Funding arb · Price arb /

XPL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Pacifica against ApeX Omni−1.099%51s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on ApeX Omni Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

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

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

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Pacifica is 1.099% cheaper against ApeX Omni than usual: you would sell low and buy high, −$110 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni XPLUSDT	0.09840	0.0100	pay 0.0013% / 1h	54m 16s	$25K	$82K	50x
Short	Pacifica XPL	0.09732	0.0100	get 0.0013% / 1h	54m 16s	$220K	$19K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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

Position, each leg$Hold fordaysFee ApeX OmnibpFee PacificabpOrdersPrice spread, now −1.099%Rate

Funding earned: $0
Price spread: −1.099% → 0.000%: −$109.86
Slippage, 4 orders: no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$127.86
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: ApeX Omni: no order-book sample; Pacifica: live order book, 33 min ago. 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 ApeX Omni no order-book sample	—	—	—	—	—
Sell Pacifica live order book, 33 min ago	10.08 bp	20.0 bp −$20	doesn't fit	doesn't fit	doesn't fit

ApeX Omni: 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
Lighter XPL	−0.0408%	1h	0.09718	−1.240%	$4.4M	$4.2M	10x	as long as short
Backpack XPL_USDC_PERP	−0.0186%	1h	0.09793	−0.478%	$183K	$282K	10x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0066% / S +0.0476%	1h	0.09743	−0.990%	$111K	—	100x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09738	−1.032%	$8K	—	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−23.060%	—	—	—	as long as short
Deribit XPL_USDC-PERPETUAL	0.0000%	1h	0.09744	−0.976%	$47K	$18K	25x	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09741	−1.004%	$72K	—	150x	as long as short
01 Exchange XPLUSD	+0.0016%	1h	0.09787	−0.539%	$569	$582	5x	as long as short
Orderly PERP_XPL_USDC	+0.0079%	4h	0.09739	−1.026%	$27K	$333K	10x	as long as short
Paradex XPL-USD-PERP	+0.0096%	8h	0.09726	−1.154%	$13K	$2K	5x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado XPL-PERP	+0.0100%	1h	0.09717	−1.253%	$1.4M	$2.6M	10x	as long as short
Hyperliquid XPL	+0.0100%	1h	0.09728	−1.135%	$63.4M	$46.3M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09722	−1.204%	$252K	$515K	20x	as long as short
Pacifica XPLshort	+0.0100%	1h	0.09732	−1.099%	$220K	$19K	10x
Binance XPLUSDT	+0.0100%	4h	0.09739	−1.026%	$44.4M	$103.3M	75x	as long as short
Bybit XPLUSDT	+0.0100%	4h	0.09735	−1.067%	$47.0M	$52.2M	75x	as long as short
OKX XPL-USDT-SWAP	+0.0100%	4h	0.09738	−1.037%	$9.0M	$52.7M	50x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09901	+0.620%	$143K	$11K	10x	as long as short
Gate XPL_USDT	+0.0100%	4h	0.09732	−1.098%	$3.0M	$4.0M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09740	−1.016%	$13.0M	$7.6M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09719	−1.230%	$2.4M	$1.4M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09747	−0.945%	$8.6M	$11.0M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09737	−1.047%	—	$7.9M	—	as long as short
Variational Omni XPL	+0.0100%	4h	0.09837	−0.026%	$1.7M	$1.9M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09841	+0.012%	$267K	$782K	10x	as long as short
ApeX Omni XPLUSDTlong	+0.0100%	1h	0.09840	long leg	$25K	$82K	50x
Polymarket Perps XPL-USD	+0.0100%	1h	0.09728	−1.139%	$131K	$2.7M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09720	−1.220%	$2K	$2.0M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09740	−1.016%	$205	$10K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09742	−0.996%	$138K	$245K	20x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09738	−1.042%	$654K	$1.1M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09746	−0.956%	$38K	$5K	3x	as long as short
Phoenix XPL	+0.0318%	1h	0.09887	+0.478%	$202K	$646K	10x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09798	−0.427%	$1.8M	$1.2M	75x	as long as short
Coinbase International XPL-PERP-INTX	+0.0824%	1h	0.09965	+1.270%	$75K	$106K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.3472%	1h	0.09848	+0.079%	$397K	$805K	10x	as long as short