After costs, if the gap returns to its 7d average, $10k−$27
spread now+0.381%7d average−0.001%fees + slippage, in and out−$65spread needed0.648%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex ARBUSDT | 0.2387 | 0.0100 | pay 0.0100% / 8h | 2h 32m | $5.7M | $15.5M | 50x |
| Short | Lighter ARB | 0.2396 | 0.0264 | get 0.0033% / 1h | 32m 18s | $1.8M | $6.7M | 15x |
Phemex ARBUSDT
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
- $38.12
- Funding while held
- $4.92
- Slippage, 4 orders
- −$52.83
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$21.79
- Spread needed to break even
- 0.648%
Slippage from Phemex: live order book, 3 min ago; Lighter: live order book, 8 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0164%
- Per $10,000 a day
- +$4.92
- 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 Phemex live order book, 3 min ago | 10.50 bp | 30.0 bp −$30 | 42.0 bp −$420 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 8 min ago | 3.95 bp | 4.7 bp −$5 | 20.5 bp −$205 | 117.7 bp −$11.8K | doesn't fit |
ARB price on every exchange
against the cheapest. Click to use as the short leg.Injective0.2379cheapestedgeX0.2381+0.074%Variational Omni0.2384+0.196%ApeX Omni0.2384+0.210%
Injective
Variational Omni
ApeX OmniPhemex0.2387+0.336%
Extended0.2388+0.385%Kraken Futures0.2388+0.385%OKX0.2388+0.387%HTX0.2388+0.387%Bitget0.2389+0.420%SunX0.2389+0.420%SoDEX0.2389+0.433%Reya0.2389+0.438%Bybit0.2390+0.450%MEXC0.2390+0.450%Gate0.2390+0.454%BingX0.2390+0.458%RISEx0.2390+0.458%Orderly0.2390+0.462%GMX0.2390+0.463%Deribit0.2390+0.471%gTrade (Gains Network)0.2390+0.477%Binance0.2391+0.489%Aster0.2391+0.506%01 Exchange0.2391+0.509%Aevo0.2391+0.511%KuCoin0.2392+0.542%Polymarket Perps0.2392+0.551%Pacifica0.2393+0.581%dYdX0.2393+0.589%BloFin0.2394+0.626%Hyperliquid0.2395+0.664%
Extended
Kraken Futures
OKX
HTX
Bitget
SunX
SoDEX
Reya
Bybit
MEXC
Gate
BingX
RISEx
Orderly
GMX
Deribit
gTrade (Gains Network)
Binance
Aster
Aevo
KuCoin
Polymarket Perps
Pacifica
dYdX
BloFin
HyperliquidLighter0.2396+0.719%
Coinbase International0.2398+0.786%Backpack0.2400+0.866%
Coinbase International
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 | −0.335% | −0.0994% | 1h | $61K | $293K | 12x | as long as short |
| edgeX ARBUSDC | −0.261% | +0.0100% | 4h | $40K | $458K | 20x | as long as short |
| Variational Omni ARB | −0.140% | +0.0100% | 8h | $2.1M | $3.2M | — | as long as short |
| ApeX Omni ARBUSDT | −0.126% | +0.0100% | 1h | $136K | $275K | 50x | as long as short |
| Phemex ARBUSDTlong | 0.000% | +0.0100% | 8h | $5.7M | $15.5M | 50x | |
| Extended ARB-USD | +0.048% | +0.0104% | 1h | $388K | $2.4M | 25x | as long as short |
| Kraken Futures PF_ARBUSD | +0.049% | +0.0709% | 1h | $1.2M | $4.5M | 50x | as long as short |
| OKX ARB-USDT-SWAP | +0.050% | −0.0034% | 8h | $24.9M | $192.6M | 50x | as long as short |
| HTX ARB-USDT | +0.050% | +0.0100% | 8h | $292K | $1.3M | 50x | as long as short |
| Bitget ARBUSDT | +0.084% | +0.0100% | 8h | $22.4M | $38.0M | 50x | as long as short |
Show all 35 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| SunX ARB-USDT | +0.084% | +0.0100% | 8h | $2K | $1.1M | 30x | as long as short |
| SoDEX ARB-USD | +0.096% | +0.0097% | 1h | $4K | $2.8M | 5x | as long as short |
| Reya ARBRUSDPERP | +0.101% | +0.0291% | 1h | $3K | — | 20x | as long as short |
| Bybit ARBUSDT | +0.113% | +0.0100% | 8h | $60.4M | $132.3M | 50x | as long as short |
| MEXC ARB_USDT | +0.113% | −0.0036% | 8h | $37.1M | $56.8M | 200x | as long as short |
| Gate ARB_USDT | +0.117% | +0.0100% | 8h | $5.9M | $20.0M | 60x | as long as short |
| BingX ARB-USDT | +0.121% | +0.0100% | 8h | — | $53.8M | — | as long as short |
| RISEx ARB/USDC | +0.122% | +0.0675% | 1h | $389K | $3.3M | 10x | as long as short |
| Orderly PERP_ARB_USDC | +0.126% | −0.0061% | 8h | $13K | $257K | 10x | as long as short |
| GMX ARB/USD [ARB-USDC] | +0.127% | L +0.0249% / S −0.0160% | 1h | $763K | — | 150x | as long as short |
| Deribit ARB_USDC-PERPETUAL | +0.134% | −0.0085% | 1h | $38K | $17K | 25x | as long as short |
| gTrade (Gains Network) ARB/USD | +0.140% | L +0.0005% / S −0.0005% | 1h | $34K | — | 150x | as long as short |
| Binance ARBUSDT | +0.153% | +0.0100% | 8h | $68.8M | $318.0M | 75x | as long as short |
| Aster ARBUSDT | +0.170% | +0.0100% | 8h | $720K | $2.2M | 20x | as long as short |
| 01 Exchange ARBUSD | +0.172% | +0.0152% | 1h | $8K | $3K | 10x | as long as short |
| Aevo ARB-PERP | +0.174% | +0.0104% | 1h | $160K | $9K | 3x | as long as short |
| KuCoin ARBUSDTM | +0.205% | +0.0100% | 8h | $20.4M | $19.6M | 75x | as long as short |
| Polymarket Perps ARB-USD | +0.214% | +0.0100% | 1h | $61K | $2.8M | 10x | as long as short |
| Pacifica ARB | +0.244% | +0.0100% | 1h | $50K | $256K | 10x | as long as short |
| dYdX ARB-USD | +0.252% | 0.0000% | 1h | $72K | $4K | 10x | as long as short |
| BloFin ARB-USDT | +0.289% | +0.0220% | 8h | $3.4M | $3.3M | 75x | as long as short |
| Hyperliquid ARB | +0.327% | +0.1080% | 1h | $44.4M | $46.7M | 10x | as long as short |
| Lighter ARBshort | +0.381% | +0.0264% | 1h | $1.8M | $6.7M | 15x | |
| Coinbase International ARB-PERP-INTX | +0.448% | +0.0472% | 1h | $588K | $2.5M | 50x | as long as short |
| Backpack ARB_USDC_PERP | +0.528% | +0.1113% | 1h | $987K | $2.7M | 20x | as long as short |