After costs, if the gap returns to its 7d average, $10k−$26
spread now+0.176%7d average+0.027%fees + slippage, in and out−$40spread needed0.403%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter XPL | 0.1025 | −0.0240 | get 0.0030% / 1h | 32m 37s | $4.6M | $3.5M | 10x |
| Short | BloFin XPL-USDT | 0.1027 | 0.0340 | get 0.0170% / 4h | 2h 32m | $2.0M | $1.1M | 75x |
Lighter XPL
BloFin XPL-USDTPrice 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
- $17.56
- Funding while held
- $17.4
- Slippage, 4 orders
- −$28.34
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$5.38
- Spread needed to break even
- 0.403%
Slippage from Lighter: live order book, 7 min ago; BloFin: live order book, 2 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0580%
- Per $10,000 a day
- +$17.40
- 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, 7 min ago | 0.49 bp | 7.2 bp −$7 | 26.6 bp −$266 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 2 min ago | 5.84 bp | 13.9 bp −$14 | 20.9 bp −$209 | 82.3 bp −$8,233 | doesn't fit |
XPL price on every exchange
against the cheapest. Click to use as the short leg.Reya0.07571cheapest
SunX0.1024+35.257%
Reya
SunXLighter0.1025+35.403%
Orderly0.1026+35.508%Bybit0.1026+35.521%SoDEX0.1026+35.521%01 Exchange0.1026+35.535%Deribit0.1026+35.535%Binance0.1026+35.555%Paradex0.1026+35.557%HTX0.1026+35.561%GMX0.1026+35.585%Nado0.1027+35.594%Aevo0.1027+35.601%dYdX0.1027+35.607%KuCoin0.1027+35.614%Pacifica0.1027+35.615%OKX0.1027+35.640%MEXC0.1027+35.640%BingX0.1027+35.640%
Orderly
Bybit
SoDEX
Deribit
Binance
Paradex
HTX
GMX
Nado
Aevo
dYdX
KuCoin
Pacifica
OKX
MEXC
BingXBloFin0.1027+35.640%
gTrade (Gains Network)0.1027+35.660%Polymarket Perps0.1027+35.667%Gate0.1027+35.693%Bitget0.1027+35.693%Extended0.1027+35.693%Backpack0.1027+35.706%Kraken Futures0.1028+35.793%Aster0.1029+35.860%Bulk0.1029+35.901%Hyperliquid0.1029+35.984%ApeX Omni0.1030+36.050%Variational Omni0.1033+36.438%Phoenix0.1035+36.737%Coinbase International0.1036+36.882%
gTrade (Gains Network)
Polymarket Perps
Gate
Bitget
Extended
Backpack
Kraken Futures
Aster
Bulk
Hyperliquid
ApeX Omni
Variational Omni
Phoenix
Coinbase InternationalXPL on 35 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Reya XPLRUSDPERP | −26.146% | 0.0000% | 1h | — | — | — | as long as short |
| SunX XPL-USDT | −0.107% | +0.0100% | 4h | $3K | $1.8M | 20x | as long as short |
| Lighter XPLlong | 0.000% | −0.0240% | 1h | $4.6M | $3.5M | 10x | |
| Orderly PERP_XPL_USDC | +0.078% | +0.0064% | 4h | $28K | $331K | 10x | as long as short |
| Bybit XPLUSDT | +0.088% | +0.0100% | 4h | $49.6M | $42.4M | 75x | as long as short |
| SoDEX XPL-USD | +0.088% | +0.0100% | 1h | $189 | $9K | 10x | as long as short |
| 01 Exchange XPLUSD | +0.098% | −0.0048% | 1h | $597 | $3K | 5x | as long as short |
| Deribit XPL_USDC-PERPETUAL | +0.098% | 0.0000% | 1h | $44K | $8K | 25x | as long as short |
| Binance XPLUSDT | +0.112% | +0.0100% | 4h | $48.5M | $85.2M | 75x | as long as short |
| Paradex XPL-USD-PERP | +0.114% | +0.0094% | 8h | $12K | $946 | 5x | as long as short |
Show all 35 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| HTX XPL-USDT | +0.117% | +0.0100% | 4h | $153K | $250K | 20x | as long as short |
| GMX XPL/USD [WBTC.b-USDC] | +0.135% | L −0.0030% / S +0.0444% | 1h | $137K | — | 100x | as long as short |
| Nado XPL-PERP | +0.141% | +0.0100% | 1h | $1.5M | $2.1M | 10x | as long as short |
| Aevo XPL-PERP | +0.146% | +0.0104% | 1h | $40K | $5K | 3x | as long as short |
| dYdX XPL-USD | +0.151% | 0.0000% | 1h | $9K | — | 5x | as long as short |
| KuCoin XPLUSDTM | +0.156% | +0.0100% | 4h | $2.8M | $1.2M | 50x | as long as short |
| Pacifica XPL | +0.157% | +0.0100% | 1h | $231K | $18K | 10x | as long as short |
| OKX XPL-USDT-SWAP | +0.176% | +0.0100% | 4h | $10.1M | $50.9M | 50x | as long as short |
| MEXC XPL_USDT | +0.176% | +0.0100% | 4h | $14.3M | $6.6M | 100x | as long as short |
| BingX XPL-USDT | +0.176% | +0.0100% | 4h | — | $7.8M | — | as long as short |
| BloFin XPL-USDTshort | +0.176% | +0.0340% | 4h | $2.0M | $1.1M | 75x | |
| gTrade (Gains Network) XPL/USD | +0.190% | L +0.0005% / S −0.0004% | 1h | $55K | — | 150x | as long as short |
| Polymarket Perps XPL-USD | +0.195% | +0.0100% | 1h | $143K | $3.7M | 10x | as long as short |
| Gate XPL_USDT | +0.215% | +0.0100% | 4h | $3.3M | $3.5M | 75x | as long as short |
| Bitget XPLUSDT | +0.215% | +0.0100% | 4h | $9.2M | $9.6M | 75x | as long as short |
| Extended XPL-USD | +0.215% | +0.0104% | 1h | $680K | $619K | 25x | as long as short |
| Backpack XPL_USDC_PERP | +0.224% | −0.0360% | 1h | $187K | $277K | 10x | as long as short |
| Kraken Futures PF_XPLUSD | +0.288% | +0.1151% | 1h | $120K | $354K | 10x | as long as short |
| Aster XPLUSDT | +0.338% | +0.0100% | 4h | $313K | $391K | 20x | as long as short |
| Bulk XPL-USD | +0.368% | +0.0100% | 1h | $144K | $35K | 10x | as long as short |
| Hyperliquid XPL | +0.429% | +0.0680% | 1h | $69.9M | $31.8M | 10x | as long as short |
| ApeX Omni XPLUSDT | +0.478% | +0.0100% | 1h | $32K | $84K | 50x | as long as short |
| Variational Omni XPL | +0.765% | +0.0100% | 4h | $1.9M | $1.4M | — | as long as short |
| Phoenix XPL | +0.985% | +0.0385% | 1h | $224K | $479K | 10x | as long as short |
| Coinbase International XPL-PERP-INTX | +1.093% | +0.0872% | 1h | $114K | $139K | 50x | as long as short |