Spread before costs (cost unknown: a leg has no order-book sample)+0.086%
7d average—if it closes, per $10,000$9funding while held, a day−$13.62
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit XPL_USDC-PERPETUAL | 0.09939 | 0 | get 0.0000% / 1h | 20m 54s | $49K | $17K | 25x |
| Short | GMX XPL/USD [WBTC.b-USDC] | 0.09947 | L −0.0039% / S +0.0454% | pay 0.0057% / 1h | 20m 54s | $135K | — | 100x |
Deribit XPL_USDC-PERPETUAL
GMX XPL/USD [WBTC.b-USDC]Price 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
- $8.55
- Funding while held
- −$13.62
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- −$24.07
- Spread needed to break even
- 0.190%
Slippage unknown: Deribit: no order-book sample; GMX: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0454%
- Per $10,000 a day
- −$13.62
- 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 GMX no order-book sample | — | — | — | — | — |
Deribit and GMX: 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.Reya0.07570cheapest
Bybit0.09918+31.010%BingX0.09920+31.037%OKX0.09921+31.050%Extended0.09921+31.052%Binance0.09922+31.060%MEXC0.09922+31.063%Gate0.09924+31.089%Lighter0.09927+31.129%Bitget0.09928+31.142%Backpack0.09928+31.142%KuCoin0.09929+31.155%Aster0.09930+31.173%Hyperliquid0.09939+31.281%
Reya
Bybit
BingX
OKX
Extended
Binance
MEXC
Gate
Lighter
Bitget
Backpack
KuCoin
Aster
HyperliquidDeribit0.09939+31.288%
Aevo0.09940+31.301%SunX0.09940+31.301%SoDEX0.09940+31.301%Orderly0.09943+31.340%HTX0.09943+31.340%Nado0.09947+31.400%
Aevo
SunX
SoDEX
Orderly
HTX
NadoGMX0.09947+31.400%
Pacifica0.09949+31.421%gTrade (Gains Network)0.09949+31.425%Paradex0.09951+31.441%01 Exchange0.09953+31.472%dYdX0.09957+31.521%Polymarket Perps0.09959+31.552%BloFin0.09959+31.552%Bulk0.09960+31.565%Variational Omni0.09962+31.592%ApeX Omni0.09970+31.697%Kraken Futures0.09973+31.731%Phoenix0.09981+31.842%Coinbase International0.1013+33.837%
Pacifica
gTrade (Gains Network)
Paradex
dYdX
Polymarket Perps
BloFin
Bulk
Variational Omni
ApeX Omni
Kraken Futures
Phoenix
Coinbase InternationalXPL on 35 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Reya XPLRUSDPERP | −23.831% | 0.0000% | 1h | — | — | — | as long as short |
| Bybit XPLUSDT | −0.211% | +0.0100% | 4h | $47.7M | $49.1M | 75x | as long as short |
| BingX XPL-USDT | −0.191% | +0.0100% | 4h | — | $7.9M | — | as long as short |
| OKX XPL-USDT-SWAP | −0.181% | +0.0100% | 4h | $9.4M | $52.4M | 50x | as long as short |
| Extended XPL-USD | −0.179% | +0.0104% | 1h | $638K | $828K | 25x | as long as short |
| Binance XPLUSDT | −0.173% | +0.0100% | 4h | $45.2M | $98.1M | 75x | as long as short |
| MEXC XPL_USDT | −0.171% | +0.0100% | 4h | $13.8M | $7.4M | 100x | as long as short |
| Gate XPL_USDT | −0.151% | +0.0094% | 4h | $3.0M | $3.9M | 75x | as long as short |
| Lighter XPL | −0.121% | −0.0776% | 1h | $4.5M | $4.2M | 10x | as long as short |
| Bitget XPLUSDT | −0.111% | +0.0100% | 4h | $8.6M | $10.7M | 75x | as long as short |
Show all 35 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Backpack XPL_USDC_PERP | −0.111% | −0.0121% | 1h | $183K | $280K | 10x | as long as short |
| KuCoin XPLUSDTM | −0.101% | +0.0100% | 4h | $2.4M | $1.4M | 50x | as long as short |
| Aster XPLUSDT | −0.087% | +0.0100% | 4h | $264K | $441K | 20x | as long as short |
| Hyperliquid XPL | −0.005% | +0.0100% | 1h | $64.8M | $41.5M | 10x | as long as short |
| Deribit XPL_USDC-PERPETUALlong | 0.000% | 0.0000% | 1h | $49K | $17K | 25x | |
| Aevo XPL-PERP | +0.010% | +0.0104% | 1h | $39K | $5K | 3x | as long as short |
| SunX XPL-USDT | +0.010% | +0.0100% | 4h | $2K | $1.9M | 20x | as long as short |
| SoDEX XPL-USD | +0.010% | +0.0100% | 1h | $297 | $9K | 10x | as long as short |
| Orderly PERP_XPL_USDC | +0.040% | +0.0019% | 4h | $28K | $333K | 10x | as long as short |
| HTX XPL-USDT | +0.040% | +0.0100% | 4h | $144K | $239K | 20x | as long as short |
| Nado XPL-PERP | +0.086% | +0.0100% | 1h | $1.4M | $2.6M | 10x | as long as short |
| GMX XPL/USD [WBTC.b-USDC]short | +0.086% | L −0.0039% / S +0.0454% | 1h | $135K | — | 100x | |
| Pacifica XPL | +0.102% | +0.0100% | 1h | $225K | $14K | 10x | as long as short |
| gTrade (Gains Network) XPL/USD | +0.105% | L +0.0005% / S −0.0004% | 1h | $74K | — | 150x | as long as short |
| Paradex XPL-USD-PERP | +0.117% | +0.0096% | 8h | $13K | $2K | 5x | as long as short |
| 01 Exchange XPLUSD | +0.141% | −0.0160% | 1h | $579 | $583 | 5x | as long as short |
| dYdX XPL-USD | +0.178% | 0.0000% | 1h | $8K | — | 5x | as long as short |
| Polymarket Perps XPL-USD | +0.201% | +0.0100% | 1h | $136K | $3.2M | 10x | as long as short |
| BloFin XPL-USDT | +0.201% | +0.0340% | 4h | $1.9M | $1.2M | 75x | as long as short |
| Bulk XPL-USD | +0.211% | +0.0100% | 1h | $141K | $52K | 10x | as long as short |
| Variational Omni XPL | +0.232% | +0.0100% | 4h | $1.7M | $1.8M | — | as long as short |
| ApeX Omni XPLUSDT | +0.312% | +0.0100% | 1h | $29K | $78K | 50x | as long as short |
| Kraken Futures PF_XPLUSD | +0.338% | +0.4773% | 1h | $251K | $595K | 10x | as long as short |
| Phoenix XPL | +0.423% | +0.0241% | 1h | $204K | $623K | 10x | as long as short |
| Coinbase International XPL-PERP-INTX | +1.942% | +0.0840% | 1h | $78K | $122K | 50x | as long as short |