Spread before costs (cost unknown: a leg has no order-book sample)+0.059%
7d average+0.005%if it closes, per $10,000$6funding while held, a day+$15.93
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_ARB_USDC | 0.2374 | −0.0043 | get 0.0043% / 8h | 1h 47m | $12K | $297K | 10x |
| Short | Lighter ARB | 0.2375 | 0.0488 | get 0.0061% / 1h | 47m 14s | $1.8M | $7.1M | 15x |
Orderly PERP_ARB_USDC
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
- $5.9
- Funding while held
- $15.93
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $15.83
- Spread needed to break even
- 0.060%
Slippage unknown: Orderly: no order-book sample; Lighter: live order book, 8 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0531%
- Per $10,000 a day
- +$15.93
- 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 Orderly no order-book sample | — | — | — | — | — |
| Sell Lighter live order book, 8 min ago | 2.95 bp | 13.0 bp −$13 | 24.9 bp −$249 | 101.5 bp −$10.1K | doesn't fit |
Orderly: 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.Injective0.2362cheapestVariational Omni0.2366+0.184%edgeX0.2367+0.205%ApeX Omni0.2368+0.254%Extended0.2372+0.429%BloFin0.2373+0.449%Bybit0.2373+0.461%Bitget0.2373+0.466%SoDEX0.2373+0.483%
Injective
Variational Omni
ApeX Omni
Extended
BloFin
Bybit
Bitget
SoDEXOrderly0.2374+0.508%
Deribit0.2374+0.508%gTrade (Gains Network)0.2374+0.511%OKX0.2374+0.517%GMX0.2375+0.531%Pacifica0.2375+0.541%dYdX0.2375+0.550%MEXC0.2375+0.550%Reya0.2375+0.552%Kraken Futures0.2375+0.553%Binance0.2375+0.559%Gate0.2375+0.563%BingX0.2375+0.563%
Deribit
gTrade (Gains Network)
OKX
GMX
Pacifica
dYdX
MEXC
Reya
Kraken Futures
Binance
Gate
BingXLighter0.2375+0.567%
Aevo0.2376+0.575%Phemex0.2376+0.593%Backpack0.2376+0.597%HTX0.2376+0.610%Aster0.2378+0.658%RISEx0.2378+0.688%Polymarket Perps0.2379+0.711%KuCoin0.2379+0.724%SunX0.2380+0.762%Hyperliquid0.2382+0.868%Coinbase International0.2385+0.978%
Aevo
Phemex
Backpack
HTX
Aster
RISEx
Polymarket Perps
KuCoin
SunX
Hyperliquid
Coinbase InternationalARB on 34 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective ARB/USDC PERP | −0.505% | −0.1516% | 1h | $61K | $248K | 12x | as long as short |
| Variational Omni ARB | −0.322% | +0.0100% | 8h | $2.0M | $3.4M | — | as long as short |
| edgeX ARBUSDC | −0.301% | +0.0100% | 4h | $40K | $461K | 20x | as long as short |
| ApeX Omni ARBUSDT | −0.253% | −0.0274% | 1h | $135K | $275K | 50x | as long as short |
| Extended ARB-USD | −0.079% | +0.0104% | 1h | $382K | $2.5M | 25x | as long as short |
| BloFin ARB-USDT | −0.059% | +0.0220% | 8h | $3.4M | $3.5M | 75x | as long as short |
| Bybit ARBUSDT | −0.046% | +0.0100% | 8h | $59.7M | $133.6M | 50x | as long as short |
| Bitget ARBUSDT | −0.042% | +0.0100% | 8h | $22.0M | $39.1M | 50x | as long as short |
| SoDEX ARB-USD | −0.025% | +0.0100% | 1h | $4K | $2.9M | 5x | as long as short |
| Orderly PERP_ARB_USDClong | 0.000% | −0.0043% | 8h | $12K | $297K | 10x |
Show all 34 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Deribit ARB_USDC-PERPETUAL | 0.000% | −0.0087% | 1h | $39K | $19K | 25x | as long as short |
| gTrade (Gains Network) ARB/USD | +0.003% | L +0.0005% / S −0.0004% | 1h | $57K | — | 150x | as long as short |
| OKX ARB-USDT-SWAP | +0.008% | +0.0002% | 8h | $25.0M | $193.9M | 50x | as long as short |
| GMX ARB/USD [ARB-USDC] | +0.023% | L +0.0253% / S −0.0158% | 1h | $770K | — | 150x | as long as short |
| Pacifica ARB | +0.033% | +0.0100% | 1h | $49K | $254K | 10x | as long as short |
| dYdX ARB-USD | +0.042% | 0.0000% | 1h | $72K | $4K | 10x | as long as short |
| MEXC ARB_USDT | +0.042% | 0.0000% | 8h | $37.8M | $57.9M | 200x | as long as short |
| Reya ARBRUSDPERP | +0.044% | +0.0291% | 1h | $3K | — | 20x | as long as short |
| Kraken Futures PF_ARBUSD | +0.045% | +0.0365% | 1h | $1.3M | $4.9M | 50x | as long as short |
| Binance ARBUSDT | +0.051% | +0.0100% | 8h | $68.5M | $328.0M | 75x | as long as short |
| Gate ARB_USDT | +0.055% | +0.0100% | 8h | $5.8M | $19.7M | 60x | as long as short |
| BingX ARB-USDC | +0.055% | +0.0100% | 8h | — | $6.5M | — | as long as short |
| Lighter ARBshort | +0.059% | +0.0488% | 1h | $1.8M | $7.1M | 15x | |
| Aevo ARB-PERP | +0.067% | +0.0104% | 1h | $158K | $9K | 3x | as long as short |
| Phemex ARBUSDT | +0.084% | +0.0100% | 8h | $5.8M | $15.4M | 50x | as long as short |
| Backpack ARB_USDC_PERP | +0.088% | +0.0754% | 1h | $998K | $2.9M | 20x | as long as short |
| HTX ARB-USDT | +0.101% | +0.0100% | 8h | $292K | $1.3M | 50x | as long as short |
| Aster ARBUSDT | +0.149% | +0.0100% | 8h | $718K | $2.2M | 20x | as long as short |
| RISEx ARB/USDC | +0.179% | −0.0049% | 1h | $386K | $3.4M | 10x | as long as short |
| Polymarket Perps ARB-USD | +0.202% | +0.0100% | 1h | $67K | $2.8M | 10x | as long as short |
| KuCoin ARBUSDTM | +0.215% | +0.0100% | 8h | $20.2M | $19.6M | 75x | as long as short |
| SunX ARB-USDT | +0.253% | +0.0100% | 8h | $2K | $1.1M | 30x | as long as short |
| Hyperliquid ARB | +0.358% | +0.0387% | 1h | $44.4M | $48.8M | 10x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.468% | +0.0520% | 1h | $582K | $2.5M | 50x | as long as short |