Funding arb · Price arb /

XPL

all XPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0079%/8h= +8.7% APRpaid last 24h +0.001%

Price spread now: ApeX Omni against Paradex+0.117%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Paradex Short on ApeX Omni

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 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and ApeX Omni is 0.117% dearer against Paradex than usual: you sell high and buy low: +$12 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex XPL-USD-PERP	0.09789	0.0021	pay 0.0021% / 8h	7h 58m	$13K	$2K	5x
Short	ApeX Omni XPLUSDT	0.09800	0.0100	get 0.0013% / 1h	58m 47s	$25K	$88K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Paradex. 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 ParadexbpFee ApeX OmnibpOrdersPrice spread, now +0.117%Rate

Funding earned: $16.61
Price spread: +0.117% → 0.000%: $11.69
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: $14.3
Costs to cover: 0.140%
Break-even: 1.0 days

Slippage unknown: Paradex: no order-book sample; ApeX Omni: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Paradex no order-book sample	—	—	—	—	—
Sell ApeX Omni no order-book sample	—	—	—	—	—

Paradex and ApeX Omni: 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter XPL	−0.0312%	1h	0.09782	−0.067%	$4.4M	$4.2M	10x	as long as short
Deribit XPL_USDC-PERPETUAL	−0.0158%	1h	0.09795	+0.066%	$47K	$18K	25x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0150% / S +0.0532%	1h	0.09796	+0.075%	$113K	—	100x	as long as short
01 Exchange XPLUSD	−0.0016%	1h	0.09787	−0.016%	$569	$708	5x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09799	+0.107%	$8K	—	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07570	−22.661%	—	—	—	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0003%	1h	0.09795	+0.069%	$76K	—	150x	as long as short
Paradex XPL-USD-PERPlong	+0.0021%	8h	0.09789	long leg	$13K	$2K	5x
Orderly PERP_XPL_USDC	+0.0035%	4h	0.09793	+0.045%	$29K	$335K	10x	as long as short
Gate XPL_USDT	+0.0050%	4h	0.09794	+0.056%	$3.1M	$4.0M	75x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid XPL	+0.0100%	1h	0.09814	+0.260%	$63.3M	$48.2M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09797	+0.082%	$254K	$527K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09793	+0.041%	$223K	$46K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09797	+0.091%	$44.7M	$108.9M	75x	as long as short
Bybit XPLUSDT	+0.0100%	4h	0.09799	+0.107%	$47.5M	$55.8M	75x	as long as short
OKX XPL-USDT-SWAP	+0.0100%	4h	0.09795	+0.066%	$8.7M	$55.3M	50x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09760	−0.292%	$142K	$9K	10x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09794	+0.056%	$12.9M	$7.6M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09796	+0.076%	$2.4M	$1.5M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09802	+0.137%	$8.8M	$11.1M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09798	+0.097%	—	$7.9M	—	as long as short
Backpack XPL_USDC_PERP	+0.0100%	1h	0.09797	+0.086%	$181K	$281K	10x	as long as short
Variational Omni XPL	+0.0100%	4h	0.09787	−0.014%	$1.6M	$1.9M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09788	−0.001%	$259K	$814K	10x	as long as short
ApeX Omni XPLUSDTshort	+0.0100%	1h	0.09800	+0.117%	$25K	$88K	50x
Polymarket Perps XPL-USD	+0.0100%	1h	0.09806	+0.174%	$131K	$2.7M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09770	−0.190%	$2K	$2.0M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09790	+0.015%	$201	$10K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09797	+0.086%	$142K	$242K	20x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09793	+0.041%	$658K	$1.1M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09799	+0.104%	$38K	$5K	3x	as long as short
Nado XPL-PERP	+0.0287%	1h	0.09795	+0.071%	$1.4M	$2.6M	10x	as long as short
Phoenix XPL	+0.0327%	1h	0.09812	+0.240%	$199K	$650K	10x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09795	+0.066%	$1.8M	$1.2M	75x	as long as short
Coinbase International XPL-PERP-INTX	+0.0376%	1h	0.09804	+0.158%	$72K	$97K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.5053%	1h	0.09846	+0.585%	$569K	$1.0M	10x	as long as short