Funding arb · Price arb /

XPL

all XPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.003%

Price spread now: MEXC against Gate−0.010%7-day average −0.016% · you buy dearer than you sell

Net, funding: paid 7d − costs−$40as in the Funding arb table

Net, price: spread back to 7d avg − costs−$54as in the Price arb table

costs, in and out, $10k−$550.549% of the position

Long on Gate Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.147%+$15 on $10k

Price spread, last 7 days−0.004%$0 · spread now −0.010%, 7d avg −0.016%

Together, before fees+0.143%+$14 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate XPL_USDT	0.09904	0.0100	pay 0.0050% / 4h	3h 18m	$3.1M	$4.0M	75x
Short	MEXC XPL_USDT	0.09903	0.0100	get 0.0050% / 4h	3h 18m	$13.1M	$7.7M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Gate. 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 GatebpFee MEXCbpOrdersPrice spread, now −0.010%Rate

Funding earned: $0
Price spread: −0.010% → −0.016%: $0.58
Slippage, 4 orders: −$39.9
Fee Gate: 7.5 bp × 2 orders: −$15
Fee MEXC: 0 bp × 2 orders: $0
Net: −$54.32
Costs to cover: 0.549%
Break-even: never at this rate

Slippage from Gate: live order book, 5 min ago; MEXC: live order book, just now.

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 Gate live order book, 5 min ago	3.53 bp	26.0 bp −$26	168.6 bp −$1,686	doesn't fit	doesn't fit
Sell MEXC live order book, just now	0.50 bp	2.0 bp −$2	7.3 bp −$73	88.4 bp −$8,840	239.5 bp −$119.8K

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	−0.0176%	1h	0.09867	−0.374%	$574	$708	5x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0170% / S +0.0545%	1h	0.09889	−0.155%	$114K	—	100x	as long as short
Deribit XPL_USDC-PERPETUAL	−0.0154%	1h	0.09895	−0.091%	$47K	$18K	25x	as long as short
Lighter XPL	0.0000%	1h	0.09895	−0.091%	$4.5M	$4.2M	10x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09848	−0.565%	$8K	—	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07570	−23.562%	—	—	—	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0003%	1h	0.09889	−0.150%	$77K	—	150x	as long as short
Orderly PERP_XPL_USDC	+0.0022%	4h	0.09890	−0.141%	$30K	$335K	10x	as long as short
Paradex XPL-USD-PERP	+0.0046%	8h	0.09844	−0.601%	$13K	$2K	5x	as long as short
Backpack XPL_USDC_PERP	+0.0094%	1h	0.09913	+0.091%	$186K	$263K	10x	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	0.09874	−0.305%	$1.5M	$2.6M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09880	−0.242%	$255K	$534K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09850	−0.545%	$224K	$46K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09908	+0.043%	$45.3M	$108.9M	75x	as long as short
Bybit XPLUSDT	+0.0100%	4h	0.09912	+0.081%	$48.2M	$56.1M	75x	as long as short
OKX XPL-USDT-SWAP	+0.0100%	4h	0.09908	+0.040%	$8.8M	$56.2M	50x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09870	−0.343%	$144K	$2K	10x	as long as short
Gate XPL_USDTlong	+0.0100%	4h	0.09904	long leg	$3.1M	$4.0M	75x
MEXC XPL_USDTshort	+0.0100%	4h	0.09903	−0.010%	$13.1M	$7.7M	100x
KuCoin XPLUSDTM	+0.0100%	4h	0.09912	+0.081%	$2.5M	$1.5M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09916	+0.121%	$8.8M	$11.2M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09910	+0.061%	—	$7.9M	—	as long as short
Variational Omni XPL	+0.0100%	4h	0.09915	+0.110%	$1.8M	$2.0M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09920	+0.162%	$266K	$835K	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09920	+0.162%	$26K	$89K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09885	−0.188%	$132K	$2.7M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09840	−0.646%	$3K	$2.0M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09900	−0.040%	$197	$10K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09878	−0.263%	$143K	$243K	20x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09891	−0.126%	$669K	$1.1M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09920	+0.162%	$29K	$18K	3x	as long as short
Phoenix XPL	+0.0163%	1h	0.09941	+0.374%	$201K	$655K	10x	as long as short
Hyperliquid XPL	+0.0207%	1h	0.09928	+0.238%	$64.4M	$47.1M	10x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09892	−0.121%	$1.8M	$1.2M	75x	as long as short
Coinbase International XPL-PERP-INTX	+0.0376%	1h	0.09980	+0.767%	$74K	$97K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.5003%	1h	0.09945	+0.410%	$575K	$1.0M	10x	as long as short