data as of
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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)+0.164%
7d average+0.008%if it closes, per $10,000$16funding while held, a day−$3.00
Long on Variational OmniShort on dYdX
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni BTC85,554.80.0100pay 0.0100% / 8h1h 33m$173.7M$466.2M—
ShortdYdX BTC-USD85,695.20get 0.0000% / 1h33m 28s$16.7M$14.7M50x

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
$16.41
Funding while held
−$3
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee dYdX: 5 bp × 2 orders
−$10
Net
$3.41
Spread needed to break even
0.100%
Slippage unknown: Variational Omni: RFQ quote, 2 min ago; dYdX: live order book, 2 min ago. Net counts fees only.

Cost of waiting

funding view
Funding /8h
−0.0100%
Per $10,000 a day
−$3.00
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, 2 min ago0.56 bpdoesn't fit0.6 bp −$63.0 bp −$297doesn't fit
Sell dYdX live order book, 2 min ago0.76 bp11.4 bp −$1116.5 bp −$16517.0 bp −$1,70227.0 bp −$13.5K

BTC price on every exchange

against the cheapest. Click to use as the short leg.
Injective85,406cheapestAftermath Perps85,528.4+0.143%
Variational Omni85,554.8+0.174%
Phoenix85,564+0.185%Bulk85,570.3+0.192%BingX85,622.8+0.254%SoDEX85,628+0.260%Bybit85,628.6+0.261%HTX85,632.2+0.265%Phemex85,635+0.268%Aevo85,637+0.270%Bullet85,638.3+0.272%MEXC85,638.3+0.272%Backpack85,640.6+0.275%Orderly85,641.7+0.276%Binance85,642+0.276%gTrade (Gains Network)85,642.6+0.277%SunX85,644.6+0.279%Derive85,645.5+0.280%Reya85,648.4+0.284%Katana Perps85,649+0.285%Kraken Futures85,650.3+0.286%Arcus85,650.4+0.286%Extended85,650.7+0.286%Perpl85,652.5+0.289%01 Exchange85,654+0.290%OKX85,656.4+0.293%edgeX85,658.5+0.296%Ondo Perps85,659+0.296%RISEx85,661.3+0.299%Bitget85,665.6+0.304%Jupiter Perps85,667.6+0.306%KuCoin85,667.9+0.307%Lighter RH85,669.2+0.308%Coinbase International85,669.3+0.308%Nado85,670.3+0.309%Popdex85,672+0.311%Hotstuff85,673+0.313%Polymarket Perps85,678+0.318%Bluefin85,679.1+0.320%Lighter85,679.7+0.320%ApeX Omni85,685.1+0.327%Gate85,686.5+0.328%
dYdX85,695.2+0.339%
GMX85,696.3+0.340%Aster85,703.2+0.348%Pacifica85,706+0.351%BloFin85,706+0.351%StandX85,706.2+0.352%Kalshi85,709+0.355%Vest85,709.6+0.355%Deribit85,716.4+0.363%Paradex85,719.5+0.367%Hibachi85,740.6+0.392%Hyperliquid85,753+0.406%

BTC on 55 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Injective BTC/USDC PERP−0.174%+0.0180%1h$306K$27.0M52xas long as short
Aftermath Perps BTCUSD−0.031%−0.0067%1h$85K$142K20xas long as short
Variational Omni BTClong0.000%+0.0100%8h$173.7M$466.2M—
Phoenix BTC+0.011%+0.0015%1h$1.6M$10.8M40xas long as short
Bulk BTC-USD+0.018%+0.0100%1h$535.4M$59.7M40xas long as short
BingX BTC-USDT+0.079%−0.0010%8h—$1.30B—as long as short
SoDEX BTC-USD+0.086%+0.0028%1h$61.3M$234.7M40xas long as short
Bybit BTCUSDT+0.086%+0.0100%8h$5.09B$7.91B150xas long as short
HTX BTC-USDT+0.090%+0.0038%8h$2.29B$784.3M200xas long as short
Phemex BTCUSDT+0.094%−0.0011%8h$158.2M$376.7M150xas long as short
Show all 55 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Aevo BTC-PERP+0.096%+0.0088%1h$2.4M$1.7M20xas long as short
Bullet BTC-USD+0.098%+0.0071%1h$247K$3.3M20xas long as short
MEXC BTC_USDT+0.098%+0.0091%8h$4.97B$4.73B500xas long as short
Backpack BTC_USDC_PERP+0.100%+0.0100%1h$39.4M$100.5M75xas long as short
Orderly PERP_BTC_USDC+0.102%+0.0100%8h$2.4M$6.8M100xas long as short
Binance BTCUSDT+0.102%+0.0090%8h$9.58B$19.84B150xas long as short
gTrade (Gains Network) BTC/USD+0.103%L +0.0004% / S −0.0004%1h$36.6M—200xas long as short
SunX BTC-USDT+0.105%+0.0100%8h$3.3M$5.4M100xas long as short
Derive BTC-PERP+0.106%+0.0100%1h$28.5M$55.9M15xas long as short
Reya BTCRUSDPERP+0.109%−0.0032%1h$6.8M$137.1M40xas long as short
Katana Perps BTC-USD+0.110%+0.0100%8h$197K$5.0M50xas long as short
Kraken Futures PF_XBTUSD+0.112%+0.0042%1h$186.7M$757.6M100xas long as short
Arcus BTC-USD+0.112%+0.0100%1h$6.1M$77.8M40xas long as short
Extended BTC-USD+0.112%+0.0104%1h$47.4M$201.7M50xas long as short
Perpl BTC+0.114%−0.0447%43m$398K$31.0M6.7xas long as short
01 Exchange BTCUSD+0.116%−0.0096%1h$281K$2.3M50xas long as short
OKX BTC-USDT-SWAP+0.119%+0.0051%8h$2.58B$10.81B100xas long as short
edgeX BTCUSDC+0.121%−0.0095%4h$285.1M$806.4M100xas long as short
Ondo Perps BTC-USD.P+0.122%+0.0100%1h$3.9M$15.6M25xas long as short
RISEx BTC/USDC+0.125%+0.0178%1h$8.6M$36.8M25xas long as short
Bitget BTCUSDT+0.130%−0.0009%8h$2.97B$4.32B150xas long as short
Jupiter Perps WBTC-PERP+0.132%L +0.0104% / S +0.0048%1h—$86.4M500xas long as short
KuCoin XBTUSDTM+0.132%+0.0064%8h$805.4M$581.2M125xas long as short
Lighter RH BTC+0.134%+0.0096%1h$25.5M$132.9M50xas long as short
Coinbase International BTC-PERP-INTX+0.134%+0.0112%1h$143.2M$6.16B50xas long as short
Nado BTC-PERP+0.135%+0.0062%1h$24.3M$223.1M50xas long as short
Popdex BTCUSDT+0.137%+0.0096%1h$8.4M$41.1M100xas long as short
Hotstuff BTC-PERP+0.138%−0.0080%1h$8K$3K50xas long as short
Polymarket Perps BTC-USD+0.144%+0.0100%1h$10.8M$10.7M50xas long as short
Bluefin BTC-PERP+0.145%−0.0714%1h$143K$401K40xas long as short
Lighter BTC+0.146%+0.0096%1h$179.8M$867.0M50xas long as short
ApeX Omni BTCUSDT+0.152%−0.0056%1h$138.5M$316.6M100xas long as short
Gate BTC_USDT+0.154%−0.0012%8h$6.08B$8.64B200xas long as short
dYdX BTC-USDshort+0.164%0.0000%1h$16.7M$14.7M50x
GMX BTC/USD [WBTC.b-USDC]+0.165%L +0.0198% / S −0.0201%1h$13.2M—200xas long as short
Aster BTCUSDT+0.173%+0.0041%8h$489.6M$1.03B200xas long as short
Pacifica BTC+0.177%+0.0100%1h$36.6M$317.3M50xas long as short
BloFin BTC-USDT+0.177%+0.0211%8h$422.5M$486.2M150xas long as short
StandX BTC-USD+0.177%+0.0100%1h$30.6M$245.3M40xas long as short
Kalshi KXBTCPERP+0.180%0.0000%8h$8.8M$508.7M6.4xas long as short
Vest BTC-PERP+0.181%+0.0100%1h—$13.1M50xas long as short
Deribit BTC-PERPETUAL+0.189%+0.0367%1h$854.1M$948.6M50xas long as short
Paradex BTC-USD-PERP+0.193%+0.0082%8h$4.3M$6.5M50xas long as short
Hibachi BTC/USDT-P+0.217%+0.0096%1h$601K$7.2M30xas long as short
Hyperliquid BTC+0.232%+0.0132%1h$3.86B$4.11B40xas long as short