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

XPL

all XPL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC+0.0492%/8h= +53.9% APRnext payment +$0.61 per $10,000 · paid last 24h +0.198%
Price spread now: Coinbase International against ApeX Omni+0.942%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 7 days+0.022%+$2 on $10k
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 +$15 a day on $10k at the current rate, and Coinbase International is 0.942% dearer against ApeX Omni than usual: you sell high and buy low: +$94 more if the spread goes back to zero (this spread has no 7-day history yet).
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.022% in total (about 1.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.61 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni XPLUSDT0.095500.0100pay 0.0013% / 1h38m 41s$25K$77K50x
ShortCoinbase International XPL-PERP-INTX0.096400.0592get 0.0074% / 1h38m 41s$67K$90K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International 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
$103.32
Price spread: +0.942% → 0.000%
$94.24
Slippage, 4 orders
no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
$177.56
Costs to cover
0.200%
Break-even
from the start
Slippage unknown: ApeX Omni: no order-book sample; Coinbase International: 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 Coinbase International no order-book sample
ApeX Omni and Coinbase International: 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−0.0274%1h0.09535−0.157%$46K$18K25xas long as short
01 Exchange XPLUSD−0.0240%1h0.09537−0.136%$554$7085xas long as short
GMX XPL/USD [WBTC.b-USDC]L −0.0234% / S +0.0570%1h0.09536−0.147%$105K100xas long as short
Lighter XPL−0.0024%1h0.09533−0.178%$4.3M$3.0M10xas long as short
dYdX XPL-USD0.0000%1h0.09545−0.057%$9K$6005xas long as short
Reya XPLRUSDPERP0.0000%1h0.07571−20.724%as long as short
gTrade (Gains Network) XPL/USDL +0.0005% / S −0.0004%1h0.09536−0.148%$72K150xas long as short
Backpack XPL_USDC_PERP+0.0011%1h0.09533−0.178%$173K$190K10xas long as short
Orderly PERP_XPL_USDC+0.0015%4h0.09530−0.209%$29K$320K10xas long as short
Paradex XPL-USD-PERP+0.0064%8h0.09536−0.151%$12K$6965xas long as short
Show all 36 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Nado XPL-PERP+0.0100%1h0.09519−0.322%$1.2M$2.4M10xas long as short
Hyperliquid XPL+0.0100%1h0.09554+0.041%$60.3M$46.4M10xas long as short
Aster XPLUSDT+0.0100%4h0.09550+0.004%$247K$430K20xas long as short
Pacifica XPL+0.0100%1h0.09549−0.016%$218K$47K10xas long as short
Binance XPLUSDT+0.0100%4h0.09549−0.010%$43.3M$100.3M75xas long as short
Bybit XPLUSDT+0.0100%4h0.09536−0.147%$45.2M$54.3M75xas long as short
OKX XPL-USDT-SWAP+0.0100%4h0.09538−0.126%$8.1M$48.1M50xas long as short
Bulk XPL-USD+0.0100%1h0.09565+0.162%$139K$010xas long as short
Gate XPL_USDT+0.0100%4h0.09538−0.126%$3.0M$3.4M75xas long as short
MEXC XPL_USDT+0.0100%4h0.09536−0.147%$12.3M$6.9M100xas long as short
KuCoin XPLUSDTM+0.0100%4h0.09540−0.105%$2.3M$1.4M50xas long as short
Bitget XPLUSDT+0.0100%4h0.09546−0.042%$9.1M$9.7M75xas long as short
BingX XPL-USDT+0.0100%4h0.09537−0.136%$7.8Mas long as short
Variational Omni XPL+0.0100%4h0.09544−0.058%$1.7M$1.9Mas long as short
GRVT XPL_USDT_Perp+0.0100%4h0.09537−0.141%$257K$1.1M10xas long as short
ApeX Omni XPLUSDTlong+0.0100%1h0.09550long leg$25K$77K50x
Polymarket Perps XPL-USD+0.0100%1h0.09533−0.175%$125K$2.0M10xas long as short
SunX XPL-USDT+0.0100%4h0.09500−0.524%$3K$1.7M20xas long as short
SoDEX XPL-USD+0.0100%1h0.09530−0.209%$198$12K10xas long as short
HTX XPL-USDT+0.0100%4h0.09532−0.188%$139K$184K20xas long as short
Extended XPL-USD+0.0104%1h0.09536−0.151%$632K$1.2M25xas long as short
Aevo XPL-PERP+0.0104%1h0.09531−0.200%$28K$18K3xas long as short
Phoenix XPL+0.0251%1h0.09575+0.262%$194K$536K10xas long as short
BloFin XPL-USDT+0.0340%4h0.09518−0.335%$1.7M$940K75xas long as short
Coinbase International XPL-PERP-INTXshort+0.0592%1h0.09640+0.942%$67K$90K50x
Kraken Futures PF_XPLUSD+0.2909%1h0.09557+0.077%$543K$988K10xas long as short