After costs, if the gap returns to its 7d average, $10k−$70
spread now−0.059%7d average−0.053%fees + slippage, in and out−$69spread needed0.692%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack XPL_USDC_PERP | 0.1022 | −0.0488 | get 0.0061% / 1h | 59m 57s | $187K | $279K | 10x |
| Short | Bybit XPLUSDT | 0.1021 | 0.0100 | get 0.0050% / 4h | 1h 59m | $50.0M | $43.7M | 75x |
Backpack XPL_USDC_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
- −$5.87
- Funding while held
- $17.64
- Slippage, 4 orders
- −$48.17
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$57.4
- Spread needed to break even
- 0.692%
Slippage from Backpack: live order book, 60 min ago; Bybit: live order book, 5 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0588%
- Per $10,000 a day
- +$17.64
- 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, 60 min ago | 0.48 bp | 9.1 bp −$9 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 5 min ago | 0.98 bp | 23.7 bp −$24 | 48.0 bp −$480 | 224.8 bp −$22.5K | doesn't fit |
XPL price on every exchange
against the cheapest. Click to use as the short leg.Reya0.07571cheapest
Lighter0.1020+34.689%SunX0.1020+34.729%Paradex0.1021+34.845%Orderly0.1021+34.848%SoDEX0.1021+34.861%Deribit0.1021+34.861%MEXC0.1021+34.874%KuCoin0.1021+34.874%Binance0.1021+34.876%Extended0.1021+34.884%BingX0.1021+34.887%
Reya
Lighter
SunX
Paradex
Orderly
SoDEX
Deribit
MEXC
KuCoin
Binance
Extended
BingXBybit0.1021+34.901%
Aevo0.1021+34.911%OKX0.1021+34.914%Nado0.1021+34.920%GMX0.1022+34.942%gTrade (Gains Network)0.1022+34.943%dYdX0.1022+34.953%Kraken Futures0.1022+34.966%Gate0.1022+34.980%
Aevo
OKX
Nado
GMX
gTrade (Gains Network)
dYdX
Kraken Futures
GateBackpack0.1022+34.980%
Pacifica0.1022+34.984%Bitget0.1022+34.993%Polymarket Perps0.1022+34.993%Aster0.1022+35.026%Hyperliquid0.1023+35.165%01 Exchange0.1023+35.165%BloFin0.1023+35.191%HTX0.1024+35.218%Variational Omni0.1024+35.266%Bulk0.1025+35.389%ApeX Omni0.1025+35.389%Phoenix0.1026+35.535%Coinbase International0.1031+36.116%
Pacifica
Bitget
Polymarket Perps
Aster
Hyperliquid
BloFin
HTX
Variational Omni
Bulk
ApeX Omni
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 | −25.915% | 0.0000% | 1h | — | — | — | as long as short |
| Lighter XPL | −0.215% | −0.0680% | 1h | $4.6M | $3.7M | 10x | as long as short |
| SunX XPL-USDT | −0.186% | +0.0100% | 4h | $2K | $1.8M | 20x | as long as short |
| Paradex XPL-USD-PERP | −0.100% | +0.0095% | 8h | $12K | $946 | 5x | as long as short |
| Orderly PERP_XPL_USDC | −0.098% | +0.0047% | 4h | $28K | $331K | 10x | as long as short |
| SoDEX XPL-USD | −0.088% | +0.0100% | 1h | $307 | $9K | 10x | as long as short |
| Deribit XPL_USDC-PERPETUAL | −0.088% | −0.0435% | 1h | $47K | $10K | 25x | as long as short |
| MEXC XPL_USDT | −0.078% | +0.0100% | 4h | $14.4M | $6.9M | 100x | as long as short |
| KuCoin XPLUSDTM | −0.078% | +0.0100% | 4h | $2.8M | $1.3M | 50x | as long as short |
| Binance XPLUSDT | −0.077% | +0.0100% | 4h | $48.0M | $86.5M | 75x | as long as short |
Show all 35 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Extended XPL-USD | −0.071% | +0.0104% | 1h | $653K | $749K | 25x | as long as short |
| BingX XPL-USDT | −0.068% | +0.0100% | 4h | — | $7.9M | — | as long as short |
| Bybit XPLUSDTshort | −0.059% | +0.0100% | 4h | $50.0M | $43.7M | 75x | |
| Aevo XPL-PERP | −0.051% | +0.0104% | 1h | $40K | $5K | 3x | as long as short |
| OKX XPL-USDT-SWAP | −0.049% | +0.0100% | 4h | $9.9M | $51.0M | 50x | as long as short |
| Nado XPL-PERP | −0.044% | +0.0100% | 1h | $1.5M | $2.1M | 10x | as long as short |
| GMX XPL/USD [WBTC.b-USDC] | −0.028% | L −0.0032% / S +0.0446% | 1h | $136K | — | 100x | as long as short |
| gTrade (Gains Network) XPL/USD | −0.027% | L +0.0005% / S −0.0004% | 1h | $73K | — | 150x | as long as short |
| dYdX XPL-USD | −0.020% | 0.0000% | 1h | $9K | — | 5x | as long as short |
| Kraken Futures PF_XPLUSD | −0.010% | +0.1158% | 1h | $136K | $379K | 10x | as long as short |
| Gate XPL_USDT | 0.000% | +0.0100% | 4h | $3.2M | $3.7M | 75x | as long as short |
| Backpack XPL_USDC_PERPlong | 0.000% | −0.0488% | 1h | $187K | $279K | 10x | |
| Pacifica XPL | +0.003% | +0.0100% | 1h | $230K | $18K | 10x | as long as short |
| Bitget XPLUSDT | +0.010% | +0.0100% | 4h | $9.2M | $9.9M | 75x | as long as short |
| Polymarket Perps XPL-USD | +0.010% | +0.0100% | 1h | $139K | $3.6M | 10x | as long as short |
| Aster XPLUSDT | +0.034% | +0.0100% | 4h | $312K | $401K | 20x | as long as short |
| Hyperliquid XPL | +0.137% | +0.0436% | 1h | $68.2M | $33.5M | 10x | as long as short |
| 01 Exchange XPLUSD | +0.137% | −0.0224% | 1h | $595 | $3K | 5x | as long as short |
| BloFin XPL-USDT | +0.157% | +0.0340% | 4h | $2.0M | $1.1M | 75x | as long as short |
| HTX XPL-USDT | +0.176% | +0.0100% | 4h | $152K | $251K | 20x | as long as short |
| Variational Omni XPL | +0.212% | +0.0100% | 4h | $1.9M | $1.4M | — | as long as short |
| Bulk XPL-USD | +0.303% | +0.0100% | 1h | $144K | $35K | 10x | as long as short |
| ApeX Omni XPLUSDT | +0.303% | +0.0100% | 1h | $32K | $83K | 50x | as long as short |
| Phoenix XPL | +0.411% | +0.0385% | 1h | $222K | $479K | 10x | as long as short |
| Coinbase International XPL-PERP-INTX | +0.842% | +0.0872% | 1h | $114K | $118K | 50x | as long as short |