data as of
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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.

Spread before costs (cost unknown: a leg has no order-book sample)+0.093%
7d average+0.030%if it closes, per $10,000$9funding while held, a day−$3.71
Long on Variational OmniShort on Kraken Futures
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni BTC85,763.50.0083pay 0.0083% / 8h7h 15m$171.9M$506.0M—
ShortKraken Futures PF_XBTUSD85,843−0.0040pay 0.0005% / 1h15m 01s$187.9M$810.7M100x

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
$9.28
Funding while held
−$3.71
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
−$4.44
Spread needed to break even
0.100%
Slippage unknown: Variational Omni: RFQ quote, 1 min ago; Kraken Futures: live order book, 6 min ago. Net counts fees only.

Cost of waiting

funding view
Funding /8h
−0.0124%
Per $10,000 a day
−$3.71
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 ago0.58 bpdoesn't fit0.6 bp −$61.3 bp −$130doesn't fit
Sell Kraken Futures live order book, 6 min ago0.06 bp5.5 bp −$66.4 bp −$646.9 bp −$6948.6 bp −$4,321

BTC price on every exchange

against the cheapest. Click to use as the short leg.
edgeX85,597.3cheapestPhoenix85,649+0.060%ApeX Omni85,688.4+0.106%Bulk85,754.9+0.184%StandX85,762.6+0.193%Hotstuff85,763+0.194%
Variational Omni85,763.5+0.194%
Arcus85,776.1+0.209%Aftermath Perps85,785.1+0.219%Nado85,785.8+0.220%BloFin85,790.7+0.226%SoDEX85,792+0.228%Phemex85,795.7+0.232%KuCoin85,798.8+0.235%HTX85,800.1+0.237%Lighter85,806.6+0.245%Extended85,807.3+0.245%Lighter RH85,808.9+0.247%MEXC85,809.5+0.248%Aevo85,810+0.249%Bullet85,810.3+0.249%Popdex85,814+0.253%Binance85,814.6+0.254%Aster85,814.6+0.254%SunX85,815.5+0.255%Derive85,816+0.256%Reya85,816.9+0.257%Orderly85,820+0.260%Paradex85,820.6+0.261%OKX85,823.4+0.264%Bybit85,823.9+0.265%Katana Perps85,824+0.265%Bitget85,824.7+0.266%Gate85,826.1+0.267%Pacifica85,827+0.268%BingX85,828.8+0.270%Polymarket Perps85,830+0.272%Perpl85,835.7+0.279%Backpack85,837+0.280%
Kraken Futures85,843+0.287%
01 Exchange85,843.4+0.288%Ondo Perps85,851+0.296%Vest85,852.9+0.299%GMX85,853+0.299%Hibachi85,855.4+0.302%dYdX85,856+0.302%Jupiter Perps85,856.7+0.303%RISEx85,859.3+0.306%Kalshi85,860+0.307%gTrade (Gains Network)85,865.1+0.313%Bluefin85,865.1+0.313%Deribit85,875.1+0.325%Coinbase International85,908+0.363%Hyperliquid85,914+0.370%Injective85,925+0.383%

BTC on 55 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
edgeX BTCUSDC−0.194%+0.0100%4h$277.5M$892.7M100xas long as short
Phoenix BTC−0.133%−0.0116%1h$1.9M$11.4M40xas long as short
ApeX Omni BTCUSDT−0.088%−0.0039%1h$138.3M$318.0M100xas long as short
Bulk BTC-USD−0.010%+0.0019%1h$558.8M$146.4M40xas long as short
StandX BTC-USD−0.001%+0.0082%1h$30.6M$229.8M40xas long as short
Hotstuff BTC-PERP−0.001%−0.0080%1h$9K$4K50xas long as short
Variational Omni BTClong0.000%+0.0083%8h$171.9M$506.0M—
Arcus BTC-USD+0.015%+0.0100%1h$6.6M$84.3M40xas long as short
Aftermath Perps BTCUSD+0.025%+0.0072%1h$87K$149K20xas long as short
Nado BTC-PERP+0.026%+0.0100%1h$23.6M$225.7M50xas long as short
Show all 55 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
BloFin BTC-USDT+0.032%−0.0082%8h$425.2M$563.2M150xas long as short
SoDEX BTC-USD+0.033%−0.0033%1h$60.8M$283.9M40xas long as short
Phemex BTCUSDT+0.038%−0.0009%8h$147.7M$413.2M150xas long as short
KuCoin XBTUSDTM+0.041%+0.0006%8h$792.6M$610.9M125xas long as short
HTX BTC-USDT+0.043%+0.0100%8h$2.29B$839.5M200xas long as short
Lighter BTC+0.050%+0.0096%1h$171.8M$935.6M50xas long as short
Extended BTC-USD+0.051%+0.0024%1h$48.7M$202.0M50xas long as short
Lighter RH BTC+0.053%+0.0096%1h$24.7M$136.0M50xas long as short
MEXC BTC_USDT+0.054%+0.0037%8h$5.11B$5.26B500xas long as short
Aevo BTC-PERP+0.054%+0.0040%1h$2.4M$1.4M20xas long as short
Bullet BTC-USD+0.055%+0.0088%1h$231K$3.3M20xas long as short
Popdex BTCUSDT+0.059%+0.0096%1h$8.5M$46.2M100xas long as short
Binance BTCUSDT+0.060%+0.0038%8h$9.47B$21.81B150xas long as short
Aster BTCUSDT+0.060%+0.0024%8h$499.4M$1.11B200xas long as short
SunX BTC-USDT+0.061%+0.0100%8h$3.3M$5.9M100xas long as short
Derive BTC-PERP+0.061%+0.0098%1h$30.3M$60.1M15xas long as short
Reya BTCRUSDPERP+0.062%−0.0019%1h$6.7M$138.0M40xas long as short
Orderly PERP_BTC_USDC+0.066%+0.0100%8h$2.4M$7.3M100xas long as short
Paradex BTC-USD-PERP+0.067%+0.0093%8h$4.4M$6.8M50xas long as short
OKX BTC-USDT-SWAP+0.070%+0.0013%8h$2.65B$11.52B100xas long as short
Bybit BTCUSDT+0.070%0.0000%8h$5.23B$8.54B150xas long as short
Katana Perps BTC-USD+0.071%+0.0100%8h$201K$5.6M50xas long as short
Bitget BTCUSDT+0.071%−0.0004%8h$2.97B$4.65B150xas long as short
Gate BTC_USDT+0.073%+0.0037%8h$6.05B$9.50B200xas long as short
Pacifica BTC+0.074%+0.0100%1h$36.6M$378.6M50xas long as short
BingX BTC-USDC+0.076%−0.0004%8h—$14.7M—as long as short
Polymarket Perps BTC-USD+0.078%+0.0100%1h$11.0M$11.5M50xas long as short
Perpl BTC+0.084%−0.0335%43m$410K$27.9M6.7xas long as short
Backpack BTC_USDC_PERP+0.086%+0.0100%1h$37.7M$119.5M75xas long as short
Kraken Futures PF_XBTUSDshort+0.093%−0.0040%1h$187.9M$810.7M100x
01 Exchange BTCUSD+0.093%−0.0056%1h$292K$2.4M50xas long as short
Ondo Perps BTC-USD.P+0.102%+0.0100%1h$3.9M$16.2M25xas long as short
Vest BTC-PERP+0.104%+0.0100%1h—$11.9M50xas long as short
GMX BTC/USD [WBTC.b-USDC]+0.104%L +0.0171% / S −0.0148%1h$12.4M—200xas long as short
Hibachi BTC/USDT-P+0.107%+0.0112%1h$733K$7.4M30xas long as short
dYdX BTC-USD+0.108%0.0000%1h$17.2M$17.6M50xas long as short
Jupiter Perps WBTC-PERP+0.109%L +0.0104% / S +0.0048%1h—$86.6M500xas long as short
RISEx BTC/USDC+0.112%+0.0132%1h$9.1M$38.6M25xas long as short
Kalshi KXBTCPERP+0.113%+0.0104%8h$14.4M$608.1M6.4xas long as short
gTrade (Gains Network) BTC/USD+0.119%L +0.0005% / S −0.0004%1h$36.8M—200xas long as short
Bluefin BTC-PERP+0.119%−0.7973%1h$142K$367K40xas long as short
Deribit BTC-PERPETUAL+0.130%+0.0128%1h$911.5M$1.12B50xas long as short
Coinbase International BTC-PERP-INTX+0.169%+0.0112%1h$127.6M$6.07B50xas long as short
Hyperliquid BTC+0.176%+0.0117%1h$3.89B$4.37B40xas long as short
Injective BTC/USDC PERP+0.188%−0.0137%1h$308K$27.0M52xas long as short