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

XPL

all XPL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 09:00 UTC−0.2584%/8h= −283.0% APRnext payment $3.23 per $10,000 · paid last 24h −0.690%
Price spread now: Aevo against Kraken Futures−0.256%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 5 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 against this trade now: funding costs −$78 a day on $10k at the current rate, and Aevo is 0.256% cheaper against Kraken Futures than usual: you would sell low and buy high (−$26 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKraken Futures PF_XPLUSD0.096480.2688pay 0.0336% / 1h14m 56s$547K$965K10x
ShortAevo XPL-PERP0.096230.0104get 0.0013% / 1h14m 56s$29K$18K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aevo against Kraken Futures. 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
−$542.7
Price spread: −0.256% → 0.000%
−$25.61
Slippage, 4 orders
no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders
−$10
Fee Aevo: 8 bp × 2 orders
−$16
Net
−$594.31
Costs to cover
0.260%
Break-even
never at this rate
Slippage unknown: Kraken Futures: live order book, 13 min ago; 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 Kraken Futures live order book, 13 min ago36.19 bp55.8 bp −$56756.6 bp −$7,566doesn't fitdoesn't fit
Sell Aevo no order-book sample
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−0.1112%1h0.09604−0.456%$4.4M$3.2M10xas long as short
Bybit XPLUSDT−0.0458%4h0.09611−0.384%$45.6M$54.1M75xas long as short
01 Exchange XPLUSD−0.0424%1h0.09605−0.446%$558$8735xas long as short
GMX XPL/USD [WBTC.b-USDC]L −0.0311% / S +0.0615%1h0.09618−0.308%$106K100xas long as short
Deribit XPL_USDC-PERPETUAL−0.0166%1h0.09619−0.301%$46K$17K25xas long as short
Paradex XPL-USD-PERP−0.0118%8h0.09622−0.266%$13K$6965xas long as short
OKX XPL-USDT-SWAP−0.0063%4h0.09609−0.404%$7.6M$47.9M50xas long as short
Orderly PERP_XPL_USDC−0.0035%4h0.09614−0.352%$30K$235K10xas long as short
dYdX XPL-USD0.0000%1h0.09619−0.300%$9K$6005xas long as short
Reya XPLRUSDPERP0.0000%1h0.07571−21.530%as long as short
Show all 36 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) XPL/USDL +0.0005% / S −0.0004%1h0.09622−0.265%$73K150xas long as short
Extended XPL-USD+0.0032%1h0.09611−0.384%$618K$1.2M25xas long as short
Gate XPL_USDT+0.0048%4h0.09614−0.352%$2.9M$3.3M75xas long as short
Binance XPLUSDT+0.0092%4h0.09613−0.362%$43.9M$98.3M75xas long as short
MEXC XPL_USDT+0.0092%4h0.09612−0.373%$13.2M$6.6M100xas long as short
Nado XPL-PERP+0.0100%1h0.09610−0.389%$1.2M$2.2M10xas long as short
Hyperliquid XPL+0.0100%1h0.09631−0.173%$60.9M$45.7M10xas long as short
Aster XPLUSDT+0.0100%4h0.09623−0.257%$255K$399K20xas long as short
Pacifica XPL+0.0100%1h0.09620−0.290%$220K$47K10xas long as short
KuCoin XPLUSDTM+0.0100%4h0.09610−0.394%$2.3M$1.3M50xas long as short
Bitget XPLUSDT+0.0100%4h0.09623−0.259%$9.1M$10.0M75xas long as short
BingX XPL-USDT+0.0100%4h0.09610−0.394%$7.7Mas long as short
Backpack XPL_USDC_PERP+0.0100%1h0.09613−0.363%$183K$181K10xas long as short
Variational Omni XPL+0.0100%4h0.09613−0.367%$1.7M$1.9Mas long as short
GRVT XPL_USDT_Perp+0.0100%4h0.09570−0.809%$256K$1.3M10xas long as short
ApeX Omni XPLUSDT+0.0100%1h0.09600−0.498%$25K$73K50xas long as short
Polymarket Perps XPL-USD+0.0100%1h0.09620−0.295%$126K$1.7M10xas long as short
SunX XPL-USDT+0.0100%4h0.09600−0.498%$3K$1.6M20xas long as short
SoDEX XPL-USD+0.0100%1h0.09610−0.394%$190$9K10xas long as short
HTX XPL-USDT+0.0100%4h0.09615−0.342%$133K$214K20xas long as short
Bulk XPL-USD+0.0100%1h0.09570−0.809%$139K$010xas long as short
Aevo XPL-PERPshort+0.0104%1h0.09623−0.256%$29K$18K3x
Phoenix XPL+0.0251%1h0.09601−0.487%$194K$494K10xas long as short
BloFin XPL-USDT+0.0332%4h0.09613−0.363%$1.7M$956K75xas long as short
Coinbase International XPL-PERP-INTX+0.0536%1h0.09640−0.083%$64K$92K50xas long as short
Kraken Futures PF_XPLUSDlong+0.2688%1h0.09648long leg$547K$965K10x