After costs, if the gap returns to its 7d average, $10k−$86
spread now−0.044%7d average−0.149%fees + slippage, in and out−$97spread needed0.967%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International ARB-PERP-INTX | 0.2253 | 0.0432 | pay 0.0054% / 1h | 17m 49s | $524K | $2.5M | 50x |
| Short | Phemex ARBUSDT | 0.2252 | 0.0100 | get 0.0100% / 8h | 6h 17m | $5.4M | $14.2M | 50x |
Price 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
- −$4.44
- Funding while held
- −$9.96
- Slippage, 4 orders
- −$74.67
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$111.07
- Spread needed to break even
- 0.967%
Slippage from Coinbase International: live order book, 2 min ago; Phemex: live order book, 3 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0332%
- Per $10,000 a day
- −$9.96
- 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 Coinbase International live order book, 2 min ago | 6.67 bp | 28.8 bp −$29 | 47.6 bp −$476 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 3 min ago | 8.90 bp | 29.7 bp −$30 | 52.7 bp −$527 | doesn't fit | doesn't fit |
ARB price on every exchange
against the cheapest. Click to use as the short leg.ARB on 35 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective ARB/USDC PERP | −0.799% | −0.1630% | 1h | $55K | $139K | 12x | as long as short |
| Variational Omni ARB | −0.473% | +0.0062% | 8h | $1.8M | $3.3M | — | as long as short |
| ApeX Omni ARBUSDT | −0.399% | +0.0095% | 1h | $126K | $260K | 50x | as long as short |
| edgeX ARBUSDC | −0.371% | +0.0100% | 4h | $38K | $464K | 20x | as long as short |
| BloFin ARB-USDT | −0.284% | +0.0220% | 8h | $3.1M | $3.1M | 75x | as long as short |
| Bybit ARBUSDT | −0.084% | −0.0093% | 8h | $56.8M | $131.2M | 50x | as long as short |
| Extended ARB-USD | −0.055% | +0.0104% | 1h | $364K | $2.4M | 25x | as long as short |
| OKX ARB-USDT-SWAP | −0.044% | +0.0007% | 8h | $23.3M | $165.9M | 50x | as long as short |
| Phemex ARBUSDTshort | −0.044% | +0.0100% | 8h | $5.4M | $14.2M | 50x | |
| BingX ARB-USDT | −0.036% | +0.0100% | 8h | — | $55.6M | — | as long as short |
Show all 35 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| MEXC ARB_USDT | −0.004% | +0.0005% | 8h | $41.1M | $63.9M | 200x | as long as short |
| Binance ARBUSDT | −0.003% | +0.0100% | 8h | $63.3M | $318.7M | 75x | as long as short |
| Bitget ARBUSDT | 0.000% | +0.0100% | 8h | $20.9M | $39.2M | 50x | as long as short |
| Coinbase International ARB-PERP-INTXlong | 0.000% | +0.0432% | 1h | $524K | $2.5M | 50x | |
| 01 Exchange ARBUSD | +0.009% | −0.0200% | 1h | $7K | $2K | 10x | as long as short |
| dYdX ARB-USD | +0.009% | 0.0000% | 1h | $68K | $3K | 10x | as long as short |
| Gate ARB_USDT | +0.013% | +0.0100% | 8h | $5.4M | $21.3M | 60x | as long as short |
| Orderly PERP_ARB_USDC | +0.044% | +0.0016% | 8h | $10K | $378K | 10x | as long as short |
| SoDEX ARB-USD | +0.053% | +0.0036% | 1h | $5K | $2.8M | 5x | as long as short |
| Pacifica ARB | +0.055% | +0.0100% | 1h | $48K | $199K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.062% | +0.0100% | 8h | $20.6M | $17.8M | 75x | as long as short |
| Reya ARBRUSDPERP | +0.082% | +0.0292% | 1h | $2K | $695 | 20x | as long as short |
| Lighter ARB | +0.093% | +0.0096% | 1h | $1.4M | $7.5M | 15x | as long as short |
| Aster ARBUSDT | +0.097% | +0.0100% | 8h | $711K | $1.8M | 20x | as long as short |
| Deribit ARB_USDC-PERPETUAL | +0.098% | 0.0000% | 1h | $39K | $16K | 25x | as long as short |
| RISEx ARB/USDC | +0.103% | +0.0519% | 1h | $414K | $3.0M | 10x | as long as short |
| HTX ARB-USDT | +0.111% | +0.0100% | 8h | $274K | $1.1M | 50x | as long as short |
| Kraken Futures PF_ARBUSD | +0.114% | −0.0243% | 1h | $1.1M | $5.0M | 50x | as long as short |
| Polymarket Perps ARB-USD | +0.124% | −0.0143% | 1h | $68K | $2.4M | 10x | as long as short |
| SunX ARB-USDT | +0.133% | +0.0100% | 8h | $2K | $1.1M | 30x | as long as short |
| Aevo ARB-PERP | +0.136% | +0.0104% | 1h | $151K | $9K | 3x | as long as short |
| gTrade (Gains Network) ARB/USD | +0.139% | L +0.0005% / S −0.0006% | 1h | $60K | — | 150x | as long as short |
| GMX ARB/USD [ARB-USDC] | +0.140% | L +0.0301% / S −0.0271% | 1h | $717K | — | 150x | as long as short |
| Hyperliquid ARB | +0.169% | +0.0192% | 1h | $41.7M | $49.5M | 10x | as long as short |
| Backpack ARB_USDC_PERP | +0.231% | +0.0505% | 1h | $964K | $3.0M | 20x | as long as short |
Coinbase International ARB-PERP-INTX
Phemex ARBUSDT
Injective
Variational Omni
ApeX Omni
BloFin
Bybit
Extended
OKX
BingX
MEXC
Binance
Bitget
Gate
SoDEX
Pacifica
KuCoin
Lighter
Aster
Deribit
RISEx
HTX
Kraken Futures
Polymarket Perps
SunX
gTrade (Gains Network)
GMX
Hyperliquid
Backpack