Spread before costs (cost unknown: a leg has no order-book sample)−0.069%
7d average—if it closes, per $10,000$7funding while held, a day+$16.04
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit XPL_USDC-PERPETUAL | 0.1022 | −0.0435 | get 0.0054% / 1h | 1m 16s | $47K | $10K | 25x |
| Short | Bybit XPLUSDT | 0.1021 | 0.0100 | get 0.0050% / 4h | 1h 01m | $50.3M | $45.7M | 75x |
Deribit XPL_USDC-PERPETUAL
Bybit 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
- −$6.85
- Funding while held
- $16.04
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$8.81
- Spread needed to break even
- 0.180%
Slippage unknown: Deribit: no order-book sample; Bybit: live order book, 4 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0535%
- Per $10,000 a day
- +$16.04
- 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 Bybit live order book, 4 min ago | 0.49 bp | 19.9 bp −$20 | 48.4 bp −$484 | 300.1 bp −$30.0K | 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
Lighter0.1020+34.688%SunX0.1020+34.728%MEXC0.1020+34.768%Paradex0.1021+34.798%Gate0.1021+34.807%01 Exchange0.1021+34.834%SoDEX0.1021+34.860%dYdX0.1021+34.865%
Reya
Lighter
SunX
MEXC
Paradex
Gate
SoDEX
dYdXBybit0.1021+34.873%
Aster0.1021+34.886%Binance0.1021+34.887%Nado0.1021+34.890%KuCoin0.1021+34.900%BingX0.1021+34.900%Extended0.1021+34.904%Pacifica0.1021+34.909%OKX0.1022+34.952%GMX0.1022+34.956%
Aster
Binance
Nado
KuCoin
BingX
Extended
Pacifica
OKX
GMXDeribit0.1022+34.966%
gTrade (Gains Network)0.1022+34.979%Orderly0.1022+34.979%Aevo0.1022+35.003%Bitget0.1022+35.005%Polymarket Perps0.1022+35.019%Hyperliquid0.1023+35.071%Backpack0.1024+35.283%Kraken Futures0.1024+35.292%HTX0.1026+35.534%BloFin0.1027+35.639%ApeX Omni0.1027+35.653%Variational Omni0.1030+36.017%Phoenix0.1030+36.049%Bulk0.1031+36.172%Coinbase International0.1036+36.894%
gTrade (Gains Network)
Orderly
Aevo
Bitget
Polymarket Perps
Hyperliquid
Backpack
Kraken Futures
HTX
BloFin
ApeX Omni
Variational Omni
Phoenix
Bulk
Coinbase InternationalXPL on 35 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Reya XPLRUSDPERP | −25.907% | 0.0000% | 1h | — | — | — | as long as short |
| Lighter XPL | −0.206% | −0.0976% | 1h | $4.6M | $4.1M | 10x | as long as short |
| SunX XPL-USDT | −0.176% | +0.0100% | 4h | $3K | $1.8M | 20x | as long as short |
| MEXC XPL_USDT | −0.147% | +0.0100% | 4h | $14.3M | $7.1M | 100x | as long as short |
| Paradex XPL-USD-PERP | −0.124% | +0.0090% | 8h | $12K | $946 | 5x | as long as short |
| Gate XPL_USDT | −0.117% | +0.0100% | 4h | $3.2M | $3.8M | 75x | as long as short |
| 01 Exchange XPLUSD | −0.098% | −0.0104% | 1h | $593 | $3K | 5x | as long as short |
| SoDEX XPL-USD | −0.078% | +0.0100% | 1h | $210 | $9K | 10x | as long as short |
| dYdX XPL-USD | −0.075% | 0.0000% | 1h | $9K | — | 5x | as long as short |
| Bybit XPLUSDTshort | −0.069% | +0.0100% | 4h | $50.3M | $45.7M | 75x |
Show all 35 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Aster XPLUSDT | −0.059% | +0.0100% | 4h | $276K | $441K | 20x | as long as short |
| Binance XPLUSDT | −0.058% | +0.0100% | 4h | $47.9M | $90.5M | 75x | as long as short |
| Nado XPL-PERP | −0.056% | +0.0100% | 1h | $1.5M | $2.3M | 10x | as long as short |
| KuCoin XPLUSDTM | −0.049% | +0.0100% | 4h | $2.8M | $1.3M | 50x | as long as short |
| BingX XPL-USDT | −0.049% | +0.0100% | 4h | — | $7.8M | — | as long as short |
| Extended XPL-USD | −0.046% | +0.0104% | 1h | $667K | $809K | 25x | as long as short |
| Pacifica XPL | −0.042% | +0.0100% | 1h | $230K | $19K | 10x | as long as short |
| OKX XPL-USDT-SWAP | −0.010% | +0.0100% | 4h | $10.0M | $52.8M | 50x | as long as short |
| GMX XPL/USD [WBTC.b-USDC] | −0.007% | L −0.0037% / S +0.0451% | 1h | $136K | — | 100x | as long as short |
| Deribit XPL_USDC-PERPETUALlong | 0.000% | −0.0435% | 1h | $47K | $10K | 25x | |
| gTrade (Gains Network) XPL/USD | +0.010% | L +0.0005% / S −0.0004% | 1h | $73K | — | 150x | as long as short |
| Orderly PERP_XPL_USDC | +0.010% | +0.0035% | 4h | $28K | $331K | 10x | as long as short |
| Aevo XPL-PERP | +0.027% | +0.0104% | 1h | $40K | $5K | 3x | as long as short |
| Bitget XPLUSDT | +0.029% | +0.0100% | 4h | $9.1M | $10.6M | 75x | as long as short |
| Polymarket Perps XPL-USD | +0.039% | +0.0100% | 1h | $141K | $3.6M | 10x | as long as short |
| Hyperliquid XPL | +0.078% | +0.0250% | 1h | $68.4M | $35.1M | 10x | as long as short |
| Backpack XPL_USDC_PERP | +0.235% | +0.0060% | 1h | $187K | $281K | 10x | as long as short |
| Kraken Futures PF_XPLUSD | +0.242% | +0.0513% | 1h | $142K | $418K | 10x | as long as short |
| HTX XPL-USDT | +0.421% | +0.0100% | 4h | $151K | $254K | 20x | as long as short |
| BloFin XPL-USDT | +0.499% | +0.0340% | 4h | $2.0M | $1.1M | 75x | as long as short |
| ApeX Omni XPLUSDT | +0.509% | +0.0100% | 1h | $30K | $87K | 50x | as long as short |
| Variational Omni XPL | +0.779% | +0.0100% | 4h | $2.0M | $1.5M | — | as long as short |
| Phoenix XPL | +0.803% | +0.0391% | 1h | $210K | $528K | 10x | as long as short |
| Bulk XPL-USD | +0.894% | +0.0100% | 1h | $144K | $35K | 10x | as long as short |
| Coinbase International XPL-PERP-INTX | +1.429% | +0.0880% | 1h | $109K | $121K | 50x | as long as short |