data as of
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Price arb /

XPL

all XPL markets
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

After costs, if the gap returns to its 7d average, $10k−$63
spread now−0.299%7d average−0.120%fees + slippage, in and out−$45spread needed0.452%
Long on HyperliquidShort on Lighter
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid XPL0.10040.0175pay 0.0022% / 1h29m 50s$65.8M$40.8M10x
ShortLighter XPL0.1002−0.0920pay 0.0115% / 1h29m 50s$4.5M$4.2M10x

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
−$29.87
Funding while held
−$32.86
Slippage, 4 orders
−$36.21
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee Lighter: 0 bp × 2 orders
$0
Net
−$107.94
Spread needed to break even
0.452%
Slippage from Hyperliquid: live order book, 5 min ago; Lighter: live order book, 9 min ago.

Cost of waiting

funding view
Funding /8h
−0.1095%
Per $10,000 a day
−$32.86
Average in range /8h
—

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Hyperliquid live order book, 5 min ago2.00 bp13.1 bp −$13doesn't fitdoesn't fitdoesn't fit
Sell Lighter live order book, 9 min ago3.50 bp5.0 bp −$531.7 bp −$317doesn't fitdoesn't fit

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%GMX0.1003+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%
Hyperliquid0.1004+32.692%
BloFin0.1004+32.692%Coinbase International0.1006+32.824%Kraken Futures0.1009+33.330%

XPL on 35 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Reya XPLRUSDPERP−24.637%0.0000%1h———as long as short
Bulk XPL-USD−0.448%+0.0100%1h$142K$54K10xas long as short
Phoenix XPL−0.358%+0.0245%1h$204K$618K10xas long as short
ApeX Omni XPLUSDT−0.348%+0.0100%1h$30K$92K50xas long as short
Bybit XPLUSDT−0.309%+0.0100%4h$48.3M$49.3M75xas long as short
Lighter XPLshort−0.299%−0.0920%1h$4.5M$4.2M10x
Gate XPL_USDT−0.299%+0.0100%4h$3.1M$3.9M75xas 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$829K25xas long as short
KuCoin XPLUSDTM−0.279%+0.0100%4h$2.5M$1.5M50xas long as short
Show all 35 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
OKX XPL-USDT-SWAP−0.269%+0.0100%4h$9.4M$54.7M50xas long as short
MEXC XPL_USDT−0.259%+0.0100%4h$14.0M$7.6M100xas long as short
Binance XPLUSDT−0.249%+0.0100%4h$45.7M$99.0M75xas long as short
SunX XPL-USDT−0.249%+0.0100%4h$3K$2.0M20xas long as short
Bitget XPLUSDT−0.239%+0.0100%4h$8.7M$11.2M75xas 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$2.5M10xas long as short
01 Exchange XPLUSD−0.179%−0.0136%1h$583$5825xas long as short
Aster XPLUSDT−0.179%+0.0100%4h$270K$456K20xas long as short
Paradex XPL-USD-PERP−0.175%+0.0093%8h$13K$1K5xas long as short
Orderly PERP_XPL_USDC−0.149%+0.0022%4h$28K$333K10xas long as short
SoDEX XPL-USD−0.149%+0.0100%1h$212$9K10xas long as short
Polymarket Perps XPL-USD−0.129%+0.0100%1h$136K$3.5M10xas long as short
HTX XPL-USDT−0.129%+0.0100%4h$145K$242K20xas long as short
GMX XPL/USD [WBTC.b-USDC]−0.120%L −0.0040% / S +0.0454%1h$135K—100xas long as short
Backpack XPL_USDC_PERP−0.110%−0.0128%1h$185K$288K10xas long as short
gTrade (Gains Network) XPL/USD−0.108%L +0.0005% / S −0.0004%1h$74K—150xas long as short
Aevo XPL-PERP−0.100%+0.0104%1h$39K$5K3xas long as short
Deribit XPL_USDC-PERPETUAL−0.100%0.0000%1h$50K$17K25xas long as short
dYdX XPL-USD−0.095%0.0000%1h$8K—5xas long as short
Pacifica XPL−0.079%+0.0100%1h$227K$15K10xas long as short
Hyperliquid XPLlong0.000%+0.0175%1h$65.8M$40.8M10x
BloFin XPL-USDT0.000%+0.0340%4h$1.8M$1.2M75xas long as short
Coinbase International XPL-PERP-INTX+0.100%+0.0840%1h$78K$134K50xas long as short
Kraken Futures PF_XPLUSD+0.481%+0.1420%1h$258K$586K10xas long as short