Spread before costs (cost unknown: a leg has no order-book sample)−0.417%
7d average—if it closes, per $10,000$42funding while held, a day+$45.42
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SoDEX XPL-USD | 0.1022 | 0.0100 | pay 0.0013% / 1h | 49m 09s | $208 | $9K | 10x |
| Short | Kraken Futures PF_XPLUSD | 0.1018 | 0.1614 | get 0.0202% / 1h | 49m 09s | $147K | $427K | 10x |
SoDEX XPL-USD
Kraken Futures PF_XPLUSDPrice 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
- −$41.71
- Funding while held
- $45.42
- Slippage, 4 orders
- no order book: not counted
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$14.29
- Spread needed to break even
- 0.180%
Slippage unknown: SoDEX: no order-book sample; Kraken Futures: live order book, 65 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.1514%
- Per $10,000 a day
- +$45.42
- 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 Kraken Futures live order book, 65 min ago | 41.55 bp | 56.3 bp −$56 | 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.Reya0.07571cheapest
Lighter0.1014+33.901%BingX0.1015+34.020%Extended0.1015+34.028%Backpack0.1015+34.033%BloFin0.1015+34.033%Bybit0.1015+34.060%OKX0.1015+34.060%Deribit0.1015+34.060%Binance0.1015+34.073%Orderly0.1015+34.073%HTX0.1015+34.073%MEXC0.1015+34.086%Aevo0.1015+34.128%Bitget0.1016+34.139%Gate0.1016+34.152%SunX0.1016+34.205%Hyperliquid0.1017+34.284%KuCoin0.1017+34.311%Aster0.1017+34.366%GMX0.1018+34.406%gTrade (Gains Network)0.1018+34.424%Nado0.1018+34.429%
Reya
Lighter
BingX
Extended
Backpack
BloFin
Bybit
OKX
Deribit
Binance
Orderly
HTX
MEXC
Aevo
Bitget
Gate
SunX
Hyperliquid
KuCoin
Aster
GMX
gTrade (Gains Network)
NadoKraken Futures0.1018+34.434%
01 Exchange0.1018+34.443%Polymarket Perps0.1018+34.535%Paradex0.1020+34.678%dYdX0.1021+34.818%Pacifica0.1021+34.857%Bulk0.1022+34.997%
Polymarket Perps
Paradex
dYdX
Pacifica
BulkSoDEX0.1022+34.997%
Variational Omni0.1022+35.040%ApeX Omni0.1023+35.130%Phoenix0.1024+35.315%Coinbase International0.1030+36.028%
Variational Omni
ApeX Omni
Phoenix
Coinbase InternationalXPL on 35 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Reya XPLRUSDPERP | −25.925% | 0.0000% | 1h | — | — | — | as long as short |
| Lighter XPL | −0.812% | −0.0680% | 1h | $4.6M | $4.1M | 10x | as long as short |
| BingX XPL-USDT | −0.724% | +0.0100% | 4h | — | $7.8M | — | as long as short |
| Extended XPL-USD | −0.718% | +0.0104% | 1h | $663K | $802K | 25x | as long as short |
| Backpack XPL_USDC_PERP | −0.714% | +0.0100% | 1h | $187K | $284K | 10x | as long as short |
| BloFin XPL-USDT | −0.714% | +0.0340% | 4h | $2.0M | $1.1M | 75x | as long as short |
| Bybit XPLUSDT | −0.695% | +0.0100% | 4h | $50.0M | $45.6M | 75x | as long as short |
| OKX XPL-USDT-SWAP | −0.695% | +0.0100% | 4h | $10.0M | $52.5M | 50x | as long as short |
| Deribit XPL_USDC-PERPETUAL | −0.695% | −0.0439% | 1h | $48K | $11K | 25x | as long as short |
| Binance XPLUSDT | −0.685% | +0.0100% | 4h | $47.6M | $90.9M | 75x | as long as short |
Show all 35 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Orderly PERP_XPL_USDC | −0.685% | +0.0041% | 4h | $28K | $331K | 10x | as long as short |
| HTX XPL-USDT | −0.685% | +0.0100% | 4h | $149K | $256K | 20x | as long as short |
| MEXC XPL_USDT | −0.675% | +0.0100% | 4h | $14.1M | $7.1M | 100x | as long as short |
| Aevo XPL-PERP | −0.644% | +0.0104% | 1h | $39K | $5K | 3x | as long as short |
| Bitget XPLUSDT | −0.636% | +0.0100% | 4h | $9.1M | $10.6M | 75x | as long as short |
| Gate XPL_USDT | −0.626% | +0.0100% | 4h | $3.2M | $3.8M | 75x | as long as short |
| SunX XPL-USDT | −0.587% | +0.0100% | 4h | $3K | $1.8M | 20x | as long as short |
| Hyperliquid XPL | −0.528% | +0.0314% | 1h | $67.7M | $35.3M | 10x | as long as short |
| KuCoin XPLUSDTM | −0.509% | +0.0100% | 4h | $2.8M | $1.3M | 50x | as long as short |
| Aster XPLUSDT | −0.468% | +0.0100% | 4h | $274K | $441K | 20x | as long as short |
| GMX XPL/USD [WBTC.b-USDC] | −0.438% | L −0.0038% / S +0.0452% | 1h | $136K | — | 100x | as long as short |
| gTrade (Gains Network) XPL/USD | −0.425% | L +0.0005% / S −0.0004% | 1h | $73K | — | 150x | as long as short |
| Nado XPL-PERP | −0.421% | +0.0100% | 1h | $1.5M | $2.3M | 10x | as long as short |
| Kraken Futures PF_XPLUSDshort | −0.417% | +0.1614% | 1h | $147K | $427K | 10x | |
| 01 Exchange XPLUSD | −0.411% | −0.0080% | 1h | $592 | $3K | 5x | as long as short |
| Polymarket Perps XPL-USD | −0.342% | +0.0100% | 1h | $140K | $3.6M | 10x | as long as short |
| Paradex XPL-USD-PERP | −0.236% | +0.0092% | 8h | $13K | $1K | 5x | as long as short |
| dYdX XPL-USD | −0.133% | 0.0000% | 1h | $9K | — | 5x | as long as short |
| Pacifica XPL | −0.104% | +0.0100% | 1h | $231K | $20K | 10x | as long as short |
| Bulk XPL-USD | 0.000% | +0.0100% | 1h | $143K | $35K | 10x | as long as short |
| SoDEX XPL-USDlong | 0.000% | +0.0100% | 1h | $208 | $9K | 10x | |
| Variational Omni XPL | +0.032% | +0.0100% | 4h | $1.9M | $1.5M | — | as long as short |
| ApeX Omni XPLUSDT | +0.098% | +0.0100% | 1h | $30K | $88K | 50x | as long as short |
| Phoenix XPL | +0.235% | +0.0312% | 1h | $209K | $596K | 10x | as long as short |
| Coinbase International XPL-PERP-INTX | +0.763% | +0.0888% | 1h | $108K | $120K | 50x | as long as short |