Spread before costs (cost unknown: a leg has no order-book sample)−0.070%
7d average—if it closes, per $10,000$7funding while held, a day+$6.86
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack XPL_USDC_PERP | 0.09947 | −0.0129 | get 0.0016% / 1h | 32m 08s | $183K | $282K | 10x |
| Short | SoDEX XPL-USD | 0.09940 | 0.0100 | get 0.0013% / 1h | 32m 08s | $297 | $9K | 10x |
Backpack XPL_USDC_PERP
SoDEX 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
- −$7.04
- Funding while held
- $6.86
- Slippage, 4 orders
- no order book: not counted
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Net
- −$18.17
- Spread needed to break even
- 0.180%
Slippage unknown: Backpack: live order book, 8 min ago; SoDEX: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0229%
- Per $10,000 a day
- +$6.86
- 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, 8 min ago | 3.50 bp | 11.0 bp −$11 | doesn't fit | doesn't fit | doesn't fit |
| Sell SoDEX no order-book sample | — | — | — | — | — |
SoDEX: 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
SunX0.09910+30.904%01 Exchange0.09915+30.970%Nado0.09926+31.119%Bulk0.09928+31.145%Paradex0.09929+31.152%Lighter0.09930+31.168%HTX0.09930+31.168%Pacifica0.09932+31.191%Orderly0.09937+31.261%Aster0.09938+31.273%KuCoin0.09938+31.274%dYdX0.09939+31.283%Gate0.09939+31.287%Polymarket Perps0.09940+31.298%Bybit0.09940+31.300%
Reya
SunX
Nado
Bulk
Paradex
Lighter
HTX
Pacifica
Orderly
Aster
KuCoin
dYdX
Gate
Polymarket Perps
BybitSoDEX0.09940+31.300%
BloFin0.09940+31.300%GMX0.09941+31.319%gTrade (Gains Network)0.09942+31.328%Extended0.09942+31.330%BingX0.09944+31.353%Deribit0.09944+31.353%Binance0.09944+31.357%MEXC0.09947+31.393%Bitget0.09947+31.393%
BloFin
GMX
gTrade (Gains Network)
Extended
BingX
Deribit
Binance
MEXC
BitgetBackpack0.09947+31.393%
Phoenix0.09947+31.393%OKX0.09948+31.406%Aevo0.09949+31.413%Variational Omni0.09957+31.528%Hyperliquid0.09961+31.572%ApeX Omni0.09970+31.697%Kraken Futures0.09981+31.848%Coinbase International0.1013+33.836%
Phoenix
OKX
Aevo
Variational Omni
Hyperliquid
ApeX Omni
Kraken Futures
Coinbase InternationalXPL on 35 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Reya XPLRUSDPERP | −23.892% | 0.0000% | 1h | — | — | — | as long as short |
| SunX XPL-USDT | −0.372% | +0.0100% | 4h | $3K | $1.9M | 20x | as long as short |
| 01 Exchange XPLUSD | −0.322% | −0.0168% | 1h | $576 | $583 | 5x | as long as short |
| Nado XPL-PERP | −0.209% | +0.0100% | 1h | $1.4M | $2.6M | 10x | as long as short |
| Bulk XPL-USD | −0.189% | +0.0100% | 1h | $141K | $52K | 10x | as long as short |
| Paradex XPL-USD-PERP | −0.183% | +0.0095% | 8h | $13K | $2K | 5x | as long as short |
| Lighter XPL | −0.171% | −0.0880% | 1h | $4.5M | $4.2M | 10x | as long as short |
| HTX XPL-USDT | −0.171% | +0.0100% | 4h | $144K | $239K | 20x | as long as short |
| Pacifica XPL | −0.154% | +0.0100% | 1h | $225K | $15K | 10x | as long as short |
| Orderly PERP_XPL_USDC | −0.101% | +0.0019% | 4h | $28K | $333K | 10x | as long as short |
Show all 35 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Aster XPLUSDT | −0.091% | +0.0100% | 4h | $265K | $442K | 20x | as long as short |
| KuCoin XPLUSDTM | −0.090% | +0.0100% | 4h | $2.5M | $1.4M | 50x | as long as short |
| dYdX XPL-USD | −0.083% | 0.0000% | 1h | $8K | — | 5x | as long as short |
| Gate XPL_USDT | −0.080% | +0.0096% | 4h | $3.0M | $3.9M | 75x | as long as short |
| Polymarket Perps XPL-USD | −0.072% | +0.0100% | 1h | $135K | $3.2M | 10x | as long as short |
| Bybit XPLUSDT | −0.070% | +0.0100% | 4h | $47.8M | $49.1M | 75x | as long as short |
| SoDEX XPL-USDshort | −0.070% | +0.0100% | 1h | $297 | $9K | 10x | |
| BloFin XPL-USDT | −0.070% | +0.0340% | 4h | $1.9M | $1.2M | 75x | as long as short |
| GMX XPL/USD [WBTC.b-USDC] | −0.056% | L −0.0039% / S +0.0454% | 1h | $134K | — | 100x | as long as short |
| gTrade (Gains Network) XPL/USD | −0.049% | L +0.0005% / S −0.0004% | 1h | $73K | — | 150x | as long as short |
| Extended XPL-USD | −0.048% | +0.0104% | 1h | $638K | $835K | 25x | as long as short |
| BingX XPL-USDT | −0.030% | +0.0100% | 4h | — | $7.9M | — | as long as short |
| Deribit XPL_USDC-PERPETUAL | −0.030% | 0.0000% | 1h | $49K | $17K | 25x | as long as short |
| Binance XPLUSDT | −0.027% | +0.0100% | 4h | $45.4M | $98.1M | 75x | as long as short |
| MEXC XPL_USDT | 0.000% | +0.0100% | 4h | $13.9M | $7.4M | 100x | as long as short |
| Bitget XPLUSDT | 0.000% | +0.0100% | 4h | $8.7M | $10.7M | 75x | as long as short |
| Backpack XPL_USDC_PERPlong | 0.000% | −0.0129% | 1h | $183K | $282K | 10x | |
| Phoenix XPL | 0.000% | +0.0241% | 1h | $203K | $623K | 10x | as long as short |
| OKX XPL-USDT-SWAP | +0.010% | +0.0100% | 4h | $9.4M | $52.8M | 50x | as long as short |
| Aevo XPL-PERP | +0.015% | +0.0104% | 1h | $39K | $5K | 3x | as long as short |
| Variational Omni XPL | +0.103% | +0.0100% | 4h | $1.7M | $1.8M | — | as long as short |
| Hyperliquid XPL | +0.137% | +0.0100% | 1h | $64.8M | $41.5M | 10x | as long as short |
| ApeX Omni XPLUSDT | +0.231% | +0.0100% | 1h | $29K | $80K | 50x | as long as short |
| Kraken Futures PF_XPLUSD | +0.346% | +0.4768% | 1h | $252K | $595K | 10x | as long as short |
| Coinbase International XPL-PERP-INTX | +1.860% | +0.0840% | 1h | $78K | $122K | 50x | as long as short |