Spread before costs (cost unknown: a leg has no order-book sample)+0.021%
7d average—if it closes, per $10,000$2funding while held, a day−$24.53
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | gTrade (Gains Network) XPL/USD | 0.09859 | L +0.0005% / S −0.0004% | pay 0.0001% / 1h | 54m 37s | $73K | — | 150x |
| Short | Backpack XPL_USDC_PERP | 0.09861 | −0.0812 | pay 0.0102% / 1h | 54m 37s | $184K | $282K | 10x |
gTrade (Gains Network) XPL/USD
Backpack XPL_USDC_PERPPrice 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
- $2.08
- Funding while held
- −$24.53
- Slippage, 4 orders
- no order book: not counted
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$42.45
- Spread needed to break even
- 0.200%
Slippage unknown: gTrade (Gains Network): no order-book sample; Backpack: live order book, 40 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0818%
- Per $10,000 a day
- −$24.53
- 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 gTrade (Gains Network) no order-book sample | — | — | — | — | — |
| Sell Backpack live order book, 40 min ago | 0.50 bp | 10.9 bp −$11 | doesn't fit | doesn't fit | doesn't fit |
gTrade (Gains Network): 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
SunX0.09830+29.848%Aevo0.09836+29.930%Variational Omni0.09841+29.988%HTX0.09844+30.033%SoDEX0.09850+30.112%Nado0.09851+30.125%BloFin0.09852+30.138%Orderly0.09853+30.152%Deribit0.09856+30.191%GMX0.09857+30.208%
Reya
SunX
Aevo
Variational Omni
HTX
SoDEX
Nado
BloFin
Orderly
Deribit
GMXgTrade (Gains Network)0.09859+30.230%
Lighter0.09859+30.231%Polymarket Perps0.09859+30.232%ApeX Omni0.09860+30.244%
Lighter
Polymarket Perps
ApeX OmniBackpack0.09861+30.257%
Aster0.09862+30.269%KuCoin0.09865+30.310%Gate0.09866+30.323%Bybit0.09870+30.376%Paradex0.09870+30.381%OKX0.09871+30.389%Extended0.09872+30.398%MEXC0.09872+30.403%BingX0.09873+30.416%Pacifica0.09875+30.437%dYdX0.09875+30.443%01 Exchange0.09878+30.482%Bitget0.09879+30.495%Binance0.09880+30.508%Hyperliquid0.09886+30.594%Kraken Futures0.09891+30.651%Phoenix0.09897+30.733%Bulk0.09914+30.953%Coinbase International0.1002+32.397%
Aster
KuCoin
Gate
Bybit
Paradex
OKX
Extended
MEXC
BingX
Pacifica
dYdX
Bitget
Binance
Hyperliquid
Kraken Futures
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 | −23.213% | 0.0000% | 1h | — | — | — | as long as short |
| SunX XPL-USDT | −0.294% | +0.0100% | 4h | $3K | $1.9M | 20x | as long as short |
| Aevo XPL-PERP | −0.231% | +0.0104% | 1h | $38K | $5K | 3x | as long as short |
| Variational Omni XPL | −0.186% | +0.0100% | 4h | $1.7M | $1.8M | — | as long as short |
| HTX XPL-USDT | −0.152% | +0.0100% | 4h | $141K | $243K | 20x | as long as short |
| SoDEX XPL-USD | −0.091% | +0.0100% | 1h | $352 | $10K | 10x | as long as short |
| Nado XPL-PERP | −0.081% | +0.0100% | 1h | $1.4M | $2.6M | 10x | as long as short |
| BloFin XPL-USDT | −0.070% | +0.0340% | 4h | $1.8M | $1.2M | 75x | as long as short |
| Orderly PERP_XPL_USDC | −0.060% | +0.0050% | 4h | $27K | $333K | 10x | as long as short |
| Deribit XPL_USDC-PERPETUAL | −0.030% | −0.0054% | 1h | $49K | $17K | 25x | as long as short |
Show all 35 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| GMX XPL/USD [WBTC.b-USDC] | −0.017% | L −0.0039% / S +0.0454% | 1h | $133K | — | 100x | as long as short |
| gTrade (Gains Network) XPL/USDlong | 0.000% | L +0.0005% / S −0.0004% | 1h | $73K | — | 150x | |
| Lighter XPL | +0.001% | −0.0728% | 1h | $4.5M | $4.2M | 10x | as long as short |
| Polymarket Perps XPL-USD | +0.002% | +0.0100% | 1h | $132K | $2.7M | 10x | as long as short |
| ApeX Omni XPLUSDT | +0.011% | +0.0100% | 1h | $25K | $83K | 50x | as long as short |
| Backpack XPL_USDC_PERPshort | +0.021% | −0.0812% | 1h | $184K | $282K | 10x | |
| Aster XPLUSDT | +0.030% | +0.0100% | 4h | $258K | $487K | 20x | as long as short |
| KuCoin XPLUSDTM | +0.061% | +0.0100% | 4h | $2.4M | $1.4M | 50x | as long as short |
| Gate XPL_USDT | +0.072% | +0.0100% | 4h | $3.1M | $4.0M | 75x | as long as short |
| Bybit XPLUSDT | +0.112% | +0.0100% | 4h | $47.4M | $49.2M | 75x | as long as short |
| Paradex XPL-USD-PERP | +0.116% | +0.0098% | 8h | $13K | $2K | 5x | as long as short |
| OKX XPL-USDT-SWAP | +0.122% | +0.0100% | 4h | $9.2M | $52.2M | 50x | as long as short |
| Extended XPL-USD | +0.129% | +0.0104% | 1h | $660K | $915K | 25x | as long as short |
| MEXC XPL_USDT | +0.132% | +0.0100% | 4h | $13.8M | $7.3M | 100x | as long as short |
| BingX XPL-USDT | +0.143% | +0.0100% | 4h | — | $7.9M | — | as long as short |
| Pacifica XPL | +0.159% | +0.0100% | 1h | $223K | $14K | 10x | as long as short |
| dYdX XPL-USD | +0.164% | 0.0000% | 1h | $8K | — | 5x | as long as short |
| 01 Exchange XPLUSD | +0.193% | −0.0264% | 1h | $574 | $582 | 5x | as long as short |
| Bitget XPLUSDT | +0.203% | +0.0100% | 4h | $8.6M | $10.8M | 75x | as long as short |
| Binance XPLUSDT | +0.214% | +0.0100% | 4h | $45.0M | $100.2M | 75x | as long as short |
| Hyperliquid XPL | +0.279% | +0.0100% | 1h | $64.7M | $44.0M | 10x | as long as short |
| Kraken Futures PF_XPLUSD | +0.323% | +0.2839% | 1h | $290K | $692K | 10x | as long as short |
| Phoenix XPL | +0.386% | +0.0404% | 1h | $202K | $620K | 10x | as long as short |
| Bulk XPL-USD | +0.555% | +0.0100% | 1h | $141K | $54K | 10x | as long as short |
| Coinbase International XPL-PERP-INTX | +1.664% | +0.0880% | 1h | $77K | $117K | 50x | as long as short |