Spread before costs (cost unknown: a leg has no order-book sample)−0.136%
7d average—if it closes, per $10,000$14funding while held, a day−$0.50
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid XPL | 0.09864 | 0.0121 | pay 0.0015% / 1h | 59m 20s | $64.2M | $42.5M | 10x |
| Short | Aevo XPL-PERP | 0.09851 | 0.0104 | get 0.0013% / 1h | 59m 20s | $38K | $5K | 3x |
Hyperliquid XPL
Aevo XPL-PERPPrice 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
- −$13.58
- Funding while held
- −$0.5
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Aevo: 8 bp × 2 orders
- −$16
- Net
- −$39.09
- Spread needed to break even
- 0.250%
Slippage unknown: Hyperliquid: live order book, 6 min ago; Aevo: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0017%
- Per $10,000 a day
- −$0.50
- 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 Hyperliquid live order book, 6 min ago | 0.05 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell Aevo no order-book sample | — | — | — | — | — |
Aevo: 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
Variational Omni0.09803+29.487%ApeX Omni0.09830+29.844%Lighter0.09833+29.884%SunX0.09840+29.976%BloFin0.09840+29.976%Gate0.09842+30.003%Bybit0.09843+30.016%BingX0.09844+30.029%Nado0.09845+30.049%Binance0.09846+30.052%OKX0.09846+30.056%Extended0.09846+30.056%Orderly0.09847+30.069%MEXC0.09849+30.095%KuCoin0.09849+30.095%Deribit0.09849+30.095%Aster0.09849+30.101%Bitget0.09850+30.108%SoDEX0.09850+30.108%gTrade (Gains Network)0.09850+30.111%GMX0.09850+30.111%
Reya
Variational Omni
ApeX Omni
Lighter
SunX
BloFin
Gate
Bybit
BingX
Nado
Binance
OKX
Extended
Orderly
MEXC
KuCoin
Deribit
Aster
Bitget
SoDEX
gTrade (Gains Network)
GMXAevo0.09851+30.122%
Backpack0.09855+30.175%Paradex0.09857+30.197%Phoenix0.09859+30.227%dYdX0.09861+30.259%Pacifica0.09862+30.267%HTX0.09863+30.280%
Backpack
Paradex
Phoenix
dYdX
Pacifica
HTXHyperliquid0.09864+30.299%
01 Exchange0.09865+30.307%Polymarket Perps0.09871+30.389%Bulk0.09887+30.593%Kraken Futures0.09904+30.821%Coinbase International0.09923+31.073%
Polymarket Perps
Bulk
Kraken Futures
Coinbase InternationalXPL on 35 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Reya XPLRUSDPERP | −23.253% | 0.0000% | 1h | — | — | — | as long as short |
| Variational Omni XPL | −0.623% | +0.0100% | 4h | $1.7M | $1.8M | — | as long as short |
| ApeX Omni XPLUSDT | −0.349% | +0.0100% | 1h | $25K | $80K | 50x | as long as short |
| Lighter XPL | −0.318% | −0.0816% | 1h | $4.4M | $4.2M | 10x | as long as short |
| SunX XPL-USDT | −0.247% | +0.0100% | 4h | $2K | $1.9M | 20x | as long as short |
| BloFin XPL-USDT | −0.247% | +0.0340% | 4h | $1.8M | $1.2M | 75x | as long as short |
| Gate XPL_USDT | −0.227% | +0.0100% | 4h | $3.0M | $3.9M | 75x | as long as short |
| Bybit XPLUSDT | −0.217% | +0.0100% | 4h | $47.3M | $49.2M | 75x | as long as short |
| BingX XPL-USDT | −0.207% | +0.0100% | 4h | — | $7.9M | — | as long as short |
| Nado XPL-PERP | −0.192% | +0.0100% | 1h | $1.4M | $2.6M | 10x | as long as short |
Show all 35 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Binance XPLUSDT | −0.189% | +0.0100% | 4h | $44.9M | $99.3M | 75x | as long as short |
| OKX XPL-USDT-SWAP | −0.187% | +0.0100% | 4h | $9.2M | $52.1M | 50x | as long as short |
| Extended XPL-USD | −0.186% | +0.0104% | 1h | $629K | $834K | 25x | as long as short |
| Orderly PERP_XPL_USDC | −0.176% | +0.0031% | 4h | $27K | $333K | 10x | as long as short |
| MEXC XPL_USDT | −0.156% | +0.0100% | 4h | $13.6M | $7.2M | 100x | as long as short |
| KuCoin XPLUSDTM | −0.156% | +0.0100% | 4h | $2.4M | $1.4M | 50x | as long as short |
| Deribit XPL_USDC-PERPETUAL | −0.156% | 0.0000% | 1h | $49K | $17K | 25x | as long as short |
| Aster XPLUSDT | −0.151% | +0.0100% | 4h | $262K | $442K | 20x | as long as short |
| Bitget XPLUSDT | −0.146% | +0.0100% | 4h | $8.6M | $10.7M | 75x | as long as short |
| SoDEX XPL-USD | −0.146% | +0.0100% | 1h | $647 | $9K | 10x | as long as short |
| gTrade (Gains Network) XPL/USD | −0.144% | L +0.0005% / S −0.0004% | 1h | $73K | — | 150x | as long as short |
| GMX XPL/USD [WBTC.b-USDC] | −0.144% | L −0.0039% / S +0.0454% | 1h | $133K | — | 100x | as long as short |
| Aevo XPL-PERPshort | −0.136% | +0.0104% | 1h | $38K | $5K | 3x | |
| Backpack XPL_USDC_PERP | −0.095% | −0.0279% | 1h | $183K | $279K | 10x | as long as short |
| Paradex XPL-USD-PERP | −0.078% | +0.0097% | 8h | $13K | $2K | 5x | as long as short |
| Phoenix XPL | −0.055% | +0.0241% | 1h | $201K | $610K | 10x | as long as short |
| dYdX XPL-USD | −0.031% | 0.0000% | 1h | $8K | — | 5x | as long as short |
| Pacifica XPL | −0.024% | +0.0100% | 1h | $223K | $14K | 10x | as long as short |
| HTX XPL-USDT | −0.014% | +0.0100% | 4h | $143K | $240K | 20x | as long as short |
| Hyperliquid XPLlong | 0.000% | +0.0121% | 1h | $64.2M | $42.5M | 10x | |
| 01 Exchange XPLUSD | +0.006% | −0.0024% | 1h | $574 | $583 | 5x | as long as short |
| Polymarket Perps XPL-USD | +0.069% | +0.0100% | 1h | $120K | $2.8M | 10x | as long as short |
| Bulk XPL-USD | +0.226% | +0.0100% | 1h | $140K | $53K | 10x | as long as short |
| Kraken Futures PF_XPLUSD | +0.401% | +0.2781% | 1h | $291K | $664K | 10x | as long as short |
| Coinbase International XPL-PERP-INTX | +0.594% | +0.0848% | 1h | $77K | $116K | 50x | as long as short |