Spread before costs (cost unknown: a leg has no order-book sample)−0.161%
7d average−0.105%if it closes, per $10,000$16funding while held, a day−$27.05
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid XPL | 0.09873 | 0.1002 | pay 0.0125% / 1h | 59m 38s | $64.3M | $42.4M | 10x |
| Short | Bybit XPLUSDT | 0.09857 | 0.0100 | get 0.0050% / 4h | 1h 59m | $47.3M | $49.2M | 75x |
Hyperliquid XPL
Bybit XPLUSDTPrice 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
- −$16.1
- Funding while held
- −$27.05
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$63.16
- Spread needed to break even
- 0.200%
Slippage unknown: Hyperliquid: live order book, 5 min ago; Bybit: live order book, 1 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0902%
- Per $10,000 a day
- −$27.05
- 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, 5 min ago | 0.05 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 1 min ago | 1.01 bp | 11.2 bp −$11 | 57.2 bp −$572 | doesn't fit | doesn't fit |
XPL price on every exchange
against the cheapest. Click to use as the short leg.Reya0.07571cheapest
Variational Omni0.09803+29.487%SunX0.09820+29.712%HTX0.09829+29.831%Nado0.09834+29.894%Orderly0.09834+29.897%gTrade (Gains Network)0.09835+29.915%GMX0.09836+29.918%Polymarket Perps0.09837+29.938%Deribit0.09838+29.950%BloFin0.09838+29.950%SoDEX0.09840+29.976%Lighter0.09842+30.003%ApeX Omni0.09850+30.108%Aster0.09852+30.129%Backpack0.09855+30.175%Paradex0.09857+30.197%
Reya
Variational Omni
SunX
HTX
Nado
Orderly
gTrade (Gains Network)
GMX
Polymarket Perps
Deribit
BloFin
SoDEX
Lighter
ApeX Omni
Aster
Backpack
ParadexBybit0.09857+30.201%
Gate0.09858+30.214%MEXC0.09858+30.214%BingX0.09858+30.214%Binance0.09859+30.223%OKX0.09859+30.227%Extended0.09859+30.228%KuCoin0.09861+30.254%dYdX0.09861+30.259%Pacifica0.09862+30.267%Bitget0.09863+30.280%01 Exchange0.09865+30.307%
Gate
MEXC
BingX
Binance
OKX
Extended
KuCoin
dYdX
Pacifica
BitgetHyperliquid0.09873+30.411%
Aevo0.09878+30.480%Bulk0.09887+30.593%Kraken Futures0.09895+30.699%Phoenix0.09906+30.848%Coinbase International0.09987+31.918%
Aevo
Bulk
Kraken Futures
Phoenix
Coinbase InternationalXPL on 35 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Reya XPLRUSDPERP | −23.319% | 0.0000% | 1h | — | — | — | as long as short |
| Variational Omni XPL | −0.709% | +0.0100% | 4h | $1.7M | $1.8M | — | as long as short |
| SunX XPL-USDT | −0.536% | +0.0100% | 4h | $2K | $1.9M | 20x | as long as short |
| HTX XPL-USDT | −0.445% | +0.0100% | 4h | $142K | $240K | 20x | as long as short |
| Nado XPL-PERP | −0.397% | +0.0100% | 1h | $1.4M | $2.6M | 10x | as long as short |
| Orderly PERP_XPL_USDC | −0.394% | +0.0031% | 4h | $27K | $333K | 10x | as long as short |
| gTrade (Gains Network) XPL/USD | −0.380% | L +0.0005% / S −0.0004% | 1h | $73K | — | 150x | as long as short |
| GMX XPL/USD [WBTC.b-USDC] | −0.378% | L −0.0039% / S +0.0454% | 1h | $133K | — | 100x | as long as short |
| Polymarket Perps XPL-USD | −0.363% | +0.0100% | 1h | $120K | $2.8M | 10x | as long as short |
| Deribit XPL_USDC-PERPETUAL | −0.353% | 0.0000% | 1h | $49K | $17K | 25x | as long as short |
Show all 35 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| BloFin XPL-USDT | −0.353% | +0.0340% | 4h | $1.8M | $1.2M | 75x | as long as short |
| SoDEX XPL-USD | −0.333% | +0.0100% | 1h | $646 | $9K | 10x | as long as short |
| Lighter XPL | −0.313% | −0.0816% | 1h | $4.5M | $4.2M | 10x | as long as short |
| ApeX Omni XPLUSDT | −0.232% | +0.0100% | 1h | $25K | $80K | 50x | as long as short |
| Aster XPLUSDT | −0.217% | +0.0100% | 4h | $262K | $442K | 20x | as long as short |
| Backpack XPL_USDC_PERP | −0.181% | −0.0279% | 1h | $183K | $279K | 10x | as long as short |
| Paradex XPL-USD-PERP | −0.164% | +0.0097% | 8h | $13K | $2K | 5x | as long as short |
| Bybit XPLUSDTshort | −0.161% | +0.0100% | 4h | $47.3M | $49.2M | 75x | |
| Gate XPL_USDT | −0.151% | +0.0100% | 4h | $3.0M | $3.9M | 75x | as long as short |
| MEXC XPL_USDT | −0.151% | +0.0100% | 4h | $13.6M | $7.2M | 100x | as long as short |
| BingX XPL-USDT | −0.151% | +0.0100% | 4h | — | $7.9M | — | as long as short |
| Binance XPLUSDT | −0.144% | +0.0100% | 4h | $45.0M | $99.2M | 75x | as long as short |
| OKX XPL-USDT-SWAP | −0.141% | +0.0100% | 4h | $9.2M | $52.2M | 50x | as long as short |
| Extended XPL-USD | −0.140% | +0.0104% | 1h | $629K | $834K | 25x | as long as short |
| KuCoin XPLUSDTM | −0.121% | +0.0100% | 4h | $2.4M | $1.4M | 50x | as long as short |
| dYdX XPL-USD | −0.117% | 0.0000% | 1h | $8K | — | 5x | as long as short |
| Pacifica XPL | −0.110% | +0.0100% | 1h | $223K | $14K | 10x | as long as short |
| Bitget XPLUSDT | −0.100% | +0.0100% | 4h | $8.6M | $10.7M | 75x | as long as short |
| 01 Exchange XPLUSD | −0.080% | −0.0024% | 1h | $574 | $583 | 5x | as long as short |
| Hyperliquid XPLlong | 0.000% | +0.1002% | 1h | $64.3M | $42.4M | 10x | |
| Aevo XPL-PERP | +0.053% | +0.0104% | 1h | $38K | $5K | 3x | as long as short |
| Bulk XPL-USD | +0.139% | +0.0100% | 1h | $140K | $53K | 10x | as long as short |
| Kraken Futures PF_XPLUSD | +0.221% | +0.4810% | 1h | $291K | $660K | 10x | as long as short |
| Phoenix XPL | +0.335% | +0.0241% | 1h | $202K | $623K | 10x | as long as short |
| Coinbase International XPL-PERP-INTX | +1.156% | +0.0840% | 1h | $77K | $117K | 50x | as long as short |