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

XPL

all XPL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC+0.0512%/8h= +56.1% APRnext payment +$0.64 per $10,000 · paid last 24h +0.202%
Price spread now: Coinbase International against Extended+0.561%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 7 days+0.046%+$5 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropExtended: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$15 a day on $10k at the current rate, and Coinbase International is 0.561% dearer against Extended than usual: you sell high and buy low: +$56 more if the spread goes back to zero (this spread has no 7-day history yet).
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.046% in total (about 2.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.64 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended XPL-USD0.096220.0104pay 0.0013% / 1h28m 41s$653K$1.1M25x
ShortCoinbase International XPL-PERP-INTX0.096760.0616get 0.0077% / 1h28m 41s$75K$87K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International against Extended. 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
$107.52
Price spread: +0.561% → 0.000%
$56.07
Slippage, 4 orders
no order book: not counted
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
$148.59
Costs to cover
0.150%
Break-even
from the start
Slippage unknown: Extended: live order book, 5 min ago; 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 Extended live order book, 5 min ago1.56 bp10.6 bp −$1128.3 bp −$283doesn't fitdoesn't fit
Sell Coinbase International no order-book sample
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
01 Exchange XPLUSD−0.0392%1h0.09646+0.249%$561$7085xas long as short
GMX XPL/USD [WBTC.b-USDC]L −0.0306% / S +0.0611%1h0.09655+0.346%$107K100xas long as short
Bybit XPLUSDT−0.0091%4h0.09625+0.031%$45.6M$54.7M75xas long as short
dYdX XPL-USD0.0000%1h0.09637+0.158%$8K5xas long as short
Reya XPLRUSDPERP0.0000%1h0.07571−21.318%as long as short
Deribit XPL_USDC-PERPETUAL0.0000%1h0.09653+0.322%$46K$18K25xas long as short
gTrade (Gains Network) XPL/USDL +0.0005% / S −0.0004%1h0.09657+0.364%$73K150xas long as short
Orderly PERP_XPL_USDC+0.0013%4h0.09650+0.291%$29K$339K10xas long as short
Paradex XPL-USD-PERP+0.0079%8h0.09634+0.124%$13K$2K5xas long as short
Lighter XPL+0.0096%1h0.09620−0.021%$4.4M$3.3M10xas long as short
Show all 36 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Nado XPL-PERP+0.0100%1h0.09654+0.332%$1.2M$2.7M10xas long as short
Hyperliquid XPL+0.0100%1h0.09644+0.230%$60.8M$47.0M10xas long as short
Aster XPLUSDT+0.0100%4h0.09638+0.167%$242K$460K20xas long as short
Pacifica XPL+0.0100%1h0.09631+0.093%$220K$46K10xas long as short
Binance XPLUSDT+0.0100%4h0.09632+0.103%$43.8M$103.3M75xas long as short
OKX XPL-USDT-SWAP+0.0100%4h0.09624+0.020%$8.3M$49.5M50xas long as short
Bulk XPL-USD+0.0100%1h0.09550−0.749%$139K$5K10xas long as short
Gate XPL_USDT+0.0100%4h0.09636+0.145%$3.0M$3.6M75xas long as short
MEXC XPL_USDT+0.0100%4h0.09628+0.062%$12.3M$7.7M100xas long as short
KuCoin XPLUSDTM+0.0100%4h0.09634+0.124%$2.3M$1.4M50xas long as short
Bitget XPLUSDT+0.0100%4h0.09633+0.114%$8.6M$10.1M75xas long as short
BingX XPL-USDT+0.0100%4h0.09627+0.051%$7.9Mas long as short
Backpack XPL_USDC_PERP+0.0100%1h0.09639+0.176%$178K$223K10xas long as short
Variational Omni XPL+0.0100%4h0.09656+0.351%$1.7M$1.9Mas long as short
GRVT XPL_USDT_Perp+0.0100%4h0.09669+0.492%$262K$975K10xas long as short
ApeX Omni XPLUSDT+0.0100%1h0.09630+0.083%$25K$78K50xas long as short
Polymarket Perps XPL-USD+0.0100%1h0.09665+0.447%$125K$2.0M10xas long as short
SunX XPL-USDT+0.0100%4h0.09640+0.187%$3K$1.8M20xas long as short
SoDEX XPL-USD+0.0100%1h0.09650+0.291%$198$12K10xas long as short
HTX XPL-USDT+0.0100%4h0.09673+0.530%$141K$207K20xas long as short
Extended XPL-USDlong+0.0104%1h0.09622long leg$653K$1.1M25x
Aevo XPL-PERP+0.0104%1h0.09651+0.303%$29K$18K3xas long as short
Phoenix XPL+0.0334%1h0.09585−0.385%$194K$617K10xas long as short
BloFin XPL-USDT+0.0340%4h0.09646+0.249%$1.7M$994K75xas long as short
Coinbase International XPL-PERP-INTXshort+0.0616%1h0.09676+0.561%$75K$87K50x
Kraken Futures PF_XPLUSD+0.3291%1h0.09693+0.735%$549K$975K10xas long as short