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−$38
spread now+0.118%7d average+0.026%fees + slippage, in and out−$48spread needed0.475%
Long on LighterShort on BingX
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter XPL0.1020−0.0744get 0.0093% / 1h51m 56s$4.6M$4.1M10x
ShortBingX XPL-USDT0.10220.0100get 0.0050% / 4h51m 56s—$7.8M—

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
$11.76
Funding while held
$25.32
Slippage, 4 orders
−$37.54
Fee Lighter: 0 bp × 2 orders
$0
Fee BingX: 5 bp × 2 orders
−$10
Net
−$10.46
Spread needed to break even
0.475%
Slippage from Lighter: live order book, 2 min ago; BingX: live order book, 7 min ago.

Cost of waiting

funding view
Funding /8h
+0.0844%
Per $10,000 a day
+$25.32
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 Lighter live order book, 2 min ago2.93 bp7.7 bp −$827.0 bp −$270doesn't fitdoesn't fit
Sell BingX live order book, 7 min ago5.38 bp18.5 bp −$1931.4 bp −$31493.9 bp −$9,386doesn't fit

XPL price on every exchange

against the cheapest. Click to use as the short leg.
Reya0.07571cheapest
BloFin0.1020+34.720%
Lighter0.1020+34.773%
Pacifica0.1021+34.862%dYdX0.1021+34.864%ApeX Omni0.1021+34.865%SunX0.1021+34.865%SoDEX0.1021+34.865%Gate0.1021+34.878%Orderly0.1021+34.891%gTrade (Gains Network)0.1021+34.918%Aevo0.1021+34.922%GMX0.1021+34.923%Nado0.1021+34.925%
BingX0.1022+34.931%
Deribit0.1022+34.931%HTX0.1022+34.931%Aster0.1022+34.936%Paradex0.1022+34.967%Bulk0.1022+34.997%Backpack0.1022+34.997%Bybit0.1022+35.010%01 Exchange0.1022+35.024%Extended0.1023+35.080%Binance0.1023+35.089%OKX0.1023+35.090%KuCoin0.1023+35.103%Polymarket Perps0.1023+35.116%MEXC0.1023+35.142%Bitget0.1023+35.169%Variational Omni0.1023+35.194%Hyperliquid0.1024+35.208%Kraken Futures0.1024+35.263%Phoenix0.1026+35.526%Coinbase International0.1030+36.027%

XPL on 35 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Reya XPLRUSDPERP−25.801%0.0000%1h———as long as short
BloFin XPL-USDT−0.039%+0.0340%4h$2.0M$1.1M75xas long as short
Lighter XPLlong0.000%−0.0744%1h$4.6M$4.1M10x
Pacifica XPL+0.067%+0.0100%1h$230K$19K10xas long as short
dYdX XPL-USD+0.068%0.0000%1h$9K—5xas long as short
ApeX Omni XPLUSDT+0.069%+0.0100%1h$30K$88K50xas long as short
SunX XPL-USDT+0.069%+0.0100%4h$3K$1.8M20xas long as short
SoDEX XPL-USD+0.069%+0.0100%1h$210$9K10xas long as short
Gate XPL_USDT+0.078%+0.0100%4h$3.2M$3.8M75xas long as short
Orderly PERP_XPL_USDC+0.088%+0.0035%4h$28K$331K10xas long as short
Show all 35 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
gTrade (Gains Network) XPL/USD+0.108%L +0.0005% / S −0.0004%1h$73K—150xas long as short
Aevo XPL-PERP+0.111%+0.0104%1h$40K$5K3xas long as short
GMX XPL/USD [WBTC.b-USDC]+0.112%L −0.0038% / S +0.0451%1h$136K—100xas long as short
Nado XPL-PERP+0.113%+0.0100%1h$1.5M$2.3M10xas long as short
BingX XPL-USDTshort+0.118%+0.0100%4h—$7.8M—
Deribit XPL_USDC-PERPETUAL+0.118%0.0000%1h$48K$11K25xas long as short
HTX XPL-USDT+0.118%+0.0100%4h$150K$255K20xas long as short
Aster XPLUSDT+0.121%+0.0100%4h$276K$440K20xas long as short
Paradex XPL-USD-PERP+0.144%+0.0091%8h$13K$1K5xas long as short
Bulk XPL-USD+0.167%+0.0100%1h$143K$35K10xas long as short
Backpack XPL_USDC_PERP+0.167%+0.0100%1h$188K$282K10xas long as short
Bybit XPLUSDT+0.176%+0.0100%4h$50.4M$45.6M75xas long as short
01 Exchange XPLUSD+0.186%−0.0104%1h$594$3K5xas long as short
Extended XPL-USD+0.228%+0.0104%1h$667K$802K25xas long as short
Binance XPLUSDT+0.235%+0.0100%4h$48.0M$90.7M75xas long as short
OKX XPL-USDT-SWAP+0.235%+0.0100%4h$10.0M$52.9M50xas long as short
KuCoin XPLUSDTM+0.245%+0.0100%4h$2.8M$1.3M50xas long as short
Polymarket Perps XPL-USD+0.255%+0.0100%1h$141K$3.6M10xas long as short
MEXC XPL_USDT+0.274%+0.0100%4h$14.3M$7.1M100xas long as short
Bitget XPLUSDT+0.294%+0.0100%4h$9.1M$10.6M75xas long as short
Variational Omni XPL+0.313%+0.0100%4h$1.9M$1.5M—as long as short
Hyperliquid XPL+0.323%+0.0343%1h$68.3M$35.1M10xas long as short
Kraken Futures PF_XPLUSD+0.364%+0.1604%1h$148K$426K10xas long as short
Phoenix XPL+0.559%+0.0312%1h$209K$596K10xas long as short
Coinbase International XPL-PERP-INTX+0.931%+0.0888%1h$108K$120K50xas long as short