Spread before costs (cost unknown: a leg has no order-book sample)−0.037%
7d average—if it closes, per $10,000$4funding while held, a day−$0.12
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aevo XPL-PERP | 0.1030 | 0.0104 | pay 0.0013% / 1h | 4m 12s | $40K | $5K | 3x |
| Short | Variational Omni XPL | 0.1030 | 0.0100 | get 0.0050% / 4h | 1h 04m | $2.0M | $1.5M | — |
Aevo XPL-PERP
Variational Omni XPLPrice 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
- −$3.69
- Funding while held
- −$0.12
- Slippage, 4 orders
- no order book: not counted
- Fee Aevo: 8 bp × 2 orders
- −$16
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$19.81
- Spread needed to break even
- 0.160%
Slippage unknown: Aevo: no order-book sample; Variational Omni: RFQ quote, 1 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 Variational Omni RFQ quote, 1 min ago | 9.71 bp | doesn't fit | 97.1 bp −$971 | 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.Reya0.07571cheapest
Lighter0.1029+35.890%SunX0.1029+35.916%SoDEX0.1029+35.916%Gate0.1029+35.929%Orderly0.1029+35.942%Bybit0.1029+35.956%KuCoin0.1029+35.956%Nado0.1029+35.969%Extended0.1029+35.976%GMX0.1029+35.979%BingX0.1029+35.982%OKX0.1030+36.008%gTrade (Gains Network)0.1030+36.011%
Reya
Lighter
SunX
SoDEX
Gate
Orderly
Bybit
KuCoin
Nado
Extended
GMX
BingX
OKX
gTrade (Gains Network)Variational Omni0.1030+36.016%
Deribit0.1030+36.035%dYdX0.1030+36.041%Backpack0.1030+36.048%HTX0.1030+36.048%BloFin0.1030+36.048%Paradex0.1030+36.048%Pacifica0.1030+36.061%Binance0.1030+36.066%
Deribit
dYdX
Backpack
HTX
BloFin
Paradex
Pacifica
BinanceAevo0.1030+36.067%
01 Exchange0.1030+36.075%MEXC0.1030+36.075%Bitget0.1030+36.101%Aster0.1030+36.111%Bulk0.1031+36.171%ApeX Omni0.1031+36.180%Polymarket Perps0.1031+36.180%Kraken Futures0.1032+36.357%Hyperliquid0.1033+36.392%Phoenix0.1034+36.537%Coinbase International0.1036+36.893%
MEXC
Bitget
Aster
Bulk
ApeX Omni
Polymarket Perps
Kraken Futures
Hyperliquid
Phoenix
Coinbase InternationalXPL on 35 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Reya XPLRUSDPERP | −26.507% | 0.0000% | 1h | — | — | — | as long as short |
| Lighter XPL | −0.130% | −0.0992% | 1h | $4.7M | $4.1M | 10x | as long as short |
| SunX XPL-USDT | −0.111% | +0.0100% | 4h | $2K | $1.8M | 20x | as long as short |
| SoDEX XPL-USD | −0.111% | +0.0100% | 1h | $211 | $9K | 10x | as long as short |
| Gate XPL_USDT | −0.101% | +0.0100% | 4h | $3.2M | $3.8M | 75x | as long as short |
| Orderly PERP_XPL_USDC | −0.091% | +0.0034% | 4h | $28K | $331K | 10x | as long as short |
| Bybit XPLUSDT | −0.082% | +0.0100% | 4h | $50.8M | $45.6M | 75x | as long as short |
| KuCoin XPLUSDTM | −0.082% | +0.0100% | 4h | $2.9M | $1.3M | 50x | as long as short |
| Nado XPL-PERP | −0.072% | +0.0100% | 1h | $1.5M | $2.3M | 10x | as long as short |
| Extended XPL-USD | −0.067% | +0.0104% | 1h | $674K | $809K | 25x | as long as short |
Show all 35 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| GMX XPL/USD [WBTC.b-USDC] | −0.064% | L −0.0037% / S +0.0451% | 1h | $137K | — | 100x | as long as short |
| BingX XPL-USDT | −0.062% | +0.0100% | 4h | — | $7.8M | — | as long as short |
| OKX XPL-USDT-SWAP | −0.043% | +0.0100% | 4h | $10.1M | $53.1M | 50x | as long as short |
| gTrade (Gains Network) XPL/USD | −0.041% | L +0.0005% / S −0.0004% | 1h | $74K | — | 150x | as long as short |
| Variational Omni XPLshort | −0.037% | +0.0100% | 4h | $2.0M | $1.5M | — | |
| Deribit XPL_USDC-PERPETUAL | −0.023% | 0.0000% | 1h | $47K | $10K | 25x | as long as short |
| dYdX XPL-USD | −0.019% | 0.0000% | 1h | $9K | — | 5x | as long as short |
| Backpack XPL_USDC_PERP | −0.014% | +0.0055% | 1h | $188K | $281K | 10x | as long as short |
| HTX XPL-USDT | −0.014% | +0.0100% | 4h | $152K | $254K | 20x | as long as short |
| BloFin XPL-USDT | −0.014% | +0.0340% | 4h | $2.0M | $1.1M | 75x | as long as short |
| Paradex XPL-USD-PERP | −0.013% | +0.0089% | 8h | $12K | $946 | 5x | as long as short |
| Pacifica XPL | −0.004% | +0.0100% | 1h | $232K | $19K | 10x | as long as short |
| Binance XPLUSDT | 0.000% | +0.0100% | 4h | $48.3M | $90.2M | 75x | as long as short |
| Aevo XPL-PERPlong | 0.000% | +0.0104% | 1h | $40K | $5K | 3x | |
| 01 Exchange XPLUSD | +0.006% | −0.0176% | 1h | $599 | $3K | 5x | as long as short |
| MEXC XPL_USDT | +0.006% | +0.0100% | 4h | $14.4M | $7.1M | 100x | as long as short |
| Bitget XPLUSDT | +0.025% | +0.0100% | 4h | $9.2M | $10.5M | 75x | as long as short |
| Aster XPLUSDT | +0.033% | +0.0100% | 4h | $278K | $440K | 20x | as long as short |
| Bulk XPL-USD | +0.077% | +0.0100% | 1h | $144K | $35K | 10x | as long as short |
| ApeX Omni XPLUSDT | +0.083% | +0.0100% | 1h | $30K | $86K | 50x | as long as short |
| Polymarket Perps XPL-USD | +0.083% | +0.0100% | 1h | $142K | $3.6M | 10x | as long as short |
| Kraken Futures PF_XPLUSD | +0.214% | +0.0509% | 1h | $143K | $418K | 10x | as long as short |
| Hyperliquid XPL | +0.239% | +0.0240% | 1h | $69.1M | $35.1M | 10x | as long as short |
| Phoenix XPL | +0.346% | +0.0391% | 1h | $211K | $528K | 10x | as long as short |
| Coinbase International XPL-PERP-INTX | +0.608% | +0.0880% | 1h | $109K | $121K | 50x | as long as short |