After costs, if the gap returns to its 7d average, $10k−$132
spread now+0.620%7d average+0.556%fees + slippage, in and out−$138spread needed1.380%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix XPL | 0.09993 | 0.0245 | pay 0.0031% / 1h | 20m 56s | $204K | $618K | 10x |
| Short | Coinbase International XPL-PERP-INTX | 0.1006 | 0.0840 | get 0.0105% / 1h | 20m 56s | $78K | $134K | 50x |
Phoenix XPL
Coinbase International XPL-PERP-INTXPrice 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
- $62.04
- Funding while held
- $17.86
- Slippage, 4 orders
- −$120.99
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$58.08
- Spread needed to break even
- 1.380%
Slippage from Phoenix: live order book, 24 min ago; Coinbase International: live order book, 23 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0595%
- Per $10,000 a day
- +$17.86
- 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, 24 min ago | 1.00 bp | 14.5 bp −$15 | 55.5 bp −$555 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 23 min ago | 37.47 bp | 59.3 bp −$59 | doesn't fit | doesn't fit | doesn't fit |
XPL price on every exchange
against the cheapest. Click to use as the short leg.Reya0.07570cheapest
Bybit0.09946+31.382%Binance0.09947+31.392%BingX0.09947+31.395%Paradex0.09949+31.416%Extended0.09949+31.417%Gate0.09949+31.421%BloFin0.09949+31.421%OKX0.09950+31.435%KuCoin0.09950+31.435%SunX0.09950+31.435%Nado0.09951+31.445%Lighter0.09951+31.448%MEXC0.09953+31.474%Bitget0.09957+31.527%01 Exchange0.09960+31.567%SoDEX0.09960+31.567%Orderly0.09961+31.580%Polymarket Perps0.09962+31.596%Deribit0.09963+31.606%Pacifica0.09963+31.609%GMX0.09966+31.643%gTrade (Gains Network)0.09966+31.645%Aevo0.09967+31.662%Backpack0.09968+31.672%Aster0.09970+31.701%dYdX0.09970+31.703%Hyperliquid0.09980+31.828%
Reya
Bybit
Binance
BingX
Paradex
Extended
Gate
BloFin
OKX
KuCoin
SunX
Nado
Lighter
MEXC
Bitget
SoDEX
Orderly
Polymarket Perps
Deribit
Pacifica
GMX
gTrade (Gains Network)
Aevo
Backpack
Aster
dYdX
HyperliquidPhoenix0.09993+32.003%
HTX0.09997+32.055%Variational Omni0.1000+32.104%ApeX Omni0.1001+32.227%Bulk0.1001+32.280%Kraken Futures0.1002+32.355%
HTX
Variational Omni
ApeX Omni
Bulk
Kraken FuturesCoinbase International0.1006+32.822%
XPL on 35 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Reya XPLRUSDPERP | −24.244% | 0.0000% | 1h | — | — | — | as long as short |
| Bybit XPLUSDT | −0.470% | +0.0100% | 4h | $47.9M | $49.3M | 75x | as long as short |
| Binance XPLUSDT | −0.463% | +0.0100% | 4h | $45.3M | $98.9M | 75x | as long as short |
| BingX XPL-USDT | −0.460% | +0.0100% | 4h | — | $7.9M | — | as long as short |
| Paradex XPL-USD-PERP | −0.444% | +0.0094% | 8h | $13K | $1K | 5x | as long as short |
| Extended XPL-USD | −0.444% | +0.0104% | 1h | $643K | $829K | 25x | as long as short |
| Gate XPL_USDT | −0.440% | +0.0100% | 4h | $3.1M | $3.9M | 75x | as long as short |
| BloFin XPL-USDT | −0.440% | +0.0340% | 4h | $1.8M | $1.2M | 75x | as long as short |
| OKX XPL-USDT-SWAP | −0.430% | +0.0100% | 4h | $9.4M | $54.2M | 50x | as long as short |
| KuCoin XPLUSDTM | −0.430% | +0.0100% | 4h | $2.5M | $1.5M | 50x | as long as short |
Show all 35 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| SunX XPL-USDT | −0.430% | +0.0100% | 4h | $2K | $2.0M | 20x | as long as short |
| Nado XPL-PERP | −0.423% | +0.0100% | 1h | $1.4M | $2.5M | 10x | as long as short |
| Lighter XPL | −0.420% | −0.0872% | 1h | $4.5M | $4.2M | 10x | as long as short |
| MEXC XPL_USDT | −0.400% | +0.0100% | 4h | $13.9M | $7.6M | 100x | as long as short |
| Bitget XPLUSDT | −0.360% | +0.0100% | 4h | $8.7M | $11.2M | 75x | as long as short |
| 01 Exchange XPLUSD | −0.330% | −0.0112% | 1h | $579 | $582 | 5x | as long as short |
| SoDEX XPL-USD | −0.330% | +0.0100% | 1h | $208 | $9K | 10x | as long as short |
| Orderly PERP_XPL_USDC | −0.320% | +0.0022% | 4h | $28K | $333K | 10x | as long as short |
| Polymarket Perps XPL-USD | −0.308% | +0.0100% | 1h | $135K | $3.4M | 10x | as long as short |
| Deribit XPL_USDC-PERPETUAL | −0.300% | −0.0051% | 1h | $49K | $17K | 25x | as long as short |
| Pacifica XPL | −0.298% | +0.0100% | 1h | $225K | $15K | 10x | as long as short |
| GMX XPL/USD [WBTC.b-USDC] | −0.272% | L −0.0040% / S +0.0454% | 1h | $134K | — | 100x | as long as short |
| gTrade (Gains Network) XPL/USD | −0.271% | L +0.0005% / S −0.0004% | 1h | $74K | — | 150x | as long as short |
| Aevo XPL-PERP | −0.258% | +0.0104% | 1h | $39K | $5K | 3x | as long as short |
| Backpack XPL_USDC_PERP | −0.250% | −0.0179% | 1h | $184K | $288K | 10x | as long as short |
| Aster XPLUSDT | −0.228% | +0.0100% | 4h | $266K | $454K | 20x | as long as short |
| dYdX XPL-USD | −0.227% | 0.0000% | 1h | $8K | — | 5x | as long as short |
| Hyperliquid XPL | −0.132% | +0.0197% | 1h | $65.3M | $40.8M | 10x | as long as short |
| Phoenix XPLlong | 0.000% | +0.0245% | 1h | $204K | $618K | 10x | |
| HTX XPL-USDT | +0.040% | +0.0100% | 4h | $145K | $242K | 20x | as long as short |
| Variational Omni XPL | +0.077% | +0.0100% | 4h | $1.7M | $1.8M | — | as long as short |
| ApeX Omni XPLUSDT | +0.170% | +0.0100% | 1h | $30K | $92K | 50x | as long as short |
| Bulk XPL-USD | +0.210% | +0.0100% | 1h | $142K | $52K | 10x | as long as short |
| Kraken Futures PF_XPLUSD | +0.267% | +0.1430% | 1h | $254K | $588K | 10x | as long as short |
| Coinbase International XPL-PERP-INTXshort | +0.620% | +0.0840% | 1h | $78K | $134K | 50x |