After costs, if the gap returns to its 7d average, $10k−$54
spread now−0.070%7d average−0.021%fees + slippage, in and out−$49spread needed0.492%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack XPL_USDC_PERP | 0.1006 | −0.0221 | get 0.0028% / 1h | 17m 58s | $187K | $289K | 10x |
| Short | Binance XPLUSDT | 0.1005 | 0.0100 | get 0.0050% / 4h | 17m 58s | $46.8M | $93.4M | 75x |
Backpack XPL_USDC_PERP
Binance 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
- −$6.96
- Funding while held
- $9.63
- Slippage, 4 orders
- −$29.17
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$46.49
- Spread needed to break even
- 0.492%
Slippage from Backpack: live order book, 32 min ago; Binance: live order book, 11 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0321%
- Per $10,000 a day
- +$9.63
- 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 Backpack live order book, 32 min ago | 3.93 bp | 13.2 bp −$13 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 11 min ago | 0.50 bp | 12.7 bp −$13 | 34.8 bp −$348 | 132.6 bp −$13.3K | doesn't fit |
XPL price on every exchange
against the cheapest. Click to use as the short leg.Reya0.07570cheapest
Phoenix0.09977+31.788%Bulk0.09998+32.068%Variational Omni0.1001+32.180%ApeX Omni0.1004+32.621%HTX0.1004+32.621%Lighter0.1004+32.660%SunX0.1005+32.753%Bybit0.1005+32.779%
Reya
Phoenix
Bulk
Variational Omni
ApeX Omni
HTX
Lighter
SunX
BybitBinance0.1005+32.805%
OKX0.1006+32.819%MEXC0.1006+32.832%BingX0.1006+32.832%Orderly0.1006+32.858%GMX0.1006+32.870%Extended0.1006+32.874%Gate0.1006+32.885%KuCoin0.1006+32.885%SoDEX0.1006+32.885%
OKX
MEXC
BingX
Orderly
GMX
Extended
Gate
KuCoin
SoDEXBackpack0.1006+32.898%
gTrade (Gains Network)0.1006+32.901%Deribit0.1006+32.911%Bitget0.1006+32.938%Aevo0.1007+32.975%Nado0.1007+32.984%Aster0.1007+32.994%Polymarket Perps0.1007+33.017%01 Exchange0.1007+33.030%BloFin0.1007+33.043%Coinbase International0.1008+33.149%Hyperliquid0.1008+33.162%Paradex0.1008+33.170%Pacifica0.1009+33.243%dYdX0.1009+33.248%Kraken Futures0.1009+33.310%
gTrade (Gains Network)
Deribit
Bitget
Aevo
Nado
Aster
Polymarket Perps
BloFin
Coinbase International
Hyperliquid
Paradex
Pacifica
dYdX
Kraken FuturesXPL on 35 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Reya XPLRUSDPERP | −24.754% | 0.0000% | 1h | — | — | — | as long as short |
| Phoenix XPL | −0.835% | +0.0312% | 1h | $204K | $596K | 10x | as long as short |
| Bulk XPL-USD | −0.624% | +0.0100% | 1h | $140K | $6K | 10x | as long as short |
| Variational Omni XPL | −0.540% | +0.0100% | 4h | $1.8M | $1.7M | — | as long as short |
| ApeX Omni XPLUSDT | −0.209% | +0.0100% | 1h | $30K | $89K | 50x | as long as short |
| HTX XPL-USDT | −0.209% | +0.0100% | 4h | $148K | $255K | 20x | as long as short |
| Lighter XPL | −0.179% | −0.0936% | 1h | $4.5M | $4.2M | 10x | as long as short |
| SunX XPL-USDT | −0.109% | +0.0100% | 4h | $3K | $1.9M | 20x | as long as short |
| Bybit XPLUSDT | −0.089% | +0.0100% | 4h | $49.0M | $47.5M | 75x | as long as short |
| Binance XPLUSDTshort | −0.070% | +0.0100% | 4h | $46.8M | $93.4M | 75x |
Show all 35 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| OKX XPL-USDT-SWAP | −0.060% | +0.0100% | 4h | $9.7M | $52.9M | 50x | as long as short |
| MEXC XPL_USDT | −0.050% | +0.0100% | 4h | $14.4M | $7.4M | 100x | as long as short |
| BingX XPL-USDT | −0.050% | +0.0100% | 4h | — | $7.9M | — | as long as short |
| Orderly PERP_XPL_USDC | −0.030% | +0.0029% | 4h | $28K | $331K | 10x | as long as short |
| GMX XPL/USD [WBTC.b-USDC] | −0.021% | L −0.0040% / S +0.0454% | 1h | $134K | — | 100x | as long as short |
| Extended XPL-USD | −0.018% | +0.0104% | 1h | $652K | $806K | 25x | as long as short |
| Gate XPL_USDT | −0.010% | +0.0100% | 4h | $3.1M | $3.9M | 75x | as long as short |
| KuCoin XPLUSDTM | −0.010% | +0.0100% | 4h | $2.8M | $1.3M | 50x | as long as short |
| SoDEX XPL-USD | −0.010% | +0.0100% | 1h | $211 | $9K | 10x | as long as short |
| Backpack XPL_USDC_PERPlong | 0.000% | −0.0221% | 1h | $187K | $289K | 10x | |
| gTrade (Gains Network) XPL/USD | +0.002% | L +0.0005% / S −0.0004% | 1h | $72K | — | 150x | as long as short |
| Deribit XPL_USDC-PERPETUAL | +0.010% | 0.0000% | 1h | $47K | $11K | 25x | as long as short |
| Bitget XPLUSDT | +0.030% | +0.0100% | 4h | $8.9M | $10.8M | 75x | as long as short |
| Aevo XPL-PERP | +0.058% | +0.0104% | 1h | $39K | $5K | 3x | as long as short |
| Nado XPL-PERP | +0.065% | +0.0100% | 1h | $1.5M | $2.4M | 10x | as long as short |
| Aster XPLUSDT | +0.072% | +0.0100% | 4h | $270K | $446K | 20x | as long as short |
| Polymarket Perps XPL-USD | +0.089% | +0.0100% | 1h | $140K | $3.5M | 10x | as long as short |
| 01 Exchange XPLUSD | +0.099% | −0.0184% | 1h | $586 | $3K | 5x | as long as short |
| BloFin XPL-USDT | +0.109% | +0.0340% | 4h | $1.9M | $1.2M | 75x | as long as short |
| Coinbase International XPL-PERP-INTX | +0.189% | +0.0888% | 1h | $76K | $141K | 50x | as long as short |
| Hyperliquid XPL | +0.199% | +0.0149% | 1h | $67.3M | $35.8M | 10x | as long as short |
| Paradex XPL-USD-PERP | +0.205% | +0.0093% | 8h | $13K | $1K | 5x | as long as short |
| Pacifica XPL | +0.259% | +0.0100% | 1h | $228K | $19K | 10x | as long as short |
| dYdX XPL-USD | +0.263% | 0.0000% | 1h | $8K | — | 5x | as long as short |
| Kraken Futures PF_XPLUSD | +0.310% | +0.1628% | 1h | $150K | $439K | 10x | as long as short |