Funding arb · Price arb /

XPL

all XPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.003%

Price spread now: Pacifica against Gate+0.079%7-day average +0.016% · you sell dearer than you buy

Net, funding: paid 7d − costs−$77as in the Funding arb table

Net, price: spread back to 7d avg − costs−$86as in the Price arb table

costs, in and out, $10k−$920.922% of the position

Long on Gate Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.157%+$16 on $10k

Price spread, last 4 days (all we have)−0.406%−$41 · spread now +0.079%, 7d avg +0.016%

Together, before fees−0.249%+ Points / potential airdropPacifica: Active · farm board−$25 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Pacifica is 0.063% dearer against Gate than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.016%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate XPL_USDT	0.09678	0.0100	pay 0.0050% / 4h	2h 01m	$3.1M	$3.4M	75x
Short	Pacifica XPL	0.09686	0.0100	get 0.0013% / 1h	1m 00s	$222K	$46K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now +0.079%Rate

Funding earned: $0
Price spread: +0.079% → +0.016%: $6.28
Slippage, 4 orders: −$69.22
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$85.94
Costs to cover: 0.922%
Break-even: never at this rate

Slippage from Gate: live order book, 2 min ago; Pacifica: live order book, 47 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 Gate live order book, 2 min ago	1.55 bp	28.1 bp −$28	141.7 bp −$1,417	doesn't fit	doesn't fit
Sell Pacifica live order book, 47 min ago	10.43 bp	25.7 bp −$26	doesn't fit	doesn't fit	doesn't fit

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
GMX XPL/USD [WBTC.b-USDC]	L −0.0313% / S +0.0615%	1h	0.09677	−0.007%	$107K	—	100x	as long as short
Deribit XPL_USDC-PERPETUAL	−0.0266%	1h	0.09678	0.000%	$46K	$18K	25x	as long as short
01 Exchange XPLUSD	−0.0256%	1h	0.09667	−0.114%	$562	$708	5x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09688	+0.104%	$9K	$600	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−21.771%	—	—	—	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09678	0.000%	$73K	—	150x	as long as short
Orderly PERP_XPL_USDC	+0.0006%	4h	0.09674	−0.041%	$29K	$284K	10x	as long as short
Lighter XPL	+0.0056%	1h	0.09670	−0.083%	$4.4M	$3.0M	10x	as long as short
Paradex XPL-USD-PERP	+0.0058%	8h	0.09678	−0.003%	$13K	$696	5x	as long as short
Nado XPL-PERP	+0.0100%	1h	0.09671	−0.070%	$1.2M	$2.2M	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	0.09690	+0.126%	$61.3M	$46.3M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09684	+0.065%	$254K	$426K	20x	as long as short
Pacifica XPLshort	+0.0100%	1h	0.09686	+0.079%	$222K	$46K	10x
Binance XPLUSDT	+0.0100%	4h	0.09672	−0.065%	$43.8M	$98.4M	75x	as long as short
Bybit XPLUSDT	+0.0100%	4h	0.09673	−0.052%	$45.9M	$53.6M	75x	as long as short
OKX XPL-USDT-SWAP	+0.0100%	4h	0.09670	−0.083%	$8.0M	$48.7M	50x	as long as short
Gate XPL_USDTlong	+0.0100%	4h	0.09678	long leg	$3.1M	$3.4M	75x
MEXC XPL_USDT	+0.0100%	4h	0.09675	−0.031%	$12.7M	$7.0M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09684	+0.062%	$2.3M	$1.3M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09681	+0.031%	$8.9M	$9.7M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09673	−0.052%	—	$7.8M	—	as long as short
Backpack XPL_USDC_PERP	+0.0100%	1h	0.09678	0.000%	$176K	$189K	10x	as long as short
Variational Omni XPL	+0.0100%	4h	0.09685	+0.070%	$1.7M	$1.9M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09681	+0.032%	$256K	$1.2M	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09680	+0.021%	$25K	$77K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09681	+0.033%	$127K	$1.8M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09650	−0.289%	$2K	$1.7M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09670	−0.083%	$199	$12K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09681	+0.031%	$138K	$187K	20x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09676	−0.021%	$141K	$0	10x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09667	−0.118%	$609K	$1.2M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09675	−0.031%	$29K	$18K	3x	as long as short
Phoenix XPL	+0.0251%	1h	0.09691	+0.134%	$196K	$536K	10x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09670	−0.083%	$1.7M	$942K	75x	as long as short
Coinbase International XPL-PERP-INTX	+0.0592%	1h	0.09718	+0.413%	$66K	$92K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.2862%	1h	0.09716	+0.388%	$552K	$953K	10x	as long as short