After costs, if the gap returns to its 7d average, $10k−$268
spread now−1.777%7d average−0.712%fees + slippage, in and out−$162spread needed1.619%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International XPL-PERP-INTX | 0.1030 | 0.0888 | pay 0.0111% / 1h | 47m 41s | $108K | $120K | 50x |
| Short | Lighter XPL | 0.1012 | −0.0816 | pay 0.0102% / 1h | 47m 41s | $4.6M | $4.1M | 10x |
Coinbase International XPL-PERP-INTX
Lighter 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
- −$177.7
- Funding while held
- −$51.12
- Slippage, 4 orders
- −$151.92
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$390.74
- Spread needed to break even
- 1.619%
Slippage from Coinbase International: live order book, 2 min ago; Lighter: live order book, 7 min ago.
Cost of waiting
funding view- Funding /8h
- −0.1704%
- Per $10,000 a day
- −$51.12
- 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 Coinbase International live order book, 2 min ago | 58.61 bp | 64.5 bp −$64 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter live order book, 7 min ago | 2.93 bp | 6.0 bp −$6 | 30.1 bp −$301 | doesn't fit | doesn't fit |
XPL price on every exchange
against the cheapest. Click to use as the short leg.Reya0.07571cheapest
SunX0.1011+33.542%Orderly0.1011+33.569%01 Exchange0.1011+33.595%Deribit0.1011+33.595%
Reya
SunX
Orderly
DeribitLighter0.1012+33.609%
Extended0.1012+33.669%BingX0.1012+33.675%SoDEX0.1012+33.675%Aevo0.1012+33.698%KuCoin0.1012+33.701%OKX0.1012+33.727%MEXC0.1012+33.727%Bitget0.1012+33.727%Backpack0.1013+33.754%Binance0.1013+33.762%Gate0.1013+33.780%Nado0.1013+33.787%gTrade (Gains Network)0.1013+33.793%GMX0.1013+33.796%dYdX0.1013+33.797%Bybit0.1013+33.807%Aster0.1013+33.855%Pacifica0.1014+33.879%Paradex0.1014+33.912%Polymarket Perps0.1014+33.939%Hyperliquid0.1014+33.965%Kraken Futures0.1014+34.001%BloFin0.1015+34.031%HTX0.1015+34.071%Bulk0.1022+34.995%Variational Omni0.1022+35.038%ApeX Omni0.1023+35.128%Phoenix0.1024+35.312%
Extended
BingX
SoDEX
Aevo
KuCoin
OKX
MEXC
Bitget
Backpack
Binance
Gate
Nado
gTrade (Gains Network)
GMX
dYdX
Bybit
Aster
Pacifica
Paradex
Polymarket Perps
Hyperliquid
Kraken Futures
BloFin
HTX
Bulk
Variational Omni
ApeX Omni
PhoenixCoinbase International0.1030+36.026%
XPL on 35 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Reya XPLRUSDPERP | −26.485% | 0.0000% | 1h | — | — | — | as long as short |
| SunX XPL-USDT | −1.826% | +0.0100% | 4h | $3K | $1.8M | 20x | as long as short |
| Orderly PERP_XPL_USDC | −1.806% | +0.0042% | 4h | $28K | $331K | 10x | as long as short |
| 01 Exchange XPLUSD | −1.787% | −0.0112% | 1h | $588 | $3K | 5x | as long as short |
| Deribit XPL_USDC-PERPETUAL | −1.787% | −0.0639% | 1h | $48K | $11K | 25x | as long as short |
| Lighter XPLshort | −1.777% | −0.0816% | 1h | $4.6M | $4.1M | 10x | |
| Extended XPL-USD | −1.733% | +0.0104% | 1h | $660K | $802K | 25x | as long as short |
| BingX XPL-USDT | −1.728% | +0.0100% | 4h | — | $7.8M | — | as long as short |
| SoDEX XPL-USD | −1.728% | +0.0100% | 1h | $212 | $9K | 10x | as long as short |
| Aevo XPL-PERP | −1.711% | +0.0104% | 1h | $39K | $5K | 3x | as long as short |
Show all 35 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| KuCoin XPLUSDTM | −1.709% | +0.0100% | 4h | $2.8M | $1.3M | 50x | as long as short |
| OKX XPL-USDT-SWAP | −1.690% | +0.0100% | 4h | $9.9M | $52.4M | 50x | as long as short |
| MEXC XPL_USDT | −1.690% | +0.0100% | 4h | $14.1M | $7.1M | 100x | as long as short |
| Bitget XPLUSDT | −1.690% | +0.0100% | 4h | $9.0M | $10.6M | 75x | as long as short |
| Backpack XPL_USDC_PERP | −1.670% | +0.0100% | 1h | $186K | $284K | 10x | as long as short |
| Binance XPLUSDT | −1.664% | +0.0100% | 4h | $47.5M | $91.1M | 75x | as long as short |
| Gate XPL_USDT | −1.651% | +0.0100% | 4h | $3.2M | $3.8M | 75x | as long as short |
| Nado XPL-PERP | −1.646% | +0.0100% | 1h | $1.5M | $2.3M | 10x | as long as short |
| gTrade (Gains Network) XPL/USD | −1.641% | L +0.0005% / S −0.0004% | 1h | $72K | — | 150x | as long as short |
| GMX XPL/USD [WBTC.b-USDC] | −1.639% | L −0.0038% / S +0.0452% | 1h | $135K | — | 100x | as long as short |
| dYdX XPL-USD | −1.638% | 0.0000% | 1h | $8K | — | 5x | as long as short |
| Bybit XPLUSDT | −1.631% | +0.0100% | 4h | $49.9M | $45.7M | 75x | as long as short |
| Aster XPLUSDT | −1.596% | +0.0100% | 4h | $273K | $441K | 20x | as long as short |
| Pacifica XPL | −1.578% | +0.0100% | 1h | $229K | $20K | 10x | as long as short |
| Paradex XPL-USD-PERP | −1.554% | +0.0092% | 8h | $13K | $1K | 5x | as long as short |
| Polymarket Perps XPL-USD | −1.534% | +0.0100% | 1h | $140K | $3.5M | 10x | as long as short |
| Hyperliquid XPL | −1.515% | +0.0254% | 1h | $67.5M | $35.3M | 10x | as long as short |
| Kraken Futures PF_XPLUSD | −1.489% | +0.1619% | 1h | $147K | $427K | 10x | as long as short |
| BloFin XPL-USDT | −1.466% | +0.0340% | 4h | $2.0M | $1.1M | 75x | as long as short |
| HTX XPL-USDT | −1.437% | +0.0100% | 4h | $149K | $256K | 20x | as long as short |
| Bulk XPL-USD | −0.757% | +0.0100% | 1h | $143K | $35K | 10x | as long as short |
| Variational Omni XPL | −0.726% | +0.0100% | 4h | $1.9M | $1.5M | — | as long as short |
| ApeX Omni XPLUSDT | −0.660% | +0.0100% | 1h | $30K | $88K | 50x | as long as short |
| Phoenix XPL | −0.524% | +0.0312% | 1h | $209K | $596K | 10x | as long as short |
| Coinbase International XPL-PERP-INTXlong | 0.000% | +0.0888% | 1h | $108K | $120K | 50x |