BTC

Alert

After costs, if the gap returns to its 7d average, $10k−$15

spread now+0.076%7d average+0.024%fees + slippage, in and out−$20spread needed0.199%

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange BTCUSD	85,988.9	−0.0112	get 0.0014% / 1h	4m 42s	$280K	$2.3M	50x
Short	Pacifica BTC	86,054	0.0100	get 0.0013% / 1h	4m 42s	$36.5M	$331.3M	50x

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 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Position, each leg$Hold forhoursFee 01 ExchangebpFee PacificabpOrdersClose when spread is

Spread captured: $7.58
Funding while held: $6.36
Slippage, 4 orders: −$4.94
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$6.01
Spread needed to break even: 0.199%

Slippage from 01 Exchange: live order book, 1 min ago; Pacifica: live order book, 1 min ago.

Cost of waiting

funding view

Funding /8h: +0.0212%
Per $10,000 a day: +$6.36
Average in range /8h: —

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy 01 Exchange live order book, 1 min ago	0.01 bp	7.4 bp −$7	53.8 bp −$538	doesn't fit	doesn't fit
Sell Pacifica live order book, 1 min ago	0.06 bp	4.2 bp −$4	4.5 bp −$45	doesn't fit	doesn't fit

BTC price on every exchange

against the cheapest. Click to use as the short leg.

edgeX85,921.6cheapest Aftermath Perps85,938.4+0.020%Extended85,943.7+0.026%Jupiter Perps85,954+0.038%OKX85,957.4+0.042%BingX85,961.5+0.046%Perpl85,979.3+0.067%Reya85,979.4+0.067%StandX85,982+0.070%Bitget85,983.2+0.072%Nado85,986.4+0.075%Bybit85,987+0.076%Popdex85,988+0.077%

01 Exchange85,988.9+0.078%

Derive85,989.3+0.079%ApeX Omni85,990.3+0.080%MEXC85,992.7+0.083%Katana Perps85,993+0.083%Backpack85,994.1+0.084%Ondo Perps85,995+0.085%Bullet85,999+0.090%Gate86,000.9+0.092%Arcus86,002.2+0.094%Polymarket Perps86,005+0.097%Phoenix86,009+0.102%RISEx86,012.8+0.106%gTrade (Gains Network)86,016.8+0.111%GMX86,017.1+0.111%Kalshi86,022+0.117%Orderly86,024.4+0.120%Aevo86,031.5+0.128%Lighter86,034.3+0.131%Binance86,035.4+0.132%KuCoin86,036.2+0.133%SunX86,036.9+0.134%Hotstuff86,039+0.137%Aster86,039.6+0.137%HTX86,041.1+0.139%Lighter RH86,041.5+0.140%SoDEX86,042+0.140%Phemex86,046.5+0.145%BloFin86,046.5+0.145%Paradex86,052.9+0.153%

Pacifica86,054+0.154%

Vest86,059+0.160%Bulk86,064.1+0.166%dYdX86,065.2+0.167%Bluefin86,066+0.168%Variational Omni86,077+0.181%Kraken Futures86,077.7+0.182%Injective86,087+0.192%Hibachi86,102.8+0.211%Coinbase International86,113.4+0.223%Deribit86,118.6+0.229%Hyperliquid86,137+0.251%

BTC on 55 venues

cheapest first. Swap a leg.

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
edgeX BTCUSDC	−0.078%	−0.0117%	4h	$282.4M	$832.6M	100x	as long as short
Aftermath Perps BTCUSD	−0.059%	−0.0087%	1h	$87K	$147K	20x	as long as short
Extended BTC-USD	−0.053%	+0.0104%	1h	$48.3M	$206.4M	50x	as long as short
Jupiter Perps WBTC-PERP	−0.041%	L +0.0104% / S +0.0048%	1h	—	$88.9M	500x	as long as short
OKX BTC-USDT-SWAP	−0.037%	+0.0037%	8h	$2.61B	$11.24B	100x	as long as short
BingX BTC-USDC	−0.032%	−0.0010%	8h	—	$14.7M	—	as long as short
Perpl BTC	−0.011%	−0.0223%	43m	$435K	$30.6M	6.7x	as long as short
Reya BTCRUSDPERP	−0.011%	−0.0027%	1h	$6.7M	$137.4M	40x	as long as short
StandX BTC-USD	−0.008%	+0.0100%	1h	$30.8M	$241.4M	40x	as long as short
Bitget BTCUSDT	−0.007%	−0.0009%	8h	$2.95B	$4.51B	150x	as long as short

Show all 55 venues

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Nado BTC-PERP	−0.003%	+0.0092%	1h	$23.5M	$229.9M	50x	as long as short
Bybit BTCUSDT	−0.002%	+0.0100%	8h	$5.15B	$8.26B	150x	as long as short
Popdex BTCUSDT	−0.001%	+0.0080%	1h	$8.6M	$43.2M	100x	as long as short
01 Exchange BTCUSDlong	0.000%	−0.0112%	1h	$280K	$2.3M	50x
Derive BTC-PERP	0.000%	+0.0100%	1h	$29.8M	$57.4M	15x	as long as short
ApeX Omni BTCUSDT	+0.002%	+0.0012%	1h	$139.0M	$317.5M	100x	as long as short
MEXC BTC_USDT	+0.004%	+0.0082%	8h	$5.00B	$4.94B	500x	as long as short
Katana Perps BTC-USD	+0.005%	+0.0100%	8h	$183K	$5.2M	50x	as long as short
Backpack BTC_USDC_PERP	+0.006%	+0.0100%	1h	$40.2M	$101.5M	75x	as long as short
Ondo Perps BTC-USD.P	+0.007%	+0.0100%	1h	$3.9M	$15.9M	25x	as long as short
Bullet BTC-USD	+0.012%	+0.0076%	1h	$246K	$3.3M	20x	as long as short
Gate BTC_USDT	+0.014%	−0.0009%	8h	$6.13B	$9.10B	200x	as long as short
Arcus BTC-USD	+0.015%	+0.0100%	1h	$5.3M	$81.3M	40x	as long as short
Polymarket Perps BTC-USD	+0.019%	+0.0100%	1h	$10.9M	$11.2M	50x	as long as short
Phoenix BTC	+0.023%	+0.0015%	1h	$1.6M	$10.8M	40x	as long as short
RISEx BTC/USDC	+0.028%	+0.0178%	1h	$8.8M	$38.3M	25x	as long as short
gTrade (Gains Network) BTC/USD	+0.032%	L +0.0005% / S −0.0004%	1h	$36.9M	—	200x	as long as short
GMX BTC/USD [WBTC.b-USDC]	+0.033%	L +0.0198% / S −0.0177%	1h	$12.5M	—	200x	as long as short
Kalshi KXBTCPERP	+0.038%	+0.0101%	8h	$9.5M	$538.2M	6.4x	as long as short
Orderly PERP_BTC_USDC	+0.041%	+0.0100%	8h	$2.4M	$7.1M	100x	as long as short
Aevo BTC-PERP	+0.050%	+0.0080%	1h	$2.4M	$1.6M	20x	as long as short
Lighter BTC	+0.053%	+0.0096%	1h	$179.9M	$902.9M	50x	as long as short
Binance BTCUSDT	+0.054%	+0.0082%	8h	$9.59B	$20.77B	150x	as long as short
KuCoin XBTUSDTM	+0.055%	+0.0053%	8h	$790.2M	$604.8M	125x	as long as short
SunX BTC-USDT	+0.056%	+0.0100%	8h	$3.3M	$5.6M	100x	as long as short
Hotstuff BTC-PERP	+0.058%	−0.0080%	1h	$9K	$3K	50x	as long as short
Aster BTCUSDT	+0.059%	+0.0045%	8h	$489.5M	$1.09B	200x	as long as short
HTX BTC-USDT	+0.061%	+0.0049%	8h	$2.30B	$809.0M	200x	as long as short
Lighter RH BTC	+0.061%	+0.0096%	1h	$25.3M	$138.4M	50x	as long as short
SoDEX BTC-USD	+0.062%	+0.0009%	1h	$61.3M	$259.1M	40x	as long as short
Phemex BTCUSDT	+0.067%	−0.0024%	8h	$157.7M	$387.8M	150x	as long as short
BloFin BTC-USDT	+0.067%	+0.0203%	8h	$426.3M	$508.5M	150x	as long as short
Paradex BTC-USD-PERP	+0.074%	+0.0079%	8h	$4.4M	$6.5M	50x	as long as short
Pacifica BTCshort	+0.076%	+0.0100%	1h	$36.5M	$331.3M	50x
Vest BTC-PERP	+0.081%	+0.0100%	1h	—	$13.3M	50x	as long as short
Bulk BTC-USD	+0.087%	+0.0100%	1h	$540.9M	$69.9M	40x	as long as short
dYdX BTC-USD	+0.089%	−0.0008%	1h	$16.8M	$16.3M	50x	as long as short
Bluefin BTC-PERP	+0.090%	−0.0021%	1h	$143K	$403K	40x	as long as short
Variational Omni BTC	+0.102%	+0.0100%	8h	$172.9M	$488.6M	—	as long as short
Kraken Futures PF_XBTUSD	+0.103%	+0.0042%	1h	$185.1M	$791.3M	100x	as long as short
Injective BTC/USDC PERP	+0.114%	+0.0180%	1h	$304K	$27.0M	52x	as long as short
Hibachi BTC/USDT-P	+0.132%	+0.0064%	1h	$626K	$7.2M	30x	as long as short
Coinbase International BTC-PERP-INTX	+0.145%	+0.0112%	1h	$148.9M	$6.27B	50x	as long as short
Deribit BTC-PERPETUAL	+0.151%	+0.0385%	1h	$869.7M	$1.00B	50x	as long as short
Hyperliquid BTC	+0.172%	+0.0159%	1h	$3.89B	$4.24B	40x	as long as short