Spread before costs (cost unknown: a leg has no order-book sample)−0.377%
7d average+0.026%if it closes, per $10,000$38funding while held, a day+$10.22
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack XPL_USDC_PERP | 0.1003 | −0.0241 | get 0.0030% / 1h | 21m 18s | $186K | $289K | 10x |
| Short | Variational Omni XPL | 0.09989 | 0.0100 | get 0.0050% / 4h | 21m 18s | $1.8M | $1.7M | — |
Backpack XPL_USDC_PERP
Variational Omni 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
- −$37.75
- Funding while held
- $10.22
- Slippage, 4 orders
- no order book: not counted
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$37.52
- Spread needed to break even
- 0.100%
Slippage unknown: Backpack: live order book, 29 min ago; Variational Omni: RFQ quote, 4 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0341%
- Per $10,000 a day
- +$10.22
- 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, 29 min ago | 3.93 bp | 13.2 bp −$13 | doesn't fit | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 4 min ago | 9.99 bp | doesn't fit | 89.9 bp −$899 | doesn't fit | doesn't fit |
XPL price on every exchange
against the cheapest. Click to use as the short leg.Reya0.07570cheapest
Phoenix0.09977+31.788%
Reya
PhoenixVariational Omni0.09989+31.949%
Bulk0.09998+32.068%Paradex0.09999+32.076%Pacifica0.1001+32.224%ApeX Omni0.1001+32.224%SunX0.1001+32.224%BloFin0.1001+32.251%Lighter0.1001+32.277%dYdX0.1001+32.278%BingX0.1002+32.330%Orderly0.1002+32.356%01 Exchange0.1002+32.370%HTX0.1002+32.370%Bybit0.1002+32.383%Gate0.1002+32.383%MEXC0.1002+32.383%gTrade (Gains Network)0.1002+32.392%KuCoin0.1002+32.396%GMX0.1002+32.405%Aster0.1003+32.445%
Bulk
Paradex
Pacifica
ApeX Omni
SunX
BloFin
Lighter
dYdX
BingX
Orderly
HTX
Bybit
Gate
MEXC
gTrade (Gains Network)
KuCoin
GMX
AsterBackpack0.1003+32.449%
Polymarket Perps0.1003+32.449%OKX0.1003+32.488%SoDEX0.1003+32.488%Extended0.1003+32.489%Binance0.1003+32.495%Deribit0.1003+32.541%Aevo0.1004+32.562%Bitget0.1004+32.581%Nado0.1004+32.591%Hyperliquid0.1004+32.647%Coinbase International0.1005+32.739%Kraken Futures0.1005+32.779%
Polymarket Perps
OKX
SoDEX
Extended
Binance
Deribit
Aevo
Bitget
Nado
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 | −24.499% | 0.0000% | 1h | — | — | — | as long as short |
| Phoenix XPL | −0.499% | +0.0312% | 1h | $204K | $596K | 10x | as long as short |
| Variational Omni XPLshort | −0.377% | +0.0100% | 4h | $1.8M | $1.7M | — | |
| Bulk XPL-USD | −0.287% | +0.0100% | 1h | $140K | $6K | 10x | as long as short |
| Paradex XPL-USD-PERP | −0.281% | +0.0093% | 8h | $13K | $1K | 5x | as long as short |
| Pacifica XPL | −0.170% | +0.0100% | 1h | $226K | $19K | 10x | as long as short |
| ApeX Omni XPLUSDT | −0.170% | +0.0100% | 1h | $30K | $88K | 50x | as long as short |
| SunX XPL-USDT | −0.170% | +0.0100% | 4h | $3K | $1.9M | 20x | as long as short |
| BloFin XPL-USDT | −0.150% | +0.0340% | 4h | $1.9M | $1.1M | 75x | as long as short |
| Lighter XPL | −0.130% | −0.0976% | 1h | $4.5M | $4.2M | 10x | as long as short |
Show all 35 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| dYdX XPL-USD | −0.129% | 0.0000% | 1h | $8K | — | 5x | as long as short |
| BingX XPL-USDT | −0.090% | +0.0100% | 4h | — | $7.9M | — | as long as short |
| Orderly PERP_XPL_USDC | −0.070% | +0.0030% | 4h | $28K | $331K | 10x | as long as short |
| 01 Exchange XPLUSD | −0.060% | −0.0200% | 1h | $583 | $3K | 5x | as long as short |
| HTX XPL-USDT | −0.060% | +0.0100% | 4h | $147K | $256K | 20x | as long as short |
| Bybit XPLUSDT | −0.050% | +0.0100% | 4h | $48.8M | $47.4M | 75x | as long as short |
| Gate XPL_USDT | −0.050% | +0.0100% | 4h | $3.1M | $3.9M | 75x | as long as short |
| MEXC XPL_USDT | −0.050% | +0.0100% | 4h | $14.4M | $7.4M | 100x | as long as short |
| gTrade (Gains Network) XPL/USD | −0.043% | L +0.0005% / S −0.0004% | 1h | $72K | — | 150x | as long as short |
| KuCoin XPLUSDTM | −0.040% | +0.0100% | 4h | $2.8M | $1.3M | 50x | as long as short |
| GMX XPL/USD [WBTC.b-USDC] | −0.033% | L −0.0040% / S +0.0453% | 1h | $134K | — | 100x | as long as short |
| Aster XPLUSDT | −0.003% | +0.0100% | 4h | $269K | $446K | 20x | as long as short |
| Backpack XPL_USDC_PERPlong | 0.000% | −0.0241% | 1h | $186K | $289K | 10x | |
| Polymarket Perps XPL-USD | 0.000% | +0.0100% | 1h | $140K | $3.5M | 10x | as long as short |
| OKX XPL-USDT-SWAP | +0.030% | +0.0100% | 4h | $9.7M | $52.7M | 50x | as long as short |
| SoDEX XPL-USD | +0.030% | +0.0100% | 1h | $214 | $9K | 10x | as long as short |
| Extended XPL-USD | +0.030% | +0.0104% | 1h | $653K | $802K | 25x | as long as short |
| Binance XPLUSDT | +0.035% | +0.0100% | 4h | $46.7M | $93.2M | 75x | as long as short |
| Deribit XPL_USDC-PERPETUAL | +0.070% | 0.0000% | 1h | $47K | $11K | 25x | as long as short |
| Aevo XPL-PERP | +0.086% | +0.0104% | 1h | $39K | $5K | 3x | as long as short |
| Bitget XPLUSDT | +0.100% | +0.0100% | 4h | $8.9M | $10.8M | 75x | as long as short |
| Nado XPL-PERP | +0.107% | +0.0100% | 1h | $1.5M | $2.4M | 10x | as long as short |
| Hyperliquid XPL | +0.150% | +0.0100% | 1h | $66.8M | $35.7M | 10x | as long as short |
| Coinbase International XPL-PERP-INTX | +0.219% | +0.0888% | 1h | $76K | $140K | 50x | as long as short |
| Kraken Futures PF_XPLUSD | +0.249% | +0.1634% | 1h | $150K | $436K | 10x | as long as short |