Spread before costs (cost unknown: a leg has no order-book sample)+0.072%
7d average—if it closes, per $10,000$7funding while held, a day+$15.71
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit ARB_USDC-PERPETUAL | 0.2358 | 0 | get 0.0000% / 1h | 52m 41s | $37K | $17K | 25x |
| Short | Backpack ARB_USDC_PERP | 0.2360 | 0.0524 | get 0.0065% / 1h | 52m 41s | $982K | $2.9M | 20x |
Deribit ARB_USDC-PERPETUAL
Backpack ARB_USDC_PERPPrice 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
- $7.21
- Funding while held
- $15.71
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- $5.92
- Spread needed to break even
- 0.170%
Slippage unknown: Deribit: no order-book sample; Backpack: live order book, 3 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0524%
- Per $10,000 a day
- +$15.71
- 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 Deribit no order-book sample | — | — | — | — | — |
| Sell Backpack live order book, 3 min ago | 3.77 bp | 10.0 bp −$10 | 79.2 bp −$792 | doesn't fit | doesn't fit |
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.Reya0.2357cheapestOrderly0.2357+0.018%Phemex0.2357+0.018%GMX0.2358+0.048%BloFin0.2358+0.052%
Reya
Orderly
Phemex
GMX
BloFinDeribit0.2358+0.060%
gTrade (Gains Network)0.2358+0.062%Aevo0.2358+0.079%HTX0.2359+0.094%SunX0.2359+0.103%
gTrade (Gains Network)
Aevo
HTX
SunXBackpack0.2360+0.132%
Bitget0.2360+0.145%Polymarket Perps0.2360+0.158%SoDEX0.2360+0.158%Extended0.2360+0.162%RISEx0.2361+0.171%Injective0.2361+0.188%Aster0.2361+0.204%Coinbase International0.2362+0.230%Gate0.2363+0.256%BingX0.2363+0.256%Pacifica0.2363+0.274%MEXC0.2363+0.277%Kraken Futures0.2364+0.298%KuCoin0.2365+0.345%Hyperliquid0.2365+0.374%Bybit0.2366+0.413%Lighter0.2368+0.468%OKX0.2369+0.523%Binance0.2370+0.581%dYdX0.2372+0.654%edgeX0.2380+1.006%ApeX Omni0.2381+1.036%Variational Omni0.2382+1.061%
Bitget
Polymarket Perps
SoDEX
Extended
RISEx
Injective
Aster
Coinbase International
Gate
BingX
Pacifica
MEXC
Kraken Futures
KuCoin
Hyperliquid
Bybit
Lighter
OKX
Binance
dYdX
ApeX Omni
Variational OmniARB on 34 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Reya ARBRUSDPERP | −0.060% | +0.0291% | 1h | $3K | — | 20x | as long as short |
| Orderly PERP_ARB_USDC | −0.042% | −0.0044% | 8h | $12K | $292K | 10x | as long as short |
| Phemex ARBUSDT | −0.042% | +0.0100% | 8h | $5.8M | $15.4M | 50x | as long as short |
| GMX ARB/USD [ARB-USDC] | −0.013% | L +0.0252% / S −0.0158% | 1h | $764K | — | 150x | as long as short |
| BloFin ARB-USDT | −0.008% | +0.0220% | 8h | $3.4M | $3.4M | 75x | as long as short |
| Deribit ARB_USDC-PERPETUALlong | 0.000% | 0.0000% | 1h | $37K | $17K | 25x | |
| gTrade (Gains Network) ARB/USD | +0.002% | L +0.0005% / S −0.0004% | 1h | $56K | — | 150x | as long as short |
| Aevo ARB-PERP | +0.019% | +0.0104% | 1h | $157K | $9K | 3x | as long as short |
| HTX ARB-USDT | +0.034% | +0.0100% | 8h | $290K | $1.3M | 50x | as long as short |
| SunX ARB-USDT | +0.042% | +0.0100% | 8h | $2K | $1.1M | 30x | as long as short |
Show all 34 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Backpack ARB_USDC_PERPshort | +0.072% | +0.0524% | 1h | $982K | $2.9M | 20x | |
| Bitget ARBUSDT | +0.085% | +0.0100% | 8h | $21.9M | $39.1M | 50x | as long as short |
| Polymarket Perps ARB-USD | +0.098% | +0.0100% | 1h | $66K | $2.8M | 10x | as long as short |
| SoDEX ARB-USD | +0.098% | +0.0070% | 1h | $4K | $2.9M | 5x | as long as short |
| Extended ARB-USD | +0.101% | +0.0104% | 1h | $380K | $2.5M | 25x | as long as short |
| RISEx ARB/USDC | +0.110% | −0.0049% | 1h | $383K | $3.4M | 10x | as long as short |
| Injective ARB/USDC PERP | +0.127% | −0.1516% | 1h | $61K | $248K | 12x | as long as short |
| Aster ARBUSDT | +0.144% | +0.0100% | 8h | $713K | $2.2M | 20x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.170% | +0.0520% | 1h | $576K | $2.5M | 50x | as long as short |
| Gate ARB_USDT | +0.195% | +0.0100% | 8h | $5.8M | $19.6M | 60x | as long as short |
| BingX ARB-USDT | +0.195% | +0.0100% | 8h | — | $54.0M | — | as long as short |
| Pacifica ARB | +0.214% | +0.0100% | 1h | $50K | $256K | 10x | as long as short |
| MEXC ARB_USDT | +0.216% | −0.0011% | 8h | $37.5M | $57.7M | 200x | as long as short |
| Kraken Futures PF_ARBUSD | +0.238% | +0.0367% | 1h | $1.3M | $4.9M | 50x | as long as short |
| KuCoin ARBUSDTM | +0.284% | +0.0100% | 8h | $20.1M | $19.6M | 75x | as long as short |
| Hyperliquid ARB | +0.314% | +0.0398% | 1h | $44.2M | $48.6M | 10x | as long as short |
| Bybit ARBUSDT | +0.352% | +0.0100% | 8h | $59.6M | $133.7M | 50x | as long as short |
| Lighter ARB | +0.407% | +0.0816% | 1h | $1.8M | $7.1M | 15x | as long as short |
| OKX ARB-USDT-SWAP | +0.462% | −0.0007% | 8h | $24.8M | $194.0M | 50x | as long as short |
| Binance ARBUSDT | +0.520% | +0.0100% | 8h | $68.5M | $328.0M | 75x | as long as short |
| dYdX ARB-USD | +0.593% | 0.0000% | 1h | $71K | $4K | 10x | as long as short |
| edgeX ARBUSDC | +0.945% | +0.0100% | 4h | $41K | $460K | 20x | as long as short |
| ApeX Omni ARBUSDT | +0.975% | +0.0100% | 1h | $135K | $274K | 50x | as long as short |
| Variational Omni ARB | +1.000% | +0.0100% | 8h | $2.0M | $3.4M | — | as long as short |