After costs, if the gap returns to its 7d average, $10k−$74
spread now−0.061%7d average−0.001%fees + slippage, in and out−$68spread needed0.681%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack XPL_USDC_PERP | 0.09855 | −0.0279 | get 0.0035% / 1h | 59m 54s | $183K | $279K | 10x |
| Short | Gate XPL_USDT | 0.09849 | 0.0100 | get 0.0050% / 4h | 1h 59m | $3.0M | $4.0M | 75x |
Backpack XPL_USDC_PERP
Gate XPL_USDTPrice 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
- −$6.09
- Funding while held
- $11.36
- Slippage, 4 orders
- −$43.11
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$62.83
- Spread needed to break even
- 0.681%
Slippage from Backpack: live order book, 40 min ago; Gate: live order book, 5 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0379%
- Per $10,000 a day
- +$11.36
- 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 | 3.50 bp | 11.0 bp −$11 | doesn't fit | doesn't fit | doesn't fit |
| Sell Gate live order book, 5 min ago | 5.06 bp | 23.5 bp −$23 | 139.8 bp −$1,398 | doesn't fit | doesn't fit |
XPL price on every exchange
against the cheapest. Click to use as the short leg.Reya0.07571cheapest
Variational Omni0.09803+29.487%SunX0.09820+29.712%01 Exchange0.09828+29.818%HTX0.09829+29.831%Lighter0.09831+29.858%Paradex0.09832+29.875%Nado0.09834+29.894%Orderly0.09834+29.897%gTrade (Gains Network)0.09835+29.915%GMX0.09836+29.918%Polymarket Perps0.09837+29.938%Deribit0.09838+29.950%BloFin0.09838+29.950%Pacifica0.09839+29.965%dYdX0.09839+29.970%SoDEX0.09840+29.976%
Reya
Variational Omni
SunX
HTX
Lighter
Paradex
Nado
Orderly
gTrade (Gains Network)
GMX
Polymarket Perps
Deribit
BloFin
Pacifica
dYdX
SoDEXGate0.09849+30.095%
Aster0.09850+30.108%MEXC0.09850+30.108%ApeX Omni0.09850+30.108%Extended0.09850+30.113%Binance0.09851+30.126%BingX0.09852+30.135%KuCoin0.09853+30.148%
Aster
MEXC
ApeX Omni
Extended
Binance
BingX
KuCoinBackpack0.09855+30.175%
Bybit0.09860+30.241%OKX0.09860+30.241%Bitget0.09862+30.267%Hyperliquid0.09873+30.411%Aevo0.09878+30.480%Bulk0.09887+30.593%Kraken Futures0.09895+30.699%Phoenix0.09906+30.848%Coinbase International0.09987+31.918%
Bybit
OKX
Bitget
Hyperliquid
Aevo
Bulk
Kraken Futures
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 | −23.180% | 0.0000% | 1h | — | — | — | as long as short |
| Variational Omni XPL | −0.528% | +0.0100% | 4h | $1.7M | $1.8M | — | as long as short |
| SunX XPL-USDT | −0.355% | +0.0100% | 4h | $2K | $1.9M | 20x | as long as short |
| 01 Exchange XPLUSD | −0.274% | −0.0144% | 1h | $571 | $583 | 5x | as long as short |
| HTX XPL-USDT | −0.264% | +0.0100% | 4h | $142K | $240K | 20x | as long as short |
| Lighter XPL | −0.244% | −0.0816% | 1h | $4.4M | $4.2M | 10x | as long as short |
| Paradex XPL-USD-PERP | −0.230% | +0.0097% | 8h | $13K | $2K | 5x | as long as short |
| Nado XPL-PERP | −0.216% | +0.0100% | 1h | $1.4M | $2.6M | 10x | as long as short |
| Orderly PERP_XPL_USDC | −0.213% | +0.0031% | 4h | $27K | $333K | 10x | as long as short |
| gTrade (Gains Network) XPL/USD | −0.199% | L +0.0005% / S −0.0004% | 1h | $73K | — | 150x | 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] | −0.197% | L −0.0039% / S +0.0454% | 1h | $133K | — | 100x | as long as short |
| Polymarket Perps XPL-USD | −0.182% | +0.0100% | 1h | $120K | $2.8M | 10x | as long as short |
| Deribit XPL_USDC-PERPETUAL | −0.173% | 0.0000% | 1h | $49K | $17K | 25x | as long as short |
| BloFin XPL-USDT | −0.173% | +0.0340% | 4h | $1.8M | $1.2M | 75x | as long as short |
| Pacifica XPL | −0.161% | +0.0100% | 1h | $222K | $14K | 10x | as long as short |
| dYdX XPL-USD | −0.157% | 0.0000% | 1h | $8K | — | 5x | as long as short |
| SoDEX XPL-USD | −0.152% | +0.0100% | 1h | $646 | $9K | 10x | as long as short |
| Gate XPL_USDTshort | −0.061% | +0.0100% | 4h | $3.0M | $4.0M | 75x | |
| Aster XPLUSDT | −0.051% | +0.0100% | 4h | $262K | $442K | 20x | as long as short |
| MEXC XPL_USDT | −0.051% | +0.0100% | 4h | $13.6M | $7.5M | 100x | as long as short |
| ApeX Omni XPLUSDT | −0.051% | +0.0100% | 1h | $25K | $80K | 50x | as long as short |
| Extended XPL-USD | −0.047% | +0.0104% | 1h | $629K | $834K | 25x | as long as short |
| Binance XPLUSDT | −0.037% | +0.0100% | 4h | $45.0M | $99.2M | 75x | as long as short |
| BingX XPL-USDT | −0.030% | +0.0100% | 4h | — | $7.9M | — | as long as short |
| KuCoin XPLUSDTM | −0.020% | +0.0100% | 4h | $2.4M | $1.4M | 50x | as long as short |
| Backpack XPL_USDC_PERPlong | 0.000% | −0.0279% | 1h | $183K | $279K | 10x | |
| Bybit XPLUSDT | +0.051% | +0.0100% | 4h | $47.3M | $49.2M | 75x | as long as short |
| OKX XPL-USDT-SWAP | +0.051% | +0.0100% | 4h | $9.2M | $52.2M | 50x | as long as short |
| Bitget XPLUSDT | +0.071% | +0.0100% | 4h | $8.6M | $10.7M | 75x | as long as short |
| Hyperliquid XPL | +0.182% | +0.1002% | 1h | $64.3M | $42.4M | 10x | as long as short |
| Aevo XPL-PERP | +0.234% | +0.0104% | 1h | $38K | $5K | 3x | as long as short |
| Bulk XPL-USD | +0.321% | +0.0100% | 1h | $140K | $53K | 10x | as long as short |
| Kraken Futures PF_XPLUSD | +0.403% | +0.4810% | 1h | $291K | $660K | 10x | as long as short |
| Phoenix XPL | +0.518% | +0.0241% | 1h | $202K | $623K | 10x | as long as short |
| Coinbase International XPL-PERP-INTX | +1.339% | +0.0840% | 1h | $77K | $117K | 50x | as long as short |