Funding arb · Price arb /

XPL

all XPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0340%/8h= −37.2% APRpaid last 24h −0.102%

Price spread now: dYdX against BloFin+0.052%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 dYdX

What this pair did over the last

the charts below follow

Funding, last 6 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 pays, funding is against you. dYdX is 0.052% dearer against BloFin than usual: you sell high and buy low (spread +0.052% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 12 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin XPL-USDT	0.09654	0.0340	pay 0.0170% / 4h	2h 16m	$1.7M	$946K	75x
Short	dYdX XPL-USD	0.09659	0	get 0.0000% / 1h	16m 49s	$9K	$600	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now +0.052%Rate

Funding earned: −$71.4
Price spread: +0.052% → 0.000%: $5.25
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$88.15
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: BloFin: live order book, 6 min ago; dYdX: 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, 6 min ago	1.04 bp	10.4 bp −$10	17.2 bp −$172	65.0 bp −$6,503	doesn't fit
Sell dYdX no order-book sample	—	—	—	—	—

dYdX: 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	−0.0272%	1h	0.09651	−0.031%	$561	$708	5x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0234% / S +0.0570%	1h	0.09651	−0.030%	$107K	—	100x	as long as short
Deribit XPL_USDC-PERPETUAL	−0.0164%	1h	0.09647	−0.073%	$46K	$18K	25x	as long as short
dYdX XPL-USDshort	0.0000%	1h	0.09659	+0.052%	$9K	$600	5x
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−21.579%	—	—	—	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09655	+0.007%	$73K	—	150x	as long as short
Orderly PERP_XPL_USDC	+0.0007%	4h	0.09643	−0.114%	$29K	$306K	10x	as long as short
Lighter XPL	+0.0024%	1h	0.09636	−0.186%	$4.4M	$3.0M	10x	as long as short
Paradex XPL-USD-PERP	+0.0065%	8h	0.09660	+0.057%	$13K	$696	5x	as long as short
Nado XPL-PERP	+0.0100%	1h	0.09652	−0.026%	$1.2M	$2.3M	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	0.09656	+0.018%	$61.0M	$46.4M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09648	−0.062%	$254K	$426K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09667	+0.129%	$221K	$47K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09639	−0.155%	$43.6M	$99.7M	75x	as long as short
Bybit XPLUSDT	+0.0100%	4h	0.09638	−0.166%	$45.7M	$53.8M	75x	as long as short
OKX XPL-USDT-SWAP	+0.0100%	4h	0.09639	−0.155%	$8.1M	$48.6M	50x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09581	−0.752%	$140K	$0	10x	as long as short
Gate XPL_USDT	+0.0100%	4h	0.09647	−0.073%	$3.1M	$3.4M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09636	−0.186%	$12.4M	$6.9M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09633	−0.218%	$2.3M	$1.3M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09648	−0.062%	$9.2M	$9.7M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09639	−0.155%	—	$7.8M	—	as long as short
Backpack XPL_USDC_PERP	+0.0100%	1h	0.09647	−0.073%	$175K	$189K	10x	as long as short
Variational Omni XPL	+0.0100%	4h	0.09604	−0.520%	$1.7M	$1.9M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09637	−0.176%	$258K	$1.1M	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09660	+0.062%	$25K	$77K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09663	+0.093%	$126K	$1.9M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09630	−0.249%	$3K	$1.7M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09640	−0.145%	$203	$12K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09632	−0.228%	$137K	$191K	20x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09630	−0.244%	$606K	$1.2M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09645	−0.093%	$29K	$18K	3x	as long as short
Phoenix XPL	+0.0251%	1h	0.09657	+0.031%	$196K	$536K	10x	as long as short
BloFin XPL-USDTlong	+0.0340%	4h	0.09654	long leg	$1.7M	$946K	75x
Coinbase International XPL-PERP-INTX	+0.0592%	1h	0.09704	+0.518%	$67K	$90K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.2871%	1h	0.09684	+0.310%	$550K	$958K	10x	as long as short