Spread before costs (cost unknown: a leg has no order-book sample)−0.256%
7d average—if it closes, per $10,000$26funding while held, a day−$0.12
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aevo XPL-PERP | 0.1005 | 0.0104 | pay 0.0013% / 1h | 11m 37s | $39K | $5K | 3x |
| Short | Bybit XPLUSDT | 0.1002 | 0.0100 | get 0.0050% / 4h | 11m 37s | $48.8M | $47.6M | 75x |
Aevo XPL-PERP
Bybit XPLUSDTPrice 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
- −$25.57
- Funding while held
- −$0.12
- Slippage, 4 orders
- no order book: not counted
- Fee Aevo: 8 bp × 2 orders
- −$16
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$52.69
- Spread needed to break even
- 0.270%
Slippage unknown: Aevo: no order-book sample; Bybit: live order book, 4 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0004%
- Per $10,000 a day
- −$0.12
- 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 Aevo no order-book sample | — | — | — | — | — |
| Sell Bybit live order book, 4 min ago | 0.50 bp | 17.3 bp −$17 | 49.1 bp −$491 | doesn't fit | doesn't fit |
Aevo: 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.
XPL price on every exchange
against the cheapest. Click to use as the short leg.Reya0.07570cheapest
Lighter0.1002+32.295%
Reya
LighterBybit0.1002+32.414%
Gate0.1003+32.427%dYdX0.1003+32.434%MEXC0.1003+32.441%Paradex0.1003+32.473%Binance0.1003+32.489%KuCoin0.1003+32.493%SunX0.1003+32.493%Extended0.1003+32.494%Pacifica0.1003+32.497%BingX0.1003+32.507%01 Exchange0.1003+32.520%OKX0.1003+32.533%Bitget0.1004+32.573%Variational Omni0.1004+32.581%Nado0.1004+32.583%gTrade (Gains Network)0.1004+32.583%GMX0.1004+32.591%Orderly0.1004+32.612%Polymarket Perps0.1004+32.625%SoDEX0.1004+32.625%Deribit0.1004+32.652%Aster0.1004+32.656%Hyperliquid0.1005+32.731%
Gate
dYdX
MEXC
Paradex
Binance
KuCoin
SunX
Extended
Pacifica
BingX
OKX
Bitget
Variational Omni
Nado
gTrade (Gains Network)
GMX
Orderly
Polymarket Perps
SoDEX
Deribit
Aster
HyperliquidAevo0.1005+32.754%
Backpack0.1005+32.758%Bulk0.1005+32.771%BloFin0.1006+32.824%Kraken Futures0.1006+32.951%Phoenix0.1007+33.022%HTX0.1009+33.273%ApeX Omni0.1009+33.286%Coinbase International0.1015+34.039%
Backpack
Bulk
BloFin
Kraken Futures
Phoenix
HTX
ApeX Omni
Coinbase InternationalXPL on 35 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Reya XPLRUSDPERP | −24.672% | 0.0000% | 1h | — | — | — | as long as short |
| Lighter XPL | −0.345% | −0.0880% | 1h | $4.5M | $4.2M | 10x | as long as short |
| Bybit XPLUSDTshort | −0.256% | +0.0100% | 4h | $48.8M | $47.6M | 75x | |
| Gate XPL_USDT | −0.246% | +0.0100% | 4h | $3.1M | $3.9M | 75x | as long as short |
| dYdX XPL-USD | −0.241% | 0.0000% | 1h | $8K | — | 5x | as long as short |
| MEXC XPL_USDT | −0.236% | +0.0100% | 4h | $14.4M | $7.5M | 100x | as long as short |
| Paradex XPL-USD-PERP | −0.211% | +0.0094% | 8h | $13K | $1K | 5x | as long as short |
| Binance XPLUSDT | −0.199% | +0.0100% | 4h | $46.6M | $93.8M | 75x | as long as short |
| KuCoin XPLUSDTM | −0.196% | +0.0100% | 4h | $2.8M | $1.3M | 50x | as long as short |
| SunX XPL-USDT | −0.196% | +0.0100% | 4h | $2K | $1.9M | 20x | as long as short |
Show all 35 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Extended XPL-USD | −0.196% | +0.0104% | 1h | $652K | $807K | 25x | as long as short |
| Pacifica XPL | −0.193% | +0.0100% | 1h | $227K | $19K | 10x | as long as short |
| BingX XPL-USDT | −0.186% | +0.0100% | 4h | — | $7.9M | — | as long as short |
| 01 Exchange XPLUSD | −0.176% | −0.0152% | 1h | $583 | $3K | 5x | as long as short |
| OKX XPL-USDT-SWAP | −0.166% | +0.0100% | 4h | $9.7M | $52.9M | 50x | as long as short |
| Bitget XPLUSDT | −0.136% | +0.0100% | 4h | $8.9M | $10.8M | 75x | as long as short |
| Variational Omni XPL | −0.130% | +0.0100% | 4h | $1.8M | $1.7M | — | as long as short |
| Nado XPL-PERP | −0.129% | +0.0100% | 1h | $1.5M | $2.4M | 10x | as long as short |
| gTrade (Gains Network) XPL/USD | −0.128% | L +0.0005% / S −0.0004% | 1h | $72K | — | 150x | as long as short |
| GMX XPL/USD [WBTC.b-USDC] | −0.122% | L −0.0041% / S +0.0454% | 1h | $134K | — | 100x | as long as short |
| Orderly PERP_XPL_USDC | −0.106% | +0.0029% | 4h | $28K | $331K | 10x | as long as short |
| Polymarket Perps XPL-USD | −0.097% | +0.0100% | 1h | $139K | $3.5M | 10x | as long as short |
| SoDEX XPL-USD | −0.097% | +0.0100% | 1h | $216 | $9K | 10x | as long as short |
| Deribit XPL_USDC-PERPETUAL | −0.077% | 0.0000% | 1h | $47K | $11K | 25x | as long as short |
| Aster XPLUSDT | −0.074% | +0.0100% | 4h | $270K | $447K | 20x | as long as short |
| Hyperliquid XPL | −0.017% | +0.0276% | 1h | $67.2M | $36.0M | 10x | as long as short |
| Aevo XPL-PERPlong | 0.000% | +0.0104% | 1h | $39K | $5K | 3x | |
| Backpack XPL_USDC_PERP | +0.003% | −0.0205% | 1h | $187K | $289K | 10x | as long as short |
| Bulk XPL-USD | +0.013% | +0.0100% | 1h | $141K | $6K | 10x | as long as short |
| BloFin XPL-USDT | +0.053% | +0.0340% | 4h | $1.9M | $1.2M | 75x | as long as short |
| Kraken Futures PF_XPLUSD | +0.149% | +0.1632% | 1h | $150K | $439K | 10x | as long as short |
| Phoenix XPL | +0.202% | +0.0312% | 1h | $205K | $596K | 10x | as long as short |
| HTX XPL-USDT | +0.391% | +0.0100% | 4h | $148K | $255K | 20x | as long as short |
| ApeX Omni XPLUSDT | +0.401% | +0.0100% | 1h | $30K | $89K | 50x | as long as short |
| Coinbase International XPL-PERP-INTX | +0.968% | +0.0888% | 1h | $76K | $142K | 50x | as long as short |