Spread before costs (cost unknown: a leg has no order-book sample)+0.049%
7d average+0.047%if it closes, per $10,000$5funding while held, a day−$21.16
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_XPL_USDC | 0.1021 | 0.0047 | pay 0.0023% / 4h | 1h 57m | $28K | $331K | 10x |
| Short | Backpack XPL_USDC_PERP | 0.1021 | −0.0658 | pay 0.0082% / 1h | 57m 57s | $187K | $276K | 10x |
Orderly PERP_XPL_USDC
Backpack XPL_USDC_PERPPrice 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
- $4.9
- Funding while held
- −$21.16
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$32.26
- Spread needed to break even
- 0.160%
Slippage unknown: Orderly: no order-book sample; Backpack: live order book, 62 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0705%
- Per $10,000 a day
- −$21.16
- 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 Orderly no order-book sample | — | — | — | — | — |
| Sell Backpack live order book, 62 min ago | 0.48 bp | 15.2 bp −$15 | doesn't fit | doesn't fit | doesn'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.Reya0.07571cheapest
Lighter0.1019+34.594%SunX0.1019+34.594%Extended0.1020+34.687%BingX0.1020+34.713%Binance0.1020+34.739%OKX0.1020+34.739%MEXC0.1020+34.752%Bybit0.1020+34.766%Gate0.1020+34.779%
Reya
Lighter
SunX
Extended
BingX
Binance
OKX
MEXC
Bybit
GateOrderly0.1021+34.792%
Aevo0.1021+34.806%Bitget0.1021+34.832%Nado0.1021+34.832%Paradex0.1021+34.838%Aster0.1021+34.842%KuCoin0.1021+34.845%Deribit0.1021+34.845%
Aevo
Bitget
Nado
Paradex
Aster
KuCoin
DeribitBackpack0.1021+34.858%
SoDEX0.1021+34.858%BloFin0.1021+34.898%gTrade (Gains Network)0.1021+34.904%GMX0.1021+34.904%HTX0.1021+34.911%dYdX0.1021+34.913%Pacifica0.1022+34.952%Kraken Futures0.1022+34.977%Polymarket Perps0.1022+34.990%Hyperliquid0.1022+35.043%Phoenix0.1023+35.135%Variational Omni0.1024+35.263%Bulk0.1025+35.386%ApeX Omni0.1025+35.386%Coinbase International0.1031+36.113%
SoDEX
BloFin
gTrade (Gains Network)
GMX
HTX
dYdX
Pacifica
Kraken Futures
Polymarket Perps
Hyperliquid
Phoenix
Variational Omni
Bulk
ApeX Omni
Coinbase InternationalXPL on 34 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Reya XPLRUSDPERP | −25.812% | 0.0000% | 1h | — | — | — | as long as short |
| Lighter XPL | −0.147% | −0.0904% | 1h | $4.6M | $3.7M | 10x | as long as short |
| SunX XPL-USDT | −0.147% | +0.0100% | 4h | $3K | $1.8M | 20x | as long as short |
| Extended XPL-USD | −0.078% | +0.0104% | 1h | $653K | $749K | 25x | as long as short |
| BingX XPL-USDT | −0.059% | +0.0100% | 4h | — | $7.9M | — | as long as short |
| Binance XPLUSDT | −0.039% | +0.0100% | 4h | $48.0M | $86.4M | 75x | as long as short |
| OKX XPL-USDT-SWAP | −0.039% | +0.0100% | 4h | $9.9M | $50.9M | 50x | as long as short |
| MEXC XPL_USDT | −0.029% | +0.0100% | 4h | $14.4M | $6.7M | 100x | as long as short |
| Bybit XPLUSDT | −0.020% | +0.0100% | 4h | $50.0M | $43.5M | 75x | as long as short |
| Gate XPL_USDT | −0.010% | +0.0100% | 4h | $3.2M | $3.6M | 75x | as long as short |
Show all 34 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Orderly PERP_XPL_USDClong | 0.000% | +0.0047% | 4h | $28K | $331K | 10x | |
| Aevo XPL-PERP | +0.011% | +0.0104% | 1h | $40K | $5K | 3x | as long as short |
| Bitget XPLUSDT | +0.029% | +0.0100% | 4h | $9.2M | $9.9M | 75x | as long as short |
| Nado XPL-PERP | +0.029% | +0.0100% | 1h | $1.5M | $2.1M | 10x | as long as short |
| Paradex XPL-USD-PERP | +0.034% | +0.0095% | 8h | $12K | $946 | 5x | as long as short |
| Aster XPLUSDT | +0.037% | +0.0100% | 4h | $312K | $401K | 20x | as long as short |
| KuCoin XPLUSDTM | +0.039% | +0.0100% | 4h | $2.8M | $1.3M | 50x | as long as short |
| Deribit XPL_USDC-PERPETUAL | +0.039% | −0.0337% | 1h | $47K | $10K | 25x | as long as short |
| Backpack XPL_USDC_PERPshort | +0.049% | −0.0658% | 1h | $187K | $276K | 10x | |
| SoDEX XPL-USD | +0.049% | +0.0100% | 1h | $307 | $9K | 10x | as long as short |
| BloFin XPL-USDT | +0.078% | +0.0340% | 4h | $2.0M | $1.1M | 75x | as long as short |
| gTrade (Gains Network) XPL/USD | +0.083% | L +0.0005% / S −0.0004% | 1h | $73K | — | 150x | as long as short |
| GMX XPL/USD [WBTC.b-USDC] | +0.083% | L −0.0033% / S +0.0446% | 1h | $136K | — | 100x | as long as short |
| HTX XPL-USDT | +0.088% | +0.0100% | 4h | $151K | $251K | 20x | as long as short |
| dYdX XPL-USD | +0.090% | 0.0000% | 1h | $9K | — | 5x | as long as short |
| Pacifica XPL | +0.119% | +0.0100% | 1h | $230K | $18K | 10x | as long as short |
| Kraken Futures PF_XPLUSD | +0.137% | +0.0514% | 1h | $139K | $381K | 10x | as long as short |
| Polymarket Perps XPL-USD | +0.147% | +0.0100% | 1h | $139K | $3.6M | 10x | as long as short |
| Hyperliquid XPL | +0.186% | +0.0252% | 1h | $68.1M | $33.5M | 10x | as long as short |
| Phoenix XPL | +0.255% | +0.0385% | 1h | $222K | $473K | 10x | as long as short |
| Variational Omni XPL | +0.350% | +0.0100% | 4h | $1.9M | $1.4M | — | as long as short |
| Bulk XPL-USD | +0.441% | +0.0100% | 1h | $144K | $35K | 10x | as long as short |
| ApeX Omni XPLUSDT | +0.441% | +0.0100% | 1h | $32K | $83K | 50x | as long as short |
| Coinbase International XPL-PERP-INTX | +0.980% | +0.0880% | 1h | $114K | $118K | 50x | as long as short |