Spread before costs (cost unknown: a leg has no order-book sample)−0.132%
7d average—if it closes, per $10,000$13funding while held, a day+$4.65
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit XPL_USDC-PERPETUAL | 0.09833 | −0.0055 | get 0.0007% / 1h | 57m 32s | $49K | $17K | 25x |
| Short | OKX XPL-USDT-SWAP | 0.09820 | 0.0100 | get 0.0050% / 4h | 3h 57m | $9.2M | $52.7M | 50x |
Deribit XPL_USDC-PERPETUAL
OKX XPL-USDT-SWAPPrice 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
- −$13.22
- Funding while held
- $4.65
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$25.57
- Spread needed to break even
- 0.170%
Slippage unknown: Deribit: no order-book sample; OKX: live order book, 3 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0155%
- Per $10,000 a day
- +$4.65
- 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 OKX live order book, 3 min ago | 0.51 bp | 21.3 bp −$21 | 49.9 bp −$499 | 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.Reya0.07570cheapest
BloFin0.09785+29.259%Variational Omni0.09788+29.292%Lighter0.09793+29.364%HTX0.09799+29.444%KuCoin0.09801+29.470%01 Exchange0.09804+29.510%Gate0.09809+29.576%MEXC0.09809+29.576%Bybit0.09810+29.589%Paradex0.09812+29.615%Extended0.09813+29.631%BingX0.09814+29.642%Pacifica0.09814+29.643%Nado0.09815+29.662%Binance0.09816+29.668%dYdX0.09818+29.693%
Reya
BloFin
Variational Omni
Lighter
HTX
KuCoin
Gate
MEXC
Bybit
Paradex
Extended
BingX
Pacifica
Nado
Binance
dYdXOKX0.09820+29.721%
ApeX Omni0.09820+29.721%SunX0.09820+29.721%Polymarket Perps0.09821+29.729%Bitget0.09821+29.734%Hyperliquid0.09822+29.747%Aster0.09823+29.762%Aevo0.09830+29.853%SoDEX0.09830+29.853%Orderly0.09832+29.879%
ApeX Omni
SunX
Polymarket Perps
Bitget
Hyperliquid
Aster
Aevo
SoDEX
OrderlyDeribit0.09833+29.893%
gTrade (Gains Network)0.09837+29.944%GMX0.09838+29.956%Backpack0.09840+29.985%Phoenix0.09848+30.091%Kraken Futures0.09897+30.742%Bulk0.09955+31.505%Coinbase International0.1015+34.041%
gTrade (Gains Network)
GMX
Backpack
Phoenix
Kraken Futures
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 | −23.013% | 0.0000% | 1h | — | — | — | as long as short |
| BloFin XPL-USDT | −0.488% | +0.0340% | 4h | $1.9M | $1.1M | 75x | as long as short |
| Variational Omni XPL | −0.462% | +0.0100% | 4h | $1.7M | $1.8M | — | as long as short |
| Lighter XPL | −0.407% | −0.1144% | 1h | $4.4M | $4.2M | 10x | as long as short |
| HTX XPL-USDT | −0.346% | +0.0100% | 4h | $142K | $253K | 20x | as long as short |
| KuCoin XPLUSDTM | −0.325% | +0.0100% | 4h | $2.5M | $1.4M | 50x | as long as short |
| 01 Exchange XPLUSD | −0.295% | −0.0416% | 1h | $570 | $582 | 5x | as long as short |
| Gate XPL_USDT | −0.244% | +0.0006% | 4h | $3.0M | $3.8M | 75x | as long as short |
| MEXC XPL_USDT | −0.244% | +0.0100% | 4h | $13.8M | $7.5M | 100x | as long as short |
| Bybit XPLUSDT | −0.234% | +0.0100% | 4h | $47.6M | $48.7M | 75x | as long as short |
Show all 35 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Paradex XPL-USD-PERP | −0.214% | +0.0092% | 8h | $12K | $1K | 5x | as long as short |
| Extended XPL-USD | −0.202% | +0.0104% | 1h | $633K | $824K | 25x | as long as short |
| BingX XPL-USDT | −0.193% | +0.0100% | 4h | — | $7.9M | — | as long as short |
| Pacifica XPL | −0.192% | +0.0100% | 1h | $222K | $15K | 10x | as long as short |
| Nado XPL-PERP | −0.178% | +0.0100% | 1h | $1.4M | $2.5M | 10x | as long as short |
| Binance XPLUSDT | −0.173% | +0.0100% | 4h | $44.9M | $96.7M | 75x | as long as short |
| dYdX XPL-USD | −0.154% | 0.0000% | 1h | $8K | — | 5x | as long as short |
| OKX XPL-USDT-SWAPshort | −0.132% | +0.0100% | 4h | $9.2M | $52.7M | 50x | |
| ApeX Omni XPLUSDT | −0.132% | +0.0100% | 1h | $29K | $88K | 50x | as long as short |
| SunX XPL-USDT | −0.132% | +0.0100% | 4h | $3K | $1.9M | 20x | as long as short |
| Polymarket Perps XPL-USD | −0.126% | +0.0100% | 1h | $135K | $3.5M | 10x | as long as short |
| Bitget XPLUSDT | −0.122% | +0.0100% | 4h | $8.6M | $11.1M | 75x | as long as short |
| Hyperliquid XPL | −0.112% | +0.0100% | 1h | $63.3M | $38.5M | 10x | as long as short |
| Aster XPLUSDT | −0.100% | +0.0100% | 4h | $265K | $449K | 20x | as long as short |
| Aevo XPL-PERP | −0.031% | +0.0104% | 1h | $38K | $5K | 3x | as long as short |
| SoDEX XPL-USD | −0.031% | +0.0100% | 1h | $207 | $9K | 10x | as long as short |
| Orderly PERP_XPL_USDC | −0.010% | +0.0022% | 4h | $27K | $331K | 10x | as long as short |
| Deribit XPL_USDC-PERPETUALlong | 0.000% | −0.0055% | 1h | $49K | $17K | 25x | |
| gTrade (Gains Network) XPL/USD | +0.040% | L +0.0005% / S −0.0004% | 1h | $54K | — | 150x | as long as short |
| GMX XPL/USD [WBTC.b-USDC] | +0.049% | L −0.0040% / S +0.0454% | 1h | $133K | — | 100x | as long as short |
| Backpack XPL_USDC_PERP | +0.071% | −0.0277% | 1h | $183K | $290K | 10x | as long as short |
| Phoenix XPL | +0.153% | +0.0312% | 1h | $201K | $593K | 10x | as long as short |
| Kraken Futures PF_XPLUSD | +0.654% | +0.1448% | 1h | $253K | $581K | 10x | as long as short |
| Bulk XPL-USD | +1.241% | +0.0100% | 1h | $140K | $6K | 10x | as long as short |
| Coinbase International XPL-PERP-INTX | +3.193% | +0.0840% | 1h | $76K | $135K | 50x | as long as short |