Spread before costs (cost unknown: a leg has no order-book sample)−0.120%
7d average−0.117%if it closes, per $10,000$12funding while held, a day−$18.88
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid XPL | 0.1004 | 0.0175 | pay 0.0022% / 1h | 30m 00s | $65.8M | $40.8M | 10x |
| Short | GMX XPL/USD [WBTC.b-USDC] | 0.1003 | L −0.0040% / S +0.0454% | pay 0.0057% / 1h | 30m 00s | $135K | — | 100x |
Hyperliquid XPL
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
- −$12.05
- Funding while held
- −$18.88
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- −$51.93
- Spread needed to break even
- 0.210%
Slippage unknown: Hyperliquid: live order book, 5 min ago; GMX: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0629%
- Per $10,000 a day
- −$18.88
- 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 | 2.00 bp | 13.1 bp −$13 | doesn't fit | doesn't fit | doesn't fit |
| Sell GMX no order-book sample | — | — | — | — | — |
GMX: 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
Bulk0.1000+32.097%Phoenix0.1001+32.216%ApeX Omni0.1001+32.230%Bybit0.1001+32.282%Lighter0.1002+32.296%Gate0.1002+32.296%BingX0.1002+32.296%Extended0.1002+32.314%KuCoin0.1002+32.322%OKX0.1002+32.335%MEXC0.1002+32.348%Binance0.1002+32.362%SunX0.1002+32.362%Bitget0.1002+32.375%Variational Omni0.1002+32.389%Nado0.1002+32.401%01 Exchange0.1003+32.454%Aster0.1003+32.454%Paradex0.1003+32.460%Orderly0.1003+32.494%SoDEX0.1003+32.494%Polymarket Perps0.1003+32.520%HTX0.1003+32.520%
Reya
Bulk
Phoenix
ApeX Omni
Bybit
Lighter
Gate
BingX
Extended
KuCoin
OKX
MEXC
Binance
SunX
Bitget
Variational Omni
Nado
Aster
Paradex
Orderly
SoDEX
Polymarket Perps
HTXGMX0.1003+32.532%
Backpack0.1003+32.547%gTrade (Gains Network)0.1003+32.549%Aevo0.1003+32.560%Deribit0.1003+32.560%dYdX0.1004+32.566%Pacifica0.1004+32.588%
Backpack
gTrade (Gains Network)
Aevo
Deribit
dYdX
PacificaHyperliquid0.1004+32.692%
BloFin0.1004+32.692%Coinbase International0.1006+32.824%Kraken Futures0.1009+33.330%
BloFin
Coinbase International
Kraken FuturesXPL on 35 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Reya XPLRUSDPERP | −24.637% | 0.0000% | 1h | — | — | — | as long as short |
| Bulk XPL-USD | −0.448% | +0.0100% | 1h | $142K | $54K | 10x | as long as short |
| Phoenix XPL | −0.358% | +0.0245% | 1h | $204K | $618K | 10x | as long as short |
| ApeX Omni XPLUSDT | −0.348% | +0.0100% | 1h | $30K | $92K | 50x | as long as short |
| Bybit XPLUSDT | −0.309% | +0.0100% | 4h | $48.3M | $49.3M | 75x | as long as short |
| Lighter XPL | −0.299% | −0.0920% | 1h | $4.5M | $4.2M | 10x | as long as short |
| Gate XPL_USDT | −0.299% | +0.0100% | 4h | $3.1M | $3.9M | 75x | as long as short |
| BingX XPL-USDT | −0.299% | +0.0100% | 4h | — | $8.0M | — | as long as short |
| Extended XPL-USD | −0.285% | +0.0104% | 1h | $647K | $829K | 25x | as long as short |
| KuCoin XPLUSDTM | −0.279% | +0.0100% | 4h | $2.5M | $1.5M | 50x | as long as short |
Show all 35 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| OKX XPL-USDT-SWAP | −0.269% | +0.0100% | 4h | $9.4M | $54.7M | 50x | as long as short |
| MEXC XPL_USDT | −0.259% | +0.0100% | 4h | $14.0M | $7.6M | 100x | as long as short |
| Binance XPLUSDT | −0.249% | +0.0100% | 4h | $45.7M | $99.0M | 75x | as long as short |
| SunX XPL-USDT | −0.249% | +0.0100% | 4h | $3K | $2.0M | 20x | as long as short |
| Bitget XPLUSDT | −0.239% | +0.0100% | 4h | $8.7M | $11.2M | 75x | as long as short |
| Variational Omni XPL | −0.228% | +0.0100% | 4h | $1.7M | $1.8M | — | as long as short |
| Nado XPL-PERP | −0.219% | +0.0100% | 1h | $1.5M | $2.5M | 10x | as long as short |
| 01 Exchange XPLUSD | −0.179% | −0.0136% | 1h | $583 | $582 | 5x | as long as short |
| Aster XPLUSDT | −0.179% | +0.0100% | 4h | $270K | $456K | 20x | as long as short |
| Paradex XPL-USD-PERP | −0.175% | +0.0093% | 8h | $13K | $1K | 5x | as long as short |
| Orderly PERP_XPL_USDC | −0.149% | +0.0022% | 4h | $28K | $333K | 10x | as long as short |
| SoDEX XPL-USD | −0.149% | +0.0100% | 1h | $212 | $9K | 10x | as long as short |
| Polymarket Perps XPL-USD | −0.129% | +0.0100% | 1h | $136K | $3.5M | 10x | as long as short |
| HTX XPL-USDT | −0.129% | +0.0100% | 4h | $145K | $242K | 20x | as long as short |
| GMX XPL/USD [WBTC.b-USDC]short | −0.120% | L −0.0040% / S +0.0454% | 1h | $135K | — | 100x | |
| Backpack XPL_USDC_PERP | −0.110% | −0.0128% | 1h | $185K | $288K | 10x | as long as short |
| gTrade (Gains Network) XPL/USD | −0.108% | L +0.0005% / S −0.0004% | 1h | $74K | — | 150x | as long as short |
| Aevo XPL-PERP | −0.100% | +0.0104% | 1h | $39K | $5K | 3x | as long as short |
| Deribit XPL_USDC-PERPETUAL | −0.100% | 0.0000% | 1h | $50K | $17K | 25x | as long as short |
| dYdX XPL-USD | −0.095% | 0.0000% | 1h | $8K | — | 5x | as long as short |
| Pacifica XPL | −0.079% | +0.0100% | 1h | $227K | $15K | 10x | as long as short |
| Hyperliquid XPLlong | 0.000% | +0.0175% | 1h | $65.8M | $40.8M | 10x | |
| BloFin XPL-USDT | 0.000% | +0.0340% | 4h | $1.8M | $1.2M | 75x | as long as short |
| Coinbase International XPL-PERP-INTX | +0.100% | +0.0840% | 1h | $78K | $134K | 50x | as long as short |
| Kraken Futures PF_XPLUSD | +0.481% | +0.1420% | 1h | $258K | $586K | 10x | as long as short |