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+0.0004%/8h= +0.4% APRnext payment +$0.00 per $10,000 · paid last 24h +0.001%
Price spread now: gTrade (Gains Network) against dYdX−0.045%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 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: gTrade (Gains Network) is 0.045% cheaper against dYdX than usual: you would sell low and buy high, −$4 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongdYdX XPL-USD0.098080get 0.0000% / 1h51m 03s$8K5x
ShortgTrade (Gains Network) XPL/USD0.09804L +0.0005% / S −0.0004%get 0.0000% / 1h51m 03s$72K150x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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
$0.82
Price spread: −0.045% → 0.000%
−$4.48
Slippage, 4 orders
no order book: not counted
Fee dYdX: 5 bp × 2 orders
−$10
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Net
−$23.66
Costs to cover
0.200%
Break-even
209.3 days
Slippage unknown: dYdX: no order-book sample; gTrade (Gains Network): 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 gTrade (Gains Network) no order-book sample
dYdX and gTrade (Gains Network): 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
Lighter XPL−0.0376%1h0.09786−0.226%$4.4M$4.1M10xas long as short
01 Exchange XPLUSD−0.0256%1h0.09801−0.073%$570$7085xas long as short
GMX XPL/USD [WBTC.b-USDC]L −0.0125% / S +0.0515%1h0.09804−0.046%$113K100xas long as short
Deribit XPL_USDC-PERPETUAL−0.0056%1h0.09802−0.062%$47K$18K25xas long as short
dYdX XPL-USDlong0.0000%1h0.09808long leg$8K5x
Reya XPLRUSDPERP0.0000%1h0.07571−22.814%as long as short
gTrade (Gains Network) XPL/USDshortL +0.0005% / S −0.0004%1h0.09804−0.045%$72K150x
Orderly PERP_XPL_USDC+0.0063%4h0.09797−0.113%$29K$335K10xas long as short
Paradex XPL-USD-PERP+0.0082%8h0.09802−0.066%$13K$2K5xas long as short
Nado XPL-PERP+0.0100%1h0.09802−0.060%$1.4M$2.6M10xas long as short
Show all 36 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid XPL+0.0100%1h0.09809+0.004%$63.4M$47.9M10xas long as short
Aster XPLUSDT+0.0100%4h0.09801−0.069%$254K$527K20xas long as short
Pacifica XPL+0.0100%1h0.09811+0.027%$223K$46K10xas long as short
Binance XPLUSDT+0.0100%4h0.09795−0.138%$44.4M$107.7M75xas long as short
Bybit XPLUSDT+0.0100%4h0.09795−0.134%$48.1M$55.0M75xas long as short
OKX XPL-USDT-SWAP+0.0100%4h0.09792−0.164%$8.9M$54.5M50xas long as short
Gate XPL_USDT+0.0100%4h0.09798−0.103%$3.0M$4.0M75xas long as short
MEXC XPL_USDT+0.0100%4h0.09794−0.144%$12.8M$7.6M100xas long as short
KuCoin XPLUSDTM+0.0100%4h0.09792−0.164%$2.4M$1.5M50xas long as short
Bitget XPLUSDT+0.0100%4h0.09804−0.042%$8.7M$11.1M75xas long as short
BingX XPL-USDT+0.0100%4h0.09795−0.134%$7.9Mas long as short
Backpack XPL_USDC_PERP+0.0100%1h0.09799−0.093%$178K$279K10xas long as short
Variational Omni XPL+0.0100%4h0.09788−0.203%$1.7M$1.9Mas long as short
GRVT XPL_USDT_Perp+0.0100%4h0.09812+0.037%$261K$787K10xas long as short
ApeX Omni XPLUSDT+0.0100%1h0.09820+0.121%$25K$88K50xas long as short
Polymarket Perps XPL-USD+0.0100%1h0.09810+0.014%$131K$2.7M10xas long as short
SunX XPL-USDT+0.0100%4h0.09780−0.287%$2K$2.0M20xas long as short
SoDEX XPL-USD+0.0100%1h0.09800−0.083%$451$10K10xas long as short
HTX XPL-USDT+0.0100%4h0.09811+0.029%$139K$246K20xas long as short
Bulk XPL-USD+0.0100%1h0.09790−0.185%$143K$9K10xas long as short
Extended XPL-USD+0.0104%1h0.09797−0.118%$660K$1.1M25xas long as short
Aevo XPL-PERP+0.0104%1h0.09800−0.083%$38K$5K3xas long as short
Phoenix XPL+0.0327%1h0.09824+0.162%$199K$651K10xas long as short
BloFin XPL-USDT+0.0340%4h0.09799−0.093%$1.8M$1.2M75xas long as short
Coinbase International XPL-PERP-INTX+0.0568%1h0.09825+0.172%$72K$97K50xas long as short
Kraken Futures PF_XPLUSD+0.5067%1h0.09853+0.462%$567K$1.0M10xas long as short