Funding arb · Price arb /

XPL

all XPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.001%

Price spread now: Nado against Binance+0.074%48s7-day average +0.004% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$370.372% of the position

Long on Binance Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.001%$0 on $10k

Price spread, last 3 days (all we have)+0.272%+$27 · spread now +0.074%, 7d avg +0.004%

Together, before fees+0.271%+ Points / potential airdropNado: Active · farm board+$27 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Nado is 0.070% dearer against Binance than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.004%. The two prices were read 48 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	Binance XPLUSDT	0.09749	0.0100	pay 0.0050% / 4h	2h 35m	$44.1M	$104.3M	75x
Short	Nado XPL-PERP	0.09756	0.0100	get 0.0012% / 1h	35m 43s	$1.4M	$2.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Binance. 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 BinancebpFee NadobpOrdersPrice spread, now +0.074%Rate

Funding earned: $0
Price spread: +0.074% → +0.004%: $7
Slippage, 4 orders: −$20.17
Fee Binance: 5 bp × 2 orders: −$10
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$30.17
Costs to cover: 0.372%
Break-even: never at this rate

Slippage from Binance: live order book, 7 min ago; Nado: live order book, 3 min ago.

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 Binance live order book, 7 min ago	0.51 bp	9.5 bp −$9	23.7 bp −$237	125.9 bp −$12.6K	doesn't fit
Sell Nado live order book, 3 min ago	1.03 bp	9.0 bp −$9	17.0 bp −$170	doesn't fit	doesn't fit

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	−0.0120%	1h	0.09745	−0.041%	$4.4M	$4.3M	10x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0074% / S +0.0482%	1h	0.09760	+0.111%	$112K	—	100x	as long as short
Deribit XPL_USDC-PERPETUAL	−0.0057%	1h	0.09756	+0.071%	$47K	$18K	25x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09750	+0.011%	$8K	—	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−22.345%	—	—	—	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09759	+0.103%	$72K	—	150x	as long as short
01 Exchange XPLUSD	+0.0008%	1h	0.09762	+0.133%	$568	$582	5x	as long as short
Backpack XPL_USDC_PERP	+0.0013%	1h	0.09755	+0.061%	$178K	$283K	10x	as long as short
Orderly PERP_XPL_USDC	+0.0082%	4h	0.09752	+0.030%	$27K	$333K	10x	as long as short
Paradex XPL-USD-PERP	+0.0094%	8h	0.09744	−0.047%	$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-PERPshort	+0.0100%	1h	0.09756	+0.074%	$1.4M	$2.6M	10x
Hyperliquid XPL	+0.0100%	1h	0.09768	+0.191%	$62.8M	$47.1M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09757	+0.079%	$252K	$527K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09750	+0.010%	$221K	$45K	10x	as long as short
Binance XPLUSDTlong	+0.0100%	4h	0.09749	long leg	$44.1M	$104.3M	75x
Bybit XPLUSDT	+0.0100%	4h	0.09746	−0.031%	$47.6M	$53.2M	75x	as long as short
OKX XPL-USDT-SWAP	+0.0100%	4h	0.09750	+0.010%	$9.0M	$53.0M	50x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09822	+0.753%	$142K	$11K	10x	as long as short
Gate XPL_USDT	+0.0100%	4h	0.09750	+0.010%	$3.0M	$4.0M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09753	+0.041%	$12.7M	$7.6M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09749	0.000%	$2.4M	$1.4M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09756	+0.071%	$8.6M	$11.0M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09755	+0.061%	—	$7.9M	—	as long as short
Variational Omni XPL	+0.0100%	4h	0.09799	+0.513%	$1.7M	$1.9M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09789	+0.408%	$265K	$786K	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09790	+0.420%	$25K	$86K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09766	+0.174%	$130K	$2.7M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09740	−0.093%	$3K	$2.0M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09750	+0.010%	$207	$10K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09756	+0.071%	$138K	$245K	20x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09752	+0.032%	$656K	$1.1M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09756	+0.068%	$38K	$5K	3x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09759	+0.102%	$1.8M	$1.2M	75x	as long as short
Phoenix XPL	+0.0485%	1h	0.09766	+0.174%	$197K	$646K	10x	as long as short
Coinbase International XPL-PERP-INTX	+0.0824%	1h	0.09844	+0.974%	$74K	$105K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.3486%	1h	0.09809	+0.612%	$516K	$939K	10x	as long as short