Spread before costs (cost unknown: a leg has no order-book sample)+0.306%
7d average—if it closes, per $10,000$31funding while held, a day+$45.33
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Paradex XPL-USD-PERP | 0.1022 | 0.0092 | pay 0.0092% / 8h | 49m 56s | $13K | $1K | 5x |
| Short | Kraken Futures PF_XPLUSD | 0.1025 | 0.1603 | get 0.0200% / 1h | 49m 56s | $148K | $426K | 10x |
Paradex XPL-USD-PERP
Kraken Futures PF_XPLUSDPrice 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
- $30.57
- Funding while held
- $45.33
- Slippage, 4 orders
- no order book: not counted
- Fee Paradex: 2 bp × 2 orders
- −$4
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $61.9
- Spread needed to break even
- 0.140%
Slippage unknown: Paradex: no order-book sample; Kraken Futures: live order book, 64 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.1511%
- Per $10,000 a day
- +$45.33
- 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 Paradex no order-book sample | — | — | — | — | — |
| Sell Kraken Futures live order book, 64 min ago | 41.55 bp | 56.3 bp −$56 | doesn't fit | doesn't fit | doesn't fit |
Paradex: 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
SunX0.1020+34.730%Lighter0.1020+34.783%Extended0.1021+34.818%Bybit0.1021+34.836%KuCoin0.1021+34.836%Gate0.1021+34.849%BingX0.1021+34.849%MEXC0.1021+34.862%ApeX Omni0.1021+34.862%Nado0.1021+34.865%GMX0.1021+34.873%Binance0.1021+34.875%OKX0.1021+34.875%gTrade (Gains Network)0.1021+34.920%Bitget0.1022+34.928%HTX0.1022+34.928%Backpack0.1022+34.941%Orderly0.1022+34.941%Deribit0.1022+34.941%01 Exchange0.1022+34.954%
Reya
SunX
Lighter
Extended
Bybit
KuCoin
Gate
BingX
MEXC
ApeX Omni
Nado
GMX
Binance
OKX
gTrade (Gains Network)
Bitget
HTX
Backpack
Orderly
DeribitParadex0.1022+34.964%
Polymarket Perps0.1022+34.968%dYdX0.1022+34.974%Pacifica0.1022+34.978%Aster0.1022+34.990%Bulk0.1022+34.994%Aevo0.1022+34.994%SoDEX0.1022+34.994%Variational Omni0.1022+35.037%BloFin0.1023+35.073%Hyperliquid0.1023+35.192%Phoenix0.1024+35.311%
Polymarket Perps
dYdX
Pacifica
Aster
Bulk
Aevo
SoDEX
Variational Omni
BloFin
Hyperliquid
PhoenixKraken Futures0.1025+35.377%
Coinbase International0.1030+36.024%
Coinbase InternationalXPL on 35 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Reya XPLRUSDPERP | −25.906% | 0.0000% | 1h | — | — | — | as long as short |
| SunX XPL-USDT | −0.174% | +0.0100% | 4h | $3K | $1.8M | 20x | as long as short |
| Lighter XPL | −0.135% | −0.0680% | 1h | $4.6M | $4.1M | 10x | as long as short |
| Extended XPL-USD | −0.108% | +0.0104% | 1h | $667K | $802K | 25x | as long as short |
| Bybit XPLUSDT | −0.095% | +0.0100% | 4h | $50.3M | $45.6M | 75x | as long as short |
| KuCoin XPLUSDTM | −0.095% | +0.0100% | 4h | $2.8M | $1.3M | 50x | as long as short |
| Gate XPL_USDT | −0.086% | +0.0100% | 4h | $3.2M | $3.8M | 75x | as long as short |
| BingX XPL-USDT | −0.086% | +0.0100% | 4h | — | $7.8M | — | as long as short |
| MEXC XPL_USDT | −0.076% | +0.0100% | 4h | $14.3M | $7.1M | 100x | as long as short |
| ApeX Omni XPLUSDT | −0.076% | +0.0100% | 1h | $30K | $88K | 50x | as long as short |
Show all 35 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Nado XPL-PERP | −0.073% | +0.0100% | 1h | $1.5M | $2.3M | 10x | as long as short |
| GMX XPL/USD [WBTC.b-USDC] | −0.068% | L −0.0038% / S +0.0451% | 1h | $136K | — | 100x | as long as short |
| Binance XPLUSDT | −0.066% | +0.0100% | 4h | $47.9M | $90.8M | 75x | as long as short |
| OKX XPL-USDT-SWAP | −0.066% | +0.0100% | 4h | $10.0M | $52.8M | 50x | as long as short |
| gTrade (Gains Network) XPL/USD | −0.033% | L +0.0005% / S −0.0004% | 1h | $73K | — | 150x | as long as short |
| Bitget XPLUSDT | −0.027% | +0.0100% | 4h | $9.1M | $10.6M | 75x | as long as short |
| HTX XPL-USDT | −0.027% | +0.0100% | 4h | $150K | $255K | 20x | as long as short |
| Backpack XPL_USDC_PERP | −0.017% | +0.0100% | 1h | $188K | $284K | 10x | as long as short |
| Orderly PERP_XPL_USDC | −0.017% | +0.0041% | 4h | $28K | $331K | 10x | as long as short |
| Deribit XPL_USDC-PERPETUAL | −0.017% | −0.0141% | 1h | $48K | $11K | 25x | as long as short |
| 01 Exchange XPLUSD | −0.007% | −0.0072% | 1h | $594 | $3K | 5x | as long as short |
| Paradex XPL-USD-PERPlong | 0.000% | +0.0092% | 8h | $13K | $1K | 5x | |
| Polymarket Perps XPL-USD | +0.002% | +0.0100% | 1h | $141K | $3.6M | 10x | as long as short |
| dYdX XPL-USD | +0.007% | 0.0000% | 1h | $9K | — | 5x | as long as short |
| Pacifica XPL | +0.010% | +0.0100% | 1h | $230K | $19K | 10x | as long as short |
| Aster XPLUSDT | +0.019% | +0.0100% | 4h | $276K | $441K | 20x | as long as short |
| Bulk XPL-USD | +0.022% | +0.0100% | 1h | $143K | $35K | 10x | as long as short |
| Aevo XPL-PERP | +0.022% | +0.0104% | 1h | $40K | $5K | 3x | as long as short |
| SoDEX XPL-USD | +0.022% | +0.0100% | 1h | $208 | $9K | 10x | as long as short |
| Variational Omni XPL | +0.054% | +0.0100% | 4h | $1.9M | $1.5M | — | as long as short |
| BloFin XPL-USDT | +0.081% | +0.0340% | 4h | $2.0M | $1.1M | 75x | as long as short |
| Hyperliquid XPL | +0.169% | +0.0365% | 1h | $68.3M | $35.1M | 10x | as long as short |
| Phoenix XPL | +0.257% | +0.0312% | 1h | $209K | $596K | 10x | as long as short |
| Kraken Futures PF_XPLUSDshort | +0.306% | +0.1603% | 1h | $148K | $426K | 10x | |
| Coinbase International XPL-PERP-INTX | +0.785% | +0.0888% | 1h | $108K | $120K | 50x | as long as short |