Spread before costs (cost unknown: a leg has no order-book sample)+0.174%
7d average—if it closes, per $10,000$17funding while held, a day+$28.52
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter XPL | 0.1019 | −0.0856 | get 0.0107% / 1h | 43m 40s | $4.6M | $3.8M | 10x |
| Short | Paradex XPL-USD-PERP | 0.1020 | 0.0095 | get 0.0095% / 8h | 1h 43m | $12K | $946 | 5x |
Lighter XPL
Paradex XPL-USD-PERPPrice 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
- $17.35
- Funding while held
- $28.52
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Paradex: 2 bp × 2 orders
- −$4
- Net
- $41.87
- Spread needed to break even
- 0.040%
Slippage unknown: Lighter: live order book, 6 min ago; Paradex: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0951%
- Per $10,000 a day
- +$28.52
- 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, 6 min ago | 1.49 bp | 5.4 bp −$5 | 31.6 bp −$316 | doesn't fit | doesn't fit |
| Sell Paradex no order-book sample | — | — | — | — | — |
Paradex: 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.Reya0.07571cheapest
Bulk0.1011+33.537%ApeX Omni0.1011+33.537%HTX0.1011+33.537%Phoenix0.1011+33.576%Variational Omni0.1012+33.627%SunX0.1015+34.065%Orderly0.1016+34.184%Deribit0.1016+34.224%gTrade (Gains Network)0.1016+34.229%GMX0.1016+34.254%BloFin0.1017+34.343%Aevo0.1018+34.422%Nado0.1018+34.428%SoDEX0.1018+34.461%Polymarket Perps0.1018+34.501%
Reya
Bulk
ApeX Omni
HTX
Phoenix
Variational Omni
SunX
Orderly
Deribit
gTrade (Gains Network)
GMX
BloFin
Aevo
Nado
SoDEX
Polymarket PerpsLighter0.1019+34.554%
BingX0.1020+34.712%Extended0.1020+34.714%dYdX0.1020+34.737%Gate0.1020+34.739%MEXC0.1020+34.752%Backpack0.1020+34.752%
BingX
Extended
dYdX
Gate
MEXC
BackpackParadex0.1020+34.787%
Kraken Futures0.1020+34.791%Binance0.1021+34.818%Coinbase International0.1021+34.831%Pacifica0.1021+34.850%KuCoin0.1021+34.858%Bybit0.1021+34.910%OKX0.1021+34.910%Aster0.1022+34.949%Bitget0.1022+34.950%Hyperliquid0.1022+34.991%
Kraken Futures
Binance
Coinbase International
Pacifica
KuCoin
Bybit
OKX
Aster
Bitget
HyperliquidXPL on 34 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Reya XPLRUSDPERP | −25.680% | 0.0000% | 1h | — | — | — | as long as short |
| Bulk XPL-USD | −0.756% | +0.0100% | 1h | $142K | $35K | 10x | as long as short |
| ApeX Omni XPLUSDT | −0.756% | +0.0100% | 1h | $30K | $84K | 50x | as long as short |
| HTX XPL-USDT | −0.756% | +0.0100% | 4h | $150K | $251K | 20x | as long as short |
| Phoenix XPL | −0.726% | +0.0391% | 1h | $219K | $528K | 10x | as long as short |
| Variational Omni XPL | −0.689% | +0.0100% | 4h | $1.8M | $1.4M | — | as long as short |
| SunX XPL-USDT | −0.363% | +0.0100% | 4h | $3K | $1.8M | 20x | as long as short |
| Orderly PERP_XPL_USDC | −0.275% | +0.0045% | 4h | $28K | $331K | 10x | as long as short |
| Deribit XPL_USDC-PERPETUAL | −0.245% | −0.0143% | 1h | $47K | $10K | 25x | as long as short |
| gTrade (Gains Network) XPL/USD | −0.241% | L +0.0005% / S −0.0004% | 1h | $74K | — | 150x | as long as short |
Show all 34 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| GMX XPL/USD [WBTC.b-USDC] | −0.223% | L −0.0034% / S +0.0448% | 1h | $136K | — | 100x | as long as short |
| BloFin XPL-USDT | −0.157% | +0.0340% | 4h | $2.0M | $1.1M | 75x | as long as short |
| Aevo XPL-PERP | −0.098% | +0.0104% | 1h | $40K | $5K | 3x | as long as short |
| Nado XPL-PERP | −0.093% | +0.0100% | 1h | $1.5M | $2.2M | 10x | as long as short |
| SoDEX XPL-USD | −0.069% | +0.0100% | 1h | $306 | $9K | 10x | as long as short |
| Polymarket Perps XPL-USD | −0.039% | +0.0100% | 1h | $138K | $3.6M | 10x | as long as short |
| Lighter XPLlong | 0.000% | −0.0856% | 1h | $4.6M | $3.8M | 10x | |
| BingX XPL-USDT | +0.118% | +0.0100% | 4h | — | $7.9M | — | as long as short |
| Extended XPL-USD | +0.119% | +0.0104% | 1h | $650K | $751K | 25x | as long as short |
| dYdX XPL-USD | +0.136% | 0.0000% | 1h | $9K | — | 5x | as long as short |
| Gate XPL_USDT | +0.137% | +0.0100% | 4h | $3.2M | $3.7M | 75x | as long as short |
| MEXC XPL_USDT | +0.147% | +0.0100% | 4h | $14.3M | $6.8M | 100x | as long as short |
| Backpack XPL_USDC_PERP | +0.147% | −0.0457% | 1h | $186K | $276K | 10x | as long as short |
| Paradex XPL-USD-PERPshort | +0.174% | +0.0095% | 8h | $12K | $946 | 5x | |
| Kraken Futures PF_XPLUSD | +0.177% | +0.0515% | 1h | $140K | $383K | 10x | as long as short |
| Binance XPLUSDT | +0.196% | +0.0100% | 4h | $47.9M | $87.0M | 75x | as long as short |
| Coinbase International XPL-PERP-INTX | +0.206% | +0.0880% | 1h | $107K | $120K | 50x | as long as short |
| Pacifica XPL | +0.220% | +0.0100% | 1h | $230K | $18K | 10x | as long as short |
| KuCoin XPLUSDTM | +0.226% | +0.0100% | 4h | $2.8M | $1.3M | 50x | as long as short |
| Bybit XPLUSDT | +0.265% | +0.0100% | 4h | $50.2M | $43.8M | 75x | as long as short |
| OKX XPL-USDT-SWAP | +0.265% | +0.0100% | 4h | $10.0M | $51.4M | 50x | as long as short |
| Aster XPLUSDT | +0.294% | +0.0100% | 4h | $311K | $401K | 20x | as long as short |
| Bitget XPLUSDT | +0.294% | +0.0100% | 4h | $9.2M | $10.0M | 75x | as long as short |
| Hyperliquid XPL | +0.325% | +0.0123% | 1h | $68.0M | $33.7M | 10x | as long as short |