After costs, if the gap returns to its 7d average, $10k−$23
spread now+0.030%7d average−0.010%fees + slippage, in and out−$27spread needed0.271%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack XPL_USDC_PERP | 0.09852 | −0.0804 | get 0.0101% / 1h | 55m 55s | $184K | $282K | 10x |
| Short | MEXC XPL_USDT | 0.09855 | 0.0100 | get 0.0050% / 4h | 55m 55s | $13.7M | $7.2M | 100x |
Backpack XPL_USDC_PERP
MEXC 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
- $3.05
- Funding while held
- $27.12
- Slippage, 4 orders
- −$17.08
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- $3.09
- Spread needed to break even
- 0.271%
Slippage from Backpack: live order book, 39 min ago; MEXC: live order book, 4 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0904%
- Per $10,000 a day
- +$27.12
- 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, 39 min ago | 0.50 bp | 9.3 bp −$9 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 4 min ago | 0.51 bp | 4.3 bp −$4 | 10.7 bp −$107 | 92.5 bp −$9,246 | 230.4 bp −$115.2K |
XPL price on every exchange
against the cheapest. Click to use as the short leg.Reya0.07570cheapest
SunX0.09820+29.716%01 Exchange0.09836+29.927%Aevo0.09837+29.938%Lighter0.09839+29.967%Nado0.09840+29.983%Paradex0.09843+30.024%Gate0.09846+30.059%Orderly0.09846+30.059%Extended0.09847+30.077%BingX0.09848+30.086%GMX0.09849+30.092%Deribit0.09849+30.099%Polymarket Perps0.09849+30.104%Binance0.09850+30.112%gTrade (Gains Network)0.09850+30.112%SoDEX0.09850+30.112%BloFin0.09850+30.112%dYdX0.09851+30.121%Bybit0.09851+30.125%OKX0.09851+30.125%KuCoin0.09852+30.138%Bitget0.09852+30.138%
Reya
SunX
Aevo
Lighter
Nado
Paradex
Gate
Orderly
Extended
BingX
GMX
Deribit
Polymarket Perps
Binance
gTrade (Gains Network)
SoDEX
BloFin
dYdX
Bybit
OKX
KuCoin
BitgetBackpack0.09852+30.138%
Aster0.09852+30.141%Pacifica0.09853+30.149%
Aster
PacificaMEXC0.09855+30.178%
Hyperliquid0.09860+30.244%HTX0.09864+30.297%ApeX Omni0.09870+30.376%Kraken Futures0.09886+30.587%Phoenix0.09897+30.733%Bulk0.09914+30.953%Variational Omni0.09915+30.967%Coinbase International0.1002+32.397%
Hyperliquid
HTX
ApeX Omni
Kraken Futures
Phoenix
Bulk
Variational 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 | −23.159% | 0.0000% | 1h | — | — | — | as long as short |
| SunX XPL-USDT | −0.325% | +0.0100% | 4h | $3K | $1.9M | 20x | as long as short |
| 01 Exchange XPLUSD | −0.162% | −0.0256% | 1h | $572 | $582 | 5x | as long as short |
| Aevo XPL-PERP | −0.154% | +0.0104% | 1h | $38K | $5K | 3x | as long as short |
| Lighter XPL | −0.132% | −0.0808% | 1h | $4.5M | $4.2M | 10x | as long as short |
| Nado XPL-PERP | −0.119% | +0.0100% | 1h | $1.4M | $2.6M | 10x | as long as short |
| Paradex XPL-USD-PERP | −0.088% | +0.0098% | 8h | $13K | $2K | 5x | as long as short |
| Gate XPL_USDT | −0.061% | +0.0100% | 4h | $3.0M | $4.0M | 75x | as long as short |
| Orderly PERP_XPL_USDC | −0.061% | +0.0050% | 4h | $27K | $333K | 10x | as long as short |
| Extended XPL-USD | −0.047% | +0.0104% | 1h | $660K | $915K | 25x | as long as short |
Show all 35 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| BingX XPL-USDT | −0.041% | +0.0100% | 4h | — | $7.9M | — | as long as short |
| GMX XPL/USD [WBTC.b-USDC] | −0.036% | L −0.0039% / S +0.0454% | 1h | $133K | — | 100x | as long as short |
| Deribit XPL_USDC-PERPETUAL | −0.030% | −0.0156% | 1h | $49K | $17K | 25x | as long as short |
| Polymarket Perps XPL-USD | −0.026% | +0.0100% | 1h | $132K | $2.7M | 10x | as long as short |
| Binance XPLUSDT | −0.020% | +0.0100% | 4h | $44.9M | $100.2M | 75x | as long as short |
| gTrade (Gains Network) XPL/USD | −0.020% | L +0.0005% / S −0.0004% | 1h | $73K | — | 150x | as long as short |
| SoDEX XPL-USD | −0.020% | +0.0100% | 1h | $352 | $10K | 10x | as long as short |
| BloFin XPL-USDT | −0.020% | +0.0340% | 4h | $1.8M | $1.2M | 75x | as long as short |
| dYdX XPL-USD | −0.013% | 0.0000% | 1h | $8K | — | 5x | as long as short |
| Bybit XPLUSDT | −0.010% | +0.0100% | 4h | $47.3M | $49.2M | 75x | as long as short |
| OKX XPL-USDT-SWAP | −0.010% | +0.0100% | 4h | $9.2M | $52.0M | 50x | as long as short |
| KuCoin XPLUSDTM | 0.000% | +0.0100% | 4h | $2.4M | $1.4M | 50x | as long as short |
| Bitget XPLUSDT | 0.000% | +0.0100% | 4h | $8.6M | $10.8M | 75x | as long as short |
| Backpack XPL_USDC_PERPlong | 0.000% | −0.0804% | 1h | $184K | $282K | 10x | |
| Aster XPLUSDT | +0.002% | +0.0100% | 4h | $270K | $487K | 20x | as long as short |
| Pacifica XPL | +0.008% | +0.0100% | 1h | $223K | $14K | 10x | as long as short |
| MEXC XPL_USDTshort | +0.030% | +0.0100% | 4h | $13.7M | $7.2M | 100x | |
| Hyperliquid XPL | +0.081% | +0.0100% | 1h | $64.5M | $44.0M | 10x | as long as short |
| HTX XPL-USDT | +0.122% | +0.0100% | 4h | $142K | $243K | 20x | as long as short |
| ApeX Omni XPLUSDT | +0.183% | +0.0100% | 1h | $25K | $83K | 50x | as long as short |
| Kraken Futures PF_XPLUSD | +0.345% | +0.2841% | 1h | $290K | $692K | 10x | as long as short |
| Phoenix XPL | +0.457% | +0.0404% | 1h | $202K | $620K | 10x | as long as short |
| Bulk XPL-USD | +0.626% | +0.0100% | 1h | $141K | $54K | 10x | as long as short |
| Variational Omni XPL | +0.637% | +0.0100% | 4h | $1.7M | $1.8M | — | as long as short |
| Coinbase International XPL-PERP-INTX | +1.736% | +0.0880% | 1h | $77K | $117K | 50x | as long as short |