After costs, if the gap returns to its 7d average, $10k−$68
spread now+0.622%7d average+0.138%fees + slippage, in and out−$117spread needed1.167%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin XPLUSDTM | 0.09975 | 0.0100 | pay 0.0050% / 4h | 3h 47m | $2.5M | $1.4M | 50x |
| Short | Phoenix XPL | 0.1004 | 0.0245 | get 0.0031% / 1h | 47m 08s | $205K | $618K | 10x |
KuCoin XPLUSDTM
Phoenix 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
- $62.16
- Funding while held
- $4.34
- Slippage, 4 orders
- −$97.73
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$50.23
- Spread needed to break even
- 1.167%
Slippage from KuCoin: live order book, 6 min ago; Phoenix: live order book, 62 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0145%
- Per $10,000 a day
- +$4.34
- 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, 6 min ago | 13.49 bp | 50.0 bp −$50 | 117.7 bp −$1,177 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 62 min ago | 3.93 bp | 14.6 bp −$15 | 48.4 bp −$484 | doesn't fit | doesn't fit |
XPL price on every exchange
against the cheapest. Click to use as the short leg.Reya0.07570cheapest
Bulk0.09946+31.386%01 Exchange0.09953+31.474%BloFin0.09959+31.553%BingX0.09960+31.567%SunX0.09960+31.567%OKX0.09961+31.580%Lighter0.09963+31.606%Paradex0.09963+31.610%Gate0.09965+31.633%Bitget0.09966+31.646%Polymarket Perps0.09975+31.763%Bybit0.09975+31.765%
Reya
Bulk
BloFin
BingX
SunX
OKX
Lighter
Paradex
Gate
Bitget
Polymarket Perps
BybitKuCoin0.09975+31.765%
Extended0.09976+31.779%Aster0.09977+31.787%Orderly0.09977+31.791%Pacifica0.09977+31.792%Binance0.09978+31.798%MEXC0.09978+31.804%Deribit0.09979+31.818%gTrade (Gains Network)0.09980+31.827%GMX0.09980+31.828%Aevo0.09980+31.831%SoDEX0.09980+31.831%dYdX0.09981+31.837%Hyperliquid0.09982+31.864%Nado0.09991+31.979%HTX0.09996+32.042%Backpack0.09999+32.082%ApeX Omni0.1000+32.095%Variational Omni0.1000+32.139%
Extended
Aster
Orderly
Pacifica
Binance
MEXC
Deribit
gTrade (Gains Network)
GMX
Aevo
SoDEX
dYdX
Hyperliquid
Nado
HTX
Backpack
ApeX Omni
Variational OmniPhoenix0.1004+32.584%
Kraken Futures0.1005+32.758%Coinbase International0.1007+33.006%
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 | −24.107% | 0.0000% | 1h | — | — | — | as long as short |
| Bulk XPL-USD | −0.287% | +0.0100% | 1h | $139K | $6K | 10x | as long as short |
| 01 Exchange XPLUSD | −0.221% | −0.0224% | 1h | $579 | $582 | 5x | as long as short |
| BloFin XPL-USDT | −0.160% | +0.0340% | 4h | $1.7M | $1.2M | 75x | as long as short |
| BingX XPL-USDT | −0.150% | +0.0100% | 4h | — | $8.0M | — | as long as short |
| SunX XPL-USDT | −0.150% | +0.0100% | 4h | $3K | $2.0M | 20x | as long as short |
| OKX XPL-USDT-SWAP | −0.140% | +0.0100% | 4h | $9.4M | $54.1M | 50x | as long as short |
| Lighter XPL | −0.120% | −0.0960% | 1h | $4.5M | $4.2M | 10x | as long as short |
| Paradex XPL-USD-PERP | −0.117% | +0.0092% | 8h | $13K | $1K | 5x | as long as short |
| Gate XPL_USDT | −0.100% | +0.0012% | 4h | $3.1M | $3.9M | 75x | as long as short |
Show all 35 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Bitget XPLUSDT | −0.090% | +0.0100% | 4h | $8.7M | $11.2M | 75x | as long as short |
| Polymarket Perps XPL-USD | −0.001% | +0.0100% | 1h | $136K | $3.5M | 10x | as long as short |
| Bybit XPLUSDT | 0.000% | −0.0063% | 4h | $48.2M | $49.1M | 75x | as long as short |
| KuCoin XPLUSDTMlong | 0.000% | +0.0100% | 4h | $2.5M | $1.4M | 50x | |
| Extended XPL-USD | +0.011% | +0.0104% | 1h | $643K | $832K | 25x | as long as short |
| Aster XPLUSDT | +0.017% | +0.0100% | 4h | $268K | $452K | 20x | as long as short |
| Orderly PERP_XPL_USDC | +0.020% | +0.0017% | 4h | $28K | $331K | 10x | as long as short |
| Pacifica XPL | +0.021% | +0.0100% | 1h | $226K | $15K | 10x | as long as short |
| Binance XPLUSDT | +0.025% | +0.0100% | 4h | $45.7M | $98.3M | 75x | as long as short |
| MEXC XPL_USDT | +0.030% | +0.0100% | 4h | $14.1M | $7.5M | 100x | as long as short |
| Deribit XPL_USDC-PERPETUAL | +0.040% | −0.0151% | 1h | $50K | $17K | 25x | as long as short |
| gTrade (Gains Network) XPL/USD | +0.047% | L +0.0005% / S −0.0004% | 1h | $73K | — | 150x | as long as short |
| GMX XPL/USD [WBTC.b-USDC] | +0.048% | L −0.0040% / S +0.0454% | 1h | $135K | — | 100x | as long as short |
| Aevo XPL-PERP | +0.050% | +0.0104% | 1h | $39K | $5K | 3x | as long as short |
| SoDEX XPL-USD | +0.050% | +0.0100% | 1h | $207 | $9K | 10x | as long as short |
| dYdX XPL-USD | +0.055% | 0.0000% | 1h | $8K | — | 5x | as long as short |
| Hyperliquid XPL | +0.075% | +0.0164% | 1h | $65.1M | $40.0M | 10x | as long as short |
| Nado XPL-PERP | +0.163% | +0.0100% | 1h | $1.4M | $2.5M | 10x | as long as short |
| HTX XPL-USDT | +0.211% | +0.0100% | 4h | $145K | $244K | 20x | as long as short |
| Backpack XPL_USDC_PERP | +0.241% | −0.0126% | 1h | $185K | $288K | 10x | as long as short |
| ApeX Omni XPLUSDT | +0.251% | +0.0100% | 1h | $29K | $88K | 50x | as long as short |
| Variational Omni XPL | +0.284% | +0.0100% | 4h | $1.7M | $1.8M | — | as long as short |
| Phoenix XPLshort | +0.622% | +0.0245% | 1h | $205K | $618K | 10x | |
| Kraken Futures PF_XPLUSD | +0.754% | +0.1426% | 1h | $257K | $590K | 10x | as long as short |
| Coinbase International XPL-PERP-INTX | +0.942% | +0.0840% | 1h | $78K | $134K | 50x | as long as short |