After costs, if the gap returns to its 7d average, $10k−$97
spread now−0.015%7d average−0.100%fees + slippage, in and out−$105spread needed1.052%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix XPL | 0.09986 | 0.0324 | pay 0.0041% / 1h | 25m 20s | $204K | $621K | 10x |
| Short | Kraken Futures PF_XPLUSD | 0.09985 | 0.2758 | get 0.0345% / 1h | 25m 20s | $292K | $691K | 10x |
Phoenix XPL
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
- −$1.49
- Funding while held
- $73.02
- Slippage, 4 orders
- −$88.23
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$33.7
- Spread needed to break even
- 1.052%
Slippage from Phoenix: live order book, 9 min ago; Kraken Futures: live order book, 9 min ago.
Cost of waiting
funding view- Funding /8h
- +0.2434%
- Per $10,000 a day
- +$73.02
- 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, 9 min ago | 1.00 bp | 14.5 bp −$15 | 55.8 bp −$558 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 9 min ago | 21.97 bp | 39.8 bp −$40 | 128.2 bp −$1,282 | doesn't fit | doesn't fit |
XPL price on every exchange
against the cheapest. Click to use as the short leg.Reya0.07570cheapest
Lighter0.09928+31.141%SunX0.09930+31.167%01 Exchange0.09931+31.180%Bybit0.09935+31.233%MEXC0.09935+31.233%Binance0.09936+31.246%Orderly0.09936+31.246%OKX0.09937+31.260%BingX0.09937+31.260%Extended0.09937+31.263%Gate0.09938+31.273%KuCoin0.09938+31.273%Aevo0.09940+31.299%Paradex0.09941+31.311%Nado0.09941+31.312%GMX0.09943+31.336%Bitget0.09943+31.339%gTrade (Gains Network)0.09945+31.361%Pacifica0.09948+31.408%dYdX0.09949+31.414%Aster0.09949+31.424%Polymarket Perps0.09950+31.429%SoDEX0.09950+31.431%Deribit0.09952+31.458%Backpack0.09954+31.484%Hyperliquid0.09954+31.491%HTX0.09960+31.563%Bulk0.09965+31.629%BloFin0.09967+31.656%ApeX Omni0.09970+31.696%Variational Omni0.09979+31.814%
Reya
Lighter
SunX
Bybit
MEXC
Binance
Orderly
OKX
BingX
Extended
Gate
KuCoin
Aevo
Paradex
Nado
GMX
Bitget
gTrade (Gains Network)
Pacifica
dYdX
Aster
Polymarket Perps
SoDEX
Deribit
Backpack
Hyperliquid
HTX
Bulk
BloFin
ApeX Omni
Variational OmniKraken Futures0.09985+31.887%
Phoenix0.09986+31.907%
Coinbase International0.1002+32.396%
Coinbase InternationalXPL on 35 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Reya XPLRUSDPERP | −24.189% | 0.0000% | 1h | — | — | — | as long as short |
| Lighter XPL | −0.581% | −0.0696% | 1h | $4.5M | $4.2M | 10x | as long as short |
| SunX XPL-USDT | −0.561% | +0.0100% | 4h | $2K | $1.9M | 20x | as long as short |
| 01 Exchange XPLUSD | −0.551% | −0.0056% | 1h | $577 | $583 | 5x | as long as short |
| Bybit XPLUSDT | −0.511% | +0.0100% | 4h | $47.8M | $49.3M | 75x | as long as short |
| MEXC XPL_USDT | −0.511% | +0.0100% | 4h | $13.6M | $7.3M | 100x | as long as short |
| Binance XPLUSDT | −0.501% | +0.0100% | 4h | $45.3M | $100.1M | 75x | as long as short |
| Orderly PERP_XPL_USDC | −0.501% | +0.0046% | 4h | $28K | $333K | 10x | as long as short |
| OKX XPL-USDT-SWAP | −0.491% | +0.0100% | 4h | $9.3M | $52.6M | 50x | as long as short |
| BingX XPL-USDT | −0.491% | +0.0100% | 4h | — | $7.9M | — | as long as short |
Show all 35 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Extended XPL-USD | −0.488% | +0.0104% | 1h | $630K | $848K | 25x | as long as short |
| Gate XPL_USDT | −0.481% | +0.0100% | 4h | $3.1M | $4.0M | 75x | as long as short |
| KuCoin XPLUSDTM | −0.481% | +0.0100% | 4h | $2.4M | $1.4M | 50x | as long as short |
| Aevo XPL-PERP | −0.461% | +0.0104% | 1h | $39K | $5K | 3x | as long as short |
| Paradex XPL-USD-PERP | −0.452% | +0.0099% | 8h | $13K | $2K | 5x | as long as short |
| Nado XPL-PERP | −0.451% | +0.0100% | 1h | $1.4M | $2.6M | 10x | as long as short |
| GMX XPL/USD [WBTC.b-USDC] | −0.433% | L +0.0205% / S +0.0037% | 1h | $139K | — | 100x | as long as short |
| Bitget XPLUSDT | −0.431% | +0.0100% | 4h | $8.7M | $10.8M | 75x | as long as short |
| gTrade (Gains Network) XPL/USD | −0.414% | L +0.0005% / S −0.0004% | 1h | $56K | — | 150x | as long as short |
| Pacifica XPL | −0.379% | +0.0100% | 1h | $225K | $14K | 10x | as long as short |
| dYdX XPL-USD | −0.374% | 0.0000% | 1h | $8K | — | 5x | as long as short |
| Aster XPLUSDT | −0.366% | +0.0100% | 4h | $275K | $471K | 20x | as long as short |
| Polymarket Perps XPL-USD | −0.363% | +0.0100% | 1h | $134K | $2.7M | 10x | as long as short |
| SoDEX XPL-USD | −0.361% | +0.0100% | 1h | $206 | $10K | 10x | as long as short |
| Deribit XPL_USDC-PERPETUAL | −0.340% | −0.0051% | 1h | $49K | $17K | 25x | as long as short |
| Backpack XPL_USDC_PERP | −0.320% | −0.0420% | 1h | $183K | $282K | 10x | as long as short |
| Hyperliquid XPL | −0.315% | +0.0265% | 1h | $65.5M | $43.7M | 10x | as long as short |
| HTX XPL-USDT | −0.260% | +0.0100% | 4h | $144K | $241K | 20x | as long as short |
| Bulk XPL-USD | −0.210% | +0.0100% | 1h | $141K | $53K | 10x | as long as short |
| BloFin XPL-USDT | −0.190% | +0.0340% | 4h | $1.8M | $1.2M | 75x | as long as short |
| ApeX Omni XPLUSDT | −0.160% | +0.0100% | 1h | $26K | $82K | 50x | as long as short |
| Variational Omni XPL | −0.071% | +0.0100% | 4h | $1.7M | $1.8M | — | as long as short |
| Kraken Futures PF_XPLUSDshort | −0.015% | +0.2758% | 1h | $292K | $691K | 10x | |
| Phoenix XPLlong | 0.000% | +0.0324% | 1h | $204K | $621K | 10x | |
| Coinbase International XPL-PERP-INTX | +0.371% | +0.0848% | 1h | $77K | $117K | 50x | as long as short |