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% APRpaid last 24h +0.001%

Price spread now: Nado against OKX0.000%7-day average −0.004% · 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−$40as in the Price arb table

costs, in and out, $10k−$400.400% of the position

Long on OKX Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.001%$0 on $10k

Price spread, last 3 days (all we have)+0.202%+$20 · spread now 0.000%, 7d avg −0.004%

Together, before fees+0.204%+ Points / potential airdropNado: Active · farm board+$20 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	0.09799	0.0100	pay 0.0050% / 4h	1m 56s	$8.7M	$55.3M	50x
Short	Nado XPL-PERP	0.09799	0.0100	get 0.0012% / 1h	1m 56s	$1.4M	$2.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → −0.004%: $0.38
Slippage, 4 orders: −$23.02
Fee OKX: 5 bp × 2 orders: −$10
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$39.65
Costs to cover: 0.400%
Break-even: never at this rate

Slippage from OKX: live order book, 2 min ago; Nado: 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 OKX live order book, 2 min ago	0.51 bp	14.7 bp −$15	35.5 bp −$355	doesn't fit	doesn't fit
Sell Nado live order book, 2 min ago	2.04 bp	7.1 bp −$7	16.4 bp −$164	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
Lighter XPL	−0.0536%	1h	0.09787	−0.122%	$4.4M	$4.2M	10x	as long as short
01 Exchange XPLUSD	−0.0360%	1h	0.09802	+0.031%	$570	$708	5x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0149% / S +0.0531%	1h	0.09803	+0.044%	$113K	—	100x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09800	+0.008%	$8K	—	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07570	−22.743%	—	—	—	as long as short
Deribit XPL_USDC-PERPETUAL	0.0000%	1h	0.09803	+0.041%	$47K	$18K	25x	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0003%	1h	0.09803	+0.043%	$76K	—	150x	as long as short
Paradex XPL-USD-PERP	+0.0016%	8h	0.09802	+0.030%	$13K	$2K	5x	as long as short
Orderly PERP_XPL_USDC	+0.0036%	4h	0.09798	−0.010%	$29K	$335K	10x	as long as short
Gate XPL_USDT	+0.0044%	4h	0.09803	+0.041%	$3.1M	$4.1M	75x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado XPL-PERPshort	+0.0100%	1h	0.09799	0.000%	$1.4M	$2.6M	10x
Hyperliquid XPL	+0.0100%	1h	0.09817	+0.189%	$63.3M	$48.1M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09805	+0.063%	$254K	$527K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09806	+0.072%	$223K	$46K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09800	+0.010%	$44.7M	$108.8M	75x	as long as short
Bybit XPLUSDT	+0.0100%	4h	0.09799	0.000%	$47.5M	$55.7M	75x	as long as short
OKX XPL-USDT-SWAPlong	+0.0100%	4h	0.09799	long leg	$8.7M	$55.3M	50x
Bulk XPL-USD	+0.0100%	1h	0.09760	−0.398%	$142K	$9K	10x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09800	+0.010%	$12.9M	$7.7M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09806	+0.071%	$2.4M	$1.5M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09808	+0.092%	$8.8M	$11.1M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09799	0.000%	—	$7.9M	—	as long as short
Backpack XPL_USDC_PERP	+0.0100%	1h	0.09806	+0.071%	$181K	$282K	10x	as long as short
Variational Omni XPL	+0.0100%	4h	0.09760	−0.396%	$1.6M	$1.9M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09768	−0.313%	$259K	$814K	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09780	−0.194%	$25K	$88K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09813	+0.138%	$131K	$2.7M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09770	−0.296%	$3K	$2.0M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09800	+0.010%	$200	$10K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09797	−0.020%	$142K	$242K	20x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09800	+0.006%	$657K	$1.1M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09795	−0.046%	$38K	$5K	3x	as long as short
Phoenix XPL	+0.0327%	1h	0.09782	−0.173%	$198K	$651K	10x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09788	−0.112%	$1.7M	$1.2M	75x	as long as short
Coinbase International XPL-PERP-INTX	+0.0568%	1h	0.09804	+0.051%	$72K	$97K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.5069%	1h	0.09849	+0.512%	$568K	$1.0M	10x	as long as short