Funding arb · Price arb /

XPL

all XPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Pacifica against Bitget−0.051%7-day average −0.009% · you buy dearer than you sell

Net, funding: paid 7d − costs−$70as in the Funding arb table

Net, price: spread back to 7d avg − costs−$83as in the Price arb table

costs, in and out, $10k−$790.787% of the position

Long on Bitget Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.090%+$9 on $10k

Price spread, last 4 days (all we have)−0.430%−$43 · spread now −0.051%, 7d avg −0.009%

Together, before fees−0.340%+ Points / potential airdropPacifica: Active · farm board−$34 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: Pacifica is 0.043% cheaper against Bitget than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.009%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget XPLUSDT	0.09763	0.0100	pay 0.0050% / 4h	1h 01m	$8.6M	$11.1M	75x
Short	Pacifica XPL	0.09758	0.0100	get 0.0013% / 1h	1m 57s	$222K	$46K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now −0.051%Rate

Funding earned: $0
Price spread: −0.051% → −0.009%: −$4.26
Slippage, 4 orders: −$58.71
Fee Bitget: 6 bp × 2 orders: −$12
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$82.97
Costs to cover: 0.787%
Break-even: never at this rate

Slippage from Bitget: live order book, 2 min ago; Pacifica: live order book, 16 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 Bitget live order book, 2 min ago	4.10 bp	17.3 bp −$17	31.2 bp −$312	doesn't fit	doesn't fit
Sell Pacifica live order book, 16 min ago	10.29 bp	25.4 bp −$25	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
Backpack XPL_USDC_PERP	−0.0222%	1h	0.09755	−0.082%	$177K	$279K	10x	as long as short
01 Exchange XPLUSD	−0.0208%	1h	0.09747	−0.164%	$567	$708	5x	as long as short
Lighter XPL	−0.0200%	1h	0.09742	−0.215%	$4.4M	$4.1M	10x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0119% / S +0.0511%	1h	0.09753	−0.107%	$112K	—	100x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09749	−0.147%	$8K	—	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07570	−22.458%	—	—	—	as long as short
Deribit XPL_USDC-PERPETUAL	0.0000%	1h	0.09753	−0.102%	$47K	$18K	25x	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09753	−0.100%	$72K	—	150x	as long as short
Orderly PERP_XPL_USDC	+0.0068%	4h	0.09747	−0.164%	$29K	$335K	10x	as long as short
Paradex XPL-USD-PERP	+0.0086%	8h	0.09753	−0.099%	$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	0.09754	−0.092%	$1.4M	$2.6M	10x	as long as short
Hyperliquid XPL	+0.0100%	1h	0.09769	+0.057%	$63.2M	$47.7M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09760	−0.026%	$252K	$527K	20x	as long as short
Pacifica XPLshort	+0.0100%	1h	0.09758	−0.051%	$222K	$46K	10x
Binance XPLUSDT	+0.0100%	4h	0.09758	−0.051%	$44.1M	$107.2M	75x	as long as short
Bybit XPLUSDT	+0.0100%	4h	0.09758	−0.051%	$48.0M	$54.9M	75x	as long as short
OKX XPL-USDT-SWAP	+0.0100%	4h	0.09754	−0.092%	$8.9M	$54.2M	50x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09714	−0.499%	$142K	$9K	10x	as long as short
Gate XPL_USDT	+0.0100%	4h	0.09753	−0.102%	$3.0M	$4.0M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09756	−0.072%	$12.6M	$7.7M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09750	−0.133%	$2.4M	$1.5M	50x	as long as short
Bitget XPLUSDTlong	+0.0100%	4h	0.09763	long leg	$8.6M	$11.1M	75x
BingX XPL-USDT	+0.0100%	4h	0.09757	−0.061%	—	$7.9M	—	as long as short
Variational Omni XPL	+0.0100%	4h	0.09722	−0.418%	$1.7M	$1.9M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09730	−0.338%	$259K	$787K	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09730	−0.338%	$25K	$88K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09759	−0.046%	$129K	$2.7M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09730	−0.338%	$2K	$2.0M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09750	−0.133%	$449	$10K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09754	−0.092%	$138K	$246K	20x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09756	−0.076%	$656K	$1.1M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09750	−0.133%	$38K	$5K	3x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09755	−0.082%	$1.7M	$1.2M	75x	as long as short
Phoenix XPL	+0.0412%	1h	0.09734	−0.297%	$197K	$652K	10x	as long as short
Coinbase International XPL-PERP-INTX	+0.0792%	1h	0.09778	+0.154%	$72K	$104K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.4578%	1h	0.09806	+0.437%	$564K	$1.0M	10x	as long as short