After costs, if the gap returns to its 7d average, $10k−$24
spread now+0.309%7d average+0.074%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 | 0.09962 | 0.0100 | pay 0.0013% / 1h | 20m 46s | $135K | $3.4M | 10x |
| Short | Phoenix XPL | 0.09993 | 0.0245 | get 0.0031% / 1h | 20m 46s | $204K | $618K | 10x |
Polymarket Perps XPL-USD
Phoenix 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
- $30.92
- Funding while held
- $4.34
- Slippage, 4 orders
- −$32.36
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$12.11
- Spread needed to break even
- 0.474%
Slippage from Polymarket Perps: live order book, 5 min ago; Phoenix: live order book, 24 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| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Polymarket Perps live order book, 5 min ago | 2.95 bp | 10.9 bp −$11 | 24.2 bp −$242 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 24 min ago | 1.00 bp | 14.5 bp −$15 | 47.8 bp −$478 | doesn't fit | doesn't fit |
XPL price on every exchange
against the cheapest. Click to use as the short leg.Reya0.07570cheapest
Paradex0.09931+31.178%Bybit0.09932+31.197%OKX0.09932+31.197%Binance0.09934+31.223%Lighter0.09938+31.276%MEXC0.09940+31.303%dYdX0.09945+31.366%Pacifica0.09945+31.373%BingX0.09947+31.395%Extended0.09949+31.417%Gate0.09949+31.421%BloFin0.09949+31.421%KuCoin0.09950+31.435%SunX0.09950+31.435%Nado0.09951+31.445%Aster0.09952+31.460%Bitget0.09956+31.514%01 Exchange0.09960+31.567%SoDEX0.09960+31.567%Orderly0.09961+31.580%
Reya
Paradex
Bybit
OKX
Binance
Lighter
MEXC
dYdX
Pacifica
BingX
Extended
Gate
BloFin
KuCoin
SunX
Nado
Aster
Bitget
SoDEX
OrderlyPolymarket Perps0.09962+31.596%
Deribit0.09963+31.606%Hyperliquid0.09964+31.625%GMX0.09966+31.643%gTrade (Gains Network)0.09966+31.645%Aevo0.09967+31.662%Backpack0.09968+31.672%
Deribit
Hyperliquid
GMX
gTrade (Gains Network)
Aevo
BackpackPhoenix0.09993+32.003%
HTX0.09997+32.055%Variational Omni0.1000+32.104%ApeX Omni0.1001+32.227%Bulk0.1001+32.280%Kraken Futures0.1002+32.355%Coinbase International0.1006+32.822%
HTX
Variational Omni
ApeX Omni
Bulk
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 | −24.010% | 0.0000% | 1h | — | — | — | as long as short |
| Paradex XPL-USD-PERP | −0.318% | +0.0094% | 8h | $13K | $1K | 5x | as long as short |
| Bybit XPLUSDT | −0.303% | +0.0100% | 4h | $47.9M | $49.3M | 75x | as long as short |
| OKX XPL-USDT-SWAP | −0.303% | +0.0100% | 4h | $9.4M | $54.1M | 50x | as long as short |
| Binance XPLUSDT | −0.283% | +0.0100% | 4h | $45.3M | $98.9M | 75x | as long as short |
| Lighter XPL | −0.243% | −0.0872% | 1h | $4.5M | $4.2M | 10x | as long as short |
| MEXC XPL_USDT | −0.223% | +0.0100% | 4h | $13.9M | $7.6M | 100x | as long as short |
| dYdX XPL-USD | −0.175% | 0.0000% | 1h | $8K | — | 5x | as long as short |
| Pacifica XPL | −0.170% | +0.0100% | 1h | $225K | $15K | 10x | as long as short |
| BingX XPL-USDT | −0.153% | +0.0100% | 4h | — | $7.9M | — | as long as short |
Show all 35 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Extended XPL-USD | −0.136% | +0.0104% | 1h | $643K | $829K | 25x | as long as short |
| Gate XPL_USDT | −0.133% | +0.0100% | 4h | $3.1M | $3.9M | 75x | as long as short |
| BloFin XPL-USDT | −0.133% | +0.0340% | 4h | $1.8M | $1.2M | 75x | as long as short |
| KuCoin XPLUSDTM | −0.122% | +0.0100% | 4h | $2.5M | $1.5M | 50x | as long as short |
| SunX XPL-USDT | −0.122% | +0.0100% | 4h | $2K | $2.0M | 20x | as long as short |
| Nado XPL-PERP | −0.115% | +0.0100% | 1h | $1.4M | $2.5M | 10x | as long as short |
| Aster XPLUSDT | −0.103% | +0.0100% | 4h | $265K | $454K | 20x | as long as short |
| Bitget XPLUSDT | −0.062% | +0.0100% | 4h | $8.7M | $11.2M | 75x | as long as short |
| 01 Exchange XPLUSD | −0.022% | −0.0112% | 1h | $579 | $582 | 5x | as long as short |
| SoDEX XPL-USD | −0.022% | +0.0100% | 1h | $208 | $9K | 10x | as long as short |
| Orderly PERP_XPL_USDC | −0.012% | +0.0022% | 4h | $28K | $333K | 10x | as long as short |
| Polymarket Perps XPL-USDlong | 0.000% | +0.0100% | 1h | $135K | $3.4M | 10x | |
| Deribit XPL_USDC-PERPETUAL | +0.008% | −0.0051% | 1h | $49K | $17K | 25x | as long as short |
| Hyperliquid XPL | +0.022% | +0.0193% | 1h | $65.2M | $40.8M | 10x | as long as short |
| GMX XPL/USD [WBTC.b-USDC] | +0.036% | L −0.0040% / S +0.0454% | 1h | $134K | — | 100x | as long as short |
| gTrade (Gains Network) XPL/USD | +0.037% | L +0.0005% / S −0.0004% | 1h | $74K | — | 150x | as long as short |
| Aevo XPL-PERP | +0.050% | +0.0104% | 1h | $39K | $5K | 3x | as long as short |
| Backpack XPL_USDC_PERP | +0.058% | −0.0179% | 1h | $184K | $288K | 10x | as long as short |
| Phoenix XPLshort | +0.309% | +0.0245% | 1h | $204K | $618K | 10x | |
| HTX XPL-USDT | +0.349% | +0.0100% | 4h | $145K | $242K | 20x | as long as short |
| Variational Omni XPL | +0.386% | +0.0100% | 4h | $1.7M | $1.8M | — | as long as short |
| ApeX Omni XPLUSDT | +0.480% | +0.0100% | 1h | $30K | $92K | 50x | as long as short |
| Bulk XPL-USD | +0.520% | +0.0100% | 1h | $142K | $52K | 10x | as long as short |
| Kraken Futures PF_XPLUSD | +0.577% | +0.1430% | 1h | $254K | $588K | 10x | as long as short |
| Coinbase International XPL-PERP-INTX | +0.932% | +0.0840% | 1h | $78K | $134K | 50x | as long as short |