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−$31
spread now−0.076%7d average+0.011%fees + slippage, in and out−$22spread needed0.218%
Long on StandXShort on Phemex
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongStandX BTC-USD85,0350.0099pay 0.0012% / 1h31m 55s$30.3M$249.1M40x
ShortPhemex BTCUSDT84,9700.0039get 0.0039% / 8h2h 31m$162.7M$353.5M150x

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
−$7.65
Funding while held
−$1.78
Slippage, 4 orders
−$1.77
Fee StandX: 4 bp × 2 orders
−$8
Fee Phemex: 6 bp × 2 orders
−$12
Net
−$31.19
Spread needed to break even
0.218%
Slippage from StandX: live order book, 4 min ago; Phemex: live order book, 4 min ago.

Cost of waiting

funding view
Funding /8h
−0.0059%
Per $10,000 a day
−$1.78
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 ago0.47 bp5.3 bp −$56.6 bp −$668.6 bp −$8569.9 bp −$4,975
Sell Phemex live order book, 4 min ago0.01 bp6.0 bp −$66.8 bp −$687.8 bp −$777doesn't fit

BTC price on every exchange

against the cheapest. Click to use as the short leg.
Backpack84,946.6cheapestBingX84,958.3+0.014%Aevo84,959.3+0.015%Gate84,959.5+0.015%KuCoin84,962.5+0.019%Lighter84,964+0.020%Orderly84,964.4+0.021%Katana Perps84,965+0.022%SoDEX84,966+0.023%Lighter RH84,966.2+0.023%SunX84,968.1+0.025%Arcus84,968.9+0.026%
Phemex84,970+0.028%
HTX84,973+0.031%Aster84,975.7+0.034%Kraken Futures84,979.4+0.039%Derive84,982+0.042%Binance84,983+0.043%01 Exchange84,989.2+0.050%Nado84,989.4+0.050%Bybit84,990.2+0.051%Ondo Perps84,991+0.052%Bluefin84,991.3+0.053%Reya84,991.8+0.053%Popdex84,992+0.053%Bullet84,994.6+0.057%gTrade (Gains Network)85,000.5+0.063%Polymarket Perps85,001+0.064%BloFin85,001.3+0.064%GMX85,003.2+0.067%RISEx85,005.5+0.069%Paradex85,005.6+0.069%Coinbase International85,006.3+0.070%Perpl85,009.7+0.074%Extended85,012+0.077%Hotstuff85,014+0.079%Pacifica85,015.4+0.081%Kalshi85,017+0.083%dYdX85,022.8+0.090%Bitget85,023.9+0.091%OKX85,025+0.092%Jupiter Perps85,033.2+0.102%
StandX85,035+0.104%
Deribit85,035.2+0.104%MEXC85,038.5+0.108%Hyperliquid85,048+0.119%ApeX Omni85,048.5+0.120%Vest85,052.2+0.124%edgeX85,062.1+0.136%Hibachi85,063.7+0.138%Aftermath Perps85,086.5+0.165%Variational Omni85,119.9+0.204%Bulk85,133.3+0.220%Phoenix85,212+0.312%Injective85,352+0.477%

BTC on 55 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Backpack BTC_USDC_PERP−0.104%+0.0044%1h$39.8M$102.5M75xas long as short
BingX BTC-USDT−0.090%−0.0015%8h—$1.17B—as long as short
Aevo BTC-PERP−0.089%+0.0096%1h$2.4M$1.7M20xas long as short
Gate BTC_USDT−0.089%−0.0053%8h$6.02B$7.82B200xas long as short
KuCoin XBTUSDTM−0.085%+0.0078%8h$804.4M$545.5M125xas long as short
Lighter BTC−0.084%+0.0096%1h$188.4M$774.1M50xas long as short
Orderly PERP_BTC_USDC−0.083%+0.0100%8h$2.3M$6.4M100xas long as short
Katana Perps BTC-USD−0.082%+0.0100%8h$225K$4.5M50xas long as short
SoDEX BTC-USD−0.081%+0.0002%1h$60.9M$233.4M40xas long as short
Lighter RH BTC−0.081%+0.0096%1h$24.9M$122.0M50xas long as short
Show all 55 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
SunX BTC-USDT−0.079%+0.0100%8h$3.3M$5.0M100xas long as short
Arcus BTC-USD−0.078%+0.0100%1h$6.7M$72.6M40xas long as short
Phemex BTCUSDTshort−0.076%+0.0039%8h$162.7M$353.5M150x
HTX BTC-USDT−0.073%−0.0004%8h$2.28B$727.5M200xas long as short
Aster BTCUSDT−0.070%+0.0051%8h$489.2M$867.9M200xas long as short
Kraken Futures PF_XBTUSD−0.065%+0.0124%1h$184.9M$696.4M100xas long as short
Derive BTC-PERP−0.062%+0.0100%1h$26.0M$49.8M15xas long as short
Binance BTCUSDT−0.061%+0.0100%8h$9.49B$17.84B150xas long as short
01 Exchange BTCUSD−0.054%−0.0032%1h$314K$2.1M50xas long as short
Nado BTC-PERP−0.054%+0.0075%1h$22.8M$204.2M50xas long as short
Bybit BTCUSDT−0.053%+0.0100%8h$5.04B$7.15B150xas long as short
Ondo Perps BTC-USD.P−0.052%+0.0100%1h$3.9M$14.8M25xas long as short
Bluefin BTC-PERP−0.051%+0.0100%1h$142K$355K40xas long as short
Reya BTCRUSDPERP−0.051%−0.0047%1h$6.7M$129.0M40xas long as short
Popdex BTCUSDT−0.051%+0.0056%1h$8.4M$36.5M100xas long as short
Bullet BTC-USD−0.047%+0.0082%1h$227K$3.3M20xas long as short
gTrade (Gains Network) BTC/USD−0.041%L +0.0004% / S −0.0004%1h$36.4M—200xas long as short
Polymarket Perps BTC-USD−0.040%+0.0100%1h$10.7M$9.7M50xas long as short
BloFin BTC-USDT−0.040%+0.0225%8h$419.2M$403.1M150xas long as short
GMX BTC/USD [WBTC.b-USDC]−0.037%L +0.0190% / S −0.0196%1h$12.8M—200xas long as short
RISEx BTC/USDC−0.035%+0.0090%1h$7.8M$35.1M25xas long as short
Paradex BTC-USD-PERP−0.035%+0.0097%8h$4.3M$6.5M50xas long as short
Coinbase International BTC-PERP-INTX−0.034%+0.0120%1h$139.5M$5.86B50xas long as short
Perpl BTC−0.030%−0.0447%43m$407K$31.8M6.7xas long as short
Extended BTC-USD−0.027%+0.0104%1h$46.9M$173.1M50xas long as short
Hotstuff BTC-PERP−0.025%−0.0080%1h$9K$2K50xas long as short
Pacifica BTC−0.023%+0.0100%1h$36.4M$289.3M50xas long as short
Kalshi KXBTCPERP−0.021%0.0000%8h$8.6M$448.7M6.4xas long as short
dYdX BTC-USD−0.014%0.0000%1h$16.1M$13.4M50xas long as short
Bitget BTCUSDT−0.013%−0.0015%8h$2.92B$3.96B150xas long as short
OKX BTC-USDT-SWAP−0.012%+0.0072%8h$2.55B$9.89B100xas long as short
Jupiter Perps WBTC-PERP−0.002%L +0.0104% / S +0.0048%1h—$79.3M500xas long as short
StandX BTC-USDlong0.000%+0.0099%1h$30.3M$249.1M40x
Deribit BTC-PERPETUAL0.000%+0.0297%1h$829.3M$851.0M50xas long as short
MEXC BTC_USDT+0.004%+0.0100%8h$5.08B$4.32B500xas long as short
Hyperliquid BTC+0.015%+0.0153%1h$3.83B$3.79B40xas long as short
ApeX Omni BTCUSDT+0.016%−0.0209%1h$137.1M$313.9M100xas long as short
Vest BTC-PERP+0.020%+0.0100%1h—$12.5M50xas long as short
edgeX BTCUSDC+0.032%−0.0111%4h$283.1M$734.9M100xas long as short
Hibachi BTC/USDT-P+0.034%+0.0240%1h$652K$7.5M30xas long as short
Aftermath Perps BTCUSD+0.061%−0.0005%1h$83K$136K20xas long as short
Variational Omni BTC+0.100%+0.0100%8h$171.5M$441.5M—as long as short
Bulk BTC-USD+0.116%+0.0100%1h$531.7M$81.4M40xas long as short
Phoenix BTC+0.208%+0.0126%1h$1.5M$10.3M40xas long as short
Injective BTC/USDC PERP+0.373%−0.0036%1h$322K$27.0M52xas long as short