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−$34
spread now−0.039%7d average−0.041%fees + slippage, in and out−$34spread needed0.339%
Long on HyperliquidShort on Polymarket Perps
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid XPL0.10220.0252pay 0.0031% / 1h58m 05s$68.1M$33.5M10x
ShortPolymarket Perps XPL-USD0.10220.0100get 0.0013% / 1h58m 05s$139K$3.6M10x

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
−$3.91
Funding while held
−$4.56
Slippage, 4 orders
−$16.88
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Net
−$42.35
Spread needed to break even
0.339%
Slippage from Hyperliquid: live order book, 7 min ago; Polymarket Perps: live order book, 2 min ago.

Cost of waiting

funding view
Funding /8h
−0.0152%
Per $10,000 a day
−$4.56
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, 7 min ago0.49 bp9.7 bp −$10doesn't fitdoesn't fitdoesn't fit
Sell Polymarket Perps live order book, 2 min ago2.93 bp7.9 bp −$88.2 bp −$82doesn't fitdoesn't fit

XPL price on every exchange

against the cheapest. Click to use as the short leg.
Reya0.07571cheapest
Lighter0.1019+34.594%SunX0.1019+34.594%BingX0.1020+34.726%Binance0.1020+34.779%OKX0.1020+34.779%Gate0.1020+34.779%Orderly0.1021+34.792%Extended0.1021+34.799%Bybit0.1021+34.805%Aevo0.1021+34.806%MEXC0.1021+34.832%Bitget0.1021+34.832%Nado0.1021+34.832%Paradex0.1021+34.838%Deribit0.1021+34.845%Backpack0.1021+34.858%SoDEX0.1021+34.858%KuCoin0.1021+34.898%BloFin0.1021+34.898%Aster0.1021+34.903%gTrade (Gains Network)0.1021+34.904%GMX0.1021+34.904%HTX0.1021+34.911%dYdX0.1021+34.913%Pacifica0.1022+34.952%Kraken Futures0.1022+34.977%
Polymarket Perps0.1022+34.990%
Hyperliquid0.1022+35.043%
Phoenix0.1023+35.135%Variational Omni0.1024+35.263%Bulk0.1025+35.386%ApeX Omni0.1025+35.386%Coinbase International0.1031+36.113%

XPL on 34 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Reya XPLRUSDPERP−25.949%0.0000%1h———as long as short
Lighter XPL−0.333%−0.0904%1h$4.6M$3.7M10xas long as short
SunX XPL-USDT−0.333%+0.0100%4h$3K$1.8M20xas long as short
BingX XPL-USDT−0.235%+0.0100%4h—$7.9M—as long as short
Binance XPLUSDT−0.196%+0.0100%4h$48.0M$86.4M75xas long as short
OKX XPL-USDT-SWAP−0.196%+0.0100%4h$9.9M$50.9M50xas long as short
Gate XPL_USDT−0.196%+0.0100%4h$3.2M$3.6M75xas long as short
Orderly PERP_XPL_USDC−0.186%+0.0047%4h$28K$331K10xas long as short
Extended XPL-USD−0.181%+0.0104%1h$653K$749K25xas long as short
Bybit XPLUSDT−0.176%+0.0100%4h$50.0M$43.5M75xas long as short
Show all 34 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Aevo XPL-PERP−0.175%+0.0104%1h$40K$5K3xas long as short
MEXC XPL_USDT−0.156%+0.0100%4h$14.4M$6.7M100xas long as short
Bitget XPLUSDT−0.156%+0.0100%4h$9.2M$9.9M75xas long as short
Nado XPL-PERP−0.156%+0.0100%1h$1.5M$2.1M10xas long as short
Paradex XPL-USD-PERP−0.152%+0.0095%8h$12K$9465xas long as short
Deribit XPL_USDC-PERPETUAL−0.147%−0.0337%1h$47K$10K25xas long as short
Backpack XPL_USDC_PERP−0.137%−0.0658%1h$187K$276K10xas long as short
SoDEX XPL-USD−0.137%+0.0100%1h$307$9K10xas long as short
KuCoin XPLUSDTM−0.108%+0.0100%4h$2.8M$1.3M50xas long as short
BloFin XPL-USDT−0.108%+0.0340%4h$2.0M$1.1M75xas long as short
Aster XPLUSDT−0.103%+0.0100%4h$312K$401K20xas long as short
gTrade (Gains Network) XPL/USD−0.103%L +0.0005% / S −0.0004%1h$73K—150xas long as short
GMX XPL/USD [WBTC.b-USDC]−0.103%L −0.0033% / S +0.0446%1h$136K—100xas long as short
HTX XPL-USDT−0.098%+0.0100%4h$151K$251K20xas long as short
dYdX XPL-USD−0.096%0.0000%1h$9K—5xas long as short
Pacifica XPL−0.067%+0.0100%1h$230K$18K10xas long as short
Kraken Futures PF_XPLUSD−0.049%+0.0514%1h$139K$381K10xas long as short
Polymarket Perps XPL-USDshort−0.039%+0.0100%1h$139K$3.6M10x
Hyperliquid XPLlong0.000%+0.0252%1h$68.1M$33.5M10x
Phoenix XPL+0.068%+0.0385%1h$222K$473K10xas long as short
Variational Omni XPL+0.163%+0.0100%4h$1.9M$1.4M—as long as short
Bulk XPL-USD+0.254%+0.0100%1h$144K$35K10xas long as short
ApeX Omni XPLUSDT+0.254%+0.0100%1h$32K$83K50xas long as short
Coinbase International XPL-PERP-INTX+0.792%+0.0880%1h$114K$118K50xas long as short