Funding arb · Price arb /

XPL

all XPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0236%/8h= +25.8% APRpaid last 24h +0.071%

Price spread now: BloFin against Aevo−0.139%53s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Aevo Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. BloFin is 0.139% cheaper against Aevo than usual: you would sell low and buy high (spread −0.139% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$14 on $10k: about 47 hours of funding at the current rate (+$7 a day). The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo XPL-PERP	0.09583	0.0104	pay 0.0013% / 1h	23m 40s	$28K	$18K	3x
Short	BloFin XPL-USDT	0.09570	0.0340	get 0.0170% / 4h	2h 23m	$1.7M	$944K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Aevo. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee AevobpFee BloFinbpOrdersPrice spread, now −0.139%Rate

Funding earned: $49.56
Price spread: −0.139% → 0.000%: −$13.88
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee BloFin: 6 bp × 2 orders: −$12
Net: $7.68
Costs to cover: 0.280%
Break-even: 5.9 days

Slippage unknown: Aevo: no order-book sample; BloFin: live order book, 4 min ago. Net counts fees only.

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 Aevo no order-book sample	—	—	—	—	—
Sell BloFin live order book, 4 min ago	1.57 bp	13.0 bp −$13	22.8 bp −$228	70.2 bp −$7,018	doesn't fit

Aevo: 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 on 36 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange XPLUSD	−0.0272%	1h	0.09556	−0.285%	$556	$708	5x	as long as short
Deribit XPL_USDC-PERPETUAL	−0.0272%	1h	0.09577	−0.066%	$46K	$18K	25x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0234% / S +0.0570%	1h	0.09580	−0.038%	$106K	—	100x	as long as short
Lighter XPL	0.0000%	1h	0.09563	−0.212%	$4.3M	$3.0M	10x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09577	−0.065%	$9K	$600	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−20.999%	—	—	—	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09580	−0.032%	$72K	—	150x	as long as short
Orderly PERP_XPL_USDC	+0.0010%	4h	0.09574	−0.097%	$29K	$309K	10x	as long as short
Paradex XPL-USD-PERP	+0.0062%	8h	0.09574	−0.093%	$12K	$696	5x	as long as short
Nado XPL-PERP	+0.0100%	1h	0.09578	−0.055%	$1.2M	$2.4M	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid XPL	+0.0100%	1h	0.09585	+0.016%	$60.6M	$46.3M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09579	−0.044%	$252K	$428K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09578	−0.051%	$219K	$46K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09568	−0.160%	$43.4M	$100.0M	75x	as long as short
Bybit XPLUSDT	+0.0100%	4h	0.09562	−0.222%	$45.3M	$53.9M	75x	as long as short
OKX XPL-USDT-SWAP	+0.0100%	4h	0.09561	−0.233%	$8.1M	$48.1M	50x	as long as short
Gate XPL_USDT	+0.0100%	4h	0.09569	−0.149%	$3.0M	$3.4M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09564	−0.201%	$12.3M	$6.9M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09573	−0.107%	$2.3M	$1.4M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09574	−0.097%	$9.1M	$9.7M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09561	−0.233%	—	$7.8M	—	as long as short
Backpack XPL_USDC_PERP	+0.0100%	1h	0.09581	−0.024%	$174K	$190K	10x	as long as short
Variational Omni XPL	+0.0100%	4h	0.09545	−0.400%	$1.7M	$1.9M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09548	−0.364%	$252K	$1.1M	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09540	−0.452%	$25K	$77K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09585	+0.014%	$125K	$2.0M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09560	−0.243%	$2K	$1.7M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09580	−0.034%	$201	$12K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09592	+0.091%	$137K	$191K	20x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09540	−0.452%	$139K	$0	10x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09561	−0.234%	$601K	$1.2M	25x	as long as short
Aevo XPL-PERPlong	+0.0104%	1h	0.09583	long leg	$28K	$18K	3x
Phoenix XPL	+0.0251%	1h	0.09562	−0.222%	$194K	$536K	10x	as long as short
BloFin XPL-USDTshort	+0.0340%	4h	0.09570	−0.139%	$1.7M	$944K	75x
Coinbase International XPL-PERP-INTX	+0.0592%	1h	0.09605	+0.226%	$67K	$89K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.2895%	1h	0.09604	+0.215%	$546K	$989K	10x	as long as short