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+$4.34
| 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 | 59m 14s | $200 | $9K | 10x |
| Short | Phoenix XPL | 0.09968 | 0.0245 | get 0.0031% / 1h | 59m 14s | $203K | $623K | 10x |
SoDEX XPL-USD
Phoenix 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
- $8.03
- Funding while held
- $4.34
- Slippage, 4 orders
- no order book: not counted
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$2.63
- Spread needed to break even
- 0.150%
Slippage unknown: SoDEX: no order-book sample; Phoenix: live order book, 45 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0145%
- Per $10,000 a day
- +$4.34
- 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 Phoenix live order book, 45 min ago | 1.00 bp | 14.5 bp −$15 | 47.8 bp −$478 | 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.Reya0.07569cheapest
SunX0.09930+31.186%Gate0.09939+31.305%01 Exchange0.09940+31.318%KuCoin0.09940+31.318%Lighter0.09942+31.344%MEXC0.09944+31.371%Paradex0.09944+31.372%BingX0.09947+31.410%Orderly0.09948+31.424%Nado0.09949+31.437%BloFin0.09949+31.437%Aster0.09950+31.450%Extended0.09951+31.463%OKX0.09951+31.463%GMX0.09952+31.470%Bybit0.09952+31.477%Deribit0.09953+31.490%gTrade (Gains Network)0.09953+31.490%Polymarket Perps0.09953+31.491%Pacifica0.09953+31.492%Bitget0.09955+31.516%Aevo0.09957+31.540%Binance0.09958+31.556%
Reya
SunX
Gate
KuCoin
Lighter
MEXC
Paradex
BingX
Orderly
Nado
BloFin
Aster
Extended
OKX
GMX
Bybit
Deribit
gTrade (Gains Network)
Polymarket Perps
Pacifica
Bitget
Aevo
BinanceSoDEX0.09960+31.582%
dYdX0.09960+31.585%Hyperliquid0.09960+31.585%HTX0.09964+31.635%Backpack0.09966+31.661%
dYdX
Hyperliquid
HTX
BackpackPhoenix0.09968+31.688%
ApeX Omni0.09970+31.714%Bulk0.09986+31.927%Variational Omni0.09986+31.929%Kraken Futures0.09999+32.102%Coinbase International0.1006+32.837%
ApeX Omni
Bulk
Variational Omni
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 | −24.002% | 0.0000% | 1h | — | — | — | as long as short |
| SunX XPL-USDT | −0.301% | +0.0100% | 4h | $2K | $1.9M | 20x | as long as short |
| Gate XPL_USDT | −0.211% | +0.0100% | 4h | $3.1M | $3.9M | 75x | as long as short |
| 01 Exchange XPLUSD | −0.201% | −0.0120% | 1h | $578 | $593 | 5x | as long as short |
| KuCoin XPLUSDTM | −0.201% | +0.0100% | 4h | $2.5M | $1.4M | 50x | as long as short |
| Lighter XPL | −0.181% | −0.0896% | 1h | $4.5M | $4.1M | 10x | as long as short |
| MEXC XPL_USDT | −0.161% | +0.0100% | 4h | $14.0M | $7.3M | 100x | as long as short |
| Paradex XPL-USD-PERP | −0.160% | +0.0096% | 8h | $13K | $1K | 5x | as long as short |
| BingX XPL-USDT | −0.131% | +0.0100% | 4h | — | $7.9M | — | as long as short |
| Orderly PERP_XPL_USDC | −0.120% | +0.0023% | 4h | $28K | $333K | 10x | as long as short |
Show all 35 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Nado XPL-PERP | −0.110% | +0.0100% | 1h | $1.4M | $2.5M | 10x | as long as short |
| BloFin XPL-USDT | −0.110% | +0.0340% | 4h | $1.8M | $1.2M | 75x | as long as short |
| Aster XPLUSDT | −0.100% | +0.0100% | 4h | $265K | $455K | 20x | as long as short |
| Extended XPL-USD | −0.091% | +0.0104% | 1h | $640K | $831K | 25x | as long as short |
| OKX XPL-USDT-SWAP | −0.090% | +0.0100% | 4h | $9.4M | $53.1M | 50x | as long as short |
| GMX XPL/USD [WBTC.b-USDC] | −0.085% | L −0.0039% / S +0.0454% | 1h | $135K | — | 100x | as long as short |
| Bybit XPLUSDT | −0.080% | +0.0100% | 4h | $48.1M | $48.9M | 75x | as long as short |
| Deribit XPL_USDC-PERPETUAL | −0.070% | 0.0000% | 1h | $49K | $17K | 25x | as long as short |
| gTrade (Gains Network) XPL/USD | −0.070% | L +0.0005% / S −0.0004% | 1h | $74K | — | 150x | as long as short |
| Polymarket Perps XPL-USD | −0.069% | +0.0100% | 1h | $128K | $3.3M | 10x | as long as short |
| Pacifica XPL | −0.068% | +0.0100% | 1h | $225K | $15K | 10x | as long as short |
| Bitget XPLUSDT | −0.050% | +0.0100% | 4h | $8.7M | $10.8M | 75x | as long as short |
| Aevo XPL-PERP | −0.032% | +0.0104% | 1h | $39K | $5K | 3x | as long as short |
| Binance XPLUSDT | −0.020% | +0.0100% | 4h | $45.3M | $98.3M | 75x | as long as short |
| SoDEX XPL-USDlong | 0.000% | +0.0100% | 1h | $200 | $9K | 10x | |
| dYdX XPL-USD | +0.002% | 0.0000% | 1h | $8K | — | 5x | as long as short |
| Hyperliquid XPL | +0.002% | +0.0100% | 1h | $64.6M | $41.3M | 10x | as long as short |
| HTX XPL-USDT | +0.040% | +0.0100% | 4h | $144K | $239K | 20x | as long as short |
| Backpack XPL_USDC_PERP | +0.060% | −0.0156% | 1h | $184K | $283K | 10x | as long as short |
| Phoenix XPLshort | +0.080% | +0.0245% | 1h | $203K | $623K | 10x | |
| ApeX Omni XPLUSDT | +0.100% | +0.0100% | 1h | $29K | $94K | 50x | as long as short |
| Bulk XPL-USD | +0.262% | +0.0100% | 1h | $142K | $52K | 10x | as long as short |
| Variational Omni XPL | +0.264% | +0.0100% | 4h | $1.7M | $1.8M | — | as long as short |
| Kraken Futures PF_XPLUSD | +0.395% | +0.4760% | 1h | $253K | $588K | 10x | as long as short |
| Coinbase International XPL-PERP-INTX | +0.954% | +0.0840% | 1h | $78K | $131K | 50x | as long as short |