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

XPL

all XPL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC+0.0076%/8h= +8.3% APRnext payment +$0.10 per $10,000 · paid last 24h +0.145%
Price spread now: ApeX Omni against Lighter+0.344%48s7-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 7 days+0.526%+$53 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and ApeX Omni is 0.344% dearer against Lighter than usual: you sell high and buy low: +$34 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter XPL0.095870.0024pay 0.0003% / 1h38m 33s$4.3M$4.2M10x
ShortApeX Omni XPLUSDT0.096200.0100get 0.0013% / 1h38m 33s$25K$83K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against Lighter. 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
$15.96
Price spread: +0.344% → 0.000%
$34.42
Slippage, 4 orders
no order book: not counted
Fee Lighter: 0 bp × 2 orders
$0
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
$40.38
Costs to cover
0.100%
Break-even
from the start
Slippage unknown: Lighter: live order book, 9 min ago; ApeX Omni: 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 Lighter live order book, 9 min ago4.72 bp16.4 bp −$1642.3 bp −$423doesn't fitdoesn't fit
Sell ApeX Omni no order-book sample
ApeX Omni: 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
Backpack XPL_USDC_PERP−0.0609%1h0.09584−0.031%$180K$242K10xas long as short
01 Exchange XPLUSD−0.0432%1h0.09579−0.083%$557$7085xas long as short
Deribit XPL_USDC-PERPETUAL−0.0272%1h0.09577−0.104%$46K$18K25xas long as short
GMX XPL/USD [WBTC.b-USDC]L −0.0248% / S +0.0576%1h0.09580−0.069%$105K100xas long as short
Orderly PERP_XPL_USDC−0.0005%4h0.09572−0.156%$29K$335K10xas long as short
dYdX XPL-USD0.0000%1h0.09598+0.110%$8K5xas long as short
Reya XPLRUSDPERP0.0000%1h0.07571−21.031%as long as short
gTrade (Gains Network) XPL/USDL +0.0005% / S −0.0004%1h0.09581−0.057%$72K150xas long as short
Lighter XPLlong+0.0024%1h0.09587long leg$4.3M$4.2M10x
OKX XPL-USDT-SWAP+0.0031%4h0.09582−0.052%$8.2M$52.8M50xas long as short
Show all 36 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Paradex XPL-USD-PERP+0.0053%8h0.09592+0.054%$12K$2K5xas long as short
Gate XPL_USDT+0.0080%4h0.09590+0.031%$2.9M$3.7M75xas long as short
Nado XPL-PERP+0.0100%1h0.09585−0.021%$1.2M$2.8M10xas long as short
Hyperliquid XPL+0.0100%1h0.09604+0.175%$60.4M$48.1M10xas long as short
Aster XPLUSDT+0.0100%4h0.09593+0.064%$244K$501K20xas long as short
Pacifica XPL+0.0100%1h0.09600+0.135%$219K$48K10xas long as short
Binance XPLUSDT+0.0100%4h0.09587−0.004%$43.4M$108.6M75xas long as short
Bybit XPLUSDT+0.0100%4h0.09577−0.104%$45.4M$56.7M75xas long as short
Bulk XPL-USD+0.0100%1h0.09540−0.490%$139K$7K10xas long as short
MEXC XPL_USDT+0.0100%4h0.09590+0.031%$12.3M$7.9M100xas long as short
KuCoin XPLUSDTM+0.0100%4h0.09585−0.021%$2.3M$1.5M50xas long as short
Bitget XPLUSDT+0.0100%4h0.09597+0.104%$8.5M$11.1M75xas long as short
BingX XPL-USDT+0.0100%4h0.09591+0.042%$7.9Mas long as short
Variational Omni XPL+0.0100%4h0.09587−0.004%$1.7M$1.8Mas long as short
GRVT XPL_USDT_Perp+0.0100%4h0.09616+0.301%$260K$901K10xas long as short
ApeX Omni XPLUSDTshort+0.0100%1h0.09620+0.344%$25K$83K50x
Polymarket Perps XPL-USD+0.0100%1h0.09589+0.017%$127K$2.6M10xas long as short
SunX XPL-USDT+0.0100%4h0.09560−0.282%$3K$1.9M20xas long as short
SoDEX XPL-USD+0.0100%1h0.09580−0.073%$2K$11K10xas long as short
HTX XPL-USDT+0.0100%4h0.09580−0.073%$144K$264K20xas long as short
Extended XPL-USD+0.0104%1h0.09590+0.035%$633K$1.1M25xas long as short
Aevo XPL-PERP+0.0104%1h0.09572−0.153%$28K$18K3xas long as short
Phoenix XPL+0.0248%1h0.09608+0.219%$195K$629K10xas long as short
BloFin XPL-USDT+0.0340%4h0.09576−0.115%$1.7M$1.0M75xas long as short
Coinbase International XPL-PERP-INTX+0.0672%1h0.09640+0.553%$74K$93K50xas long as short
Kraken Futures PF_XPLUSD+0.3573%1h0.09620+0.343%$546K$1.0M10xas long as short