Funding arb · Price arb /

XPL

all XPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0768%/8h= −84.1% APRpaid last 24h −0.088%

Price spread now: 01 Exchange against Gate−1.158%7-day average — · you buy dearer than you sell

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

Long on Gate Short on 01 Exchange

What this pair did over the last

the charts below follow

Funding, last 4 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 against this trade now: funding costs −$23 a day on $10k at the current rate, and 01 Exchange is 1.158% cheaper against Gate than usual: you would sell low and buy high (−$116 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate XPL_USDT	0.09330	0.0016	pay 0.0008% / 4h	1h 31m	$2.8M	$3.3M	75x
Short	01 Exchange XPLUSD	0.09222	−0.0752	pay 0.0094% / 1h	31m 49s	$536	$873	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now −1.158%Rate

Funding earned: −$161.28
Price spread: −1.158% → 0.000%: −$115.76
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: −$299.04
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Gate: live order book, 4 min ago; 01 Exchange: no order-book sample. 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 Gate live order book, 4 min ago	3.20 bp	20.7 bp −$21	108.9 bp −$1,089	doesn't fit	doesn't fit
Sell 01 Exchange no order-book sample	—	—	—	—	—

01 Exchange: 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 exchanges

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 XPLUSDshort	−0.0752%	1h	0.09222	−1.158%	$536	$873	5x
GMX XPL/USD [WBTC.b-USDC]	L −0.0442% / S +0.0691%	1h	0.09376	+0.490%	$103K	—	100x	as long as short
Lighter XPL	−0.0416%	1h	0.09337	+0.075%	$4.2M	$3.1M	10x	as long as short
Deribit XPL_USDC-PERPETUAL	−0.0393%	1h	0.09329	−0.011%	$46K	$18K	25x	as long as short
Bybit XPLUSDT	−0.0338%	4h	0.09344	+0.150%	$43.8M	$54.5M	75x	as long as short
Extended XPL-USD	−0.0120%	1h	0.09327	−0.027%	$586K	$1.1M	25x	as long as short
Paradex XPL-USD-PERP	−0.0120%	8h	0.09309	−0.221%	$12K	$696	5x	as long as short
Orderly PERP_XPL_USDC	−0.0112%	4h	0.09325	−0.054%	$29K	$151K	10x	as long as short
Backpack XPL_USDC_PERP	−0.0105%	1h	0.09336	+0.064%	$187K	$175K	10x	as long as short
Binance XPLUSDT	−0.0068%	4h	0.09343	+0.136%	$42.8M	$98.1M	75x	as long as short

Show all 36 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC XPL_USDT	−0.0068%	4h	0.09340	+0.107%	$12.7M	$6.6M	100x	as long as short
OKX XPL-USDT-SWAP	−0.0021%	4h	0.09350	+0.214%	$7.1M	$47.5M	50x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−18.857%	—	—	—	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09329	−0.009%	$70K	—	150x	as long as short
Gate XPL_USDTlong	+0.0016%	4h	0.09330	long leg	$2.8M	$3.3M	75x
Aevo XPL-PERP	+0.0064%	1h	0.09291	−0.421%	$28K	$18K	3x	as long as short
Nado XPL-PERP	+0.0100%	1h	0.09322	−0.083%	$1.2M	$2.3M	10x	as long as short
Hyperliquid XPL	+0.0100%	1h	0.09353	+0.244%	$58.3M	$42.9M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09344	+0.150%	$242K	$376K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09350	+0.214%	$209K	$51K	10x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09380	+0.531%	$137K	$5K	10x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09323	−0.075%	$2.3M	$1.5M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09354	+0.257%	$8.7M	$10.1M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09337	+0.075%	—	$7.7M	—	as long as short
Variational Omni XPL	+0.0100%	4h	0.09373	+0.462%	$1.8M	$2.0M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09376	+0.498%	$248K	$1.3M	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09340	+0.107%	$24K	$67K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09326	−0.043%	$42K	$1.3M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09320	−0.107%	$3K	$1.5M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09330	0.000%	$181	$9K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09276	−0.579%	$131K	$217K	20x	as long as short
dYdX XPL-USD	+0.0140%	1h	0.09319	−0.113%	$9K	$1K	5x	as long as short
BloFin XPL-USDT	+0.0175%	4h	0.09311	−0.204%	$1.7M	$842K	75x	as long as short
Phoenix XPL	+0.0252%	1h	0.09340	+0.107%	$189K	$435K	10x	as long as short
Coinbase International XPL-PERP-INTX	+0.0712%	1h	0.09333	+0.032%	$62K	$89K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.1369%	1h	0.09348	+0.188%	$551K	$1.0M	10x	as long as short