Spread before costs (cost unknown: a leg has no order-book sample)−0.084%
7d average—if it closes, per $10,000$8funding while held, a day−$9.77
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack ARB_USDC_PERP | 0.2304 | 0.0618 | pay 0.0077% / 1h | 20m 43s | $986K | $3.0M | 20x |
| Short | Reya ARBRUSDPERP | 0.2302 | 0.0292 | get 0.0037% / 1h | 20m 43s | $2K | $695 | 20x |
Backpack ARB_USDC_PERP
Reya ARBRUSDPERPPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- −$8.35
- Funding while held
- −$9.77
- Slippage, 4 orders
- no order book: not counted
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Reya: 3 bp × 2 orders
- −$6
- Net
- −$34.12
- Spread needed to break even
- 0.160%
Slippage unknown: Backpack: live order book, 5 min ago; Reya: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0326%
- Per $10,000 a day
- −$9.77
- 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 Backpack live order book, 5 min ago | 2.39 bp | 10.5 bp −$10 | doesn't fit | doesn't fit | doesn't fit |
| Sell Reya no order-book sample | — | — | — | — | — |
Reya: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
ARB price on every exchange
against the cheapest. Click to use as the short leg.Injective0.2291cheapestHTX0.2300+0.410%Extended0.2301+0.416%BloFin0.2301+0.423%OKX0.2301+0.432%edgeX0.2301+0.433%Bitget0.2301+0.436%Bybit0.2301+0.445%Deribit0.2301+0.454%01 Exchange0.2301+0.458%SoDEX0.2302+0.467%Aster0.2302+0.489%
Injective
HTX
Extended
BloFin
OKX
Bitget
Bybit
Deribit
SoDEX
AsterReya0.2302+0.492%
Gate0.2302+0.498%Kraken Futures0.2303+0.505%gTrade (Gains Network)0.2303+0.511%Pacifica0.2303+0.515%GMX0.2303+0.519%MEXC0.2303+0.519%Orderly0.2303+0.524%SunX0.2303+0.524%Phemex0.2303+0.524%Lighter0.2303+0.541%BingX0.2303+0.541%Aevo0.2304+0.551%Polymarket Perps0.2304+0.559%Binance0.2304+0.567%KuCoin0.2304+0.576%
Gate
Kraken Futures
gTrade (Gains Network)
Pacifica
GMX
MEXC
Orderly
SunX
Phemex
Lighter
BingX
Aevo
Polymarket Perps
Binance
KuCoinBackpack0.2304+0.576%
dYdX0.2305+0.602%RISEx0.2306+0.642%Hyperliquid0.2306+0.646%Variational Omni0.2311+0.893%Coinbase International0.2312+0.917%ApeX Omni0.2316+1.091%
dYdX
RISEx
Hyperliquid
Variational Omni
Coinbase International
ApeX OmniARB on 35 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective ARB/USDC PERP | −0.573% | −0.1425% | 1h | $59K | $248K | 12x | as long as short |
| HTX ARB-USDT | −0.165% | +0.0100% | 8h | $284K | $1.2M | 50x | as long as short |
| Extended ARB-USD | −0.160% | +0.0104% | 1h | $373K | $2.4M | 25x | as long as short |
| BloFin ARB-USDT | −0.152% | +0.0220% | 8h | $3.2M | $3.2M | 75x | as long as short |
| OKX ARB-USDT-SWAP | −0.143% | +0.0040% | 8h | $24.0M | $179.7M | 50x | as long as short |
| edgeX ARBUSDC | −0.142% | +0.0100% | 4h | $39K | $463K | 20x | as long as short |
| Bitget ARBUSDT | −0.139% | +0.0100% | 8h | $21.4M | $39.2M | 50x | as long as short |
| Bybit ARBUSDT | −0.130% | +0.0100% | 8h | $58.5M | $131.1M | 50x | as long as short |
| Deribit ARB_USDC-PERPETUAL | −0.122% | −0.0011% | 1h | $39K | $15K | 25x | as long as short |
| 01 Exchange ARBUSD | −0.117% | −0.0032% | 1h | $7K | $3K | 10x | as long as short |
Show all 35 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| SoDEX ARB-USD | −0.108% | −0.0120% | 1h | $4K | $2.9M | 5x | as long as short |
| Aster ARBUSDT | −0.087% | +0.0100% | 8h | $699K | $2.2M | 20x | as long as short |
| Reya ARBRUSDPERPshort | −0.084% | +0.0292% | 1h | $2K | $695 | 20x | |
| Gate ARB_USDT | −0.078% | +0.0100% | 8h | $5.6M | $21.3M | 60x | as long as short |
| Kraken Futures PF_ARBUSD | −0.071% | +0.0440% | 1h | $1.2M | $4.9M | 50x | as long as short |
| gTrade (Gains Network) ARB/USD | −0.065% | L +0.0005% / S −0.0005% | 1h | $54K | — | 150x | as long as short |
| Pacifica ARB | −0.061% | +0.0100% | 1h | $48K | $230K | 10x | as long as short |
| GMX ARB/USD [ARB-USDC] | −0.057% | L +0.0263% / S −0.0177% | 1h | $736K | — | 150x | as long as short |
| MEXC ARB_USDT | −0.056% | +0.0039% | 8h | $33.0M | $61.0M | 200x | as long as short |
| Orderly PERP_ARB_USDC | −0.052% | −0.0027% | 8h | $11K | $335K | 10x | as long as short |
| SunX ARB-USDT | −0.052% | +0.0100% | 8h | $2K | $1.1M | 30x | as long as short |
| Phemex ARBUSDT | −0.052% | +0.0100% | 8h | $5.7M | $14.7M | 50x | as long as short |
| Lighter ARB | −0.035% | +0.0096% | 1h | $1.6M | $7.3M | 15x | as long as short |
| BingX ARB-USDC | −0.035% | +0.0100% | 8h | — | $6.5M | — | as long as short |
| Aevo ARB-PERP | −0.025% | +0.0104% | 1h | $154K | $9K | 3x | as long as short |
| Polymarket Perps ARB-USD | −0.017% | +0.0100% | 1h | $60K | $2.5M | 10x | as long as short |
| Binance ARBUSDT | −0.009% | +0.0100% | 8h | $65.7M | $326.6M | 75x | as long as short |
| KuCoin ARBUSDTM | 0.000% | +0.0100% | 8h | $20.2M | $18.6M | 75x | as long as short |
| Backpack ARB_USDC_PERPlong | 0.000% | +0.0618% | 1h | $986K | $3.0M | 20x | |
| dYdX ARB-USD | +0.026% | 0.0000% | 1h | $69K | $4K | 10x | as long as short |
| RISEx ARB/USDC | +0.066% | +0.0037% | 1h | $424K | $3.4M | 10x | as long as short |
| Hyperliquid ARB | +0.069% | +0.0273% | 1h | $42.2M | $49.8M | 10x | as long as short |
| Variational Omni ARB | +0.315% | +0.0100% | 8h | $1.9M | $3.3M | — | as long as short |
| Coinbase International ARB-PERP-INTX | +0.339% | +0.0520% | 1h | $532K | $2.5M | 50x | as long as short |
| ApeX Omni ARBUSDT | +0.512% | +0.0100% | 1h | $130K | $264K | 50x | as long as short |