Spread before costs (cost unknown: a leg has no order-book sample)+0.080%
7d average—if it closes, per $10,000$8funding while held, a day−$8.37
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SoDEX XPL-USD | 0.09960 | 0.0100 | pay 0.0013% / 1h | 21m 08s | $208 | $9K | 10x |
| Short | Backpack XPL_USDC_PERP | 0.09968 | −0.0179 | pay 0.0022% / 1h | 21m 08s | $184K | $288K | 10x |
SoDEX XPL-USD
Backpack XPL_USDC_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
- $8.03
- Funding while held
- −$8.37
- Slippage, 4 orders
- no order book: not counted
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$18.34
- Spread needed to break even
- 0.180%
Slippage unknown: SoDEX: no order-book sample; Backpack: live order book, 24 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0279%
- Per $10,000 a day
- −$8.37
- 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 SoDEX no order-book sample | — | — | — | — | — |
| Sell Backpack live order book, 24 min ago | 1.51 bp | 9.8 bp −$10 | doesn't fit | doesn't fit | doesn't fit |
SoDEX: 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
Paradex0.09949+31.416%BloFin0.09949+31.421%SunX0.09950+31.435%Nado0.09951+31.445%Lighter0.09951+31.448%KuCoin0.09958+31.540%Binance0.09959+31.559%01 Exchange0.09960+31.567%
Reya
Paradex
BloFin
SunX
Nado
Lighter
KuCoin
BinanceSoDEX0.09960+31.567%
MEXC0.09961+31.580%Orderly0.09961+31.580%Extended0.09962+31.589%Bybit0.09962+31.593%Polymarket Perps0.09962+31.596%Deribit0.09963+31.606%Pacifica0.09963+31.609%OKX0.09964+31.620%Gate0.09964+31.620%BingX0.09965+31.633%GMX0.09966+31.643%gTrade (Gains Network)0.09966+31.645%Bitget0.09967+31.659%Aevo0.09967+31.662%
MEXC
Orderly
Extended
Bybit
Polymarket Perps
Deribit
Pacifica
OKX
Gate
BingX
GMX
gTrade (Gains Network)
Bitget
AevoBackpack0.09968+31.672%
Aster0.09969+31.688%dYdX0.09970+31.703%Hyperliquid0.09980+31.828%Phoenix0.09993+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%
Aster
dYdX
Hyperliquid
Phoenix
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 | −23.993% | 0.0000% | 1h | — | — | — | as long as short |
| Paradex XPL-USD-PERP | −0.114% | +0.0094% | 8h | $13K | $1K | 5x | as long as short |
| BloFin XPL-USDT | −0.110% | +0.0340% | 4h | $1.8M | $1.2M | 75x | as long as short |
| SunX XPL-USDT | −0.100% | +0.0100% | 4h | $2K | $2.0M | 20x | as long as short |
| Nado XPL-PERP | −0.093% | +0.0100% | 1h | $1.4M | $2.5M | 10x | as long as short |
| Lighter XPL | −0.090% | −0.0872% | 1h | $4.5M | $4.2M | 10x | as long as short |
| KuCoin XPLUSDTM | −0.020% | +0.0100% | 4h | $2.5M | $1.5M | 50x | as long as short |
| Binance XPLUSDT | −0.006% | +0.0100% | 4h | $45.4M | $98.9M | 75x | as long as short |
| 01 Exchange XPLUSD | 0.000% | −0.0112% | 1h | $579 | $582 | 5x | as long as short |
| SoDEX XPL-USDlong | 0.000% | +0.0100% | 1h | $208 | $9K | 10x |
Show all 35 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| MEXC XPL_USDT | +0.010% | +0.0100% | 4h | $13.9M | $7.6M | 100x | as long as short |
| Orderly PERP_XPL_USDC | +0.010% | +0.0022% | 4h | $28K | $333K | 10x | as long as short |
| Extended XPL-USD | +0.017% | +0.0104% | 1h | $643K | $829K | 25x | as long as short |
| Bybit XPLUSDT | +0.020% | +0.0100% | 4h | $48.0M | $49.3M | 75x | as long as short |
| Polymarket Perps XPL-USD | +0.022% | +0.0100% | 1h | $135K | $3.4M | 10x | as long as short |
| Deribit XPL_USDC-PERPETUAL | +0.030% | −0.0051% | 1h | $49K | $17K | 25x | as long as short |
| Pacifica XPL | +0.032% | +0.0100% | 1h | $225K | $15K | 10x | as long as short |
| OKX XPL-USDT-SWAP | +0.040% | +0.0100% | 4h | $9.4M | $54.3M | 50x | as long as short |
| Gate XPL_USDT | +0.040% | +0.0100% | 4h | $3.1M | $3.9M | 75x | as long as short |
| BingX XPL-USDT | +0.050% | +0.0100% | 4h | — | $7.9M | — | as long as short |
| GMX XPL/USD [WBTC.b-USDC] | +0.058% | L −0.0040% / S +0.0454% | 1h | $134K | — | 100x | as long as short |
| gTrade (Gains Network) XPL/USD | +0.059% | L +0.0005% / S −0.0004% | 1h | $74K | — | 150x | as long as short |
| Bitget XPLUSDT | +0.070% | +0.0100% | 4h | $8.7M | $11.2M | 75x | as long as short |
| Aevo XPL-PERP | +0.072% | +0.0104% | 1h | $39K | $5K | 3x | as long as short |
| Backpack XPL_USDC_PERPshort | +0.080% | −0.0179% | 1h | $184K | $288K | 10x | |
| Aster XPLUSDT | +0.092% | +0.0100% | 4h | $266K | $454K | 20x | as long as short |
| dYdX XPL-USD | +0.103% | 0.0000% | 1h | $8K | — | 5x | as long as short |
| Hyperliquid XPL | +0.199% | +0.0197% | 1h | $65.3M | $40.8M | 10x | as long as short |
| Phoenix XPL | +0.331% | +0.0245% | 1h | $204K | $618K | 10x | as long as short |
| HTX XPL-USDT | +0.371% | +0.0100% | 4h | $145K | $242K | 20x | as long as short |
| Variational Omni XPL | +0.408% | +0.0100% | 4h | $1.7M | $1.8M | — | as long as short |
| ApeX Omni XPLUSDT | +0.502% | +0.0100% | 1h | $30K | $92K | 50x | as long as short |
| Bulk XPL-USD | +0.542% | +0.0100% | 1h | $142K | $52K | 10x | as long as short |
| Kraken Futures PF_XPLUSD | +0.599% | +0.1430% | 1h | $254K | $588K | 10x | as long as short |
| Coinbase International XPL-PERP-INTX | +0.954% | +0.0840% | 1h | $78K | $134K | 50x | as long as short |