Settings8H · net · $10k
Funding arb · Price arb /

XPL

all XPL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC−0.0376%/8h= −41.2% APRnext payment $0.47 per $10,000 · paid last 24h −0.231%
Price spread now: dYdX against Coinbase International−0.541%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and dYdX is 0.541% cheaper against Coinbase International than usual: you would sell low and buy high (−$54 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongCoinbase International XPL-PERP-INTX0.099800.0376pay 0.0047% / 1h13m 09s$74K$97K50x
ShortdYdX XPL-USD0.099260get 0.0000% / 1h13m 09s$8K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

dYdX against Coinbase International. 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

Funding earned
−$78.96
Price spread: −0.541% → 0.000%
−$54.13
Slippage, 4 orders
no order book: not counted
Fee Coinbase International: 5 bp × 2 orders
−$10
Fee dYdX: 5 bp × 2 orders
−$10
Net
−$153.09
Costs to cover
0.200%
Break-even
never at this rate
Slippage unknown: Coinbase International: no order-book sample; 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
LegHalf-spread$10k$100k$1M$5M
Buy Coinbase International no order-book sample
Sell dYdX no order-book sample
Coinbase International and 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Deribit XPL_USDC-PERPETUAL−0.0254%1h0.09924−0.561%$48K$18K25xas long as short
01 Exchange XPLUSD−0.0200%1h0.09909−0.711%$576$7085xas long as short
GMX XPL/USD [WBTC.b-USDC]L −0.0172% / S +0.0546%1h0.09929−0.506%$114K100xas long as short
Lighter XPL0.0000%1h0.09905−0.752%$4.5M$4.2M10xas long as short
dYdX XPL-USDshort0.0000%1h0.09926−0.541%$8K5x
Reya XPLRUSDPERP0.0000%1h0.07570−24.143%as long as short
gTrade (Gains Network) XPL/USDL +0.0005% / S −0.0003%1h0.09929−0.516%$79K150xas long as short
Orderly PERP_XPL_USDC+0.0020%4h0.09921−0.591%$30K$335K10xas long as short
Paradex XPL-USD-PERP+0.0044%8h0.09923−0.567%$13K$2K5xas long as short
OKX XPL-USDT-SWAP+0.0088%4h0.09901−0.792%$8.8M$56.2M50xas long as short
Show all 36 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Nado XPL-PERP+0.0100%1h0.09920−0.606%$1.5M$2.6M10xas long as short
Aster XPLUSDT+0.0100%4h0.09930−0.503%$257K$537K20xas long as short
Pacifica XPL+0.0100%1h0.09929−0.512%$226K$46K10xas long as short
Binance XPLUSDT+0.0100%4h0.09911−0.692%$45.4M$108.9M75xas long as short
Bybit XPLUSDT+0.0100%4h0.09904−0.762%$48.1M$56.1M75xas long as short
Bulk XPL-USD+0.0100%1h0.09870−1.102%$144K$2K10xas long as short
Gate XPL_USDT+0.0100%4h0.09918−0.621%$3.1M$4.0M75xas long as short
MEXC XPL_USDT+0.0100%4h0.09907−0.731%$13.2M$7.7M100xas long as short
KuCoin XPLUSDTM+0.0100%4h0.09925−0.551%$2.5M$1.5M50xas long as short
Bitget XPLUSDT+0.0100%4h0.09911−0.691%$8.9M$11.2M75xas long as short
BingX XPL-USDT+0.0100%4h0.09903−0.772%$7.9Mas long as short
Backpack XPL_USDC_PERP+0.0100%1h0.09914−0.661%$185K$254K10xas long as short
Variational Omni XPL+0.0100%4h0.09912−0.682%$1.8M$2.0Mas long as short
GRVT XPL_USDT_Perp+0.0100%4h0.09905−0.756%$263K$844K10xas long as short
ApeX Omni XPLUSDT+0.0100%1h0.09940−0.401%$26K$89K50xas long as short
Polymarket Perps XPL-USD+0.0100%1h0.09929−0.514%$133K$2.7M10xas long as short
SunX XPL-USDT+0.0100%4h0.09910−0.701%$2K$2.0M20xas long as short
SoDEX XPL-USD+0.0100%1h0.09910−0.701%$498$11K10xas long as short
HTX XPL-USDT+0.0100%4h0.09929−0.511%$144K$243K20xas long as short
Extended XPL-USD+0.0104%1h0.09921−0.595%$673K$1.1M25xas long as short
Aevo XPL-PERP+0.0104%1h0.09926−0.537%$29K$18K3xas long as short
Phoenix XPL+0.0163%1h0.09925−0.551%$201K$655K10xas long as short
Hyperliquid XPL+0.0190%1h0.09924−0.564%$64.4M$47.1M10xas long as short
BloFin XPL-USDT+0.0340%4h0.09925−0.551%$1.8M$1.2M75xas long as short
Coinbase International XPL-PERP-INTXlong+0.0376%1h0.09980long leg$74K$97K50x
Kraken Futures PF_XPLUSD+0.4992%1h0.09965−0.149%$576K$1.0M10xas long as short