After costs, if the gap returns to its 7d average, $10k−$151
spread now+0.405%7d average+0.634%fees + slippage, in and out−$128spread needed1.280%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps XPL-USD | 0.09983 | 0.0100 | pay 0.0013% / 1h | 29m 52s | $134K | $2.7M | 10x |
| Short | Coinbase International XPL-PERP-INTX | 0.1002 | 0.0848 | get 0.0106% / 1h | 29m 52s | $77K | $117K | 50x |
Polymarket Perps XPL-USD
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
- $40.47
- Funding while held
- $22.44
- Slippage, 4 orders
- −$110.03
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$65.12
- Spread needed to break even
- 1.280%
Slippage from Polymarket Perps: live order book, 5 min ago; Coinbase International: live order book, 4 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0748%
- Per $10,000 a day
- +$22.44
- 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, 5 min ago | 1.05 bp | 5.1 bp −$5 | 6.3 bp −$63 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 4 min ago | 30.60 bp | 60.6 bp −$61 | doesn't fit | doesn't fit | doesn't fit |
XPL price on every exchange
against the cheapest. Click to use as the short leg.Reya0.07571cheapest
SunX0.09950+31.430%Lighter0.09964+31.615%Bulk0.09965+31.629%ApeX Omni0.09970+31.695%Nado0.09971+31.711%01 Exchange0.09973+31.734%HTX0.09975+31.761%Paradex0.09977+31.783%Orderly0.09977+31.787%Variational Omni0.09979+31.813%SoDEX0.09980+31.827%BloFin0.09980+31.827%Phoenix0.09981+31.840%Deribit0.09981+31.840%GMX0.09982+31.848%Aevo0.09982+31.848%Gate0.09982+31.853%MEXC0.09982+31.853%BingX0.09982+31.853%gTrade (Gains Network)0.09982+31.854%
Reya
SunX
Lighter
Bulk
ApeX Omni
Nado
HTX
Paradex
Orderly
Variational Omni
SoDEX
BloFin
Phoenix
Deribit
GMX
Aevo
Gate
MEXC
BingX
gTrade (Gains Network)Polymarket Perps0.09983+31.861%
Binance0.09983+31.866%Bybit0.09984+31.879%Pacifica0.09984+31.885%Extended0.09985+31.890%OKX0.09985+31.893%Backpack0.09985+31.893%dYdX0.09986+31.911%KuCoin0.09987+31.919%Bitget0.09987+31.919%Aster0.09989+31.951%Hyperliquid0.1000+32.104%Kraken Futures0.1002+32.308%
Binance
Bybit
Pacifica
Extended
OKX
Backpack
dYdX
KuCoin
Bitget
Aster
Hyperliquid
Kraken FuturesCoinbase International0.1002+32.395%
XPL on 35 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Reya XPLRUSDPERP | −24.163% | 0.0000% | 1h | — | — | — | as long as short |
| SunX XPL-USDT | −0.327% | +0.0100% | 4h | $2K | $1.9M | 20x | as long as short |
| Lighter XPL | −0.186% | −0.0664% | 1h | $4.5M | $4.2M | 10x | as long as short |
| Bulk XPL-USD | −0.176% | +0.0100% | 1h | $141K | $53K | 10x | as long as short |
| ApeX Omni XPLUSDT | −0.126% | +0.0100% | 1h | $26K | $82K | 50x | as long as short |
| Nado XPL-PERP | −0.114% | +0.0100% | 1h | $1.4M | $2.6M | 10x | as long as short |
| 01 Exchange XPLUSD | −0.096% | −0.0032% | 1h | $580 | $583 | 5x | as long as short |
| HTX XPL-USDT | −0.076% | +0.0100% | 4h | $144K | $241K | 20x | as long as short |
| Paradex XPL-USD-PERP | −0.059% | +0.0098% | 8h | $13K | $2K | 5x | as long as short |
| Orderly PERP_XPL_USDC | −0.056% | +0.0045% | 4h | $28K | $333K | 10x | as long as short |
Show all 35 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Variational Omni XPL | −0.037% | +0.0100% | 4h | $1.7M | $1.8M | — | as long as short |
| SoDEX XPL-USD | −0.026% | +0.0100% | 1h | $204 | $10K | 10x | as long as short |
| BloFin XPL-USDT | −0.026% | +0.0340% | 4h | $1.8M | $1.2M | 75x | as long as short |
| Phoenix XPL | −0.016% | +0.0324% | 1h | $204K | $621K | 10x | as long as short |
| Deribit XPL_USDC-PERPETUAL | −0.016% | 0.0000% | 1h | $50K | $17K | 25x | as long as short |
| GMX XPL/USD [WBTC.b-USDC] | −0.010% | L +0.0206% / S +0.0037% | 1h | $139K | — | 100x | as long as short |
| Aevo XPL-PERP | −0.010% | +0.0104% | 1h | $39K | $5K | 3x | as long as short |
| Gate XPL_USDT | −0.006% | +0.0100% | 4h | $3.1M | $4.0M | 75x | as long as short |
| MEXC XPL_USDT | −0.006% | +0.0100% | 4h | $13.8M | $7.3M | 100x | as long as short |
| BingX XPL-USDT | −0.006% | +0.0100% | 4h | — | $7.9M | — | as long as short |
| gTrade (Gains Network) XPL/USD | −0.006% | L +0.0005% / S −0.0004% | 1h | $56K | — | 150x | as long as short |
| Polymarket Perps XPL-USDlong | 0.000% | +0.0100% | 1h | $134K | $2.7M | 10x | |
| Binance XPLUSDT | +0.003% | +0.0100% | 4h | $45.5M | $100.1M | 75x | as long as short |
| Bybit XPLUSDT | +0.014% | +0.0100% | 4h | $48.0M | $49.4M | 75x | as long as short |
| Pacifica XPL | +0.018% | +0.0100% | 1h | $226K | $14K | 10x | as long as short |
| Extended XPL-USD | +0.022% | +0.0104% | 1h | $634K | $853K | 25x | as long as short |
| OKX XPL-USDT-SWAP | +0.024% | +0.0100% | 4h | $9.4M | $52.9M | 50x | as long as short |
| Backpack XPL_USDC_PERP | +0.024% | −0.0372% | 1h | $184K | $282K | 10x | as long as short |
| dYdX XPL-USD | +0.038% | 0.0000% | 1h | $8K | — | 5x | as long as short |
| KuCoin XPLUSDTM | +0.044% | +0.0100% | 4h | $2.5M | $1.4M | 50x | as long as short |
| Bitget XPLUSDT | +0.044% | +0.0100% | 4h | $8.7M | $10.8M | 75x | as long as short |
| Aster XPLUSDT | +0.068% | +0.0100% | 4h | $267K | $469K | 20x | as long as short |
| Hyperliquid XPL | +0.184% | +0.0297% | 1h | $65.8M | $43.7M | 10x | as long as short |
| Kraken Futures PF_XPLUSD | +0.339% | +0.2749% | 1h | $293K | $692K | 10x | as long as short |
| Coinbase International XPL-PERP-INTXshort | +0.405% | +0.0848% | 1h | $77K | $117K | 50x |