Spread before costs (cost unknown: a leg has no order-book sample)+0.140%
7d average—if it closes, per $10,000$14funding while held, a day+$22.80
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter XPL | 0.09917 | −0.0760 | get 0.0095% / 1h | 13m 44s | $4.5M | $4.2M | 10x |
| Short | dYdX XPL-USD | 0.09931 | 0 | get 0.0000% / 1h | 13m 44s | $8K | — | 5x |
Lighter XPL
dYdX XPL-USDPrice 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
- $14.01
- Funding while held
- $22.8
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee dYdX: 5 bp × 2 orders
- −$10
- Net
- $26.81
- Spread needed to break even
- 0.100%
Slippage unknown: Lighter: live order book, 5 min ago; dYdX: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0760%
- Per $10,000 a day
- +$22.80
- 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, 5 min ago | 3.03 bp | 4.0 bp −$4 | 17.3 bp −$173 | doesn't fit | doesn't fit |
| Sell dYdX no order-book sample | — | — | — | — | — |
dYdX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
XPL price on every exchange
against the cheapest. Click to use as the short leg.Reya0.07570cheapest
SunX0.09900+30.773%Paradex0.09911+30.916%Nado0.09915+30.977%01 Exchange0.09916+30.984%
Reya
SunX
Paradex
NadoLighter0.09917+30.997%
BloFin0.09918+31.010%Bulk0.09920+31.037%ApeX Omni0.09920+31.037%SoDEX0.09920+31.037%Orderly0.09923+31.076%Pacifica0.09924+31.094%Bybit0.09925+31.103%Aevo0.09925+31.103%HTX0.09925+31.103%Deribit0.09926+31.116%KuCoin0.09927+31.129%GMX0.09928+31.144%Variational Omni0.09928+31.147%gTrade (Gains Network)0.09929+31.152%
BloFin
Bulk
ApeX Omni
SoDEX
Orderly
Pacifica
Bybit
Aevo
HTX
Deribit
KuCoin
GMX
Variational Omni
gTrade (Gains Network)dYdX0.09931+31.181%
Polymarket Perps0.09931+31.187%Binance0.09933+31.204%OKX0.09933+31.208%Backpack0.09936+31.248%Gate0.09937+31.261%Bitget0.09938+31.274%BingX0.09938+31.274%MEXC0.09939+31.288%Phoenix0.09939+31.288%Extended0.09941+31.316%Hyperliquid0.09945+31.370%Aster0.09947+31.389%Kraken Futures0.09957+31.521%Coinbase International0.09963+31.605%
Polymarket Perps
Binance
OKX
Backpack
Gate
Bitget
BingX
MEXC
Phoenix
Extended
Hyperliquid
Aster
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 | −23.662% | 0.0000% | 1h | — | — | — | as long as short |
| SunX XPL-USDT | −0.171% | +0.0100% | 4h | $3K | $1.9M | 20x | as long as short |
| Paradex XPL-USD-PERP | −0.062% | +0.0096% | 8h | $13K | $2K | 5x | as long as short |
| Nado XPL-PERP | −0.015% | +0.0100% | 1h | $1.4M | $2.6M | 10x | as long as short |
| 01 Exchange XPLUSD | −0.010% | −0.0152% | 1h | $577 | $583 | 5x | as long as short |
| Lighter XPLlong | 0.000% | −0.0760% | 1h | $4.5M | $4.2M | 10x | |
| BloFin XPL-USDT | +0.010% | +0.0340% | 4h | $1.9M | $1.2M | 75x | as long as short |
| Bulk XPL-USD | +0.030% | +0.0100% | 1h | $141K | $52K | 10x | as long as short |
| ApeX Omni XPLUSDT | +0.030% | +0.0100% | 1h | $29K | $78K | 50x | as long as short |
| SoDEX XPL-USD | +0.030% | +0.0100% | 1h | $651 | $9K | 10x | as long as short |
Show all 35 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Orderly PERP_XPL_USDC | +0.061% | +0.0025% | 4h | $28K | $333K | 10x | as long as short |
| Pacifica XPL | +0.074% | +0.0100% | 1h | $224K | $14K | 10x | as long as short |
| Bybit XPLUSDT | +0.081% | +0.0100% | 4h | $47.7M | $49.1M | 75x | as long as short |
| Aevo XPL-PERP | +0.081% | +0.0104% | 1h | $39K | $5K | 3x | as long as short |
| HTX XPL-USDT | +0.081% | +0.0100% | 4h | $144K | $239K | 20x | as long as short |
| Deribit XPL_USDC-PERPETUAL | +0.091% | 0.0000% | 1h | $49K | $17K | 25x | as long as short |
| KuCoin XPLUSDTM | +0.101% | +0.0100% | 4h | $2.4M | $1.4M | 50x | as long as short |
| GMX XPL/USD [WBTC.b-USDC] | +0.112% | L −0.0039% / S +0.0454% | 1h | $134K | — | 100x | as long as short |
| Variational Omni XPL | +0.114% | +0.0100% | 4h | $1.7M | $1.8M | — | as long as short |
| gTrade (Gains Network) XPL/USD | +0.118% | L +0.0005% / S −0.0004% | 1h | $73K | — | 150x | as long as short |
| dYdX XPL-USDshort | +0.140% | 0.0000% | 1h | $8K | — | 5x | |
| Polymarket Perps XPL-USD | +0.145% | +0.0100% | 1h | $135K | $3.2M | 10x | as long as short |
| Binance XPLUSDT | +0.158% | +0.0100% | 4h | $45.3M | $98.2M | 75x | as long as short |
| OKX XPL-USDT-SWAP | +0.161% | +0.0100% | 4h | $9.3M | $52.5M | 50x | as long as short |
| Backpack XPL_USDC_PERP | +0.192% | −0.0183% | 1h | $183K | $280K | 10x | as long as short |
| Gate XPL_USDT | +0.202% | +0.0080% | 4h | $3.0M | $3.9M | 75x | as long as short |
| Bitget XPLUSDT | +0.212% | +0.0100% | 4h | $8.7M | $10.7M | 75x | as long as short |
| BingX XPL-USDT | +0.212% | +0.0100% | 4h | — | $7.9M | — | as long as short |
| MEXC XPL_USDT | +0.222% | +0.0100% | 4h | $13.9M | $7.4M | 100x | as long as short |
| Phoenix XPL | +0.222% | +0.0241% | 1h | $203K | $623K | 10x | as long as short |
| Extended XPL-USD | +0.244% | +0.0104% | 1h | $633K | $831K | 25x | as long as short |
| Hyperliquid XPL | +0.284% | +0.0100% | 1h | $65.0M | $41.6M | 10x | as long as short |
| Aster XPLUSDT | +0.299% | +0.0100% | 4h | $265K | $441K | 20x | as long as short |
| Kraken Futures PF_XPLUSD | +0.400% | +0.4780% | 1h | $251K | $595K | 10x | as long as short |
| Coinbase International XPL-PERP-INTX | +0.464% | +0.0840% | 1h | $77K | $120K | 50x | as long as short |