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−$45
spread now+0.185%7d average+0.045%fees + slippage, in and out−$59spread needed0.594%
Long on LighterShort on Gate
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter XPL0.1027−0.0184get 0.0023% / 1h38m 31s$4.6M$3.4M10x
ShortGate XPL_USDT0.10290.0100get 0.0050% / 4h2h 38m$3.3M$3.5M75x

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
$18.5
Funding while held
$8.52
Slippage, 4 orders
−$44.4
Fee Lighter: 0 bp × 2 orders
$0
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$32.38
Spread needed to break even
0.594%
Slippage from Lighter: live order book, 6 min ago; Gate: live order book, 1 min ago.

Cost of waiting

funding view
Funding /8h
+0.0284%
Per $10,000 a day
+$8.52
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, 6 min ago2.94 bp2.9 bp −$324.5 bp −$245doesn't fitdoesn't fit
Sell Gate live order book, 1 min ago6.82 bp22.9 bp −$23153.4 bp −$1,534doesn't fitdoesn't fit

XPL price on every exchange

against the cheapest. Click to use as the short leg.
Reya0.07571cheapest
Bulk0.1015+34.120%Variational Omni0.1023+35.080%SunX0.1024+35.260%HTX0.1024+35.260%Orderly0.1026+35.498%ApeX Omni0.1026+35.524%SoDEX0.1026+35.524%Nado0.1026+35.527%Deribit0.1026+35.577%BloFin0.1026+35.577%Aevo0.1027+35.590%GMX0.1027+35.592%gTrade (Gains Network)0.1027+35.609%
Lighter0.1027+35.630%
Kraken Futures0.1027+35.680%Backpack0.1027+35.696%Bybit0.1027+35.722%Polymarket Perps0.1028+35.749%dYdX0.1028+35.773%MEXC0.1028+35.775%KuCoin0.1028+35.775%Aster0.1028+35.788%Extended0.1028+35.808%BingX0.1028+35.815%01 Exchange0.1028+35.828%Binance0.1028+35.832%Pacifica0.1028+35.836%Paradex0.1029+35.859%
Gate0.1029+35.881%
OKX0.1029+35.894%Phoenix0.1029+35.894%Bitget0.1029+35.920%Coinbase International0.1029+35.973%Hyperliquid0.1030+36.053%

XPL on 35 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Reya XPLRUSDPERP−26.270%0.0000%1h———as long as short
Bulk XPL-USD−1.113%+0.0100%1h$142K$35K10xas long as short
Variational Omni XPL−0.405%+0.0100%4h$1.9M$1.3M—as long as short
SunX XPL-USDT−0.273%+0.0100%4h$3K$1.8M20xas long as short
HTX XPL-USDT−0.273%+0.0100%4h$152K$249K20xas long as short
Orderly PERP_XPL_USDC−0.097%+0.0060%4h$28K$331K10xas long as short
ApeX Omni XPLUSDT−0.078%+0.0100%1h$32K$84K50xas long as short
SoDEX XPL-USD−0.078%+0.0100%1h$191$9K10xas long as short
Nado XPL-PERP−0.075%+0.0100%1h$1.5M$2.1M10xas long as short
Deribit XPL_USDC-PERPETUAL−0.039%0.0000%1h$45K$8K25xas long as short
Show all 35 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
BloFin XPL-USDT−0.039%+0.0340%4h$2.0M$1.1M75xas long as short
Aevo XPL-PERP−0.029%+0.0104%1h$40K$5K3xas long as short
GMX XPL/USD [WBTC.b-USDC]−0.028%L −0.0030% / S +0.0443%1h$137K—100xas long as short
gTrade (Gains Network) XPL/USD−0.016%L +0.0005% / S −0.0004%1h$55K—150xas long as short
Lighter XPLlong0.000%−0.0184%1h$4.6M$3.4M10x
Kraken Futures PF_XPLUSD+0.037%+0.1152%1h$120K$357K10xas long as short
Backpack XPL_USDC_PERP+0.049%−0.0474%1h$187K$275K10xas long as short
Bybit XPLUSDT+0.068%+0.0100%4h$49.7M$42.5M75xas long as short
Polymarket Perps XPL-USD+0.088%+0.0100%1h$143K$3.8M10xas long as short
dYdX XPL-USD+0.106%0.0000%1h$9K—5xas long as short
MEXC XPL_USDT+0.107%+0.0100%4h$14.5M$6.5M100xas long as short
KuCoin XPLUSDTM+0.107%+0.0100%4h$2.8M$1.3M50xas long as short
Aster XPLUSDT+0.117%+0.0100%4h$313K$391K20xas long as short
Extended XPL-USD+0.131%+0.0104%1h$680K$619K25xas long as short
BingX XPL-USDT+0.136%+0.0100%4h—$7.9M—as long as short
01 Exchange XPLUSD+0.146%−0.0040%1h$598$3K5xas long as short
Binance XPLUSDT+0.149%+0.0100%4h$48.5M$85.2M75xas long as short
Pacifica XPL+0.152%+0.0100%1h$232K$18K10xas long as short
Paradex XPL-USD-PERP+0.169%+0.0093%8h$12K$9465xas long as short
Gate XPL_USDTshort+0.185%+0.0100%4h$3.3M$3.5M75x
OKX XPL-USDT-SWAP+0.195%+0.0100%4h$10.1M$51.0M50xas long as short
Phoenix XPL+0.195%+0.0385%1h$223K$479K10xas long as short
Bitget XPLUSDT+0.214%+0.0100%4h$9.3M$9.6M75xas long as short
Coinbase International XPL-PERP-INTX+0.253%+0.0872%1h$113K$138K50xas long as short
Hyperliquid XPL+0.312%+0.0480%1h$69.4M$31.4M10xas long as short