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

XPL

all XPL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC+0.0592%/8h= +64.8% APRnext payment +$0.74 per $10,000 · paid last 24h +0.228%
Price spread now: Coinbase International against dYdX+1.000%7-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 6 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 +$18 a day on $10k at the current rate, and Coinbase International is 1.000% dearer against dYdX than usual: you sell high and buy low: +$100 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongdYdX XPL-USD0.095450get 0.0000% / 1h38m 26s$9K$6005x
ShortCoinbase International XPL-PERP-INTX0.096400.0592get 0.0074% / 1h38m 26s$67K$90K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International against dYdX. 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
$124.32
Price spread: +1.000% → 0.000%
$99.99
Slippage, 4 orders
no order book: not counted
Fee dYdX: 5 bp × 2 orders
−$10
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
$204.31
Costs to cover
0.200%
Break-even
from the start
Slippage unknown: dYdX: no order-book sample; Coinbase International: 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 dYdX no order-book sample
Sell Coinbase International no order-book sample
dYdX and Coinbase International: 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−0.0274%1h0.09535−0.100%$46K$18K25xas long as short
01 Exchange XPLUSD−0.0240%1h0.09537−0.079%$554$7085xas long as short
GMX XPL/USD [WBTC.b-USDC]L −0.0234% / S +0.0570%1h0.09551+0.071%$105K100xas long as short
Lighter XPL−0.0024%1h0.09533−0.121%$4.3M$3.0M10xas long as short
dYdX XPL-USDlong0.0000%1h0.09545long leg$9K$6005x
Reya XPLRUSDPERP0.0000%1h0.07571−20.679%as long as short
gTrade (Gains Network) XPL/USDL +0.0005% / S −0.0004%1h0.09552+0.083%$72K150xas long as short
Backpack XPL_USDC_PERP+0.0011%1h0.09533−0.121%$173K$190K10xas long as short
Orderly PERP_XPL_USDC+0.0015%4h0.09530−0.153%$29K$320K10xas long as short
Paradex XPL-USD-PERP+0.0064%8h0.09536−0.094%$12K$6965xas long as short
Show all 36 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Nado XPL-PERP+0.0100%1h0.09553+0.091%$1.2M$2.4M10xas long as short
Hyperliquid XPL+0.0100%1h0.09566+0.228%$60.4M$46.4M10xas long as short
Aster XPLUSDT+0.0100%4h0.09554+0.101%$247K$430K20xas long as short
Pacifica XPL+0.0100%1h0.09549+0.041%$218K$47K10xas long as short
Binance XPLUSDT+0.0100%4h0.09546+0.015%$43.3M$100.3M75xas long as short
Bybit XPLUSDT+0.0100%4h0.09545+0.005%$45.2M$54.3M75xas long as short
OKX XPL-USDT-SWAP+0.0100%4h0.09558+0.141%$8.1M$48.2M50xas long as short
Bulk XPL-USD+0.0100%1h0.09565+0.219%$139K$010xas long as short
Gate XPL_USDT+0.0100%4h0.09538−0.069%$3.0M$3.4M75xas long as short
MEXC XPL_USDT+0.0100%4h0.09549+0.046%$12.4M$6.9M100xas long as short
KuCoin XPLUSDTM+0.0100%4h0.09542−0.027%$2.3M$1.4M50xas long as short
Bitget XPLUSDT+0.0100%4h0.09563+0.193%$9.1M$9.7M75xas long as short
BingX XPL-USDT+0.0100%4h0.09547+0.025%$7.8Mas long as short
Variational Omni XPL+0.0100%4h0.09544−0.001%$1.7M$1.9Mas long as short
GRVT XPL_USDT_Perp+0.0100%4h0.09537−0.084%$257K$1.1M10xas long as short
ApeX Omni XPLUSDT+0.0100%1h0.09550+0.057%$25K$77K50xas long as short
Polymarket Perps XPL-USD+0.0100%1h0.09564+0.208%$125K$2.0M10xas long as short
SunX XPL-USDT+0.0100%4h0.09500−0.467%$3K$1.7M20xas long as short
SoDEX XPL-USD+0.0100%1h0.09530−0.153%$198$12K10xas long as short
HTX XPL-USDT+0.0100%4h0.09532−0.132%$139K$184K20xas long as short
Extended XPL-USD+0.0104%1h0.09536−0.094%$632K$1.2M25xas long as short
Aevo XPL-PERP+0.0104%1h0.09531−0.143%$28K$18K3xas long as short
Phoenix XPL+0.0251%1h0.09575+0.319%$194K$536K10xas long as short
BloFin XPL-USDT+0.0340%4h0.09518−0.278%$1.7M$940K75xas long as short
Coinbase International XPL-PERP-INTXshort+0.0592%1h0.09640+1.000%$67K$90K50x
Kraken Futures PF_XPLUSD+0.2909%1h0.09557+0.134%$543K$988K10xas long as short