Funding arb · Price arb /

XPL

all XPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.001%

Price spread now: ApeX Omni against Nado+0.016%7-day average — · you sell dearer than you buy

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

Long on Nado Short on ApeX Omni

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 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropNado: Active · farm boardneeds both histories

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado XPL-PERP	0.09668	0.0100	pay 0.0012% / 1h	54m 53s	$1.2M	$2.6M	10x
Short	ApeX Omni XPLUSDT	0.09670	0.0100	get 0.0013% / 1h	54m 53s	$25K	$78K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Nado. 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 NadobpFee ApeX OmnibpOrdersPrice spread, now +0.016%Rate

Funding earned: $0
Price spread: +0.016% → 0.000%: $1.55
Slippage, 4 orders: no order book: not counted
Fee Nado: 3.5 bp × 2 orders: −$7
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$15.45
Costs to cover: 0.170%
Break-even: 141080964095267.4 days

Slippage unknown: Nado: live order book, 4 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Nado live order book, 4 min ago	1.03 bp	6.8 bp −$7	17.3 bp −$173	doesn't fit	doesn'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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange XPLUSD	−0.0480%	1h	0.09666	−0.026%	$562	$708	5x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0304% / S +0.0610%	1h	0.09688	+0.198%	$107K	—	100x	as long as short
Backpack XPL_USDC_PERP	−0.0255%	1h	0.09692	+0.243%	$179K	$211K	10x	as long as short
Deribit XPL_USDC-PERPETUAL	−0.0163%	1h	0.09685	+0.171%	$46K	$18K	25x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09668	−0.004%	$9K	$585	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−21.696%	—	—	—	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09690	+0.217%	$73K	—	150x	as long as short
Orderly PERP_XPL_USDC	+0.0016%	4h	0.09683	+0.150%	$29K	$339K	10x	as long as short
Paradex XPL-USD-PERP	+0.0058%	8h	0.09663	−0.052%	$13K	$2K	5x	as long as short
Lighter XPL	+0.0096%	1h	0.09682	+0.140%	$4.4M	$3.0M	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado XPL-PERPlong	+0.0100%	1h	0.09668	long leg	$1.2M	$2.6M	10x
Hyperliquid XPL	+0.0100%	1h	0.09695	+0.273%	$61.2M	$46.6M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09696	+0.284%	$252K	$470K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09679	+0.105%	$221K	$46K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09682	+0.145%	$43.9M	$102.9M	75x	as long as short
Bybit XPLUSDT	+0.0100%	4h	0.09680	+0.119%	$45.8M	$54.6M	75x	as long as short
OKX XPL-USDT-SWAP	+0.0100%	4h	0.09681	+0.129%	$8.3M	$49.5M	50x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09631	−0.384%	$140K	$5K	10x	as long as short
Gate XPL_USDT	+0.0100%	4h	0.09683	+0.150%	$3.0M	$3.4M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09682	+0.140%	$12.6M	$7.0M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09678	+0.098%	$2.3M	$1.4M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09689	+0.212%	$8.8M	$10.0M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09681	+0.129%	—	$7.9M	—	as long as short
Variational Omni XPL	+0.0100%	4h	0.09661	−0.080%	$1.7M	$1.9M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09665	−0.037%	$260K	$1.0M	10x	as long as short
ApeX Omni XPLUSDTshort	+0.0100%	1h	0.09670	+0.016%	$25K	$78K	50x
Polymarket Perps XPL-USD	+0.0100%	1h	0.09688	+0.200%	$127K	$2.0M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09650	−0.191%	$2K	$1.8M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09690	+0.222%	$201	$12K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09677	+0.088%	$142K	$206K	20x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09680	+0.117%	$653K	$1.1M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09692	+0.238%	$29K	$18K	3x	as long as short
Phoenix XPL	+0.0334%	1h	0.09681	+0.129%	$196K	$573K	10x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09674	+0.057%	$1.7M	$987K	75x	as long as short
Coinbase International XPL-PERP-INTX	+0.0640%	1h	0.09698	+0.305%	$75K	$84K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.3099%	1h	0.09719	+0.526%	$551K	$974K	10x	as long as short