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

XPL

all XPL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC−0.0664%/8h= −72.7% APRnext payment $0.83 per $10,000 · paid last 24h −0.135%
Price spread now: GMX against Aevo+0.474%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 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
The price spread pays, funding is against you. GMX is 0.474% dearer against Aevo than usual: you sell high and buy low (spread +0.474% now, against zero (this spread has no 7-day history yet)): +$47 on $10k if it goes back. Holding the pair costs −$20 a day in funding at the current rate, which eats that in about 2.4 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAevo XPL-PERP0.096840.0104pay 0.0013% / 1h29m 18s$29K$18K3x
ShortGMX XPL/USD [WBTC.b-USDC]0.09730L −0.0195% / S +0.0560%pay 0.0070% / 1h29m 18s$112K100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GMX 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
−$139.49
Price spread: +0.474% → 0.000%
$47.4
Slippage, 4 orders
no order book: not counted
Fee Aevo: 8 bp × 2 orders
−$16
Fee GMX: 6 bp × 2 orders
−$12
Net
−$120.09
Costs to cover
0.280%
Break-even
from the start
Slippage unknown: Aevo: no order-book sample; GMX: no order-book sample. 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 GMX no order-book sample
Aevo and 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 on 35 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
Deribit XPL_USDC-PERPETUAL−0.0369%1h0.09689+0.053%$46K$18K25xas long as short
01 Exchange XPLUSD−0.0232%1h0.09709+0.259%$564$7085xas long as short
GMX XPL/USD [WBTC.b-USDC]shortL −0.0195% / S +0.0560%1h0.09730+0.474%$112K100x
Backpack XPL_USDC_PERP−0.0075%1h0.09742+0.600%$180K$244K10xas long as short
dYdX XPL-USD0.0000%1h0.09737+0.548%$8K5xas long as short
Reya XPLRUSDPERP0.0000%1h0.07571−21.820%as long as short
Orderly PERP_XPL_USDC+0.0002%4h0.09711+0.280%$29K$335K10xas long as short
gTrade (Gains Network) XPL/USDL +0.0005% / S −0.0003%1h0.09728+0.451%$60K150xas long as short
OKX XPL-USDT-SWAP+0.0050%4h0.09692+0.084%$8.4M$55.1M50xas long as short
Paradex XPL-USD-PERP+0.0058%8h0.09734+0.513%$13K$2K5xas long as short
Show all 35 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter XPL+0.0096%1h0.09678−0.061%$4.4M$4.2M10xas long as short
Nado XPL-PERP+0.0100%1h0.09713+0.300%$1.2M$2.8M10xas long as short
Hyperliquid XPL+0.0100%1h0.09716+0.331%$62.7M$47.6M10xas long as short
Aster XPLUSDT+0.0100%4h0.09713+0.296%$247K$513K20xas long as short
Pacifica XPL+0.0100%1h0.09731+0.487%$221K$47K10xas long as short
Binance XPLUSDT+0.0100%4h0.09682−0.022%$44.0M$109.9M75xas long as short
Bybit XPLUSDT+0.0100%4h0.09692+0.084%$46.7M$57.7M75xas long as short
Bulk XPL-USD+0.0100%1h0.09672−0.127%$141K$7K10xas long as short
Gate XPL_USDT+0.0100%4h0.09725+0.424%$3.0M$3.8M75xas long as short
MEXC XPL_USDT+0.0100%4h0.09730+0.476%$12.9M$7.9M100xas long as short
KuCoin XPLUSDTM+0.0100%4h0.09694+0.104%$2.3M$1.5M50xas long as short
Bitget XPLUSDT+0.0100%4h0.09685+0.011%$8.6M$11.3M75xas long as short
BingX XPL-USDT+0.0100%4h0.09719+0.362%$8.0Mas long as short
Variational Omni XPL+0.0100%4h0.09726+0.435%$1.7M$1.9Mas long as short
GRVT XPL_USDT_Perp+0.0100%4h0.09730+0.476%$266K$877K10xas long as short
ApeX Omni XPLUSDT+0.0100%1h0.09730+0.476%$25K$88K50xas long as short
Polymarket Perps XPL-USD+0.0100%1h0.09718+0.353%$130K$2.6M10xas long as short
SunX XPL-USDT+0.0100%4h0.09710+0.270%$2K$1.9M20xas long as short
SoDEX XPL-USD+0.0100%1h0.09680−0.040%$196$11K10xas long as short
HTX XPL-USDT+0.0100%4h0.09703+0.197%$143K$258K20xas long as short
Extended XPL-USD+0.0104%1h0.09685+0.008%$655K$1.1M25xas long as short
Aevo XPL-PERPlong+0.0104%1h0.09684long leg$29K$18K3x
Phoenix XPL+0.0328%1h0.09715+0.321%$197K$657K10xas long as short
Coinbase International XPL-PERP-INTX+0.0496%1h0.09766+0.848%$78K$95K50xas long as short
Kraken Futures PF_XPLUSD+0.4395%1h0.09732+0.501%$552K$1.0M10xas long as short