Spread before costs (cost unknown: a leg has no order-book sample)−0.089%
7d average—if it closes, per $10,000$9funding while held, a day+$16.29
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit XPL_USDC-PERPETUAL | 0.1009 | −0.0443 | get 0.0055% / 1h | 54m 04s | $46K | $10K | 25x |
| Short | Bitget XPLUSDT | 0.1008 | 0.0100 | get 0.0050% / 4h | 1h 54m | $9.0M | $9.9M | 75x |
Deribit XPL_USDC-PERPETUAL
Bitget XPLUSDTPrice 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
- −$8.92
- Funding while held
- $16.29
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$11.63
- Spread needed to break even
- 0.190%
Slippage unknown: Deribit: no order-book sample; Bitget: live order book, 1 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0543%
- Per $10,000 a day
- +$16.29
- 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 Deribit no order-book sample | — | — | — | — | — |
| Sell Bitget live order book, 1 min ago | 4.45 bp | 13.8 bp −$14 | 38.3 bp −$383 | doesn't fit | doesn't fit |
Deribit: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
XPL price on every exchange
against the cheapest. Click to use as the short leg.Reya0.07571cheapest
Binance0.1008+33.089%Lighter0.1008+33.129%OKX0.1008+33.129%BingX0.1008+33.129%SunX0.1008+33.142%
Reya
Binance
Lighter
OKX
BingX
SunXBitget0.1008+33.208%
Gate0.1009+33.221%Backpack0.1009+33.221%Bybit0.1009+33.248%KuCoin0.1009+33.248%SoDEX0.1009+33.274%MEXC0.1009+33.288%Orderly0.1009+33.301%Extended0.1009+33.306%
Gate
Backpack
Bybit
KuCoin
SoDEX
MEXC
Orderly
ExtendedDeribit0.1009+33.327%
Aevo0.1010+33.383%Aster0.1010+33.406%GMX0.1010+33.416%gTrade (Gains Network)0.1010+33.417%Hyperliquid0.1010+33.459%Polymarket Perps0.1011+33.578%Nado0.1012+33.611%dYdX0.1012+33.663%Pacifica0.1012+33.681%Kraken Futures0.1012+33.692%Paradex0.1012+33.696%BloFin0.1017+34.265%Phoenix0.1019+34.582%Bulk0.1020+34.685%ApeX Omni0.1020+34.727%HTX0.1020+34.727%Variational Omni0.1020+34.761%Coinbase International0.1031+36.114%
Aevo
Aster
GMX
gTrade (Gains Network)
Hyperliquid
Polymarket Perps
Nado
dYdX
Pacifica
Kraken Futures
Paradex
BloFin
Phoenix
Bulk
ApeX Omni
HTX
Variational 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 | −24.997% | 0.0000% | 1h | — | — | — | as long as short |
| Binance XPLUSDT | −0.178% | +0.0100% | 4h | $47.3M | $86.6M | 75x | as long as short |
| Lighter XPL | −0.149% | −0.1072% | 1h | $4.6M | $3.7M | 10x | as long as short |
| OKX XPL-USDT-SWAP | −0.149% | +0.0100% | 4h | $9.8M | $50.3M | 50x | as long as short |
| BingX XPL-USDT | −0.149% | +0.0100% | 4h | — | $7.9M | — | as long as short |
| SunX XPL-USDT | −0.139% | +0.0100% | 4h | $3K | $1.8M | 20x | as long as short |
| Bitget XPLUSDTshort | −0.089% | +0.0100% | 4h | $9.0M | $9.9M | 75x | |
| Gate XPL_USDT | −0.079% | +0.0100% | 4h | $3.1M | $3.6M | 75x | as long as short |
| Backpack XPL_USDC_PERP | −0.079% | −0.0729% | 1h | $184K | $276K | 10x | as long as short |
| Bybit XPLUSDT | −0.059% | +0.0100% | 4h | $49.4M | $43.5M | 75x | as long as short |
Show all 34 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| KuCoin XPLUSDTM | −0.059% | +0.0100% | 4h | $2.7M | $1.3M | 50x | as long as short |
| SoDEX XPL-USD | −0.040% | +0.0100% | 1h | $303 | $9K | 10x | as long as short |
| MEXC XPL_USDT | −0.030% | +0.0100% | 4h | $14.2M | $6.7M | 100x | as long as short |
| Orderly PERP_XPL_USDC | −0.020% | +0.0046% | 4h | $28K | $331K | 10x | as long as short |
| Extended XPL-USD | −0.016% | +0.0104% | 1h | $646K | $749K | 25x | as long as short |
| Deribit XPL_USDC-PERPETUALlong | 0.000% | −0.0443% | 1h | $46K | $10K | 25x | |
| Aevo XPL-PERP | +0.042% | +0.0104% | 1h | $39K | $5K | 3x | as long as short |
| Aster XPLUSDT | +0.059% | +0.0100% | 4h | $308K | $401K | 20x | as long as short |
| GMX XPL/USD [WBTC.b-USDC] | +0.066% | L −0.0033% / S +0.0446% | 1h | $134K | — | 100x | as long as short |
| gTrade (Gains Network) XPL/USD | +0.067% | L +0.0005% / S −0.0004% | 1h | $73K | — | 150x | as long as short |
| Hyperliquid XPL | +0.099% | +0.0151% | 1h | $67.3M | $33.5M | 10x | as long as short |
| Polymarket Perps XPL-USD | +0.188% | +0.0100% | 1h | $138K | $3.6M | 10x | as long as short |
| Nado XPL-PERP | +0.213% | +0.0100% | 1h | $1.4M | $2.1M | 10x | as long as short |
| dYdX XPL-USD | +0.252% | 0.0000% | 1h | $8K | — | 5x | as long as short |
| Pacifica XPL | +0.266% | +0.0100% | 1h | $228K | $18K | 10x | as long as short |
| Kraken Futures PF_XPLUSD | +0.273% | +0.0519% | 1h | $137K | $382K | 10x | as long as short |
| Paradex XPL-USD-PERP | +0.277% | +0.0095% | 8h | $12K | $946 | 5x | as long as short |
| BloFin XPL-USDT | +0.703% | +0.0340% | 4h | $2.0M | $1.1M | 75x | as long as short |
| Phoenix XPL | +0.941% | +0.0391% | 1h | $221K | $528K | 10x | as long as short |
| Bulk XPL-USD | +1.019% | +0.0100% | 1h | $143K | $35K | 10x | as long as short |
| ApeX Omni XPLUSDT | +1.050% | +0.0100% | 1h | $31K | $83K | 50x | as long as short |
| HTX XPL-USDT | +1.050% | +0.0100% | 4h | $151K | $251K | 20x | as long as short |
| Variational Omni XPL | +1.076% | +0.0100% | 4h | $1.9M | $1.4M | — | as long as short |
| Coinbase International XPL-PERP-INTX | +2.090% | +0.0880% | 1h | $114K | $118K | 50x | as long as short |