Funding arb · Price arb /

XPL

all XPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: SunX against Binance−0.217%7-day average −0.171% · you buy dearer than you sell

Net, funding: paid 7d − costs−$304as in the Funding arb table

Net, price: spread back to 7d avg − costs−$311as in the Price arb table

costs, in and out, $10k−$3073.068% of the position

Long on Binance Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.024%+$2 on $10k

Price spread, last 4 days (all we have)−0.098%−$10 · spread now −0.217%, 7d avg −0.171%

Together, before fees−0.074%−$7 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: SunX is 0.046% cheaper against Binance than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.171%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance XPLUSDT	0.09671	0.0100	pay 0.0050% / 4h	1h 59m	$43.8M	$98.3M	75x
Short	SunX XPL-USDT	0.09650	0.0100	get 0.0050% / 4h	1h 59m	$3K	$1.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.217%Rate

Funding earned: $0
Price spread: −0.217% → −0.171%: −$4.62
Slippage, 4 orders: −$288.79
Fee Binance: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$311.41
Costs to cover: 3.068%
Break-even: never at this rate

Slippage from Binance: live order book, 13 min ago; SunX: live order book, 6 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, 13 min ago	1.55 bp	10.4 bp −$10	23.4 bp −$234	128.3 bp −$12.8K	doesn't fit
Sell SunX live order book, 6 min ago	31.06 bp	138.4 bp −$138	doesn't fit	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
01 Exchange XPLUSD	−0.0448%	1h	0.09665	−0.062%	$562	$708	5x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0313% / S +0.0615%	1h	0.09678	+0.077%	$107K	—	100x	as long as short
Deribit XPL_USDC-PERPETUAL	−0.0267%	1h	0.09673	+0.021%	$46K	$18K	25x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09679	+0.084%	$9K	$600	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−21.715%	—	—	—	as long as short
Orderly PERP_XPL_USDC	+0.0005%	4h	0.09671	0.000%	$29K	$282K	10x	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09678	+0.072%	$73K	—	150x	as long as short
Lighter XPL	+0.0048%	1h	0.09667	−0.041%	$4.4M	$3.0M	10x	as long as short
Paradex XPL-USD-PERP	+0.0055%	8h	0.09668	−0.029%	$13K	$696	5x	as long as short
Nado XPL-PERP	+0.0100%	1h	0.09671	0.000%	$1.2M	$2.2M	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid XPL	+0.0100%	1h	0.09687	+0.166%	$61.3M	$46.4M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09681	+0.108%	$254K	$426K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09680	+0.089%	$221K	$46K	10x	as long as short
Binance XPLUSDTlong	+0.0100%	4h	0.09671	long leg	$43.8M	$98.3M	75x
Bybit XPLUSDT	+0.0100%	4h	0.09670	−0.010%	$45.9M	$53.6M	75x	as long as short
OKX XPL-USDT-SWAP	+0.0100%	4h	0.09669	−0.021%	$8.0M	$48.6M	50x	as long as short
Gate XPL_USDT	+0.0100%	4h	0.09673	+0.021%	$3.1M	$3.3M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09672	+0.010%	$12.7M	$6.8M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09675	+0.041%	$2.3M	$1.3M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09683	+0.124%	$8.9M	$9.7M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09673	+0.021%	—	$7.8M	—	as long as short
Backpack XPL_USDC_PERP	+0.0100%	1h	0.09672	+0.010%	$176K	$189K	10x	as long as short
Variational Omni XPL	+0.0100%	4h	0.09671	−0.003%	$1.7M	$1.9M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09670	−0.010%	$260K	$1.2M	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09680	+0.093%	$25K	$77K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09685	+0.146%	$127K	$1.8M	10x	as long as short
SunX XPL-USDTshort	+0.0100%	4h	0.09650	−0.217%	$3K	$1.7M	20x
SoDEX XPL-USD	+0.0100%	1h	0.09670	−0.010%	$202	$12K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09681	+0.103%	$138K	$187K	20x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09676	+0.052%	$141K	$0	10x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09670	−0.008%	$609K	$1.2M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09670	−0.005%	$29K	$18K	3x	as long as short
Phoenix XPL	+0.0251%	1h	0.09691	+0.207%	$196K	$536K	10x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09670	−0.010%	$1.7M	$942K	75x	as long as short
Coinbase International XPL-PERP-INTX	+0.0592%	1h	0.09718	+0.486%	$66K	$92K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.2863%	1h	0.09709	+0.390%	$552K	$953K	10x	as long as short