Funding arb · Price arb /

XPL

all XPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.004%

Price spread now: Gate against Nado+0.068%7-day average −0.042% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$52as in the Price arb table

costs, in and out, $10k−$630.625% of the position

Long on Nado Short on Gate

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.016%−$2 on $10k

Price spread, last 7 days−0.102%−$10 · spread now +0.068%, 7d avg −0.042%

Together, before fees−0.119%+ Points / potential airdropNado: Active · farm board−$12 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.110% dearer against Nado than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of −0.042%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado XPL-PERP	0.09550	0.0100	pay 0.0012% / 1h	41m 31s	$1.2M	$2.4M	10x
Short	Gate XPL_USDT	0.09557	0.0100	get 0.0050% / 4h	2h 41m	$3.0M	$3.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.068%Rate

Funding earned: $0
Price spread: +0.068% → −0.042%: $10.98
Slippage, 4 orders: −$40.51
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$51.53
Costs to cover: 0.625%
Break-even: 5294520497564253.0 days

Slippage from Nado: live order book, 2 min ago; Gate: live order book, 2 min ago.

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, 2 min ago	1.04 bp	7.8 bp −$8	23.0 bp −$230	doesn't fit	doesn't fit
Sell Gate live order book, 2 min ago	0.52 bp	25.5 bp −$25	134.7 bp −$1,347	doesn't fit	doesn't fit

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
GMX XPL/USD [WBTC.b-USDC]	L −0.0234% / S +0.0570%	1h	0.09556	+0.052%	$105K	—	100x	as long as short
01 Exchange XPLUSD	−0.0208%	1h	0.09549	−0.016%	$555	$708	5x	as long as short
Deribit XPL_USDC-PERPETUAL	−0.0168%	1h	0.09563	+0.131%	$46K	$18K	25x	as long as short
Lighter XPL	−0.0008%	1h	0.09555	+0.047%	$4.3M	$3.0M	10x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09569	+0.190%	$9K	$600	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−20.728%	—	—	—	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09557	+0.068%	$72K	—	150x	as long as short
Orderly PERP_XPL_USDC	+0.0015%	4h	0.09560	+0.099%	$29K	$320K	10x	as long as short
Backpack XPL_USDC_PERP	+0.0059%	1h	0.09565	+0.152%	$174K	$190K	10x	as long as short
Paradex XPL-USD-PERP	+0.0064%	8h	0.09556	+0.058%	$12K	$696	5x	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	0.09550	long leg	$1.2M	$2.4M	10x
Hyperliquid XPL	+0.0100%	1h	0.09568	+0.182%	$60.4M	$46.8M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09559	+0.092%	$247K	$430K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09567	+0.175%	$219K	$47K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09550	−0.009%	$43.3M	$100.5M	75x	as long as short
Bybit XPLUSDT	+0.0100%	4h	0.09547	−0.037%	$45.3M	$54.3M	75x	as long as short
OKX XPL-USDT-SWAP	+0.0100%	4h	0.09549	−0.016%	$8.1M	$48.2M	50x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09565	+0.156%	$139K	$0	10x	as long as short
Gate XPL_USDTshort	+0.0100%	4h	0.09557	+0.068%	$3.0M	$3.4M	75x
MEXC XPL_USDT	+0.0100%	4h	0.09549	−0.016%	$12.5M	$6.9M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09559	+0.089%	$2.3M	$1.4M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09561	+0.110%	$9.1M	$9.7M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09549	−0.016%	—	$7.8M	—	as long as short
Variational Omni XPL	+0.0100%	4h	0.09566	+0.160%	$1.7M	$1.9M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09588	+0.398%	$258K	$1.1M	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09570	+0.204%	$25K	$77K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09563	+0.135%	$125K	$2.0M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09540	−0.110%	$3K	$1.7M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09560	+0.099%	$199	$12K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09592	+0.435%	$140K	$184K	20x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09551	0.000%	$636K	$1.2M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09562	+0.115%	$28K	$18K	3x	as long as short
Phoenix XPL	+0.0251%	1h	0.09575	+0.257%	$194K	$536K	10x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09567	+0.173%	$1.7M	$945K	75x	as long as short
Coinbase International XPL-PERP-INTX	+0.0592%	1h	0.09640	+0.937%	$67K	$90K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.2897%	1h	0.09596	+0.472%	$545K	$988K	10x	as long as short