Spread before costs (cost unknown: a leg has no order-book sample)−0.147%
7d average−0.107%if it closes, per $10,000$15funding while held, a day+$0.00
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps XPL-USD | 0.1023 | 0.0100 | pay 0.0013% / 1h | 0m 18s | $141K | $3.6M | 10x |
| Short | Variational Omni XPL | 0.1022 | 0.0100 | get 0.0050% / 4h | 1h 00m | $1.9M | $1.5M | — |
Polymarket Perps XPL-USD
Variational Omni 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
- −$14.74
- Funding while held
- $0
- Slippage, 4 orders
- no order book: not counted
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$22.74
- Spread needed to break even
- 0.080%
Slippage unknown: Polymarket Perps: live order book, 5 min ago; Variational Omni: RFQ quote, just now. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- 0.0000%
- Per $10,000 a day
- +$0.00
- 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 | 2.91 bp | 7.4 bp −$7 | 8.5 bp −$85 | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, just now | 9.78 bp | doesn't fit | 78.3 bp −$783 | doesn't fit | doesn't fit |
XPL price on every exchange
against the cheapest. Click to use as the short leg.Reya0.07571cheapest
SunX0.1020+34.728%Lighter0.1020+34.754%01 Exchange0.1020+34.768%KuCoin0.1021+34.834%Paradex0.1021+34.838%SoDEX0.1021+34.860%Extended0.1021+34.890%HTX0.1021+34.900%Aevo0.1022+34.926%Deribit0.1022+34.926%BingX0.1022+34.939%Orderly0.1022+34.939%Bitget0.1022+34.952%Pacifica0.1022+34.956%BloFin0.1022+34.966%dYdX0.1022+34.970%
Reya
SunX
Lighter
KuCoin
Paradex
SoDEX
Extended
HTX
Aevo
Deribit
BingX
Orderly
Bitget
Pacifica
BloFin
dYdXVariational Omni0.1022+34.978%
gTrade (Gains Network)0.1022+34.999%Bybit0.1022+35.005%Gate0.1022+35.005%Nado0.1022+35.032%Binance0.1022+35.038%OKX0.1022+35.045%GMX0.1022+35.054%Aster0.1023+35.066%MEXC0.1023+35.111%Backpack0.1023+35.164%
gTrade (Gains Network)
Bybit
Gate
Nado
Binance
OKX
GMX
Aster
MEXC
BackpackPolymarket Perps0.1023+35.177%
Kraken Futures0.1024+35.309%Hyperliquid0.1025+35.402%ApeX Omni0.1027+35.653%Phoenix0.1030+36.049%Bulk0.1031+36.172%Coinbase International0.1036+36.894%
Kraken Futures
Hyperliquid
ApeX Omni
Phoenix
Bulk
Coinbase InternationalXPL on 35 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Reya XPLRUSDPERP | −26.023% | 0.0000% | 1h | — | — | — | as long as short |
| SunX XPL-USDT | −0.332% | +0.0100% | 4h | $3K | $1.8M | 20x | as long as short |
| Lighter XPL | −0.313% | −0.0976% | 1h | $4.6M | $4.1M | 10x | as long as short |
| 01 Exchange XPLUSD | −0.303% | −0.0128% | 1h | $593 | $3K | 5x | as long as short |
| KuCoin XPLUSDTM | −0.254% | +0.0100% | 4h | $2.8M | $1.3M | 50x | as long as short |
| Paradex XPL-USD-PERP | −0.251% | +0.0090% | 8h | $12K | $946 | 5x | as long as short |
| SoDEX XPL-USD | −0.235% | +0.0100% | 1h | $206 | $9K | 10x | as long as short |
| Extended XPL-USD | −0.212% | +0.0104% | 1h | $667K | $809K | 25x | as long as short |
| HTX XPL-USDT | −0.205% | +0.0100% | 4h | $150K | $254K | 20x | as long as short |
| Aevo XPL-PERP | −0.186% | +0.0104% | 1h | $40K | $5K | 3x | as long as short |
Show all 35 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Deribit XPL_USDC-PERPETUAL | −0.186% | −0.0435% | 1h | $47K | $10K | 25x | as long as short |
| BingX XPL-USDT | −0.176% | +0.0100% | 4h | — | $7.8M | — | as long as short |
| Orderly PERP_XPL_USDC | −0.176% | +0.0036% | 4h | $28K | $331K | 10x | as long as short |
| Bitget XPLUSDT | −0.166% | +0.0100% | 4h | $9.2M | $10.6M | 75x | as long as short |
| Pacifica XPL | −0.163% | +0.0100% | 1h | $230K | $19K | 10x | as long as short |
| BloFin XPL-USDT | −0.156% | +0.0340% | 4h | $2.0M | $1.1M | 75x | as long as short |
| dYdX XPL-USD | −0.153% | 0.0000% | 1h | $9K | — | 5x | as long as short |
| Variational Omni XPLshort | −0.147% | +0.0100% | 4h | $1.9M | $1.5M | — | |
| gTrade (Gains Network) XPL/USD | −0.132% | L +0.0005% / S −0.0004% | 1h | $73K | — | 150x | as long as short |
| Bybit XPLUSDT | −0.127% | +0.0100% | 4h | $50.4M | $45.7M | 75x | as long as short |
| Gate XPL_USDT | −0.127% | +0.0100% | 4h | $3.2M | $3.8M | 75x | as long as short |
| Nado XPL-PERP | −0.107% | +0.0100% | 1h | $1.5M | $2.3M | 10x | as long as short |
| Binance XPLUSDT | −0.103% | +0.0100% | 4h | $48.0M | $90.6M | 75x | as long as short |
| OKX XPL-USDT-SWAP | −0.098% | +0.0100% | 4h | $10.0M | $52.8M | 50x | as long as short |
| GMX XPL/USD [WBTC.b-USDC] | −0.091% | L −0.0037% / S +0.0451% | 1h | $136K | — | 100x | as long as short |
| Aster XPLUSDT | −0.082% | +0.0100% | 4h | $276K | $441K | 20x | as long as short |
| MEXC XPL_USDT | −0.049% | +0.0100% | 4h | $14.3M | $7.1M | 100x | as long as short |
| Backpack XPL_USDC_PERP | −0.010% | +0.0056% | 1h | $187K | $281K | 10x | as long as short |
| Polymarket Perps XPL-USDlong | 0.000% | +0.0100% | 1h | $141K | $3.6M | 10x | |
| Kraken Futures PF_XPLUSD | +0.097% | +0.0513% | 1h | $142K | $418K | 10x | as long as short |
| Hyperliquid XPL | +0.166% | +0.0246% | 1h | $68.6M | $35.1M | 10x | as long as short |
| ApeX Omni XPLUSDT | +0.352% | +0.0100% | 1h | $30K | $87K | 50x | as long as short |
| Phoenix XPL | +0.645% | +0.0391% | 1h | $210K | $528K | 10x | as long as short |
| Bulk XPL-USD | +0.736% | +0.0100% | 1h | $144K | $35K | 10x | as long as short |
| Coinbase International XPL-PERP-INTX | +1.270% | +0.0880% | 1h | $109K | $121K | 50x | as long as short |