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% APRpaid last 24h 0.000%

Price spread now: MEXC against Pacifica−0.037%7-day average −0.027% · you buy dearer than you sell

Net, funding: paid 7d − costs−$61as in the Funding arb table

Net, price: spread back to 7d avg − costs−$59as in the Price arb table

costs, in and out, $10k−$580.581% of the position

Long on Pacifica Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.024%−$2 on $10k

Price spread, last 4 days (all we have)+0.280%+$28 · spread now −0.037%, 7d avg −0.027%

Together, before fees+0.256%+ Points / potential airdropPacifica: Active · farm board+$26 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica XPL	0.09582	0.0100	pay 0.0013% / 1h	58m 44s	$219K	$46K	10x
Short	MEXC XPL_USDT	0.09579	0.0100	get 0.0050% / 4h	58m 44s	$12.5M	$6.5M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.037%Rate

Funding earned: $0
Price spread: −0.037% → −0.027%: −$1
Slippage, 4 orders: −$50.12
Fee Pacifica: 4 bp × 2 orders: −$8
Fee MEXC: 0 bp × 2 orders: $0
Net: −$59.12
Costs to cover: 0.581%
Break-even: never at this rate

Slippage from Pacifica: live order book, 44 min ago; MEXC: live order book, 5 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, 44 min ago	10.41 bp	18.0 bp −$18	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 5 min ago	1.04 bp	3.2 bp −$3	7.4 bp −$74	78.5 bp −$7,847	226.8 bp −$113.4K

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	−0.1264%	1h	0.09565	−0.183%	$4.3M	$3.1M	10x	as long as short
Deribit XPL_USDC-PERPETUAL	−0.0584%	1h	0.09584	+0.016%	$46K	$18K	25x	as long as short
01 Exchange XPLUSD	−0.0464%	1h	0.09600	+0.183%	$558	$873	5x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0313% / S +0.0615%	1h	0.09588	+0.053%	$106K	—	100x	as long as short
Backpack XPL_USDC_PERP	−0.0186%	1h	0.09576	−0.068%	$179K	$187K	10x	as long as short
Orderly PERP_XPL_USDC	−0.0010%	4h	0.09581	−0.016%	$30K	$246K	10x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09587	+0.048%	$9K	$600	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−20.993%	—	—	—	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09588	+0.052%	$72K	—	150x	as long as short
Paradex XPL-USD-PERP	+0.0038%	8h	0.09575	−0.076%	$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	0.09588	+0.052%	$1.2M	$2.2M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09583	+0.006%	$253K	$420K	20x	as long as short
Pacifica XPLlong	+0.0100%	1h	0.09582	long leg	$219K	$46K	10x
Binance XPLUSDT	+0.0100%	4h	0.09576	−0.068%	$43.4M	$97.7M	75x	as long as short
Bybit XPLUSDT	+0.0100%	4h	0.09572	−0.110%	$45.6M	$53.5M	75x	as long as short
OKX XPL-USDT-SWAP	+0.0100%	4h	0.09574	−0.089%	$7.8M	$47.7M	50x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09614	+0.329%	$140K	$0	10x	as long as short
Gate XPL_USDT	+0.0100%	4h	0.09578	−0.047%	$3.0M	$3.3M	75x	as long as short
MEXC XPL_USDTshort	+0.0100%	4h	0.09579	−0.037%	$12.5M	$6.5M	100x
KuCoin XPLUSDTM	+0.0100%	4h	0.09574	−0.089%	$2.3M	$1.2M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09587	+0.047%	$9.0M	$9.8M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09576	−0.068%	—	$7.8M	—	as long as short
Variational Omni XPL	+0.0100%	4h	0.09615	+0.337%	$1.7M	$2.0M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09618	+0.372%	$262K	$1.3M	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09630	+0.496%	$25K	$75K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09613	+0.322%	$126K	$1.8M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09560	−0.235%	$2K	$1.6M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09580	−0.026%	$193	$9K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09616	+0.350%	$133K	$213K	20x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09573	−0.101%	$601K	$1.2M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09585	+0.026%	$28K	$18K	3x	as long as short
Hyperliquid XPL	+0.0112%	1h	0.09597	+0.154%	$60.7M	$46.1M	10x	as long as short
Phoenix XPL	+0.0248%	1h	0.09637	+0.569%	$195K	$489K	10x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09583	+0.005%	$1.7M	$931K	75x	as long as short
Coinbase International XPL-PERP-INTX	+0.0808%	1h	0.09718	+1.414%	$66K	$92K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.2726%	1h	0.09623	+0.421%	$546K	$932K	10x	as long as short