After costs, if the gap returns to its 7d average, $10k+$71
spread now+1.472%7d average+0.149%fees + slippage, in and out−$61spread needed0.610%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX XPL-USDT-SWAP | 0.09853 | 0.0100 | pay 0.0050% / 4h | 3m 51s | $9.4M | $52.3M | 50x |
| Short | Phoenix XPL | 0.09998 | 0.0312 | get 0.0039% / 1h | 3m 51s | $204K | $596K | 10x |
OKX XPL-USDT-SWAP
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
- $147.16
- Funding while held
- $6.36
- Slippage, 4 orders
- −$44.02
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $92.51
- Spread needed to break even
- 0.610%
Slippage from OKX: live order book, 1 min ago; Phoenix: live order book, 46 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0212%
- Per $10,000 a day
- +$6.36
- 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 OKX live order book, 1 min ago | 0.50 bp | 14.4 bp −$14 | 50.8 bp −$508 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 46 min ago | 3.93 bp | 14.6 bp −$15 | 48.4 bp −$484 | doesn't fit | doesn't fit |
XPL price on every exchange
against the cheapest. Click to use as the short leg.Reya0.07570cheapest
HTX0.09835+29.926%Bybit0.09844+30.045%BingX0.09845+30.058%Binance0.09846+30.077%MEXC0.09850+30.124%
Reya
HTX
Bybit
BingX
Binance
MEXCOKX0.09853+30.164%
Paradex0.09855+30.191%Gate0.09862+30.283%Extended0.09863+30.302%01 Exchange0.09866+30.335%SunX0.09870+30.388%Lighter0.09871+30.402%Bitget0.09871+30.402%dYdX0.09872+30.413%KuCoin0.09872+30.415%Pacifica0.09875+30.454%Backpack0.09875+30.454%Polymarket Perps0.09875+30.454%Hyperliquid0.09875+30.456%Aster0.09878+30.494%SoDEX0.09880+30.520%Orderly0.09887+30.613%gTrade (Gains Network)0.09891+30.667%Deribit0.09892+30.679%Aevo0.09894+30.703%GMX0.09895+30.716%Kraken Futures0.09911+30.930%BloFin0.09946+31.392%Bulk0.09955+31.512%Variational Omni0.09958+31.552%Nado0.09972+31.739%ApeX Omni0.09990+31.974%
Paradex
Gate
Extended
SunX
Lighter
Bitget
dYdX
KuCoin
Pacifica
Backpack
Polymarket Perps
Hyperliquid
Aster
SoDEX
Orderly
gTrade (Gains Network)
Deribit
Aevo
GMX
Kraken Futures
BloFin
Bulk
Variational Omni
Nado
ApeX OmniPhoenix0.09998+32.079%
Coinbase International0.1015+34.048%
Coinbase InternationalXPL on 35 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Reya XPLRUSDPERP | −23.174% | 0.0000% | 1h | — | — | — | as long as short |
| HTX XPL-USDT | −0.183% | +0.0100% | 4h | $145K | $256K | 20x | as long as short |
| Bybit XPLUSDT | −0.091% | +0.0100% | 4h | $47.8M | $48.1M | 75x | as long as short |
| BingX XPL-USDT | −0.081% | +0.0100% | 4h | — | $7.9M | — | as long as short |
| Binance XPLUSDT | −0.066% | +0.0100% | 4h | $45.5M | $95.2M | 75x | as long as short |
| MEXC XPL_USDT | −0.030% | +0.0100% | 4h | $13.9M | $7.5M | 100x | as long as short |
| OKX XPL-USDT-SWAPlong | 0.000% | +0.0100% | 4h | $9.4M | $52.3M | 50x | |
| Paradex XPL-USD-PERP | +0.021% | +0.0094% | 8h | $12K | $1K | 5x | as long as short |
| Gate XPL_USDT | +0.091% | +0.0100% | 4h | $3.0M | $3.9M | 75x | as long as short |
| Extended XPL-USD | +0.106% | +0.0104% | 1h | $641K | $810K | 25x | as long as short |
Show all 35 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| 01 Exchange XPLUSD | +0.132% | −0.0112% | 1h | $574 | $582 | 5x | as long as short |
| SunX XPL-USDT | +0.173% | +0.0100% | 4h | $2K | $1.9M | 20x | as long as short |
| Lighter XPL | +0.183% | −0.0920% | 1h | $4.5M | $4.2M | 10x | as long as short |
| Bitget XPLUSDT | +0.183% | +0.0100% | 4h | $8.8M | $10.9M | 75x | as long as short |
| dYdX XPL-USD | +0.192% | 0.0000% | 1h | $8K | — | 5x | as long as short |
| KuCoin XPLUSDTM | +0.193% | +0.0100% | 4h | $2.7M | $1.3M | 50x | as long as short |
| Pacifica XPL | +0.223% | +0.0100% | 1h | $223K | $19K | 10x | as long as short |
| Backpack XPL_USDC_PERP | +0.223% | −0.0233% | 1h | $183K | $290K | 10x | as long as short |
| Polymarket Perps XPL-USD | +0.223% | +0.0100% | 1h | $141K | $3.5M | 10x | as long as short |
| Hyperliquid XPL | +0.224% | +0.0283% | 1h | $64.9M | $37.2M | 10x | as long as short |
| Aster XPLUSDT | +0.254% | +0.0100% | 4h | $266K | $448K | 20x | as long as short |
| SoDEX XPL-USD | +0.274% | +0.0100% | 1h | $210 | $9K | 10x | as long as short |
| Orderly PERP_XPL_USDC | +0.345% | +0.0025% | 4h | $27K | $331K | 10x | as long as short |
| gTrade (Gains Network) XPL/USD | +0.386% | L +0.0005% / S −0.0004% | 1h | $54K | — | 150x | as long as short |
| Deribit XPL_USDC-PERPETUAL | +0.396% | −0.0154% | 1h | $45K | $13K | 25x | as long as short |
| Aevo XPL-PERP | +0.414% | +0.0104% | 1h | $38K | $5K | 3x | as long as short |
| GMX XPL/USD [WBTC.b-USDC] | +0.424% | L −0.0040% / S +0.0454% | 1h | $133K | — | 100x | as long as short |
| Kraken Futures PF_XPLUSD | +0.588% | +0.1657% | 1h | $148K | $440K | 10x | as long as short |
| BloFin XPL-USDT | +0.944% | +0.0340% | 4h | $1.9M | $1.1M | 75x | as long as short |
| Bulk XPL-USD | +1.036% | +0.0100% | 1h | $140K | $6K | 10x | as long as short |
| Variational Omni XPL | +1.066% | +0.0100% | 4h | $1.8M | $1.7M | — | as long as short |
| Nado XPL-PERP | +1.210% | +0.0100% | 1h | $1.5M | $2.4M | 10x | as long as short |
| ApeX Omni XPLUSDT | +1.390% | +0.0100% | 1h | $29K | $88K | 50x | as long as short |
| Phoenix XPLshort | +1.472% | +0.0312% | 1h | $204K | $596K | 10x | |
| Coinbase International XPL-PERP-INTX | +2.984% | +0.0888% | 1h | $76K | $135K | 50x | as long as short |