Funding arb · Price arb /

XPL

all XPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.001%

Price spread now: MEXC against Extended+0.041%7-day average +0.053% · you sell dearer than you buy

Net, funding: paid 7d − costs−$22as in the Funding arb table

Net, price: spread back to 7d avg − costs−$25as in the Price arb table

costs, in and out, $10k−$240.242% of the position

Long on Extended Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.020%+$2 on $10k

Price spread, last 4 days (all we have)+0.245%+$24 · spread now +0.041%, 7d avg +0.053%

Together, before fees+0.265%+ Points / potential airdropExtended: Active · farm board+$27 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended XPL-USD	0.09706	0.0104	pay 0.0013% / 1h	27m 45s	$655K	$1.1M	25x
Short	MEXC XPL_USDT	0.09710	0.0100	get 0.0050% / 4h	2h 27m	$12.8M	$7.9M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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

Position, each leg$Hold fordaysFee ExtendedbpFee MEXCbpOrdersPrice spread, now +0.041%Rate

Funding earned: −$0.84
Price spread: +0.041% → +0.053%: −$1.15
Slippage, 4 orders: −$19.16
Fee Extended: 2.5 bp × 2 orders: −$5
Fee MEXC: 0 bp × 2 orders: $0
Net: −$26.15
Costs to cover: 0.242%
Break-even: never at this rate

Slippage from Extended: live order book, just now; MEXC: live order book, 6 min ago.

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 Extended live order book, just now	3.61 bp	7.7 bp −$8	23.8 bp −$238	doesn't fit	doesn't fit
Sell MEXC live order book, 6 min ago	0.51 bp	4.2 bp −$4	9.6 bp −$96	92.1 bp −$9,212	231.9 bp −$116.0K

XPL on 35 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
Deribit XPL_USDC-PERPETUAL	−0.0265%	1h	0.09711	+0.051%	$47K	$18K	25x	as long as short
01 Exchange XPLUSD	−0.0232%	1h	0.09688	−0.186%	$563	$708	5x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0196% / S +0.0561%	1h	0.09704	−0.020%	$111K	—	100x	as long as short
Backpack XPL_USDC_PERP	−0.0093%	1h	0.09715	+0.092%	$179K	$244K	10x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09688	−0.185%	$8K	—	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−21.999%	—	—	—	as long as short
Orderly PERP_XPL_USDC	+0.0002%	4h	0.09710	+0.041%	$29K	$335K	10x	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0003%	1h	0.09710	+0.040%	$60K	—	150x	as long as short
OKX XPL-USDT-SWAP	+0.0051%	4h	0.09707	+0.010%	$8.4M	$55.1M	50x	as long as short
Paradex XPL-USD-PERP	+0.0058%	8h	0.09685	−0.218%	$13K	$2K	5x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter XPL	+0.0088%	1h	0.09703	−0.031%	$4.4M	$4.2M	10x	as long as short
Nado XPL-PERP	+0.0100%	1h	0.09698	−0.083%	$1.2M	$2.8M	10x	as long as short
Hyperliquid XPL	+0.0100%	1h	0.09719	+0.132%	$62.3M	$47.8M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09719	+0.130%	$247K	$513K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09690	−0.165%	$220K	$47K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09710	+0.046%	$44.2M	$110.0M	75x	as long as short
Bybit XPLUSDT	+0.0100%	4h	0.09706	0.000%	$46.8M	$57.7M	75x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09672	−0.354%	$141K	$7K	10x	as long as short
Gate XPL_USDT	+0.0100%	4h	0.09708	+0.020%	$3.0M	$3.8M	75x	as long as short
MEXC XPL_USDTshort	+0.0100%	4h	0.09710	+0.041%	$12.8M	$7.9M	100x
KuCoin XPLUSDTM	+0.0100%	4h	0.09701	−0.052%	$2.3M	$1.5M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09711	+0.051%	$8.6M	$11.3M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09707	+0.010%	—	$8.0M	—	as long as short
Variational Omni XPL	+0.0100%	4h	0.09726	+0.206%	$1.7M	$1.9M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09730	+0.247%	$266K	$877K	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09730	+0.247%	$25K	$88K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09708	+0.016%	$130K	$2.6M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09700	−0.062%	$2K	$1.9M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09710	+0.041%	$197	$11K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09703	−0.031%	$143K	$258K	20x	as long as short
Extended XPL-USDlong	+0.0104%	1h	0.09706	long leg	$655K	$1.1M	25x
Aevo XPL-PERP	+0.0104%	1h	0.09706	+0.005%	$29K	$18K	3x	as long as short
Phoenix XPL	+0.0328%	1h	0.09715	+0.092%	$197K	$657K	10x	as long as short
Coinbase International XPL-PERP-INTX	+0.0496%	1h	0.09766	+0.618%	$78K	$95K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.4387%	1h	0.09750	+0.448%	$553K	$1.0M	10x	as long as short