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

XPL

all XPL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 10:00 UTC−0.0020%/8h= −2.2% APRnext payment $0.02 per $10,000 · paid last 24h +0.001%
Price spread now: Aevo against ApeX Omni−0.158%7-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 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 against this trade now: funding costs −$1 a day on $10k at the current rate, and Aevo is 0.158% cheaper against ApeX Omni than usual: you would sell low and buy high (−$16 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni XPLUSDT0.095000.0100pay 0.0013% / 1h59m 01s$25K$68K50x
ShortAevo XPL-PERP0.094850.0080get 0.0010% / 1h59m 01s$28K$18K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aevo against ApeX Omni. 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
−$4.2
Price spread: −0.158% → 0.000%
−$15.79
Slippage, 4 orders
no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Aevo: 8 bp × 2 orders
−$16
Net
−$45.99
Costs to cover
0.260%
Break-even
never at this rate
Slippage unknown: ApeX Omni: no order-book sample; Aevo: 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 ApeX Omni no order-book sample
Sell Aevo no order-book sample
ApeX Omni and 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 exchanges

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−0.0776%1h0.09487−0.137%$4.3M$3.0M10xas long as short
01 Exchange XPLUSD−0.0496%1h0.09489−0.116%$552$8735xas long as short
GMX XPL/USD [WBTC.b-USDC]L −0.0412% / S +0.0674%1h0.09499−0.006%$105K100xas long as short
Deribit XPL_USDC-PERPETUAL−0.0382%1h0.09494−0.063%$47K$18K25xas long as short
Bybit XPLUSDT−0.0252%4h0.09488−0.126%$44.9M$52.1M75xas long as short
Extended XPL-USD−0.0144%1h0.09490−0.107%$601K$1.1M25xas long as short
Paradex XPL-USD-PERP−0.0108%8h0.09492−0.082%$12K$6965xas long as short
Orderly PERP_XPL_USDC−0.0083%4h0.09491−0.095%$30K$185K10xas long as short
OKX XPL-USDT-SWAP−0.0057%4h0.09491−0.095%$7.5M$46.4M50xas long as short
Binance XPLUSDT−0.0021%4h0.09490−0.105%$43.6M$95.7M75xas long as short
Show all 36 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC XPL_USDT−0.0020%4h0.09490−0.105%$13.4M$6.3M100xas long as short
dYdX XPL-USD0.0000%1h0.09508+0.082%$9K$6005xas long as short
Reya XPLRUSDPERP0.0000%1h0.07571−20.309%as long as short
gTrade (Gains Network) XPL/USDL +0.0005% / S −0.0004%1h0.09496−0.037%$72K150xas long as short
Gate XPL_USDT+0.0018%4h0.09501+0.011%$2.9M$3.2M75xas long as short
Aevo XPL-PERPshort+0.0080%1h0.09485−0.158%$28K$18K3x
Hyperliquid XPL+0.0100%1h0.09503+0.036%$60.3M$42.1M10xas long as short
Aster XPLUSDT+0.0100%4h0.09499−0.014%$253K$361K20xas long as short
Pacifica XPL+0.0100%1h0.09508+0.083%$217K$46K10xas long as short
KuCoin XPLUSDTM+0.0100%4h0.09493−0.074%$2.5M$1.4M50xas long as short
Bitget XPLUSDT+0.0100%4h0.09501+0.011%$8.9M$9.9M75xas long as short
BingX XPL-USDT+0.0100%4h0.09490−0.105%$7.7Mas long as short
Backpack XPL_USDC_PERP+0.0100%1h0.09498−0.021%$179K$170K10xas long as short
Variational Omni XPL+0.0100%4h0.09489−0.113%$1.7M$1.7Mas long as short
GRVT XPL_USDT_Perp+0.0100%4h0.09509+0.093%$253K$1.3M10xas long as short
ApeX Omni XPLUSDTlong+0.0100%1h0.09500long leg$25K$68K50x
Nado XPL-PERP+0.0100%1h0.09500−0.003%$1.2M$2.2M10xas long as short
Polymarket Perps XPL-USD+0.0100%1h0.09502+0.021%$125K$1.2M10xas long as short
SunX XPL-USDT+0.0100%4h0.09480−0.211%$3K$1.5M20xas long as short
SoDEX XPL-USD+0.0100%1h0.09490−0.105%$180$9K10xas long as short
HTX XPL-USDT+0.0100%4h0.09492−0.084%$132K$204K20xas long as short
Bulk XPL-USD+0.0100%1h0.09497−0.027%$138K$5K10xas long as short
Phoenix XPL+0.0166%1h0.09514+0.147%$192K$434K10xas long as short
BloFin XPL-USDT+0.0219%4h0.09494−0.063%$1.7M$829K75xas long as short
Coinbase International XPL-PERP-INTX+0.0712%1h0.09538+0.400%$64K$91K50xas long as short
Kraken Futures PF_XPLUSD+0.1344%1h0.09521+0.222%$544K$977K10xas long as short