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

XPL

all XPL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0100%/8h= +10.9% APRnext payment +$0.13 per $10,000 · paid last 24h +0.063%
Price spread now: ApeX Omni against Deribit+0.525%74s7-day average · you sell dearer than you buy
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 for this trade now. Funding pays +$3 a day on $10k at the current rate, and ApeX Omni is 0.525% dearer against Deribit than usual: you sell high and buy low: +$53 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 74 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongDeribit XPL_USDC-PERPETUAL0.095200get 0.0000% / 1h49m 44s$46K$18K25x
ShortApeX Omni XPLUSDT0.095700.0100get 0.0013% / 1h49m 44s$25K$80K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against Deribit. 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
$21
Price spread: +0.525% → 0.000%
$52.52
Slippage, 4 orders
no order book: not counted
Fee Deribit: 3.5 bp × 2 orders
−$7
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
$56.52
Costs to cover
0.170%
Break-even
from the start
Slippage unknown: Deribit: no order-book sample; 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
LegHalf-spread$10k$100k$1M$5M
Buy Deribit no order-book sample
Sell ApeX Omni no order-book sample
Deribit and 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
01 Exchange XPLUSD−0.0320%1h0.09513−0.074%$553$7085xas long as short
GMX XPL/USD [WBTC.b-USDC]L −0.0289% / S +0.0601%1h0.09521+0.011%$105K100xas long as short
Bybit XPLUSDT−0.0114%4h0.09505−0.158%$45.0M$55.6M75xas long as short
Backpack XPL_USDC_PERP−0.0108%1h0.095200.000%$176K$227K10xas long as short
dYdX XPL-USD0.0000%1h0.09525+0.057%$8K5xas long as short
Reya XPLRUSDPERP0.0000%1h0.07571−20.475%as long as short
Deribit XPL_USDC-PERPETUALlong0.0000%1h0.09520long leg$46K$18K25x
Orderly PERP_XPL_USDC+0.0004%4h0.09518−0.021%$29K$335K10xas long as short
gTrade (Gains Network) XPL/USDL +0.0005% / S −0.0004%1h0.09521+0.008%$72K150xas long as short
Paradex XPL-USD-PERP+0.0071%8h0.09515−0.051%$12K$2K5xas long as short
Show all 36 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter XPL+0.0096%1h0.09510−0.105%$4.3M$3.3M10xas long as short
OKX XPL-USDT-SWAP+0.0097%4h0.09512−0.084%$8.2M$49.5M50xas long as short
Nado XPL-PERP+0.0100%1h0.09515−0.047%$1.2M$2.7M10xas long as short
Hyperliquid XPL+0.0100%1h0.09530+0.109%$59.7M$47.1M10xas long as short
Aster XPLUSDT+0.0100%4h0.09520−0.003%$241K$477K20xas long as short
Pacifica XPL+0.0100%1h0.095200.000%$217K$46K10xas long as short
Binance XPLUSDT+0.0100%4h0.09516−0.042%$43.2M$105.1M75xas long as short
Gate XPL_USDT+0.0100%4h0.09516−0.042%$3.0M$3.5M75xas long as short
MEXC XPL_USDT+0.0100%4h0.09516−0.042%$12.3M$7.7M100xas long as short
KuCoin XPLUSDTM+0.0100%4h0.09524+0.042%$2.3M$1.4M50xas long as short
Bitget XPLUSDT+0.0100%4h0.09518−0.021%$8.5M$10.3M75xas long as short
BingX XPL-USDT+0.0100%4h0.09517−0.032%$7.9Mas long as short
Variational Omni XPL+0.0100%4h0.09518−0.023%$1.7M$1.8Mas long as short
GRVT XPL_USDT_Perp+0.0100%4h0.09541+0.217%$254K$955K10xas long as short
ApeX Omni XPLUSDTshort+0.0100%1h0.09570+0.525%$25K$80K50x
Polymarket Perps XPL-USD+0.0100%1h0.09528+0.084%$127K$2.1M10xas long as short
SunX XPL-USDT+0.0100%4h0.09500−0.210%$2K$1.8M20xas long as short
SoDEX XPL-USD+0.0100%1h0.095200.000%$2K$11K10xas long as short
HTX XPL-USDT+0.0100%4h0.09534+0.147%$143K$236K20xas long as short
Bulk XPL-USD+0.0100%1h0.09565+0.473%$139K$5K10xas long as short
Extended XPL-USD+0.0104%1h0.09512−0.084%$646K$1.1M25xas long as short
Aevo XPL-PERP+0.0104%1h0.095200.000%$28K$18K3xas long as short
Phoenix XPL+0.0334%1h0.09568+0.504%$194K$617K10xas long as short
BloFin XPL-USDT+0.0340%4h0.09528+0.084%$1.7M$983K75xas long as short
Coinbase International XPL-PERP-INTX+0.0616%1h0.09606+0.903%$74K$86K50xas long as short
Kraken Futures PF_XPLUSD+0.3338%1h0.09556+0.375%$541K$977K10xas long as short