After costs, if the gap returns to its 7d average, $10k−$39
spread now+0.471%7d average+0.120%fees + slippage, in and out−$74spread needed0.740%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aster XPLUSDT | 0.1001 | 0.0100 | pay 0.0050% / 4h | 2h 38m | $267K | $442K | 20x |
| Short | Phoenix XPL | 0.1006 | 0.0241 | get 0.0030% / 1h | 38m 54s | $205K | $623K | 10x |
Aster XPLUSDT
Phoenix 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
- $47.12
- Funding while held
- $4.22
- Slippage, 4 orders
- −$59.04
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$22.7
- Spread needed to break even
- 0.740%
Slippage from Aster: live order book, 65 min ago; Phoenix: live order book, 66 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0141%
- Per $10,000 a day
- +$4.22
- 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 Aster live order book, 65 min ago | 6.99 bp | 29.0 bp −$29 | 171.1 bp −$1,711 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 66 min ago | 1.00 bp | 14.5 bp −$15 | 47.8 bp −$478 | doesn't fit | doesn't fit |
XPL price on every exchange
against the cheapest. Click to use as the short leg.Reya0.07570cheapest
SunX0.09970+31.697%Nado0.09982+31.855%Variational Omni0.09983+31.869%01 Exchange0.09988+31.934%ApeX Omni0.09990+31.961%Lighter0.09995+32.027%Paradex0.09995+32.033%Polymarket Perps0.09997+32.060%HTX0.1000+32.093%gTrade (Gains Network)0.1000+32.098%GMX0.1000+32.117%Bybit0.1000+32.119%BingX0.1001+32.172%BloFin0.1001+32.172%Orderly0.1001+32.185%Aevo0.1001+32.193%Gate0.1001+32.198%dYdX0.1001+32.200%Bitget0.1001+32.225%SoDEX0.1001+32.225%Deribit0.1001+32.225%Binance0.1001+32.232%MEXC0.1001+32.238%
Reya
SunX
Nado
Variational Omni
ApeX Omni
Lighter
Paradex
Polymarket Perps
HTX
gTrade (Gains Network)
GMX
Bybit
BingX
BloFin
Orderly
Aevo
Gate
dYdX
Bitget
SoDEX
Deribit
Binance
MEXCAster0.1001+32.275%
Pacifica0.1001+32.278%Backpack0.1002+32.291%KuCoin0.1002+32.304%Extended0.1002+32.363%OKX0.1002+32.370%Hyperliquid0.1003+32.502%Kraken Futures0.1004+32.622%Bulk0.1004+32.637%
Pacifica
Backpack
KuCoin
Extended
OKX
Hyperliquid
Kraken Futures
BulkPhoenix0.1006+32.899%
Coinbase International0.1013+33.836%
Coinbase InternationalXPL on 35 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Reya XPLRUSDPERP | −24.400% | 0.0000% | 1h | — | — | — | as long as short |
| SunX XPL-USDT | −0.438% | +0.0100% | 4h | $3K | $1.9M | 20x | as long as short |
| Nado XPL-PERP | −0.318% | +0.0100% | 1h | $1.4M | $2.6M | 10x | as long as short |
| Variational Omni XPL | −0.307% | +0.0100% | 4h | $1.7M | $1.8M | — | as long as short |
| 01 Exchange XPLUSD | −0.258% | −0.0160% | 1h | $581 | $593 | 5x | as long as short |
| ApeX Omni XPLUSDT | −0.238% | +0.0100% | 1h | $29K | $80K | 50x | as long as short |
| Lighter XPL | −0.188% | −0.0880% | 1h | $4.5M | $4.1M | 10x | as long as short |
| Paradex XPL-USD-PERP | −0.183% | +0.0094% | 8h | $13K | $2K | 5x | as long as short |
| Polymarket Perps XPL-USD | −0.163% | +0.0100% | 1h | $136K | $3.2M | 10x | as long as short |
| HTX XPL-USDT | −0.138% | +0.0100% | 4h | $145K | $240K | 20x | as long as short |
Show all 35 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) XPL/USD | −0.134% | L +0.0005% / S −0.0004% | 1h | $74K | — | 150x | as long as short |
| GMX XPL/USD [WBTC.b-USDC] | −0.120% | L −0.0039% / S +0.0454% | 1h | $135K | — | 100x | as long as short |
| Bybit XPLUSDT | −0.118% | +0.0100% | 4h | $48.1M | $49.0M | 75x | as long as short |
| BingX XPL-USDT | −0.078% | +0.0100% | 4h | — | $7.9M | — | as long as short |
| BloFin XPL-USDT | −0.078% | +0.0340% | 4h | $1.9M | $1.2M | 75x | as long as short |
| Orderly PERP_XPL_USDC | −0.068% | +0.0021% | 4h | $28K | $333K | 10x | as long as short |
| Aevo XPL-PERP | −0.062% | +0.0104% | 1h | $39K | $5K | 3x | as long as short |
| Gate XPL_USDT | −0.058% | +0.0100% | 4h | $3.1M | $3.9M | 75x | as long as short |
| dYdX XPL-USD | −0.057% | 0.0000% | 1h | $8K | — | 5x | as long as short |
| Bitget XPLUSDT | −0.038% | +0.0100% | 4h | $8.7M | $10.7M | 75x | as long as short |
| SoDEX XPL-USD | −0.038% | +0.0100% | 1h | $299 | $9K | 10x | as long as short |
| Deribit XPL_USDC-PERPETUAL | −0.038% | 0.0000% | 1h | $50K | $17K | 25x | as long as short |
| Binance XPLUSDT | −0.033% | +0.0100% | 4h | $45.7M | $98.1M | 75x | as long as short |
| MEXC XPL_USDT | −0.028% | +0.0100% | 4h | $14.0M | $7.3M | 100x | as long as short |
| Aster XPLUSDTlong | 0.000% | +0.0100% | 4h | $267K | $442K | 20x | |
| Pacifica XPL | +0.002% | +0.0100% | 1h | $226K | $15K | 10x | as long as short |
| Backpack XPL_USDC_PERP | +0.012% | +0.0024% | 1h | $185K | $282K | 10x | as long as short |
| KuCoin XPLUSDTM | +0.022% | +0.0100% | 4h | $2.5M | $1.4M | 50x | as long as short |
| Extended XPL-USD | +0.066% | +0.0104% | 1h | $641K | $837K | 25x | as long as short |
| OKX XPL-USDT-SWAP | +0.072% | +0.0100% | 4h | $9.5M | $53.3M | 50x | as long as short |
| Hyperliquid XPL | +0.172% | +0.0100% | 1h | $65.3M | $41.4M | 10x | as long as short |
| Kraken Futures PF_XPLUSD | +0.262% | +0.4740% | 1h | $253K | $595K | 10x | as long as short |
| Bulk XPL-USD | +0.273% | +0.0100% | 1h | $143K | $52K | 10x | as long as short |
| Phoenix XPLshort | +0.471% | +0.0241% | 1h | $205K | $623K | 10x | |
| Coinbase International XPL-PERP-INTX | +1.180% | +0.0840% | 1h | $78K | $122K | 50x | as long as short |