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% APRpaid last 24h −0.001%

Price spread now: KuCoin against Nado+0.031%7-day average −0.047% · 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−$68as in the Price arb table

costs, in and out, $10k−$760.760% of the position

Long on Nado Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.003%$0 on $10k

Price spread, last 7 days−0.102%−$10 · spread now +0.031%, 7d avg −0.047%

Together, before fees−0.099%+ Points / potential airdropNado: Active · farm board−$10 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: KuCoin is 0.078% dearer against Nado than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of −0.047%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado XPL-PERP	0.09672	0.0100	pay 0.0012% / 1h	49m 28s	$1.2M	$2.5M	10x
Short	KuCoin XPLUSDTM	0.09675	0.0100	get 0.0050% / 4h	3h 49m	$2.3M	$1.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.031%Rate

Funding earned: $0
Price spread: +0.031% → −0.047%: $7.82
Slippage, 4 orders: −$57.01
Fee Nado: 3.5 bp × 2 orders: −$7
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$68.19
Costs to cover: 0.760%
Break-even: 622756489362365.1 days

Slippage from Nado: live order book, 4 min ago; KuCoin: 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, 4 min ago	1.03 bp	7.2 bp −$7	16.0 bp −$160	doesn't fit	doesn't fit
Sell KuCoin live order book, 2 min ago	10.84 bp	32.5 bp −$32	157.4 bp −$1,574	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
01 Exchange XPLUSD	−0.0432%	1h	0.09661	−0.114%	$562	$708	5x	as long as short
Deribit XPL_USDC-PERPETUAL	−0.0370%	1h	0.09672	0.000%	$46K	$18K	25x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0304% / S +0.0610%	1h	0.09674	+0.020%	$107K	—	100x	as long as short
Backpack XPL_USDC_PERP	−0.0047%	1h	0.09678	+0.062%	$179K	$198K	10x	as long as short
Gate XPL_USDT	−0.0032%	4h	0.09668	−0.041%	$3.0M	$3.4M	75x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09678	+0.061%	$9K	$585	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−21.724%	—	—	—	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09673	+0.015%	$73K	—	150x	as long as short
Orderly PERP_XPL_USDC	+0.0018%	4h	0.09668	−0.041%	$29K	$339K	10x	as long as short
Paradex XPL-USD-PERP	+0.0055%	8h	0.09669	−0.033%	$13K	$2K	5x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit XPLUSDT	+0.0058%	4h	0.09667	−0.052%	$45.8M	$54.4M	75x	as long as short
Lighter XPL	+0.0096%	1h	0.09666	−0.062%	$4.4M	$3.0M	10x	as long as short
Nado XPL-PERPlong	+0.0100%	1h	0.09672	long leg	$1.2M	$2.5M	10x
Hyperliquid XPL	+0.0100%	1h	0.09683	+0.113%	$61.1M	$46.7M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09684	+0.119%	$252K	$470K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09680	+0.083%	$221K	$46K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09667	−0.052%	$43.9M	$102.3M	75x	as long as short
OKX XPL-USDT-SWAP	+0.0100%	4h	0.09669	−0.031%	$8.3M	$49.3M	50x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09670	−0.021%	$141K	$5K	10x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09665	−0.072%	$12.5M	$7.0M	100x	as long as short
KuCoin XPLUSDTMshort	+0.0100%	4h	0.09675	+0.031%	$2.3M	$1.4M	50x
Bitget XPLUSDT	+0.0100%	4h	0.09677	+0.052%	$8.8M	$9.8M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09666	−0.062%	—	$7.9M	—	as long as short
Variational Omni XPL	+0.0100%	4h	0.09689	+0.174%	$1.7M	$1.9M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09693	+0.216%	$261K	$1.0M	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09710	+0.393%	$25K	$78K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09677	+0.047%	$127K	$2.0M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09660	−0.124%	$3K	$1.8M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09670	−0.021%	$201	$12K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09693	+0.217%	$142K	$203K	20x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09665	−0.074%	$656K	$1.1M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09676	+0.044%	$29K	$18K	3x	as long as short
Phoenix XPL	+0.0248%	1h	0.09709	+0.383%	$197K	$573K	10x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09690	+0.186%	$1.8M	$978K	75x	as long as short
Coinbase International XPL-PERP-INTX	+0.0640%	1h	0.09734	+0.641%	$75K	$82K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.3101%	1h	0.09712	+0.411%	$551K	$976K	10x	as long as short