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−$148
spread now−0.222%7d average−0.070%fees + slippage, in and out−$133spread needed1.328%
Long on Kraken FuturesShort on Lighter
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKraken Futures PF_XPLUSD0.10060.1632pay 0.0204% / 1h40m 15s$148K$434K10x
ShortLighter XPL0.1004−0.0776pay 0.0097% / 1h40m 15s$4.5M$4.1M10x

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
−$22.18
Funding while held
−$72.25
Slippage, 4 orders
−$122.78
Fee Kraken Futures: 5 bp × 2 orders
−$10
Fee Lighter: 0 bp × 2 orders
$0
Net
−$227.21
Spread needed to break even
1.328%
Slippage from Kraken Futures: live order book, 9 min ago; Lighter: live order book, 4 min ago.

Cost of waiting

funding view
Funding /8h
−0.2408%
Per $10,000 a day
−$72.25
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 Kraken Futures live order book, 9 min ago38.30 bp53.4 bp −$53doesn't fitdoesn't fitdoesn't fit
Sell Lighter live order book, 4 min ago3.47 bp10.6 bp −$1134.2 bp −$342doesn't fitdoesn't fit

XPL price on every exchange

against the cheapest. Click to use as the short leg.
Reya0.07570cheapest
Backpack0.09996+32.049%HTX0.09996+32.049%BloFin0.1002+32.340%Variational Omni0.1003+32.440%dYdX0.1003+32.545%Pacifica0.1004+32.588%
Lighter0.1004+32.630%
SunX0.1004+32.630%01 Exchange0.1005+32.763%Paradex0.1005+32.787%Binance0.1006+32.846%ApeX Omni0.1006+32.895%SoDEX0.1006+32.895%
Kraken Futures0.1006+32.925%
Orderly0.1007+32.961%Extended0.1007+32.974%Bitget0.1007+32.987%OKX0.1007+33.027%Aevo0.1007+33.027%Nado0.1007+33.033%Aster0.1007+33.053%Bybit0.1007+33.053%Deribit0.1008+33.093%Hyperliquid0.1008+33.172%Polymarket Perps0.1008+33.172%Gate0.1008+33.185%Phoenix0.1008+33.212%MEXC0.1008+33.225%KuCoin0.1009+33.238%BingX0.1009+33.265%gTrade (Gains Network)0.1009+33.294%GMX0.1009+33.323%Bulk0.1014+33.932%Coinbase International0.1030+36.039%

XPL on 35 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Reya XPLRUSDPERP−24.770%0.0000%1h———as long as short
Backpack XPL_USDC_PERP−0.659%−0.0060%1h$185K$288K10xas long as short
HTX XPL-USDT−0.659%+0.0100%4h$147K$255K20xas long as short
BloFin XPL-USDT−0.440%+0.0340%4h$1.9M$1.1M75xas long as short
Variational Omni XPL−0.365%+0.0100%4h$1.9M$1.6M—as long as short
dYdX XPL-USD−0.286%0.0000%1h$8K—5xas long as short
Pacifica XPL−0.254%+0.0100%1h$227K$20K10xas long as short
Lighter XPLshort−0.222%−0.0776%1h$4.5M$4.1M10x
SunX XPL-USDT−0.222%+0.0100%4h$2K$1.8M20xas long as short
01 Exchange XPLUSD−0.122%−0.0184%1h$584$3K5xas long as short
Show all 35 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Paradex XPL-USD-PERP−0.104%+0.0092%8h$13K$1K5xas long as short
Binance XPLUSDT−0.060%+0.0100%4h$46.8M$91.6M75xas long as short
ApeX Omni XPLUSDT−0.023%+0.0100%1h$30K$88K50xas long as short
SoDEX XPL-USD−0.023%+0.0100%1h$213$9K10xas long as short
Kraken Futures PF_XPLUSDlong0.000%+0.1632%1h$148K$434K10x
Orderly PERP_XPL_USDC+0.027%+0.0038%4h$28K$331K10xas long as short
Extended XPL-USD+0.036%+0.0104%1h$656K$802K25xas long as short
Bitget XPLUSDT+0.046%+0.0100%4h$8.8M$10.8M75xas long as short
OKX XPL-USDT-SWAP+0.076%+0.0100%4h$9.8M$52.5M50xas long as short
Aevo XPL-PERP+0.076%+0.0104%1h$39K$5K3xas long as short
Nado XPL-PERP+0.081%+0.0100%1h$1.5M$2.3M10xas long as short
Aster XPLUSDT+0.096%+0.0100%4h$272K$445K20xas long as short
Bybit XPLUSDT+0.096%+0.0100%4h$49.5M$46.3M75xas long as short
Deribit XPL_USDC-PERPETUAL+0.126%0.0000%1h$47K$11K25xas long as short
Hyperliquid XPL+0.186%+0.0134%1h$67.0M$35.5M10xas long as short
Polymarket Perps XPL-USD+0.186%+0.0100%1h$140K$3.5M10xas long as short
Gate XPL_USDT+0.196%+0.0100%4h$3.2M$3.8M75xas long as short
Phoenix XPL+0.215%+0.0312%1h$206K$596K10xas long as short
MEXC XPL_USDT+0.225%+0.0100%4h$14.2M$7.2M100xas long as short
KuCoin XPLUSDTM+0.235%+0.0100%4h$2.8M$1.3M50xas long as short
BingX XPL-USDT+0.255%+0.0100%4h—$7.9M—as long as short
gTrade (Gains Network) XPL/USD+0.277%L +0.0005% / S −0.0004%1h$72K—150xas long as short
GMX XPL/USD [WBTC.b-USDC]+0.299%L −0.0038% / S +0.0452%1h$134K—100xas long as short
Bulk XPL-USD+0.757%+0.0100%1h$142K$15K10xas long as short
Coinbase International XPL-PERP-INTX+2.342%+0.0888%1h$108K$116K50xas long as short