data as of
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Price arb /

XPL

all XPL markets
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Spread before costs (cost unknown: a leg has no order-book sample)−0.075%
7d average−0.037%if it closes, per $10,000$8funding while held, a day+$11.35
Long on GMXShort on BloFin
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGMX XPL/USD [WBTC.b-USDC]0.1007L −0.0038% / S +0.0452%get 0.0005% / 1h42m 55s$134K—100x
ShortBloFin XPL-USDT0.10060.0340get 0.0170% / 4h42m 55s$2.0M$1.1M75x

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
−$7.55
Funding while held
$11.35
Slippage, 4 orders
no order book: not counted
Fee GMX: 6 bp × 2 orders
−$12
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$20.2
Spread needed to break even
0.240%
Slippage unknown: GMX: no order-book sample; BloFin: live order book, 1 min ago. Net counts fees only.

Cost of waiting

funding view
Funding /8h
+0.0378%
Per $10,000 a day
+$11.35
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 GMX no order-book sample—————
Sell BloFin live order book, 1 min ago2.48 bp17.0 bp −$1730.5 bp −$30578.3 bp −$7,833doesn't fit
GMX: 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
Lighter0.1004+32.662%SunX0.1005+32.755%01 Exchange0.1005+32.768%Bybit0.1005+32.808%Binance0.1006+32.828%Extended0.1006+32.859%Gate0.1006+32.861%BingX0.1006+32.861%Deribit0.1006+32.861%
BloFin0.1006+32.874%
Orderly0.1006+32.887%SoDEX0.1006+32.887%Nado0.1006+32.900%OKX0.1006+32.913%Aevo0.1006+32.931%MEXC0.1006+32.940%Backpack0.1006+32.940%gTrade (Gains Network)0.1007+32.961%Aster0.1007+32.972%
GMX0.1007+32.974%
KuCoin0.1007+32.979%Bitget0.1007+32.979%Paradex0.1007+32.984%dYdX0.1007+33.006%Pacifica0.1007+33.019%Polymarket Perps0.1007+33.032%Kraken Futures0.1008+33.181%Hyperliquid0.1009+33.230%HTX0.1009+33.336%Variational Omni0.1012+33.658%ApeX Omni0.1012+33.680%Bulk0.1014+33.924%Phoenix0.1014+33.970%Coinbase International0.1030+36.031%

XPL on 35 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Reya XPLRUSDPERP−24.797%0.0000%1h———as long as short
Lighter XPL−0.234%−0.0800%1h$4.5M$4.1M10xas long as short
SunX XPL-USDT−0.165%+0.0100%4h$3K$1.8M20xas long as short
01 Exchange XPLUSD−0.155%−0.0192%1h$584$3K5xas long as short
Bybit XPLUSDT−0.125%+0.0100%4h$49.4M$45.9M75xas long as short
Binance XPLUSDT−0.110%+0.0100%4h$47.0M$91.4M75xas long as short
Extended XPL-USD−0.087%+0.0104%1h$656K$802K25xas long as short
Gate XPL_USDT−0.085%+0.0100%4h$3.1M$3.8M75xas long as short
BingX XPL-USDT−0.085%+0.0100%4h—$7.8M—as long as short
Deribit XPL_USDC-PERPETUAL−0.085%−0.0644%1h$47K$11K25xas long as short
Show all 35 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
BloFin XPL-USDTshort−0.075%+0.0340%4h$2.0M$1.1M75x
Orderly PERP_XPL_USDC−0.066%+0.0042%4h$28K$331K10xas long as short
SoDEX XPL-USD−0.066%+0.0100%1h$212$9K10xas long as short
Nado XPL-PERP−0.056%+0.0100%1h$1.5M$2.3M10xas long as short
OKX XPL-USDT-SWAP−0.046%+0.0100%4h$9.8M$52.2M50xas long as short
Aevo XPL-PERP−0.033%+0.0104%1h$39K$5K3xas long as short
MEXC XPL_USDT−0.026%+0.0100%4h$14.1M$7.2M100xas long as short
Backpack XPL_USDC_PERP−0.026%+0.0020%1h$183K$287K10xas long as short
gTrade (Gains Network) XPL/USD−0.010%L +0.0005% / S −0.0004%1h$72K—150xas long as short
Aster XPLUSDT−0.002%+0.0100%4h$272K$441K20xas long as short
GMX XPL/USD [WBTC.b-USDC]long0.000%L −0.0038% / S +0.0452%1h$134K—100x
KuCoin XPLUSDTM+0.004%+0.0100%4h$2.8M$1.3M50xas long as short
Bitget XPLUSDT+0.004%+0.0100%4h$9.0M$10.6M75xas long as short
Paradex XPL-USD-PERP+0.007%+0.0092%8h$13K$1K5xas long as short
dYdX XPL-USD+0.024%0.0000%1h$8K—5xas long as short
Pacifica XPL+0.034%+0.0100%1h$228K$20K10xas long as short
Polymarket Perps XPL-USD+0.044%+0.0100%1h$139K$3.5M10xas long as short
Kraken Futures PF_XPLUSD+0.156%+0.1629%1h$146K$427K10xas long as short
Hyperliquid XPL+0.193%+0.0159%1h$67.1M$35.3M10xas long as short
HTX XPL-USDT+0.272%+0.0100%4h$148K$255K20xas long as short
Variational Omni XPL+0.514%+0.0100%4h$1.9M$1.5M—as long as short
ApeX Omni XPLUSDT+0.530%+0.0100%1h$30K$88K50xas long as short
Bulk XPL-USD+0.715%+0.0100%1h$142K$15K10xas long as short
Phoenix XPL+0.749%+0.0312%1h$207K$596K10xas long as short
Coinbase International XPL-PERP-INTX+2.299%+0.0888%1h$108K$120K50xas long as short