Spread before costs (cost unknown: a leg has no order-book sample)+0.241%
7d average—if it closes, per $10,000$24funding while held, a day−$1.40
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | gTrade (Gains Network) XPL/USD | 0.1027 | L +0.0005% / S −0.0004% | pay 0.0001% / 1h | 35m 20s | $74K | — | 150x |
| Short | Deribit XPL_USDC-PERPETUAL | 0.1029 | −0.0041 | pay 0.0005% / 1h | 35m 20s | $47K | $10K | 25x |
gTrade (Gains Network) XPL/USD
Deribit XPL_USDC-PERPETUALPrice 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
- $24.15
- Funding while held
- −$1.4
- Slippage, 4 orders
- no order book: not counted
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $5.74
- Spread needed to break even
- 0.170%
Slippage unknown: gTrade (Gains Network): no order-book sample; Deribit: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0047%
- Per $10,000 a day
- −$1.40
- 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 Deribit no order-book sample | — | — | — | — | — |
gTrade (Gains Network) and 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
Lighter0.1022+35.031%Backpack0.1023+35.124%Paradex0.1023+35.171%Pacifica0.1024+35.301%Variational Omni0.1024+35.309%BloFin0.1024+35.309%Bulk0.1025+35.337%HTX0.1025+35.348%Aster0.1025+35.358%KuCoin0.1025+35.362%dYdX0.1025+35.362%Hyperliquid0.1025+35.401%Polymarket Perps0.1025+35.401%MEXC0.1026+35.454%Nado0.1026+35.477%Orderly0.1026+35.547%OKX0.1026+35.560%Gate0.1026+35.560%Binance0.1026+35.573%BingX0.1026+35.573%Bybit0.1027+35.599%GMX0.1027+35.627%
Reya
Lighter
Backpack
Paradex
Pacifica
Variational Omni
BloFin
Bulk
HTX
Aster
KuCoin
dYdX
Hyperliquid
Polymarket Perps
MEXC
Nado
Orderly
OKX
Gate
Binance
BingX
Bybit
GMXgTrade (Gains Network)0.1027+35.655%
Extended0.1029+35.889%Aevo0.1029+35.916%SunX0.1029+35.916%
Extended
Aevo
SunXDeribit0.1029+35.982%
Coinbase International0.1030+36.022%SoDEX0.1030+36.048%Bitget0.1031+36.114%ApeX Omni0.1031+36.181%Phoenix0.1032+36.286%Kraken Futures0.1033+36.506%
Coinbase International
SoDEX
Bitget
ApeX Omni
Phoenix
Kraken FuturesXPL on 34 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Reya XPLRUSDPERP | −26.283% | 0.0000% | 1h | — | — | — | as long as short |
| Lighter XPL | −0.460% | −0.0840% | 1h | $4.6M | $3.9M | 10x | as long as short |
| Backpack XPL_USDC_PERP | −0.391% | −0.0132% | 1h | $186K | $277K | 10x | as long as short |
| Paradex XPL-USD-PERP | −0.356% | +0.0094% | 8h | $12K | $946 | 5x | as long as short |
| Pacifica XPL | −0.261% | +0.0100% | 1h | $231K | $18K | 10x | as long as short |
| Variational Omni XPL | −0.255% | +0.0100% | 4h | $1.9M | $1.5M | — | as long as short |
| BloFin XPL-USDT | −0.255% | +0.0340% | 4h | $1.9M | $1.1M | 75x | as long as short |
| Bulk XPL-USD | −0.234% | +0.0100% | 1h | $144K | $35K | 10x | as long as short |
| HTX XPL-USDT | −0.226% | +0.0100% | 4h | $152K | $251K | 20x | as long as short |
| Aster XPLUSDT | −0.219% | +0.0100% | 4h | $312K | $403K | 20x | as long as short |
Show all 34 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| KuCoin XPLUSDTM | −0.216% | +0.0100% | 4h | $2.8M | $1.3M | 50x | as long as short |
| dYdX XPL-USD | −0.216% | 0.0000% | 1h | $9K | — | 5x | as long as short |
| Hyperliquid XPL | −0.187% | +0.0151% | 1h | $68.0M | $34.3M | 10x | as long as short |
| Polymarket Perps XPL-USD | −0.187% | +0.0100% | 1h | $142K | $3.6M | 10x | as long as short |
| MEXC XPL_USDT | −0.148% | +0.0100% | 4h | $14.6M | $6.9M | 100x | as long as short |
| Nado XPL-PERP | −0.131% | +0.0100% | 1h | $1.5M | $2.2M | 10x | as long as short |
| Orderly PERP_XPL_USDC | −0.080% | +0.0039% | 4h | $28K | $331K | 10x | as long as short |
| OKX XPL-USDT-SWAP | −0.070% | +0.0100% | 4h | $10.1M | $52.2M | 50x | as long as short |
| Gate XPL_USDT | −0.070% | +0.0100% | 4h | $3.2M | $3.7M | 75x | as long as short |
| Binance XPLUSDT | −0.060% | +0.0100% | 4h | $48.3M | $87.9M | 75x | as long as short |
| BingX XPL-USDT | −0.060% | +0.0100% | 4h | — | $7.9M | — | as long as short |
| Bybit XPLUSDT | −0.041% | +0.0100% | 4h | $50.5M | $44.8M | 75x | as long as short |
| GMX XPL/USD [WBTC.b-USDC] | −0.020% | L −0.0034% / S +0.0448% | 1h | $136K | — | 100x | as long as short |
| gTrade (Gains Network) XPL/USDlong | 0.000% | L +0.0005% / S −0.0004% | 1h | $74K | — | 150x | |
| Extended XPL-USD | +0.172% | +0.0104% | 1h | $674K | $781K | 25x | as long as short |
| Aevo XPL-PERP | +0.193% | +0.0104% | 1h | $40K | $5K | 3x | as long as short |
| SunX XPL-USDT | +0.193% | +0.0100% | 4h | $3K | $1.8M | 20x | as long as short |
| Deribit XPL_USDC-PERPETUALshort | +0.241% | −0.0041% | 1h | $47K | $10K | 25x | |
| Coinbase International XPL-PERP-INTX | +0.271% | +0.0880% | 1h | $108K | $120K | 50x | as long as short |
| SoDEX XPL-USD | +0.290% | +0.0100% | 1h | $309 | $9K | 10x | as long as short |
| Bitget XPLUSDT | +0.339% | +0.0100% | 4h | $9.3M | $10.3M | 75x | as long as short |
| ApeX Omni XPLUSDT | +0.388% | +0.0100% | 1h | $30K | $84K | 50x | as long as short |
| Phoenix XPL | +0.465% | +0.0391% | 1h | $223K | $528K | 10x | as long as short |
| Kraken Futures PF_XPLUSD | +0.628% | +0.0508% | 1h | $142K | $404K | 10x | as long as short |