Spread before costs (cost unknown: a leg has no order-book sample)−0.138%
7d average—if it closes, per $10,000$14funding while held, a day−$3.00
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni XPL | 0.10000 | 0.0100 | pay 0.0050% / 4h | 1h 42m | $1.7M | $1.8M | — |
| Short | Deribit XPL_USDC-PERPETUAL | 0.09986 | 0 | get 0.0000% / 1h | 42m 26s | $50K | $17K | 25x |
Variational Omni XPL
Deribit XPL_USDC-PERPETUALPrice 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
- −$13.75
- Funding while held
- −$3
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$23.75
- Spread needed to break even
- 0.070%
Slippage unknown: Variational Omni: RFQ quote, 3 min ago; Deribit: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0100%
- Per $10,000 a day
- −$3.00
- 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 Variational Omni RFQ quote, 3 min ago | 9.99 bp | doesn't fit | 79.9 bp −$799 | doesn't fit | doesn't fit |
| Sell Deribit no order-book sample | — | — | — | — | — |
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.Reya0.07570cheapest
Lighter0.09954+31.487%Bulk0.09960+31.563%Gate0.09967+31.659%Extended0.09969+31.683%Bybit0.09969+31.686%MEXC0.09969+31.686%BingX0.09969+31.686%dYdX0.09970+31.699%Nado0.09970+31.699%SunX0.09970+31.699%Bitget0.09972+31.725%Paradex0.09972+31.728%Pacifica0.09972+31.729%Binance0.09973+31.738%KuCoin0.09974+31.752%OKX0.09976+31.778%01 Exchange0.09976+31.778%Aster0.09976+31.781%SoDEX0.09980+31.831%BloFin0.09980+31.831%Polymarket Perps0.09980+31.835%Orderly0.09983+31.871%Hyperliquid0.09983+31.877%HTX0.09985+31.897%Aevo0.09986+31.905%
Reya
Lighter
Bulk
Gate
Extended
Bybit
MEXC
BingX
dYdX
Nado
SunX
Bitget
Paradex
Pacifica
Binance
KuCoin
OKX
Aster
SoDEX
BloFin
Polymarket Perps
Orderly
Hyperliquid
HTX
AevoDeribit0.09986+31.910%
GMX0.09987+31.926%Backpack0.09988+31.937%gTrade (Gains Network)0.09988+31.937%
GMX
Backpack
gTrade (Gains Network)Variational Omni0.10000+32.092%
ApeX Omni0.1000+32.095%Phoenix0.1001+32.174%Kraken Futures0.1002+32.338%Coinbase International0.1004+32.637%
ApeX Omni
Phoenix
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 | −24.295% | 0.0000% | 1h | — | — | — | as long as short |
| Lighter XPL | −0.458% | −0.0584% | 1h | $4.5M | $4.2M | 10x | as long as short |
| Bulk XPL-USD | −0.400% | +0.0100% | 1h | $141K | $53K | 10x | as long as short |
| Gate XPL_USDT | −0.328% | +0.0100% | 4h | $3.0M | $4.0M | 75x | as long as short |
| Extended XPL-USD | −0.310% | +0.0104% | 1h | $644K | $843K | 25x | as long as short |
| Bybit XPLUSDT | −0.308% | +0.0100% | 4h | $47.9M | $49.3M | 75x | as long as short |
| MEXC XPL_USDT | −0.308% | +0.0100% | 4h | $13.7M | $7.3M | 100x | as long as short |
| BingX XPL-USDT | −0.308% | +0.0100% | 4h | — | $7.9M | — | as long as short |
| dYdX XPL-USD | −0.298% | 0.0000% | 1h | $8K | — | 5x | as long as short |
| Nado XPL-PERP | −0.298% | +0.0100% | 1h | $1.4M | $2.6M | 10x | as long as short |
Show all 35 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| SunX XPL-USDT | −0.298% | +0.0100% | 4h | $2K | $1.9M | 20x | as long as short |
| Bitget XPLUSDT | −0.278% | +0.0100% | 4h | $8.7M | $10.8M | 75x | as long as short |
| Paradex XPL-USD-PERP | −0.275% | +0.0098% | 8h | $13K | $2K | 5x | as long as short |
| Pacifica XPL | −0.275% | +0.0100% | 1h | $225K | $14K | 10x | as long as short |
| Binance XPLUSDT | −0.268% | +0.0100% | 4h | $45.5M | $99.9M | 75x | as long as short |
| KuCoin XPLUSDTM | −0.258% | +0.0100% | 4h | $2.4M | $1.4M | 50x | as long as short |
| OKX XPL-USDT-SWAP | −0.238% | +0.0100% | 4h | $9.3M | $52.9M | 50x | as long as short |
| 01 Exchange XPLUSD | −0.238% | −0.0040% | 1h | $580 | $583 | 5x | as long as short |
| Aster XPLUSDT | −0.235% | +0.0100% | 4h | $267K | $459K | 20x | as long as short |
| SoDEX XPL-USD | −0.198% | +0.0100% | 1h | $202 | $10K | 10x | as long as short |
| BloFin XPL-USDT | −0.198% | +0.0340% | 4h | $1.8M | $1.2M | 75x | as long as short |
| Polymarket Perps XPL-USD | −0.195% | +0.0100% | 1h | $131K | $2.8M | 10x | as long as short |
| Orderly PERP_XPL_USDC | −0.168% | +0.0036% | 4h | $28K | $333K | 10x | as long as short |
| Hyperliquid XPL | −0.163% | +0.0273% | 1h | $65.5M | $43.4M | 10x | as long as short |
| HTX XPL-USDT | −0.148% | +0.0100% | 4h | $144K | $241K | 20x | as long as short |
| Aevo XPL-PERP | −0.142% | +0.0104% | 1h | $39K | $5K | 3x | as long as short |
| Deribit XPL_USDC-PERPETUALshort | −0.138% | 0.0000% | 1h | $50K | $17K | 25x | |
| GMX XPL/USD [WBTC.b-USDC] | −0.126% | L +0.0205% / S +0.0037% | 1h | $140K | — | 100x | as long as short |
| Backpack XPL_USDC_PERP | −0.118% | −0.0367% | 1h | $184K | $282K | 10x | as long as short |
| gTrade (Gains Network) XPL/USD | −0.118% | L +0.0005% / S −0.0004% | 1h | $74K | — | 150x | as long as short |
| Variational Omni XPLlong | 0.000% | +0.0100% | 4h | $1.7M | $1.8M | — | |
| ApeX Omni XPLUSDT | +0.003% | +0.0100% | 1h | $26K | $82K | 50x | as long as short |
| Phoenix XPL | +0.063% | +0.0324% | 1h | $204K | $621K | 10x | as long as short |
| Kraken Futures PF_XPLUSD | +0.186% | +0.2749% | 1h | $300K | $685K | 10x | as long as short |
| Coinbase International XPL-PERP-INTX | +0.413% | +0.0848% | 1h | $77K | $117K | 50x | as long as short |