Funding arb · Price arb /

XPL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.021%

Price spread now: GRVT against Aevo+0.139%7-day average — · you sell dearer than you buy

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

Long on Aevo Short on GRVT

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—+ Points / potential airdropGRVT: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: GRVT is 0.139% dearer against Aevo than usual: you sell high and buy low, +$14 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo XPL-PERP	0.09746	0.0104	pay 0.0013% / 1h	50m 59s	$38K	$5K	3x
Short	GRVT XPL_USDT_Perp	0.09760	0.0100	get 0.0050% / 4h	2h 50m	$265K	$782K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now +0.139%Rate

Funding earned: −$0.84
Price spread: +0.139% → 0.000%: $13.9
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$11.94
Costs to cover: 0.250%
Break-even: never at this rate

Slippage unknown: Aevo: no order-book sample; GRVT: live order book, 37 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 GRVT live order book, 37 min ago	5.05 bp	145.0 bp −$145	308.5 bp −$3,085	doesn't fit	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
Lighter XPL	−0.0248%	1h	0.09724	−0.229%	$4.4M	$4.2M	10x	as long as short
Backpack XPL_USDC_PERP	−0.0215%	1h	0.09740	−0.065%	$180K	$283K	10x	as long as short
Deribit XPL_USDC-PERPETUAL	−0.0160%	1h	0.09745	−0.013%	$47K	$18K	25x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0066% / S +0.0477%	1h	0.09745	−0.008%	$112K	—	100x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09729	−0.179%	$8K	—	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−22.321%	—	—	—	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09744	−0.021%	$72K	—	150x	as long as short
Orderly PERP_XPL_USDC	+0.0079%	4h	0.09743	−0.034%	$27K	$333K	10x	as long as short
Paradex XPL-USD-PERP	+0.0095%	8h	0.09732	−0.145%	$13K	$2K	5x	as long as short
Nado XPL-PERP	+0.0100%	1h	0.09734	−0.124%	$1.4M	$2.6M	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	0.09738	−0.080%	$63.0M	$46.8M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09741	−0.050%	$252K	$527K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09731	−0.153%	$220K	$19K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09734	−0.126%	$44.4M	$103.8M	75x	as long as short
Bybit XPLUSDT	+0.0100%	4h	0.09726	−0.208%	$47.0M	$52.5M	75x	as long as short
OKX XPL-USDT-SWAP	+0.0100%	4h	0.09730	−0.167%	$9.0M	$52.8M	50x	as long as short
Gate XPL_USDT	+0.0100%	4h	0.09730	−0.167%	$3.0M	$4.0M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09735	−0.116%	$12.8M	$7.6M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09729	−0.178%	$2.4M	$1.4M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09739	−0.075%	$8.6M	$11.0M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09731	−0.157%	—	$7.9M	—	as long as short
Variational Omni XPL	+0.0100%	4h	0.09837	+0.935%	$1.7M	$1.9M	—	as long as short
GRVT XPL_USDT_Perpshort	+0.0100%	4h	0.09760	+0.139%	$265K	$782K	10x
ApeX Omni XPLUSDT	+0.0100%	1h	0.09720	−0.270%	$25K	$84K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09743	−0.038%	$131K	$2.7M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09730	−0.167%	$3K	$2.0M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09730	−0.167%	$207	$10K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09702	−0.455%	$138K	$245K	20x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09730	−0.167%	$140K	$11K	10x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09735	−0.119%	$653K	$1.1M	25x	as long as short
Aevo XPL-PERPlong	+0.0104%	1h	0.09746	long leg	$38K	$5K	3x
BloFin XPL-USDT	+0.0340%	4h	0.09737	−0.095%	$1.8M	$1.2M	75x	as long as short
01 Exchange XPLUSD	+0.0344%	1h	0.09730	−0.167%	$566	$582	5x	as long as short
Phoenix XPL	+0.0485%	1h	0.09742	−0.044%	$199K	$646K	10x	as long as short
Coinbase International XPL-PERP-INTX	+0.0824%	1h	0.09965	+2.244%	$75K	$106K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.3476%	1h	0.09838	+0.944%	$488K	$898K	10x	as long as short