Spread before costs (cost unknown: a leg has no order-book sample)−0.043%
7d average+0.008%if it closes, per $10,000$4funding while held, a day+$3.66
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_ARB_USDC | 0.2310 | −0.0022 | get 0.0022% / 8h | 2m 53s | $11K | $343K | 10x |
| Short | Phemex ARBUSDT | 0.2309 | 0.0100 | get 0.0100% / 8h | 2m 53s | $5.8M | $14.6M | 50x |
Orderly PERP_ARB_USDC
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
- −$4.33
- Funding while held
- $3.66
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$18.67
- Spread needed to break even
- 0.180%
Slippage unknown: Orderly: no order-book sample; Phemex: live order book, 3 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0122%
- Per $10,000 a day
- +$3.66
- 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 Phemex live order book, 3 min ago | 8.68 bp | 19.7 bp −$20 | 30.4 bp −$304 | doesn't fit | 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.Injective0.2294cheapestApeX Omni0.2298+0.174%Variational Omni0.2305+0.477%dYdX0.2306+0.506%Pacifica0.2306+0.517%edgeX0.2307+0.554%MEXC0.2307+0.584%Extended0.2308+0.600%SoDEX0.2308+0.606%Bybit0.2308+0.610%Bitget0.2308+0.610%Reya0.2308+0.627%OKX0.2308+0.628%Aster0.2309+0.641%BingX0.2309+0.645%Gate0.2309+0.650%01 Exchange0.2309+0.654%Coinbase International0.2309+0.654%
Injective
ApeX Omni
Variational Omni
dYdX
Pacifica
MEXC
Extended
SoDEX
Bybit
Bitget
Reya
OKX
Aster
BingX
Gate
Coinbase InternationalPhemex0.2309+0.654%
Binance0.2309+0.663%Polymarket Perps0.2309+0.671%Lighter0.2309+0.676%BloFin0.2310+0.689%
Binance
Polymarket Perps
Lighter
BloFinOrderly0.2310+0.697%
SunX0.2310+0.697%HTX0.2310+0.697%KuCoin0.2310+0.702%Kraken Futures0.2311+0.749%RISEx0.2311+0.751%Deribit0.2311+0.759%GMX0.2312+0.768%gTrade (Gains Network)0.2312+0.780%Aevo0.2312+0.791%Hyperliquid0.2313+0.806%Backpack0.2313+0.824%
SunX
HTX
KuCoin
Kraken Futures
RISEx
Deribit
GMX
gTrade (Gains Network)
Aevo
Hyperliquid
BackpackARB on 35 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective ARB/USDC PERP | −0.693% | −0.1425% | 1h | $59K | $249K | 12x | as long as short |
| ApeX Omni ARBUSDT | −0.519% | +0.0100% | 1h | $129K | $262K | 50x | as long as short |
| Variational Omni ARB | −0.219% | +0.0100% | 8h | $1.9M | $3.3M | — | as long as short |
| dYdX ARB-USD | −0.190% | 0.0000% | 1h | $69K | $4K | 10x | as long as short |
| Pacifica ARB | −0.179% | +0.0100% | 1h | $49K | $228K | 10x | as long as short |
| edgeX ARBUSDC | −0.143% | +0.0100% | 4h | $40K | $465K | 20x | as long as short |
| MEXC ARB_USDT | −0.113% | +0.0028% | 8h | $35.9M | $61.8M | 200x | as long as short |
| Extended ARB-USD | −0.097% | +0.0104% | 1h | $373K | $2.4M | 25x | as long as short |
| SoDEX ARB-USD | −0.091% | −0.0011% | 1h | $5K | $2.9M | 5x | as long as short |
| Bybit ARBUSDT | −0.087% | +0.0100% | 8h | $58.7M | $131.2M | 50x | as long as short |
Show all 35 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Bitget ARBUSDT | −0.087% | +0.0100% | 8h | $21.4M | $39.4M | 50x | as long as short |
| Reya ARBRUSDPERP | −0.070% | +0.0292% | 1h | $2K | $695 | 20x | as long as short |
| OKX ARB-USDT-SWAP | −0.069% | +0.0026% | 8h | $23.9M | $179.3M | 50x | as long as short |
| Aster ARBUSDT | −0.056% | +0.0100% | 8h | $705K | $2.2M | 20x | as long as short |
| BingX ARB-USDT | −0.052% | +0.0100% | 8h | — | $53.3M | — | as long as short |
| Gate ARB_USDT | −0.048% | +0.0100% | 8h | $5.5M | $21.5M | 60x | as long as short |
| 01 Exchange ARBUSD | −0.043% | −0.0040% | 1h | $7K | $2K | 10x | as long as short |
| Coinbase International ARB-PERP-INTX | −0.043% | +0.0520% | 1h | $526K | $2.5M | 50x | as long as short |
| Phemex ARBUSDTshort | −0.043% | +0.0100% | 8h | $5.8M | $14.6M | 50x | |
| Binance ARBUSDT | −0.034% | +0.0100% | 8h | $65.7M | $324.3M | 75x | as long as short |
| Polymarket Perps ARB-USD | −0.026% | +0.0100% | 1h | $63K | $2.5M | 10x | as long as short |
| Lighter ARB | −0.022% | +0.0096% | 1h | $1.6M | $7.3M | 15x | as long as short |
| BloFin ARB-USDT | −0.009% | +0.0220% | 8h | $3.2M | $3.2M | 75x | as long as short |
| Orderly PERP_ARB_USDClong | 0.000% | −0.0022% | 8h | $11K | $343K | 10x | |
| SunX ARB-USDT | 0.000% | +0.0100% | 8h | $2K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | 0.000% | +0.0100% | 8h | $281K | $1.2M | 50x | as long as short |
| KuCoin ARBUSDTM | +0.004% | +0.0100% | 8h | $20.5M | $18.4M | 75x | as long as short |
| Kraken Futures PF_ARBUSD | +0.051% | +0.0438% | 1h | $1.1M | $4.9M | 50x | as long as short |
| RISEx ARB/USDC | +0.053% | +0.0037% | 1h | $423K | $3.3M | 10x | as long as short |
| Deribit ARB_USDC-PERPETUAL | +0.061% | 0.0000% | 1h | $40K | $16K | 25x | as long as short |
| GMX ARB/USD [ARB-USDC] | +0.070% | L +0.0264% / S −0.0178% | 1h | $737K | — | 150x | as long as short |
| gTrade (Gains Network) ARB/USD | +0.082% | L +0.0005% / S −0.0005% | 1h | $34K | — | 150x | as long as short |
| Aevo ARB-PERP | +0.093% | +0.0104% | 1h | $154K | $9K | 3x | as long as short |
| Hyperliquid ARB | +0.108% | +0.0284% | 1h | $42.3M | $49.6M | 10x | as long as short |
| Backpack ARB_USDC_PERP | +0.126% | +0.0653% | 1h | $989K | $3.0M | 20x | as long as short |