After costs, if the gap returns to its 7d average, $10k−$10
spread now+0.233%7d average+0.087%fees + slippage, in and out−$25spread needed0.248%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC XPL_USDT | 0.1031 | 0.0100 | pay 0.0050% / 4h | 3h 32m | $14.9M | $6.0M | 100x |
| Short | Hyperliquid XPL | 0.1034 | 0.0302 | get 0.0038% / 1h | 32m 55s | $69.7M | $30.8M | 10x |
MEXC XPL_USDT
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
- $23.27
- Funding while held
- $6.07
- Slippage, 4 orders
- −$15.82
- Fee MEXC: 0 bp × 2 orders
- $0
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $4.52
- Spread needed to break even
- 0.248%
Slippage from MEXC: live order book, 2 min ago; Hyperliquid: live order book, 12 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0202%
- Per $10,000 a day
- +$6.07
- 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 MEXC live order book, 2 min ago | 0.97 bp | 3.0 bp −$3 | 7.6 bp −$76 | 86.5 bp −$8,654 | 229.5 bp −$114.7K |
| Sell Hyperliquid live order book, 12 min ago | 0.49 bp | 6.7 bp −$7 | 15.7 bp −$157 | doesn't fit | doesn't fit |
XPL price on every exchange
against the cheapest. Click to use as the short leg.Reya0.07571cheapest
SunX0.1029+35.913%BloFin0.1029+35.953%HTX0.1030+35.992%SoDEX0.1030+36.045%Extended0.1030+36.069%Lighter0.1030+36.071%Orderly0.1030+36.071%Paradex0.1030+36.093%Variational Omni0.1030+36.106%Aevo0.1031+36.111%Backpack0.1031+36.124%Nado0.1031+36.137%01 Exchange0.1031+36.137%dYdX0.1031+36.145%GMX0.1031+36.149%OKX0.1031+36.151%gTrade (Gains Network)0.1031+36.159%Deribit0.1031+36.164%Aster0.1031+36.164%Polymarket Perps0.1031+36.190%
Reya
SunX
BloFin
HTX
SoDEX
Extended
Lighter
Orderly
Paradex
Variational Omni
Aevo
Backpack
Nado
dYdX
GMX
OKX
gTrade (Gains Network)
Deribit
Aster
Polymarket PerpsMEXC0.1031+36.204%
Bybit0.1031+36.217%Binance0.1031+36.230%BingX0.1031+36.230%Gate0.1032+36.243%Pacifica0.1032+36.256%ApeX Omni0.1032+36.309%KuCoin0.1032+36.322%Bitget0.1033+36.481%Kraken Futures0.1033+36.506%
Bybit
Binance
BingX
Gate
Pacifica
ApeX Omni
KuCoin
Bitget
Kraken FuturesHyperliquid0.1034+36.521%
Phoenix0.1034+36.521%Bulk0.1034+36.549%Coinbase International0.1035+36.745%
Phoenix
Bulk
Coinbase InternationalXPL on 35 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Reya XPLRUSDPERP | −26.580% | 0.0000% | 1h | — | — | — | as long as short |
| SunX XPL-USDT | −0.213% | +0.0100% | 4h | $3K | $1.8M | 20x | as long as short |
| BloFin XPL-USDT | −0.184% | +0.0340% | 4h | $2.0M | $1.1M | 75x | as long as short |
| HTX XPL-USDT | −0.155% | +0.0100% | 4h | $154K | $274K | 20x | as long as short |
| SoDEX XPL-USD | −0.116% | +0.0100% | 1h | $194 | $9K | 10x | as long as short |
| Extended XPL-USD | −0.099% | +0.0104% | 1h | $685K | $599K | 25x | as long as short |
| Lighter XPL | −0.097% | +0.0096% | 1h | $4.7M | $3.2M | 10x | as long as short |
| Orderly PERP_XPL_USDC | −0.097% | +0.0065% | 4h | $29K | $322K | 10x | as long as short |
| Paradex XPL-USD-PERP | −0.081% | +0.0097% | 8h | $12K | $2K | 5x | as long as short |
| Variational Omni XPL | −0.072% | +0.0100% | 4h | $2.0M | $1.3M | — | as long as short |
Show all 35 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Aevo XPL-PERP | −0.068% | +0.0104% | 1h | $40K | $5K | 3x | as long as short |
| Backpack XPL_USDC_PERP | −0.058% | +0.0100% | 1h | $189K | $278K | 10x | as long as short |
| Nado XPL-PERP | −0.048% | +0.0100% | 1h | $1.5M | $2.1M | 10x | as long as short |
| 01 Exchange XPLUSD | −0.048% | +0.0032% | 1h | $748 | $2K | 5x | as long as short |
| dYdX XPL-USD | −0.043% | 0.0000% | 1h | $9K | — | 5x | as long as short |
| GMX XPL/USD [WBTC.b-USDC] | −0.040% | L −0.0026% / S +0.0440% | 1h | $137K | — | 100x | as long as short |
| OKX XPL-USDT-SWAP | −0.039% | +0.0100% | 4h | $10.1M | $50.8M | 50x | as long as short |
| gTrade (Gains Network) XPL/USD | −0.033% | L +0.0005% / S −0.0004% | 1h | $77K | — | 150x | as long as short |
| Deribit XPL_USDC-PERPETUAL | −0.029% | 0.0000% | 1h | $45K | $8K | 25x | as long as short |
| Aster XPLUSDT | −0.029% | +0.0100% | 4h | $308K | $398K | 20x | as long as short |
| Polymarket Perps XPL-USD | −0.010% | +0.0100% | 1h | $141K | $4.2M | 10x | as long as short |
| MEXC XPL_USDTlong | 0.000% | +0.0100% | 4h | $14.9M | $6.0M | 100x | |
| Bybit XPLUSDT | +0.010% | +0.0100% | 4h | $50.1M | $41.2M | 75x | as long as short |
| Binance XPLUSDT | +0.019% | +0.0100% | 4h | $48.9M | $84.4M | 75x | as long as short |
| BingX XPL-USDT | +0.019% | +0.0100% | 4h | — | $7.9M | — | as long as short |
| Gate XPL_USDT | +0.029% | +0.0100% | 4h | $3.3M | $3.4M | 75x | as long as short |
| Pacifica XPL | +0.039% | +0.0100% | 1h | $235K | $19K | 10x | as long as short |
| ApeX Omni XPLUSDT | +0.078% | +0.0100% | 1h | $32K | $82K | 50x | as long as short |
| KuCoin XPLUSDTM | +0.087% | +0.0100% | 4h | $2.8M | $1.5M | 50x | as long as short |
| Bitget XPLUSDT | +0.204% | +0.0100% | 4h | $9.3M | $9.8M | 75x | as long as short |
| Kraken Futures PF_XPLUSD | +0.222% | +0.0168% | 1h | $123K | $353K | 10x | as long as short |
| Hyperliquid XPLshort | +0.233% | +0.0302% | 1h | $69.7M | $30.8M | 10x | |
| Phoenix XPL | +0.233% | +0.0398% | 1h | $211K | $474K | 10x | as long as short |
| Bulk XPL-USD | +0.253% | +0.0100% | 1h | $145K | $32K | 10x | as long as short |
| Coinbase International XPL-PERP-INTX | +0.398% | +0.0824% | 1h | $116K | $140K | 50x | as long as short |