Spread before costs (cost unknown: a leg has no order-book sample)−0.058%
7d average—if it closes, per $10,000$6funding while held, a day+$2.88
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit ARB_USDC-PERPETUAL | 0.2246 | 0 | get 0.0000% / 1h | 19m 24s | $39K | $16K | 25x |
| Short | Lighter ARB | 0.2245 | 0.0096 | get 0.0012% / 1h | 19m 24s | $1.4M | $7.5M | 15x |
Deribit ARB_USDC-PERPETUAL
Lighter ARBPrice 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
- −$5.79
- Funding while held
- $2.88
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$9.91
- Spread needed to break even
- 0.070%
Slippage unknown: Deribit: no order-book sample; Lighter: live order book, 5 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0096%
- Per $10,000 a day
- +$2.88
- 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 Lighter live order book, 5 min ago | 1.79 bp | 3.5 bp −$3 | 19.5 bp −$195 | 115.0 bp −$11.5K | 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.Injective0.2232cheapestVariational Omni0.2242+0.463%ApeX Omni0.2244+0.538%BloFin0.2245+0.560%edgeX0.2245+0.566%
Injective
Variational Omni
ApeX Omni
BloFinLighter0.2245+0.569%
Extended0.2245+0.573%SoDEX0.2245+0.578%Phemex0.2245+0.582%dYdX0.2245+0.590%Pacifica0.2245+0.591%BingX0.2245+0.605%Aster0.2246+0.617%Bybit0.2246+0.618%HTX0.2246+0.623%Bitget0.2246+0.627%
Extended
SoDEX
Phemex
dYdX
Pacifica
BingX
Aster
Bybit
HTX
BitgetDeribit0.2246+0.627%
Coinbase International0.2246+0.627%OKX0.2246+0.636%01 Exchange0.2246+0.641%Aevo0.2246+0.650%Binance0.2247+0.652%Reya0.2247+0.656%KuCoin0.2247+0.659%Polymarket Perps0.2247+0.659%MEXC0.2247+0.672%Orderly0.2247+0.672%SunX0.2247+0.672%Kraken Futures0.2247+0.675%Gate0.2247+0.677%GMX0.2248+0.696%gTrade (Gains Network)0.2248+0.712%RISEx0.2248+0.723%Backpack0.2249+0.748%Hyperliquid0.2250+0.811%
Coinbase International
OKX
Aevo
Binance
Reya
KuCoin
Polymarket Perps
MEXC
Orderly
SunX
Kraken Futures
Gate
GMX
gTrade (Gains Network)
RISEx
Backpack
HyperliquidARB on 35 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective ARB/USDC PERP | −0.623% | −0.1630% | 1h | $55K | $139K | 12x | as long as short |
| Variational Omni ARB | −0.163% | +0.0062% | 8h | $1.8M | $3.3M | — | as long as short |
| ApeX Omni ARBUSDT | −0.089% | +0.0095% | 1h | $126K | $260K | 50x | as long as short |
| BloFin ARB-USDT | −0.067% | +0.0220% | 8h | $3.1M | $3.1M | 75x | as long as short |
| edgeX ARBUSDC | −0.061% | +0.0100% | 4h | $38K | $464K | 20x | as long as short |
| Lighter ARBshort | −0.058% | +0.0096% | 1h | $1.4M | $7.5M | 15x | |
| Extended ARB-USD | −0.054% | +0.0104% | 1h | $362K | $2.4M | 25x | as long as short |
| SoDEX ARB-USD | −0.049% | +0.0022% | 1h | $5K | $2.8M | 5x | as long as short |
| Phemex ARBUSDT | −0.045% | +0.0100% | 8h | $5.4M | $14.2M | 50x | as long as short |
| dYdX ARB-USD | −0.037% | 0.0000% | 1h | $68K | $3K | 10x | as long as short |
Show all 35 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Pacifica ARB | −0.037% | +0.0100% | 1h | $48K | $199K | 10x | as long as short |
| BingX ARB-USDC | −0.022% | +0.0100% | 8h | — | $6.5M | — | as long as short |
| Aster ARBUSDT | −0.010% | +0.0100% | 8h | $708K | $1.8M | 20x | as long as short |
| Bybit ARBUSDT | −0.009% | −0.0096% | 8h | $56.7M | $131.1M | 50x | as long as short |
| HTX ARB-USDT | −0.004% | +0.0100% | 8h | $273K | $1.1M | 50x | as long as short |
| Bitget ARBUSDT | 0.000% | +0.0100% | 8h | $20.8M | $39.1M | 50x | as long as short |
| Deribit ARB_USDC-PERPETUALlong | 0.000% | 0.0000% | 1h | $39K | $16K | 25x | |
| Coinbase International ARB-PERP-INTX | 0.000% | +0.0432% | 1h | $523K | $2.5M | 50x | as long as short |
| OKX ARB-USDT-SWAP | +0.009% | +0.0005% | 8h | $23.2M | $165.5M | 50x | as long as short |
| 01 Exchange ARBUSD | +0.013% | −0.0200% | 1h | $7K | $2K | 10x | as long as short |
| Aevo ARB-PERP | +0.022% | +0.0104% | 1h | $150K | $9K | 3x | as long as short |
| Binance ARBUSDT | +0.025% | +0.0100% | 8h | $63.0M | $318.6M | 75x | as long as short |
| Reya ARBRUSDPERP | +0.028% | +0.0292% | 1h | $2K | $695 | 20x | as long as short |
| KuCoin ARBUSDTM | +0.031% | +0.0100% | 8h | $20.5M | $17.8M | 75x | as long as short |
| Polymarket Perps ARB-USD | +0.031% | −0.0157% | 1h | $70K | $2.3M | 10x | as long as short |
| MEXC ARB_USDT | +0.045% | +0.0005% | 8h | $41.1M | $63.9M | 200x | as long as short |
| Orderly PERP_ARB_USDC | +0.045% | +0.0015% | 8h | $10K | $378K | 10x | as long as short |
| SunX ARB-USDT | +0.045% | +0.0100% | 8h | $2K | $1.1M | 30x | as long as short |
| Kraken Futures PF_ARBUSD | +0.047% | −0.0244% | 1h | $1.1M | $5.0M | 50x | as long as short |
| Gate ARB_USDT | +0.049% | +0.0100% | 8h | $5.4M | $21.3M | 60x | as long as short |
| GMX ARB/USD [ARB-USDC] | +0.068% | L +0.0301% / S −0.0270% | 1h | $714K | — | 150x | as long as short |
| gTrade (Gains Network) ARB/USD | +0.084% | L +0.0005% / S −0.0006% | 1h | $58K | — | 150x | as long as short |
| RISEx ARB/USDC | +0.096% | +0.0519% | 1h | $413K | $3.0M | 10x | as long as short |
| Backpack ARB_USDC_PERP | +0.120% | +0.0484% | 1h | $960K | $3.0M | 20x | as long as short |
| Hyperliquid ARB | +0.183% | +0.0180% | 1h | $41.6M | $49.2M | 10x | as long as short |