Funding arb · Price arb /

XPL

all XPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0692%/8h= −75.8% APRpaid last 24h −0.148%

Price spread now: 01 Exchange against BloFin+0.073%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 01 Exchange

What this pair did over the last

the charts below follow

Funding, last 4 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. 01 Exchange is 0.073% dearer against BloFin than usual: you sell high and buy low (spread +0.073% now, against zero (this spread has no 7-day history yet)): +$7 on $10k if it goes back. Holding the pair costs −$21 a day in funding at the current rate, which eats that in about 8 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin XPL-USDT	0.09554	0.0340	pay 0.0170% / 4h	3h 58m	$1.7M	$929K	75x
Short	01 Exchange XPLUSD	0.09561	−0.0352	pay 0.0044% / 1h	58m 23s	$556	$873	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now +0.073%Rate

Funding earned: −$145.32
Price spread: +0.073% → 0.000%: $7.33
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: −$156.99
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: BloFin: live order book, 9 min ago; 01 Exchange: 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, 9 min ago	1.57 bp	9.8 bp −$10	19.0 bp −$190	72.0 bp −$7,196	doesn't fit
Sell 01 Exchange no order-book sample	—	—	—	—	—

01 Exchange: 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	−0.1568%	1h	0.09542	−0.126%	$4.3M	$3.1M	10x	as long as short
Bybit XPLUSDT	−0.1298%	4h	0.09559	+0.052%	$45.5M	$53.8M	75x	as long as short
Gate XPL_USDT	−0.0370%	4h	0.09557	+0.031%	$2.9M	$3.3M	75x	as long as short
01 Exchange XPLUSDshort	−0.0352%	1h	0.09561	+0.073%	$556	$873	5x
GMX XPL/USD [WBTC.b-USDC]	L −0.0234% / S +0.0570%	1h	0.09564	+0.109%	$106K	—	100x	as long as short
Deribit XPL_USDC-PERPETUAL	−0.0168%	1h	0.09559	+0.052%	$46K	$18K	25x	as long as short
Paradex XPL-USD-PERP	−0.0057%	8h	0.09556	+0.026%	$12K	$696	5x	as long as short
Orderly PERP_XPL_USDC	−0.0027%	4h	0.09558	+0.042%	$30K	$277K	10x	as long as short
Backpack XPL_USDC_PERP	−0.0026%	1h	0.09558	+0.042%	$179K	$180K	10x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09569	+0.159%	$9K	$600	5x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−20.757%	—	—	—	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09567	+0.133%	$72K	—	150x	as long as short
OKX XPL-USDT-SWAP	+0.0012%	4h	0.09556	+0.021%	$7.7M	$47.6M	50x	as long as short
Nado XPL-PERP	+0.0100%	1h	0.09564	+0.110%	$1.3M	$2.2M	10x	as long as short
Hyperliquid XPL	+0.0100%	1h	0.09581	+0.278%	$60.6M	$46.1M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09566	+0.121%	$253K	$406K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09560	+0.063%	$219K	$46K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09558	+0.042%	$43.3M	$97.7M	75x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09555	+0.010%	$139K	$0	10x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09558	+0.042%	$12.4M	$6.5M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09561	+0.073%	$2.3M	$1.2M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09568	+0.147%	$9.0M	$9.8M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09558	+0.042%	—	$7.8M	—	as long as short
Variational Omni XPL	+0.0100%	4h	0.09567	+0.138%	$1.7M	$1.9M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09565	+0.118%	$256K	$1.3M	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09580	+0.272%	$25K	$75K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09574	+0.204%	$125K	$1.7M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09530	−0.251%	$3K	$1.6M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09550	−0.042%	$195	$9K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09525	−0.304%	$131K	$212K	20x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09560	+0.058%	$595K	$1.1M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09547	−0.073%	$28K	$18K	3x	as long as short
Phoenix XPL	+0.0249%	1h	0.09576	+0.230%	$194K	$493K	10x	as long as short
BloFin XPL-USDTlong	+0.0340%	4h	0.09554	long leg	$1.7M	$929K	75x
Coinbase International XPL-PERP-INTX	+0.0536%	1h	0.09596	+0.440%	$64K	$92K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.2705%	1h	0.09589	+0.369%	$541K	$940K	10x	as long as short