Settings8H · net · $10k
Funding arb · Price arb /

XPL

all XPL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC−0.0468%/8h= −51.2% APRnext payment $0.58 per $10,000 · paid last 24h −0.053%
Price spread now: 01 Exchange against Pacifica−0.049%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropPacifica: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$14 a day on $10k at the current rate, and 01 Exchange is 0.049% cheaper against Pacifica than usual: you would sell low and buy high (−$5 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPacifica XPL0.095580.0100pay 0.0013% / 1h53m 05s$218K$48K10x
Short01 Exchange XPLUSD0.09553−0.0368pay 0.0046% / 1h53m 05s$555$7085x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

01 Exchange 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

Funding earned
−$98.28
Price spread: −0.049% → 0.000%
−$4.92
Slippage, 4 orders
no order book: not counted
Fee Pacifica: 4 bp × 2 orders
−$8
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Net
−$118.2
Costs to cover
0.150%
Break-even
never at this rate
Slippage unknown: Pacifica: live order book, 5 min ago; 01 Exchange: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Pacifica live order book, 5 min ago15.70 bp23.0 bp −$23doesn't fitdoesn't fitdoesn't fit
Sell 01 Exchange no order-book sample
01 Exchange: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

XPL on 36 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
01 Exchange XPLUSDshort−0.0368%1h0.09553−0.049%$555$7085x
GMX XPL/USD [WBTC.b-USDC]L −0.0289% / S +0.0600%1h0.09564+0.068%$105K100xas long as short
Backpack XPL_USDC_PERP−0.0170%1h0.09565+0.076%$177K$228K10xas long as short
Bybit XPLUSDT−0.0124%4h0.09557−0.007%$45.3M$56.0M75xas long as short
Deribit XPL_USDC-PERPETUAL−0.0064%1h0.09564+0.066%$46K$18K25xas long as short
dYdX XPL-USD0.0000%1h0.09553−0.048%$8K5xas long as short
Reya XPLRUSDPERP0.0000%1h0.07571−20.789%as long as short
Orderly PERP_XPL_USDC+0.0003%4h0.09562+0.045%$29K$335K10xas long as short
gTrade (Gains Network) XPL/USDL +0.0005% / S −0.0004%1h0.09565+0.076%$72K150xas long as short
Paradex XPL-USD-PERP+0.0069%8h0.09552−0.058%$12K$2K5xas long as short
Show all 36 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX XPL-USDT-SWAP+0.0088%4h0.09564+0.066%$8.2M$50.2M50xas long as short
Lighter XPL+0.0096%1h0.09552−0.060%$4.3M$3.3M10xas long as short
Nado XPL-PERP+0.0100%1h0.09561+0.040%$1.2M$2.7M10xas long as short
Hyperliquid XPL+0.0100%1h0.09574+0.172%$60.0M$47.1M10xas long as short
Aster XPLUSDT+0.0100%4h0.09568+0.112%$243K$477K20xas long as short
Pacifica XPLlong+0.0100%1h0.09558long leg$218K$48K10x
Binance XPLUSDT+0.0100%4h0.09559+0.011%$43.3M$105.7M75xas long as short
Gate XPL_USDT+0.0100%4h0.09562+0.045%$3.0M$3.5M75xas long as short
MEXC XPL_USDT+0.0100%4h0.09559+0.014%$12.3M$7.7M100xas long as short
KuCoin XPLUSDTM+0.0100%4h0.09563+0.055%$2.3M$1.4M50xas long as short
Bitget XPLUSDT+0.0100%4h0.09567+0.097%$8.5M$10.5M75xas long as short
BingX XPL-USDT+0.0100%4h0.09561+0.035%$7.9Mas long as short
Variational Omni XPL+0.0100%4h0.09536−0.228%$1.7M$1.8Mas long as short
GRVT XPL_USDT_Perp+0.0100%4h0.09565+0.078%$262K$941K10xas long as short
ApeX Omni XPLUSDT+0.0100%1h0.09570+0.129%$25K$83K50xas long as short
Polymarket Perps XPL-USD+0.0100%1h0.09572+0.154%$127K$2.1M10xas long as short
SunX XPL-USDT+0.0100%4h0.09550−0.081%$3K$1.8M20xas long as short
SoDEX XPL-USD+0.0100%1h0.09560+0.024%$2K$11K10xas long as short
HTX XPL-USDT+0.0100%4h0.09565+0.076%$143K$238K20xas long as short
Bulk XPL-USD+0.0100%1h0.09565+0.076%$139K$5K10xas long as short
Extended XPL-USD+0.0104%1h0.09563+0.060%$647K$1.1M25xas long as short
Aevo XPL-PERP+0.0104%1h0.09560+0.024%$28K$18K3xas long as short
Phoenix XPL+0.0334%1h0.09568+0.108%$194K$617K10xas long as short
BloFin XPL-USDT+0.0340%4h0.09562+0.045%$1.7M$993K75xas long as short
Coinbase International XPL-PERP-INTX+0.0616%1h0.09606+0.505%$74K$86K50xas long as short
Kraken Futures PF_XPLUSD+0.3324%1h0.09597+0.413%$543K$978K10xas long as short