Funding arb · Price arb /

XPL

all XPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: SunX against BingX−0.093%7-day average −0.149% · you buy dearer than you sell

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

Long on BingX Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.006%+$1 on $10k

Price spread, last 4 days (all we have)−0.456%−$46 · spread now −0.093%, 7d avg −0.149%

Together, before fees−0.451%−$45 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 0.056% dearer against BingX than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.149%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX XPL-USDT	0.09639	0.0100	pay 0.0050% / 4h	1h 15m	—	$8.0M	—
Short	SunX XPL-USDT	0.09630	0.0100	get 0.0050% / 4h	1h 15m	$3K	$1.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against BingX. 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 BingXbpFee SunXbpOrdersPrice spread, now −0.093%Rate

Funding earned: $0
Price spread: −0.093% → −0.149%: $5.56
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$12.44
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: BingX: live order book, 2 min ago; SunX: live order book, 10 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 BingX live order book, 2 min ago	5.18 bp	14.8 bp −$15	25.6 bp −$256	82.0 bp −$8,200	doesn't fit
Sell SunX live order book, 10 min ago	504.95 bp	doesn't fit	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	−0.0376%	1h	0.09648	+0.093%	$561	$708	5x	as long as short
Backpack XPL_USDC_PERP	−0.0274%	1h	0.09655	+0.166%	$179K	$230K	10x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0265% / S +0.0586%	1h	0.09658	+0.201%	$106K	—	100x	as long as short
Bybit XPLUSDT	−0.0082%	4h	0.09633	−0.062%	$45.7M	$56.7M	75x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09644	+0.053%	$8K	—	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−21.458%	—	—	—	as long as short
Deribit XPL_USDC-PERPETUAL	0.0000%	1h	0.09656	+0.176%	$46K	$18K	25x	as long as short
Orderly PERP_XPL_USDC	0.0000%	4h	0.09651	+0.124%	$29K	$335K	10x	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09658	+0.202%	$73K	—	150x	as long as short
OKX XPL-USDT-SWAP	+0.0062%	4h	0.09640	+0.010%	$8.3M	$52.7M	50x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex XPL-USD-PERP	+0.0064%	8h	0.09641	+0.026%	$13K	$2K	5x	as long as short
Lighter XPL	+0.0096%	1h	0.09634	−0.052%	$4.4M	$4.2M	10x	as long as short
Gate XPL_USDT	+0.0098%	4h	0.09653	+0.145%	$3.0M	$3.8M	75x	as long as short
Nado XPL-PERP	+0.0100%	1h	0.09655	+0.169%	$1.2M	$2.8M	10x	as long as short
Hyperliquid XPL	+0.0100%	1h	0.09655	+0.167%	$60.6M	$48.2M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09657	+0.188%	$245K	$497K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09645	+0.063%	$220K	$48K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09639	0.000%	$43.6M	$108.4M	75x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09610	−0.301%	$140K	$5K	10x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09638	−0.010%	$12.5M	$7.9M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09648	+0.093%	$2.3M	$1.5M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09645	+0.062%	$8.6M	$11.1M	75x	as long as short
BingX XPL-USDTlong	+0.0100%	4h	0.09639	long leg	—	$8.0M	—
Variational Omni XPL	+0.0100%	4h	0.09645	+0.058%	$1.7M	$1.8M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09638	−0.006%	$261K	$922K	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09660	+0.218%	$25K	$83K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09664	+0.257%	$128K	$2.6M	10x	as long as short
SunX XPL-USDTshort	+0.0100%	4h	0.09630	−0.093%	$3K	$1.9M	20x
SoDEX XPL-USD	+0.0100%	1h	0.09650	+0.114%	$2K	$11K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09659	+0.207%	$145K	$263K	20x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09637	−0.021%	$636K	$1.1M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09655	+0.166%	$29K	$18K	3x	as long as short
Phoenix XPL	+0.0248%	1h	0.09660	+0.218%	$196K	$629K	10x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09649	+0.104%	$1.7M	$1.0M	75x	as long as short
Coinbase International XPL-PERP-INTX	+0.0672%	1h	0.09670	+0.322%	$75K	$93K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.3547%	1h	0.09692	+0.552%	$550K	$1.0M	10x	as long as short