Funding arb · Price arb /

XPL

all XPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0095%/8h= +10.4% APRpaid last 24h +0.028%

Price spread now: HTX against gTrade (Gains Network)+0.075%7-day average — · you sell dearer than you buy

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

Long on gTrade (Gains Network)Short on HTX

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 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and HTX is 0.075% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$8 more if the spread 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	gTrade (Gains Network) XPL/USD	0.09548	L +0.0005% / S −0.0004%	pay 0.0001% / 1h	34m 16s	$72K	—	150x
Short	HTX XPL-USDT	0.09555	0.0100	get 0.0050% / 4h	2h 34m	$139K	$185K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee HTXbpOrdersPrice spread, now +0.075%Rate

Funding earned: $19.85
Price spread: +0.075% → 0.000%: $7.54
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: $5.39
Costs to cover: 0.220%
Break-even: 5.1 days

Slippage unknown: gTrade (Gains Network): no order-book sample; HTX: live order book, 12 min ago. 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell HTX live order book, 12 min ago	7.84 bp	61.0 bp −$61	doesn't fit	doesn't fit	doesn't fit

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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit XPL_USDC-PERPETUAL	−0.0274%	1h	0.09541	−0.071%	$46K	$18K	25x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0234% / S +0.0570%	1h	0.09545	−0.025%	$105K	—	100x	as long as short
01 Exchange XPLUSD	−0.0224%	1h	0.09551	+0.034%	$555	$708	5x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09560	+0.127%	$9K	$600	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−20.706%	—	—	—	as long as short
gTrade (Gains Network) XPL/USDlong	L +0.0005% / S −0.0004%	1h	0.09548	long leg	$72K	—	150x
Orderly PERP_XPL_USDC	+0.0015%	4h	0.09539	−0.092%	$29K	$320K	10x	as long as short
Lighter XPL	+0.0032%	1h	0.09534	−0.145%	$4.3M	$3.0M	10x	as long as short
Paradex XPL-USD-PERP	+0.0066%	8h	0.09558	+0.103%	$12K	$696	5x	as long as short
Nado XPL-PERP	+0.0100%	1h	0.09545	−0.029%	$1.2M	$2.4M	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid XPL	+0.0100%	1h	0.09558	+0.107%	$60.3M	$46.4M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09553	+0.052%	$251K	$429K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09560	+0.124%	$219K	$47K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09540	−0.079%	$43.3M	$100.1M	75x	as long as short
Bybit XPLUSDT	+0.0100%	4h	0.09542	−0.061%	$45.2M	$54.3M	75x	as long as short
OKX XPL-USDT-SWAP	+0.0100%	4h	0.09541	−0.071%	$8.1M	$48.1M	50x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09565	+0.185%	$139K	$0	10x	as long as short
Gate XPL_USDT	+0.0100%	4h	0.09544	−0.040%	$3.0M	$3.4M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09542	−0.061%	$12.3M	$6.9M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09543	−0.050%	$2.3M	$1.4M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09551	+0.034%	$9.1M	$9.7M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09542	−0.061%	—	$7.8M	—	as long as short
Backpack XPL_USDC_PERP	+0.0100%	1h	0.09545	−0.029%	$173K	$190K	10x	as long as short
Variational Omni XPL	+0.0100%	4h	0.09579	+0.327%	$1.7M	$1.9M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09577	+0.301%	$254K	$1.1M	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09590	+0.442%	$25K	$77K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09557	+0.101%	$125K	$2.0M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09520	−0.291%	$3K	$1.7M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09540	−0.082%	$197	$12K	10x	as long as short
HTX XPL-USDTshort	+0.0100%	4h	0.09555	+0.075%	$139K	$185K	20x
Extended XPL-USD	+0.0104%	1h	0.09538	−0.103%	$604K	$1.2M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09540	−0.082%	$28K	$18K	3x	as long as short
Phoenix XPL	+0.0251%	1h	0.09549	+0.013%	$193K	$536K	10x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09614	+0.693%	$1.8M	$949K	75x	as long as short
Coinbase International XPL-PERP-INTX	+0.0592%	1h	0.09640	+0.966%	$67K	$90K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.2903%	1h	0.09578	+0.313%	$544K	$989K	10x	as long as short