Settings8H · net · $10k
Funding arb · Price arb /

XPL

all XPL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC+0.0178%/8h= +19.4% APRnext payment +$0.22 per $10,000 · paid last 24h +0.012%
Price spread now: Aevo against GMX−0.043%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before feesneeds both histories
Funding pays, the price is against you. Aevo is 0.043% cheaper against GMX than usual: you would sell low and buy high (spread −0.043% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 19 hours of funding at the current rate (+$5 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGMX XPL/USD [WBTC.b-USDC]0.09760L −0.0074% / S +0.0482%get 0.0009% / 1h35m 40s$112K100x
ShortAevo XPL-PERP0.097560.0104get 0.0013% / 1h35m 40s$38K$5K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aevo against GMX. 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

Funding earned
$37.3
Price spread: −0.043% → 0.000%
−$4.3
Slippage, 4 orders
no order book: not counted
Fee GMX: 6 bp × 2 orders
−$12
Fee Aevo: 8 bp × 2 orders
−$16
Net
$4.99
Costs to cover
0.280%
Break-even
6.1 days
Slippage unknown: GMX: no order-book sample; Aevo: 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
LegHalf-spread$10k$100k$1M$5M
Buy GMX no order-book sample
Sell Aevo no order-book sample
GMX and Aevo: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter XPL−0.0120%1h0.09745−0.153%$4.4M$4.3M10xas long as short
GMX XPL/USD [WBTC.b-USDC]longL −0.0074% / S +0.0482%1h0.09760long leg$112K100x
Deribit XPL_USDC-PERPETUAL−0.0057%1h0.09756−0.040%$47K$18K25xas long as short
dYdX XPL-USD0.0000%1h0.09750−0.100%$8K5xas long as short
Reya XPLRUSDPERP0.0000%1h0.07571−22.432%as long as short
gTrade (Gains Network) XPL/USDL +0.0005% / S −0.0004%1h0.09759−0.008%$72K150xas long as short
01 Exchange XPLUSD+0.0008%1h0.09762+0.022%$568$5825xas long as short
Backpack XPL_USDC_PERP+0.0013%1h0.09755−0.050%$178K$283K10xas long as short
Orderly PERP_XPL_USDC+0.0082%4h0.09752−0.081%$27K$333K10xas long as short
Paradex XPL-USD-PERP+0.0094%8h0.09744−0.159%$13K$2K5xas long as short
Show all 36 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Nado XPL-PERP+0.0100%1h0.09756−0.037%$1.4M$2.6M10xas long as short
Hyperliquid XPL+0.0100%1h0.09768+0.080%$62.8M$47.1M10xas long as short
Aster XPLUSDT+0.0100%4h0.09757−0.032%$252K$527K20xas long as short
Pacifica XPL+0.0100%1h0.09750−0.101%$221K$45K10xas long as short
Binance XPLUSDT+0.0100%4h0.09749−0.111%$44.1M$104.3M75xas long as short
Bybit XPLUSDT+0.0100%4h0.09746−0.142%$47.6M$53.2M75xas long as short
OKX XPL-USDT-SWAP+0.0100%4h0.09750−0.101%$9.0M$53.0M50xas long as short
Bulk XPL-USD+0.0100%1h0.09822+0.641%$142K$11K10xas long as short
Gate XPL_USDT+0.0100%4h0.09750−0.101%$3.0M$4.0M75xas long as short
MEXC XPL_USDT+0.0100%4h0.09753−0.071%$12.7M$7.6M100xas long as short
KuCoin XPLUSDTM+0.0100%4h0.09749−0.112%$2.4M$1.4M50xas long as short
Bitget XPLUSDT+0.0100%4h0.09756−0.040%$8.6M$11.0M75xas long as short
BingX XPL-USDT+0.0100%4h0.09755−0.050%$7.9Mas long as short
Variational Omni XPL+0.0100%4h0.09799+0.401%$1.7M$1.9Mas long as short
GRVT XPL_USDT_Perp+0.0100%4h0.09789+0.296%$265K$786K10xas long as short
ApeX Omni XPLUSDT+0.0100%1h0.09790+0.308%$25K$86K50xas long as short
Polymarket Perps XPL-USD+0.0100%1h0.09766+0.063%$130K$2.7M10xas long as short
SunX XPL-USDT+0.0100%4h0.09740−0.204%$3K$2.0M20xas long as short
SoDEX XPL-USD+0.0100%1h0.09750−0.101%$207$10K10xas long as short
HTX XPL-USDT+0.0100%4h0.09756−0.040%$138K$245K20xas long as short
Extended XPL-USD+0.0104%1h0.09752−0.079%$656K$1.1M25xas long as short
Aevo XPL-PERPshort+0.0104%1h0.09756−0.043%$38K$5K3x
BloFin XPL-USDT+0.0340%4h0.09759−0.009%$1.8M$1.2M75xas long as short
Phoenix XPL+0.0485%1h0.09766+0.063%$197K$646K10xas long as short
Coinbase International XPL-PERP-INTX+0.0824%1h0.09844+0.862%$74K$105K50xas long as short
Kraken Futures PF_XPLUSD+0.3486%1h0.09809+0.500%$516K$939K10xas long as short