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

XPL

all XPL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC−0.0296%/8h= −32.4% APRnext payment $0.37 per $10,000 · paid last 24h −0.050%
Price spread now: 01 Exchange against Aevo−0.181%45s7-day average · you buy dearer than you sell
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
Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and 01 Exchange is 0.181% cheaper against Aevo than usual: you would sell low and buy high (−$18 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 45 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAevo XPL-PERP0.099300.0104pay 0.0013% / 1h15m 34s$29K$18K3x
Short01 Exchange XPLUSD0.09912−0.0192pay 0.0024% / 1h15m 34s$576$7085x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

01 Exchange 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
−$62.16
Price spread: −0.181% → 0.000%
−$18.13
Slippage, 4 orders
no order book: not counted
Fee Aevo: 8 bp × 2 orders
−$16
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Net
−$103.29
Costs to cover
0.230%
Break-even
never at this rate
Slippage unknown: Aevo: no order-book sample; 01 Exchange: 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 01 Exchange no order-book sample
Aevo and 01 Exchange: 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
Deribit XPL_USDC-PERPETUAL−0.0254%1h0.09919−0.111%$48K$18K25xas long as short
01 Exchange XPLUSDshort−0.0192%1h0.09912−0.181%$576$7085x
GMX XPL/USD [WBTC.b-USDC]L −0.0171% / S +0.0545%1h0.09913−0.175%$114K100xas long as short
dYdX XPL-USD0.0000%1h0.09934+0.042%$8K5xas long as short
Reya XPLRUSDPERP0.0000%1h0.07571−23.761%as long as short
gTrade (Gains Network) XPL/USDL +0.0005% / S −0.0003%1h0.09913−0.171%$77K150xas long as short
Lighter XPL+0.0008%1h0.09919−0.111%$4.5M$4.2M10xas long as short
Orderly PERP_XPL_USDC+0.0022%4h0.09915−0.151%$30K$335K10xas long as short
Paradex XPL-USD-PERP+0.0049%8h0.09926−0.038%$13K$2K5xas long as short
OKX XPL-USDT-SWAP+0.0099%4h0.09919−0.111%$8.8M$56.2M50xas long as short
Show all 36 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Nado XPL-PERP+0.0100%1h0.09927−0.030%$1.5M$2.6M10xas long as short
Aster XPLUSDT+0.0100%4h0.09934+0.043%$257K$534K20xas long as short
Pacifica XPL+0.0100%1h0.09936+0.057%$226K$46K10xas long as short
Binance XPLUSDT+0.0100%4h0.09927−0.030%$45.4M$108.9M75xas long as short
Bybit XPLUSDT+0.0100%4h0.09927−0.030%$48.2M$56.1M75xas long as short
Bulk XPL-USD+0.0100%1h0.09870−0.604%$144K$2K10xas long as short
Gate XPL_USDT+0.0100%4h0.09927−0.030%$3.1M$4.0M75xas long as short
MEXC XPL_USDT+0.0100%4h0.09921−0.091%$13.1M$7.7M100xas long as short
KuCoin XPLUSDTM+0.0100%4h0.09923−0.070%$2.4M$1.5M50xas long as short
Bitget XPLUSDT+0.0100%4h0.09935+0.050%$8.9M$11.2M75xas long as short
BingX XPL-USDT+0.0100%4h0.09924−0.060%$7.9Mas long as short
Backpack XPL_USDC_PERP+0.0100%1h0.09927−0.030%$186K$263K10xas long as short
Variational Omni XPL+0.0100%4h0.09912−0.182%$1.8M$2.0Mas long as short
GRVT XPL_USDT_Perp+0.0100%4h0.09914−0.161%$263K$844K10xas long as short
ApeX Omni XPLUSDT+0.0100%1h0.09910−0.201%$26K$89K50xas long as short
Polymarket Perps XPL-USD+0.0100%1h0.09936+0.062%$133K$2.7M10xas long as short
SunX XPL-USDT+0.0100%4h0.09900−0.302%$3K$2.0M20xas long as short
SoDEX XPL-USD+0.0100%1h0.09920−0.101%$202$10K10xas long as short
HTX XPL-USDT+0.0100%4h0.09878−0.524%$143K$243K20xas long as short
Extended XPL-USD+0.0104%1h0.09925−0.052%$673K$1.1M25xas long as short
Aevo XPL-PERPlong+0.0104%1h0.09930long leg$29K$18K3x
Phoenix XPL+0.0163%1h0.09918−0.121%$201K$655K10xas long as short
Hyperliquid XPL+0.0199%1h0.09942+0.116%$64.5M$47.1M10xas long as short
BloFin XPL-USDT+0.0340%4h0.09897−0.332%$1.8M$1.2M75xas long as short
Coinbase International XPL-PERP-INTX+0.0376%1h0.09980+0.504%$74K$97K50xas long as short
Kraken Futures PF_XPLUSD+0.4990%1h0.09970+0.401%$576K$1.0M10xas long as short