After costs, if the gap returns to its 7d average, $10k−$7
spread now+0.618%7d average+0.206%fees + slippage, in and out−$48spread needed0.478%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter XPL | 0.1020 | −0.0744 | get 0.0093% / 1h | 52m 56s | $4.6M | $4.1M | 10x |
| Short | Phoenix XPL | 0.1026 | 0.0312 | get 0.0039% / 1h | 52m 56s | $209K | $596K | 10x |
Lighter XPL
Phoenix 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
- $61.78
- Funding while held
- $31.68
- Slippage, 4 orders
- −$40.81
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $45.65
- Spread needed to break even
- 0.478%
Slippage from Lighter: live order book, 6 min ago; Phoenix: live order book, 61 min ago.
Cost of waiting
funding view- Funding /8h
- +0.1056%
- Per $10,000 a day
- +$31.68
- 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 | 3.93 bp | 7.8 bp −$8 | 27.3 bp −$273 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 61 min ago | 0.99 bp | 14.5 bp −$15 | 48.6 bp −$486 | doesn't fit | doesn't fit |
XPL price on every exchange
against the cheapest. Click to use as the short leg.Reya0.07571cheapest
SunX0.1019+34.601%
Reya
SunXLighter0.1020+34.693%
BloFin0.1020+34.720%Bybit0.1020+34.733%MEXC0.1020+34.746%Extended0.1020+34.757%Binance0.1020+34.759%Orderly0.1020+34.773%OKX0.1021+34.799%Aevo0.1021+34.799%Deribit0.1021+34.812%Bitget0.1021+34.825%HTX0.1021+34.825%GMX0.1021+34.835%KuCoin0.1021+34.839%BingX0.1021+34.839%gTrade (Gains Network)0.1021+34.848%Gate0.1021+34.852%ApeX Omni0.1021+34.865%SoDEX0.1021+34.865%Nado0.1021+34.878%Aster0.1021+34.897%01 Exchange0.1021+34.905%Backpack0.1022+34.944%Bulk0.1022+34.997%Polymarket Perps0.1022+34.997%Pacifica0.1022+35.002%dYdX0.1022+35.005%Paradex0.1023+35.085%Hyperliquid0.1023+35.169%Variational Omni0.1023+35.194%Kraken Futures0.1024+35.318%
BloFin
Bybit
MEXC
Extended
Binance
Orderly
OKX
Aevo
Deribit
Bitget
HTX
GMX
KuCoin
BingX
gTrade (Gains Network)
Gate
ApeX Omni
SoDEX
Nado
Aster
Backpack
Bulk
Polymarket Perps
Pacifica
dYdX
Paradex
Hyperliquid
Variational Omni
Kraken FuturesPhoenix0.1026+35.526%
Coinbase International0.1030+36.027%
Coinbase InternationalXPL on 35 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Reya XPLRUSDPERP | −25.757% | 0.0000% | 1h | — | — | — | as long as short |
| SunX XPL-USDT | −0.069% | +0.0100% | 4h | $3K | $1.8M | 20x | as long as short |
| Lighter XPLlong | 0.000% | −0.0744% | 1h | $4.6M | $4.1M | 10x | |
| BloFin XPL-USDT | +0.020% | +0.0340% | 4h | $2.0M | $1.1M | 75x | as long as short |
| Bybit XPLUSDT | +0.029% | +0.0100% | 4h | $50.3M | $45.7M | 75x | as long as short |
| MEXC XPL_USDT | +0.039% | +0.0100% | 4h | $14.3M | $7.1M | 100x | as long as short |
| Extended XPL-USD | +0.047% | +0.0104% | 1h | $667K | $801K | 25x | as long as short |
| Binance XPLUSDT | +0.049% | +0.0100% | 4h | $47.9M | $90.8M | 75x | as long as short |
| Orderly PERP_XPL_USDC | +0.059% | +0.0035% | 4h | $28K | $331K | 10x | as long as short |
| OKX XPL-USDT-SWAP | +0.078% | +0.0100% | 4h | $10.0M | $52.8M | 50x | as long as short |
Show all 35 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Aevo XPL-PERP | +0.078% | +0.0104% | 1h | $40K | $5K | 3x | as long as short |
| Deribit XPL_USDC-PERPETUAL | +0.088% | −0.0240% | 1h | $48K | $11K | 25x | as long as short |
| Bitget XPLUSDT | +0.098% | +0.0100% | 4h | $9.1M | $10.6M | 75x | as long as short |
| HTX XPL-USDT | +0.098% | +0.0100% | 4h | $150K | $255K | 20x | as long as short |
| GMX XPL/USD [WBTC.b-USDC] | +0.105% | L −0.0038% / S +0.0451% | 1h | $136K | — | 100x | as long as short |
| KuCoin XPLUSDTM | +0.108% | +0.0100% | 4h | $2.8M | $1.3M | 50x | as long as short |
| BingX XPL-USDT | +0.108% | +0.0100% | 4h | — | $7.8M | — | as long as short |
| gTrade (Gains Network) XPL/USD | +0.115% | L +0.0005% / S −0.0004% | 1h | $74K | — | 150x | as long as short |
| Gate XPL_USDT | +0.118% | +0.0100% | 4h | $3.2M | $3.8M | 75x | as long as short |
| ApeX Omni XPLUSDT | +0.127% | +0.0100% | 1h | $30K | $88K | 50x | as long as short |
| SoDEX XPL-USD | +0.127% | +0.0100% | 1h | $210 | $9K | 10x | as long as short |
| Nado XPL-PERP | +0.137% | +0.0100% | 1h | $1.5M | $2.3M | 10x | as long as short |
| Aster XPLUSDT | +0.151% | +0.0100% | 4h | $276K | $440K | 20x | as long as short |
| 01 Exchange XPLUSD | +0.157% | −0.0120% | 1h | $594 | $3K | 5x | as long as short |
| Backpack XPL_USDC_PERP | +0.186% | +0.0100% | 1h | $188K | $282K | 10x | as long as short |
| Bulk XPL-USD | +0.226% | +0.0100% | 1h | $143K | $35K | 10x | as long as short |
| Polymarket Perps XPL-USD | +0.226% | +0.0100% | 1h | $141K | $3.6M | 10x | as long as short |
| Pacifica XPL | +0.229% | +0.0100% | 1h | $230K | $19K | 10x | as long as short |
| dYdX XPL-USD | +0.231% | 0.0000% | 1h | $9K | — | 5x | as long as short |
| Paradex XPL-USD-PERP | +0.291% | +0.0091% | 8h | $13K | $1K | 5x | as long as short |
| Hyperliquid XPL | +0.353% | +0.0320% | 1h | $68.3M | $35.1M | 10x | as long as short |
| Variational Omni XPL | +0.372% | +0.0100% | 4h | $1.9M | $1.5M | — | as long as short |
| Kraken Futures PF_XPLUSD | +0.464% | +0.1603% | 1h | $148K | $425K | 10x | as long as short |
| Phoenix XPLshort | +0.618% | +0.0312% | 1h | $209K | $596K | 10x | |
| Coinbase International XPL-PERP-INTX | +0.990% | +0.0888% | 1h | $108K | $120K | 50x | as long as short |