Spread before costs (cost unknown: a leg has no order-book sample)−0.059%
7d average−0.010%if it closes, per $10,000$6funding while held, a day+$4.00
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX XPL/USD [WBTC.b-USDC] | 0.1007 | L −0.0033% / S +0.0447% | get 0.0004% / 1h | 50m 48s | $134K | — | 100x |
| Short | Gate XPL_USDT | 0.1007 | 0.0100 | get 0.0050% / 4h | 1h 50m | $3.1M | $3.7M | 75x |
GMX XPL/USD [WBTC.b-USDC]
Gate XPL_USDTPrice 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
- −$5.86
- Funding while held
- $4
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$28.86
- Spread needed to break even
- 0.270%
Slippage unknown: GMX: no order-book sample; Gate: live order book, 4 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0133%
- Per $10,000 a day
- +$4.00
- 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 GMX no order-book sample | — | — | — | — | — |
| Sell Gate live order book, 4 min ago | 5.45 bp | 20.5 bp −$21 | 138.2 bp −$1,382 | doesn't fit | doesn'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.Reya0.07571cheapest
ApeX Omni0.1004+32.614%Lighter0.1005+32.733%SunX0.1006+32.878%HTX0.1006+32.878%Extended0.1006+32.899%Binance0.1006+32.918%Orderly0.1006+32.931%
Reya
ApeX Omni
Lighter
SunX
HTX
Extended
Binance
OrderlyGate0.1007+32.944%
Paradex0.1007+32.957%BloFin0.1007+32.958%BingX0.1007+32.971%Backpack0.1007+32.971%dYdX0.1007+32.976%Deribit0.1007+32.984%MEXC0.1007+32.997%KuCoin0.1007+32.997%SoDEX0.1007+33.010%
Paradex
BloFin
BingX
Backpack
dYdX
Deribit
MEXC
KuCoin
SoDEXGMX0.1007+33.022%
Bybit0.1007+33.024%OKX0.1007+33.024%Aster0.1007+33.034%gTrade (Gains Network)0.1007+33.034%Bitget0.1007+33.037%Aevo0.1007+33.043%Pacifica0.1008+33.113%Nado0.1008+33.156%Hyperliquid0.1008+33.209%Polymarket Perps0.1008+33.209%Kraken Futures0.1009+33.215%Variational Omni0.1009+33.287%Phoenix0.1010+33.446%Coinbase International0.1015+34.107%Bulk0.1020+34.686%
Bybit
OKX
Aster
gTrade (Gains Network)
Bitget
Aevo
Pacifica
Nado
Hyperliquid
Polymarket Perps
Kraken Futures
Variational Omni
Phoenix
Coinbase International
BulkXPL on 34 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Reya XPLRUSDPERP | −24.825% | 0.0000% | 1h | — | — | — | as long as short |
| ApeX Omni XPLUSDT | −0.307% | +0.0100% | 1h | $31K | $83K | 50x | as long as short |
| Lighter XPL | −0.217% | −0.1176% | 1h | $4.5M | $3.8M | 10x | as long as short |
| SunX XPL-USDT | −0.108% | +0.0100% | 4h | $2K | $1.8M | 20x | as long as short |
| HTX XPL-USDT | −0.108% | +0.0100% | 4h | $149K | $251K | 20x | as long as short |
| Extended XPL-USD | −0.093% | +0.0104% | 1h | $643K | $752K | 25x | as long as short |
| Binance XPLUSDT | −0.078% | +0.0100% | 4h | $47.3M | $87.0M | 75x | as long as short |
| Orderly PERP_XPL_USDC | −0.069% | +0.0046% | 4h | $28K | $331K | 10x | as long as short |
| Gate XPL_USDTshort | −0.059% | +0.0100% | 4h | $3.1M | $3.7M | 75x | |
| Paradex XPL-USD-PERP | −0.049% | +0.0095% | 8h | $12K | $946 | 5x | as long as short |
Show all 34 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| BloFin XPL-USDT | −0.049% | +0.0340% | 4h | $2.0M | $1.1M | 75x | as long as short |
| BingX XPL-USDT | −0.039% | +0.0100% | 4h | — | $7.9M | — | as long as short |
| Backpack XPL_USDC_PERP | −0.039% | −0.0740% | 1h | $184K | $277K | 10x | as long as short |
| dYdX XPL-USD | −0.035% | 0.0000% | 1h | $8K | — | 5x | as long as short |
| Deribit XPL_USDC-PERPETUAL | −0.029% | −0.0246% | 1h | $46K | $10K | 25x | as long as short |
| MEXC XPL_USDT | −0.019% | +0.0100% | 4h | $14.1M | $6.8M | 100x | as long as short |
| KuCoin XPLUSDTM | −0.019% | +0.0100% | 4h | $2.7M | $1.3M | 50x | as long as short |
| SoDEX XPL-USD | −0.009% | +0.0100% | 1h | $302 | $9K | 10x | as long as short |
| GMX XPL/USD [WBTC.b-USDC]long | 0.000% | L −0.0033% / S +0.0447% | 1h | $134K | — | 100x | |
| Bybit XPLUSDT | +0.001% | +0.0100% | 4h | $49.2M | $43.8M | 75x | as long as short |
| OKX XPL-USDT-SWAP | +0.001% | +0.0100% | 4h | $9.8M | $50.4M | 50x | as long as short |
| Aster XPLUSDT | +0.009% | +0.0100% | 4h | $307K | $402K | 20x | as long as short |
| gTrade (Gains Network) XPL/USD | +0.009% | L +0.0005% / S −0.0004% | 1h | $73K | — | 150x | as long as short |
| Bitget XPLUSDT | +0.011% | +0.0100% | 4h | $9.0M | $10.0M | 75x | as long as short |
| Aevo XPL-PERP | +0.016% | +0.0104% | 1h | $39K | $5K | 3x | as long as short |
| Pacifica XPL | +0.069% | +0.0100% | 1h | $227K | $18K | 10x | as long as short |
| Nado XPL-PERP | +0.100% | +0.0100% | 1h | $1.4M | $2.2M | 10x | as long as short |
| Hyperliquid XPL | +0.140% | +0.0105% | 1h | $67.2M | $33.5M | 10x | as long as short |
| Polymarket Perps XPL-USD | +0.140% | +0.0100% | 1h | $137K | $3.6M | 10x | as long as short |
| Kraken Futures PF_XPLUSD | +0.144% | +0.0521% | 1h | $137K | $382K | 10x | as long as short |
| Variational Omni XPL | +0.199% | +0.0100% | 4h | $1.8M | $1.4M | — | as long as short |
| Phoenix XPL | +0.319% | +0.0391% | 1h | $219K | $528K | 10x | as long as short |
| Coinbase International XPL-PERP-INTX | +0.815% | +0.0880% | 1h | $107K | $121K | 50x | as long as short |
| Bulk XPL-USD | +1.250% | +0.0100% | 1h | $143K | $35K | 10x | as long as short |