Funding arb · Price arb /

XPL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0097%/8h= −10.6% APRpaid last 24h −0.029%

Price spread now: gTrade (Gains Network) against Bitget+0.008%7-day average — · you sell dearer than you buy

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

Long on Bitget Short on gTrade (Gains Network)

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 sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget XPLUSDT	0.09732	0.0100	pay 0.0050% / 4h	2h 31m	$8.6M	$11.3M	75x
Short	gTrade (Gains Network) XPL/USD	0.09733	L +0.0005% / S −0.0003%	get 0.0000% / 1h	31m 06s	$60K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against Bitget. 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 BitgetbpFee gTrade (Gains Network)bpOrdersPrice spread, now +0.008%Rate

Funding earned: −$20.34
Price spread: +0.008% → 0.000%: $0.75
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$41.59
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Bitget: live order book, 2 min ago; gTrade (Gains Network): 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 Bitget live order book, 2 min ago	2.57 bp	17.0 bp −$17	35.0 bp −$350	doesn't fit	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): 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 35 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	−0.0232%	1h	0.09733	+0.010%	$566	$708	5x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0194% / S +0.0560%	1h	0.09733	+0.009%	$112K	—	100x	as long as short
Backpack XPL_USDC_PERP	−0.0079%	1h	0.09729	−0.031%	$180K	$244K	10x	as long as short
Deribit XPL_USDC-PERPETUAL	−0.0058%	1h	0.09730	−0.021%	$47K	$18K	25x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09739	+0.067%	$8K	—	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−22.207%	—	—	—	as long as short
Orderly PERP_XPL_USDC	+0.0003%	4h	0.09727	−0.051%	$29K	$335K	10x	as long as short
gTrade (Gains Network) XPL/USDshort	L +0.0005% / S −0.0003%	1h	0.09733	+0.008%	$60K	—	150x
OKX XPL-USDT-SWAP	+0.0054%	4h	0.09729	−0.031%	$8.4M	$55.3M	50x	as long as short
Paradex XPL-USD-PERP	+0.0058%	8h	0.09731	−0.015%	$13K	$2K	5x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter XPL	+0.0096%	1h	0.09714	−0.185%	$4.4M	$4.2M	10x	as long as short
Hyperliquid XPL	+0.0100%	1h	0.09739	+0.071%	$63.0M	$47.5M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09732	+0.004%	$247K	$526K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09737	+0.051%	$221K	$47K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09729	−0.031%	$44.3M	$109.8M	75x	as long as short
Bybit XPLUSDT	+0.0100%	4h	0.09725	−0.072%	$46.9M	$57.7M	75x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09672	−0.620%	$141K	$7K	10x	as long as short
Gate XPL_USDT	+0.0100%	4h	0.09723	−0.092%	$3.0M	$3.8M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09727	−0.051%	$12.9M	$7.9M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09714	−0.185%	$2.3M	$1.5M	50x	as long as short
Bitget XPLUSDTlong	+0.0100%	4h	0.09732	long leg	$8.6M	$11.3M	75x
BingX XPL-USDT	+0.0100%	4h	0.09722	−0.103%	—	$8.0M	—	as long as short
Variational Omni XPL	+0.0100%	4h	0.09726	−0.062%	$1.7M	$1.9M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09730	−0.021%	$266K	$877K	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09720	−0.123%	$25K	$90K	50x	as long as short
Nado XPL-PERP	+0.0100%	1h	0.09727	−0.046%	$1.2M	$2.8M	10x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09744	+0.121%	$130K	$2.6M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09730	−0.021%	$3K	$1.9M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09720	−0.123%	$196	$11K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09744	+0.123%	$144K	$257K	20x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09720	−0.124%	$659K	$1.1M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09726	−0.064%	$29K	$18K	3x	as long as short
Phoenix XPL	+0.0328%	1h	0.09715	−0.175%	$197K	$657K	10x	as long as short
Coinbase International XPL-PERP-INTX	+0.0496%	1h	0.09766	+0.349%	$78K	$95K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.4381%	1h	0.09763	+0.318%	$554K	$1.0M	10x	as long as short