After costs, if the gap returns to its 7d average, $10k−$44
spread now+0.206%7d average+0.103%fees + slippage, in and out−$54spread needed0.538%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit XPLUSDT | 0.1020 | 0.0100 | pay 0.0050% / 4h | 1h 58m | $50.0M | $43.5M | 75x |
| Short | Hyperliquid XPL | 0.1022 | 0.0223 | get 0.0028% / 1h | 58m 27s | $68.1M | $33.5M | 10x |
Bybit XPLUSDT
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
- $20.58
- Funding while held
- $3.69
- Slippage, 4 orders
- −$33.81
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$29.53
- Spread needed to break even
- 0.538%
Slippage from Bybit: live order book, 2 min ago; Hyperliquid: live order book, 7 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0123%
- Per $10,000 a day
- +$3.69
- 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 Bybit live order book, 2 min ago | 0.49 bp | 20.6 bp −$21 | 49.1 bp −$491 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 7 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
Lighter0.1019+34.633%KuCoin0.1020+34.713%Binance0.1020+34.726%SunX0.1020+34.726%OKX0.1020+34.739%
Reya
Lighter
KuCoin
Binance
SunX
OKXBybit0.1020+34.752%
Extended0.1020+34.754%BingX0.1020+34.766%Gate0.1021+34.805%Nado0.1021+34.832%Paradex0.1021+34.838%MEXC0.1021+34.845%SoDEX0.1021+34.858%Aster0.1021+34.875%BloFin0.1021+34.898%HTX0.1021+34.911%dYdX0.1021+34.913%Orderly0.1022+34.924%Bitget0.1022+34.950%Deribit0.1022+34.950%Pacifica0.1022+34.952%Polymarket Perps0.1022+34.990%gTrade (Gains Network)0.1022+34.991%GMX0.1022+34.999%Backpack0.1022+35.016%
Extended
BingX
Gate
Nado
Paradex
MEXC
SoDEX
Aster
BloFin
HTX
dYdX
Orderly
Bitget
Deribit
Pacifica
Polymarket Perps
gTrade (Gains Network)
GMX
BackpackHyperliquid0.1022+35.030%
Aevo0.1022+35.056%Phoenix0.1023+35.135%Kraken Futures0.1023+35.175%Variational Omni0.1024+35.263%Bulk0.1025+35.386%ApeX Omni0.1025+35.386%Coinbase International0.1031+36.113%
Aevo
Phoenix
Kraken Futures
Variational Omni
Bulk
ApeX Omni
Coinbase InternationalXPL on 34 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Reya XPLRUSDPERP | −25.790% | 0.0000% | 1h | — | — | — | as long as short |
| Lighter XPL | −0.088% | −0.1016% | 1h | $4.6M | $3.7M | 10x | as long as short |
| KuCoin XPLUSDTM | −0.029% | +0.0100% | 4h | $2.8M | $1.3M | 50x | as long as short |
| Binance XPLUSDT | −0.020% | +0.0100% | 4h | $48.0M | $86.4M | 75x | as long as short |
| SunX XPL-USDT | −0.020% | +0.0100% | 4h | $3K | $1.8M | 20x | as long as short |
| OKX XPL-USDT-SWAP | −0.010% | +0.0100% | 4h | $9.9M | $50.8M | 50x | as long as short |
| Bybit XPLUSDTlong | 0.000% | +0.0100% | 4h | $50.0M | $43.5M | 75x | |
| Extended XPL-USD | +0.001% | +0.0104% | 1h | $653K | $749K | 25x | as long as short |
| BingX XPL-USDT | +0.010% | +0.0100% | 4h | — | $7.9M | — | as long as short |
| Gate XPL_USDT | +0.039% | +0.0100% | 4h | $3.2M | $3.6M | 75x | as long as short |
Show all 34 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Nado XPL-PERP | +0.059% | +0.0100% | 1h | $1.5M | $2.1M | 10x | as long as short |
| Paradex XPL-USD-PERP | +0.064% | +0.0095% | 8h | $12K | $946 | 5x | as long as short |
| MEXC XPL_USDT | +0.069% | +0.0100% | 4h | $14.4M | $6.7M | 100x | as long as short |
| SoDEX XPL-USD | +0.078% | +0.0100% | 1h | $307 | $9K | 10x | as long as short |
| Aster XPLUSDT | +0.091% | +0.0100% | 4h | $312K | $401K | 20x | as long as short |
| BloFin XPL-USDT | +0.108% | +0.0340% | 4h | $2.0M | $1.1M | 75x | as long as short |
| HTX XPL-USDT | +0.118% | +0.0100% | 4h | $151K | $251K | 20x | as long as short |
| dYdX XPL-USD | +0.119% | 0.0000% | 1h | $9K | — | 5x | as long as short |
| Orderly PERP_XPL_USDC | +0.127% | +0.0047% | 4h | $28K | $331K | 10x | as long as short |
| Bitget XPLUSDT | +0.147% | +0.0100% | 4h | $9.2M | $9.9M | 75x | as long as short |
| Deribit XPL_USDC-PERPETUAL | +0.147% | −0.0337% | 1h | $47K | $10K | 25x | as long as short |
| Pacifica XPL | +0.148% | +0.0100% | 1h | $230K | $18K | 10x | as long as short |
| Polymarket Perps XPL-USD | +0.176% | +0.0100% | 1h | $139K | $3.6M | 10x | as long as short |
| gTrade (Gains Network) XPL/USD | +0.177% | L +0.0005% / S −0.0004% | 1h | $73K | — | 150x | as long as short |
| GMX XPL/USD [WBTC.b-USDC] | +0.183% | L −0.0032% / S +0.0446% | 1h | $136K | — | 100x | as long as short |
| Backpack XPL_USDC_PERP | +0.196% | −0.0571% | 1h | $187K | $276K | 10x | as long as short |
| Hyperliquid XPLshort | +0.206% | +0.0223% | 1h | $68.1M | $33.5M | 10x | |
| Aevo XPL-PERP | +0.225% | +0.0104% | 1h | $40K | $5K | 3x | as long as short |
| Phoenix XPL | +0.284% | +0.0385% | 1h | $222K | $473K | 10x | as long as short |
| Kraken Futures PF_XPLUSD | +0.314% | +0.0513% | 1h | $139K | $381K | 10x | as long as short |
| Variational Omni XPL | +0.379% | +0.0100% | 4h | $1.9M | $1.4M | — | as long as short |
| Bulk XPL-USD | +0.470% | +0.0100% | 1h | $144K | $35K | 10x | as long as short |
| ApeX Omni XPLUSDT | +0.470% | +0.0100% | 1h | $32K | $83K | 50x | as long as short |
| Coinbase International XPL-PERP-INTX | +1.010% | +0.0880% | 1h | $114K | $118K | 50x | as long as short |