data as of
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Price arb /

XPL

all XPL markets
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Spread before costs (cost unknown: a leg has no order-book sample)−24.288%
7d average—if it closes, per $10,000$2429funding while held, a day−$4.92
Long on Polymarket PerpsShort on Reya
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPolymarket Perps XPL-USD0.099980.0164pay 0.0020% / 1h58m 28s$129K$3.3M10x
ShortReya XPLRUSDPERP0.075700get 0.0000% / 1h58m 28s———

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
−$2,428.81
Funding while held
−$4.92
Slippage, 4 orders
no order book: not counted
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Fee Reya: 3 bp × 2 orders
−$6
Net
−$2,447.72
Spread needed to break even
0.140%
Slippage unknown: Polymarket Perps: live order book, 2 min ago; Reya: no order-book sample. Net counts fees only.

Cost of waiting

funding view
Funding /8h
−0.0164%
Per $10,000 a day
−$4.92
Average in range /8h
—

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Polymarket Perps live order book, 2 min ago2.51 bp6.5 bp −$76.6 bp −$66doesn't fitdoesn't fit
Sell Reya no order-book sample—————
Reya: 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
SunX0.09930+31.184%Orderly0.09948+31.422%Nado0.09949+31.435%BloFin0.09949+31.435%Deribit0.09953+31.488%Lighter0.09954+31.501%Backpack0.09955+31.514%Aevo0.09957+31.538%SoDEX0.09960+31.580%HTX0.09964+31.633%Phoenix0.09968+31.686%Aster0.09970+31.711%ApeX Omni0.09970+31.712%Pacifica0.09980+31.844%Bybit0.09986+31.924%Bulk0.09986+31.925%Variational Omni0.09986+31.927%Paradex0.09990+31.970%OKX0.09990+31.977%Gate0.09990+31.977%KuCoin0.09993+32.016%MEXC0.09995+32.043%Bitget0.09996+32.056%dYdX0.09997+32.064%Binance0.09997+32.064%BingX0.09997+32.069%
Polymarket Perps0.09998+32.080%
Kraken Futures0.09999+32.100%GMX0.09999+32.101%Extended0.1000+32.122%gTrade (Gains Network)0.1000+32.122%01 Exchange0.1000+32.135%Hyperliquid0.1001+32.214%Coinbase International0.1006+32.835%

XPL on 35 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Reya XPLRUSDPERPshort−24.288%0.0000%1h———
SunX XPL-USDT−0.678%+0.0100%4h$2K$1.9M20xas long as short
Orderly PERP_XPL_USDC−0.498%+0.0023%4h$28K$333K10xas long as short
Nado XPL-PERP−0.488%+0.0100%1h$1.4M$2.5M10xas long as short
BloFin XPL-USDT−0.488%+0.0340%4h$1.8M$1.2M75xas long as short
Deribit XPL_USDC-PERPETUAL−0.448%0.0000%1h$49K$17K25xas long as short
Lighter XPL−0.438%−0.1248%1h$4.5M$4.1M10xas long as short
Backpack XPL_USDC_PERP−0.428%−0.0471%1h$184K$285K10xas long as short
Aevo XPL-PERP−0.410%+0.0104%1h$39K$5K3xas long as short
SoDEX XPL-USD−0.378%+0.0100%1h$200$9K10xas long as short
Show all 35 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
HTX XPL-USDT−0.338%+0.0100%4h$144K$239K20xas long as short
Phoenix XPL−0.298%+0.0245%1h$203K$623K10xas long as short
Aster XPLUSDT−0.279%+0.0100%4h$266K$448K20xas long as short
ApeX Omni XPLUSDT−0.278%+0.0100%1h$29K$94K50xas long as short
Pacifica XPL−0.178%+0.0100%1h$226K$15K10xas long as short
Bybit XPLUSDT−0.118%+0.0100%4h$48.2M$48.9M75xas long as short
Bulk XPL-USD−0.117%+0.0100%1h$142K$52K10xas long as short
Variational Omni XPL−0.116%+0.0100%4h$1.7M$1.8M—as long as short
Paradex XPL-USD-PERP−0.083%+0.0096%8h$13K$1K5xas long as short
OKX XPL-USDT-SWAP−0.078%+0.0100%4h$9.5M$53.2M50xas long as short
Gate XPL_USDT−0.078%+0.0100%4h$3.1M$3.9M75xas long as short
KuCoin XPLUSDTM−0.048%+0.0100%4h$2.5M$1.4M50xas long as short
MEXC XPL_USDT−0.028%+0.0100%4h$14.0M$7.3M100xas long as short
Bitget XPLUSDT−0.018%+0.0100%4h$8.7M$10.8M75xas long as short
dYdX XPL-USD−0.012%0.0000%1h$8K—5xas long as short
Binance XPLUSDT−0.011%+0.0100%4h$45.5M$98.1M75xas long as short
BingX XPL-USDT−0.008%+0.0100%4h—$7.9M—as long as short
Polymarket Perps XPL-USDlong0.000%+0.0164%1h$129K$3.3M10x
Kraken Futures PF_XPLUSD+0.016%+0.4760%1h$253K$588K10xas long as short
GMX XPL/USD [WBTC.b-USDC]+0.016%L −0.0039% / S +0.0454%1h$135K—100xas long as short
Extended XPL-USD+0.032%+0.0104%1h$644K$831K25xas long as short
gTrade (Gains Network) XPL/USD+0.032%L +0.0005% / S −0.0004%1h$74K—150xas long as short
01 Exchange XPLUSD+0.042%−0.0112%1h$582$5935xas long as short
Hyperliquid XPL+0.102%+0.0108%1h$65.1M$41.4M10xas long as short
Coinbase International XPL-PERP-INTX+0.572%+0.0840%1h$78K$131K50xas long as short