Funding arb · Price arb /

XPL

all XPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.003%

Price spread now: Gate against OKX+0.021%7-day average +0.011% · you sell dearer than you buy

Net, funding: paid 7d − costs−$83as in the Funding arb table

Net, price: spread back to 7d avg − costs−$71as in the Price arb table

costs, in and out, $10k−$720.724% of the position

Long on OKX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.104%−$10 on $10k

Price spread, last 7 days+0.017%+$2 · spread now +0.021%, 7d avg +0.011%

Together, before fees−0.086%−$9 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX XPL-USDT-SWAP	0.09559	0.0100	pay 0.0050% / 4h	2h 41m	$8.1M	$48.2M	50x
Short	Gate XPL_USDT	0.09561	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 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 GatebpOrdersPrice spread, now +0.021%Rate

Funding earned: $0
Price spread: +0.021% → +0.011%: $0.96
Slippage, 4 orders: −$47.38
Fee OKX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$71.42
Costs to cover: 0.724%
Break-even: never at this rate

Slippage from OKX: live order book, 2 min ago; Gate: live order book, 1 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, 2 min ago	0.52 bp	10.6 bp −$11	40.0 bp −$400	doesn't fit	doesn't fit
Sell Gate live order book, 1 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	0.09563	+0.045%	$106K	—	100x	as long as short
01 Exchange XPLUSD	−0.0208%	1h	0.09556	−0.031%	$556	$708	5x	as long as short
Deribit XPL_USDC-PERPETUAL	−0.0168%	1h	0.09563	+0.042%	$46K	$18K	25x	as long as short
Lighter XPL	−0.0008%	1h	0.09554	−0.052%	$4.3M	$3.0M	10x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09580	+0.222%	$9K	$600	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−20.799%	—	—	—	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09565	+0.060%	$72K	—	150x	as long as short
Orderly PERP_XPL_USDC	+0.0015%	4h	0.09560	+0.010%	$29K	$320K	10x	as long as short
Backpack XPL_USDC_PERP	+0.0059%	1h	0.09565	+0.063%	$174K	$190K	10x	as long as short
Paradex XPL-USD-PERP	+0.0064%	8h	0.09572	+0.133%	$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-PERP	+0.0100%	1h	0.09557	−0.021%	$1.2M	$2.4M	10x	as long as short
Hyperliquid XPL	+0.0100%	1h	0.09578	+0.197%	$60.5M	$46.8M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09565	+0.067%	$247K	$430K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09575	+0.163%	$219K	$47K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09557	−0.021%	$43.3M	$100.5M	75x	as long as short
Bybit XPLUSDT	+0.0100%	4h	0.09556	−0.031%	$45.3M	$54.3M	75x	as long as short
OKX XPL-USDT-SWAPlong	+0.0100%	4h	0.09559	long leg	$8.1M	$48.2M	50x
Bulk XPL-USD	+0.0100%	1h	0.09565	+0.067%	$139K	$0	10x	as long as short
Gate XPL_USDTshort	+0.0100%	4h	0.09561	+0.021%	$3.0M	$3.4M	75x
MEXC XPL_USDT	+0.0100%	4h	0.09560	+0.010%	$12.5M	$6.9M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09561	+0.021%	$2.3M	$1.4M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09567	+0.084%	$9.1M	$9.7M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09558	−0.010%	—	$7.8M	—	as long as short
Variational Omni XPL	+0.0100%	4h	0.09566	+0.071%	$1.7M	$1.9M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09588	+0.308%	$258K	$1.1M	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09600	+0.429%	$25K	$77K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09568	+0.096%	$125K	$2.0M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09540	−0.199%	$3K	$1.7M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09560	+0.010%	$199	$12K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09592	+0.345%	$140K	$184K	20x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09556	−0.036%	$636K	$1.2M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09562	+0.026%	$28K	$18K	3x	as long as short
Phoenix XPL	+0.0251%	1h	0.09600	+0.429%	$194K	$536K	10x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09567	+0.084%	$1.7M	$945K	75x	as long as short
Coinbase International XPL-PERP-INTX	+0.0592%	1h	0.09640	+0.847%	$67K	$90K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.2897%	1h	0.09596	+0.382%	$545K	$988K	10x	as long as short