After costs, if the gap returns to its 7d average, $10k−$29
spread now+0.329%7d average+0.128%fees + slippage, in and out−$49spread needed0.487%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Nado XPL-PERP | 0.1026 | 0.0100 | pay 0.0012% / 1h | 39m 17s | $1.5M | $2.1M | 10x |
| Short | Hyperliquid XPL | 0.1029 | 0.0458 | get 0.0057% / 1h | 39m 17s | $69.4M | $31.4M | 10x |
Nado XPL-PERP
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
- $32.89
- Funding while held
- $10.74
- Slippage, 4 orders
- −$32.72
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$5.08
- Spread needed to break even
- 0.487%
Slippage from Nado: live order book, 1 min ago; Hyperliquid: live order book, 6 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0358%
- Per $10,000 a day
- +$10.74
- 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 Nado live order book, 1 min ago | 0.49 bp | 9.7 bp −$10 | 41.5 bp −$415 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 6 min ago | 0.98 bp | 7.3 bp −$7 | 21.4 bp −$214 | doesn't fit | doesn't fit |
XPL price on every exchange
against the cheapest. Click to use as the short leg.Reya0.07571cheapest
Bulk0.1015+34.120%SunX0.1022+34.996%Variational Omni0.1023+35.080%BloFin0.1023+35.115%dYdX0.1024+35.201%HTX0.1024+35.207%Lighter0.1024+35.220%gTrade (Gains Network)0.1024+35.275%Paradex0.1024+35.278%Pacifica0.1025+35.374%SoDEX0.1025+35.392%Deribit0.1025+35.418%Backpack0.1026+35.458%Bybit0.1026+35.485%Orderly0.1026+35.498%Extended0.1026+35.512%Kraken Futures0.1026+35.512%ApeX Omni0.1026+35.524%
Reya
Bulk
SunX
Variational Omni
BloFin
dYdX
HTX
Lighter
gTrade (Gains Network)
Paradex
Pacifica
SoDEX
Deribit
Backpack
Bybit
Orderly
Extended
Kraken Futures
ApeX OmniNado0.1026+35.527%
Binance0.1026+35.557%BingX0.1026+35.564%MEXC0.1026+35.577%OKX0.1027+35.590%Gate0.1027+35.590%Aevo0.1027+35.590%GMX0.1027+35.592%Aster0.1027+35.620%01 Exchange0.1027+35.643%Bitget0.1027+35.643%KuCoin0.1027+35.656%Polymarket Perps0.1028+35.749%Phoenix0.1029+35.894%
Binance
BingX
MEXC
OKX
Gate
Aevo
GMX
Aster
Bitget
KuCoin
Polymarket Perps
PhoenixHyperliquid0.1029+35.973%
Coinbase International0.1029+35.973%
Coinbase InternationalXPL on 35 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Reya XPLRUSDPERP | −26.214% | 0.0000% | 1h | — | — | — | as long as short |
| Bulk XPL-USD | −1.039% | +0.0100% | 1h | $142K | $35K | 10x | as long as short |
| SunX XPL-USDT | −0.392% | +0.0100% | 4h | $3K | $1.8M | 20x | as long as short |
| Variational Omni XPL | −0.330% | +0.0100% | 4h | $1.9M | $1.3M | — | as long as short |
| BloFin XPL-USDT | −0.305% | +0.0340% | 4h | $2.0M | $1.1M | 75x | as long as short |
| dYdX XPL-USD | −0.241% | 0.0000% | 1h | $9K | — | 5x | as long as short |
| HTX XPL-USDT | −0.236% | +0.0100% | 4h | $152K | $249K | 20x | as long as short |
| Lighter XPL | −0.227% | −0.0224% | 1h | $4.6M | $3.4M | 10x | as long as short |
| gTrade (Gains Network) XPL/USD | −0.187% | L +0.0005% / S −0.0004% | 1h | $55K | — | 150x | as long as short |
| Paradex XPL-USD-PERP | −0.184% | +0.0093% | 8h | $12K | $946 | 5x | as long as short |
Show all 35 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Pacifica XPL | −0.114% | +0.0100% | 1h | $231K | $18K | 10x | as long as short |
| SoDEX XPL-USD | −0.100% | +0.0100% | 1h | $195 | $9K | 10x | as long as short |
| Deribit XPL_USDC-PERPETUAL | −0.080% | 0.0000% | 1h | $44K | $8K | 25x | as long as short |
| Backpack XPL_USDC_PERP | −0.051% | −0.0489% | 1h | $189K | $275K | 10x | as long as short |
| Bybit XPLUSDT | −0.032% | +0.0100% | 4h | $49.6M | $42.5M | 75x | as long as short |
| Orderly PERP_XPL_USDC | −0.022% | +0.0060% | 4h | $28K | $331K | 10x | as long as short |
| Extended XPL-USD | −0.012% | +0.0104% | 1h | $680K | $619K | 25x | as long as short |
| Kraken Futures PF_XPLUSD | −0.011% | +0.1153% | 1h | $121K | $352K | 10x | as long as short |
| ApeX Omni XPLUSDT | −0.002% | +0.0100% | 1h | $32K | $84K | 50x | as long as short |
| Nado XPL-PERPlong | 0.000% | +0.0100% | 1h | $1.5M | $2.1M | 10x | |
| Binance XPLUSDT | +0.022% | +0.0100% | 4h | $48.4M | $85.4M | 75x | as long as short |
| BingX XPL-USDT | +0.027% | +0.0100% | 4h | — | $7.9M | — | as long as short |
| MEXC XPL_USDT | +0.037% | +0.0100% | 4h | $14.4M | $6.5M | 100x | as long as short |
| OKX XPL-USDT-SWAP | +0.046% | +0.0100% | 4h | $10.1M | $50.9M | 50x | as long as short |
| Gate XPL_USDT | +0.046% | +0.0100% | 4h | $3.3M | $3.5M | 75x | as long as short |
| Aevo XPL-PERP | +0.046% | +0.0104% | 1h | $40K | $5K | 3x | as long as short |
| GMX XPL/USD [WBTC.b-USDC] | +0.047% | L −0.0030% / S +0.0443% | 1h | $137K | — | 100x | as long as short |
| Aster XPLUSDT | +0.068% | +0.0100% | 4h | $313K | $391K | 20x | as long as short |
| 01 Exchange XPLUSD | +0.085% | −0.0040% | 1h | $597 | $3K | 5x | as long as short |
| Bitget XPLUSDT | +0.085% | +0.0100% | 4h | $9.2M | $9.6M | 75x | as long as short |
| KuCoin XPLUSDTM | +0.095% | +0.0100% | 4h | $2.8M | $1.3M | 50x | as long as short |
| Polymarket Perps XPL-USD | +0.163% | +0.0100% | 1h | $143K | $3.8M | 10x | as long as short |
| Phoenix XPL | +0.270% | +0.0385% | 1h | $223K | $479K | 10x | as long as short |
| Hyperliquid XPLshort | +0.329% | +0.0458% | 1h | $69.4M | $31.4M | 10x | |
| Coinbase International XPL-PERP-INTX | +0.329% | +0.0872% | 1h | $113K | $138K | 50x | as long as short |