Funding arb · Price arb /

XPL

all XPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Binance against OKX+0.037%7-day average −0.010% · you sell dearer than you buy

Net, funding: paid 7d − costs−$37as in the Funding arb table

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$410.408% of the position

Long on OKX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.040%+$4 on $10k

Price spread, last 7 days−0.049%−$5 · spread now +0.037%, 7d avg −0.010%

Together, before fees−0.009%−$1 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: Binance is 0.047% dearer against OKX than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.010%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX XPL-USDT-SWAP	0.09712	0.0100	pay 0.0050% / 4h	28m 30s	$8.8M	$54.3M	50x
Short	Binance XPLUSDT	0.09716	0.0100	get 0.0050% / 4h	28m 30s	$44.2M	$108.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against OKX. 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 OKXbpFee BinancebpOrdersPrice spread, now +0.037%Rate

Funding earned: $0
Price spread: +0.037% → −0.010%: $4.66
Slippage, 4 orders: −$20.83
Fee OKX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$36.17
Costs to cover: 0.408%
Break-even: never at this rate

Slippage from OKX: live order book, 5 min ago; Binance: live order book, 14 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 OKX live order book, 5 min ago	0.51 bp	13.7 bp −$14	35.0 bp −$350	doesn't fit	doesn't fit
Sell Binance live order book, 14 min ago	0.51 bp	10.0 bp −$10	23.6 bp −$236	100.3 bp −$10.0K	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
Lighter XPL	−0.0592%	1h	0.09707	−0.051%	$4.4M	$4.2M	10x	as long as short
01 Exchange XPLUSD	−0.0408%	1h	0.09710	−0.021%	$565	$708	5x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0136% / S +0.0522%	1h	0.09720	+0.080%	$112K	—	100x	as long as short
Deribit XPL_USDC-PERPETUAL	−0.0058%	1h	0.09725	+0.134%	$47K	$18K	25x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09720	+0.084%	$8K	—	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07570	−22.050%	—	—	—	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0003%	1h	0.09720	+0.082%	$76K	—	150x	as long as short
Paradex XPL-USD-PERP	+0.0021%	8h	0.09718	+0.063%	$13K	$2K	5x	as long as short
Orderly PERP_XPL_USDC	+0.0050%	4h	0.09715	+0.031%	$29K	$335K	10x	as long as short
Gate XPL_USDT	+0.0074%	4h	0.09712	0.000%	$3.0M	$4.0M	75x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid XPL	+0.0100%	1h	0.09728	+0.168%	$62.8M	$48.1M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09723	+0.112%	$252K	$527K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09724	+0.121%	$221K	$46K	10x	as long as short
Binance XPLUSDTshort	+0.0100%	4h	0.09716	+0.037%	$44.2M	$108.2M	75x
Bybit XPLUSDT	+0.0100%	4h	0.09716	+0.041%	$47.3M	$55.3M	75x	as long as short
OKX XPL-USDT-SWAPlong	+0.0100%	4h	0.09712	long leg	$8.8M	$54.3M	50x
MEXC XPL_USDT	+0.0100%	4h	0.09718	+0.062%	$12.7M	$7.6M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09716	+0.041%	$2.4M	$1.5M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09721	+0.093%	$8.7M	$11.1M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09715	+0.031%	—	$7.9M	—	as long as short
Backpack XPL_USDC_PERP	+0.0100%	1h	0.09721	+0.093%	$179K	$281K	10x	as long as short
Variational Omni XPL	+0.0100%	4h	0.09696	−0.161%	$1.6M	$1.9M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09699	−0.136%	$260K	$806K	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09710	−0.021%	$25K	$88K	50x	as long as short
Nado XPL-PERP	+0.0100%	1h	0.09716	+0.041%	$1.4M	$2.6M	10x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09728	+0.160%	$130K	$2.7M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09700	−0.124%	$2K	$2.0M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09720	+0.082%	$201	$10K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09699	−0.134%	$138K	$233K	20x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09700	−0.125%	$141K	$9K	10x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09716	+0.038%	$653K	$1.1M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09725	+0.134%	$38K	$5K	3x	as long as short
Phoenix XPL	+0.0327%	1h	0.09714	+0.021%	$197K	$651K	10x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09720	+0.082%	$1.8M	$1.2M	75x	as long as short
Coinbase International XPL-PERP-INTX	+0.0568%	1h	0.09825	+1.164%	$72K	$97K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.5107%	1h	0.09775	+0.654%	$564K	$1.0M	10x	as long as short