Funding arb · Price arb /

XPL

all XPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0236%/8h= −25.8% APRpaid last 24h −0.071%

Price spread now: Aevo against BloFin+0.014%53s7-day average — · you sell dearer than you buy

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

Long on BloFin Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 5 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: −$7 a day on $10k at the current rate. The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin XPL-USDT	0.09670	0.0340	pay 0.0170% / 4h	0m 06s	$1.8M	$987K	75x
Short	Aevo XPL-PERP	0.09671	0.0104	get 0.0013% / 1h	0m 06s	$29K	$18K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against BloFin. 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 BloFinbpFee AevobpOrdersPrice spread, now +0.014%Rate

Funding earned: −$49.56
Price spread: +0.014% → 0.000%: $1.45
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$76.11
Costs to cover: 0.280%
Break-even: never at this rate

Slippage unknown: BloFin: live order book, 3 min ago; Aevo: 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 BloFin live order book, 3 min ago	0.52 bp	9.0 bp −$9	18.9 bp −$189	69.3 bp −$6,925	doesn't fit
Sell Aevo no order-book sample	—	—	—	—	—

Aevo: 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
01 Exchange XPLUSD	−0.0384%	1h	0.09666	−0.041%	$562	$708	5x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0304% / S +0.0610%	1h	0.09677	+0.078%	$107K	—	100x	as long as short
Backpack XPL_USDC_PERP	−0.0147%	1h	0.09671	+0.010%	$179K	$223K	10x	as long as short
Bybit XPLUSDT	−0.0090%	4h	0.09663	−0.072%	$45.7M	$54.6M	75x	as long as short
Deribit XPL_USDC-PERPETUAL	−0.0060%	1h	0.09675	+0.052%	$46K	$18K	25x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09681	+0.115%	$9K	$585	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−21.708%	—	—	—	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09678	+0.078%	$73K	—	150x	as long as short
Orderly PERP_XPL_USDC	+0.0017%	4h	0.09669	−0.010%	$29K	$339K	10x	as long as short
Paradex XPL-USD-PERP	+0.0056%	8h	0.09670	+0.003%	$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
Gate XPL_USDT	+0.0084%	4h	0.09670	0.000%	$3.0M	$3.6M	75x	as long as short
Lighter XPL	+0.0096%	1h	0.09667	−0.031%	$4.4M	$3.3M	10x	as long as short
Nado XPL-PERP	+0.0100%	1h	0.09673	+0.036%	$1.2M	$2.6M	10x	as long as short
Hyperliquid XPL	+0.0100%	1h	0.09678	+0.087%	$61.1M	$46.9M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09681	+0.114%	$252K	$469K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09676	+0.064%	$221K	$46K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09665	−0.049%	$43.9M	$102.8M	75x	as long as short
OKX XPL-USDT-SWAP	+0.0100%	4h	0.09672	+0.021%	$8.3M	$49.5M	50x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09631	−0.400%	$140K	$5K	10x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09663	−0.072%	$12.5M	$7.8M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09664	−0.062%	$2.3M	$1.4M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09679	+0.093%	$8.8M	$10.0M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09665	−0.052%	—	$7.9M	—	as long as short
Variational Omni XPL	+0.0100%	4h	0.09669	−0.012%	$1.7M	$1.9M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09656	−0.143%	$258K	$1.0M	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09670	0.000%	$25K	$78K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09682	+0.127%	$126K	$2.0M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09650	−0.207%	$2K	$1.8M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09670	0.000%	$203	$12K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09675	+0.052%	$141K	$206K	20x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09666	−0.046%	$653K	$1.1M	25x	as long as short
Aevo XPL-PERPshort	+0.0104%	1h	0.09671	+0.014%	$29K	$18K	3x
Phoenix XPL	+0.0334%	1h	0.09670	0.000%	$196K	$617K	10x	as long as short
BloFin XPL-USDTlong	+0.0340%	4h	0.09670	long leg	$1.8M	$987K	75x
Coinbase International XPL-PERP-INTX	+0.0616%	1h	0.09698	+0.290%	$75K	$84K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.3284%	1h	0.09715	+0.465%	$551K	$977K	10x	as long as short