Funding arb · Price arb /

XPL

all XPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0035%/8h= +3.8% APRpaid last 24h +0.009%

Price spread now: HTX against Paradex−0.016%7-day average — · you buy dearer than you sell

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

Long on Paradex Short on HTX

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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex XPL-USD-PERP	0.09665	0.0065	pay 0.0065% / 8h	2h 12m	$13K	$696	5x
Short	HTX XPL-USDT	0.09663	0.0100	get 0.0050% / 4h	2h 12m	$138K	$191K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.016%Rate

Funding earned: $7.31
Price spread: −0.016% → 0.000%: −$1.61
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee HTX: 6 bp × 2 orders: −$12
Net: −$10.31
Costs to cover: 0.160%
Break-even: 16.9 days

Slippage unknown: Paradex: no order-book sample; HTX: live order book, 34 min ago. 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 HTX live order book, 34 min ago	7.84 bp	61.0 bp −$61	doesn't fit	doesn't fit	doesn't fit

Paradex: 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
01 Exchange XPLUSD	−0.0272%	1h	0.09667	+0.025%	$562	$708	5x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0234% / S +0.0570%	1h	0.09671	+0.069%	$107K	—	100x	as long as short
Deribit XPL_USDC-PERPETUAL	−0.0163%	1h	0.09675	+0.108%	$46K	$18K	25x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09664	−0.008%	$9K	$600	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−21.663%	—	—	—	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09673	+0.083%	$73K	—	150x	as long as short
Orderly PERP_XPL_USDC	+0.0007%	4h	0.09672	+0.077%	$29K	$301K	10x	as long as short
Lighter XPL	+0.0040%	1h	0.09666	+0.015%	$4.4M	$3.0M	10x	as long as short
Paradex XPL-USD-PERPlong	+0.0065%	8h	0.09665	long leg	$13K	$696	5x
Hyperliquid XPL	+0.0100%	1h	0.09682	+0.186%	$61.1M	$46.5M	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster XPLUSDT	+0.0100%	4h	0.09680	+0.160%	$254K	$426K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09672	+0.080%	$221K	$47K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09672	+0.074%	$43.8M	$99.7M	75x	as long as short
Bybit XPLUSDT	+0.0100%	4h	0.09673	+0.087%	$45.8M	$53.8M	75x	as long as short
OKX XPL-USDT-SWAP	+0.0100%	4h	0.09672	+0.077%	$8.1M	$48.8M	50x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09661	−0.034%	$141K	$0	10x	as long as short
Gate XPL_USDT	+0.0100%	4h	0.09669	+0.046%	$3.1M	$3.4M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09673	+0.087%	$12.6M	$7.0M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09665	+0.005%	$2.3M	$1.3M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09678	+0.139%	$9.1M	$9.7M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09669	+0.046%	—	$7.8M	—	as long as short
Backpack XPL_USDC_PERP	+0.0100%	1h	0.09677	+0.129%	$176K	$190K	10x	as long as short
Variational Omni XPL	+0.0100%	4h	0.09638	−0.276%	$1.7M	$1.9M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09635	−0.308%	$257K	$1.1M	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09640	−0.254%	$25K	$77K	50x	as long as short
Nado XPL-PERP	+0.0100%	1h	0.09666	+0.015%	$1.2M	$2.3M	10x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09679	+0.145%	$127K	$1.9M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09650	−0.151%	$3K	$1.7M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09670	+0.056%	$207	$12K	10x	as long as short
HTX XPL-USDTshort	+0.0100%	4h	0.09663	−0.016%	$138K	$191K	20x
Extended XPL-USD	+0.0104%	1h	0.09671	+0.064%	$606K	$1.2M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09673	+0.086%	$29K	$18K	3x	as long as short
Phoenix XPL	+0.0251%	1h	0.09657	−0.078%	$196K	$536K	10x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09660	−0.047%	$1.7M	$946K	75x	as long as short
Coinbase International XPL-PERP-INTX	+0.0592%	1h	0.09687	+0.232%	$66K	$91K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.2867%	1h	0.09699	+0.351%	$551K	$958K	10x	as long as short