data as of
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Price arb /

XPL

all XPL markets
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

After costs, if the gap returns to its 7d average, $10k−$46
spread now−0.106%7d average−0.160%fees + slippage, in and out−$52spread needed0.515%
Long on PhoenixShort on Nado
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhoenix XPL0.099500.0245pay 0.0031% / 1h16m 23s$203K$618K10x
ShortNado XPL-PERP0.099390.0100get 0.0012% / 1h16m 23s$1.4M$2.5M10x

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
−$10.55
Funding while held
−$4.34
Slippage, 4 orders
−$37.52
Fee Phoenix: 3.5 bp × 2 orders
−$7
Fee Nado: 3.5 bp × 2 orders
−$7
Net
−$66.41
Spread needed to break even
0.515%
Slippage from Phoenix: live order book, 28 min ago; Nado: live order book, 4 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
LegHalf-spread$10k$100k$1M$5M
Buy Phoenix live order book, 28 min ago1.00 bp14.5 bp −$1555.5 bp −$555doesn't fitdoesn't fit
Sell Nado live order book, 4 min ago3.53 bp11.5 bp −$1221.9 bp −$219doesn't fitdoesn't fit

XPL price on every exchange

against the cheapest. Click to use as the short leg.
Reya0.07570cheapest
ApeX Omni0.09920+31.052%BloFin0.09926+31.131%SunX0.09930+31.184%HTX0.09933+31.224%Orderly0.09938+31.290%BingX0.09939+31.303%
Nado0.09939+31.309%
Aevo0.09940+31.316%SoDEX0.09940+31.316%Deribit0.09941+31.329%GMX0.09941+31.334%Lighter0.09942+31.342%Backpack0.09942+31.342%KuCoin0.09947+31.408%Gate0.09948+31.422%Bybit0.09950+31.448%
Phoenix0.09950+31.448%
gTrade (Gains Network)0.09950+31.449%Paradex0.09950+31.452%Aster0.09953+31.487%OKX0.09953+31.488%Extended0.09954+31.505%01 Exchange0.09957+31.541%dYdX0.09957+31.542%Binance0.09960+31.586%Bitget0.09961+31.593%Pacifica0.09962+31.605%MEXC0.09962+31.607%Polymarket Perps0.09968+31.686%Hyperliquid0.09972+31.740%Variational Omni0.09972+31.743%Kraken Futures0.09996+32.052%Bulk0.1001+32.293%Coinbase International0.1006+32.835%

XPL on 35 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Reya XPLRUSDPERP−23.924%0.0000%1h———as long as short
ApeX Omni XPLUSDT−0.302%+0.0100%1h$29K$92K50xas long as short
BloFin XPL-USDT−0.241%+0.0340%4h$1.9M$1.2M75xas long as short
SunX XPL-USDT−0.201%+0.0100%4h$2K$2.0M20xas long as short
HTX XPL-USDT−0.171%+0.0100%4h$144K$241K20xas long as short
Orderly PERP_XPL_USDC−0.121%+0.0022%4h$28K$333K10xas long as short
BingX XPL-USDT−0.111%+0.0100%4h—$7.9M—as long as short
Nado XPL-PERPshort−0.106%+0.0100%1h$1.4M$2.5M10x
Aevo XPL-PERP−0.101%+0.0104%1h$39K$5K3xas long as short
SoDEX XPL-USD−0.101%+0.0100%1h$206$9K10xas long as short
Show all 35 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Deribit XPL_USDC-PERPETUAL−0.090%−0.0052%1h$49K$17K25xas long as short
GMX XPL/USD [WBTC.b-USDC]−0.086%L −0.0039% / S +0.0454%1h$134K—100xas long as short
Lighter XPL−0.080%−0.0880%1h$4.5M$4.2M10xas long as short
Backpack XPL_USDC_PERP−0.080%−0.0201%1h$183K$286K10xas long as short
KuCoin XPLUSDTM−0.030%+0.0100%4h$2.5M$1.4M50xas long as short
Gate XPL_USDT−0.020%+0.0100%4h$3.1M$3.9M75xas long as short
Bybit XPLUSDT0.000%+0.0100%4h$47.9M$49.1M75xas long as short
Phoenix XPLlong0.000%+0.0245%1h$203K$618K10x
gTrade (Gains Network) XPL/USD+0.001%L +0.0005% / S −0.0004%1h$74K—150xas long as short
Paradex XPL-USD-PERP+0.003%+0.0094%8h$13K$1K5xas long as short
Aster XPLUSDT+0.029%+0.0100%4h$265K$455K20xas long as short
OKX XPL-USDT-SWAP+0.030%+0.0100%4h$9.4M$54.2M50xas long as short
Extended XPL-USD+0.043%+0.0104%1h$643K$829K25xas long as short
01 Exchange XPLUSD+0.070%−0.0120%1h$579$5825xas long as short
dYdX XPL-USD+0.071%0.0000%1h$8K—5xas long as short
Binance XPLUSDT+0.105%+0.0100%4h$45.4M$98.7M75xas long as short
Bitget XPLUSDT+0.111%+0.0100%4h$8.7M$11.1M75xas long as short
Pacifica XPL+0.120%+0.0100%1h$225K$15K10xas long as short
MEXC XPL_USDT+0.121%+0.0100%4h$13.9M$7.6M100xas long as short
Polymarket Perps XPL-USD+0.181%+0.0100%1h$136K$3.3M10xas long as short
Hyperliquid XPL+0.222%+0.0158%1h$64.8M$41.2M10xas long as short
Variational Omni XPL+0.225%+0.0100%4h$1.7M$1.8M—as long as short
Kraken Futures PF_XPLUSD+0.459%+0.1434%1h$253K$585K10xas long as short
Bulk XPL-USD+0.643%+0.0100%1h$142K$52K10xas long as short
Coinbase International XPL-PERP-INTX+1.055%+0.0840%1h$78K$134K50xas long as short