XPL

Alert

Spread before costs (cost unknown: a leg has no order-book sample)+35.982%

7d average—if it closes, per $10,000$3598funding while held, a day−$1.24

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya XPLRUSDPERP	0.07571	0	get 0.0000% / 1h	35m 14s	—	—	—
Short	Deribit XPL_USDC-PERPETUAL	0.1029	−0.0041	pay 0.0005% / 1h	35m 14s	$47K	$10K	25x

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 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Position, each leg$Hold forhoursFee ReyabpFee DeribitbpOrdersClose when spread is

Spread captured: $3,598.24
Funding while held: −$1.24
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $3,584
Spread needed to break even: 0.130%

Slippage unknown: Reya: no order-book sample; Deribit: no order-book sample. Net counts fees only.

Cost of waiting

funding view

Funding /8h: −0.0041%
Per $10,000 a day: −$1.24
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 Reya no order-book sample	—	—	—	—	—
Sell Deribit no order-book sample	—	—	—	—	—

Reya and Deribit: 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.

Reya0.07571cheapest

Paradex0.1023+35.171%

Pacifica0.1024+35.301%

Variational Omni0.1024+35.309%

Bulk0.1025+35.337%

HTX0.1025+35.348%

dYdX0.1025+35.362%

Polymarket Perps0.1025+35.401%

Nado0.1026+35.477%

BloFin0.1026+35.480%

Orderly0.1026+35.547%

Aster0.1027+35.602%

GMX0.1027+35.627%

gTrade (Gains Network)0.1027+35.655%

Lighter0.1028+35.850%

BingX0.1029+35.877%

Extended0.1029+35.889%

Aevo0.1029+35.916%

SunX0.1029+35.916%

Gate0.1029+35.969%

OKX0.1029+35.982%

Deribit0.1029+35.982%

Bybit0.1030+36.022%

Bitget0.1030+36.022%

Coinbase International0.1030+36.022%

MEXC0.1030+36.035%

KuCoin0.1030+36.035%

SoDEX0.1030+36.048%

Hyperliquid0.1030+36.075%

Backpack0.1031+36.114%

Binance0.1031+36.130%

ApeX Omni0.1031+36.181%

Phoenix0.1032+36.286%

Kraken Futures0.1033+36.506%

XPL on 34 venues

cheapest first. Swap a leg.

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Reya XPLRUSDPERPlong	0.000%	0.0000%	1h	—	—	—
Paradex XPL-USD-PERP	+35.171%	+0.0094%	8h	$12K	$946	5x	as long as short
Pacifica XPL	+35.301%	+0.0100%	1h	$231K	$18K	10x	as long as short
Variational Omni XPL	+35.309%	+0.0100%	4h	$1.9M	$1.5M	—	as long as short
Bulk XPL-USD	+35.337%	+0.0100%	1h	$144K	$35K	10x	as long as short
HTX XPL-USDT	+35.348%	+0.0100%	4h	$152K	$251K	20x	as long as short
dYdX XPL-USD	+35.362%	0.0000%	1h	$9K	—	5x	as long as short
Polymarket Perps XPL-USD	+35.401%	+0.0100%	1h	$142K	$3.6M	10x	as long as short
Nado XPL-PERP	+35.477%	+0.0100%	1h	$1.5M	$2.2M	10x	as long as short
BloFin XPL-USDT	+35.480%	+0.0340%	4h	$2.0M	$1.1M	75x	as long as short

Show all 34 venues

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Orderly PERP_XPL_USDC	+35.547%	+0.0039%	4h	$28K	$331K	10x	as long as short
Aster XPLUSDT	+35.602%	+0.0100%	4h	$312K	$403K	20x	as long as short
GMX XPL/USD [WBTC.b-USDC]	+35.627%	L −0.0034% / S +0.0448%	1h	$136K	—	100x	as long as short
gTrade (Gains Network) XPL/USD	+35.655%	L +0.0005% / S −0.0004%	1h	$74K	—	150x	as long as short
Lighter XPL	+35.850%	−0.0840%	1h	$4.7M	$3.9M	10x	as long as short
BingX XPL-USDT	+35.877%	+0.0100%	4h	—	$7.9M	—	as long as short
Extended XPL-USD	+35.889%	+0.0104%	1h	$674K	$781K	25x	as long as short
Aevo XPL-PERP	+35.916%	+0.0104%	1h	$40K	$5K	3x	as long as short
SunX XPL-USDT	+35.916%	+0.0100%	4h	$3K	$1.8M	20x	as long as short
Gate XPL_USDT	+35.969%	+0.0100%	4h	$3.2M	$3.8M	75x	as long as short
OKX XPL-USDT-SWAP	+35.982%	+0.0100%	4h	$10.1M	$52.4M	50x	as long as short
Deribit XPL_USDC-PERPETUALshort	+35.982%	−0.0041%	1h	$47K	$10K	25x
Bybit XPLUSDT	+36.022%	+0.0100%	4h	$50.6M	$44.9M	75x	as long as short
Bitget XPLUSDT	+36.022%	+0.0100%	4h	$9.3M	$10.3M	75x	as long as short
Coinbase International XPL-PERP-INTX	+36.022%	+0.0880%	1h	$108K	$120K	50x	as long as short
MEXC XPL_USDT	+36.035%	+0.0100%	4h	$14.6M	$6.9M	100x	as long as short
KuCoin XPLUSDTM	+36.035%	+0.0100%	4h	$2.9M	$1.3M	50x	as long as short
SoDEX XPL-USD	+36.048%	+0.0100%	1h	$309	$9K	10x	as long as short
Hyperliquid XPL	+36.075%	+0.0157%	1h	$68.3M	$34.3M	10x	as long as short
Backpack XPL_USDC_PERP	+36.114%	−0.0116%	1h	$188K	$277K	10x	as long as short
Binance XPLUSDT	+36.130%	+0.0100%	4h	$48.4M	$88.0M	75x	as long as short
ApeX Omni XPLUSDT	+36.181%	+0.0100%	1h	$30K	$84K	50x	as long as short
Phoenix XPL	+36.286%	+0.0391%	1h	$223K	$528K	10x	as long as short
Kraken Futures PF_XPLUSD	+36.506%	+0.0508%	1h	$142K	$404K	10x	as long as short