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Price arb /

XPL

all XPL markets
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Spread before costs (cost unknown: a leg has no order-book sample)+0.178%
7d average—if it closes, per $10,000$18funding while held, a day+$8.24
Long on gTrade (Gains Network)Short on Hyperliquid
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LonggTrade (Gains Network) XPL/USD0.09983L +0.0005% / S −0.0003%pay 0.0001% / 1h44m 22s$84K—150x
ShortHyperliquid XPL0.10000.0280get 0.0035% / 1h44m 22s$65.6M$43.4M10x

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
$17.78
Funding while held
$8.24
Slippage, 4 orders
no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
$7.02
Spread needed to break even
0.190%
Slippage unknown: gTrade (Gains Network): no order-book sample; Hyperliquid: live order book, 11 min ago. Net counts fees only.

Cost of waiting

funding view
Funding /8h
+0.0275%
Per $10,000 a day
+$8.24
Average in range /8h
—

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy gTrade (Gains Network) no order-book sample—————
Sell Hyperliquid live order book, 11 min ago0.05 bp14.1 bp −$14doesn't fitdoesn't fitdoesn'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
Bulk0.09906+30.851%Lighter0.09946+31.382%dYdX0.09962+31.589%Pacifica0.09963+31.612%Aster0.09964+31.614%Paradex0.09966+31.648%KuCoin0.09971+31.712%01 Exchange0.09974+31.752%Nado0.09974+31.755%Bybit0.09976+31.778%Gate0.09977+31.791%BingX0.09978+31.805%Binance0.09979+31.815%Orderly0.09980+31.831%SoDEX0.09980+31.831%Extended0.09981+31.847%OKX0.09982+31.857%
gTrade (Gains Network)0.09983+31.874%
Aevo0.09983+31.875%MEXC0.09984+31.884%Bitget0.09985+31.897%GMX0.09985+31.897%Deribit0.09985+31.897%HTX0.09985+31.897%SunX0.09990+31.963%Polymarket Perps0.09993+32.000%Variational Omni0.10000+32.092%ApeX Omni0.1000+32.095%
Hyperliquid0.1000+32.108%
Phoenix0.1001+32.174%BloFin0.1001+32.174%Backpack0.1001+32.240%Coinbase International0.1004+32.637%Kraken Futures0.1004+32.661%

XPL on 35 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Reya XPLRUSDPERP−24.170%0.0000%1h———as long as short
Bulk XPL-USD−0.776%+0.0100%1h$141K$53K10xas long as short
Lighter XPL−0.373%−0.0584%1h$4.5M$4.2M10xas long as short
dYdX XPL-USD−0.216%0.0000%1h$8K—5xas long as short
Pacifica XPL−0.199%+0.0100%1h$225K$14K10xas long as short
Aster XPLUSDT−0.197%+0.0100%4h$266K$459K20xas long as short
Paradex XPL-USD-PERP−0.171%+0.0098%8h$13K$2K5xas long as short
KuCoin XPLUSDTM−0.123%+0.0100%4h$2.4M$1.4M50xas long as short
01 Exchange XPLUSD−0.093%−0.0048%1h$580$5835xas long as short
Nado XPL-PERP−0.090%+0.0100%1h$1.4M$2.6M10xas long as short
Show all 35 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Bybit XPLUSDT−0.073%+0.0100%4h$47.9M$49.3M75xas long as short
Gate XPL_USDT−0.063%+0.0100%4h$3.0M$4.0M75xas long as short
BingX XPL-USDT−0.053%+0.0100%4h—$7.9M—as long as short
Binance XPLUSDT−0.044%+0.0100%4h$45.5M$99.8M75xas long as short
Orderly PERP_XPL_USDC−0.033%+0.0037%4h$28K$333K10xas long as short
SoDEX XPL-USD−0.033%+0.0100%1h$205$10K10xas long as short
Extended XPL-USD−0.020%+0.0104%1h$644K$843K25xas long as short
OKX XPL-USDT-SWAP−0.013%+0.0100%4h$9.3M$52.9M50xas long as short
gTrade (Gains Network) XPL/USDlong0.000%L +0.0005% / S −0.0003%1h$84K—150x
Aevo XPL-PERP+0.001%+0.0104%1h$39K$5K3xas long as short
MEXC XPL_USDT+0.008%+0.0100%4h$13.7M$7.3M100xas long as short
Bitget XPLUSDT+0.018%+0.0100%4h$8.7M$10.8M75xas long as short
GMX XPL/USD [WBTC.b-USDC]+0.018%L +0.0205% / S +0.0037%1h$139K—100xas long as short
Deribit XPL_USDC-PERPETUAL+0.018%0.0000%1h$50K$17K25xas long as short
HTX XPL-USDT+0.018%+0.0100%4h$144K$241K20xas long as short
SunX XPL-USDT+0.068%+0.0100%4h$3K$1.9M20xas long as short
Polymarket Perps XPL-USD+0.096%+0.0100%1h$131K$2.8M10xas long as short
Variational Omni XPL+0.165%+0.0100%4h$1.7M$1.8M—as long as short
ApeX Omni XPLUSDT+0.168%+0.0100%1h$26K$82K50xas long as short
Hyperliquid XPLshort+0.178%+0.0280%1h$65.6M$43.4M10x
Phoenix XPL+0.228%+0.0324%1h$204K$621K10xas long as short
BloFin XPL-USDT+0.228%+0.0340%4h$1.8M$1.2M75xas long as short
Backpack XPL_USDC_PERP+0.278%−0.0342%1h$185K$283K10xas long as short
Coinbase International XPL-PERP-INTX+0.578%+0.0848%1h$77K$117K50xas long as short
Kraken Futures PF_XPLUSD+0.597%+0.2742%1h$301K$685K10xas long as short