Funding arb · Price arb /

XPL

all XPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0077%/8h= +8.5% APRpaid last 24h +0.001%

Price spread now: OKX against Paradex+0.011%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 OKX

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: +$2 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	0.09794	0.0023	pay 0.0023% / 8h	7h 58m	$13K	$2K	5x
Short	OKX XPL-USDT-SWAP	0.09795	0.0100	get 0.0050% / 4h	3h 58m	$8.7M	$55.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.011%Rate

Funding earned: $16.23
Price spread: +0.011% → 0.000%: $1.07
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee OKX: 5 bp × 2 orders: −$10
Net: $3.3
Costs to cover: 0.140%
Break-even: 5.6 days

Slippage unknown: Paradex: no order-book sample; OKX: live order book, 5 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 OKX live order book, 5 min ago	0.51 bp	8.1 bp −$8	33.3 bp −$333	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
Lighter XPL	−0.0312%	1h	0.09782	−0.122%	$4.4M	$4.2M	10x	as long as short
Deribit XPL_USDC-PERPETUAL	−0.0158%	1h	0.09795	+0.011%	$47K	$18K	25x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0150% / S +0.0532%	1h	0.09796	+0.020%	$113K	—	100x	as long as short
01 Exchange XPLUSD	−0.0136%	1h	0.09791	−0.030%	$569	$708	5x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09799	+0.048%	$8K	—	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07570	−22.703%	—	—	—	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0003%	1h	0.09795	+0.014%	$76K	—	150x	as long as short
Paradex XPL-USD-PERPlong	+0.0023%	8h	0.09794	long leg	$13K	$2K	5x
Orderly PERP_XPL_USDC	+0.0035%	4h	0.09793	−0.010%	$29K	$335K	10x	as long as short
Hyperliquid XPL	+0.0100%	1h	0.09814	+0.205%	$63.3M	$48.2M	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	0.09803	+0.090%	$254K	$527K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09798	+0.043%	$223K	$46K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09794	0.000%	$44.7M	$108.9M	75x	as long as short
Bybit XPLUSDT	+0.0100%	4h	0.09795	+0.011%	$47.5M	$55.8M	75x	as long as short
OKX XPL-USDT-SWAPshort	+0.0100%	4h	0.09795	+0.011%	$8.7M	$55.3M	50x
Bulk XPL-USD	+0.0100%	1h	0.09796	+0.016%	$143K	$4K	10x	as long as short
Gate XPL_USDT	+0.0100%	4h	0.09797	+0.031%	$3.1M	$4.0M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09795	+0.011%	$12.9M	$7.6M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09800	+0.062%	$2.4M	$1.5M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09804	+0.103%	$8.8M	$11.1M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09799	+0.052%	—	$7.9M	—	as long as short
Backpack XPL_USDC_PERP	+0.0100%	1h	0.09797	+0.031%	$181K	$281K	10x	as long as short
Variational Omni XPL	+0.0100%	4h	0.09787	−0.069%	$1.6M	$1.9M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09788	−0.056%	$259K	$814K	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09800	+0.062%	$25K	$88K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09806	+0.119%	$131K	$2.7M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09770	−0.245%	$2K	$2.0M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09790	−0.040%	$201	$10K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09797	+0.031%	$142K	$242K	20x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09794	−0.001%	$658K	$1.1M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09799	+0.048%	$38K	$5K	3x	as long as short
Nado XPL-PERP	+0.0287%	1h	0.09795	+0.016%	$1.4M	$2.6M	10x	as long as short
Phoenix XPL	+0.0327%	1h	0.09812	+0.184%	$199K	$650K	10x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09795	+0.011%	$1.8M	$1.2M	75x	as long as short
Coinbase International XPL-PERP-INTX	+0.0376%	1h	0.09804	+0.103%	$72K	$97K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.5053%	1h	0.09846	+0.530%	$569K	$1.0M	10x	as long as short