Settings8H · net · $10k
Funding arb · Price arb /

XPL

all XPL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 21:00 UTC+0.0720%/8h= +78.8% APRnext payment +$0.90 per $10,000 · paid last 24h +0.195%
Price spread now: Coinbase International against Aevo+0.174%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$22 a day on $10k at the current rate, and Coinbase International is 0.174% dearer against Aevo than usual: you sell high and buy low: +$17 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAevo XPL-PERP0.097700.0104pay 0.0013% / 1h48m 03s$38K$5K3x
ShortCoinbase International XPL-PERP-INTX0.097870.0824get 0.0103% / 1h48m 03s$74K$104K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International 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

Funding earned
$151.2
Price spread: +0.174% → 0.000%
$17.4
Slippage, 4 orders
no order book: not counted
Fee Aevo: 8 bp × 2 orders
−$16
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
$142.6
Costs to cover
0.260%
Break-even
0.4 days
Slippage unknown: Aevo: no order-book sample; Coinbase International: live order book, 39 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Aevo no order-book sample
Sell Coinbase International live order book, 39 min ago32.79 bp63.5 bp −$64doesn't fitdoesn't fitdoesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter XPL−0.0304%1h0.09760−0.102%$4.4M$4.2M10xas long as short
Backpack XPL_USDC_PERP−0.0254%1h0.09778+0.082%$181K$281K10xas long as short
GMX XPL/USD [WBTC.b-USDC]L −0.0068% / S +0.0478%1h0.09764−0.059%$112K100xas long as short
Deribit XPL_USDC-PERPETUAL−0.0057%1h0.09768−0.020%$47K$18K25xas long as short
dYdX XPL-USD0.0000%1h0.09741−0.297%$8K5xas long as short
Reya XPLRUSDPERP0.0000%1h0.07571−22.510%as long as short
gTrade (Gains Network) XPL/USDL +0.0005% / S −0.0004%1h0.09765−0.049%$72K150xas long as short
Orderly PERP_XPL_USDC+0.0080%4h0.09764−0.061%$27K$333K10xas long as short
Paradex XPL-USD-PERP+0.0095%8h0.09749−0.212%$13K$2K5xas long as short
Nado XPL-PERP+0.0100%1h0.09740−0.302%$1.4M$2.6M10xas long as short
Show all 36 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid XPL+0.0100%1h0.09781+0.117%$62.9M$47.0M10xas long as short
Aster XPLUSDT+0.0100%4h0.097700.000%$253K$527K20xas long as short
Pacifica XPL+0.0100%1h0.09745−0.254%$221K$19K10xas long as short
Binance XPLUSDT+0.0100%4h0.09775+0.048%$44.3M$104.0M75xas long as short
Bybit XPLUSDT+0.0100%4h0.097700.000%$47.3M$52.6M75xas long as short
OKX XPL-USDT-SWAP+0.0100%4h0.09772+0.020%$9.0M$53.0M50xas long as short
Gate XPL_USDT+0.0100%4h0.09768−0.020%$3.0M$4.0M75xas long as short
MEXC XPL_USDT+0.0100%4h0.09768−0.020%$12.8M$7.6M100xas long as short
KuCoin XPLUSDTM+0.0100%4h0.09766−0.041%$2.4M$1.4M50xas long as short
Bitget XPLUSDT+0.0100%4h0.09789+0.194%$8.6M$11.0M75xas long as short
BingX XPL-USDT+0.0100%4h0.09774+0.041%$7.9Mas long as short
Variational Omni XPL+0.0100%4h0.09735−0.363%$1.6M$1.9Mas long as short
GRVT XPL_USDT_Perp+0.0100%4h0.09737−0.337%$264K$782K10xas long as short
ApeX Omni XPLUSDT+0.0100%1h0.09740−0.307%$25K$86K50xas long as short
Polymarket Perps XPL-USD+0.0100%1h0.09752−0.189%$131K$2.7M10xas long as short
SunX XPL-USDT+0.0100%4h0.09750−0.205%$2K$2.0M20xas long as short
SoDEX XPL-USD+0.0100%1h0.09760−0.102%$203$10K10xas long as short
HTX XPL-USDT+0.0100%4h0.09740−0.307%$138K$245K20xas long as short
Bulk XPL-USD+0.0100%1h0.09730−0.409%$140K$11K10xas long as short
Extended XPL-USD+0.0104%1h0.09786+0.162%$656K$1.1M25xas long as short
Aevo XPL-PERPlong+0.0104%1h0.09770long leg$38K$5K3x
01 Exchange XPLUSD+0.0176%1h0.09740−0.307%$566$5825xas long as short
BloFin XPL-USDT+0.0340%4h0.09708−0.635%$1.8M$1.1M75xas long as short
Phoenix XPL+0.0485%1h0.09742−0.287%$199K$646K10xas long as short
Coinbase International XPL-PERP-INTXshort+0.0824%1h0.09787+0.174%$74K$104K50x
Kraken Futures PF_XPLUSD+0.3483%1h0.09817+0.478%$517K$933K10xas long as short