<div class="centered">
  <div class="container">
    <div class="arrow">
      <div class="filler"></div>
    </div>
    <div class="content">
      <p>EXIT</p>
    </div>
  </div>
</div>

html,
body {
  width: 100%;
  height: 100%;
}

.centered {
  width: 100%;
  height: 100%;
  display: flex;
  justify-content: center;
  align-items: center;
  background-color: black;
}

.container {
  width: 300px;
  height: 150px;
  position: relative;
  clip-path: polygon(
    0% 20%,
    60% 20%,
    60% 0%,
    100% 50%,
    60% 100%,
    60% 80%,
    0% 80%
  );
}

.container:hover .arrow {
  padding-left: 100%;
}

.container:hover .content p {
  color: darkcyan;
}

.arrow {
  background-color: cyan;
  width: 100%;
  height: 100%;
  padding-left: 0px;
  transition: all 0.5s;
}

.filler {
  background-color: darkcyan;
  width: 100%;
  height: 100%;
}

.content {
  width: 100%;
  height: 100%;
  position: absolute;
  top: 0;
  right: 18px;
  display: flex;
  justify-content: center;
  align-items: center;
  background-color: transparent;
}

.content p {
  transition: color 0.6s;
  color: cyan;
  font-family: sans-serif;
  font-size: 60px;
}