Spread before costs (cost unknown: a leg has no order-book sample)−0.063%
7d average—if it closes, per $10,000$6funding while held, a day+$6.22
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack XPL_USDC_PERP | 0.1001 | −0.0203 | get 0.0025% / 1h | 10m 11s | $186K | $289K | 10x |
| Short | gTrade (Gains Network) XPL/USD | 0.1000 | L +0.0005% / S −0.0004% | get 0.0000% / 1h | 10m 11s | $71K | — | 150x |
Backpack XPL_USDC_PERP
gTrade (Gains Network) XPL/USDPrice 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
- −$6.3
- Funding while held
- $6.22
- Slippage, 4 orders
- no order book: not counted
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Net
- −$20.08
- Spread needed to break even
- 0.200%
Slippage unknown: Backpack: live order book, 40 min ago; gTrade (Gains Network): no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0207%
- Per $10,000 a day
- +$6.22
- 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 Backpack live order book, 40 min ago | 3.93 bp | 13.2 bp −$13 | doesn't fit | doesn't fit | doesn't fit |
| Sell gTrade (Gains Network) no order-book sample | — | — | — | — | — |
gTrade (Gains Network): 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
SunX0.09980+31.832%Lighter0.09982+31.858%SoDEX0.09990+31.964%Extended0.09993+32.007%Deribit0.09995+32.030%KuCoin0.09996+32.043%Orderly0.09996+32.043%Paradex0.09998+32.065%Nado0.09999+32.089%Aevo0.10000+32.089%01 Exchange0.1000+32.096%Gate0.1000+32.096%GMX0.1000+32.104%
Reya
SunX
Lighter
SoDEX
Extended
Deribit
KuCoin
Orderly
Paradex
Nado
Aevo
Gate
GMXgTrade (Gains Network)0.1000+32.105%
MEXC0.1000+32.123%Bybit0.1000+32.136%dYdX0.1000+32.145%Aster0.1000+32.158%BingX0.1001+32.162%Polymarket Perps0.1001+32.162%Binance0.1001+32.168%Pacifica0.1001+32.187%
MEXC
Bybit
dYdX
Aster
BingX
Polymarket Perps
Binance
PacificaBackpack0.1001+32.189%
Bitget0.1001+32.228%OKX0.1001+32.268%Kraken Futures0.1003+32.460%HTX0.1003+32.479%Hyperliquid0.1003+32.516%Variational Omni0.1003+32.519%BloFin0.1004+32.664%Bulk0.1005+32.770%Phoenix0.1007+33.021%ApeX Omni0.1009+33.285%Coinbase International0.1015+34.038%
Bitget
OKX
Kraken Futures
HTX
Hyperliquid
Variational Omni
BloFin
Bulk
Phoenix
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 | −24.350% | 0.0000% | 1h | — | — | — | as long as short |
| SunX XPL-USDT | −0.270% | +0.0100% | 4h | $3K | $1.9M | 20x | as long as short |
| Lighter XPL | −0.250% | −0.0872% | 1h | $4.5M | $4.2M | 10x | as long as short |
| SoDEX XPL-USD | −0.170% | +0.0100% | 1h | $215 | $9K | 10x | as long as short |
| Extended XPL-USD | −0.137% | +0.0104% | 1h | $649K | $807K | 25x | as long as short |
| Deribit XPL_USDC-PERPETUAL | −0.120% | −0.0350% | 1h | $47K | $11K | 25x | as long as short |
| KuCoin XPLUSDTM | −0.110% | +0.0100% | 4h | $2.8M | $1.3M | 50x | as long as short |
| Orderly PERP_XPL_USDC | −0.110% | +0.0028% | 4h | $28K | $331K | 10x | as long as short |
| Paradex XPL-USD-PERP | −0.094% | +0.0094% | 8h | $13K | $1K | 5x | as long as short |
| Nado XPL-PERP | −0.075% | +0.0100% | 1h | $1.5M | $2.4M | 10x | as long as short |
Show all 35 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Aevo XPL-PERP | −0.075% | +0.0104% | 1h | $39K | $5K | 3x | as long as short |
| 01 Exchange XPLUSD | −0.070% | −0.0144% | 1h | $581 | $3K | 5x | as long as short |
| Gate XPL_USDT | −0.070% | +0.0100% | 4h | $3.1M | $3.9M | 75x | as long as short |
| GMX XPL/USD [WBTC.b-USDC] | −0.064% | L −0.0040% / S +0.0454% | 1h | $135K | — | 100x | as long as short |
| gTrade (Gains Network) XPL/USDshort | −0.063% | L +0.0005% / S −0.0004% | 1h | $71K | — | 150x | |
| MEXC XPL_USDT | −0.050% | +0.0100% | 4h | $14.4M | $7.5M | 100x | as long as short |
| Bybit XPLUSDT | −0.040% | +0.0100% | 4h | $48.7M | $47.6M | 75x | as long as short |
| dYdX XPL-USD | −0.033% | 0.0000% | 1h | $8K | — | 5x | as long as short |
| Aster XPLUSDT | −0.023% | +0.0100% | 4h | $269K | $447K | 20x | as long as short |
| BingX XPL-USDT | −0.020% | +0.0100% | 4h | — | $7.9M | — | as long as short |
| Polymarket Perps XPL-USD | −0.020% | +0.0100% | 1h | $139K | $3.5M | 10x | as long as short |
| Binance XPLUSDT | −0.015% | +0.0100% | 4h | $46.5M | $93.9M | 75x | as long as short |
| Pacifica XPL | −0.001% | +0.0100% | 1h | $226K | $19K | 10x | as long as short |
| Backpack XPL_USDC_PERPlong | 0.000% | −0.0203% | 1h | $186K | $289K | 10x | |
| Bitget XPLUSDT | +0.030% | +0.0100% | 4h | $8.9M | $10.8M | 75x | as long as short |
| OKX XPL-USDT-SWAP | +0.060% | +0.0100% | 4h | $9.6M | $52.8M | 50x | as long as short |
| Kraken Futures PF_XPLUSD | +0.205% | +0.1638% | 1h | $150K | $439K | 10x | as long as short |
| HTX XPL-USDT | +0.220% | +0.0100% | 4h | $148K | $255K | 20x | as long as short |
| Hyperliquid XPL | +0.248% | +0.0295% | 1h | $67.1M | $36.0M | 10x | as long as short |
| Variational Omni XPL | +0.250% | +0.0100% | 4h | $1.8M | $1.7M | — | as long as short |
| BloFin XPL-USDT | +0.360% | +0.0340% | 4h | $1.9M | $1.2M | 75x | as long as short |
| Bulk XPL-USD | +0.440% | +0.0100% | 1h | $141K | $6K | 10x | as long as short |
| Phoenix XPL | +0.630% | +0.0312% | 1h | $205K | $596K | 10x | as long as short |
| ApeX Omni XPLUSDT | +0.829% | +0.0100% | 1h | $30K | $89K | 50x | as long as short |
| Coinbase International XPL-PERP-INTX | +1.399% | +0.0888% | 1h | $76K | $142K | 50x | as long as short |