.030%+0.0059%1h$24.2M$223.0M50xas long as short
Arcus BTC-USD−0.028%+0.0100%1h$6.1M$77.7M40xas long as short
Aevo BTC-PERP−0.027%+0.0088%1h$2.4M$1.7M20xas long as short
BloFin BTC-USDT−0.024%+0.0211%8h$422.5M$486.2M150xas long as short
Polymarket Perps BTC-USD−0.023%+0.0100%1h$10.8M$10.6M50xas long as short
Phemex BTCUSDTshort−0.023%−0.0014%8h$158.4M$376.1M150x
Aster BTCUSDT−0.021%+0.0041%8h$489.6M$1.03B200xas long as short
Derive BTC-PERP−0.019%+0.0100%1h$28.5M$55.9M15xas long as short
Pacifica BTC−0.017%+0.0100%1h$36.6M$317.3M50xas long as short
Paradex BTC-USD-PERP−0.016%+0.0082%8h$4.3M$6.5M50xas long as short
HTX BTC-USDT−0.016%+0.0038%8h$2.29B$783.7M200xas long as short
Orderly PERP_BTC_USDC−0.015%+0.0100%8h$2.4M$6.8M100xas long as short
RISEx BTC/USDC−0.003%+0.0178%1h$8.6M$36.8M25xas long as short
Bullet BTC-USD0.000%+0.0073%1h$247K$3.3M20xas long as short
SunX BTC-USDT0.000%+0.0100%8h$3.3M$5.4M100xas long as short
SoDEX BTC-USDlong0.000%+0.0030%1h$61.4M$234.6M40x
Vest BTC-PERP+0.002%+0.0100%1h—$13.1M50xas long as short
Kalshi KXBTCPERP+0.007%0.0000%8h$8.6M$506.9M6.4xas long as short
Kraken Futures PF_XBTUSD+0.008%+0.0042%1h$186.9M$756.8M100xas long as short
Ondo Perps BTC-USD.P+0.008%+0.0100%1h$3.9M$15.6M25xas long as short
GMX BTC/USD [WBTC.b-USDC]+0.013%L +0.0198% / S −0.0201%1h$13.2M—200xas long as short
gTrade (Gains Network) BTC/USD+0.019%L +0.0004% / S −0.0004%1h$36.6M—200xas long as short
Coinbase International BTC-PERP-INTX+0.020%+0.0112%1h$143.4M$6.17B50xas long as short
Jupiter Perps WBTC-PERP+0.021%L +0.0104% / S +0.0048%1h—$86.4M500xas long as short
Bluefin BTC-PERP+0.024%−0.0765%1h$142K$400K40xas long as short
Hyperliquid BTC+0.033%+0.0133%1h$3.86B$4.10B40xas long as short
Deribit BTC-PERPETUAL+0.082%+0.0393%1h$851.0M$943.4M50xas long as short