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

XPL

all XPL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC−0.0316%/8h= −34.6% APRnext payment $0.39 per $10,000 · paid last 24h −0.047%
Price spread now: 01 Exchange against ApeX Omni−0.072%55s7-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 0.072% cheaper against ApeX Omni than usual: you would sell low and buy high (−$7 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni XPLUSDT0.097200.0100pay 0.0013% / 1h10m 23s$25K$88K50x
Short01 Exchange XPLUSD0.09713−0.0216pay 0.0027% / 1h10m 23s$565$7085x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

01 Exchange 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
−$66.36
Price spread: −0.072% → 0.000%
−$7.2
Slippage, 4 orders
no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Net
−$90.56
Costs to cover
0.170%
Break-even
never at this rate
Slippage unknown: ApeX Omni: 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 ApeX Omni no order-book sample
Sell 01 Exchange no order-book sample
ApeX Omni 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
Backpack XPL_USDC_PERP−0.0292%1h0.09712−0.082%$177K$282K10xas long as short
01 Exchange XPLUSDshort−0.0216%1h0.09713−0.072%$565$7085x
Lighter XPL−0.0208%1h0.09701−0.195%$4.4M$4.1M10xas long as short
GMX XPL/USD [WBTC.b-USDC]L −0.0115% / S +0.0509%1h0.09713−0.076%$112K100xas long as short
dYdX XPL-USD0.0000%1h0.09710−0.102%$8K5xas long as short
Reya XPLRUSDPERP0.0000%1h0.07571−22.114%as long as short
Deribit XPL_USDC-PERPETUAL0.0000%1h0.09711−0.093%$47K$18K25xas long as short
gTrade (Gains Network) XPL/USDL +0.0005% / S −0.0004%1h0.09712−0.081%$72K150xas long as short
Orderly PERP_XPL_USDC+0.0071%4h0.09705−0.154%$29K$335K10xas long as short
Paradex XPL-USD-PERP+0.0085%8h0.09707−0.136%$13K$2K5xas long as short
Show all 36 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Nado XPL-PERP+0.0100%1h0.09710−0.103%$1.4M$2.6M10xas long as short
Hyperliquid XPL+0.0100%1h0.09727+0.070%$62.9M$47.8M10xas long as short
Aster XPLUSDT+0.0100%4h0.09715−0.056%$251K$527K20xas long as short
Pacifica XPL+0.0100%1h0.09714−0.058%$221K$46K10xas long as short
Binance XPLUSDT+0.0100%4h0.09711−0.093%$43.9M$107.0M75xas long as short
Bybit XPLUSDT+0.0100%4h0.09711−0.093%$47.8M$54.9M75xas long as short
OKX XPL-USDT-SWAP+0.0100%4h0.09709−0.113%$8.9M$53.9M50xas long as short
Bulk XPL-USD+0.0100%1h0.09714−0.059%$142K$9K10xas long as short
Gate XPL_USDT+0.0100%4h0.09710−0.103%$3.0M$4.0M75xas long as short
MEXC XPL_USDT+0.0100%4h0.09712−0.082%$12.5M$7.7M100xas long as short
KuCoin XPLUSDTM+0.0100%4h0.09712−0.082%$2.4M$1.5M50xas long as short
Bitget XPLUSDT+0.0100%4h0.09717−0.031%$8.6M$11.1M75xas long as short
BingX XPL-USDT+0.0100%4h0.09711−0.093%$7.9Mas long as short
Variational Omni XPL+0.0100%4h0.09719−0.007%$1.7M$1.9Mas long as short
GRVT XPL_USDT_Perp+0.0100%4h0.09717−0.032%$259K$787K10xas long as short
ApeX Omni XPLUSDTlong+0.0100%1h0.09720long leg$25K$88K50x
Polymarket Perps XPL-USD+0.0100%1h0.097200.000%$129K$2.7M10xas long as short
SunX XPL-USDT+0.0100%4h0.09690−0.309%$3K$2.0M20xas long as short
SoDEX XPL-USD+0.0100%1h0.09710−0.103%$447$10K10xas long as short
HTX XPL-USDT+0.0100%4h0.097200.000%$138K$246K20xas long as short
Extended XPL-USD+0.0104%1h0.09708−0.123%$656K$1.1M25xas long as short
Aevo XPL-PERP+0.0104%1h0.09711−0.097%$38K$5K3xas long as short
BloFin XPL-USDT+0.0340%4h0.09716−0.041%$1.7M$1.1M75xas long as short
Phoenix XPL+0.0412%1h0.09730+0.103%$197K$652K10xas long as short
Coinbase International XPL-PERP-INTX+0.0792%1h0.09760+0.412%$72K$104K50xas long as short
Kraken Futures PF_XPLUSD+0.4597%1h0.09765+0.468%$560K$995K10xas long as short