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

S

all S 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.

After costs, if the gap returns to its 7d average, $10k−$60
spread now+0.281%7d average+0.118%fees + slippage, in and out−$76spread needed0.761%
Long on BloFinShort on Backpack
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin S-USDT0.039190.0340pay 0.0170% / 4h14m 07s$289K$266K75x
ShortBackpack S_USDC_PERP0.039300.0100get 0.0013% / 1h14m 07s$114K$218K5x

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
$28.07
Funding while held
−$7.2
Slippage, 4 orders
−$54.06
Fee BloFin: 6 bp × 2 orders
−$12
Fee Backpack: 5 bp × 2 orders
−$10
Net
−$55.19
Spread needed to break even
0.761%
Slippage from BloFin: live order book, 29 min ago; Backpack: live order book, 36 min ago.

Cost of waiting

funding view
Funding /8h
−0.0240%
Per $10,000 a day
−$7.20
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 BloFin live order book, 29 min ago2.50 bp13.7 bp −$1440.7 bp −$407doesn't fitdoesn't fit
Sell Backpack live order book, 36 min ago12.48 bp20.9 bp −$21doesn't fitdoesn't fitdoesn't fit

S price on every exchange

against the cheapest. Click to use as the short leg.
01 Exchange0.03790cheapestCoinbase International0.03811+0.554%Variational Omni0.03918+3.369%
BloFin0.03919+3.404%
Bybit0.03920+3.430%Gate0.03920+3.430%Kraken Futures0.03920+3.435%KuCoin0.03921+3.456%Extended0.03923+3.496%OKX0.03923+3.509%Bitget0.03924+3.536%Reya0.03924+3.537%Binance0.03925+3.561%BingX0.03925+3.562%MEXC0.03926+3.588%Orderly0.03927+3.615%Lighter0.03928+3.641%Hyperliquid0.03929+3.665%Deribit0.03929+3.668%Aster0.03930+3.694%
Backpack0.03930+3.694%
gTrade (Gains Network)0.03932+3.742%GMX0.03933+3.768%ApeX Omni0.03940+3.958%Injective0.04100+8.179%

S on 25 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
01 Exchange SUSD−3.292%−1.1224%1h$23K$3K5xas long as short
Coinbase International S-PERP-INTX−2.756%−0.2432%1h$47K$11K25xas long as short
Variational Omni S−0.034%−0.1032%4h$610K$121K—as long as short
BloFin S-USDTlong0.000%+0.0340%4h$289K$266K75x
Bybit SUSDT+0.026%+0.0100%4h$5.7M$9.5M50xas long as short
Gate S_USDT+0.026%+0.0100%4h$328K$409K50xas long as short
Kraken Futures PF_SUSD+0.030%−0.2439%1h$33K$48K10xas long as short
KuCoin SUSDTM+0.051%+0.0100%4h$1.8M$3.9M50xas long as short
Extended S-USD+0.090%+0.0104%1h$221K$944K10xas long as short
OKX S-USDT-SWAP+0.102%+0.0100%4h$1.0M$12.6M20xas long as short
Show all 25 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Bitget SUSDT+0.128%+0.0100%4h$1.2M$4.7M50xas long as short
Reya SRUSDPERP+0.129%−0.0101%1h$4—15xas long as short
Binance SUSDT+0.152%+0.0100%4h$5.3M$40.6M75xas long as short
BingX S-USDT+0.153%+0.0100%4h—$7.0M—as long as short
MEXC S_USDT+0.179%+0.0100%4h$3.5M$3.5M200xas long as short
Orderly PERP_S_USDC+0.204%−0.0201%4h$104K$332K10xas long as short
Lighter S+0.230%+0.0096%1h$165K$341K5xas long as short
Hyperliquid S+0.253%+0.0100%1h$1.1M$1.5M5xas long as short
Deribit S_USDC-PERPETUAL+0.255%−0.0767%1h$66K$11K10xas long as short
Aster SUSDT+0.281%−0.0114%4h$47K$263K10xas long as short
Backpack S_USDC_PERPshort+0.281%+0.0100%1h$114K$218K5x
gTrade (Gains Network) S/USD+0.328%L +0.0001% / S +0.0006%1h$606—150xas long as short
GMX S/USD [WBTC.b-USDC]+0.352%L −0.0377% / S +0.0349%1h$1K—100xas long as short
ApeX Omni SUSDT+0.536%+0.0100%1h$24K$503K50xas long as short
Injective S/USDC PERP+4.619%+0.0033%1h$2K$161K12xas long as short