Spread before costs (cost unknown: a leg has no order-book sample)+0.049%
7d average—if it closes, per $10,000$5funding while held, a day+$5.75
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex ARBUSDT | 0.2264 | 0.0100 | pay 0.0100% / 8h | 6h 53m | $5.5M | $14.3M | 50x |
| Short | Reya ARBRUSDPERP | 0.2265 | 0.0292 | get 0.0036% / 1h | 53m 08s | $2K | $695 | 20x |
Phemex ARBUSDT
Reya ARBRUSDPERPPrice 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
- $4.9
- Funding while held
- $5.75
- Slippage, 4 orders
- no order book: not counted
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Reya: 3 bp × 2 orders
- −$6
- Net
- −$7.34
- Spread needed to break even
- 0.180%
Slippage unknown: Phemex: live order book, 2 min ago; Reya: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0192%
- Per $10,000 a day
- +$5.75
- 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, 2 min ago | 8.86 bp | 20.0 bp −$20 | 35.3 bp −$353 | doesn't fit | doesn't fit |
| Sell Reya no order-book sample | — | — | — | — | — |
Reya: 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.Injective0.2255cheapestVariational Omni0.2256+0.024%edgeX0.2256+0.025%ApeX Omni0.2257+0.089%
Injective
Variational Omni
ApeX OmniPhemex0.2264+0.399%
Coinbase International0.2265+0.439%Pacifica0.2265+0.443%
Coinbase International
PacificaReya0.2265+0.448%
Polymarket Perps0.2265+0.457%MEXC0.2266+0.488%BingX0.2266+0.488%Bybit0.2266+0.497%BloFin0.2266+0.501%01 Exchange0.2267+0.519%HTX0.2267+0.519%Extended0.2267+0.526%dYdX0.2267+0.537%Binance0.2267+0.537%OKX0.2267+0.541%SoDEX0.2267+0.541%Aster0.2267+0.546%Gate0.2268+0.559%GMX0.2268+0.567%Lighter0.2268+0.576%Bitget0.2268+0.576%Orderly0.2268+0.576%gTrade (Gains Network)0.2268+0.585%RISEx0.2269+0.601%Kraken Futures0.2269+0.605%KuCoin0.2269+0.608%Deribit0.2269+0.608%SunX0.2269+0.621%Aevo0.2269+0.628%Hyperliquid0.2270+0.674%Backpack0.2271+0.710%
Polymarket Perps
MEXC
BingX
Bybit
BloFin
HTX
Extended
dYdX
Binance
OKX
SoDEX
Aster
Gate
GMX
Lighter
Bitget
Orderly
gTrade (Gains Network)
RISEx
Kraken Futures
KuCoin
Deribit
SunX
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 | −0.398% | −0.1630% | 1h | $58K | $138K | 12x | as long as short |
| Variational Omni ARB | −0.373% | +0.0087% | 8h | $1.8M | $3.3M | — | as long as short |
| edgeX ARBUSDC | −0.372% | +0.0100% | 4h | $39K | $466K | 20x | as long as short |
| ApeX Omni ARBUSDT | −0.309% | −0.0255% | 1h | $127K | $260K | 50x | as long as short |
| Phemex ARBUSDTlong | 0.000% | +0.0100% | 8h | $5.5M | $14.3M | 50x | |
| Coinbase International ARB-PERP-INTX | +0.040% | +0.0432% | 1h | $525K | $2.5M | 50x | as long as short |
| Pacifica ARB | +0.044% | +0.0100% | 1h | $48K | $218K | 10x | as long as short |
| Reya ARBRUSDPERPshort | +0.049% | +0.0292% | 1h | $2K | $695 | 20x | |
| Polymarket Perps ARB-USD | +0.057% | −0.0250% | 1h | $68K | $2.5M | 10x | as long as short |
| MEXC ARB_USDT | +0.088% | −0.0001% | 8h | $41.1M | $61.9M | 200x | as long as short |
Show all 35 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| BingX ARB-USDC | +0.088% | +0.0100% | 8h | — | $6.5M | — | as long as short |
| Bybit ARBUSDT | +0.097% | −0.0153% | 8h | $56.8M | $131.4M | 50x | as long as short |
| BloFin ARB-USDT | +0.102% | +0.0220% | 8h | $3.1M | $3.2M | 75x | as long as short |
| 01 Exchange ARBUSD | +0.119% | −0.0256% | 1h | $7K | $2K | 10x | as long as short |
| HTX ARB-USDT | +0.119% | +0.0100% | 8h | $276K | $1.2M | 50x | as long as short |
| Extended ARB-USD | +0.127% | +0.0104% | 1h | $367K | $2.4M | 25x | as long as short |
| dYdX ARB-USD | +0.137% | 0.0000% | 1h | $68K | $4K | 10x | as long as short |
| Binance ARBUSDT | +0.137% | +0.0100% | 8h | $63.9M | $319.4M | 75x | as long as short |
| OKX ARB-USDT-SWAP | +0.141% | −0.0001% | 8h | $23.5M | $171.1M | 50x | as long as short |
| SoDEX ARB-USD | +0.141% | −0.0010% | 1h | $5K | $2.9M | 5x | as long as short |
| Aster ARBUSDT | +0.146% | +0.0100% | 8h | $718K | $2.1M | 20x | as long as short |
| Gate ARB_USDT | +0.159% | +0.0044% | 8h | $5.5M | $20.8M | 60x | as long as short |
| GMX ARB/USD [ARB-USDC] | +0.167% | L +0.0287% / S −0.0240% | 1h | $717K | — | 150x | as long as short |
| Lighter ARB | +0.177% | +0.0096% | 1h | $1.4M | $7.5M | 15x | as long as short |
| Bitget ARBUSDT | +0.177% | +0.0100% | 8h | $21.0M | $39.3M | 50x | as long as short |
| Orderly PERP_ARB_USDC | +0.177% | +0.0005% | 8h | $10K | $376K | 10x | as long as short |
| gTrade (Gains Network) ARB/USD | +0.186% | L +0.0005% / S −0.0005% | 1h | $59K | — | 150x | as long as short |
| RISEx ARB/USDC | +0.201% | +0.0519% | 1h | $411K | $3.0M | 10x | as long as short |
| Kraken Futures PF_ARBUSD | +0.205% | −0.0242% | 1h | $1.1M | $4.9M | 50x | as long as short |
| KuCoin ARBUSDTM | +0.208% | +0.0100% | 8h | $20.8M | $18.0M | 75x | as long as short |
| Deribit ARB_USDC-PERPETUAL | +0.208% | 0.0000% | 1h | $39K | $16K | 25x | as long as short |
| SunX ARB-USDT | +0.221% | +0.0100% | 8h | $1K | $1.1M | 30x | as long as short |
| Aevo ARB-PERP | +0.228% | +0.0104% | 1h | $151K | $9K | 3x | as long as short |
| Hyperliquid ARB | +0.274% | +0.0100% | 1h | $41.9M | $48.3M | 10x | as long as short |
| Backpack ARB_USDC_PERP | +0.309% | +0.0284% | 1h | $933K | $2.9M | 20x | as long as short |