After costs, if the gap returns to its 7d average, $10k−$40
spread now+0.117%7d average+0.041%fees + slippage, in and out−$47spread needed0.474%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps XPL-USD | 0.1025 | 0.0100 | pay 0.0013% / 1h | 40m 31s | $143K | $3.8M | 10x |
| Short | Hyperliquid XPL | 0.1026 | 0.0419 | get 0.0052% / 1h | 40m 31s | $69.1M | $33.2M | 10x |
Polymarket Perps XPL-USD
Hyperliquid XPLPrice 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
- $11.71
- Funding while held
- $9.56
- Slippage, 4 orders
- −$30.37
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$26.1
- Spread needed to break even
- 0.474%
Slippage from Polymarket Perps: live order book, 5 min ago; Hyperliquid: live order book, 4 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0319%
- Per $10,000 a day
- +$9.56
- 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 | 2.95 bp | 6.9 bp −$7 | 7.2 bp −$72 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 4 min ago | 0.98 bp | 7.3 bp −$7 | 21.4 bp −$214 | doesn't fit | doesn't fit |
XPL price on every exchange
against the cheapest. Click to use as the short leg.Reya0.07571cheapest
Bulk0.1015+34.117%Variational Omni0.1023+35.078%Lighter0.1023+35.086%BloFin0.1023+35.112%KuCoin0.1023+35.125%SunX0.1023+35.125%dYdX0.1024+35.198%Bybit0.1024+35.204%HTX0.1024+35.204%Pacifica0.1024+35.236%Binance0.1024+35.244%Bitget0.1024+35.244%MEXC0.1024+35.257%ApeX Omni0.1024+35.257%SoDEX0.1024+35.257%Extended0.1024+35.262%OKX0.1024+35.270%01 Exchange0.1024+35.270%Orderly0.1024+35.270%Paradex0.1024+35.273%Aster0.1024+35.277%Gate0.1024+35.284%Nado0.1024+35.297%BingX0.1024+35.297%Aevo0.1024+35.323%GMX0.1025+35.331%gTrade (Gains Network)0.1025+35.346%Deribit0.1025+35.363%Backpack0.1025+35.389%
Reya
Bulk
Variational Omni
Lighter
BloFin
KuCoin
SunX
dYdX
Bybit
HTX
Pacifica
Binance
Bitget
MEXC
ApeX Omni
SoDEX
Extended
OKX
Orderly
Paradex
Aster
Gate
Nado
BingX
Aevo
GMX
gTrade (Gains Network)
Deribit
BackpackPolymarket Perps0.1025+35.389%
Phoenix0.1025+35.429%Kraken Futures0.1025+35.446%
Phoenix
Kraken FuturesHyperliquid0.1026+35.548%
Coinbase International0.1029+35.971%
Coinbase InternationalXPL on 35 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Reya XPLRUSDPERP | −26.139% | 0.0000% | 1h | — | — | — | as long as short |
| Bulk XPL-USD | −0.940% | +0.0100% | 1h | $142K | $35K | 10x | as long as short |
| Variational Omni XPL | −0.230% | +0.0100% | 4h | $1.9M | $1.3M | — | as long as short |
| Lighter XPL | −0.224% | −0.0192% | 1h | $4.6M | $3.4M | 10x | as long as short |
| BloFin XPL-USDT | −0.205% | +0.0340% | 4h | $2.0M | $1.1M | 75x | as long as short |
| KuCoin XPLUSDTM | −0.195% | +0.0100% | 4h | $2.8M | $1.3M | 50x | as long as short |
| SunX XPL-USDT | −0.195% | +0.0100% | 4h | $3K | $1.8M | 20x | as long as short |
| dYdX XPL-USD | −0.141% | 0.0000% | 1h | $9K | — | 5x | as long as short |
| Bybit XPLUSDT | −0.137% | +0.0100% | 4h | $49.4M | $42.4M | 75x | as long as short |
| HTX XPL-USDT | −0.137% | +0.0100% | 4h | $152K | $249K | 20x | as long as short |
Show all 35 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Pacifica XPL | −0.113% | +0.0100% | 1h | $233K | $17K | 10x | as long as short |
| Binance XPLUSDT | −0.107% | +0.0100% | 4h | $48.3M | $85.3M | 75x | as long as short |
| Bitget XPLUSDT | −0.107% | +0.0100% | 4h | $9.2M | $9.6M | 75x | as long as short |
| MEXC XPL_USDT | −0.098% | +0.0100% | 4h | $14.4M | $6.5M | 100x | as long as short |
| ApeX Omni XPLUSDT | −0.098% | +0.0100% | 1h | $32K | $84K | 50x | as long as short |
| SoDEX XPL-USD | −0.098% | +0.0100% | 1h | $191 | $9K | 10x | as long as short |
| Extended XPL-USD | −0.094% | +0.0104% | 1h | $680K | $619K | 25x | as long as short |
| OKX XPL-USDT-SWAP | −0.088% | +0.0100% | 4h | $10.0M | $50.8M | 50x | as long as short |
| 01 Exchange XPLUSD | −0.088% | −0.0032% | 1h | $595 | $3K | 5x | as long as short |
| Orderly PERP_XPL_USDC | −0.088% | +0.0060% | 4h | $28K | $331K | 10x | as long as short |
| Paradex XPL-USD-PERP | −0.086% | +0.0093% | 8h | $12K | $946 | 5x | as long as short |
| Aster XPLUSDT | −0.083% | +0.0100% | 4h | $312K | $391K | 20x | as long as short |
| Gate XPL_USDT | −0.078% | +0.0100% | 4h | $3.3M | $3.5M | 75x | as long as short |
| Nado XPL-PERP | −0.068% | +0.0100% | 1h | $1.5M | $2.1M | 10x | as long as short |
| BingX XPL-USDT | −0.068% | +0.0100% | 4h | — | $7.9M | — | as long as short |
| Aevo XPL-PERP | −0.049% | +0.0104% | 1h | $40K | $5K | 3x | as long as short |
| GMX XPL/USD [WBTC.b-USDC] | −0.043% | L −0.0029% / S +0.0443% | 1h | $136K | — | 100x | as long as short |
| gTrade (Gains Network) XPL/USD | −0.032% | L +0.0005% / S −0.0004% | 1h | $75K | — | 150x | as long as short |
| Deribit XPL_USDC-PERPETUAL | −0.020% | 0.0000% | 1h | $44K | $8K | 25x | as long as short |
| Backpack XPL_USDC_PERP | 0.000% | −0.0505% | 1h | $189K | $275K | 10x | as long as short |
| Polymarket Perps XPL-USDlong | 0.000% | +0.0100% | 1h | $143K | $3.8M | 10x | |
| Phoenix XPL | +0.029% | +0.0385% | 1h | $222K | $479K | 10x | as long as short |
| Kraken Futures PF_XPLUSD | +0.042% | +0.1154% | 1h | $121K | $353K | 10x | as long as short |
| Hyperliquid XPLshort | +0.117% | +0.0419% | 1h | $69.1M | $33.2M | 10x | |
| Coinbase International XPL-PERP-INTX | +0.429% | +0.0872% | 1h | $113K | $138K | 50x | as long as short |