After costs, if the gap returns to its 7d average, $10k−$78
spread now+0.020%7d average+0.200%fees + slippage, in and out−$60spread needed0.599%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit XPLUSDT | 0.09945 | 0.0100 | pay 0.0050% / 4h | 2h 31m | $47.8M | $49.1M | 75x |
| Short | Phoenix XPL | 0.09947 | 0.0241 | get 0.0030% / 1h | 31m 51s | $203K | $623K | 10x |
Bybit XPLUSDT
Phoenix 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
- $2.01
- Funding while held
- $4.22
- Slippage, 4 orders
- −$41.94
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$53.71
- Spread needed to break even
- 0.599%
Slippage from Bybit: live order book, 4 min ago; Phoenix: live order book, 8 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0141%
- Per $10,000 a day
- +$4.22
- 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 Bybit live order book, 4 min ago | 0.50 bp | 14.9 bp −$15 | 59.0 bp −$590 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 8 min ago | 1.00 bp | 14.5 bp −$15 | 47.9 bp −$479 | doesn't fit | doesn't fit |
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%KuCoin0.09938+31.274%dYdX0.09939+31.283%Gate0.09939+31.287%Polymarket Perps0.09940+31.298%SoDEX0.09940+31.300%BloFin0.09940+31.300%GMX0.09941+31.319%MEXC0.09942+31.327%gTrade (Gains Network)0.09942+31.328%Aster0.09943+31.345%BingX0.09944+31.353%Deribit0.09944+31.353%
Reya
SunX
Nado
Bulk
Paradex
Lighter
HTX
Pacifica
Orderly
KuCoin
dYdX
Gate
Polymarket Perps
SoDEX
BloFin
GMX
MEXC
gTrade (Gains Network)
Aster
BingX
DeribitBybit0.09945+31.366%
Backpack0.09947+31.393%
BackpackPhoenix0.09947+31.393%
Extended0.09948+31.412%Aevo0.09949+31.413%Bitget0.09951+31.446%Binance0.09952+31.459%OKX0.09952+31.459%Variational Omni0.09957+31.528%Hyperliquid0.09961+31.572%ApeX Omni0.09970+31.697%Kraken Futures0.09981+31.848%Coinbase International0.1013+33.836%
Extended
Aevo
Bitget
Binance
OKX
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 | −23.877% | 0.0000% | 1h | — | — | — | as long as short |
| SunX XPL-USDT | −0.352% | +0.0100% | 4h | $3K | $1.9M | 20x | as long as short |
| 01 Exchange XPLUSD | −0.302% | −0.0168% | 1h | $576 | $583 | 5x | as long as short |
| Nado XPL-PERP | −0.189% | +0.0100% | 1h | $1.4M | $2.6M | 10x | as long as short |
| Bulk XPL-USD | −0.168% | +0.0100% | 1h | $141K | $52K | 10x | as long as short |
| Paradex XPL-USD-PERP | −0.163% | +0.0095% | 8h | $13K | $2K | 5x | as long as short |
| Lighter XPL | −0.151% | −0.0880% | 1h | $4.5M | $4.2M | 10x | as long as short |
| HTX XPL-USDT | −0.151% | +0.0100% | 4h | $144K | $239K | 20x | as long as short |
| Pacifica XPL | −0.134% | +0.0100% | 1h | $225K | $15K | 10x | as long as short |
| Orderly PERP_XPL_USDC | −0.080% | +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 | |
|---|---|---|---|---|---|---|---|
| KuCoin XPLUSDTM | −0.070% | +0.0100% | 4h | $2.5M | $1.4M | 50x | as long as short |
| dYdX XPL-USD | −0.063% | 0.0000% | 1h | $8K | — | 5x | as long as short |
| Gate XPL_USDT | −0.060% | +0.0096% | 4h | $3.0M | $3.9M | 75x | as long as short |
| Polymarket Perps XPL-USD | −0.052% | +0.0100% | 1h | $135K | $3.2M | 10x | as long as short |
| SoDEX XPL-USD | −0.050% | +0.0100% | 1h | $297 | $9K | 10x | as long as short |
| BloFin XPL-USDT | −0.050% | +0.0340% | 4h | $1.9M | $1.2M | 75x | as long as short |
| GMX XPL/USD [WBTC.b-USDC] | −0.036% | L −0.0039% / S +0.0454% | 1h | $134K | — | 100x | as long as short |
| MEXC XPL_USDT | −0.030% | +0.0100% | 4h | $13.9M | $7.4M | 100x | as long as short |
| gTrade (Gains Network) XPL/USD | −0.029% | L +0.0005% / S −0.0004% | 1h | $73K | — | 150x | as long as short |
| Aster XPLUSDT | −0.016% | +0.0100% | 4h | $265K | $442K | 20x | as long as short |
| BingX XPL-USDT | −0.010% | +0.0100% | 4h | — | $7.9M | — | as long as short |
| Deribit XPL_USDC-PERPETUAL | −0.010% | 0.0000% | 1h | $49K | $17K | 25x | as long as short |
| Bybit XPLUSDTlong | 0.000% | +0.0100% | 4h | $47.8M | $49.1M | 75x | |
| Backpack XPL_USDC_PERP | +0.020% | −0.0129% | 1h | $183K | $282K | 10x | as long as short |
| Phoenix XPLshort | +0.020% | +0.0241% | 1h | $203K | $623K | 10x | |
| Extended XPL-USD | +0.034% | +0.0104% | 1h | $638K | $835K | 25x | as long as short |
| Aevo XPL-PERP | +0.035% | +0.0104% | 1h | $39K | $5K | 3x | as long as short |
| Bitget XPLUSDT | +0.060% | +0.0100% | 4h | $8.7M | $10.7M | 75x | as long as short |
| Binance XPLUSDT | +0.070% | +0.0100% | 4h | $45.4M | $98.1M | 75x | as long as short |
| OKX XPL-USDT-SWAP | +0.070% | +0.0100% | 4h | $9.4M | $52.9M | 50x | as long as short |
| Variational Omni XPL | +0.123% | +0.0100% | 4h | $1.7M | $1.8M | — | as long as short |
| Hyperliquid XPL | +0.157% | +0.0100% | 1h | $64.8M | $41.5M | 10x | as long as short |
| ApeX Omni XPLUSDT | +0.251% | +0.0100% | 1h | $29K | $80K | 50x | as long as short |
| Kraken Futures PF_XPLUSD | +0.367% | +0.4768% | 1h | $252K | $595K | 10x | as long as short |
| Coinbase International XPL-PERP-INTX | +1.880% | +0.0840% | 1h | $78K | $122K | 50x | as long as short |