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

XPL

all XPL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC+0.0708%/8h= +77.5% APRnext payment +$0.89 per $10,000 · paid last 24h +0.192%
Price spread now: Coinbase International against Nado+1.124%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 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropNado: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$21 a day on $10k at the current rate, and Coinbase International is 1.124% dearer against Nado than usual: you sell high and buy low: +$112 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongNado XPL-PERP0.096100.0100pay 0.0012% / 1h42m 54s$1.3M$2.2M10x
ShortCoinbase International XPL-PERP-INTX0.097180.0808get 0.0101% / 1h42m 54s$66K$92K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International 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

Funding earned
$148.68
Price spread: +1.124% → 0.000%
$112.38
Slippage, 4 orders
no order book: not counted
Fee Nado: 3.5 bp × 2 orders
−$7
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
$244.06
Costs to cover
0.170%
Break-even
from the start
Slippage unknown: Nado: live order book, 1 min ago; Coinbase International: 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 Nado live order book, 1 min ago1.04 bp9.5 bp −$926.8 bp −$268doesn't fitdoesn't fit
Sell Coinbase International no order-book sample
Coinbase International: 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−0.1392%1h0.09574−0.375%$4.3M$3.1M10xas long as short
Deribit XPL_USDC-PERPETUAL−0.0479%1h0.09592−0.187%$46K$18K25xas long as short
01 Exchange XPLUSD−0.0472%1h0.09600−0.104%$558$8735xas long as short
GMX XPL/USD [WBTC.b-USDC]L −0.0313% / S +0.0615%1h0.09606−0.036%$106K100xas long as short
Orderly PERP_XPL_USDC−0.0015%4h0.09589−0.219%$30K$246K10xas long as short
dYdX XPL-USD0.0000%1h0.096100.000%$9K$6005xas long as short
Reya XPLRUSDPERP0.0000%1h0.07571−21.220%as long as short
gTrade (Gains Network) XPL/USDL +0.0005% / S −0.0004%1h0.09601−0.098%$72K150xas long as short
Paradex XPL-USD-PERP+0.0014%8h0.09625+0.159%$13K$6965xas long as short
Bybit XPLUSDT+0.0062%4h0.09579−0.323%$45.7M$53.7M75xas long as short
Show all 36 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Nado XPL-PERPlong+0.0100%1h0.09610long leg$1.3M$2.2M10x
Hyperliquid XPL+0.0100%1h0.09603−0.071%$60.7M$46.1M10xas long as short
Aster XPLUSDT+0.0100%4h0.09592−0.184%$253K$419K20xas long as short
Pacifica XPL+0.0100%1h0.09615+0.052%$220K$46K10xas long as short
Binance XPLUSDT+0.0100%4h0.09577−0.340%$43.4M$97.7M75xas long as short
OKX XPL-USDT-SWAP+0.0100%4h0.09582−0.291%$7.7M$47.8M50xas long as short
Bulk XPL-USD+0.0100%1h0.09577−0.343%$140K$010xas long as short
Gate XPL_USDT+0.0100%4h0.09589−0.219%$3.0M$3.3M75xas long as short
MEXC XPL_USDT+0.0100%4h0.09584−0.271%$12.5M$6.5M100xas long as short
KuCoin XPLUSDTM+0.0100%4h0.09592−0.187%$2.3M$1.2M50xas long as short
Bitget XPLUSDT+0.0100%4h0.09599−0.114%$9.0M$9.9M75xas long as short
BingX XPL-USDT+0.0100%4h0.09577−0.343%$7.8Mas long as short
Backpack XPL_USDC_PERP+0.0100%1h0.09595−0.156%$180K$188K10xas long as short
Variational Omni XPL+0.0100%4h0.09607−0.035%$1.7M$2.0Mas long as short
GRVT XPL_USDT_Perp+0.0100%4h0.09606−0.038%$255K$1.3M10xas long as short
ApeX Omni XPLUSDT+0.0100%1h0.096100.000%$25K$75K50xas long as short
Polymarket Perps XPL-USD+0.0100%1h0.09612+0.020%$126K$1.8M10xas long as short
SunX XPL-USDT+0.0100%4h0.09590−0.208%$2K$1.6M20xas long as short
SoDEX XPL-USD+0.0100%1h0.09590−0.208%$196$9K10xas long as short
HTX XPL-USDT+0.0100%4h0.09596−0.146%$133K$213K20xas long as short
Extended XPL-USD+0.0104%1h0.09581−0.297%$601K$1.2M25xas long as short
Aevo XPL-PERP+0.0104%1h0.09590−0.208%$28K$18K3xas long as short
Phoenix XPL+0.0249%1h0.09622+0.125%$195K$495K10xas long as short
BloFin XPL-USDT+0.0340%4h0.09600−0.104%$1.7M$929K75xas long as short
Coinbase International XPL-PERP-INTXshort+0.0808%1h0.09718+1.124%$66K$92K50x
Kraken Futures PF_XPLUSD+0.2723%1h0.09634+0.245%$547K$930K10xas long as short