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)+0.016%
7d average+0.004%if it closes, per $10,000$2funding while held, a day+$0.77
Long on Variational OmniShort on StandX
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni BTC85,897.90.0074pay 0.0074% / 8h5h 29m$170.0M$506.6M—
ShortStandX BTC-USD85,911.80.0100get 0.0013% / 1h29m 21s$30.7M$214.3M40x

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
$1.62
Funding while held
$0.77
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee StandX: 4 bp × 2 orders
−$8
Net
−$5.61
Spread needed to break even
0.080%
Slippage unknown: Variational Omni: RFQ quote, 1 min ago; StandX: live order book, 1 min ago. Net counts fees only.

Cost of waiting

funding view
Funding /8h
+0.0026%
Per $10,000 a day
+$0.77
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 ago0.56 bpdoesn't fit0.6 bp −$61.2 bp −$115doesn't fit
Sell StandX live order book, 1 min ago1.05 bp5.6 bp −$66.3 bp −$637.7 bp −$7719.7 bp −$4,864

BTC price on every exchange

against the cheapest. Click to use as the short leg.
HTX85,837.6cheapestSoDEX85,857+0.023%SunX85,861.3+0.028%BloFin85,876.2+0.045%Phemex85,878.6+0.048%Aevo85,879.3+0.049%Backpack85,884.7+0.055%Derive85,885.9+0.056%OKX85,886.9+0.057%Bulk85,890.4+0.061%Aster85,891.6+0.063%Orderly85,891.8+0.063%Hotstuff85,897+0.069%Extended85,897.4+0.070%
Variational Omni85,897.9+0.070%
KuCoin85,897.9+0.070%Binance85,898.6+0.071%edgeX85,898.7+0.071%Bitget85,898.8+0.071%Gate85,899.1+0.072%Nado85,899.2+0.072%Popdex85,900+0.073%MEXC85,900.6+0.073%Ondo Perps85,903+0.076%dYdX85,903.1+0.076%Perpl85,903.4+0.077%BingX85,903.9+0.077%Reya85,904.2+0.078%Phoenix85,905+0.079%ApeX Omni85,905.4+0.079%Katana Perps85,906+0.080%Arcus85,906.3+0.080%Kraken Futures85,906.6+0.080%Kalshi85,908+0.082%Bullet85,909.3+0.084%Bybit85,909.4+0.084%Bluefin85,910+0.084%
StandX85,911.8+0.086%
Lighter85,912.1+0.087%Polymarket Perps85,917+0.093%Lighter RH85,917.5+0.093%Pacifica85,918.5+0.094%Jupiter Perps85,923+0.100%01 Exchange85,924.6+0.101%Hibachi85,925.6+0.103%Coinbase International85,932.6+0.111%RISEx85,934.7+0.113%GMX85,940.7+0.120%gTrade (Gains Network)85,941.9+0.122%Vest85,942.9+0.123%Deribit85,944.6+0.125%Paradex85,946.4+0.127%Aftermath Perps85,955.9+0.138%Hyperliquid85,989+0.176%Injective86,066+0.266%

BTC on 55 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
HTX BTC-USDT−0.070%+0.0056%8h$2.29B$848.1M200xas long as short
SoDEX BTC-USD−0.048%−0.0010%1h$60.9M$285.3M40xas long as short
SunX BTC-USDT−0.043%+0.0100%8h$3.4M$5.7M100xas long as short
BloFin BTC-USDT−0.025%−0.0089%8h$422.6M$567.5M150xas long as short
Phemex BTCUSDT−0.022%+0.0020%8h$151.8M$424.7M150xas long as short
Aevo BTC-PERP−0.022%+0.0032%1h$2.4M$1.3M20xas long as short
Backpack BTC_USDC_PERP−0.015%+0.0100%1h$37.5M$134.9M75xas long as short
Derive BTC-PERP−0.014%+0.0100%1h$30.4M$58.9M15xas long as short
OKX BTC-USDT-SWAP−0.013%+0.0030%8h$2.67B$11.58B100xas long as short
Bulk BTC-USD−0.009%+0.0010%1h$563.2M$127.1M40xas long as short
Show all 55 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Aster BTCUSDT−0.007%+0.0016%8h$506.3M$1.10B200xas long as short
Orderly PERP_BTC_USDC−0.007%+0.0096%8h$2.4M$7.4M100xas long as short
Hotstuff BTC-PERP−0.001%−0.0080%1h$9K$4K50xas long as short
Extended BTC-USD−0.001%+0.0096%1h$48.5M$200.6M50xas long as short
Variational Omni BTClong0.000%+0.0074%8h$170.0M$506.6M—
KuCoin XBTUSDTM0.000%−0.0007%8h$806.9M$620.7M125xas long as short
Binance BTCUSDT+0.001%+0.0030%8h$9.51B$22.12B150xas long as short
edgeX BTCUSDC+0.001%+0.0100%4h$280.8M$886.0M100xas long as short
Bitget BTCUSDT+0.001%+0.0002%8h$2.96B$4.68B150xas long as short
Gate BTC_USDT+0.001%+0.0033%8h$6.06B$9.64B200xas long as short
Nado BTC-PERP+0.001%+0.0100%1h$23.1M$227.0M50xas long as short
Popdex BTCUSDT+0.002%+0.0048%1h$8.5M$46.3M100xas long as short
MEXC BTC_USDT+0.003%+0.0030%8h$5.15B$5.12B500xas long as short
Ondo Perps BTC-USD.P+0.006%+0.0100%1h$4.0M$17.4M25xas long as short
dYdX BTC-USD+0.006%−0.0001%1h$17.1M$17.7M50xas long as short
Perpl BTC+0.006%−0.0447%43m$403K$26.0M6.7xas long as short
BingX BTC-USDT+0.007%+0.0002%8h—$1.37B—as long as short
Reya BTCRUSDPERP+0.007%−0.0016%1h$6.7M$138.4M40xas long as short
Phoenix BTC+0.008%−0.0082%1h$2.0M$11.0M40xas long as short
ApeX Omni BTCUSDT+0.009%+0.0009%1h$140.1M$320.3M100xas long as short
Katana Perps BTC-USD+0.009%+0.0100%8h$193K$5.9M50xas long as short
Arcus BTC-USD+0.010%−0.0299%1h$6.7M$86.2M40xas long as short
Kraken Futures PF_XBTUSD+0.010%−0.0019%1h$188.9M$818.0M100xas long as short
Kalshi KXBTCPERP+0.012%0.0000%8h$11.7M$655.8M6.4xas long as short
Bullet BTC-USD+0.013%+0.0100%1h$232K$3.3M20xas long as short
Bybit BTCUSDT+0.013%+0.0038%8h$5.28B$8.67B150xas long as short
Bluefin BTC-PERP+0.014%+0.0100%1h$143K$411K40xas long as short
StandX BTC-USDshort+0.016%+0.0100%1h$30.7M$214.3M40x
Lighter BTC+0.017%+0.0096%1h$172.0M$950.4M50xas long as short
Polymarket Perps BTC-USD+0.022%+0.0100%1h$11.0M$12.3M50xas long as short
Lighter RH BTC+0.023%+0.0096%1h$24.4M$138.2M50xas long as short
Pacifica BTC+0.024%+0.0100%1h$36.9M$418.4M50xas long as short
Jupiter Perps WBTC-PERP+0.029%L +0.0104% / S +0.0048%1h—$83.7M500xas long as short
01 Exchange BTCUSD+0.031%−0.0048%1h$311K$2.3M50xas long as short
Hibachi BTC/USDT-P+0.032%+0.0088%1h$753K$6.5M30xas long as short
Coinbase International BTC-PERP-INTX+0.040%+0.0200%1h$129.9M$5.84B50xas long as short
RISEx BTC/USDC+0.043%+0.0031%1h$9.1M$38.7M25xas long as short
GMX BTC/USD [WBTC.b-USDC]+0.050%L +0.0172% / S −0.0153%1h$12.7M—200xas long as short
gTrade (Gains Network) BTC/USD+0.051%L +0.0005% / S −0.0004%1h$36.7M—200xas long as short
Vest BTC-PERP+0.052%+0.0100%1h—$11.5M50xas long as short
Deribit BTC-PERPETUAL+0.054%+0.0242%1h$915.8M$1.11B50xas long as short
Paradex BTC-USD-PERP+0.056%+0.0099%8h$4.4M$6.9M50xas long as short
Aftermath Perps BTCUSD+0.068%+0.0003%1h$87K$157K20xas long as short
Hyperliquid BTC+0.106%+0.0170%1h$3.96B$4.50B40xas long as short
Injective BTC/USDC PERP+0.196%−0.0006%1h$309K$27.0M52xas long as short