Volume Monitor
Live crypto data · 8 exchanges

ARB: what happens after a volume spike?

Every ARB volume spike this site detects is followed up: the price 5 minutes, 15 minutes and 1 hour later is compared with the price at the spike. The tables count how often price kept going in the spike's direction (the hit rate) and how far, by exchange and by buy or sell side, with every figure's sample size. Past outcomes, not a forecast.

Across 54 buy- and sell-side ARB volume spikes with a 1-hour outcome (27 Sep 2026), price an hour later had moved in the spike's direction 46.3% of the time; the median follow-through was -0.13% (middle half -0.67% to +0.63%). After 15 minutes the hit rate was 50.8% over 61 spikes (median +0.00%). Buy-side spikes: 55.6% hit after 1 hour (n = 18); sell-side: 41.7% (n = 36).

Last 30 days73 ARB volume spikes27 Sep 2026Descriptive stats, not a signalAs of 19:27 UTC

Hit rate +5m
35.5%
median -0.09%n = 62
Hit rate +15m
50.8%
median +0.00%n = 61
Hit rate +1h
46.3%
median -0.13%n = 54
ARB volume spikes 30d
73
11 mixed (no side)27 Sep 2026

All ARB spikes · Last 30 days

73 volume spikes, 27 Sep 2026 (UTC)
After Spikes measured Hit rate Lower quartile Median Upper quartile Mean Date range (UTC)
5 min 62 35.5% -0.21% -0.09% +0.13% -0.03% 27 Sep 2026
15 min 61 50.8% -0.32% +0.00% +0.39% +0.01% 27 Sep 2026
1 hour 54 46.3% -0.67% -0.13% +0.63% -0.00% 27 Sep 2026

ARB by exchange

27 Sep 2026 (UTC)
+5m +15m +1h
Hit rate Median Hit rate Median Hit rate Median
Binance 30.3%n = 33 -0.09%-0.20% … +0.09% 46.9%n = 32 -0.04%-0.35% … +0.24% 42.9%n = 28 -0.23%-0.72% … +0.40%
Bybit 40.9%n = 22 -0.06%-0.13% … +0.11% 54.5%n = 22 +0.04%-0.28% … +0.39% 47.4%n = 19 -0.06%-0.62% … +0.59%
Hyperliquid 42.9%n = 7 -0.12%-0.30% … +0.26% 57.1%n = 7 +0.35%-0.21% … +0.47% 57.1%n = 7 +0.07%-0.43% … +1.14%

ARB by direction

27 Sep 2026 (UTC)
+5m +15m +1h
Hit rate Median Hit rate Median Hit rate Median
Buy-side spikesa hit is price up 50.0%n = 22 +0.02%-0.11% … +0.26% 76.2%n = 21 +0.26%+0.02% … +0.54% 55.6%n = 18 +0.30%-0.38% … +1.47%
Sell-side spikesa hit is price down 27.5%n = 40 -0.12%-0.22% … +0.02% 37.5%n = 40 -0.21%-0.34% … +0.13% 41.7%n = 36 -0.27%-0.74% … +0.33%

Last 20 ARB volume spikes

All history, newest first · price change after each spike
Day (UTC) Time Market Side Level × normal $ in 1m +5m +15m +1h
27 Sep 2026 19:20 UTC BIN spot BUY 1 4.6× $74K -0.09% — —
27 Sep 2026 18:52 UTC BYB perp SELL 2 7.4× $178K +0.02% -0.45% —
27 Sep 2026 18:52 UTC BIN spot SELL 1 5.8× $69K -0.04% -0.39% —
27 Sep 2026 18:46 UTC HL perp MIX 3 18.3× $89K +0.43% +0.24% —
27 Sep 2026 18:45 UTC BIN spot BUY 2 7.7× $78K +0.53% +0.53% —
27 Sep 2026 18:43 UTC BYB perp BUY 1 4.7× $106K +0.29% +0.75% —
27 Sep 2026 18:35 UTC BIN perp SELL 2 5.8× $469K +0.26% +0.91% —
27 Sep 2026 18:35 UTC BIN spot SELL 1 4.3× $36K +0.22% +0.88% —
27 Sep 2026 18:32 UTC BYB perp BUY 1 4.6× $77K -0.46% -0.01% —
27 Sep 2026 18:24 UTC BIN perp SELL 1 5.7× $240K +0.14% -0.10% +1.30%
27 Sep 2026 18:24 UTC BIN spot MIX 2 10.6× $76K +0.13% -0.09% +1.28%
27 Sep 2026 18:18 UTC HL perp SELL 3 28.1× $94K +0.21% +0.91% +1.07%
27 Sep 2026 18:18 UTC BIN perp SELL 3 9.8× $382K +0.10% +0.81% +1.02%
27 Sep 2026 18:18 UTC BIN spot BUY 1 7.5× $54K +0.09% +0.80% +0.97%
27 Sep 2026 18:16 UTC BYB perp SELL 1 5.4× $78K +0.21% +0.43% +1.51%
27 Sep 2026 18:12 UTC BIN spot MIX 1 7.0× $49K 0.00% +0.18% +0.75%
27 Sep 2026 18:11 UTC BYB perp SELL 3 10.9× $105K +0.11% +0.32% +1.08%
27 Sep 2026 18:11 UTC BIN perp SELL 1 6.3× $234K +0.12% +0.34% +1.06%
27 Sep 2026 18:06 UTC HL perp BUY 3 137.5× $445K +0.46% +0.80% +1.45%
27 Sep 2026 18:06 UTC BYB perp BUY 3 19.2× $169K +0.52% +0.84% +1.48%

+5m / +15m / +1h: the raw price change after each spike (not signed by side), — until that outcome is recorded. Each day links to that day's spike archive page. Live ARB price, funding and open interest: ARB overview.

Method

Counting. The same volume spikes as the live spike scanner, for markets whose base asset is ARB. For each buy- or sell-side spike, the follow-through at +5m, +15m and +1h is the change from the spike minute's close to the close that many minutes later, with the sign flipped for sell-side spikes; a hit is a follow-through above zero. Mixed spikes (11 in this window) are left out of hit rates, medians and quartiles. HIP-3 markets (Hyperliquid builder perps such as stock tickers) are shown apart from Hyperliquid's own perps, since a HIP-3 ticker can share a name with an unrelated coin.

Reading it. Every figure shows its sample size (n) and each table its date range; cells with fewer than 30 spikes are faded. This page is only indexed once ARB has 50 or more spikes with a 1-hour outcome in the last 30 days. These are descriptive statistics of past spikes, before fees, slippage and funding, from a price you could not have traded at. They are not a trading signal and make no claim of an edge. Not financial advice. Compare with spike outcomes for all coins.

ARB spike outcome FAQ

How is the hit rate calculated?

For each buy- or sell-side ARB volume spike we compare the close of the spike minute with the close 5, 15 and 60 minutes later. A buy-side spike is a hit when price went up, a sell-side spike when it went down (exactly unchanged is a miss). Mixed spikes, with no clear taker side, are left out of hit rates, medians and quartiles. The method is the same as on spike outcomes for all coins.

Can I trade on these numbers?

No claim is made that you can. These describe what happened after past spikes, before fees, slippage and funding, measured from a price you could not have traded at. Small samples swing a lot. Nothing here is financial advice.