Spread before costs (cost unknown: a leg has no order-book sample)−0.232%
7d average—if it closes, per $10,000$23funding while held, a day−$7.30
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid XPL | 0.1008 | 0.0243 | pay 0.0030% / 1h | 13m 29s | $67.4M | $35.9M | 10x |
| Short | dYdX XPL-USD | 0.1006 | 0 | get 0.0000% / 1h | 13m 29s | $8K | — | 5x |
Hyperliquid XPL
dYdX XPL-USDPrice 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
- −$23.22
- Funding while held
- −$7.3
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee dYdX: 5 bp × 2 orders
- −$10
- Net
- −$49.52
- Spread needed to break even
- 0.190%
Slippage unknown: Hyperliquid: live order book, 12 min ago; dYdX: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0243%
- Per $10,000 a day
- −$7.30
- 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, 12 min ago | 1.30 bp | 14.0 bp −$14 | doesn't fit | doesn't fit | doesn't fit |
| Sell dYdX no order-book sample | — | — | — | — | — |
dYdX: 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
Variational Omni0.1004+32.583%Lighter0.1005+32.719%Bulk0.1005+32.773%Bybit0.1005+32.799%
Reya
Variational Omni
Lighter
Bulk
BybitdYdX0.1006+32.833%
Binance0.1006+32.838%Paradex0.1006+32.886%OKX0.1006+32.891%Gate0.1006+32.891%MEXC0.1006+32.904%Bitget0.1006+32.904%BingX0.1006+32.904%Pacifica0.1006+32.907%KuCoin0.1006+32.917%01 Exchange0.1006+32.931%BloFin0.1006+32.931%Extended0.1006+32.939%Polymarket Perps0.1006+32.944%Aster0.1007+32.971%Phoenix0.1007+33.023%HTX0.1008+33.089%Nado0.1008+33.119%
Binance
Paradex
OKX
Gate
MEXC
Bitget
BingX
Pacifica
KuCoin
BloFin
Extended
Polymarket Perps
Aster
Phoenix
HTX
NadoHyperliquid0.1008+33.142%
ApeX Omni0.1009+33.287%SunX0.1009+33.287%Orderly0.1009+33.340%Coinbase International0.1009+33.353%GMX0.1010+33.382%gTrade (Gains Network)0.1010+33.388%Deribit0.1010+33.406%Aevo0.1010+33.419%SoDEX0.1010+33.419%Backpack0.1010+33.446%Kraken Futures0.1012+33.676%
ApeX Omni
SunX
Orderly
Coinbase International
GMX
gTrade (Gains Network)
Deribit
Aevo
SoDEX
Backpack
Kraken FuturesXPL on 35 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Reya XPLRUSDPERP | −24.892% | 0.0000% | 1h | — | — | — | as long as short |
| Variational Omni XPL | −0.420% | +0.0100% | 4h | $1.8M | $1.7M | — | as long as short |
| Lighter XPL | −0.317% | −0.0872% | 1h | $4.5M | $4.2M | 10x | as long as short |
| Bulk XPL-USD | −0.277% | +0.0100% | 1h | $141K | $6K | 10x | as long as short |
| Bybit XPLUSDT | −0.258% | +0.0100% | 4h | $48.9M | $47.6M | 75x | as long as short |
| dYdX XPL-USDshort | −0.232% | 0.0000% | 1h | $8K | — | 5x | |
| Binance XPLUSDT | −0.228% | +0.0100% | 4h | $46.8M | $93.6M | 75x | as long as short |
| Paradex XPL-USD-PERP | −0.192% | +0.0094% | 8h | $13K | $1K | 5x | as long as short |
| OKX XPL-USDT-SWAP | −0.189% | +0.0100% | 4h | $9.7M | $53.0M | 50x | as long as short |
| Gate XPL_USDT | −0.189% | +0.0100% | 4h | $3.1M | $3.9M | 75x | as long as short |
Show all 35 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| MEXC XPL_USDT | −0.179% | +0.0100% | 4h | $14.5M | $7.4M | 100x | as long as short |
| Bitget XPLUSDT | −0.179% | +0.0100% | 4h | $8.9M | $10.8M | 75x | as long as short |
| BingX XPL-USDT | −0.179% | +0.0100% | 4h | — | $7.9M | — | as long as short |
| Pacifica XPL | −0.177% | +0.0100% | 1h | $227K | $19K | 10x | as long as short |
| KuCoin XPLUSDTM | −0.169% | +0.0100% | 4h | $2.8M | $1.3M | 50x | as long as short |
| 01 Exchange XPLUSD | −0.159% | −0.0152% | 1h | $585 | $3K | 5x | as long as short |
| BloFin XPL-USDT | −0.159% | +0.0340% | 4h | $1.9M | $1.2M | 75x | as long as short |
| Extended XPL-USD | −0.153% | +0.0104% | 1h | $652K | $807K | 25x | as long as short |
| Polymarket Perps XPL-USD | −0.149% | +0.0100% | 1h | $139K | $3.5M | 10x | as long as short |
| Aster XPLUSDT | −0.129% | +0.0100% | 4h | $271K | $447K | 20x | as long as short |
| Phoenix XPL | −0.089% | +0.0312% | 1h | $205K | $596K | 10x | as long as short |
| HTX XPL-USDT | −0.040% | +0.0100% | 4h | $148K | $255K | 20x | as long as short |
| Nado XPL-PERP | −0.017% | +0.0100% | 1h | $1.5M | $2.4M | 10x | as long as short |
| Hyperliquid XPLlong | 0.000% | +0.0243% | 1h | $67.4M | $35.9M | 10x | |
| ApeX Omni XPLUSDT | +0.109% | +0.0100% | 1h | $30K | $89K | 50x | as long as short |
| SunX XPL-USDT | +0.109% | +0.0100% | 4h | $2K | $1.9M | 20x | as long as short |
| Orderly PERP_XPL_USDC | +0.149% | +0.0029% | 4h | $28K | $331K | 10x | as long as short |
| Coinbase International XPL-PERP-INTX | +0.159% | +0.0888% | 1h | $76K | $141K | 50x | as long as short |
| GMX XPL/USD [WBTC.b-USDC] | +0.181% | L −0.0040% / S +0.0454% | 1h | $134K | — | 100x | as long as short |
| gTrade (Gains Network) XPL/USD | +0.185% | L +0.0005% / S −0.0004% | 1h | $72K | — | 150x | as long as short |
| Deribit XPL_USDC-PERPETUAL | +0.198% | 0.0000% | 1h | $48K | $11K | 25x | as long as short |
| Aevo XPL-PERP | +0.208% | +0.0104% | 1h | $39K | $5K | 3x | as long as short |
| SoDEX XPL-USD | +0.208% | +0.0100% | 1h | $216 | $9K | 10x | as long as short |
| Backpack XPL_USDC_PERP | +0.228% | −0.0203% | 1h | $188K | $289K | 10x | as long as short |
| Kraken Futures PF_XPLUSD | +0.401% | +0.1623% | 1h | $151K | $439K | 10x | as long as short |