Spread before costs (cost unknown: a leg has no order-book sample)−0.093%
7d average—if it closes, per $10,000$9funding while held, a day−$0.04
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps XPL-USD | 0.09971 | 0.0100 | pay 0.0013% / 1h | 23m 43s | $134K | $2.7M | 10x |
| Short | Paradex XPL-USD-PERP | 0.09962 | 0.0099 | get 0.0099% / 8h | 5h 23m | $13K | $2K | 5x |
Polymarket Perps XPL-USD
Paradex XPL-USD-PERPPrice 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
- −$9.29
- Funding while held
- −$0.04
- Slippage, 4 orders
- no order book: not counted
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Paradex: 2 bp × 2 orders
- −$4
- Net
- −$21.33
- Spread needed to break even
- 0.120%
Slippage unknown: Polymarket Perps: live order book, 2 min ago; Paradex: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0001%
- Per $10,000 a day
- −$0.04
- 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, 2 min ago | 2.16 bp | 6.2 bp −$6 | 6.7 bp −$67 | doesn't fit | doesn't fit |
| Sell Paradex no order-book sample | — | — | — | — | — |
Paradex: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
XPL price on every exchange
against the cheapest. Click to use as the short leg.Reya0.07570cheapest
BloFin0.09931+31.180%HTX0.09934+31.220%Lighter0.09940+31.299%SunX0.09940+31.299%KuCoin0.09942+31.326%Bybit0.09945+31.365%MEXC0.09945+31.365%Extended0.09945+31.369%Binance0.09947+31.392%BingX0.09947+31.392%OKX0.09950+31.431%SoDEX0.09950+31.431%Gate0.09951+31.445%Bitget0.09954+31.484%01 Exchange0.09955+31.497%Variational Omni0.09958+31.536%Orderly0.09958+31.537%Deribit0.09958+31.537%Pacifica0.09960+31.558%Aevo0.09960+31.563%Aster0.09961+31.574%
Reya
BloFin
HTX
Lighter
SunX
KuCoin
Bybit
MEXC
Extended
Binance
BingX
OKX
SoDEX
Gate
Bitget
Variational Omni
Orderly
Deribit
Pacifica
Aevo
AsterParadex0.09962+31.586%
Backpack0.09962+31.590%gTrade (Gains Network)0.09963+31.599%GMX0.09963+31.603%Hyperliquid0.09963+31.604%Bulk0.09965+31.629%dYdX0.09967+31.660%Nado0.09967+31.663%ApeX Omni0.09970+31.696%
Backpack
gTrade (Gains Network)
GMX
Hyperliquid
Bulk
dYdX
Nado
ApeX OmniPolymarket Perps0.09971+31.709%
Phoenix0.09986+31.907%Kraken Futures0.09990+31.957%Coinbase International0.1002+32.396%
Phoenix
Kraken Futures
Coinbase InternationalXPL on 35 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Reya XPLRUSDPERP | −24.075% | 0.0000% | 1h | — | — | — | as long as short |
| BloFin XPL-USDT | −0.401% | +0.0340% | 4h | $1.8M | $1.2M | 75x | as long as short |
| HTX XPL-USDT | −0.371% | +0.0100% | 4h | $143K | $241K | 20x | as long as short |
| Lighter XPL | −0.311% | −0.0704% | 1h | $4.5M | $4.2M | 10x | as long as short |
| SunX XPL-USDT | −0.311% | +0.0100% | 4h | $2K | $1.9M | 20x | as long as short |
| KuCoin XPLUSDTM | −0.291% | +0.0100% | 4h | $2.4M | $1.4M | 50x | as long as short |
| Bybit XPLUSDT | −0.261% | +0.0100% | 4h | $47.8M | $49.4M | 75x | as long as short |
| MEXC XPL_USDT | −0.261% | +0.0100% | 4h | $13.7M | $7.3M | 100x | as long as short |
| Extended XPL-USD | −0.258% | +0.0104% | 1h | $630K | $852K | 25x | as long as short |
| Binance XPLUSDT | −0.241% | +0.0100% | 4h | $45.3M | $100.1M | 75x | as long as short |
Show all 35 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| BingX XPL-USDT | −0.241% | +0.0100% | 4h | — | $7.9M | — | as long as short |
| OKX XPL-USDT-SWAP | −0.211% | +0.0100% | 4h | $9.4M | $52.7M | 50x | as long as short |
| SoDEX XPL-USD | −0.211% | +0.0100% | 1h | $206 | $10K | 10x | as long as short |
| Gate XPL_USDT | −0.201% | +0.0100% | 4h | $3.1M | $4.0M | 75x | as long as short |
| Bitget XPLUSDT | −0.170% | +0.0100% | 4h | $8.7M | $10.8M | 75x | as long as short |
| 01 Exchange XPLUSD | −0.160% | −0.0056% | 1h | $579 | $583 | 5x | as long as short |
| Variational Omni XPL | −0.131% | +0.0100% | 4h | $1.7M | $1.8M | — | as long as short |
| Orderly PERP_XPL_USDC | −0.130% | +0.0046% | 4h | $28K | $333K | 10x | as long as short |
| Deribit XPL_USDC-PERPETUAL | −0.130% | −0.0051% | 1h | $49K | $17K | 25x | as long as short |
| Pacifica XPL | −0.114% | +0.0100% | 1h | $225K | $14K | 10x | as long as short |
| Aevo XPL-PERP | −0.110% | +0.0104% | 1h | $39K | $5K | 3x | as long as short |
| Aster XPLUSDT | −0.102% | +0.0100% | 4h | $275K | $471K | 20x | as long as short |
| Paradex XPL-USD-PERPshort | −0.093% | +0.0099% | 8h | $13K | $2K | 5x | |
| Backpack XPL_USDC_PERP | −0.090% | −0.0425% | 1h | $184K | $282K | 10x | as long as short |
| gTrade (Gains Network) XPL/USD | −0.083% | L +0.0005% / S −0.0004% | 1h | $56K | — | 150x | as long as short |
| GMX XPL/USD [WBTC.b-USDC] | −0.080% | L −0.0039% / S +0.0454% | 1h | $135K | — | 100x | as long as short |
| Hyperliquid XPL | −0.079% | +0.0255% | 1h | $65.5M | $43.7M | 10x | as long as short |
| Bulk XPL-USD | −0.060% | +0.0100% | 1h | $141K | $53K | 10x | as long as short |
| dYdX XPL-USD | −0.037% | 0.0000% | 1h | $8K | — | 5x | as long as short |
| Nado XPL-PERP | −0.035% | +0.0100% | 1h | $1.4M | $2.6M | 10x | as long as short |
| ApeX Omni XPLUSDT | −0.010% | +0.0100% | 1h | $26K | $82K | 50x | as long as short |
| Polymarket Perps XPL-USDlong | 0.000% | +0.0100% | 1h | $134K | $2.7M | 10x | |
| Phoenix XPL | +0.150% | +0.0324% | 1h | $204K | $621K | 10x | as long as short |
| Kraken Futures PF_XPLUSD | +0.189% | +0.2757% | 1h | $292K | $691K | 10x | as long as short |
| Coinbase International XPL-PERP-INTX | +0.522% | +0.0848% | 1h | $77K | $117K | 50x | as long as short |