After costs, if the gap returns to its 7d average, $10k−$79
spread now−0.056%7d average−0.048%fees + slippage, in and out−$79spread needed0.786%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_ARBUSD | 0.2316 | 0.0437 | pay 0.0055% / 1h | 1m 14s | $1.1M | $4.9M | 50x |
| Short | Phemex ARBUSDT | 0.2315 | 0.0100 | get 0.0100% / 8h | 1m 14s | $5.8M | $14.6M | 50x |
Kraken Futures PF_ARBUSD
Phemex ARBUSDTPrice 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
- −$5.58
- Funding while held
- −$10.11
- Slippage, 4 orders
- −$56.61
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$94.31
- Spread needed to break even
- 0.786%
Slippage from Kraken Futures: live order book, 4 min ago; Phemex: live order book, 4 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0337%
- Per $10,000 a day
- −$10.11
- 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 Kraken Futures live order book, 4 min ago | 6.28 bp | 13.6 bp −$14 | 21.5 bp −$215 | 913.1 bp −$91.3K | doesn't fit |
| Sell Phemex live order book, 4 min ago | 8.68 bp | 19.7 bp −$20 | 30.4 bp −$304 | doesn't fit | doesn't fit |
ARB price on every exchange
against the cheapest. Click to use as the short leg.Injective0.2294cheapestVariational Omni0.2305+0.477%edgeX0.2307+0.554%ApeX Omni0.2309+0.654%Bybit0.2312+0.780%Binance0.2314+0.852%Lighter0.2314+0.867%OKX0.2314+0.876%Backpack0.2314+0.885%Extended0.2315+0.895%MEXC0.2315+0.898%BloFin0.2315+0.907%Reya0.2315+0.911%
Injective
Variational Omni
ApeX Omni
Bybit
Binance
Lighter
OKX
Backpack
Extended
MEXC
BloFin
ReyaPhemex0.2315+0.915%
SoDEX0.2315+0.920%BingX0.2315+0.929%Aster0.2316+0.947%Pacifica0.2316+0.951%Gate0.2316+0.955%Bitget0.2316+0.959%Orderly0.2316+0.959%
SoDEX
BingX
Aster
Pacifica
Gate
Bitget
OrderlyKraken Futures0.2316+0.972%
HTX0.2316+0.972%Deribit0.2317+0.985%KuCoin0.2317+0.990%Polymarket Perps0.2317+0.990%GMX0.2317+1.011%Aevo0.2317+1.016%01 Exchange0.2318+1.024%dYdX0.2318+1.033%gTrade (Gains Network)0.2318+1.033%SunX0.2318+1.046%Coinbase International0.2318+1.046%Hyperliquid0.2319+1.107%RISEx0.2320+1.118%
HTX
Deribit
KuCoin
Polymarket Perps
GMX
Aevo
dYdX
gTrade (Gains Network)
SunX
Coinbase International
Hyperliquid
RISExARB on 35 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective ARB/USDC PERP | −0.962% | −0.1425% | 1h | $59K | $249K | 12x | as long as short |
| Variational Omni ARB | −0.490% | +0.0100% | 8h | $1.9M | $3.3M | — | as long as short |
| edgeX ARBUSDC | −0.414% | +0.0100% | 4h | $40K | $465K | 20x | as long as short |
| ApeX Omni ARBUSDT | −0.315% | +0.0100% | 1h | $130K | $262K | 50x | as long as short |
| Bybit ARBUSDT | −0.190% | +0.0100% | 8h | $58.7M | $131.3M | 50x | as long as short |
| Binance ARBUSDT | −0.119% | +0.0100% | 8h | $65.8M | $324.2M | 75x | as long as short |
| Lighter ARB | −0.103% | +0.0096% | 1h | $1.6M | $7.3M | 15x | as long as short |
| OKX ARB-USDT-SWAP | −0.095% | +0.0024% | 8h | $24.0M | $179.8M | 50x | as long as short |
| Backpack ARB_USDC_PERP | −0.086% | +0.0652% | 1h | $990K | $3.0M | 20x | as long as short |
| Extended ARB-USD | −0.076% | +0.0104% | 1h | $375K | $2.4M | 25x | as long as short |
Show all 35 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| MEXC ARB_USDT | −0.073% | +0.0024% | 8h | $37.5M | $62.0M | 200x | as long as short |
| BloFin ARB-USDT | −0.064% | +0.0220% | 8h | $3.2M | $3.3M | 75x | as long as short |
| Reya ARBRUSDPERP | −0.061% | +0.0292% | 1h | $2K | $695 | 20x | as long as short |
| Phemex ARBUSDTshort | −0.056% | +0.0100% | 8h | $5.8M | $14.6M | 50x | |
| SoDEX ARB-USD | −0.051% | +0.0001% | 1h | $5K | $2.9M | 5x | as long as short |
| BingX ARB-USDT | −0.043% | +0.0100% | 8h | — | $53.3M | — | as long as short |
| Aster ARBUSDT | −0.024% | +0.0100% | 8h | $707K | $2.1M | 20x | as long as short |
| Pacifica ARB | −0.021% | +0.0100% | 1h | $49K | $228K | 10x | as long as short |
| Gate ARB_USDT | −0.017% | +0.0100% | 8h | $5.6M | $21.5M | 60x | as long as short |
| Bitget ARBUSDT | −0.013% | +0.0100% | 8h | $21.4M | $39.4M | 50x | as long as short |
| Orderly PERP_ARB_USDC | −0.013% | −0.0021% | 8h | $11K | $344K | 10x | as long as short |
| Kraken Futures PF_ARBUSDlong | 0.000% | +0.0437% | 1h | $1.1M | $4.9M | 50x | |
| HTX ARB-USDT | 0.000% | +0.0100% | 8h | $282K | $1.2M | 50x | as long as short |
| Deribit ARB_USDC-PERPETUAL | +0.013% | 0.0000% | 1h | $40K | $16K | 25x | as long as short |
| KuCoin ARBUSDTM | +0.018% | +0.0100% | 8h | $20.5M | $18.4M | 75x | as long as short |
| Polymarket Perps ARB-USD | +0.018% | +0.0100% | 1h | $63K | $2.5M | 10x | as long as short |
| GMX ARB/USD [ARB-USDC] | +0.039% | L +0.0264% / S −0.0179% | 1h | $739K | — | 150x | as long as short |
| Aevo ARB-PERP | +0.044% | +0.0104% | 1h | $155K | $9K | 3x | as long as short |
| 01 Exchange ARBUSD | +0.052% | −0.0040% | 1h | $7K | $2K | 10x | as long as short |
| dYdX ARB-USD | +0.061% | 0.0000% | 1h | $70K | $4K | 10x | as long as short |
| gTrade (Gains Network) ARB/USD | +0.061% | L +0.0005% / S −0.0005% | 1h | $34K | — | 150x | as long as short |
| SunX ARB-USDT | +0.074% | +0.0100% | 8h | $2K | $1.1M | 30x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.074% | +0.0520% | 1h | $528K | $2.5M | 50x | as long as short |
| Hyperliquid ARB | +0.134% | +0.0290% | 1h | $42.5M | $49.6M | 10x | as long as short |
| RISEx ARB/USDC | +0.145% | +0.0037% | 1h | $424K | $3.3M | 10x | as long as short |