Funding arb · Price arb /

XPL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0104%/8h= −11.4% APRnext payment −$0.13 per $10,000 · paid last 24h —

Price spread now: Reya against Aevo−21.385%7-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 Reya

What this pair did over the last

the charts below follow

Funding, last 7 days—no history yet

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

Together, before fees—+ Points / potential airdropReya: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Reya is 21.385% cheaper against Aevo than usual: you would sell low and buy high (−$2,138 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo XPL-PERP	0.09630	0.0104	pay 0.0013% / 1h	10m 19s	$29K	$18K	3x
Short	Reya XPLRUSDPERP	0.07571	0	get 0.0000% / 1h	10m 19s	—	—	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya 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 ReyabpOrdersPrice spread, now −21.385%Rate

Funding earned: −$21.84
Price spread: −21.385% → 0.000%: −$2,138.46
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Reya: 3 bp × 2 orders: −$6
Net: −$2,182.3
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Aevo: no order-book sample; Reya: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Aevo no order-book sample	—	—	—	—	—
Sell Reya no order-book sample	—	—	—	—	—

Aevo and Reya: 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
Deribit XPL_USDC-PERPETUAL	−0.0373%	1h	0.09632	+0.021%	$46K	$18K	25x	as long as short
01 Exchange XPLUSD	−0.0368%	1h	0.09626	−0.042%	$560	$708	5x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0304% / S +0.0610%	1h	0.09636	+0.059%	$106K	—	100x	as long as short
Backpack XPL_USDC_PERP	−0.0059%	1h	0.09643	+0.135%	$176K	$190K	10x	as long as short
Bybit XPLUSDT	−0.0003%	4h	0.09629	−0.010%	$45.6M	$54.0M	75x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09648	+0.184%	$9K	$585	5x	as long as short
Reya XPLRUSDPERPshort	0.0000%	1h	0.07571	−21.385%	—	—	—
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09638	+0.079%	$73K	—	150x	as long as short
Orderly PERP_XPL_USDC	+0.0009%	4h	0.09627	−0.031%	$29K	$339K	10x	as long as short
Lighter XPL	+0.0032%	1h	0.09624	−0.062%	$4.4M	$3.0M	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex XPL-USD-PERP	+0.0048%	8h	0.09633	+0.029%	$13K	$696	5x	as long as short
Hyperliquid XPL	+0.0100%	1h	0.09644	+0.141%	$61.2M	$46.6M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09638	+0.080%	$251K	$422K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09640	+0.104%	$220K	$46K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09631	+0.010%	$43.7M	$100.8M	75x	as long as short
OKX XPL-USDT-SWAP	+0.0100%	4h	0.09629	−0.010%	$8.2M	$48.5M	50x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09650	+0.208%	$141K	$5K	10x	as long as short
Gate XPL_USDT	+0.0100%	4h	0.09635	+0.052%	$3.1M	$3.5M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09628	−0.021%	$12.7M	$7.1M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09640	+0.104%	$2.3M	$1.4M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09643	+0.135%	$9.1M	$9.7M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09630	0.000%	—	$7.8M	—	as long as short
Variational Omni XPL	+0.0100%	4h	0.09633	+0.028%	$1.7M	$1.9M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09655	+0.262%	$260K	$1.1M	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09670	+0.415%	$25K	$78K	50x	as long as short
Nado XPL-PERP	+0.0100%	1h	0.09635	+0.047%	$1.2M	$2.4M	10x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09640	+0.107%	$128K	$1.9M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09620	−0.104%	$3K	$1.7M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09630	0.000%	$200	$12K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09634	+0.042%	$141K	$185K	20x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09627	−0.035%	$653K	$1.1M	25x	as long as short
Aevo XPL-PERPlong	+0.0104%	1h	0.09630	long leg	$29K	$18K	3x
Phoenix XPL	+0.0248%	1h	0.09670	+0.415%	$196K	$573K	10x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09639	+0.093%	$1.8M	$959K	75x	as long as short
Coinbase International XPL-PERP-INTX	+0.0640%	1h	0.09708	+0.810%	$75K	$76K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.3116%	1h	0.09665	+0.365%	$550K	$990K	10x	as long as short