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

BTC

all BTC markets
SwapFunding view
Alert
After costs, if the gap returns to its 7d average, $10k−$19
spread now+0.040%7d average+0.005%fees + slippage, in and out−$23spread needed0.228%
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongStandX BTC-USD85,7180.0074pay 0.0009% / 1h41m 32s$30.6M$229.3M40x
ShortKuCoin XBTUSDTM85,752.40.0014get 0.0014% / 8h7h 41m$791.4M$616.3M125x

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
$4.01
Funding while held
−$1.81
Slippage, 4 orders
−$2.8
Fee StandX: 4 bp × 2 orders
−$8
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$20.6
Spread needed to break even
0.228%
Slippage from StandX: live order book, 4 min ago; KuCoin: live order book, 4 min ago.

Cost of waiting

funding view
Funding /8h
−0.0060%
Per $10,000 a day
$1.81
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 StandX live order book, 4 min ago0.76 bp5.2 bp −$55.9 bp −$597.6 bp −$7579.1 bp −$4,553
Sell KuCoin live order book, 4 min ago0.01 bp6.3 bp −$66.6 bp −$668.5 bp −$851doesn't fit

BTC price on every exchange

against the cheapest. Click to use as the short leg.

BTC on 55 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Bulk BTC-USD−0.055%+0.0040%1h$557.2M$154.9M40xas long as short
Variational Omni BTC−0.032%+0.0088%8h$171.1M$507.1Mas long as short
ApeX Omni BTCUSDT−0.016%−0.0238%1h$139.1M$317.7M100xas long as short
StandX BTC-USDlong0.000%+0.0074%1h$30.6M$229.3M40x
Hibachi BTC/USDT-P+0.022%+0.0184%1h$717K$7.4M30xas long as short
Bitget BTCUSDT+0.033%−0.0004%8h$2.98B$4.70B150xas long as short
OKX BTC-USDT-SWAP+0.033%+0.0020%8h$2.65B$11.64B100xas long as short
Extended BTC-USD+0.034%+0.0080%1h$48.9M$206.8M50xas long as short
Bybit BTCUSDT+0.034%+0.0013%8h$5.22B$8.60B150xas long as short
KuCoin XBTUSDTMshort+0.040%+0.0014%8h$791.4M$616.3M125x
Show all 55 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Gate BTC_USDT+0.042%+0.0031%8h$6.08B$9.39B200xas long as short
BingX BTC-USDT+0.042%−0.0015%8h$1.40Bas long as short
Katana Perps BTC-USD+0.043%+0.0100%8h$194K$5.6M50xas long as short
Binance BTCUSDT+0.044%+0.0047%8h$9.49B$22.07B150xas long as short
MEXC BTC_USDT+0.044%+0.0046%8h$5.10B$5.18B500xas long as short
Popdex BTCUSDT+0.044%+0.0080%1h$8.5M$46.0M100xas long as short
Lighter RH BTC+0.052%+0.0096%1h$24.5M$133.8M50xas long as short
Aster BTCUSDT+0.053%+0.0033%8h$486.2M$1.12B200xas long as short
Lighter BTC+0.054%+0.0096%1h$171.4M$914.8M50xas long as short
Pacifica BTC+0.061%+0.0100%1h$36.9M$364.7M50xas long as short
01 Exchange BTCUSD+0.071%−0.0056%1h$291K$2.4M50xas long as short
Ondo Perps BTC-USD.P+0.081%+0.0100%1h$3.9M$16.2M25xas long as short
Paradex BTC-USD-PERP+0.082%+0.0093%8h$4.4M$6.7M50xas long as short
RISEx BTC/USDC+0.088%+0.0132%1h$8.6M$38.0M25xas long as short
Aftermath Perps BTCUSD+0.101%+0.0026%1h$87K$152K20xas long as short
BloFin BTC-USDT+0.107%−0.0074%8h$424.7M$567.2M150xas long as short
edgeX BTCUSDC+0.122%+0.0100%4h$278.1M$887.3M100xas long as short
Phemex BTCUSDT+0.127%−0.0115%8h$149.6M$411.4M150xas long as short
SoDEX BTC-USD+0.130%−0.0034%1h$60.9M$283.6M40xas long as short
HTX BTC-USDT+0.131%+0.0100%8h$2.29B$843.1M200xas long as short
Derive BTC-PERP+0.133%+0.0100%1h$30.2M$59.4M15xas long as short
Backpack BTC_USDC_PERP+0.135%+0.0100%1h$37.4M$115.2M75xas long as short
Aevo BTC-PERP+0.137%+0.0048%1h$2.4M$1.5M20xas long as short
Hotstuff BTC-PERP+0.142%−0.0080%1h$9K$4K50xas long as short
Hyperliquid BTC+0.153%+0.0134%1h$3.89B$4.46B40xas long as short
Phoenix BTC+0.155%−0.0116%1h$1.8M$11.4M40xas long as short
Injective BTC/USDC PERP+0.161%−0.0137%1h$308K$27.0M52xas long as short
Nado BTC-PERP+0.169%+0.0100%1h$23.3M$228.8M50xas long as short
Arcus BTC-USD+0.173%+0.0100%1h$6.4M$84.2M40xas long as short
Kraken Futures PF_XBTUSD+0.177%−0.0040%1h$188.3M$822.2M100xas long as short
Orderly PERP_BTC_USDC+0.179%+0.0100%8h$2.4M$7.3M100xas long as short
Bullet BTC-USD+0.188%+0.0100%1h$237K$3.3M20xas long as short
Reya BTCRUSDPERP+0.191%−0.0020%1h$6.7M$138.0M40xas long as short
Bluefin BTC-PERP+0.206%−0.8000%1h$143K$408K40xas long as short
Deribit BTC-PERPETUAL+0.214%+0.0084%1h$911.1M$1.12B50xas long as short
SunX BTC-USDT+0.215%+0.0100%8h$3.3M$6.1M100xas long as short
GMX BTC/USD [WBTC.b-USDC]+0.218%L +0.0198% / S −0.0175%1h$12.4M200xas long as short
Perpl BTC+0.219%−0.0335%43m$405K$28.8M6.7xas long as short
gTrade (Gains Network) BTC/USD+0.221%L +0.0005% / S −0.0004%1h$36.8M200xas long as short
Kalshi KXBTCPERP+0.229%+0.0101%8h$13.9M$598.3M6.4xas long as short
dYdX BTC-USD+0.229%0.0000%1h$17.3M$17.5M50xas long as short
Jupiter Perps WBTC-PERP+0.235%L +0.0104% / S +0.0048%1h$89.1M500xas long as short
Vest BTC-PERP+0.244%+0.0100%1h$11.9M50xas long as short
Polymarket Perps BTC-USD+0.249%+0.0100%1h$11.0M$11.6M50xas long as short
Coinbase International BTC-PERP-INTX+0.261%+0.0112%1h$128.8M$6.21B50xas long as short