Spread before costs (cost unknown: a leg has no order-book sample)+0.100%
7d average−0.079%if it closes, per $10,000$10funding while held, a day−$10.10
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid XPL | 0.1023 | 0.0437 | pay 0.0055% / 1h | 0m 18s | $68.2M | $33.5M | 10x |
| Short | Variational Omni XPL | 0.1024 | 0.0100 | get 0.0050% / 4h | 2h 00m | $1.9M | $1.4M | — |
Hyperliquid XPL
Variational Omni XPLPrice 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
- $9.95
- Funding while held
- −$10.1
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$9.15
- Spread needed to break even
- 0.090%
Slippage unknown: Hyperliquid: live order book, 5 min ago; Variational Omni: RFQ quote, just now. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0337%
- Per $10,000 a day
- −$10.10
- 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 | 0.49 bp | 9.7 bp −$10 | doesn't fit | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, just now | 9.78 bp | doesn't fit | 78.3 bp −$783 | doesn't fit | doesn't fit |
XPL price on every exchange
against the cheapest. Click to use as the short leg.Reya0.07571cheapest
Lighter0.1020+34.689%SunX0.1020+34.729%Extended0.1021+34.832%Paradex0.1021+34.845%Orderly0.1021+34.848%OKX0.1021+34.861%BingX0.1021+34.861%SoDEX0.1021+34.861%Deribit0.1021+34.861%MEXC0.1021+34.874%Bybit0.1021+34.887%Binance0.1021+34.893%Aevo0.1021+34.911%Gate0.1021+34.914%Nado0.1021+34.920%GMX0.1022+34.942%gTrade (Gains Network)0.1022+34.943%dYdX0.1022+34.953%Bitget0.1022+34.953%Kraken Futures0.1022+34.966%KuCoin0.1022+34.967%Pacifica0.1022+34.984%Backpack0.1022+34.993%Polymarket Perps0.1022+34.993%Aster0.1022+34.996%
Reya
Lighter
SunX
Extended
Paradex
Orderly
OKX
BingX
SoDEX
Deribit
MEXC
Bybit
Binance
Aevo
Gate
Nado
GMX
gTrade (Gains Network)
dYdX
Bitget
Kraken Futures
KuCoin
Pacifica
Backpack
Polymarket Perps
AsterHyperliquid0.1023+35.132%
01 Exchange0.1023+35.165%BloFin0.1023+35.191%HTX0.1024+35.218%
BloFin
HTXVariational Omni0.1024+35.266%
Bulk0.1025+35.389%ApeX Omni0.1025+35.389%Phoenix0.1026+35.535%Coinbase International0.1031+36.116%
Bulk
ApeX Omni
Phoenix
Coinbase InternationalXPL on 35 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Reya XPLRUSDPERP | −25.998% | 0.0000% | 1h | — | — | — | as long as short |
| Lighter XPL | −0.327% | −0.0680% | 1h | $4.6M | $3.7M | 10x | as long as short |
| SunX XPL-USDT | −0.298% | +0.0100% | 4h | $2K | $1.8M | 20x | as long as short |
| Extended XPL-USD | −0.222% | +0.0104% | 1h | $653K | $749K | 25x | as long as short |
| Paradex XPL-USD-PERP | −0.213% | +0.0095% | 8h | $12K | $946 | 5x | as long as short |
| Orderly PERP_XPL_USDC | −0.210% | +0.0047% | 4h | $28K | $331K | 10x | as long as short |
| OKX XPL-USDT-SWAP | −0.200% | +0.0100% | 4h | $9.9M | $51.0M | 50x | as long as short |
| BingX XPL-USDT | −0.200% | +0.0100% | 4h | — | $7.9M | — | as long as short |
| SoDEX XPL-USD | −0.200% | +0.0100% | 1h | $307 | $9K | 10x | as long as short |
| Deribit XPL_USDC-PERPETUAL | −0.200% | −0.0435% | 1h | $47K | $10K | 25x | as long as short |
Show all 35 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| MEXC XPL_USDT | −0.191% | +0.0100% | 4h | $14.4M | $6.9M | 100x | as long as short |
| Bybit XPLUSDT | −0.181% | +0.0100% | 4h | $50.0M | $43.7M | 75x | as long as short |
| Binance XPLUSDT | −0.177% | +0.0100% | 4h | $48.0M | $86.4M | 75x | as long as short |
| Aevo XPL-PERP | −0.163% | +0.0104% | 1h | $40K | $5K | 3x | as long as short |
| Gate XPL_USDT | −0.161% | +0.0100% | 4h | $3.2M | $3.7M | 75x | as long as short |
| Nado XPL-PERP | −0.156% | +0.0100% | 1h | $1.5M | $2.1M | 10x | as long as short |
| GMX XPL/USD [WBTC.b-USDC] | −0.141% | L −0.0032% / S +0.0446% | 1h | $136K | — | 100x | as long as short |
| gTrade (Gains Network) XPL/USD | −0.140% | L +0.0005% / S −0.0004% | 1h | $73K | — | 150x | as long as short |
| dYdX XPL-USD | −0.133% | 0.0000% | 1h | $9K | — | 5x | as long as short |
| Bitget XPLUSDT | −0.132% | +0.0100% | 4h | $9.2M | $9.9M | 75x | as long as short |
| Kraken Futures PF_XPLUSD | −0.122% | +0.1158% | 1h | $136K | $379K | 10x | as long as short |
| KuCoin XPLUSDTM | −0.122% | +0.0100% | 4h | $2.8M | $1.3M | 50x | as long as short |
| Pacifica XPL | −0.109% | +0.0100% | 1h | $230K | $18K | 10x | as long as short |
| Backpack XPL_USDC_PERP | −0.103% | −0.0485% | 1h | $187K | $279K | 10x | as long as short |
| Polymarket Perps XPL-USD | −0.103% | +0.0100% | 1h | $139K | $3.6M | 10x | as long as short |
| Aster XPLUSDT | −0.100% | +0.0100% | 4h | $312K | $401K | 20x | as long as short |
| Hyperliquid XPLlong | 0.000% | +0.0437% | 1h | $68.2M | $33.5M | 10x | |
| 01 Exchange XPLUSD | +0.024% | −0.0224% | 1h | $595 | $3K | 5x | as long as short |
| BloFin XPL-USDT | +0.044% | +0.0340% | 4h | $2.0M | $1.1M | 75x | as long as short |
| HTX XPL-USDT | +0.064% | +0.0100% | 4h | $152K | $251K | 20x | as long as short |
| Variational Omni XPLshort | +0.100% | +0.0100% | 4h | $1.9M | $1.4M | — | |
| Bulk XPL-USD | +0.191% | +0.0100% | 1h | $144K | $35K | 10x | as long as short |
| ApeX Omni XPLUSDT | +0.191% | +0.0100% | 1h | $32K | $83K | 50x | as long as short |
| Phoenix XPL | +0.298% | +0.0385% | 1h | $222K | $479K | 10x | as long as short |
| Coinbase International XPL-PERP-INTX | +0.728% | +0.0872% | 1h | $114K | $118K | 50x | as long as short |