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

BTC

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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.

Spread before costs (cost unknown: a leg has no order-book sample)+0.032%
7d average+0.011%if it closes, per $10,000$3funding while held, a day+$0.00
Long on Variational OmniShort on Bulk
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni BTC85,880.80.0100pay 0.0100% / 8h15m 00s$170.9M$510.4M—
ShortBulk BTC-USD85,908.30.0100get 0.0013% / 1h15m 00s$553.6M$134.9M40x

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
$3.2
Funding while held
$0
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee Bulk: 3.5 bp × 2 orders
−$7
Net
−$3.8
Spread needed to break even
0.070%
Slippage unknown: Variational Omni: RFQ quote, 1 min ago; Bulk: live order book, 1 min ago. Net counts fees only.

Cost of waiting

funding view
Funding /8h
0.0000%
Per $10,000 a day
+$0.00
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 Variational Omni RFQ quote, 1 min ago0.50 bpdoesn't fit0.5 bp −$50.8 bp −$76doesn't fit
Sell Bulk live order book, 1 min ago0.01 bp3.5 bp −$43.5 bp −$353.5 bp −$3514.9 bp −$2,426

BTC price on every exchange

against the cheapest. Click to use as the short leg.
Injective85,846cheapestedgeX85,848.1+0.002%StandX85,851.6+0.006%
Variational Omni85,880.8+0.040%
Bulk85,908.3+0.073%
Phoenix85,912+0.077%Hotstuff85,919+0.085%Aftermath Perps85,929+0.097%ApeX Omni85,941.2+0.111%Hibachi85,944.7+0.115%Jupiter Perps85,946.9+0.118%Arcus85,963.9+0.137%dYdX85,967.8+0.142%Pacifica85,970.3+0.145%Nado85,971.5+0.146%Perpl85,985+0.162%Paradex85,986.6+0.164%Ondo Perps85,990+0.168%Phemex85,995.8+0.174%Katana Perps85,996+0.175%RISEx86,000+0.179%BloFin86,002.8+0.183%Popdex86,003+0.183%SoDEX86,003+0.183%KuCoin86,005+0.185%Aevo86,006+0.186%BingX86,006.1+0.186%Reya86,006.5+0.187%01 Exchange86,006.7+0.187%Binance86,007.5+0.188%MEXC86,007.7+0.188%Gate86,008.1+0.189%HTX86,008.8+0.190%Aster86,009.6+0.191%SunX86,010.7+0.192%Bybit86,015.2+0.197%Backpack86,017.3+0.200%Bullet86,019.2+0.202%Orderly86,021.2+0.204%Polymarket Perps86,022+0.205%Lighter RH86,023.4+0.207%Lighter86,024.5+0.208%OKX86,027.4+0.211%Vest86,033.5+0.218%Extended86,034.6+0.220%Bitget86,041+0.227%Kraken Futures86,041+0.227%Kalshi86,042+0.228%Derive86,043.5+0.230%GMX86,056.3+0.245%Bluefin86,058.4+0.247%gTrade (Gains Network)86,061.2+0.251%Coinbase International86,068.1+0.259%Deribit86,090.5+0.285%Hyperliquid86,100+0.296%

BTC on 55 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Injective BTC/USDC PERP−0.040%+0.0108%1h$307K$27.0M52xas long as short
edgeX BTCUSDC−0.038%+0.0100%4h$278.1M$879.6M100xas long as short
StandX BTC-USD−0.034%+0.0100%1h$30.6M$230.6M40xas long as short
Variational Omni BTClong0.000%+0.0100%8h$170.9M$510.4M—
Bulk BTC-USDshort+0.032%+0.0100%1h$553.6M$134.9M40x
Phoenix BTC+0.036%−0.0086%1h$1.8M$10.8M40xas long as short
Hotstuff BTC-PERP+0.045%−0.0080%1h$9K$4K50xas long as short
Aftermath Perps BTCUSD+0.056%−0.0012%1h$86K$154K20xas long as short
ApeX Omni BTCUSDT+0.070%−0.0122%1h$139.2M$318.6M100xas long as short
Hibachi BTC/USDT-P+0.074%+0.0256%1h$697K$7.4M30xas long as short
Show all 55 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Jupiter Perps WBTC-PERP+0.077%L +0.0104% / S +0.0048%1h—$89.3M500xas long as short
Arcus BTC-USD+0.097%+0.0100%1h$5.8M$84.7M40xas long as short
dYdX BTC-USD+0.101%0.0000%1h$17.3M$17.5M50xas long as short
Pacifica BTC+0.104%+0.0100%1h$37.0M$351.8M50xas long as short
Nado BTC-PERP+0.106%+0.0100%1h$23.6M$229.5M50xas long as short
Perpl BTC+0.121%−0.0112%43m$422K$29.7M6.7xas long as short
Paradex BTC-USD-PERP+0.123%+0.0090%8h$4.4M$6.7M50xas long as short
Ondo Perps BTC-USD.P+0.127%+0.0100%1h$3.9M$16.3M25xas long as short
Phemex BTCUSDT+0.134%−0.0021%8h$153.0M$406.4M150xas long as short
Katana Perps BTC-USD+0.134%+0.0100%8h$190K$5.5M50xas long as short
RISEx BTC/USDC+0.139%+0.0128%1h$8.7M$38.7M25xas long as short
BloFin BTC-USDT+0.142%−0.0071%8h$431.3M$564.7M150xas long as short
Popdex BTCUSDT+0.142%+0.0088%1h$8.5M$45.6M100xas long as short
SoDEX BTC-USD+0.142%−0.0005%1h$61.0M$283.6M40xas long as short
KuCoin XBTUSDTM+0.145%+0.0031%8h$790.9M$616.1M125xas long as short
Aevo BTC-PERP+0.146%+0.0064%1h$2.4M$1.6M20xas long as short
BingX BTC-USDC+0.146%−0.0005%8h—$14.9M—as long as short
Reya BTCRUSDPERP+0.146%−0.0021%1h$6.7M$137.8M40xas long as short
01 Exchange BTCUSD+0.147%−0.0056%1h$288K$2.4M50xas long as short
Binance BTCUSDT+0.148%+0.0064%8h$9.55B$21.79B150xas long as short
MEXC BTC_USDT+0.148%+0.0064%8h$5.08B$5.17B500xas long as short
Gate BTC_USDT+0.148%−0.0020%8h$6.13B$9.51B200xas long as short
HTX BTC-USDT+0.149%+0.0068%8h$2.29B$847.7M200xas long as short
Aster BTCUSDT+0.150%+0.0041%8h$487.4M$1.12B200xas long as short
SunX BTC-USDT+0.151%+0.0100%8h$3.3M$6.1M100xas long as short
Bybit BTCUSDT+0.157%+0.0093%8h$5.21B$8.53B150xas long as short
Backpack BTC_USDC_PERP+0.159%+0.0100%1h$38.9M$108.2M75xas long as short
Bullet BTC-USD+0.161%+0.0100%1h$242K$3.3M20xas long as short
Orderly PERP_BTC_USDC+0.164%+0.0100%8h$2.4M$7.2M100xas long as short
Polymarket Perps BTC-USD+0.164%+0.0100%1h$11.0M$11.7M50xas long as short
Lighter RH BTC+0.166%+0.0096%1h$24.8M$140.4M50xas long as short
Lighter BTC+0.167%+0.0096%1h$171.7M$935.9M50xas long as short
OKX BTC-USDT-SWAP+0.171%+0.0025%8h$2.66B$11.67B100xas long as short
Vest BTC-PERP+0.178%+0.0100%1h—$12.3M50xas long as short
Extended BTC-USD+0.179%+0.0104%1h$48.7M$209.5M50xas long as short
Bitget BTCUSDT+0.187%−0.0004%8h$2.97B$4.69B150xas long as short
Kraken Futures PF_XBTUSD+0.187%+0.0071%1h$185.9M$819.8M100xas long as short
Kalshi KXBTCPERP+0.188%0.0000%8h$12.2M$577.3M6.4xas long as short
Derive BTC-PERP+0.190%+0.0100%1h$30.2M$59.2M15xas long as short
GMX BTC/USD [WBTC.b-USDC]+0.204%L +0.0198% / S −0.0175%1h$12.6M—200xas long as short
Bluefin BTC-PERP+0.207%−0.0246%1h$143K$407K40xas long as short
gTrade (Gains Network) BTC/USD+0.210%L +0.0005% / S −0.0004%1h$36.8M—200xas long as short
Coinbase International BTC-PERP-INTX+0.218%+0.0104%1h$151.3M$6.24B50xas long as short
Deribit BTC-PERPETUAL+0.244%+0.0263%1h$906.8M$1.10B50xas long as short
Hyperliquid BTC+0.255%+0.0246%1h$3.91B$4.48B40xas long as short