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

XPL

all XPL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0153%/8h= +16.7% APRnext payment +$0.19 per $10,000 · paid last 24h −0.010%
Price spread now: gTrade (Gains Network) against GMX+0.021%7-day average · you sell dearer than you buy
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
Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and gTrade (Gains Network) is 0.021% dearer against GMX than usual: you sell high and buy low: +$2 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGMX XPL/USD [WBTC.b-USDC]0.09795L −0.0149% / S +0.0531%get 0.0019% / 1h0m 55s$113K100x
ShortgTrade (Gains Network) XPL/USD0.09797L +0.0005% / S −0.0003%get 0.0000% / 1h0m 55s$76K150x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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
$32.03
Price spread: +0.021% → 0.000%
$2.07
Slippage, 4 orders
no order book: not counted
Fee GMX: 6 bp × 2 orders
−$12
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Net
$12.1
Costs to cover
0.220%
Break-even
4.4 days
Slippage unknown: GMX: no order-book sample; gTrade (Gains Network): 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 gTrade (Gains Network) no order-book sample
GMX and 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter XPL−0.0536%1h0.09780−0.156%$4.4M$4.2M10xas long as short
01 Exchange XPLUSD−0.0360%1h0.09790−0.054%$569$7085xas long as short
GMX XPL/USD [WBTC.b-USDC]longL −0.0149% / S +0.0531%1h0.09795long leg$113K100x
Deribit XPL_USDC-PERPETUAL−0.0056%1h0.09795−0.003%$47K$18K25xas long as short
dYdX XPL-USD0.0000%1h0.09791−0.043%$8K5xas long as short
Reya XPLRUSDPERP0.0000%1h0.07570−22.714%as long as short
gTrade (Gains Network) XPL/USDshortL +0.0005% / S −0.0003%1h0.09797+0.021%$76K150x
Paradex XPL-USD-PERP+0.0018%8h0.09798+0.031%$13K$2K5xas long as short
Orderly PERP_XPL_USDC+0.0036%4h0.09792−0.034%$29K$335K10xas long as short
Gate XPL_USDT+0.0048%4h0.09796+0.007%$3.1M$4.1M75xas long as short
Show all 36 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Nado XPL-PERP+0.0100%1h0.09791−0.044%$1.4M$2.6M10xas long as short
Hyperliquid XPL+0.0100%1h0.09808+0.128%$63.3M$48.1M10xas long as short
Aster XPLUSDT+0.0100%4h0.09797+0.020%$254K$527K20xas long as short
Pacifica XPL+0.0100%1h0.09796+0.002%$223K$46K10xas long as short
Binance XPLUSDT+0.0100%4h0.09787−0.088%$44.6M$108.9M75xas long as short
Bybit XPLUSDT+0.0100%4h0.09787−0.085%$47.4M$55.7M75xas long as short
OKX XPL-USDT-SWAP+0.0100%4h0.09786−0.095%$8.7M$55.2M50xas long as short
Bulk XPL-USD+0.0100%1h0.09760−0.360%$142K$9K10xas long as short
MEXC XPL_USDT+0.0100%4h0.09788−0.075%$12.9M$7.7M100xas long as short
KuCoin XPLUSDTM+0.0100%4h0.09788−0.075%$2.4M$1.5M50xas long as short
Bitget XPLUSDT+0.0100%4h0.09797+0.017%$8.8M$11.1M75xas long as short
BingX XPL-USDT+0.0100%4h0.09786−0.095%$7.9Mas long as short
Backpack XPL_USDC_PERP+0.0100%1h0.09794−0.013%$181K$282K10xas long as short
Variational Omni XPL+0.0100%4h0.09787−0.083%$1.6M$1.9Mas long as short
GRVT XPL_USDT_Perp+0.0100%4h0.09768−0.275%$259K$814K10xas long as short
ApeX Omni XPLUSDT+0.0100%1h0.09800+0.048%$25K$88K50xas long as short
Polymarket Perps XPL-USD+0.0100%1h0.09802+0.072%$131K$2.7M10xas long as short
SunX XPL-USDT+0.0100%4h0.09770−0.258%$3K$2.0M20xas long as short
SoDEX XPL-USD+0.0100%1h0.09790−0.054%$201$10K10xas long as short
HTX XPL-USDT+0.0100%4h0.09797+0.017%$142K$242K20xas long as short
Extended XPL-USD+0.0104%1h0.09785−0.109%$658K$1.1M25xas long as short
Aevo XPL-PERP+0.0104%1h0.09799+0.034%$38K$5K3xas long as short
Phoenix XPL+0.0327%1h0.09782−0.136%$198K$651K10xas long as short
BloFin XPL-USDT+0.0340%4h0.09790−0.054%$1.7M$1.2M75xas long as short
Coinbase International XPL-PERP-INTX+0.0568%1h0.09804+0.089%$72K$97K50xas long as short
Kraken Futures PF_XPLUSD+0.5070%1h0.09846+0.521%$568K$1.0M10xas long as short