After costs, if the gap returns to its 7d average, $10k−$51
spread now−0.190%7d average−0.072%fees + slippage, in and out−$40spread needed0.397%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack XPL_USDC_PERP | 0.1003 | −0.0131 | get 0.0016% / 1h | 28m 25s | $185K | $288K | 10x |
| Short | Lighter XPL | 0.1001 | −0.0872 | pay 0.0109% / 1h | 28m 25s | $4.5M | $4.2M | 10x |
Backpack XPL_USDC_PERP
Lighter 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
- −$18.95
- Funding while held
- −$22.23
- Slippage, 4 orders
- −$29.7
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$80.88
- Spread needed to break even
- 0.397%
Slippage from Backpack: live order book, 16 min ago; Lighter: live order book, 11 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0741%
- Per $10,000 a day
- −$22.23
- 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, 16 min ago | 1.51 bp | 11.6 bp −$12 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter live order book, 11 min ago | 3.50 bp | 5.0 bp −$5 | 31.7 bp −$317 | doesn't fit | doesn't fit |
XPL price on every exchange
against the cheapest. Click to use as the short leg.Reya0.07570cheapest
Bulk0.1000+32.100%
Reya
BulkLighter0.1001+32.180%
Phoenix0.1001+32.219%Paradex0.1001+32.230%KuCoin0.1001+32.232%SunX0.1001+32.232%Extended0.1002+32.325%Gate0.1002+32.338%Aster0.1002+32.363%SoDEX0.1002+32.365%BloFin0.1002+32.365%Pacifica0.1002+32.375%Bybit0.1002+32.391%Variational Omni0.1002+32.392%Nado0.1002+32.404%OKX0.1002+32.417%MEXC0.1002+32.417%BingX0.1002+32.417%
Phoenix
Paradex
KuCoin
SunX
Extended
Gate
Aster
SoDEX
BloFin
Pacifica
Bybit
Variational Omni
Nado
OKX
MEXC
BingXBackpack0.1003+32.431%
Binance0.1003+32.444%Bitget0.1003+32.444%Orderly0.1003+32.444%dYdX0.1003+32.445%GMX0.1003+32.445%01 Exchange0.1003+32.457%Polymarket Perps0.1003+32.497%Deribit0.1003+32.497%HTX0.1003+32.523%gTrade (Gains Network)0.1003+32.526%Aevo0.1003+32.539%ApeX Omni0.1004+32.629%Hyperliquid0.1004+32.668%Coinbase International0.1006+32.827%Kraken Futures0.1008+33.135%
Binance
Bitget
Orderly
dYdX
GMX
Polymarket Perps
Deribit
HTX
gTrade (Gains Network)
Aevo
ApeX Omni
Hyperliquid
Coinbase International
Kraken FuturesXPL on 35 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Reya XPLRUSDPERP | −24.489% | 0.0000% | 1h | — | — | — | as long as short |
| Bulk XPL-USD | −0.249% | +0.0100% | 1h | $142K | $54K | 10x | as long as short |
| Lighter XPLshort | −0.190% | −0.0872% | 1h | $4.5M | $4.2M | 10x | |
| Phoenix XPL | −0.160% | +0.0245% | 1h | $204K | $618K | 10x | as long as short |
| Paradex XPL-USD-PERP | −0.152% | +0.0093% | 8h | $13K | $1K | 5x | as long as short |
| KuCoin XPLUSDTM | −0.150% | +0.0100% | 4h | $2.5M | $1.5M | 50x | as long as short |
| SunX XPL-USDT | −0.150% | +0.0100% | 4h | $3K | $2.0M | 20x | as long as short |
| Extended XPL-USD | −0.080% | +0.0104% | 1h | $647K | $829K | 25x | as long as short |
| Gate XPL_USDT | −0.070% | +0.0100% | 4h | $3.1M | $3.9M | 75x | as long as short |
| Aster XPLUSDT | −0.051% | +0.0100% | 4h | $268K | $456K | 20x | as long as short |
Show all 35 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| SoDEX XPL-USD | −0.050% | +0.0100% | 1h | $209 | $9K | 10x | as long as short |
| BloFin XPL-USDT | −0.050% | +0.0340% | 4h | $1.8M | $1.2M | 75x | as long as short |
| Pacifica XPL | −0.042% | +0.0100% | 1h | $227K | $15K | 10x | as long as short |
| Bybit XPLUSDT | −0.030% | +0.0100% | 4h | $48.4M | $49.3M | 75x | as long as short |
| Variational Omni XPL | −0.029% | +0.0100% | 4h | $1.7M | $1.8M | — | as long as short |
| Nado XPL-PERP | −0.020% | +0.0100% | 1h | $1.5M | $2.5M | 10x | as long as short |
| OKX XPL-USDT-SWAP | −0.010% | +0.0100% | 4h | $9.4M | $54.7M | 50x | as long as short |
| MEXC XPL_USDT | −0.010% | +0.0100% | 4h | $14.0M | $7.6M | 100x | as long as short |
| BingX XPL-USDT | −0.010% | +0.0100% | 4h | — | $7.9M | — | as long as short |
| Backpack XPL_USDC_PERPlong | 0.000% | −0.0131% | 1h | $185K | $288K | 10x | |
| Binance XPLUSDT | +0.010% | +0.0100% | 4h | $45.7M | $99.0M | 75x | as long as short |
| Bitget XPLUSDT | +0.010% | +0.0100% | 4h | $8.7M | $11.2M | 75x | as long as short |
| Orderly PERP_XPL_USDC | +0.010% | +0.0022% | 4h | $28K | $333K | 10x | as long as short |
| dYdX XPL-USD | +0.010% | 0.0000% | 1h | $8K | — | 5x | as long as short |
| GMX XPL/USD [WBTC.b-USDC] | +0.011% | L −0.0040% / S +0.0454% | 1h | $135K | — | 100x | as long as short |
| 01 Exchange XPLUSD | +0.020% | −0.0128% | 1h | $583 | $582 | 5x | as long as short |
| Polymarket Perps XPL-USD | +0.050% | +0.0100% | 1h | $135K | $3.5M | 10x | as long as short |
| Deribit XPL_USDC-PERPETUAL | +0.050% | 0.0000% | 1h | $50K | $17K | 25x | as long as short |
| HTX XPL-USDT | +0.070% | +0.0100% | 4h | $145K | $242K | 20x | as long as short |
| gTrade (Gains Network) XPL/USD | +0.072% | L +0.0005% / S −0.0004% | 1h | $74K | — | 150x | as long as short |
| Aevo XPL-PERP | +0.082% | +0.0104% | 1h | $39K | $5K | 3x | as long as short |
| ApeX Omni XPLUSDT | +0.150% | +0.0100% | 1h | $30K | $92K | 50x | as long as short |
| Hyperliquid XPL | +0.180% | +0.0187% | 1h | $65.8M | $40.9M | 10x | as long as short |
| Coinbase International XPL-PERP-INTX | +0.299% | +0.0840% | 1h | $78K | $134K | 50x | as long as short |
| Kraken Futures PF_XPLUSD | +0.532% | +0.1422% | 1h | $258K | $586K | 10x | as long as short |