After costs, if the gap returns to its 7d average, $10k−$67
spread now+0.372%7d average+0.075%fees + slippage, in and out−$96spread needed0.964%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin XPLUSDTM | 0.09910 | 0.0100 | pay 0.0050% / 4h | 2h 32m | $2.5M | $1.4M | 50x |
| Short | Hyperliquid XPL | 0.09947 | 0.0100 | get 0.0013% / 1h | 32m 23s | $64.7M | $41.5M | 10x |
KuCoin XPLUSDTM
Hyperliquid 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
- $37.24
- Funding while held
- $0
- Slippage, 4 orders
- −$75.42
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$59.19
- Spread needed to break even
- 0.964%
Slippage from KuCoin: live order book, 11 min ago; Hyperliquid: live order book, 13 min ago.
Cost of waiting
funding view- Funding /8h
- 0.0000%
- Per $10,000 a day
- +$0.00
- 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 KuCoin live order book, 11 min ago | 12.97 bp | 41.3 bp −$41 | 199.9 bp −$1,999 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 13 min ago | 1.49 bp | 11.6 bp −$12 | doesn't fit | doesn't fit | doesn't fit |
XPL price on every exchange
against the cheapest. Click to use as the short leg.Reya0.07570cheapest
ReyaKuCoin0.09910+30.904%
SunX0.09910+30.904%Lighter0.09913+30.944%01 Exchange0.09915+30.970%Aster0.09925+31.105%Nado0.09926+31.119%Gate0.09927+31.129%Bulk0.09928+31.145%Paradex0.09929+31.152%Pacifica0.09932+31.191%MEXC0.09934+31.221%Bybit0.09935+31.234%BingX0.09936+31.247%Orderly0.09937+31.261%Binance0.09938+31.274%dYdX0.09939+31.283%HTX0.09939+31.287%Polymarket Perps0.09940+31.298%OKX0.09940+31.300%Backpack0.09940+31.300%SoDEX0.09940+31.300%BloFin0.09940+31.300%GMX0.09941+31.319%Bitget0.09942+31.327%gTrade (Gains Network)0.09942+31.328%Extended0.09942+31.330%Deribit0.09944+31.353%
SunX
Lighter
Aster
Nado
Gate
Bulk
Paradex
Pacifica
MEXC
Bybit
BingX
Orderly
Binance
dYdX
HTX
Polymarket Perps
OKX
Backpack
SoDEX
BloFin
GMX
Bitget
gTrade (Gains Network)
Extended
DeribitHyperliquid0.09947+31.391%
Phoenix0.09947+31.393%Aevo0.09949+31.413%Variational Omni0.09957+31.528%ApeX Omni0.09970+31.697%Kraken Futures0.09981+31.848%Coinbase International0.1013+33.836%
Phoenix
Aevo
Variational Omni
ApeX Omni
Kraken Futures
Coinbase InternationalXPL on 35 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Reya XPLRUSDPERP | −23.608% | 0.0000% | 1h | — | — | — | as long as short |
| KuCoin XPLUSDTMlong | 0.000% | +0.0100% | 4h | $2.5M | $1.4M | 50x | |
| SunX XPL-USDT | 0.000% | +0.0100% | 4h | $3K | $1.9M | 20x | as long as short |
| Lighter XPL | +0.030% | −0.0880% | 1h | $4.5M | $4.2M | 10x | as long as short |
| 01 Exchange XPLUSD | +0.050% | −0.0168% | 1h | $576 | $583 | 5x | as long as short |
| Aster XPLUSDT | +0.154% | +0.0100% | 4h | $264K | $442K | 20x | as long as short |
| Nado XPL-PERP | +0.164% | +0.0100% | 1h | $1.4M | $2.6M | 10x | as long as short |
| Gate XPL_USDT | +0.172% | +0.0096% | 4h | $3.0M | $3.9M | 75x | as long as short |
| Bulk XPL-USD | +0.184% | +0.0100% | 1h | $141K | $52K | 10x | as long as short |
| Paradex XPL-USD-PERP | +0.189% | +0.0095% | 8h | $13K | $2K | 5x | as long as short |
Show all 35 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Pacifica XPL | +0.219% | +0.0100% | 1h | $225K | $15K | 10x | as long as short |
| MEXC XPL_USDT | +0.242% | +0.0100% | 4h | $13.9M | $7.4M | 100x | as long as short |
| Bybit XPLUSDT | +0.252% | +0.0100% | 4h | $47.8M | $49.1M | 75x | as long as short |
| BingX XPL-USDT | +0.262% | +0.0100% | 4h | — | $7.9M | — | as long as short |
| Orderly PERP_XPL_USDC | +0.272% | +0.0019% | 4h | $28K | $333K | 10x | as long as short |
| Binance XPLUSDT | +0.283% | +0.0100% | 4h | $45.3M | $98.1M | 75x | as long as short |
| dYdX XPL-USD | +0.290% | 0.0000% | 1h | $8K | — | 5x | as long as short |
| HTX XPL-USDT | +0.293% | +0.0100% | 4h | $144K | $239K | 20x | as long as short |
| Polymarket Perps XPL-USD | +0.301% | +0.0100% | 1h | $135K | $3.2M | 10x | as long as short |
| OKX XPL-USDT-SWAP | +0.303% | +0.0100% | 4h | $9.4M | $52.8M | 50x | as long as short |
| Backpack XPL_USDC_PERP | +0.303% | −0.0120% | 1h | $183K | $281K | 10x | as long as short |
| SoDEX XPL-USD | +0.303% | +0.0100% | 1h | $297 | $9K | 10x | as long as short |
| BloFin XPL-USDT | +0.303% | +0.0340% | 4h | $1.9M | $1.2M | 75x | as long as short |
| GMX XPL/USD [WBTC.b-USDC] | +0.317% | L −0.0039% / S +0.0454% | 1h | $134K | — | 100x | as long as short |
| Bitget XPLUSDT | +0.323% | +0.0100% | 4h | $8.7M | $10.7M | 75x | as long as short |
| gTrade (Gains Network) XPL/USD | +0.324% | L +0.0005% / S −0.0004% | 1h | $73K | — | 150x | as long as short |
| Extended XPL-USD | +0.325% | +0.0104% | 1h | $638K | $835K | 25x | as long as short |
| Deribit XPL_USDC-PERPETUAL | +0.343% | 0.0000% | 1h | $49K | $17K | 25x | as long as short |
| Hyperliquid XPLshort | +0.372% | +0.0100% | 1h | $64.7M | $41.5M | 10x | |
| Phoenix XPL | +0.373% | +0.0241% | 1h | $203K | $623K | 10x | as long as short |
| Aevo XPL-PERP | +0.388% | +0.0104% | 1h | $39K | $5K | 3x | as long as short |
| Variational Omni XPL | +0.477% | +0.0100% | 4h | $1.7M | $1.8M | — | as long as short |
| ApeX Omni XPLUSDT | +0.605% | +0.0100% | 1h | $29K | $80K | 50x | as long as short |
| Kraken Futures PF_XPLUSD | +0.721% | +0.4768% | 1h | $252K | $595K | 10x | as long as short |
| Coinbase International XPL-PERP-INTX | +2.240% | +0.0840% | 1h | $78K | $122K | 50x | as long as short |