Funding arb · Price arb /

XPL

all XPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Binance against Pacifica−0.072%7-day average −0.036% · you buy dearer than you sell

Net, funding: paid 7d − costs−$70as in the Funding arb table

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

costs, in and out, $10k−$680.676% of the position

Long on Pacifica Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.029%−$3 on $10k

Price spread, last 4 days (all we have)+0.101%+$10 · spread now −0.072%, 7d avg −0.036%

Together, before fees+0.073%+ Points / potential airdropPacifica: Active · farm board+$7 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 0.036% cheaper against Pacifica than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.036%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica XPL	0.09914	0.0100	pay 0.0013% / 1h	20m 35s	$226K	$46K	10x
Short	Binance XPLUSDT	0.09907	0.0100	get 0.0050% / 4h	3h 20m	$45.4M	$109.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Pacifica. 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 PacificabpFee BinancebpOrdersPrice spread, now −0.072%Rate

Funding earned: $0
Price spread: −0.072% → −0.036%: −$3.6
Slippage, 4 orders: −$49.59
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Binance: 5 bp × 2 orders: −$10
Net: −$71.19
Costs to cover: 0.676%
Break-even: never at this rate

Slippage from Pacifica: live order book, 52 min ago; Binance: live order book, 7 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 Pacifica live order book, 52 min ago	15.44 bp	19.7 bp −$20	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 7 min ago	1.52 bp	10.9 bp −$11	29.1 bp −$291	118.3 bp −$11.8K	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
Deribit XPL_USDC-PERPETUAL	−0.0254%	1h	0.09918	+0.038%	$48K	$18K	25x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0169% / S +0.0544%	1h	0.09922	+0.084%	$114K	—	100x	as long as short
01 Exchange XPLUSD	−0.0160%	1h	0.09910	−0.042%	$576	$708	5x	as long as short
Lighter XPL	0.0000%	1h	0.09902	−0.123%	$4.5M	$4.2M	10x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09909	−0.051%	$8K	—	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−23.639%	—	—	—	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0003%	1h	0.09922	+0.083%	$77K	—	150x	as long as short
Orderly PERP_XPL_USDC	+0.0024%	4h	0.09917	+0.028%	$30K	$335K	10x	as long as short
Paradex XPL-USD-PERP	+0.0047%	8h	0.09910	−0.044%	$13K	$2K	5x	as long as short
Backpack XPL_USDC_PERP	+0.0087%	1h	0.09913	−0.012%	$186K	$271K	10x	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	0.09910	−0.037%	$1.5M	$2.6M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09927	+0.133%	$257K	$534K	20x	as long as short
Pacifica XPLlong	+0.0100%	1h	0.09914	long leg	$226K	$46K	10x
Binance XPLUSDTshort	+0.0100%	4h	0.09907	−0.072%	$45.4M	$109.0M	75x
Bybit XPLUSDT	+0.0100%	4h	0.09901	−0.133%	$48.2M	$56.2M	75x	as long as short
OKX XPL-USDT-SWAP	+0.0100%	4h	0.09898	−0.163%	$8.8M	$56.1M	50x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09880	−0.345%	$144K	$2K	10x	as long as short
Gate XPL_USDT	+0.0100%	4h	0.09908	−0.063%	$3.1M	$4.0M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09903	−0.113%	$13.1M	$7.7M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09911	−0.032%	$2.5M	$1.5M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09916	+0.018%	$8.8M	$11.1M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09909	−0.052%	—	$7.9M	—	as long as short
Variational Omni XPL	+0.0100%	4h	0.09915	+0.007%	$1.8M	$2.0M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09940	+0.260%	$263K	$828K	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09930	+0.159%	$26K	$89K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09918	+0.041%	$133K	$2.7M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09900	−0.143%	$2K	$2.0M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09910	−0.042%	$202	$10K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09880	−0.345%	$143K	$243K	20x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09907	−0.075%	$673K	$1.1M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09954	+0.401%	$30K	$18K	3x	as long as short
Phoenix XPL	+0.0163%	1h	0.09941	+0.270%	$201K	$655K	10x	as long as short
Hyperliquid XPL	+0.0225%	1h	0.09929	+0.153%	$64.4M	$47.1M	10x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09912	−0.022%	$1.8M	$1.2M	75x	as long as short
Coinbase International XPL-PERP-INTX	+0.0376%	1h	0.09980	+0.664%	$74K	$97K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.4993%	1h	0.09965	+0.509%	$576K	$1.0M	10x	as long as short