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−0.0532%/8h= −58.3% APRnext payment $0.66 per $10,000 · paid last 24h −0.052%
Price spread now: 01 Exchange against Nado−0.076%7-day average · you buy dearer than you sell
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 3 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 against this trade now: funding costs −$16 a day on $10k at the current rate, and 01 Exchange is 0.076% cheaper against Nado than usual: you would sell low and buy high (−$8 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongNado XPL-PERP0.095780.0100pay 0.0012% / 1h39m 18s$1.2M$2.8M10x
Short01 Exchange XPLUSD0.09571−0.0432pay 0.0054% / 1h39m 18s$556$7085x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

01 Exchange 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
−$111.72
Price spread: −0.076% → 0.000%
−$7.57
Slippage, 4 orders
no order book: not counted
Fee Nado: 3.5 bp × 2 orders
−$7
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Net
−$133.29
Costs to cover
0.140%
Break-even
never at this rate
Slippage unknown: Nado: live order book, 5 min ago; 01 Exchange: 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, 5 min ago0.52 bp7.9 bp −$821.7 bp −$217doesn't fitdoesn't fit
Sell 01 Exchange no order-book sample
01 Exchange: 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−0.0604%1h0.09592+0.144%$181K$242K10xas long as short
01 Exchange XPLUSDshort−0.0432%1h0.09571−0.076%$556$7085x
Deribit XPL_USDC-PERPETUAL−0.0272%1h0.09577−0.013%$46K$18K25xas long as short
GMX XPL/USD [WBTC.b-USDC]L −0.0248% / S +0.0576%1h0.09580+0.022%$105K100xas long as short
Orderly PERP_XPL_USDC−0.0005%4h0.09572−0.065%$29K$335K10xas long as short
dYdX XPL-USD0.0000%1h0.09583+0.051%$8K5xas long as short
Reya XPLRUSDPERP0.0000%1h0.07571−20.959%as long as short
gTrade (Gains Network) XPL/USDL +0.0005% / S −0.0004%1h0.09581+0.034%$72K150xas long as short
Lighter XPL+0.0024%1h0.09570−0.086%$4.3M$4.2M10xas long as short
OKX XPL-USDT-SWAP+0.0033%4h0.09574−0.044%$8.2M$53.0M50xas long as short
Show all 36 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Paradex XPL-USD-PERP+0.0053%8h0.09577−0.008%$12K$2K5xas long as short
Gate XPL_USDT+0.0080%4h0.09574−0.044%$2.9M$3.7M75xas long as short
Nado XPL-PERPlong+0.0100%1h0.09578long leg$1.2M$2.8M10x
Hyperliquid XPL+0.0100%1h0.09592+0.145%$60.3M$48.1M10xas long as short
Aster XPLUSDT+0.0100%4h0.09582+0.039%$243K$501K20xas long as short
Pacifica XPL+0.0100%1h0.09586+0.082%$219K$48K10xas long as short
Binance XPLUSDT+0.0100%4h0.09578−0.003%$43.3M$108.7M75xas long as short
Bybit XPLUSDT+0.0100%4h0.09574−0.044%$45.4M$56.7M75xas long as short
Bulk XPL-USD+0.0100%1h0.09540−0.399%$139K$7K10xas long as short
MEXC XPL_USDT+0.0100%4h0.09577−0.013%$12.3M$7.9M100xas long as short
KuCoin XPLUSDTM+0.0100%4h0.09581+0.029%$2.3M$1.5M50xas long as short
Bitget XPLUSDT+0.0100%4h0.09579+0.008%$8.5M$11.1M75xas long as short
BingX XPL-USDT+0.0100%4h0.09573−0.055%$8.0Mas long as short
Variational Omni XPL+0.0100%4h0.09587+0.087%$1.7M$1.8Mas long as short
GRVT XPL_USDT_Perp+0.0100%4h0.09616+0.392%$260K$901K10xas long as short
ApeX Omni XPLUSDT+0.0100%1h0.09620+0.436%$25K$83K50xas long as short
Polymarket Perps XPL-USD+0.0100%1h0.09589+0.108%$127K$2.6M10xas long as short
SunX XPL-USDT+0.0100%4h0.09560−0.191%$3K$1.9M20xas long as short
SoDEX XPL-USD+0.0100%1h0.09580+0.018%$2K$11K10xas long as short
HTX XPL-USDT+0.0100%4h0.09580+0.018%$144K$264K20xas long as short
Extended XPL-USD+0.0104%1h0.09572−0.066%$633K$1.1M25xas long as short
Aevo XPL-PERP+0.0104%1h0.09572−0.062%$28K$18K3xas long as short
Phoenix XPL+0.0248%1h0.09608+0.311%$195K$629K10xas long as short
BloFin XPL-USDT+0.0340%4h0.09576−0.023%$1.7M$1.0M75xas long as short
Coinbase International XPL-PERP-INTX+0.0672%1h0.09640+0.645%$74K$93K50xas long as short
Kraken Futures PF_XPLUSD+0.3573%1h0.09620+0.434%$546K$1.0M10xas long as short