Spread before costs (cost unknown: a leg has no order-book sample)+0.426%
7d average+0.079%if it closes, per $10,000$43funding while held, a day+$8.87
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni XPL | 0.1023 | 0.0100 | pay 0.0050% / 4h | 2h 41m | $1.9M | $1.3M | — |
| Short | Hyperliquid XPL | 0.1027 | 0.0396 | get 0.0049% / 1h | 41m 07s | $69.2M | $33.2M | 10x |
Variational Omni XPL
Hyperliquid 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
- $42.63
- Funding while held
- $8.87
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $42.5
- Spread needed to break even
- 0.090%
Slippage unknown: Variational Omni: RFQ quote, 4 min ago; Hyperliquid: live order book, 4 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0296%
- Per $10,000 a day
- +$8.87
- 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, 4 min ago | 9.84 bp | doesn't fit | 68.9 bp −$689 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 4 min ago | 0.98 bp | 7.3 bp −$7 | 21.4 bp −$214 | doesn't fit | doesn't fit |
XPL price on every exchange
against the cheapest. Click to use as the short leg.Reya0.07571cheapest
Bulk0.1015+34.117%
Reya
BulkVariational Omni0.1023+35.078%
Paradex0.1023+35.092%Bybit0.1023+35.099%BloFin0.1023+35.112%SunX0.1023+35.125%OKX0.1023+35.138%01 Exchange0.1023+35.138%Nado0.1023+35.165%HTX0.1024+35.204%dYdX0.1024+35.209%Lighter0.1024+35.218%Pacifica0.1024+35.249%ApeX Omni0.1024+35.257%SoDEX0.1024+35.257%Extended0.1024+35.269%Orderly0.1024+35.270%Binance0.1024+35.284%BingX0.1024+35.284%Gate0.1024+35.310%Aevo0.1024+35.323%GMX0.1025+35.331%MEXC0.1025+35.337%KuCoin0.1025+35.337%Bitget0.1025+35.337%gTrade (Gains Network)0.1025+35.346%Polymarket Perps0.1025+35.363%Deribit0.1025+35.363%Backpack0.1025+35.389%Aster0.1025+35.416%Phoenix0.1025+35.429%Kraken Futures0.1025+35.446%
Paradex
Bybit
BloFin
SunX
OKX
Nado
HTX
dYdX
Lighter
Pacifica
ApeX Omni
SoDEX
Extended
Orderly
Binance
BingX
Gate
Aevo
GMX
MEXC
KuCoin
Bitget
gTrade (Gains Network)
Polymarket Perps
Deribit
Backpack
Aster
Phoenix
Kraken FuturesHyperliquid0.1027+35.654%
Coinbase International0.1029+35.971%
Coinbase InternationalXPL on 35 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Reya XPLRUSDPERP | −25.969% | 0.0000% | 1h | — | — | — | as long as short |
| Bulk XPL-USD | −0.711% | +0.0100% | 1h | $142K | $35K | 10x | as long as short |
| Variational Omni XPLlong | 0.000% | +0.0100% | 4h | $1.9M | $1.3M | — | |
| Paradex XPL-USD-PERP | +0.011% | +0.0093% | 8h | $12K | $946 | 5x | as long as short |
| Bybit XPLUSDT | +0.016% | +0.0100% | 4h | $49.4M | $42.4M | 75x | as long as short |
| BloFin XPL-USDT | +0.025% | +0.0340% | 4h | $2.0M | $1.1M | 75x | as long as short |
| SunX XPL-USDT | +0.035% | +0.0100% | 4h | $3K | $1.8M | 20x | as long as short |
| OKX XPL-USDT-SWAP | +0.045% | +0.0100% | 4h | $10.0M | $50.8M | 50x | as long as short |
| 01 Exchange XPLUSD | +0.045% | −0.0032% | 1h | $595 | $3K | 5x | as long as short |
| Nado XPL-PERP | +0.065% | +0.0100% | 1h | $1.5M | $2.1M | 10x | as long as short |
Show all 35 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| HTX XPL-USDT | +0.094% | +0.0100% | 4h | $152K | $249K | 20x | as long as short |
| dYdX XPL-USD | +0.097% | 0.0000% | 1h | $9K | — | 5x | as long as short |
| Lighter XPL | +0.104% | −0.0192% | 1h | $4.6M | $3.4M | 10x | as long as short |
| Pacifica XPL | +0.127% | +0.0100% | 1h | $233K | $17K | 10x | as long as short |
| ApeX Omni XPLUSDT | +0.133% | +0.0100% | 1h | $32K | $84K | 50x | as long as short |
| SoDEX XPL-USD | +0.133% | +0.0100% | 1h | $191 | $9K | 10x | as long as short |
| Extended XPL-USD | +0.142% | +0.0104% | 1h | $680K | $620K | 25x | as long as short |
| Orderly PERP_XPL_USDC | +0.143% | +0.0060% | 4h | $28K | $331K | 10x | as long as short |
| Binance XPLUSDT | +0.153% | +0.0100% | 4h | $48.3M | $85.6M | 75x | as long as short |
| BingX XPL-USDT | +0.153% | +0.0100% | 4h | — | $7.9M | — | as long as short |
| Gate XPL_USDT | +0.172% | +0.0100% | 4h | $3.3M | $3.5M | 75x | as long as short |
| Aevo XPL-PERP | +0.182% | +0.0104% | 1h | $40K | $5K | 3x | as long as short |
| GMX XPL/USD [WBTC.b-USDC] | +0.188% | L −0.0029% / S +0.0443% | 1h | $136K | — | 100x | as long as short |
| MEXC XPL_USDT | +0.192% | +0.0100% | 4h | $14.4M | $6.5M | 100x | as long as short |
| KuCoin XPLUSDTM | +0.192% | +0.0100% | 4h | $2.8M | $1.3M | 50x | as long as short |
| Bitget XPLUSDT | +0.192% | +0.0100% | 4h | $9.2M | $9.7M | 75x | as long as short |
| gTrade (Gains Network) XPL/USD | +0.198% | L +0.0005% / S −0.0004% | 1h | $75K | — | 150x | as long as short |
| Polymarket Perps XPL-USD | +0.211% | +0.0100% | 1h | $143K | $3.8M | 10x | as long as short |
| Deribit XPL_USDC-PERPETUAL | +0.211% | 0.0000% | 1h | $44K | $8K | 25x | as long as short |
| Backpack XPL_USDC_PERP | +0.231% | −0.0505% | 1h | $189K | $275K | 10x | as long as short |
| Aster XPLUSDT | +0.250% | +0.0100% | 4h | $312K | $392K | 20x | as long as short |
| Phoenix XPL | +0.260% | +0.0385% | 1h | $222K | $479K | 10x | as long as short |
| Kraken Futures PF_XPLUSD | +0.273% | +0.1154% | 1h | $121K | $353K | 10x | as long as short |
| Hyperliquid XPLshort | +0.426% | +0.0396% | 1h | $69.2M | $33.2M | 10x | |
| Coinbase International XPL-PERP-INTX | +0.661% | +0.0872% | 1h | $113K | $138K | 50x | as long as short |