Funding arb · Price arb /

XPL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0095%/8h= +10.4% APRpaid last 24h +0.028%

Price spread now: KuCoin against gTrade (Gains Network)+0.004%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 KuCoin

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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) XPL/USD	0.09622	L +0.0005% / S −0.0004%	pay 0.0001% / 1h	13m 04s	$73K	—	150x
Short	KuCoin XPLUSDTM	0.09622	0.0100	get 0.0050% / 4h	1h 13m	$2.3M	$1.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.004%Rate

Funding earned: $19.85
Price spread: +0.004% → 0.000%: $0.43
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$1.72
Costs to cover: 0.220%
Break-even: 7.6 days

Slippage unknown: gTrade (Gains Network): no order-book sample; KuCoin: live order book, 3 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 KuCoin live order book, 3 min ago	8.81 bp	36.2 bp −$36	181.2 bp −$1,812	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
01 Exchange XPLUSD	−0.0384%	1h	0.09621	−0.006%	$559	$708	5x	as long as short
Deribit XPL_USDC-PERPETUAL	−0.0374%	1h	0.09612	−0.100%	$46K	$18K	25x	as long as short
Backpack XPL_USDC_PERP	−0.0268%	1h	0.09613	−0.089%	$178K	$231K	10x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0267% / S +0.0587%	1h	0.09622	+0.008%	$106K	—	100x	as long as short
Bybit XPLUSDT	−0.0102%	4h	0.09602	−0.204%	$45.5M	$56.7M	75x	as long as short
Orderly PERP_XPL_USDC	0.0000%	4h	0.09612	−0.100%	$29K	$335K	10x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09636	+0.151%	$8K	—	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−21.316%	—	—	—	as long as short
gTrade (Gains Network) XPL/USDlong	L +0.0005% / S −0.0004%	1h	0.09622	long leg	$73K	—	150x
OKX XPL-USDT-SWAP	+0.0060%	4h	0.09608	−0.141%	$8.3M	$52.4M	50x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex XPL-USD-PERP	+0.0064%	8h	0.09630	+0.089%	$13K	$2K	5x	as long as short
Lighter XPL	+0.0096%	1h	0.09610	−0.120%	$4.3M	$4.2M	10x	as long as short
Nado XPL-PERP	+0.0100%	1h	0.09632	+0.108%	$1.2M	$2.8M	10x	as long as short
Hyperliquid XPL	+0.0100%	1h	0.09622	+0.006%	$60.4M	$48.2M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09620	−0.013%	$244K	$497K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09640	+0.191%	$220K	$48K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09607	−0.149%	$43.5M	$108.4M	75x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09643	+0.227%	$140K	$5K	10x	as long as short
Gate XPL_USDT	+0.0100%	4h	0.09616	−0.058%	$3.0M	$3.8M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09610	−0.120%	$12.5M	$7.9M	100x	as long as short
KuCoin XPLUSDTMshort	+0.0100%	4h	0.09622	+0.004%	$2.3M	$1.5M	50x
Bitget XPLUSDT	+0.0100%	4h	0.09613	−0.089%	$8.5M	$11.1M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09605	−0.172%	—	$7.9M	—	as long as short
Variational Omni XPL	+0.0100%	4h	0.09645	+0.239%	$1.7M	$1.8M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09649	+0.280%	$254K	$930K	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09660	+0.399%	$25K	$83K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09641	+0.204%	$128K	$2.6M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09610	−0.120%	$3K	$1.9M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09610	−0.120%	$2K	$11K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09642	+0.212%	$145K	$263K	20x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09606	−0.162%	$636K	$1.1M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09614	−0.079%	$29K	$18K	3x	as long as short
Phoenix XPL	+0.0248%	1h	0.09660	+0.399%	$196K	$629K	10x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09630	+0.087%	$1.7M	$1.0M	75x	as long as short
Coinbase International XPL-PERP-INTX	+0.0672%	1h	0.09670	+0.503%	$75K	$93K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.3560%	1h	0.09656	+0.359%	$548K	$1.0M	10x	as long as short