After costs, if the gap returns to its 7d average, $10k−$9
spread now+0.399%7d average+0.116%fees + slippage, in and out−$38spread needed0.376%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter XPL | 0.1029 | −0.1000 | get 0.0125% / 1h | 6m 05s | $4.7M | $4.1M | 10x |
| Short | Hyperliquid XPL | 0.1033 | 0.0218 | get 0.0027% / 1h | 6m 05s | $69.1M | $35.0M | 10x |
Lighter XPL
Hyperliquid XPLPrice 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
- $39.86
- Funding while held
- $36.53
- Slippage, 4 orders
- −$28.56
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $38.83
- Spread needed to break even
- 0.376%
Slippage from Lighter: live order book, 3 min ago; Hyperliquid: live order book, 9 min ago.
Cost of waiting
funding view- Funding /8h
- +0.1218%
- Per $10,000 a day
- +$36.53
- 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, 3 min ago | 2.90 bp | 2.9 bp −$3 | 24.1 bp −$241 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 9 min ago | 1.46 bp | 12.8 bp −$13 | doesn't fit | doesn't fit | doesn't fit |
XPL price on every exchange
against the cheapest. Click to use as the short leg.Reya0.07571cheapest
ReyaLighter0.1029+35.864%
01 Exchange0.1029+35.891%Extended0.1029+35.896%OKX0.1029+35.917%SunX0.1029+35.917%Bybit0.1029+35.943%Paradex0.1029+35.973%Variational Omni0.1029+35.974%Bitget0.1029+35.983%Binance0.1030+36.006%Gate0.1030+36.009%BingX0.1030+36.009%KuCoin0.1030+36.036%Orderly0.1030+36.036%ApeX Omni0.1030+36.049%MEXC0.1030+36.076%Pacifica0.1030+36.085%Backpack0.1030+36.089%Nado0.1031+36.115%Deribit0.1031+36.115%dYdX0.1031+36.154%Aevo0.1031+36.160%Bulk0.1031+36.172%gTrade (Gains Network)0.1031+36.173%SoDEX0.1031+36.181%Aster0.1031+36.191%BloFin0.1031+36.194%GMX0.1031+36.200%Polymarket Perps0.1032+36.260%Kraken Futures0.1032+36.332%
Extended
OKX
SunX
Bybit
Paradex
Variational Omni
Bitget
Binance
Gate
BingX
KuCoin
Orderly
ApeX Omni
MEXC
Pacifica
Backpack
Nado
Deribit
dYdX
Aevo
Bulk
gTrade (Gains Network)
SoDEX
Aster
BloFin
GMX
Polymarket Perps
Kraken FuturesHyperliquid0.1033+36.406%
Phoenix0.1034+36.538%HTX0.1034+36.551%Coinbase International0.1036+36.894%
Phoenix
HTX
Coinbase InternationalXPL on 35 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Reya XPLRUSDPERP | −26.397% | 0.0000% | 1h | — | — | — | as long as short |
| Lighter XPLlong | 0.000% | −0.1000% | 1h | $4.7M | $4.1M | 10x | |
| 01 Exchange XPLUSD | +0.019% | −0.0456% | 1h | $598 | $3K | 5x | as long as short |
| Extended XPL-USD | +0.023% | +0.0104% | 1h | $674K | $809K | 25x | as long as short |
| OKX XPL-USDT-SWAP | +0.039% | +0.0100% | 4h | $10.1M | $53.0M | 50x | as long as short |
| SunX XPL-USDT | +0.039% | +0.0100% | 4h | $3K | $1.8M | 20x | as long as short |
| Bybit XPLUSDT | +0.058% | +0.0100% | 4h | $50.8M | $45.6M | 75x | as long as short |
| Paradex XPL-USD-PERP | +0.080% | +0.0089% | 8h | $12K | $946 | 5x | as long as short |
| Variational Omni XPL | +0.081% | +0.0100% | 4h | $1.9M | $1.5M | — | as long as short |
| Bitget XPLUSDT | +0.087% | +0.0100% | 4h | $9.2M | $10.5M | 75x | as long as short |
Show all 35 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Binance XPLUSDT | +0.104% | +0.0100% | 4h | $48.3M | $90.2M | 75x | as long as short |
| Gate XPL_USDT | +0.107% | +0.0100% | 4h | $3.2M | $3.8M | 75x | as long as short |
| BingX XPL-USDT | +0.107% | +0.0100% | 4h | — | $7.8M | — | as long as short |
| KuCoin XPLUSDTM | +0.126% | +0.0100% | 4h | $2.9M | $1.3M | 50x | as long as short |
| Orderly PERP_XPL_USDC | +0.126% | +0.0033% | 4h | $29K | $331K | 10x | as long as short |
| ApeX Omni XPLUSDT | +0.136% | +0.0100% | 1h | $30K | $86K | 50x | as long as short |
| MEXC XPL_USDT | +0.156% | +0.0100% | 4h | $14.5M | $7.1M | 100x | as long as short |
| Pacifica XPL | +0.162% | +0.0100% | 1h | $232K | $19K | 10x | as long as short |
| Backpack XPL_USDC_PERP | +0.165% | +0.0050% | 1h | $188K | $281K | 10x | as long as short |
| Nado XPL-PERP | +0.185% | +0.0100% | 1h | $1.5M | $2.3M | 10x | as long as short |
| Deribit XPL_USDC-PERPETUAL | +0.185% | −0.0041% | 1h | $47K | $10K | 25x | as long as short |
| dYdX XPL-USD | +0.213% | 0.0000% | 1h | $9K | — | 5x | as long as short |
| Aevo XPL-PERP | +0.218% | +0.0104% | 1h | $40K | $5K | 3x | as long as short |
| Bulk XPL-USD | +0.227% | +0.0100% | 1h | $144K | $35K | 10x | as long as short |
| gTrade (Gains Network) XPL/USD | +0.227% | L +0.0005% / S −0.0004% | 1h | $74K | — | 150x | as long as short |
| SoDEX XPL-USD | +0.233% | +0.0100% | 1h | $213 | $9K | 10x | as long as short |
| Aster XPLUSDT | +0.241% | +0.0100% | 4h | $279K | $440K | 20x | as long as short |
| BloFin XPL-USDT | +0.243% | +0.0340% | 4h | $2.0M | $1.1M | 75x | as long as short |
| GMX XPL/USD [WBTC.b-USDC] | +0.247% | L −0.0037% / S +0.0450% | 1h | $137K | — | 100x | as long as short |
| Polymarket Perps XPL-USD | +0.292% | +0.0100% | 1h | $142K | $3.6M | 10x | as long as short |
| Kraken Futures PF_XPLUSD | +0.344% | +0.0509% | 1h | $143K | $418K | 10x | as long as short |
| Hyperliquid XPLshort | +0.399% | +0.0218% | 1h | $69.1M | $35.0M | 10x | |
| Phoenix XPL | +0.496% | +0.0391% | 1h | $211K | $528K | 10x | as long as short |
| HTX XPL-USDT | +0.506% | +0.0100% | 4h | $152K | $254K | 20x | as long as short |
| Coinbase International XPL-PERP-INTX | +0.758% | +0.0880% | 1h | $109K | $121K | 50x | as long as short |