Spread before costs (cost unknown: a leg has no order-book sample)+0.291%
7d average—if it closes, per $10,000$29funding while held, a day−$3.00
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX ARB-USDC | 0.2369 | 0.0100 | pay 0.0100% / 8h | 1h 49m | — | $6.5M | — |
| Short | Deribit ARB_USDC-PERPETUAL | 0.2376 | 0 | get 0.0000% / 1h | 49m 35s | $39K | $19K | 25x |
BingX ARB-USDC
Deribit ARB_USDC-PERPETUALPrice 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
- $29.12
- Funding while held
- −$3
- Slippage, 4 orders
- no order book: not counted
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $9.12
- Spread needed to break even
- 0.170%
Slippage unknown: BingX: live order book, 8 min ago; Deribit: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0100%
- Per $10,000 a day
- −$3.00
- 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 BingX live order book, 8 min ago | 3.78 bp | 23.6 bp −$24 | 46.1 bp −$461 | 82.7 bp −$8,268 | 557.3 bp −$278.7K |
| Sell Deribit no order-book sample | — | — | — | — | — |
Deribit: 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.Injective0.2356cheapestVariational Omni0.2366+0.439%RISEx0.2366+0.442%Extended0.2367+0.457%Bybit0.2367+0.458%OKX0.2367+0.458%edgeX0.2367+0.460%MEXC0.2367+0.488%Binance0.2368+0.505%Bitget0.2368+0.509%ApeX Omni0.2368+0.509%Gate0.2368+0.514%
Injective
Variational Omni
RISEx
Extended
Bybit
OKX
MEXC
Binance
Bitget
ApeX Omni
GateBingX0.2369+0.556%
BloFin0.2369+0.565%dYdX0.2370+0.577%KuCoin0.2370+0.607%Pacifica0.2371+0.616%Aster0.2371+0.640%Lighter0.2372+0.662%Reya0.2372+0.672%GMX0.2374+0.751%gTrade (Gains Network)0.2374+0.778%Hyperliquid0.2375+0.806%Phemex0.2375+0.806%Orderly0.2376+0.849%SoDEX0.2376+0.849%
BloFin
dYdX
KuCoin
Pacifica
Aster
Lighter
Reya
GMX
gTrade (Gains Network)
Hyperliquid
Phemex
Orderly
SoDEXDeribit0.2376+0.849%
Polymarket Perps0.2376+0.853%HTX0.2376+0.862%Aevo0.2377+0.870%Kraken Futures0.2377+0.880%Coinbase International0.2377+0.891%SunX0.2378+0.934%Backpack0.2379+0.989%
Polymarket Perps
HTX
Aevo
Kraken Futures
Coinbase International
SunX
BackpackARB on 34 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective ARB/USDC PERP | −0.553% | −0.1516% | 1h | $60K | $248K | 12x | as long as short |
| Variational Omni ARB | −0.116% | +0.0100% | 8h | $2.0M | $3.4M | — | as long as short |
| RISEx ARB/USDC | −0.113% | −0.0049% | 1h | $384K | $3.4M | 10x | as long as short |
| Extended ARB-USD | −0.098% | +0.0104% | 1h | $382K | $2.5M | 25x | as long as short |
| Bybit ARBUSDT | −0.097% | +0.0100% | 8h | $59.6M | $133.6M | 50x | as long as short |
| OKX ARB-USDT-SWAP | −0.097% | −0.0002% | 8h | $24.9M | $193.5M | 50x | as long as short |
| edgeX ARBUSDC | −0.095% | +0.0100% | 4h | $40K | $461K | 20x | as long as short |
| MEXC ARB_USDT | −0.068% | −0.0002% | 8h | $37.6M | $57.8M | 200x | as long as short |
| Binance ARBUSDT | −0.051% | +0.0100% | 8h | $68.4M | $328.1M | 75x | as long as short |
| Bitget ARBUSDT | −0.046% | +0.0100% | 8h | $22.0M | $39.1M | 50x | as long as short |
Show all 34 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| ApeX Omni ARBUSDT | −0.046% | −0.0274% | 1h | $135K | $275K | 50x | as long as short |
| Gate ARB_USDT | −0.042% | +0.0100% | 8h | $5.8M | $19.6M | 60x | as long as short |
| BingX ARB-USDClong | 0.000% | +0.0100% | 8h | — | $6.5M | — | |
| BloFin ARB-USDT | +0.008% | +0.0220% | 8h | $3.4M | $3.5M | 75x | as long as short |
| dYdX ARB-USD | +0.020% | 0.0000% | 1h | $71K | $4K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.051% | +0.0100% | 8h | $20.1M | $19.6M | 75x | as long as short |
| Pacifica ARB | +0.060% | +0.0100% | 1h | $49K | $254K | 10x | as long as short |
| Aster ARBUSDT | +0.083% | +0.0100% | 8h | $716K | $2.2M | 20x | as long as short |
| Lighter ARB | +0.106% | +0.0536% | 1h | $1.8M | $7.1M | 15x | as long as short |
| Reya ARBRUSDPERP | +0.115% | +0.0291% | 1h | $3K | — | 20x | as long as short |
| GMX ARB/USD [ARB-USDC] | +0.194% | L +0.0252% / S −0.0158% | 1h | $769K | — | 150x | as long as short |
| gTrade (Gains Network) ARB/USD | +0.220% | L +0.0005% / S −0.0004% | 1h | $57K | — | 150x | as long as short |
| Hyperliquid ARB | +0.249% | +0.0374% | 1h | $44.3M | $48.7M | 10x | as long as short |
| Phemex ARBUSDT | +0.249% | +0.0100% | 8h | $5.8M | $15.4M | 50x | as long as short |
| Orderly PERP_ARB_USDC | +0.291% | −0.0044% | 8h | $12K | $295K | 10x | as long as short |
| SoDEX ARB-USD | +0.291% | +0.0100% | 1h | $4K | $2.9M | 5x | as long as short |
| Deribit ARB_USDC-PERPETUALshort | +0.291% | 0.0000% | 1h | $39K | $19K | 25x | |
| Polymarket Perps ARB-USD | +0.295% | +0.0100% | 1h | $67K | $2.8M | 10x | as long as short |
| HTX ARB-USDT | +0.304% | +0.0100% | 8h | $291K | $1.3M | 50x | as long as short |
| Aevo ARB-PERP | +0.312% | +0.0104% | 1h | $159K | $9K | 3x | as long as short |
| Kraken Futures PF_ARBUSD | +0.322% | +0.0365% | 1h | $1.3M | $4.9M | 50x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.333% | +0.0520% | 1h | $580K | $2.5M | 50x | as long as short |
| SunX ARB-USDT | +0.376% | +0.0100% | 8h | $2K | $1.1M | 30x | as long as short |
| Backpack ARB_USDC_PERP | +0.431% | +0.0702% | 1h | $1.0M | $2.9M | 20x | as long as short |