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

XPL

all XPL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC−0.0100%/8h= −10.9% APRnext payment $0.13 per $10,000 · paid last 24h −0.030%
Price spread now: dYdX against ApeX Omni−0.293%50s7-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 −$3 a day on $10k at the current rate, and dYdX is 0.293% cheaper against ApeX Omni than usual: you would sell low and buy high (−$29 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni XPLUSDT0.097000.0100pay 0.0013% / 1h24m 39s$25K$86K50x
ShortdYdX XPL-USD0.096720get 0.0000% / 1h24m 39s$8K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

dYdX 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
−$21
Price spread: −0.293% → 0.000%
−$29.31
Slippage, 4 orders
no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee dYdX: 5 bp × 2 orders
−$10
Net
−$70.31
Costs to cover
0.200%
Break-even
never at this rate
Slippage unknown: ApeX Omni: no order-book sample; dYdX: 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 dYdX no order-book sample
ApeX Omni and dYdX: 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 35 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
01 Exchange XPLUSD−0.0232%1h0.09657−0.443%$561$7085xas long as short
GMX XPL/USD [WBTC.b-USDC]L −0.0197% / S +0.0562%1h0.09671−0.295%$111K100xas long as short
Deribit XPL_USDC-PERPETUAL−0.0163%1h0.09670−0.309%$46K$18K25xas long as short
Backpack XPL_USDC_PERP−0.0115%1h0.09668−0.330%$179K$245K10xas long as short
dYdX XPL-USDshort0.0000%1h0.09672−0.293%$8K5x
Reya XPLRUSDPERP0.0000%1h0.07571−21.950%as long as short
Orderly PERP_XPL_USDC+0.0001%4h0.09668−0.330%$29K$335K10xas long as short
gTrade (Gains Network) XPL/USDL +0.0005% / S −0.0003%1h0.09671−0.298%$60K150xas long as short
OKX XPL-USDT-SWAP+0.0056%4h0.09657−0.443%$8.4M$54.9M50xas long as short
Paradex XPL-USD-PERP+0.0061%8h0.09665−0.362%$13K$2K5xas long as short
Show all 35 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter XPL+0.0096%1h0.09662−0.392%$4.4M$4.2M10xas long as short
Gate XPL_USDT+0.0096%4h0.09655−0.464%$3.0M$3.8M75xas long as short
Nado XPL-PERP+0.0100%1h0.09664−0.371%$1.2M$2.8M10xas long as short
Hyperliquid XPL+0.0100%1h0.09671−0.298%$61.7M$47.7M10xas long as short
Aster XPLUSDT+0.0100%4h0.09665−0.356%$246K$513K20xas long as short
Pacifica XPL+0.0100%1h0.09671−0.299%$220K$47K10xas long as short
Binance XPLUSDT+0.0100%4h0.09656−0.454%$43.9M$110.1M75xas long as short
Bybit XPLUSDT+0.0100%4h0.09655−0.464%$46.5M$57.7M75xas long as short
Bulk XPL-USD+0.0100%1h0.09675−0.255%$141K$7K10xas long as short
MEXC XPL_USDT+0.0100%4h0.09660−0.412%$12.7M$7.9M100xas long as short
KuCoin XPLUSDTM+0.0100%4h0.09655−0.464%$2.3M$1.5M50xas long as short
Bitget XPLUSDT+0.0100%4h0.09662−0.392%$8.6M$11.3M75xas long as short
BingX XPL-USDT+0.0100%4h0.09655−0.464%$8.0Mas long as short
Variational Omni XPL+0.0100%4h0.09672−0.290%$1.7M$1.8Mas long as short
GRVT XPL_USDT_Perp+0.0100%4h0.09674−0.263%$264K$877K10xas long as short
ApeX Omni XPLUSDTlong+0.0100%1h0.09700long leg$25K$86K50x
Polymarket Perps XPL-USD+0.0100%1h0.09676−0.247%$129K$2.6M10xas long as short
SunX XPL-USDT+0.0100%4h0.09660−0.412%$2K$1.9M20xas long as short
SoDEX XPL-USD+0.0100%1h0.09660−0.412%$194$11K10xas long as short
HTX XPL-USDT+0.0100%4h0.09669−0.320%$143K$258K20xas long as short
Extended XPL-USD+0.0104%1h0.09653−0.480%$655K$1.1M25xas long as short
Aevo XPL-PERP+0.0104%1h0.09670−0.309%$29K$18K3xas long as short
Phoenix XPL+0.0328%1h0.09701+0.010%$196K$657K10xas long as short
Coinbase International XPL-PERP-INTX+0.0496%1h0.09766+0.680%$78K$95K50xas long as short
Kraken Futures PF_XPLUSD+0.4404%1h0.09712+0.122%$551K$1.0M10xas long as short