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

XPL

all XPL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 09:00 UTC+0.2584%/8h= +283.0% APRnext payment +$3.23 per $10,000 · paid last 24h +0.690%
Price spread now: Kraken Futures against Aevo+0.257%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 +$78 a day on $10k at the current rate, and Kraken Futures is 0.257% dearer against Aevo than usual: you sell high and buy low: +$26 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAevo XPL-PERP0.096230.0104pay 0.0013% / 1h14m 43s$29K$18K3x
ShortKraken Futures PF_XPLUSD0.096480.2688get 0.0336% / 1h14m 43s$547K$965K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Kraken Futures 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
$542.7
Price spread: +0.257% → 0.000%
$25.67
Slippage, 4 orders
no order book: not counted
Fee Aevo: 8 bp × 2 orders
−$16
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
$542.38
Costs to cover
0.260%
Break-even
0.0 days
Slippage unknown: Aevo: no order-book sample; Kraken Futures: live order book, 14 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 Kraken Futures live order book, 14 min ago36.19 bp55.3 bp −$55760.2 bp −$7,602doesn'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−0.1112%1h0.09602−0.221%$4.4M$3.2M10xas long as short
Bybit XPLUSDT−0.0458%4h0.09616−0.076%$45.6M$54.1M75xas long as short
01 Exchange XPLUSD−0.0424%1h0.09605−0.190%$558$8735xas long as short
GMX XPL/USD [WBTC.b-USDC]L −0.0311% / S +0.0615%1h0.09618−0.052%$106K100xas long as short
Deribit XPL_USDC-PERPETUAL−0.0166%1h0.09619−0.045%$46K$17K25xas long as short
Paradex XPL-USD-PERP−0.0120%8h0.09620−0.033%$13K$6965xas long as short
OKX XPL-USDT-SWAP−0.0063%4h0.09615−0.086%$7.6M$47.8M50xas long as short
Orderly PERP_XPL_USDC−0.0035%4h0.09614−0.097%$30K$235K10xas long as short
dYdX XPL-USD0.0000%1h0.09619−0.044%$9K$6005xas long as short
Reya XPLRUSDPERP0.0000%1h0.07571−21.328%as long as short
Show all 36 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) XPL/USDL +0.0005% / S −0.0004%1h0.09622−0.009%$73K150xas long as short
Extended XPL-USD+0.0032%1h0.09616−0.071%$618K$1.2M25xas long as short
Gate XPL_USDT+0.0050%4h0.09624+0.007%$2.9M$3.3M75xas long as short
MEXC XPL_USDT+0.0090%4h0.09617−0.065%$13.2M$6.6M100xas long as short
Binance XPLUSDT+0.0090%4h0.09618−0.055%$43.9M$98.2M75xas long as short
Nado XPL-PERP+0.0100%1h0.09610−0.133%$1.2M$2.2M10xas long as short
Hyperliquid XPL+0.0100%1h0.09631+0.083%$60.9M$45.7M10xas long as short
Aster XPLUSDT+0.0100%4h0.09622−0.014%$255K$399K20xas long as short
Pacifica XPL+0.0100%1h0.09624+0.012%$220K$47K10xas long as short
KuCoin XPLUSDTM+0.0100%4h0.09610−0.138%$2.3M$1.3M50xas long as short
Bitget XPLUSDT+0.0100%4h0.09631+0.080%$9.1M$9.9M75xas long as short
BingX XPL-USDT+0.0100%4h0.09619−0.045%$7.7Mas long as short
Backpack XPL_USDC_PERP+0.0100%1h0.09613−0.107%$183K$181K10xas long as short
Variational Omni XPL+0.0100%4h0.09613−0.111%$1.7M$1.9Mas long as short
GRVT XPL_USDT_Perp+0.0100%4h0.09570−0.554%$256K$1.3M10xas long as short
ApeX Omni XPLUSDT+0.0100%1h0.09600−0.242%$25K$73K50xas long as short
Polymarket Perps XPL-USD+0.0100%1h0.09620−0.039%$126K$1.7M10xas long as short
SunX XPL-USDT+0.0100%4h0.09600−0.242%$3K$1.6M20xas long as short
SoDEX XPL-USD+0.0100%1h0.09610−0.138%$190$9K10xas long as short
HTX XPL-USDT+0.0100%4h0.09615−0.086%$133K$214K20xas long as short
Bulk XPL-USD+0.0100%1h0.09570−0.554%$139K$010xas long as short
Aevo XPL-PERPlong+0.0104%1h0.09623long leg$29K$18K3x
Phoenix XPL+0.0251%1h0.09601−0.232%$194K$494K10xas long as short
BloFin XPL-USDT+0.0332%4h0.09613−0.107%$1.7M$956K75xas long as short
Coinbase International XPL-PERP-INTX+0.0536%1h0.09640+0.174%$64K$92K50xas long as short
Kraken Futures PF_XPLUSDshort+0.2688%1h0.09648+0.257%$547K$965K10x