After costs, if the gap returns to its 7d average, $10k−$197
spread now−0.040%7d average+0.572%fees + slippage, in and out−$136spread needed1.358%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid XPL | 0.1003 | 0.0169 | pay 0.0021% / 1h | 32m 05s | $65.7M | $40.8M | 10x |
| Short | Coinbase International XPL-PERP-INTX | 0.1003 | 0.0840 | get 0.0105% / 1h | 32m 05s | $77K | $134K | 50x |
Hyperliquid XPL
Coinbase International XPL-PERP-INTXPrice 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
- −$3.99
- Funding while held
- $20.13
- Slippage, 4 orders
- −$116.83
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$119.69
- Spread needed to break even
- 1.358%
Slippage from Hyperliquid: live order book, 3 min ago; Coinbase International: live order book, 12 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0671%
- Per $10,000 a day
- +$20.13
- 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, 3 min ago | 2.00 bp | 13.1 bp −$13 | doesn't fit | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 12 min ago | 37.47 bp | 59.3 bp −$59 | doesn't fit | doesn't fit | doesn't fit |
XPL price on every exchange
against the cheapest. Click to use as the short leg.Reya0.07570cheapest
SunX0.09980+31.842%dYdX0.09981+31.856%BloFin0.09981+31.856%Paradex0.09982+31.871%Pacifica0.09984+31.894%01 Exchange0.09990+31.975%HTX0.09990+31.975%Nado0.09993+32.011%Lighter0.09993+32.014%KuCoin0.09994+32.027%Variational Omni0.09996+32.056%Polymarket Perps0.09997+32.074%Bulk0.1000+32.107%SoDEX0.1000+32.107%Orderly0.1000+32.120%Aster0.1000+32.135%gTrade (Gains Network)0.1000+32.161%Extended0.1000+32.171%Aevo0.1001+32.173%GMX0.1001+32.183%Gate0.1001+32.199%MEXC0.1001+32.199%Deribit0.1001+32.199%BingX0.1001+32.292%Backpack0.1002+32.371%ApeX Omni0.1002+32.371%Bybit0.1003+32.437%OKX0.1003+32.450%Binance0.1003+32.451%Phoenix0.1003+32.463%Bitget0.1003+32.477%
Reya
SunX
dYdX
BloFin
Paradex
Pacifica
HTX
Nado
Lighter
KuCoin
Variational Omni
Polymarket Perps
Bulk
SoDEX
Orderly
Aster
gTrade (Gains Network)
Extended
Aevo
GMX
Gate
MEXC
Deribit
BingX
Backpack
ApeX Omni
Bybit
OKX
Binance
Phoenix
BitgetCoinbase International0.1003+32.490%
Hyperliquid0.1003+32.543%
Kraken Futures0.1005+32.778%
Kraken FuturesXPL on 35 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Reya XPLRUSDPERP | −24.553% | 0.0000% | 1h | — | — | — | as long as short |
| SunX XPL-USDT | −0.528% | +0.0100% | 4h | $3K | $2.0M | 20x | as long as short |
| dYdX XPL-USD | −0.518% | 0.0000% | 1h | $8K | — | 5x | as long as short |
| BloFin XPL-USDT | −0.518% | +0.0340% | 4h | $1.8M | $1.2M | 75x | as long as short |
| Paradex XPL-USD-PERP | −0.507% | +0.0093% | 8h | $13K | $1K | 5x | as long as short |
| Pacifica XPL | −0.489% | +0.0100% | 1h | $226K | $15K | 10x | as long as short |
| 01 Exchange XPLUSD | −0.429% | −0.0152% | 1h | $581 | $582 | 5x | as long as short |
| HTX XPL-USDT | −0.429% | +0.0100% | 4h | $145K | $242K | 20x | as long as short |
| Nado XPL-PERP | −0.401% | +0.0100% | 1h | $1.5M | $2.5M | 10x | as long as short |
| Lighter XPL | −0.399% | −0.0952% | 1h | $4.5M | $4.2M | 10x | as long as short |
Show all 35 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| KuCoin XPLUSDTM | −0.389% | +0.0100% | 4h | $2.5M | $1.5M | 50x | as long as short |
| Variational Omni XPL | −0.367% | +0.0100% | 4h | $1.7M | $1.8M | — | as long as short |
| Polymarket Perps XPL-USD | −0.354% | +0.0100% | 1h | $135K | $3.5M | 10x | as long as short |
| Bulk XPL-USD | −0.329% | +0.0100% | 1h | $142K | $54K | 10x | as long as short |
| SoDEX XPL-USD | −0.329% | +0.0100% | 1h | $210 | $9K | 10x | as long as short |
| Orderly PERP_XPL_USDC | −0.319% | +0.0020% | 4h | $28K | $333K | 10x | as long as short |
| Aster XPLUSDT | −0.308% | +0.0100% | 4h | $269K | $456K | 20x | as long as short |
| gTrade (Gains Network) XPL/USD | −0.288% | L +0.0005% / S −0.0004% | 1h | $74K | — | 150x | as long as short |
| Extended XPL-USD | −0.280% | +0.0104% | 1h | $647K | $829K | 25x | as long as short |
| Aevo XPL-PERP | −0.279% | +0.0104% | 1h | $39K | $5K | 3x | as long as short |
| GMX XPL/USD [WBTC.b-USDC] | −0.271% | L −0.0040% / S +0.0454% | 1h | $135K | — | 100x | as long as short |
| Gate XPL_USDT | −0.259% | +0.0100% | 4h | $3.1M | $3.9M | 75x | as long as short |
| MEXC XPL_USDT | −0.259% | +0.0100% | 4h | $14.0M | $7.6M | 100x | as long as short |
| Deribit XPL_USDC-PERPETUAL | −0.259% | 0.0000% | 1h | $50K | $17K | 25x | as long as short |
| BingX XPL-USDT | −0.189% | +0.0100% | 4h | — | $7.9M | — | as long as short |
| Backpack XPL_USDC_PERP | −0.130% | −0.0169% | 1h | $185K | $287K | 10x | as long as short |
| ApeX Omni XPLUSDT | −0.130% | +0.0100% | 1h | $30K | $92K | 50x | as long as short |
| Bybit XPLUSDT | −0.080% | +0.0100% | 4h | $48.4M | $49.2M | 75x | as long as short |
| OKX XPL-USDT-SWAP | −0.070% | +0.0100% | 4h | $9.4M | $54.8M | 50x | as long as short |
| Binance XPLUSDT | −0.069% | +0.0100% | 4h | $45.7M | $99.1M | 75x | as long as short |
| Phoenix XPL | −0.060% | +0.0245% | 1h | $205K | $618K | 10x | as long as short |
| Bitget XPLUSDT | −0.050% | +0.0100% | 4h | $8.7M | $11.2M | 75x | as long as short |
| Coinbase International XPL-PERP-INTXshort | −0.040% | +0.0840% | 1h | $77K | $134K | 50x | |
| Hyperliquid XPLlong | 0.000% | +0.0169% | 1h | $65.7M | $40.8M | 10x | |
| Kraken Futures PF_XPLUSD | +0.178% | +0.1426% | 1h | $257K | $586K | 10x | as long as short |