Funding arb · Price arb /

XPL

all XPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0240%/8h= −26.3% APRpaid last 24h −0.072%

Price spread now: ApeX Omni against BloFin+0.214%7-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 ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.433%−$43 on $10k

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. ApeX Omni is 0.214% dearer against BloFin than usual: you sell high and buy low (spread +0.214% now, against zero (this spread has no 7-day history yet)): +$21 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 3.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin XPL-USDT	0.09799	0.0340	pay 0.0170% / 4h	51m 07s	$1.8M	$1.2M	75x
Short	ApeX Omni XPLUSDT	0.09820	0.0100	get 0.0013% / 1h	51m 07s	$25K	$88K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni 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 ApeX OmnibpOrdersPrice spread, now +0.214%Rate

Funding earned: −$50.4
Price spread: +0.214% → 0.000%: $21.43
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$50.97
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: BloFin: live order book, 2 min ago; ApeX Omni: 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, 2 min ago	3.06 bp	11.1 bp −$11	21.5 bp −$215	62.6 bp −$6,260	doesn't fit
Sell ApeX Omni no order-book sample	—	—	—	—	—

ApeX Omni: 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
Lighter XPL	−0.0376%	1h	0.09786	−0.133%	$4.4M	$4.1M	10x	as long as short
01 Exchange XPLUSD	−0.0256%	1h	0.09801	+0.020%	$570	$708	5x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0125% / S +0.0515%	1h	0.09804	+0.047%	$113K	—	100x	as long as short
Deribit XPL_USDC-PERPETUAL	−0.0056%	1h	0.09802	+0.031%	$47K	$18K	25x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09808	+0.093%	$8K	—	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−22.742%	—	—	—	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09804	+0.048%	$72K	—	150x	as long as short
Orderly PERP_XPL_USDC	+0.0063%	4h	0.09797	−0.020%	$29K	$335K	10x	as long as short
Paradex XPL-USD-PERP	+0.0082%	8h	0.09802	+0.027%	$13K	$2K	5x	as long as short
Nado XPL-PERP	+0.0100%	1h	0.09802	+0.033%	$1.4M	$2.6M	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid XPL	+0.0100%	1h	0.09809	+0.097%	$63.4M	$47.9M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09801	+0.024%	$254K	$527K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09811	+0.120%	$223K	$46K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09795	−0.045%	$44.4M	$107.7M	75x	as long as short
Bybit XPLUSDT	+0.0100%	4h	0.09795	−0.041%	$48.1M	$55.0M	75x	as long as short
OKX XPL-USDT-SWAP	+0.0100%	4h	0.09792	−0.071%	$8.9M	$54.5M	50x	as long as short
Gate XPL_USDT	+0.0100%	4h	0.09798	−0.010%	$3.0M	$4.0M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09794	−0.051%	$12.8M	$7.6M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09792	−0.071%	$2.4M	$1.5M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09804	+0.051%	$8.7M	$11.1M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09795	−0.041%	—	$7.9M	—	as long as short
Backpack XPL_USDC_PERP	+0.0100%	1h	0.09799	0.000%	$178K	$279K	10x	as long as short
Variational Omni XPL	+0.0100%	4h	0.09788	−0.110%	$1.7M	$1.9M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09812	+0.131%	$261K	$787K	10x	as long as short
ApeX Omni XPLUSDTshort	+0.0100%	1h	0.09820	+0.214%	$25K	$88K	50x
Polymarket Perps XPL-USD	+0.0100%	1h	0.09810	+0.107%	$131K	$2.7M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09780	−0.194%	$2K	$2.0M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09800	+0.010%	$451	$10K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09811	+0.122%	$139K	$246K	20x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09790	−0.092%	$143K	$9K	10x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09797	−0.025%	$660K	$1.1M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09800	+0.010%	$38K	$5K	3x	as long as short
Phoenix XPL	+0.0327%	1h	0.09824	+0.255%	$199K	$651K	10x	as long as short
BloFin XPL-USDTlong	+0.0340%	4h	0.09799	long leg	$1.8M	$1.2M	75x
Coinbase International XPL-PERP-INTX	+0.0568%	1h	0.09825	+0.265%	$72K	$97K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.5067%	1h	0.09853	+0.556%	$567K	$1.0M	10x	as long as short