Funding arb · Price arb /

XPL

all XPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h —

Price spread now: Reya against dYdX−22.845%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on dYdX Short on Reya

What this pair did over the last

the charts below follow

Funding, last 7 days—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropReya: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Reya is 22.845% cheaper against dYdX than usual: you would sell low and buy high, −$2,285 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX XPL-USD	0.09812	0	get 0.0000% / 1h	24m 00s	$8K	—	5x
Short	Reya XPLRUSDPERP	0.07571	0	get 0.0000% / 1h	24m 00s	—	—	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya 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

Position, each leg$Hold fordaysFee dYdXbpFee ReyabpOrdersPrice spread, now −22.845%Rate

Funding earned: $0
Price spread: −22.845% → 0.000%: −$2,284.5
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Reya: 3 bp × 2 orders: −$6
Net: −$2,300.5
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: dYdX: no order-book sample; Reya: 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 dYdX no order-book sample	—	—	—	—	—
Sell Reya no order-book sample	—	—	—	—	—

dYdX and Reya: 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
GMX XPL/USD [WBTC.b-USDC]	L −0.0079% / S +0.0485%	1h	0.09798	−0.145%	$113K	—	100x	as long as short
Lighter XPL	−0.0056%	1h	0.09791	−0.216%	$4.4M	$4.3M	10x	as long as short
Deribit XPL_USDC-PERPETUAL	−0.0056%	1h	0.09804	−0.084%	$47K	$18K	25x	as long as short
01 Exchange XPLUSD	−0.0016%	1h	0.09798	−0.145%	$570	$582	5x	as long as short
dYdX XPL-USDlong	0.0000%	1h	0.09812	long leg	$8K	—	5x
Reya XPLRUSDPERPshort	0.0000%	1h	0.07571	−22.845%	—	—	—
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09798	−0.146%	$72K	—	150x	as long as short
Backpack XPL_USDC_PERP	+0.0026%	1h	0.09803	−0.094%	$179K	$283K	10x	as long as short
Orderly PERP_XPL_USDC	+0.0083%	4h	0.09794	−0.186%	$27K	$333K	10x	as long as short
Paradex XPL-USD-PERP	+0.0095%	8h	0.09812	+0.002%	$13K	$2K	5x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado XPL-PERP	+0.0100%	1h	0.09799	−0.137%	$1.4M	$2.6M	10x	as long as short
Hyperliquid XPL	+0.0100%	1h	0.09819	+0.069%	$63.1M	$47.0M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09804	−0.086%	$254K	$527K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09813	+0.003%	$222K	$45K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09800	−0.124%	$44.3M	$104.7M	75x	as long as short
Bybit XPLUSDT	+0.0100%	4h	0.09799	−0.135%	$47.8M	$53.4M	75x	as long as short
OKX XPL-USDT-SWAP	+0.0100%	4h	0.09797	−0.155%	$9.1M	$53.4M	50x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09740	−0.736%	$140K	$11K	10x	as long as short
Gate XPL_USDT	+0.0100%	4h	0.09800	−0.124%	$3.0M	$4.0M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09800	−0.124%	$12.8M	$7.7M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09795	−0.175%	$2.4M	$1.4M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09801	−0.114%	$8.6M	$11.1M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09803	−0.094%	—	$7.9M	—	as long as short
Variational Omni XPL	+0.0100%	4h	0.09812	0.000%	$1.7M	$1.9M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09807	−0.054%	$265K	$786K	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09810	−0.022%	$25K	$87K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09804	−0.088%	$130K	$2.7M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09780	−0.328%	$3K	$2.0M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09800	−0.124%	$205	$10K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09794	−0.186%	$139K	$245K	20x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09794	−0.188%	$664K	$1.1M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09801	−0.112%	$38K	$5K	3x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09811	−0.012%	$1.8M	$1.2M	75x	as long as short
Phoenix XPL	+0.0485%	1h	0.09825	+0.130%	$199K	$646K	10x	as long as short
Coinbase International XPL-PERP-INTX	+0.0824%	1h	0.09832	+0.202%	$74K	$103K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.3470%	1h	0.09854	+0.427%	$519K	$941K	10x	as long as short