data as of
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Price arb /

XPL

all XPL markets
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Spread before costs (cost unknown: a leg has no order-book sample)+0.059%
7d average+0.088%if it closes, per $10,000$6funding while held, a day+$2.13
Long on OrderlyShort on Aster
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOrderly PERP_XPL_USDC0.10090.0029pay 0.0015% / 4h14m 13s$28K$331K10x
ShortAster XPLUSDT0.10100.0100get 0.0050% / 4h14m 13s$271K$446K20x

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
$5.94
Funding while held
$2.13
Slippage, 4 orders
no order book: not counted
Fee Orderly: 3 bp × 2 orders
−$6
Fee Aster: 4 bp × 2 orders
−$8
Net
−$5.93
Spread needed to break even
0.140%
Slippage unknown: Orderly: no order-book sample; Aster: live order book, 35 min ago. Net counts fees only.

Cost of waiting

funding view
Funding /8h
+0.0071%
Per $10,000 a day
+$2.13
Average in range /8h
—

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Orderly no order-book sample—————
Sell Aster live order book, 35 min ago6.91 bp13.5 bp −$13129.5 bp −$1,295doesn't fitdoesn't fit
Orderly: 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.
Reya0.07570cheapest
Variational Omni0.1004+32.583%Bulk0.1005+32.773%BloFin0.1006+32.931%ApeX Omni0.1007+33.023%Phoenix0.1007+33.023%dYdX0.1007+33.066%HTX0.1008+33.089%Paradex0.1008+33.100%Nado0.1008+33.119%KuCoin0.1008+33.155%Backpack0.1008+33.155%01 Exchange0.1008+33.168%Pacifica0.1008+33.178%Lighter0.1008+33.195%SunX0.1009+33.287%MEXC0.1009+33.301%Bybit0.1009+33.314%
Orderly0.1009+33.340%
BingX0.1009+33.353%Coinbase International0.1009+33.353%Binance0.1010+33.358%Extended0.1010+33.372%GMX0.1010+33.382%gTrade (Gains Network)0.1010+33.388%Gate0.1010+33.393%Bitget0.1010+33.393%Polymarket Perps0.1010+33.393%Deribit0.1010+33.406%
Aster0.1010+33.419%
OKX0.1010+33.419%Aevo0.1010+33.419%SoDEX0.1010+33.419%Hyperliquid0.1011+33.512%Kraken Futures0.1012+33.676%

XPL on 35 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Reya XPLRUSDPERP−25.004%0.0000%1h———as long as short
Variational Omni XPL−0.568%+0.0100%4h$1.8M$1.7M—as long as short
Bulk XPL-USD−0.426%+0.0100%1h$141K$6K10xas long as short
BloFin XPL-USDT−0.307%+0.0340%4h$1.9M$1.2M75xas long as short
ApeX Omni XPLUSDT−0.238%+0.0100%1h$30K$88K50xas long as short
Phoenix XPL−0.238%+0.0312%1h$205K$596K10xas long as short
dYdX XPL-USD−0.206%0.0000%1h$8K—5xas long as short
HTX XPL-USDT−0.188%+0.0100%4h$148K$255K20xas long as short
Paradex XPL-USD-PERP−0.180%+0.0094%8h$13K$1K5xas long as short
Nado XPL-PERP−0.166%+0.0100%1h$1.5M$2.4M10xas long as short
Show all 35 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
KuCoin XPLUSDTM−0.139%+0.0100%4h$2.8M$1.3M50xas long as short
Backpack XPL_USDC_PERP−0.139%−0.0218%1h$187K$289K10xas long as short
01 Exchange XPLUSD−0.129%−0.0160%1h$586$3K5xas long as short
Pacifica XPL−0.122%+0.0100%1h$228K$19K10xas long as short
Lighter XPL−0.109%−0.0888%1h$4.6M$4.2M10xas long as short
SunX XPL-USDT−0.040%+0.0100%4h$2K$1.9M20xas long as short
MEXC XPL_USDT−0.030%+0.0100%4h$14.6M$7.4M100xas long as short
Bybit XPLUSDT−0.020%+0.0100%4h$49.1M$47.6M75xas long as short
Orderly PERP_XPL_USDClong0.000%+0.0029%4h$28K$331K10x
BingX XPL-USDT+0.010%+0.0100%4h—$7.9M—as long as short
Coinbase International XPL-PERP-INTX+0.010%+0.0888%1h$76K$141K50xas long as short
Binance XPLUSDT+0.014%+0.0100%4h$47.0M$93.5M75xas long as short
Extended XPL-USD+0.024%+0.0104%1h$652K$807K25xas long as short
GMX XPL/USD [WBTC.b-USDC]+0.032%L −0.0040% / S +0.0454%1h$134K—100xas long as short
gTrade (Gains Network) XPL/USD+0.036%L +0.0005% / S −0.0004%1h$72K—150xas long as short
Gate XPL_USDT+0.040%+0.0100%4h$3.1M$3.9M75xas long as short
Bitget XPLUSDT+0.040%+0.0100%4h$9.0M$10.8M75xas long as short
Polymarket Perps XPL-USD+0.040%+0.0100%1h$140K$3.5M10xas long as short
Deribit XPL_USDC-PERPETUAL+0.050%0.0000%1h$48K$11K25xas long as short
Aster XPLUSDTshort+0.059%+0.0100%4h$271K$446K20x
OKX XPL-USDT-SWAP+0.059%+0.0100%4h$9.7M$53.2M50xas long as short
Aevo XPL-PERP+0.059%+0.0104%1h$39K$5K3xas long as short
SoDEX XPL-USD+0.059%+0.0100%1h$216$9K10xas long as short
Hyperliquid XPL+0.129%+0.0235%1h$67.6M$35.9M10xas long as short
Kraken Futures PF_XPLUSD+0.252%+0.1623%1h$151K$439K10xas long as short