Spread before costs (cost unknown: a leg has no order-book sample)+0.155%
7d average—if it closes, per $10,000$15funding while held, a day+$11.11
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | gTrade (Gains Network) ARB/USD | 0.2374 | L +0.0005% / S −0.0004% | pay 0.0001% / 1h | 50m 07s | $57K | — | 150x |
| Short | Hyperliquid ARB | 0.2378 | 0.0375 | get 0.0047% / 1h | 50m 07s | $44.4M | $48.7M | 10x |
gTrade (Gains Network) ARB/USD
Hyperliquid 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
- $15.5
- Funding while held
- $11.11
- Slippage, 4 orders
- no order book: not counted
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $7.61
- Spread needed to break even
- 0.190%
Slippage unknown: gTrade (Gains Network): no order-book sample; Hyperliquid: live order book, 5 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0370%
- Per $10,000 a day
- +$11.11
- 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 gTrade (Gains Network) no order-book sample | — | — | — | — | — |
| Sell Hyperliquid live order book, 5 min ago | 1.26 bp | 9.2 bp −$9 | doesn't fit | doesn't fit | doesn't fit |
gTrade (Gains Network): 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.Injective0.2356cheapestedgeX0.2360+0.154%ApeX Omni0.2360+0.170%Variational Omni0.2366+0.439%BloFin0.2369+0.565%Aster0.2372+0.661%Reya0.2372+0.672%Pacifica0.2373+0.715%Bybit0.2374+0.743%RISEx0.2374+0.745%GMX0.2374+0.751%Gate0.2374+0.768%MEXC0.2374+0.768%Extended0.2374+0.769%
Injective
ApeX Omni
Variational Omni
BloFin
Aster
Reya
Pacifica
Bybit
RISEx
GMX
Gate
MEXC
ExtendedgTrade (Gains Network)0.2374+0.778%
OKX0.2374+0.781%BingX0.2374+0.781%dYdX0.2375+0.793%Binance0.2375+0.795%Bitget0.2375+0.806%Phemex0.2375+0.806%KuCoin0.2375+0.823%Orderly0.2376+0.849%SoDEX0.2376+0.849%Deribit0.2376+0.849%Polymarket Perps0.2376+0.853%HTX0.2376+0.862%Aevo0.2377+0.870%Kraken Futures0.2377+0.880%Lighter0.2377+0.887%Coinbase International0.2377+0.891%
OKX
BingX
dYdX
Binance
Bitget
Phemex
KuCoin
Orderly
SoDEX
Deribit
Polymarket Perps
HTX
Aevo
Kraken Futures
Lighter
Coinbase InternationalHyperliquid0.2378+0.934%
SunX0.2378+0.934%Backpack0.2379+0.989%
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 | −0.772% | −0.1516% | 1h | $60K | $248K | 12x | as long as short |
| edgeX ARBUSDC | −0.619% | +0.0100% | 4h | $40K | $461K | 20x | as long as short |
| ApeX Omni ARBUSDT | −0.603% | −0.0532% | 1h | $134K | $275K | 50x | as long as short |
| Variational Omni ARB | −0.336% | +0.0100% | 8h | $2.0M | $3.4M | — | as long as short |
| BloFin ARB-USDT | −0.211% | +0.0220% | 8h | $3.4M | $3.5M | 75x | as long as short |
| Aster ARBUSDT | −0.116% | +0.0100% | 8h | $716K | $2.2M | 20x | as long as short |
| Reya ARBRUSDPERP | −0.105% | +0.0291% | 1h | $3K | — | 20x | as long as short |
| Pacifica ARB | −0.062% | +0.0100% | 1h | $50K | $256K | 10x | as long as short |
| Bybit ARBUSDT | −0.035% | +0.0100% | 8h | $59.8M | $133.6M | 50x | as long as short |
| RISEx ARB/USDC | −0.032% | −0.0049% | 1h | $385K | $3.4M | 10x | as long as short |
Show all 34 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| GMX ARB/USD [ARB-USDC] | −0.026% | L +0.0252% / S −0.0158% | 1h | $769K | — | 150x | as long as short |
| Gate ARB_USDT | −0.009% | +0.0100% | 8h | $5.8M | $19.6M | 60x | as long as short |
| MEXC ARB_USDT | −0.009% | −0.0004% | 8h | $37.6M | $57.8M | 200x | as long as short |
| Extended ARB-USD | −0.009% | +0.0104% | 1h | $382K | $2.5M | 25x | as long as short |
| gTrade (Gains Network) ARB/USDlong | 0.000% | L +0.0005% / S −0.0004% | 1h | $57K | — | 150x | |
| OKX ARB-USDT-SWAP | +0.003% | −0.0002% | 8h | $25.0M | $194.2M | 50x | as long as short |
| BingX ARB-USDC | +0.003% | +0.0100% | 8h | — | $6.5M | — | as long as short |
| dYdX ARB-USD | +0.015% | 0.0000% | 1h | $72K | $4K | 10x | as long as short |
| Binance ARBUSDT | +0.017% | +0.0100% | 8h | $68.6M | $328.3M | 75x | as long as short |
| Bitget ARBUSDT | +0.029% | +0.0100% | 8h | $22.1M | $39.1M | 50x | as long as short |
| Phemex ARBUSDT | +0.029% | +0.0100% | 8h | $5.8M | $15.4M | 50x | as long as short |
| KuCoin ARBUSDTM | +0.045% | +0.0100% | 8h | $20.1M | $19.6M | 75x | as long as short |
| Orderly PERP_ARB_USDC | +0.071% | −0.0044% | 8h | $12K | $295K | 10x | as long as short |
| SoDEX ARB-USD | +0.071% | +0.0100% | 1h | $4K | $2.9M | 5x | as long as short |
| Deribit ARB_USDC-PERPETUAL | +0.071% | 0.0000% | 1h | $39K | $19K | 25x | as long as short |
| Polymarket Perps ARB-USD | +0.075% | +0.0100% | 1h | $67K | $2.8M | 10x | as long as short |
| HTX ARB-USDT | +0.083% | +0.0100% | 8h | $291K | $1.3M | 50x | as long as short |
| Aevo ARB-PERP | +0.092% | +0.0104% | 1h | $159K | $9K | 3x | as long as short |
| Kraken Futures PF_ARBUSD | +0.102% | +0.0365% | 1h | $1.3M | $4.9M | 50x | as long as short |
| Lighter ARB | +0.109% | +0.0640% | 1h | $1.8M | $7.1M | 15x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.113% | +0.0520% | 1h | $580K | $2.5M | 50x | as long as short |
| Hyperliquid ARBshort | +0.155% | +0.0375% | 1h | $44.4M | $48.7M | 10x | |
| SunX ARB-USDT | +0.155% | +0.0100% | 8h | $2K | $1.1M | 30x | as long as short |
| Backpack ARB_USDC_PERP | +0.210% | +0.0702% | 1h | $1.0M | $2.9M | 20x | as long as short |