Funding arb · Price arb /

XPL

all XPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Pacifica against OKX−0.063%7-day average +0.025% · you buy dearer than you sell

Net, funding: paid 7d − costs−$60as in the Funding arb table

Net, price: spread back to 7d avg − costs−$76as in the Price arb table

costs, in and out, $10k−$670.671% of the position

Long on OKX Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.069%+$7 on $10k

Price spread, last 4 days (all we have)+0.181%+$18 · spread now −0.063%, 7d avg +0.025%

Together, before fees+0.250%+ Points / potential airdropPacifica: Active · farm board+$25 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: Pacifica is 0.088% cheaper against OKX than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of +0.025%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX XPL-USDT-SWAP	0.09738	0.0100	pay 0.0050% / 4h	2h 54m	$9.0M	$52.7M	50x
Short	Pacifica XPL	0.09732	0.0100	get 0.0013% / 1h	54m 21s	$220K	$19K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now −0.063%Rate

Funding earned: $0
Price spread: −0.063% → +0.025%: −$8.78
Slippage, 4 orders: −$49.1
Fee OKX: 5 bp × 2 orders: −$10
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$75.88
Costs to cover: 0.671%
Break-even: never at this rate

Slippage from OKX: live order book, 4 min ago; Pacifica: live order book, 33 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, 4 min ago	0.51 bp	11.2 bp −$11	32.3 bp −$323	doesn't fit	doesn't fit
Sell Pacifica live order book, 33 min ago	10.08 bp	20.0 bp −$20	doesn't fit	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	−0.0408%	1h	0.09718	−0.205%	$4.4M	$4.2M	10x	as long as short
Backpack XPL_USDC_PERP	−0.0186%	1h	0.09793	+0.565%	$183K	$282K	10x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0066% / S +0.0476%	1h	0.09743	+0.047%	$111K	—	100x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09738	+0.005%	$8K	—	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−22.254%	—	—	—	as long as short
Deribit XPL_USDC-PERPETUAL	0.0000%	1h	0.09744	+0.062%	$47K	$18K	25x	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09741	+0.032%	$72K	—	150x	as long as short
01 Exchange XPLUSD	+0.0016%	1h	0.09787	+0.503%	$569	$582	5x	as long as short
Orderly PERP_XPL_USDC	+0.0079%	4h	0.09739	+0.010%	$27K	$333K	10x	as long as short
Paradex XPL-USD-PERP	+0.0096%	8h	0.09726	−0.119%	$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
Nado XPL-PERP	+0.0100%	1h	0.09717	−0.218%	$1.4M	$2.6M	10x	as long as short
Hyperliquid XPL	+0.0100%	1h	0.09728	−0.100%	$63.4M	$46.3M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09722	−0.169%	$252K	$515K	20x	as long as short
Pacifica XPLshort	+0.0100%	1h	0.09732	−0.063%	$220K	$19K	10x
Binance XPLUSDT	+0.0100%	4h	0.09739	+0.010%	$44.4M	$103.3M	75x	as long as short
Bybit XPLUSDT	+0.0100%	4h	0.09735	−0.031%	$47.0M	$52.2M	75x	as long as short
OKX XPL-USDT-SWAPlong	+0.0100%	4h	0.09738	long leg	$9.0M	$52.7M	50x
Bulk XPL-USD	+0.0100%	1h	0.09901	+1.674%	$143K	$11K	10x	as long as short
Gate XPL_USDT	+0.0100%	4h	0.09732	−0.062%	$3.0M	$4.0M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09740	+0.021%	$13.0M	$7.6M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09719	−0.195%	$2.4M	$1.4M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09747	+0.092%	$8.6M	$11.0M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09737	−0.010%	—	$7.9M	—	as long as short
Variational Omni XPL	+0.0100%	4h	0.09837	+1.021%	$1.7M	$1.9M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09841	+1.059%	$267K	$782K	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09840	+1.047%	$25K	$82K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09728	−0.104%	$131K	$2.7M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09720	−0.185%	$2K	$2.0M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09740	+0.021%	$205	$10K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09742	+0.041%	$138K	$245K	20x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09738	−0.005%	$654K	$1.1M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09746	+0.081%	$38K	$5K	3x	as long as short
Phoenix XPL	+0.0318%	1h	0.09887	+1.530%	$202K	$646K	10x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09798	+0.616%	$1.8M	$1.2M	75x	as long as short
Coinbase International XPL-PERP-INTX	+0.0824%	1h	0.09965	+2.331%	$75K	$106K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.3472%	1h	0.09848	+1.128%	$397K	$805K	10x	as long as short