ArbiLayer

XPL arbitrage

live

Live Plasma price differences between exchanges: perpetual, spot and DEX spreads after fees, with funding and depth.

Best net spread+0.11%Binance → HTX · Perp–Perp
Best perp–perp spread+0.27%Binance → HTX
Markets tracked1811 venues · 11 perp · 7 spot · 0 DEX
Price range0.38%$0.0861 – $0.0864

Spreads between exchanges

Long (buy)Short (sell)SpreadNetSpread+FDepth $Funding 24hFunding 30DD/WChart
Binance logoBinance$0.0861HTX logoHTX$0.0863 +0.27%+0.11% +0.27%— +0.009%— LS Chart →
MEXC logoMEXC$0.0861HTX logoHTX$0.0863 +0.27%+0.11% +0.27%— +0.009%— LS Chart →
OKX logoOKX$0.0861HTX logoHTX$0.0863 +0.26%+0.10% +0.26%— -0.011%— LS Chart →
Bybit logoBybit$0.0861HTX logoHTX$0.0863 +0.24%+0.08% +0.24%— -0.015%— LS Chart →
Gate logoGate$0.0861HTX logoHTX$0.0863 +0.22%+0.06% +0.22%— -0.015%— LS Chart →
Bitget logoBitget$0.0861HTX logoHTX$0.0863 +0.21%+0.05% +0.21%— -0.015%— LS Chart →
KuCoin logoKuCoin$0.0861HTX logoHTX$0.0863 +0.21%+0.05% +0.21%— -0.015%— LS Chart →
Aster logoAster$0.0861HTX logoHTX$0.0863 +0.21%+0.05% +0.21%— -0.015%— LS Chart →
Hyperliquid logoHyperliquid$0.0861HTX logoHTX$0.0863 +0.20%+0.04% +0.21%— -0.015%— LS Chart →
Variational logoVariational$0.0862HTX logoHTX$0.0863 +0.20%+0.04% +0.20%— -0.015%— LS Chart →
Binance logoBinance$0.0861Bitget logoBitget$0.0861 +0.03%-0.13% +0.04%— +0.024%— LS Chart →
Binance logoBinance$0.0861Gate logoGate$0.0861 +0.03%-0.13% +0.04%— +0.024%— LS Chart →
MEXC logoMEXC$0.0861Bitget logoBitget$0.0861 +0.03%-0.13% +0.04%— +0.024%— LS Chart →
MEXC logoMEXC$0.0861Gate logoGate$0.0861 +0.03%-0.13% +0.04%— +0.024%— LS Chart →
OKX logoOKX$0.0861Bitget logoBitget$0.0861 +0.02%-0.14% +0.02%— +0.004%— LS Chart →
Long = where you buy, Short = where you sell. Net subtracts a two-leg taker fee model; Spread+F adds the next funding payment.Updates every 15 seconds. Not investment advice.

XPL price on every exchange

ExchangeMarketBidAskPricevs medianFunding 24hVolume 24h
Bybit logoBybitPerpetual · XPLUSDTPerpetual $0.0861$0.0861$0.0861-0.03% +0.030%$28.79M
OKX logoOKXPerpetual · XPL-USDT-SWAPPerpetual $0.0861$0.0861$0.0861-0.04% +0.026%$24.69M
Hyperliquid logoHyperliquidPerpetual · XPLPerpetual $0.0861$0.0861$0.0861-0.01% +0.030%$21.42M
MEXC logoMEXCPerpetual · XPL_USDTPerpetual $0.0861$0.0861$0.0861-0.05% +0.006%$8.50M
Bitget logoBitgetPerpetual · XPLUSDTPerpetual $0.0861$0.0861$0.0861+0.00% +0.030%$6.71M
OKX logoOKXSpot · XPL-USDTSpot $0.0862$0.0862$0.0862+0.09% —$4.26M
Bybit logoBybitSpot · XPLUSDTSpot $0.0862$0.0862$0.0862+0.04% —$2.85M
Gate logoGatePerpetual · XPL_USDTPerpetual $0.0861$0.0861$0.0861-0.00% +0.030%$2.49M
Variational logoVariationalPerpetual · XPLPerpetual $0.0861$0.0862$0.0861-0.03% +0.030%$1.79M
Gate logoGateSpot · XPL_USDTSpot $0.0862$0.0862$0.0862+0.08% —$1.58M
KuCoin logoKuCoinPerpetual · XPLUSDTMPerpetual $0.0861$0.0861$0.0861-0.01% +0.030%$806.7K
Bitget logoBitgetSpot · XPLUSDTSpot $0.0862$0.0862$0.0862+0.08% —$703.6K
KuCoin logoKuCoinSpot · XPL-USDTSpot $0.0861$0.0862$0.0862+0.03% —$389.2K
HTX logoHTXPerpetual · XPL-USDTPerpetual $0.0863$0.0865$0.0864+0.33% +0.015%$99.1K
Binance logoBinancePerpetual · XPLUSDTPerpetual $0.0861$0.0861$0.0861-0.05% +0.006%—
Aster logoAsterPerpetual · XPLUSDTPerpetual $0.0861$0.0861$0.0861-0.03% +0.030%—
Binance logoBinanceSpot · XPLUSDTSpot $0.0862$0.0862$0.0862+0.06% ——
MEXC logoMEXCSpot · XPLUSDTSpot $0.0862$0.0862$0.0862+0.06% ——
Price is the bid/ask midpoint. "vs median" compares each market with the median of all centralized venues.

XPL arbitrage explained

Right now Plasma (XPL) trades on 11 venues we scan: 11 perpetual markets, 7 spot markets and 0 DEX pools. The lowest ask is on MEXC perp at $0.0861 and the highest bid on HTX perp at $0.0863.

The widest XPL perpetual spread is between Binance and HTX: long XPL on Binance at $0.0861 and short on HTX at $0.0863 for +0.27% gross, or +0.11% after the 0.16% two-leg fee model. No transfer is needed: both positions stay on their exchanges until the prices converge. The funding difference on this pair is +0.009% per day, which the position collects while it is open.

For a spot–perpetual (cash-and-carry) trade, the best XPL route is to buy spot on Binance and short the perpetual on HTX: +0.16% gross, -0.04% net, with +0.015% a day of funding on the short leg.

Spot–spot XPL arbitrage (buy on Binance, withdraw, deposit and sell on OKX) shows +0.01% gross right now. It only works if withdrawals on the buying exchange and deposits on the selling exchange are open, so check the D/W dots before moving coins.

Small XPL gaps usually disappear after fees, slippage and funding. Look at the Net column, the executable Depth and the spread history before trading: a gap that has been open for days is a different trade from a one-minute spike.

Related: XPL funding rates · XPL spread charts · Plasma price · arbitrage scanner for all coins.

Is there a XPL arbitrage opportunity right now?

The best XPL route right now is to buy on Binance → sell on HTX (Perp–Perp): +0.27% gross and +0.11% after fees. It is positive after the fee model, but check depth and funding before trading.

Which exchange has the cheapest XPL?

MEXC (perp) has the lowest XPL ask at $0.0861, and HTX (perp) the highest bid at $0.0863. Prices update every 15 seconds on this page.

How many exchanges list XPL?

ArbiLayer tracks 18 XPL markets on 11 venues: 11 perpetual, 7 spot and 0 DEX pools.

How do I arbitrage XPL without transferring coins?

Use two perpetual contracts: go long XPL on the cheaper exchange (Binance now) and short it on the more expensive one (HTX), then close both legs when the spread converges. The coins never move between exchanges.

Arbitrage for other coins

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