After costs, if the gap returns to its 7d average, $10k−$66
spread now−0.282%7d average−0.128%fees + slippage, in and out−$50spread needed0.503%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps XPL-USD | 0.1027 | 0.0100 | pay 0.0013% / 1h | 2m 10s | $142K | $3.6M | 10x |
| Short | Bybit XPLUSDT | 0.1024 | 0.0100 | get 0.0050% / 4h | 1h 02m | $50.5M | $45.6M | 75x |
Polymarket Perps XPL-USD
Bybit 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
- −$28.24
- Funding while held
- $0
- Slippage, 4 orders
- −$31.34
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$78.59
- Spread needed to break even
- 0.503%
Slippage from Polymarket Perps: live order book, 3 min ago; Bybit: live order book, 3 min ago.
Cost of waiting
funding view- Funding /8h
- 0.0000%
- Per $10,000 a day
- +$0.00
- 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 Polymarket Perps live order book, 3 min ago | 2.91 bp | 7.4 bp −$7 | 8.5 bp −$85 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 3 min ago | 0.49 bp | 19.9 bp −$20 | 48.4 bp −$484 | 300.1 bp −$30.0K | doesn't fit |
XPL price on every exchange
against the cheapest. Click to use as the short leg.Reya0.07571cheapest
BingX0.1022+34.992%OKX0.1022+35.058%Bitget0.1023+35.084%SunX0.1023+35.124%Lighter0.1023+35.150%MEXC0.1023+35.150%
Reya
BingX
OKX
Bitget
SunX
Lighter
MEXCBybit0.1024+35.243%
Gate0.1024+35.243%Backpack0.1024+35.282%Binance0.1024+35.319%Extended0.1025+35.350%Aevo0.1025+35.376%SoDEX0.1025+35.388%Deribit0.1025+35.428%KuCoin0.1025+35.441%Orderly0.1025+35.441%Hyperliquid0.1026+35.467%Paradex0.1026+35.492%Nado0.1026+35.507%HTX0.1026+35.533%GMX0.1026+35.543%gTrade (Gains Network)0.1026+35.545%Aster0.1026+35.575%Pacifica0.1027+35.609%01 Exchange0.1027+35.613%
Gate
Backpack
Binance
Extended
Aevo
SoDEX
Deribit
KuCoin
Orderly
Hyperliquid
Paradex
Nado
HTX
GMX
gTrade (Gains Network)
Aster
PacificaPolymarket Perps0.1027+35.626%
dYdX0.1027+35.629%BloFin0.1027+35.639%Kraken Futures0.1028+35.724%Variational Omni0.1030+36.017%ApeX Omni0.1030+36.048%Phoenix0.1030+36.048%Bulk0.1031+36.171%Coinbase International0.1036+36.894%
dYdX
BloFin
Kraken Futures
Variational Omni
ApeX Omni
Phoenix
Bulk
Coinbase InternationalXPL on 35 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Reya XPLRUSDPERP | −26.268% | 0.0000% | 1h | — | — | — | as long as short |
| BingX XPL-USDT | −0.467% | +0.0100% | 4h | — | $7.8M | — | as long as short |
| OKX XPL-USDT-SWAP | −0.419% | +0.0100% | 4h | $10.0M | $52.7M | 50x | as long as short |
| Bitget XPLUSDT | −0.399% | +0.0100% | 4h | $9.1M | $10.5M | 75x | as long as short |
| SunX XPL-USDT | −0.370% | +0.0100% | 4h | $3K | $1.8M | 20x | as long as short |
| Lighter XPL | −0.351% | −0.0976% | 1h | $4.6M | $4.1M | 10x | as long as short |
| MEXC XPL_USDT | −0.351% | +0.0100% | 4h | $14.3M | $7.1M | 100x | as long as short |
| Bybit XPLUSDTshort | −0.282% | +0.0100% | 4h | $50.5M | $45.6M | 75x | |
| Gate XPL_USDT | −0.282% | +0.0100% | 4h | $3.2M | $3.8M | 75x | as long as short |
| Backpack XPL_USDC_PERP | −0.253% | +0.0060% | 1h | $187K | $281K | 10x | as long as short |
Show all 35 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Binance XPLUSDT | −0.226% | +0.0100% | 4h | $48.1M | $90.3M | 75x | as long as short |
| Extended XPL-USD | −0.204% | +0.0104% | 1h | $671K | $809K | 25x | as long as short |
| Aevo XPL-PERP | −0.184% | +0.0104% | 1h | $40K | $5K | 3x | as long as short |
| SoDEX XPL-USD | −0.175% | +0.0100% | 1h | $207 | $9K | 10x | as long as short |
| Deribit XPL_USDC-PERPETUAL | −0.146% | −0.0237% | 1h | $47K | $10K | 25x | as long as short |
| KuCoin XPLUSDTM | −0.136% | +0.0100% | 4h | $2.8M | $1.3M | 50x | as long as short |
| Orderly PERP_XPL_USDC | −0.136% | +0.0035% | 4h | $28K | $331K | 10x | as long as short |
| Hyperliquid XPL | −0.117% | +0.0253% | 1h | $68.6M | $35.1M | 10x | as long as short |
| Paradex XPL-USD-PERP | −0.099% | +0.0090% | 8h | $12K | $946 | 5x | as long as short |
| Nado XPL-PERP | −0.088% | +0.0100% | 1h | $1.5M | $2.3M | 10x | as long as short |
| HTX XPL-USDT | −0.068% | +0.0100% | 4h | $151K | $254K | 20x | as long as short |
| GMX XPL/USD [WBTC.b-USDC] | −0.061% | L −0.0037% / S +0.0451% | 1h | $137K | — | 100x | as long as short |
| gTrade (Gains Network) XPL/USD | −0.059% | L +0.0005% / S −0.0004% | 1h | $73K | — | 150x | as long as short |
| Aster XPLUSDT | −0.037% | +0.0100% | 4h | $277K | $440K | 20x | as long as short |
| Pacifica XPL | −0.013% | +0.0100% | 1h | $231K | $19K | 10x | as long as short |
| 01 Exchange XPLUSD | −0.010% | −0.0096% | 1h | $597 | $3K | 5x | as long as short |
| Polymarket Perps XPL-USDlong | 0.000% | +0.0100% | 1h | $142K | $3.6M | 10x | |
| dYdX XPL-USD | +0.002% | 0.0000% | 1h | $9K | — | 5x | as long as short |
| BloFin XPL-USDT | +0.010% | +0.0340% | 4h | $2.0M | $1.1M | 75x | as long as short |
| Kraken Futures PF_XPLUSD | +0.072% | +0.0511% | 1h | $143K | $418K | 10x | as long as short |
| Variational Omni XPL | +0.288% | +0.0100% | 4h | $2.0M | $1.5M | — | as long as short |
| ApeX Omni XPLUSDT | +0.312% | +0.0100% | 1h | $30K | $87K | 50x | as long as short |
| Phoenix XPL | +0.312% | +0.0391% | 1h | $210K | $528K | 10x | as long as short |
| Bulk XPL-USD | +0.402% | +0.0100% | 1h | $144K | $35K | 10x | as long as short |
| Coinbase International XPL-PERP-INTX | +0.935% | +0.0880% | 1h | $109K | $121K | 50x | as long as short |