After costs, if the gap returns to its 7d average, $10k−$66
spread now−0.166%7d average+0.150%fees + slippage, in and out−$35spread needed0.347%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bulk XPL-USD | 0.1025 | 0.0100 | pay 0.0013% / 1h | 0m 09s | $144K | $35K | 10x |
| Short | Hyperliquid XPL | 0.1023 | 0.0436 | get 0.0054% / 1h | 0m 09s | $68.2M | $33.5M | 10x |
Bulk XPL-USD
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
- −$16.59
- Funding while held
- $10.08
- Slippage, 4 orders
- −$18.7
- Fee Bulk: 3.5 bp × 2 orders
- −$7
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$41.21
- Spread needed to break even
- 0.347%
Slippage from Bulk: live order book, 60 min ago; Hyperliquid: live order book, 5 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0336%
- Per $10,000 a day
- +$10.08
- 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 Bulk live order book, 60 min ago | 4.81 bp | 8.3 bp −$8 | 16.8 bp −$168 | 41.5 bp −$4,153 | 169.8 bp −$84.9K |
| Sell Hyperliquid live order book, 5 min ago | 0.49 bp | 8.4 bp −$8 | doesn't fit | doesn't fit | doesn't fit |
XPL price on every exchange
against the cheapest. Click to use as the short leg.Reya0.07571cheapest
Lighter0.1020+34.689%SunX0.1020+34.729%Extended0.1021+34.832%Paradex0.1021+34.845%Orderly0.1021+34.848%SoDEX0.1021+34.861%Deribit0.1021+34.861%Binance0.1021+34.900%MEXC0.1021+34.901%Aevo0.1021+34.911%Nado0.1021+34.920%OKX0.1022+34.927%Bybit0.1022+34.940%GMX0.1022+34.942%gTrade (Gains Network)0.1022+34.943%dYdX0.1022+34.953%BingX0.1022+34.953%Kraken Futures0.1022+34.966%Gate0.1022+34.980%KuCoin0.1022+34.980%Backpack0.1022+34.980%Pacifica0.1022+34.984%Aster0.1022+34.987%Polymarket Perps0.1022+34.993%Bitget0.1022+35.020%
Reya
Lighter
SunX
Extended
Paradex
Orderly
SoDEX
Deribit
Binance
MEXC
Aevo
Nado
OKX
Bybit
GMX
gTrade (Gains Network)
dYdX
BingX
Kraken Futures
Gate
KuCoin
Backpack
Pacifica
Aster
Polymarket Perps
BitgetHyperliquid0.1023+35.165%
01 Exchange0.1023+35.165%BloFin0.1023+35.191%HTX0.1024+35.218%Variational Omni0.1024+35.266%
BloFin
HTX
Variational OmniBulk0.1025+35.389%
ApeX Omni0.1025+35.389%Phoenix0.1026+35.535%Coinbase International0.1031+36.116%
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 | −26.139% | 0.0000% | 1h | — | — | — | as long as short |
| Lighter XPL | −0.517% | −0.0680% | 1h | $4.6M | $3.7M | 10x | as long as short |
| SunX XPL-USDT | −0.488% | +0.0100% | 4h | $2K | $1.8M | 20x | as long as short |
| Extended XPL-USD | −0.412% | +0.0104% | 1h | $653K | $749K | 25x | as long as short |
| Paradex XPL-USD-PERP | −0.402% | +0.0095% | 8h | $12K | $946 | 5x | as long as short |
| Orderly PERP_XPL_USDC | −0.400% | +0.0047% | 4h | $28K | $331K | 10x | as long as short |
| SoDEX XPL-USD | −0.390% | +0.0100% | 1h | $307 | $9K | 10x | as long as short |
| Deribit XPL_USDC-PERPETUAL | −0.390% | −0.0435% | 1h | $47K | $10K | 25x | as long as short |
| Binance XPLUSDT | −0.362% | +0.0100% | 4h | $48.0M | $86.5M | 75x | as long as short |
| MEXC XPL_USDT | −0.361% | +0.0100% | 4h | $14.4M | $6.9M | 100x | as long as short |
Show all 35 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Aevo XPL-PERP | −0.353% | +0.0104% | 1h | $40K | $5K | 3x | as long as short |
| Nado XPL-PERP | −0.346% | +0.0100% | 1h | $1.5M | $2.1M | 10x | as long as short |
| OKX XPL-USDT-SWAP | −0.341% | +0.0100% | 4h | $9.9M | $51.0M | 50x | as long as short |
| Bybit XPLUSDT | −0.332% | +0.0100% | 4h | $50.0M | $43.7M | 75x | as long as short |
| GMX XPL/USD [WBTC.b-USDC] | −0.331% | L −0.0032% / S +0.0446% | 1h | $136K | — | 100x | as long as short |
| gTrade (Gains Network) XPL/USD | −0.330% | L +0.0005% / S −0.0004% | 1h | $73K | — | 150x | as long as short |
| dYdX XPL-USD | −0.323% | 0.0000% | 1h | $9K | — | 5x | as long as short |
| BingX XPL-USDT | −0.322% | +0.0100% | 4h | — | $7.9M | — | as long as short |
| Kraken Futures PF_XPLUSD | −0.312% | +0.1158% | 1h | $136K | $379K | 10x | as long as short |
| Gate XPL_USDT | −0.302% | +0.0100% | 4h | $3.2M | $3.7M | 75x | as long as short |
| KuCoin XPLUSDTM | −0.302% | +0.0100% | 4h | $2.8M | $1.3M | 50x | as long as short |
| Backpack XPL_USDC_PERP | −0.302% | −0.0488% | 1h | $187K | $279K | 10x | as long as short |
| Pacifica XPL | −0.300% | +0.0100% | 1h | $230K | $18K | 10x | as long as short |
| Aster XPLUSDT | −0.297% | +0.0100% | 4h | $312K | $401K | 20x | as long as short |
| Polymarket Perps XPL-USD | −0.293% | +0.0100% | 1h | $139K | $3.6M | 10x | as long as short |
| Bitget XPLUSDT | −0.273% | +0.0100% | 4h | $9.2M | $9.9M | 75x | as long as short |
| Hyperliquid XPLshort | −0.166% | +0.0436% | 1h | $68.2M | $33.5M | 10x | |
| 01 Exchange XPLUSD | −0.166% | −0.0224% | 1h | $595 | $3K | 5x | as long as short |
| BloFin XPL-USDT | −0.146% | +0.0340% | 4h | $2.0M | $1.1M | 75x | as long as short |
| HTX XPL-USDT | −0.127% | +0.0100% | 4h | $152K | $251K | 20x | as long as short |
| Variational Omni XPL | −0.091% | +0.0100% | 4h | $1.9M | $1.4M | — | as long as short |
| Bulk XPL-USDlong | 0.000% | +0.0100% | 1h | $144K | $35K | 10x | |
| ApeX Omni XPLUSDT | 0.000% | +0.0100% | 1h | $32K | $83K | 50x | as long as short |
| Phoenix XPL | +0.107% | +0.0385% | 1h | $222K | $479K | 10x | as long as short |
| Coinbase International XPL-PERP-INTX | +0.537% | +0.0872% | 1h | $114K | $118K | 50x | as long as short |