Spread before costs (cost unknown: a leg has no order-book sample)+0.112%
7d average+0.111%if it closes, per $10,000$11funding while held, a day+$12.40
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack XPL_USDC_PERP | 0.09880 | −0.0228 | get 0.0029% / 1h | 0m 00s | $185K | $281K | 10x |
| Short | Hyperliquid XPL | 0.09891 | 0.0185 | get 0.0023% / 1h | 0m 00s | $64.9M | $43.9M | 10x |
Backpack XPL_USDC_PERP
Hyperliquid 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
- $11.23
- Funding while held
- $12.4
- Slippage, 4 orders
- no order book: not counted
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $4.63
- Spread needed to break even
- 0.190%
Slippage unknown: Backpack: live order book, 35 min ago; Hyperliquid: live order book, 5 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0413%
- Per $10,000 a day
- +$12.40
- 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, 35 min ago | 0.50 bp | 9.3 bp −$9 | doesn't fit | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 5 min ago | 0.25 bp | 9.1 bp −$9 | doesn't fit | doesn't fit | doesn't fit |
XPL price on every exchange
against the cheapest. Click to use as the short leg.Reya0.07570cheapest
SunX0.09850+30.114%Lighter0.09863+30.286%SoDEX0.09870+30.378%Extended0.09871+30.389%OKX0.09875+30.444%01 Exchange0.09875+30.444%Gate0.09875+30.444%MEXC0.09875+30.444%BingX0.09875+30.444%Orderly0.09875+30.444%HTX0.09875+30.444%Bybit0.09876+30.457%Bitget0.09877+30.471%Binance0.09877+30.476%Nado0.09878+30.481%Deribit0.09878+30.484%KuCoin0.09879+30.497%Aevo0.09879+30.498%Aster0.09879+30.499%GMX0.09879+30.504%gTrade (Gains Network)0.09880+30.509%
Reya
SunX
Lighter
SoDEX
Extended
OKX
Gate
MEXC
BingX
Orderly
HTX
Bybit
Bitget
Binance
Nado
Deribit
KuCoin
Aevo
Aster
GMX
gTrade (Gains Network)Backpack0.09880+30.510%
Paradex0.09881+30.518%Pacifica0.09884+30.567%Polymarket Perps0.09885+30.582%dYdX0.09888+30.613%
Paradex
Pacifica
Polymarket Perps
dYdXHyperliquid0.09891+30.657%
Bulk0.09914+30.955%Variational Omni0.09915+30.969%BloFin0.09915+30.973%Kraken Futures0.09917+30.993%ApeX Omni0.09920+31.039%Phoenix0.09926+31.118%Coinbase International0.1002+32.399%
Bulk
Variational Omni
BloFin
Kraken Futures
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 | −23.378% | 0.0000% | 1h | — | — | — | as long as short |
| SunX XPL-USDT | −0.304% | +0.0100% | 4h | $2K | $1.9M | 20x | as long as short |
| Lighter XPL | −0.172% | −0.0704% | 1h | $4.5M | $4.2M | 10x | as long as short |
| SoDEX XPL-USD | −0.101% | +0.0100% | 1h | $205 | $10K | 10x | as long as short |
| Extended XPL-USD | −0.093% | +0.0104% | 1h | $660K | $913K | 25x | as long as short |
| OKX XPL-USDT-SWAP | −0.051% | +0.0100% | 4h | $9.3M | $52.1M | 50x | as long as short |
| 01 Exchange XPLUSD | −0.051% | −0.0072% | 1h | $574 | $582 | 5x | as long as short |
| Gate XPL_USDT | −0.051% | +0.0100% | 4h | $3.1M | $4.0M | 75x | as long as short |
| MEXC XPL_USDT | −0.051% | +0.0100% | 4h | $13.7M | $7.4M | 100x | as long as short |
| BingX XPL-USDT | −0.051% | +0.0100% | 4h | — | $7.9M | — | as long as short |
Show all 35 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Orderly PERP_XPL_USDC | −0.051% | +0.0050% | 4h | $27K | $333K | 10x | as long as short |
| HTX XPL-USDT | −0.051% | +0.0100% | 4h | $142K | $243K | 20x | as long as short |
| Bybit XPLUSDT | −0.040% | +0.0100% | 4h | $47.4M | $49.2M | 75x | as long as short |
| Bitget XPLUSDT | −0.030% | +0.0100% | 4h | $8.6M | $10.8M | 75x | as long as short |
| Binance XPLUSDT | −0.026% | +0.0100% | 4h | $45.1M | $100.0M | 75x | as long as short |
| Nado XPL-PERP | −0.023% | +0.0100% | 1h | $1.4M | $2.6M | 10x | as long as short |
| Deribit XPL_USDC-PERPETUAL | −0.020% | −0.0155% | 1h | $49K | $17K | 25x | as long as short |
| KuCoin XPLUSDTM | −0.010% | +0.0100% | 4h | $2.4M | $1.4M | 50x | as long as short |
| Aevo XPL-PERP | −0.009% | +0.0104% | 1h | $38K | $5K | 3x | as long as short |
| Aster XPLUSDT | −0.009% | +0.0100% | 4h | $271K | $479K | 20x | as long as short |
| GMX XPL/USD [WBTC.b-USDC] | −0.005% | L −0.0039% / S +0.0454% | 1h | $134K | — | 100x | as long as short |
| gTrade (Gains Network) XPL/USD | −0.001% | L +0.0005% / S −0.0004% | 1h | $73K | — | 150x | as long as short |
| Backpack XPL_USDC_PERPlong | 0.000% | −0.0228% | 1h | $185K | $281K | 10x | |
| Paradex XPL-USD-PERP | +0.006% | +0.0099% | 8h | $13K | $2K | 5x | as long as short |
| Pacifica XPL | +0.044% | +0.0100% | 1h | $224K | $14K | 10x | as long as short |
| Polymarket Perps XPL-USD | +0.055% | +0.0100% | 1h | $133K | $2.7M | 10x | as long as short |
| dYdX XPL-USD | +0.079% | 0.0000% | 1h | $8K | — | 5x | as long as short |
| Hyperliquid XPLshort | +0.112% | +0.0185% | 1h | $64.9M | $43.9M | 10x | |
| Bulk XPL-USD | +0.341% | +0.0100% | 1h | $141K | $54K | 10x | as long as short |
| Variational Omni XPL | +0.352% | +0.0100% | 4h | $1.7M | $1.8M | — | as long as short |
| BloFin XPL-USDT | +0.354% | +0.0340% | 4h | $1.8M | $1.2M | 75x | as long as short |
| Kraken Futures PF_XPLUSD | +0.370% | +0.2777% | 1h | $291K | $692K | 10x | as long as short |
| ApeX Omni XPLUSDT | +0.405% | +0.0100% | 1h | $26K | $83K | 50x | as long as short |
| Phoenix XPL | +0.466% | +0.0324% | 1h | $203K | $621K | 10x | as long as short |
| Coinbase International XPL-PERP-INTX | +1.447% | +0.0848% | 1h | $77K | $117K | 50x | as long as short |