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−$10
spread now+0.048%7d average+0.027%fees + slippage, in and out−$12spread needed0.123%
Long on SunXShort on Lighter
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX BTC-USDT85,958.20.0100pay 0.0100% / 8h53m 22s$3.3M$5.6M100x
ShortLighter BTC85,999.30.0096get 0.0012% / 1h53m 22s$179.0M$886.9M50x

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
$4.78
Funding while held
−$0.12
Slippage, 4 orders
−$2.34
Fee SunX: 5 bp × 2 orders
−$10
Fee Lighter: 0 bp × 2 orders
$0
Net
−$7.67
Spread needed to break even
0.123%
Slippage from SunX: live order book, 12 min ago; Lighter: live order book, 7 min ago.

Cost of waiting

funding view
Funding /8h
−0.0004%
Per $10,000 a day
−$0.12
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 SunX live order book, 12 min ago0.40 bp5.5 bp −$66.6 bp −$669.2 bp −$91711.6 bp −$5,805
Sell Lighter live order book, 7 min ago0.01 bp0.7 bp −$11.2 bp −$122.6 bp −$2584.9 bp −$2,439

BTC price on every exchange

against the cheapest. Click to use as the short leg.
Injective85,839cheapestBloFin85,858.9+0.023%ApeX Omni85,863.3+0.028%edgeX85,899.9+0.071%StandX85,917+0.091%Extended85,937.3+0.115%Reya85,939+0.117%Hotstuff85,940+0.118%OKX85,942.3+0.120%Variational Omni85,942.5+0.121%Gate85,942.6+0.121%Aftermath Perps85,944+0.122%Aevo85,945.4+0.124%Bybit85,945.6+0.124%MEXC85,947.4+0.126%Bulk85,950.5+0.130%Bullet85,952.3+0.132%Binance85,952.4+0.132%BingX85,953.6+0.134%Orderly85,957.4+0.138%Bitget85,957.6+0.138%
SunX85,958.2+0.139%
GMX85,965.8+0.148%Phoenix85,966+0.148%SoDEX85,966+0.148%Arcus85,968.2+0.151%KuCoin85,971.1+0.154%Polymarket Perps85,972+0.155%gTrade (Gains Network)85,977.5+0.161%Bluefin85,979+0.163%Katana Perps85,980+0.164%01 Exchange85,981.3+0.166%Perpl85,982.9+0.168%Ondo Perps85,985+0.170%Aster85,991.4+0.177%Nado85,993.8+0.180%Popdex85,994+0.181%
Lighter85,999.3+0.187%
Backpack86,000+0.188%dYdX86,001.5+0.189%Kraken Futures86,002.4+0.190%Phemex86,003.1+0.191%Lighter RH86,003.4+0.192%Derive86,007.8+0.197%Paradex86,010+0.199%HTX86,012.7+0.202%RISEx86,015.2+0.205%Jupiter Perps86,016.1+0.206%Pacifica86,016.5+0.207%Kalshi86,019+0.210%Vest86,035.9+0.229%Deribit86,038.4+0.232%Coinbase International86,047.8+0.243%Hibachi86,059.4+0.257%Hyperliquid86,067.4+0.266%

BTC on 55 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Injective BTC/USDC PERP−0.139%+0.0108%1h$304K$27.0M52xas long as short
BloFin BTC-USDT−0.116%+0.0183%8h$425.5M$526.5M150xas long as short
ApeX Omni BTCUSDT−0.110%−0.0165%1h$139.6M$317.7M100xas long as short
edgeX BTCUSDC−0.068%−0.0106%4h$278.3M$851.2M100xas long as short
StandX BTC-USD−0.048%+0.0100%1h$30.7M$240.4M40xas long as short
Extended BTC-USD−0.024%+0.0104%1h$48.2M$206.5M50xas long as short
Reya BTCRUSDPERP−0.022%−0.0025%1h$6.7M$137.5M40xas long as short
Hotstuff BTC-PERP−0.021%−0.0080%1h$9K$3K50xas long as short
OKX BTC-USDT-SWAP−0.018%+0.0035%8h$2.61B$11.28B100xas long as short
Variational Omni BTC−0.018%+0.0100%8h$171.7M$501.4M—as long as short
Show all 55 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Gate BTC_USDT−0.018%−0.0008%8h$6.13B$9.04B200xas long as short
Aftermath Perps BTCUSD−0.016%−0.0078%1h$87K$150K20xas long as short
Aevo BTC-PERP−0.015%+0.0080%1h$2.4M$1.6M20xas long as short
Bybit BTCUSDT−0.015%+0.0100%8h$5.15B$8.32B150xas long as short
MEXC BTC_USDT−0.013%+0.0079%8h$5.03B$4.90B500xas long as short
Bulk BTC-USD−0.009%+0.0100%1h$541.8M$78.7M40xas long as short
Bullet BTC-USD−0.007%+0.0100%1h$244K$3.3M20xas long as short
Binance BTCUSDT−0.007%+0.0079%8h$9.58B$20.99B150xas long as short
BingX BTC-USDT−0.005%−0.0008%8h—$1.35B—as long as short
Orderly PERP_BTC_USDC−0.001%+0.0100%8h$2.4M$7.0M100xas long as short
Bitget BTCUSDT−0.001%−0.0007%8h$2.95B$4.54B150xas long as short
SunX BTC-USDTlong0.000%+0.0100%8h$3.3M$5.6M100x
GMX BTC/USD [WBTC.b-USDC]+0.009%L +0.0198% / S −0.0177%1h$12.6M—200xas long as short
Phoenix BTC+0.009%−0.0086%1h$1.6M$10.8M40xas long as short
SoDEX BTC-USD+0.009%+0.0058%1h$61.3M$259.1M40xas long as short
Arcus BTC-USD+0.012%+0.0100%1h$5.4M$81.2M40xas long as short
KuCoin XBTUSDTM+0.015%+0.0051%8h$793.8M$609.2M125xas long as short
Polymarket Perps BTC-USD+0.016%+0.0100%1h$10.9M$11.5M50xas long as short
gTrade (Gains Network) BTC/USD+0.022%L +0.0005% / S −0.0004%1h$36.8M—200xas long as short
Bluefin BTC-PERP+0.024%+0.0100%1h$144K$404K40xas long as short
Katana Perps BTC-USD+0.025%+0.0100%8h$190K$5.3M50xas long as short
01 Exchange BTCUSD+0.027%−0.0120%1h$281K$2.4M50xas long as short
Perpl BTC+0.029%−0.0223%43m$458K$30.1M6.7xas long as short
Ondo Perps BTC-USD.P+0.031%+0.0100%1h$3.9M$16.1M25xas long as short
Aster BTCUSDT+0.039%+0.0046%8h$490.0M$1.10B200xas long as short
Nado BTC-PERP+0.041%+0.0100%1h$23.5M$229.4M50xas long as short
Popdex BTCUSDT+0.042%+0.0096%1h$8.5M$43.7M100xas long as short
Lighter BTCshort+0.048%+0.0096%1h$179.0M$886.9M50x
Backpack BTC_USDC_PERP+0.049%+0.0100%1h$39.2M$102.9M75xas long as short
dYdX BTC-USD+0.050%0.0000%1h$16.7M$16.3M50xas long as short
Kraken Futures PF_XBTUSD+0.051%+0.0071%1h$183.8M$796.6M100xas long as short
Phemex BTCUSDT+0.052%−0.0027%8h$157.8M$390.4M150xas long as short
Lighter RH BTC+0.053%+0.0096%1h$25.3M$134.7M50xas long as short
Derive BTC-PERP+0.058%+0.0100%1h$30.2M$58.4M15xas long as short
Paradex BTC-USD-PERP+0.060%+0.0080%8h$4.4M$6.6M50xas long as short
HTX BTC-USDT+0.063%+0.0053%8h$2.30B$812.5M200xas long as short
RISEx BTC/USDC+0.066%+0.0128%1h$8.7M$38.2M25xas long as short
Jupiter Perps WBTC-PERP+0.067%L +0.0104% / S +0.0048%1h—$87.0M500xas long as short
Pacifica BTC+0.068%+0.0100%1h$36.5M$337.2M50xas long as short
Kalshi KXBTCPERP+0.071%+0.0103%8h$10.3M$548.1M6.4xas long as short
Vest BTC-PERP+0.090%+0.0100%1h—$12.8M50xas long as short
Deribit BTC-PERPETUAL+0.093%+0.0370%1h$880.6M$1.02B50xas long as short
Coinbase International BTC-PERP-INTX+0.104%+0.0104%1h$150.5M$6.24B50xas long as short
Hibachi BTC/USDT-P+0.118%+0.0120%1h$626K$7.3M30xas long as short
Hyperliquid BTC+0.127%+0.0319%1h$3.90B$4.27B40xas long as short