A man has been arrested while another is fighting for life in hospital after he was stabbed once in the chest during an argument in a Logan home overnight.

Police were called to the Wagensveldt Street residence in Slacks Creek just after 8.30pm on Wednesday, where the two men were fighting.

Paramedics treated a 23-year-old man at the scene for a stab wound and took him to the Princess Alexandra Hospital in a critical condition.

A 26-year-old man was arrested in Carina Heights and was interviewed by investigators overnight but no charges had been laid on Thursday morning.