Spread before costs (cost unknown: a leg has no order-book sample)−0.135%
7d average—if it closes, per $10,000$13funding while held, a day−$17.29
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX XPL/USD [WBTC.b-USDC] | 0.09799 | L −0.0040% / S +0.0454% | get 0.0005% / 1h | 59m 29s | $132K | — | 100x |
| Short | 01 Exchange XPLUSD | 0.09786 | −0.0616 | pay 0.0077% / 1h | 59m 29s | $569 | $582 | 5x |
GMX XPL/USD [WBTC.b-USDC]Price 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
- −$13.47
- Funding while held
- −$17.29
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee 01 Exchange: 3.5 bp × 2 orders
- −$7
- Net
- −$49.76
- Spread needed to break even
- 0.190%
Slippage unknown: GMX: no order-book sample; 01 Exchange: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0576%
- Per $10,000 a day
- −$17.29
- 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 01 Exchange no order-book sample | — | — | — | — | — |
GMX and 01 Exchange: 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
Aevo0.09776+29.148%SunX0.09780+29.195%Bybit0.09785+29.261%Orderly0.09785+29.261%Binance0.09785+29.263%Lighter0.09787+29.288%Variational Omni0.09788+29.295%Deribit0.09789+29.314%HTX0.09789+29.314%BingX0.09790+29.327%SoDEX0.09790+29.327%Nado0.09790+29.334%KuCoin0.09791+29.340%Backpack0.09793+29.367%OKX0.09794+29.380%Extended0.09795+29.387%Gate0.09796+29.407%gTrade (Gains Network)0.09798+29.436%BloFin0.09799+29.446%
Reya
Aevo
SunX
Bybit
Orderly
Binance
Lighter
Variational Omni
Deribit
HTX
BingX
SoDEX
Nado
KuCoin
Backpack
OKX
Extended
Gate
gTrade (Gains Network)
BloFinGMX0.09799+29.449%
Hyperliquid0.09800+29.455%dYdX0.09800+29.459%MEXC0.09800+29.459%Paradex0.09800+29.461%Bitget0.09805+29.525%Pacifica0.09808+29.564%Aster0.09809+29.578%ApeX Omni0.09810+29.591%Polymarket Perps0.09818+29.692%Phoenix0.09848+30.093%Kraken Futures0.09862+30.283%Bulk0.09955+31.508%Coinbase International0.1015+34.043%
Hyperliquid
dYdX
MEXC
Paradex
Bitget
Pacifica
Aster
ApeX Omni
Polymarket Perps
Phoenix
Kraken Futures
Bulk
Coinbase InternationalXPL on 35 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Reya XPLRUSDPERP | −22.749% | 0.0000% | 1h | — | — | — | as long as short |
| Aevo XPL-PERP | −0.233% | +0.0104% | 1h | $38K | $5K | 3x | as long as short |
| SunX XPL-USDT | −0.196% | +0.0100% | 4h | $2K | $1.9M | 20x | as long as short |
| Bybit XPLUSDT | −0.145% | +0.0100% | 4h | $47.5M | $48.7M | 75x | as long as short |
| Orderly PERP_XPL_USDC | −0.145% | +0.0022% | 4h | $27K | $331K | 10x | as long as short |
| Binance XPLUSDT | −0.144% | +0.0100% | 4h | $44.8M | $96.5M | 75x | as long as short |
| 01 Exchange XPLUSDshort | −0.135% | −0.0616% | 1h | $569 | $582 | 5x | |
| Lighter XPL | −0.124% | −0.0992% | 1h | $4.4M | $4.2M | 10x | as long as short |
| Variational Omni XPL | −0.119% | +0.0100% | 4h | $1.7M | $1.8M | — | as long as short |
| Deribit XPL_USDC-PERPETUAL | −0.104% | −0.0363% | 1h | $49K | $17K | 25x | as long as short |
Show all 35 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| HTX XPL-USDT | −0.104% | +0.0100% | 4h | $144K | $252K | 20x | as long as short |
| BingX XPL-USDT | −0.094% | +0.0100% | 4h | — | $8.0M | — | as long as short |
| SoDEX XPL-USD | −0.094% | +0.0100% | 1h | $206 | $9K | 10x | as long as short |
| Nado XPL-PERP | −0.089% | +0.0100% | 1h | $1.4M | $2.5M | 10x | as long as short |
| KuCoin XPLUSDTM | −0.084% | +0.0100% | 4h | $2.6M | $1.4M | 50x | as long as short |
| Backpack XPL_USDC_PERP | −0.063% | −0.0260% | 1h | $182K | $289K | 10x | as long as short |
| OKX XPL-USDT-SWAP | −0.053% | +0.0100% | 4h | $9.2M | $52.5M | 50x | as long as short |
| Extended XPL-USD | −0.048% | +0.0104% | 1h | $633K | $823K | 25x | as long as short |
| Gate XPL_USDT | −0.033% | +0.0100% | 4h | $3.0M | $3.8M | 75x | as long as short |
| gTrade (Gains Network) XPL/USD | −0.010% | L +0.0005% / S −0.0004% | 1h | $53K | — | 150x | as long as short |
| BloFin XPL-USDT | −0.002% | +0.0340% | 4h | $1.9M | $1.1M | 75x | as long as short |
| GMX XPL/USD [WBTC.b-USDC]long | 0.000% | L −0.0040% / S +0.0454% | 1h | $132K | — | 100x | |
| Hyperliquid XPL | +0.005% | +0.0100% | 1h | $63.3M | $38.4M | 10x | as long as short |
| dYdX XPL-USD | +0.008% | 0.0000% | 1h | $8K | — | 5x | as long as short |
| MEXC XPL_USDT | +0.008% | +0.0100% | 4h | $13.8M | $7.5M | 100x | as long as short |
| Paradex XPL-USD-PERP | +0.010% | +0.0092% | 8h | $12K | $1K | 5x | as long as short |
| Bitget XPLUSDT | +0.059% | +0.0100% | 4h | $8.6M | $11.1M | 75x | as long as short |
| Pacifica XPL | +0.089% | +0.0100% | 1h | $222K | $15K | 10x | as long as short |
| Aster XPLUSDT | +0.100% | +0.0100% | 4h | $264K | $449K | 20x | as long as short |
| ApeX Omni XPLUSDT | +0.110% | +0.0100% | 1h | $29K | $88K | 50x | as long as short |
| Polymarket Perps XPL-USD | +0.188% | +0.0100% | 1h | $137K | $3.5M | 10x | as long as short |
| Phoenix XPL | +0.498% | +0.0312% | 1h | $201K | $596K | 10x | as long as short |
| Kraken Futures PF_XPLUSD | +0.644% | +0.1666% | 1h | $222K | $541K | 10x | as long as short |
| Bulk XPL-USD | +1.591% | +0.0100% | 1h | $140K | $6K | 10x | as long as short |
| Coinbase International XPL-PERP-INTX | +3.549% | +0.0888% | 1h | $76K | $135K | 50x | as long as short |