Funding arb · Price arb /

XPL

all XPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0236%/8h= −25.8% APRpaid last 24h −0.047%

Price spread now: 01 Exchange against Binance+0.154%7-day average — · you sell dearer than you buy

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

Long on Binance Short on 01 Exchange

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 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. 01 Exchange is 0.154% dearer against Binance than usual: you sell high and buy low (spread +0.154% now, against zero (this spread has no 7-day history yet)): +$15 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 2.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance XPLUSDT	0.09710	0.0100	pay 0.0050% / 4h	1h 52m	$43.6M	$105.9M	75x
Short	01 Exchange XPLUSD	0.09725	−0.0136	pay 0.0017% / 1h	52m 51s	$565	$708	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now +0.154%Rate

Funding earned: −$49.56
Price spread: +0.154% → 0.000%: $15.45
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: −$51.11
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 5 min ago; 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Binance live order book, 5 min ago	0.51 bp	11.8 bp −$12	25.0 bp −$250	128.9 bp −$12.9K	doesn't fit
Sell 01 Exchange no order-book sample	—	—	—	—	—

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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit XPL_USDC-PERPETUAL	−0.0471%	1h	0.09707	−0.031%	$47K	$18K	25x	as long as short
01 Exchange XPLUSDshort	−0.0136%	1h	0.09725	+0.154%	$565	$708	5x
GMX XPL/USD [WBTC.b-USDC]	L −0.0095% / S +0.0495%	1h	0.09713	+0.032%	$112K	—	100x	as long as short
Lighter XPL	−0.0056%	1h	0.09697	−0.134%	$4.4M	$4.1M	10x	as long as short
Backpack XPL_USDC_PERP	−0.0038%	1h	0.09706	−0.041%	$177K	$281K	10x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09751	+0.423%	$8K	—	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−22.033%	—	—	—	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09716	+0.060%	$72K	—	150x	as long as short
Orderly PERP_XPL_USDC	+0.0081%	4h	0.09708	−0.021%	$29K	$335K	10x	as long as short
Paradex XPL-USD-PERP	+0.0090%	8h	0.09735	+0.253%	$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	0.09731	+0.221%	$1.4M	$2.7M	10x	as long as short
Hyperliquid XPL	+0.0100%	1h	0.09717	+0.068%	$62.6M	$47.4M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09707	−0.036%	$251K	$527K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09745	+0.360%	$222K	$46K	10x	as long as short
Binance XPLUSDTlong	+0.0100%	4h	0.09710	long leg	$43.6M	$105.9M	75x
Bybit XPLUSDT	+0.0100%	4h	0.09713	+0.031%	$47.4M	$53.9M	75x	as long as short
OKX XPL-USDT-SWAP	+0.0100%	4h	0.09701	−0.093%	$8.9M	$53.2M	50x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09700	−0.101%	$140K	$10K	10x	as long as short
Gate XPL_USDT	+0.0100%	4h	0.09704	−0.062%	$3.0M	$4.0M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09705	−0.051%	$12.6M	$7.6M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09707	−0.031%	$2.4M	$1.4M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09711	+0.010%	$8.6M	$11.1M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09710	0.000%	—	$7.9M	—	as long as short
Variational Omni XPL	+0.0100%	4h	0.09767	+0.589%	$1.7M	$1.9M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09760	+0.515%	$264K	$775K	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09790	+0.824%	$25K	$87K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09738	+0.290%	$129K	$2.7M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09710	0.000%	$3K	$2.0M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09710	0.000%	$205	$10K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09771	+0.628%	$139K	$246K	20x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09702	−0.078%	$657K	$1.1M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09714	+0.038%	$38K	$5K	3x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09726	+0.165%	$1.7M	$1.2M	75x	as long as short
Phoenix XPL	+0.0412%	1h	0.09726	+0.165%	$197K	$652K	10x	as long as short
Coinbase International XPL-PERP-INTX	+0.0792%	1h	0.09794	+0.865%	$74K	$103K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.4603%	1h	0.09753	+0.444%	$513K	$953K	10x	as long as short