After costs, if the gap returns to its 7d average, $10k−$50
spread now+0.118%7d average−0.121%fees + slippage, in and out−$74spread needed0.740%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix XPL | 0.1001 | 0.0245 | pay 0.0031% / 1h | 29m 43s | $204K | $618K | 10x |
| Short | Aster XPLUSDT | 0.1002 | 0.0100 | get 0.0050% / 4h | 3h 29m | $270K | $456K | 20x |
Phoenix XPL
Aster XPLUSDTPrice 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
- $11.81
- Funding while held
- −$4.34
- Slippage, 4 orders
- −$59.04
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$66.57
- Spread needed to break even
- 0.740%
Slippage from Phoenix: live order book, 15 min ago; Aster: live order book, 14 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0145%
- Per $10,000 a day
- −$4.34
- 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 Phoenix live order book, 15 min ago | 1.00 bp | 14.5 bp −$15 | 55.5 bp −$555 | doesn't fit | doesn't fit |
| Sell Aster live order book, 14 min ago | 6.99 bp | 16.0 bp −$16 | 130.1 bp −$1,301 | doesn't fit | doesn't fit |
XPL price on every exchange
against the cheapest. Click to use as the short leg.Reya0.07570cheapest
Bulk0.1000+32.097%Lighter0.1000+32.137%
Reya
Bulk
LighterPhoenix0.1001+32.216%
Paradex0.1001+32.224%Bybit0.1001+32.230%ApeX Omni0.1001+32.230%OKX0.1001+32.256%Binance0.1001+32.286%Gate0.1002+32.296%BingX0.1002+32.296%Extended0.1002+32.314%KuCoin0.1002+32.322%MEXC0.1002+32.335%Pacifica0.1002+32.350%SunX0.1002+32.362%
Paradex
Bybit
ApeX Omni
OKX
Binance
Gate
BingX
Extended
KuCoin
MEXC
Pacifica
SunXAster0.1002+32.372%
Bitget0.1002+32.388%Variational Omni0.1002+32.389%Nado0.1002+32.401%dYdX0.1003+32.442%01 Exchange0.1003+32.454%Orderly0.1003+32.494%SoDEX0.1003+32.494%Polymarket Perps0.1003+32.520%HTX0.1003+32.520%GMX0.1003+32.532%Backpack0.1003+32.547%gTrade (Gains Network)0.1003+32.549%Aevo0.1003+32.560%Deribit0.1003+32.560%Hyperliquid0.1004+32.586%BloFin0.1004+32.692%Coinbase International0.1006+32.824%Kraken Futures0.1009+33.330%
Bitget
Variational Omni
Nado
dYdX
Orderly
SoDEX
Polymarket Perps
HTX
GMX
Backpack
gTrade (Gains Network)
Aevo
Deribit
Hyperliquid
BloFin
Coinbase International
Kraken FuturesXPL on 35 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Reya XPLRUSDPERP | −24.366% | 0.0000% | 1h | — | — | — | as long as short |
| Bulk XPL-USD | −0.090% | +0.0100% | 1h | $142K | $54K | 10x | as long as short |
| Lighter XPL | −0.060% | −0.0912% | 1h | $4.5M | $4.2M | 10x | as long as short |
| Phoenix XPLlong | 0.000% | +0.0245% | 1h | $204K | $618K | 10x | |
| Paradex XPL-USD-PERP | +0.006% | +0.0093% | 8h | $13K | $1K | 5x | as long as short |
| Bybit XPLUSDT | +0.010% | +0.0100% | 4h | $48.3M | $49.3M | 75x | as long as short |
| ApeX Omni XPLUSDT | +0.010% | +0.0100% | 1h | $30K | $92K | 50x | as long as short |
| OKX XPL-USDT-SWAP | +0.030% | +0.0100% | 4h | $9.4M | $54.7M | 50x | as long as short |
| Binance XPLUSDT | +0.053% | +0.0100% | 4h | $45.7M | $99.0M | 75x | as long as short |
| Gate XPL_USDT | +0.060% | +0.0100% | 4h | $3.1M | $3.9M | 75x | as long as short |
Show all 35 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| BingX XPL-USDT | +0.060% | +0.0100% | 4h | — | $8.0M | — | as long as short |
| Extended XPL-USD | +0.074% | +0.0104% | 1h | $647K | $829K | 25x | as long as short |
| KuCoin XPLUSDTM | +0.080% | +0.0100% | 4h | $2.5M | $1.5M | 50x | as long as short |
| MEXC XPL_USDT | +0.090% | +0.0100% | 4h | $14.0M | $7.6M | 100x | as long as short |
| Pacifica XPL | +0.101% | +0.0100% | 1h | $227K | $15K | 10x | as long as short |
| SunX XPL-USDT | +0.110% | +0.0100% | 4h | $3K | $2.0M | 20x | as long as short |
| Aster XPLUSDTshort | +0.118% | +0.0100% | 4h | $270K | $456K | 20x | |
| Bitget XPLUSDT | +0.130% | +0.0100% | 4h | $8.7M | $11.2M | 75x | as long as short |
| Variational Omni XPL | +0.130% | +0.0100% | 4h | $1.7M | $1.8M | — | as long as short |
| Nado XPL-PERP | +0.140% | +0.0100% | 1h | $1.5M | $2.5M | 10x | as long as short |
| dYdX XPL-USD | +0.170% | 0.0000% | 1h | $8K | — | 5x | as long as short |
| 01 Exchange XPLUSD | +0.180% | −0.0136% | 1h | $583 | $582 | 5x | as long as short |
| Orderly PERP_XPL_USDC | +0.210% | +0.0022% | 4h | $28K | $333K | 10x | as long as short |
| SoDEX XPL-USD | +0.210% | +0.0100% | 1h | $212 | $9K | 10x | as long as short |
| Polymarket Perps XPL-USD | +0.230% | +0.0100% | 1h | $136K | $3.5M | 10x | as long as short |
| HTX XPL-USDT | +0.230% | +0.0100% | 4h | $145K | $242K | 20x | as long as short |
| GMX XPL/USD [WBTC.b-USDC] | +0.239% | L −0.0040% / S +0.0454% | 1h | $135K | — | 100x | as long as short |
| Backpack XPL_USDC_PERP | +0.250% | −0.0128% | 1h | $185K | $288K | 10x | as long as short |
| gTrade (Gains Network) XPL/USD | +0.252% | L +0.0005% / S −0.0004% | 1h | $74K | — | 150x | as long as short |
| Aevo XPL-PERP | +0.260% | +0.0104% | 1h | $39K | $5K | 3x | as long as short |
| Deribit XPL_USDC-PERPETUAL | +0.260% | 0.0000% | 1h | $50K | $17K | 25x | as long as short |
| Hyperliquid XPL | +0.280% | +0.0174% | 1h | $65.7M | $40.8M | 10x | as long as short |
| BloFin XPL-USDT | +0.360% | +0.0340% | 4h | $1.8M | $1.2M | 75x | as long as short |
| Coinbase International XPL-PERP-INTX | +0.460% | +0.0840% | 1h | $78K | $134K | 50x | as long as short |
| Kraken Futures PF_XPLUSD | +0.842% | +0.1420% | 1h | $258K | $586K | 10x | as long as short |