After costs, if the gap returns to its 7d average, $10k−$28
spread now+0.190%7d average+0.072%fees + slippage, in and out−$40spread needed0.397%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter XPL | 0.1001 | −0.0872 | get 0.0109% / 1h | 28m 30s | $4.5M | $4.2M | 10x |
| Short | Backpack XPL_USDC_PERP | 0.1003 | −0.0131 | pay 0.0016% / 1h | 28m 30s | $185K | $288K | 10x |
Lighter XPL
Backpack XPL_USDC_PERPPrice 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
- $18.99
- Funding while held
- $22.23
- Slippage, 4 orders
- −$29.7
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- $1.51
- Spread needed to break even
- 0.397%
Slippage from Lighter: live order book, 11 min ago; Backpack: live order book, 16 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0741%
- Per $10,000 a day
- +$22.23
- 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 Lighter live order book, 11 min ago | 3.50 bp | 13.4 bp −$13 | 30.6 bp −$306 | doesn't fit | doesn't fit |
| Sell Backpack live order book, 16 min ago | 1.51 bp | 9.8 bp −$10 | 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
Bulk0.1000+32.096%
Reya
BulkLighter0.1001+32.175%
Phoenix0.1001+32.215%Paradex0.1001+32.226%SunX0.1001+32.228%Gate0.1001+32.268%KuCoin0.1001+32.268%MEXC0.1001+32.281%BingX0.1002+32.294%Extended0.1002+32.320%Bitget0.1002+32.360%SoDEX0.1002+32.360%BloFin0.1002+32.360%Pacifica0.1002+32.371%Variational Omni0.1002+32.387%Nado0.1002+32.400%Bybit0.1002+32.413%OKX0.1003+32.426%
Phoenix
Paradex
SunX
Gate
KuCoin
MEXC
BingX
Extended
Bitget
SoDEX
BloFin
Pacifica
Variational Omni
Nado
Bybit
OKXBackpack0.1003+32.426%
Orderly0.1003+32.426%Binance0.1003+32.439%Polymarket Perps0.1003+32.439%dYdX0.1003+32.440%01 Exchange0.1003+32.453%Aster0.1003+32.473%GMX0.1003+32.479%Aevo0.1003+32.480%Deribit0.1003+32.492%gTrade (Gains Network)0.1003+32.499%HTX0.1003+32.519%ApeX Omni0.1004+32.624%Hyperliquid0.1004+32.677%Coinbase International0.1006+32.822%Kraken Futures0.1008+33.131%
Orderly
Binance
Polymarket Perps
dYdX
Aster
GMX
Aevo
Deribit
gTrade (Gains Network)
HTX
ApeX Omni
Hyperliquid
Coinbase International
Kraken FuturesXPL on 35 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Reya XPLRUSDPERP | −24.343% | 0.0000% | 1h | — | — | — | as long as short |
| Bulk XPL-USD | −0.060% | +0.0100% | 1h | $142K | $54K | 10x | as long as short |
| Lighter XPLlong | 0.000% | −0.0872% | 1h | $4.5M | $4.2M | 10x | |
| Phoenix XPL | +0.030% | +0.0245% | 1h | $204K | $618K | 10x | as long as short |
| Paradex XPL-USD-PERP | +0.038% | +0.0093% | 8h | $13K | $1K | 5x | as long as short |
| SunX XPL-USDT | +0.040% | +0.0100% | 4h | $3K | $2.0M | 20x | as long as short |
| Gate XPL_USDT | +0.070% | +0.0100% | 4h | $3.1M | $3.9M | 75x | as long as short |
| KuCoin XPLUSDTM | +0.070% | +0.0100% | 4h | $2.5M | $1.5M | 50x | as long as short |
| MEXC XPL_USDT | +0.080% | +0.0100% | 4h | $14.0M | $7.6M | 100x | as long as short |
| BingX XPL-USDT | +0.090% | +0.0100% | 4h | — | $7.9M | — | as long as short |
Show all 35 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Extended XPL-USD | +0.110% | +0.0104% | 1h | $647K | $829K | 25x | as long as short |
| Bitget XPLUSDT | +0.140% | +0.0100% | 4h | $8.7M | $11.2M | 75x | as long as short |
| SoDEX XPL-USD | +0.140% | +0.0100% | 1h | $209 | $9K | 10x | as long as short |
| BloFin XPL-USDT | +0.140% | +0.0340% | 4h | $1.8M | $1.2M | 75x | as long as short |
| Pacifica XPL | +0.148% | +0.0100% | 1h | $227K | $15K | 10x | as long as short |
| Variational Omni XPL | +0.160% | +0.0100% | 4h | $1.7M | $1.8M | — | as long as short |
| Nado XPL-PERP | +0.170% | +0.0100% | 1h | $1.5M | $2.5M | 10x | as long as short |
| Bybit XPLUSDT | +0.180% | +0.0100% | 4h | $48.4M | $49.3M | 75x | as long as short |
| OKX XPL-USDT-SWAP | +0.190% | +0.0100% | 4h | $9.4M | $54.8M | 50x | as long as short |
| Backpack XPL_USDC_PERPshort | +0.190% | −0.0131% | 1h | $185K | $288K | 10x | |
| Orderly PERP_XPL_USDC | +0.190% | +0.0022% | 4h | $28K | $333K | 10x | as long as short |
| Binance XPLUSDT | +0.200% | +0.0100% | 4h | $45.7M | $99.0M | 75x | as long as short |
| Polymarket Perps XPL-USD | +0.200% | +0.0100% | 1h | $135K | $3.5M | 10x | as long as short |
| dYdX XPL-USD | +0.200% | 0.0000% | 1h | $8K | — | 5x | as long as short |
| 01 Exchange XPLUSD | +0.210% | −0.0128% | 1h | $583 | $582 | 5x | as long as short |
| Aster XPLUSDT | +0.225% | +0.0100% | 4h | $268K | $456K | 20x | as long as short |
| GMX XPL/USD [WBTC.b-USDC] | +0.230% | L −0.0040% / S +0.0454% | 1h | $135K | — | 100x | as long as short |
| Aevo XPL-PERP | +0.231% | +0.0104% | 1h | $39K | $5K | 3x | as long as short |
| Deribit XPL_USDC-PERPETUAL | +0.240% | 0.0000% | 1h | $50K | $17K | 25x | as long as short |
| gTrade (Gains Network) XPL/USD | +0.245% | L +0.0005% / S −0.0004% | 1h | $74K | — | 150x | as long as short |
| HTX XPL-USDT | +0.260% | +0.0100% | 4h | $145K | $242K | 20x | as long as short |
| ApeX Omni XPLUSDT | +0.340% | +0.0100% | 1h | $30K | $92K | 50x | as long as short |
| Hyperliquid XPL | +0.380% | +0.0183% | 1h | $65.8M | $40.9M | 10x | as long as short |
| Coinbase International XPL-PERP-INTX | +0.490% | +0.0840% | 1h | $78K | $134K | 50x | as long as short |
| Kraken Futures PF_XPLUSD | +0.723% | +0.1422% | 1h | $258K | $586K | 10x | as long as short |