Spread before costs (cost unknown: a leg has no order-book sample)+0.100%
7d average—if it closes, per $10,000$10funding while held, a day−$3.00
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate XPL_USDT | 0.1003 | 0.0100 | pay 0.0050% / 4h | 11m 56s | $3.1M | $3.9M | 75x |
| Short | Deribit XPL_USDC-PERPETUAL | 0.1004 | 0 | get 0.0000% / 1h | 11m 56s | $47K | $11K | 25x |
Gate XPL_USDT
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
- $9.97
- Funding while held
- −$3
- Slippage, 4 orders
- no order book: not counted
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$15.03
- Spread needed to break even
- 0.220%
Slippage unknown: Gate: live order book, 3 min ago; Deribit: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0100%
- Per $10,000 a day
- −$3.00
- 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 Gate live order book, 3 min ago | 5.94 bp | 29.3 bp −$29 | 141.5 bp −$1,415 | doesn't fit | doesn't fit |
| Sell Deribit no order-book sample | — | — | — | — | — |
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
Bybit0.1002+32.414%BingX0.1003+32.467%Bitget0.1003+32.480%Binance0.1003+32.488%SunX0.1003+32.493%01 Exchange0.1003+32.520%
Reya
Bybit
BingX
Bitget
Binance
SunXGate0.1003+32.520%
Paradex0.1003+32.522%OKX0.1003+32.533%MEXC0.1003+32.533%Lighter0.1003+32.546%Pacifica0.1004+32.579%Variational Omni0.1004+32.581%Nado0.1004+32.583%gTrade (Gains Network)0.1004+32.583%dYdX0.1004+32.590%GMX0.1004+32.591%KuCoin0.1004+32.599%Orderly0.1004+32.612%Polymarket Perps0.1004+32.625%SoDEX0.1004+32.625%
Paradex
OKX
MEXC
Lighter
Pacifica
Variational Omni
Nado
gTrade (Gains Network)
dYdX
GMX
KuCoin
Orderly
Polymarket Perps
SoDEXDeribit0.1004+32.652%
Extended0.1004+32.666%Aster0.1005+32.739%Aevo0.1005+32.754%Backpack0.1005+32.758%Bulk0.1005+32.771%BloFin0.1006+32.824%Kraken Futures0.1006+32.951%Hyperliquid0.1007+32.995%Phoenix0.1007+33.022%HTX0.1009+33.273%ApeX Omni0.1009+33.286%Coinbase International0.1015+34.039%
Extended
Aster
Aevo
Backpack
Bulk
BloFin
Kraken Futures
Hyperliquid
Phoenix
HTX
ApeX Omni
Coinbase InternationalXPL on 35 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Reya XPLRUSDPERP | −24.540% | 0.0000% | 1h | — | — | — | as long as short |
| Bybit XPLUSDT | −0.080% | +0.0100% | 4h | $48.8M | $47.6M | 75x | as long as short |
| BingX XPL-USDT | −0.040% | +0.0100% | 4h | — | $7.9M | — | as long as short |
| Bitget XPLUSDT | −0.030% | +0.0100% | 4h | $8.9M | $10.8M | 75x | as long as short |
| Binance XPLUSDT | −0.024% | +0.0100% | 4h | $46.6M | $93.7M | 75x | as long as short |
| SunX XPL-USDT | −0.020% | +0.0100% | 4h | $2K | $1.9M | 20x | as long as short |
| 01 Exchange XPLUSD | 0.000% | −0.0152% | 1h | $583 | $3K | 5x | as long as short |
| Gate XPL_USDTlong | 0.000% | +0.0100% | 4h | $3.1M | $3.9M | 75x | |
| Paradex XPL-USD-PERP | +0.002% | +0.0094% | 8h | $13K | $1K | 5x | as long as short |
| OKX XPL-USDT-SWAP | +0.010% | +0.0100% | 4h | $9.7M | $52.9M | 50x | as long as short |
Show all 35 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| MEXC XPL_USDT | +0.010% | +0.0100% | 4h | $14.4M | $7.5M | 100x | as long as short |
| Lighter XPL | +0.020% | −0.0880% | 1h | $4.5M | $4.2M | 10x | as long as short |
| Pacifica XPL | +0.045% | +0.0100% | 1h | $227K | $19K | 10x | as long as short |
| Variational Omni XPL | +0.046% | +0.0100% | 4h | $1.8M | $1.7M | — | as long as short |
| Nado XPL-PERP | +0.047% | +0.0100% | 1h | $1.5M | $2.4M | 10x | as long as short |
| gTrade (Gains Network) XPL/USD | +0.048% | L +0.0005% / S −0.0004% | 1h | $72K | — | 150x | as long as short |
| dYdX XPL-USD | +0.053% | 0.0000% | 1h | $8K | — | 5x | as long as short |
| GMX XPL/USD [WBTC.b-USDC] | +0.054% | L −0.0041% / S +0.0454% | 1h | $134K | — | 100x | as long as short |
| KuCoin XPLUSDTM | +0.060% | +0.0100% | 4h | $2.8M | $1.3M | 50x | as long as short |
| Orderly PERP_XPL_USDC | +0.070% | +0.0029% | 4h | $28K | $331K | 10x | as long as short |
| Polymarket Perps XPL-USD | +0.080% | +0.0100% | 1h | $139K | $3.5M | 10x | as long as short |
| SoDEX XPL-USD | +0.080% | +0.0100% | 1h | $216 | $9K | 10x | as long as short |
| Deribit XPL_USDC-PERPETUALshort | +0.100% | 0.0000% | 1h | $47K | $11K | 25x | |
| Extended XPL-USD | +0.110% | +0.0104% | 1h | $652K | $807K | 25x | as long as short |
| Aster XPLUSDT | +0.166% | +0.0100% | 4h | $270K | $447K | 20x | as long as short |
| Aevo XPL-PERP | +0.176% | +0.0104% | 1h | $39K | $5K | 3x | as long as short |
| Backpack XPL_USDC_PERP | +0.179% | −0.0205% | 1h | $187K | $289K | 10x | as long as short |
| Bulk XPL-USD | +0.190% | +0.0100% | 1h | $141K | $6K | 10x | as long as short |
| BloFin XPL-USDT | +0.229% | +0.0340% | 4h | $1.9M | $1.2M | 75x | as long as short |
| Kraken Futures PF_XPLUSD | +0.326% | +0.1632% | 1h | $150K | $439K | 10x | as long as short |
| Hyperliquid XPL | +0.359% | +0.0273% | 1h | $67.4M | $36.0M | 10x | as long as short |
| Phoenix XPL | +0.379% | +0.0312% | 1h | $205K | $596K | 10x | as long as short |
| HTX XPL-USDT | +0.568% | +0.0100% | 4h | $148K | $255K | 20x | as long as short |
| ApeX Omni XPLUSDT | +0.578% | +0.0100% | 1h | $30K | $89K | 50x | as long as short |
| Coinbase International XPL-PERP-INTX | +1.146% | +0.0888% | 1h | $76K | $142K | 50x | as long as short |