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Price arb /

XPL

all XPL markets
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Spread before costs (cost unknown: a leg has no order-book sample)−0.017%
7d average+0.052%if it closes, per $10,000$2funding while held, a day−$16.62
Long on Variational OmniShort on GMX
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni XPL0.10000.0100pay 0.0050% / 4h3h 23m$1.7M$1.8M—
ShortGMX XPL/USD [WBTC.b-USDC]0.09999L −0.0040% / S +0.0454%pay 0.0057% / 1h23m 48s$135K—100x

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

Profit calculator

Spread captured
−$1.75
Funding while held
−$16.62
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee GMX: 6 bp × 2 orders
−$12
Net
−$30.37
Spread needed to break even
0.120%
Slippage unknown: Variational Omni: RFQ quote, 2 min ago; GMX: no order-book sample. Net counts fees only.

Cost of waiting

funding view
Funding /8h
−0.0554%
Per $10,000 a day
−$16.62
Average in range /8h
—

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Variational Omni RFQ quote, 2 min ago9.99 bpdoesn't fit99.9 bp −$999doesn't fitdoesn't fit
Sell GMX no order-book sample—————
GMX: 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
SunX0.09980+31.839%Lighter0.09994+32.023%01 Exchange0.09995+32.037%Polymarket Perps0.09995+32.039%Nado0.09996+32.056%
GMX0.09999+32.088%
Variational Omni0.1000+32.111%
KuCoin0.1000+32.129%Paradex0.1000+32.137%BingX0.1000+32.156%OKX0.1001+32.169%Gate0.1001+32.169%Bybit0.1001+32.182%Orderly0.1001+32.182%Extended0.1001+32.193%gTrade (Gains Network)0.1001+32.194%Binance0.1001+32.208%Deribit0.1001+32.208%MEXC0.1001+32.222%Bitget0.1001+32.235%SoDEX0.1001+32.235%Aevo0.1001+32.239%Aster0.1001+32.241%Pacifica0.1001+32.248%BloFin0.1001+32.261%HTX0.1001+32.274%Bulk0.1001+32.287%Backpack0.1002+32.301%dYdX0.1002+32.342%Phoenix0.1002+32.354%Hyperliquid0.1002+32.407%ApeX Omni0.1004+32.631%Coinbase International0.1006+32.829%Kraken Futures0.1006+32.854%

XPL on 35 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Reya XPLRUSDPERP−24.306%0.0000%1h———as long as short
SunX XPL-USDT−0.206%+0.0100%4h$3K$2.0M20xas long as short
Lighter XPL−0.066%−0.0832%1h$4.5M$4.2M10xas long as short
01 Exchange XPLUSD−0.056%−0.0112%1h$581$5825xas long as short
Polymarket Perps XPL-USD−0.054%+0.0100%1h$135K$3.5M10xas long as short
Nado XPL-PERP−0.041%+0.0100%1h$1.5M$2.5M10xas long as short
GMX XPL/USD [WBTC.b-USDC]short−0.017%L −0.0040% / S +0.0454%1h$135K—100x
Variational Omni XPLlong0.000%+0.0100%4h$1.7M$1.8M—
KuCoin XPLUSDTM+0.013%+0.0100%4h$2.5M$1.5M50xas long as short
Paradex XPL-USD-PERP+0.020%+0.0094%8h$13K$1K5xas long as short
Show all 35 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
BingX XPL-USDT+0.033%+0.0100%4h—$8.0M—as long as short
OKX XPL-USDT-SWAP+0.043%+0.0100%4h$9.4M$54.6M50xas long as short
Gate XPL_USDT+0.043%+0.0100%4h$3.1M$3.9M75xas long as short
Bybit XPLUSDT+0.053%+0.0100%4h$48.2M$49.4M75xas long as short
Orderly PERP_XPL_USDC+0.053%+0.0021%4h$28K$333K10xas long as short
Extended XPL-USD+0.062%+0.0104%1h$647K$829K25xas long as short
gTrade (Gains Network) XPL/USD+0.062%L +0.0005% / S −0.0004%1h$74K—150xas long as short
Binance XPLUSDT+0.073%+0.0100%4h$45.7M$99.1M75xas long as short
Deribit XPL_USDC-PERPETUAL+0.073%0.0000%1h$50K$17K25xas long as short
MEXC XPL_USDT+0.083%+0.0100%4h$14.0M$7.6M100xas long as short
Bitget XPLUSDT+0.093%+0.0100%4h$8.7M$11.2M75xas long as short
SoDEX XPL-USD+0.093%+0.0100%1h$209$9K10xas long as short
Aevo XPL-PERP+0.096%+0.0104%1h$39K$5K3xas long as short
Aster XPLUSDT+0.098%+0.0100%4h$267K$454K20xas long as short
Pacifica XPL+0.103%+0.0100%1h$226K$15K10xas long as short
BloFin XPL-USDT+0.113%+0.0340%4h$1.8M$1.2M75xas long as short
HTX XPL-USDT+0.123%+0.0100%4h$145K$242K20xas long as short
Bulk XPL-USD+0.133%+0.0100%1h$142K$52K10xas long as short
Backpack XPL_USDC_PERP+0.143%−0.0157%1h$185K$288K10xas long as short
dYdX XPL-USD+0.174%0.0000%1h$8K—5xas long as short
Phoenix XPL+0.183%+0.0245%1h$204K$618K10xas long as short
Hyperliquid XPL+0.223%+0.0199%1h$65.7M$40.8M10xas long as short
ApeX Omni XPLUSDT+0.393%+0.0100%1h$30K$92K50xas long as short
Coinbase International XPL-PERP-INTX+0.543%+0.0840%1h$78K$134K50xas long as short
Kraken Futures PF_XPLUSD+0.562%+0.1425%1h$255K$588K10xas long as short