Funding arb · Price arb /

XPL

all XPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: SunX against Pacifica0.000%7-day average −0.208% · you sell dearer than you buy

Net, funding: paid 7d − costs−$367as in the Funding arb table

Net, price: spread back to 7d avg − costs−$347as in the Price arb table

costs, in and out, $10k−$3673.675% of the position

Long on Pacifica Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)−0.455%−$46 · spread now 0.000%, 7d avg −0.208%

Together, before fees−0.455%+ Points / potential airdropPacifica: Active · farm board−$46 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: SunX is 0.208% dearer against Pacifica than usual: you sell high and buy low, +$21 on $10k if it goes back to its 7-day average of −0.208%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica XPL	0.09630	0.0100	pay 0.0013% / 1h	3m 44s	$220K	$46K	10x
Short	SunX XPL-USDT	0.09630	0.0100	get 0.0050% / 4h	3m 44s	$2K	$1.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → −0.208%: $20.85
Slippage, 4 orders: −$351.46
Fee Pacifica: 4 bp × 2 orders: −$8
Fee SunX: 4 bp × 2 orders: −$8
Net: −$346.62
Costs to cover: 3.675%
Break-even: never at this rate

Slippage from Pacifica: live order book, 54 min ago; SunX: live order book, 12 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, 54 min ago	15.70 bp	23.0 bp −$23	doesn't fit	doesn't fit	doesn't fit
Sell SunX live order book, 12 min ago	36.40 bp	152.4 bp −$152	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
01 Exchange XPLUSD	−0.0376%	1h	0.09622	−0.083%	$559	$708	5x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0304% / S +0.0610%	1h	0.09649	+0.198%	$106K	—	100x	as long as short
Backpack XPL_USDC_PERP	−0.0144%	1h	0.09662	+0.332%	$178K	$224K	10x	as long as short
Bybit XPLUSDT	−0.0098%	4h	0.09651	+0.218%	$45.7M	$54.6M	75x	as long as short
Deribit XPL_USDC-PERPETUAL	−0.0061%	1h	0.09646	+0.166%	$46K	$18K	25x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09662	+0.328%	$9K	$585	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−21.382%	—	—	—	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09648	+0.186%	$73K	—	150x	as long as short
Orderly PERP_XPL_USDC	+0.0019%	4h	0.09641	+0.114%	$29K	$339K	10x	as long as short
Paradex XPL-USD-PERP	+0.0063%	8h	0.09621	−0.091%	$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
Gate XPL_USDT	+0.0086%	4h	0.09652	+0.228%	$3.0M	$3.6M	75x	as long as short
Lighter XPL	+0.0096%	1h	0.09647	+0.177%	$4.4M	$3.3M	10x	as long as short
Hyperliquid XPL	+0.0100%	1h	0.09666	+0.370%	$61.0M	$46.9M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09664	+0.352%	$252K	$469K	20x	as long as short
Pacifica XPLlong	+0.0100%	1h	0.09630	long leg	$220K	$46K	10x
Binance XPLUSDT	+0.0100%	4h	0.09653	+0.239%	$43.8M	$102.9M	75x	as long as short
OKX XPL-USDT-SWAP	+0.0100%	4h	0.09651	+0.218%	$8.3M	$49.4M	50x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09631	+0.014%	$140K	$5K	10x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09654	+0.249%	$12.4M	$7.8M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09649	+0.197%	$2.3M	$1.4M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09660	+0.312%	$8.8M	$10.1M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09651	+0.218%	—	$7.9M	—	as long as short
Variational Omni XPL	+0.0100%	4h	0.09643	+0.133%	$1.7M	$1.9M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09651	+0.218%	$260K	$993K	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09660	+0.312%	$25K	$78K	50x	as long as short
Nado XPL-PERP	+0.0100%	1h	0.09632	+0.026%	$1.2M	$2.6M	10x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09647	+0.181%	$126K	$2.0M	10x	as long as short
SunX XPL-USDTshort	+0.0100%	4h	0.09630	0.000%	$2K	$1.8M	20x
SoDEX XPL-USD	+0.0100%	1h	0.09650	+0.208%	$202	$12K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09639	+0.093%	$141K	$206K	20x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09653	+0.236%	$653K	$1.1M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09641	+0.114%	$29K	$18K	3x	as long as short
Phoenix XPL	+0.0334%	1h	0.09670	+0.415%	$196K	$617K	10x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09627	−0.031%	$1.7M	$982K	75x	as long as short
Coinbase International XPL-PERP-INTX	+0.0616%	1h	0.09698	+0.706%	$75K	$86K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.3294%	1h	0.09683	+0.551%	$549K	$977K	10x	as long as short