Funding arb · Price arb /

XPL

all XPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.002%

Price spread now: Gate against Polymarket Perps−0.073%7-day average −0.076% · you buy dearer than you sell

Net, funding: paid 7d − costs−$72as in the Funding arb table

Net, price: spread back to 7d avg − costs−$59as in the Price arb table

costs, in and out, $10k−$590.594% of the position

Long on Polymarket Perps Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.128%−$13 on $10k

Price spread, last 7 days+0.109%+$11 · spread now −0.073%, 7d avg −0.076%

Together, before fees−0.019%−$2 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps XPL-USD	0.09582	0.0100	pay 0.0013% / 1h	44m 15s	$127K	$2.6M	10x
Short	Gate XPL_USDT	0.09575	0.0100	get 0.0050% / 4h	1h 44m	$2.9M	$3.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Polymarket Perps. 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 Polymarket PerpsbpFee GatebpOrdersPrice spread, now −0.073%Rate

Funding earned: $0
Price spread: −0.073% → −0.076%: $0.34
Slippage, 4 orders: −$36.38
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$59.05
Costs to cover: 0.594%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 5 min ago; Gate: live order book, 4 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 Polymarket Perps live order book, 5 min ago	1.83 bp	5.8 bp −$6	5.9 bp −$59	doesn't fit	doesn't fit
Sell Gate live order book, 4 min ago	3.66 bp	22.3 bp −$22	136.2 bp −$1,362	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
Backpack XPL_USDC_PERP	−0.0710%	1h	0.09571	−0.115%	$179K	$242K	10x	as long as short
01 Exchange XPLUSD	−0.0424%	1h	0.09567	−0.157%	$556	$708	5x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0245% / S +0.0574%	1h	0.09582	+0.002%	$105K	—	100x	as long as short
Deribit XPL_USDC-PERPETUAL	−0.0063%	1h	0.09586	+0.042%	$46K	$18K	25x	as long as short
Orderly PERP_XPL_USDC	−0.0004%	4h	0.09581	−0.010%	$29K	$335K	10x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09564	−0.190%	$8K	—	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−20.990%	—	—	—	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09583	+0.011%	$72K	—	150x	as long as short
Lighter XPL	+0.0008%	1h	0.09577	−0.052%	$4.3M	$4.2M	10x	as long as short
OKX XPL-USDT-SWAP	+0.0033%	4h	0.09590	+0.083%	$8.3M	$53.1M	50x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex XPL-USD-PERP	+0.0050%	8h	0.09567	−0.161%	$12K	$2K	5x	as long as short
Nado XPL-PERP	+0.0100%	1h	0.09577	−0.055%	$1.2M	$2.8M	10x	as long as short
Hyperliquid XPL	+0.0100%	1h	0.09586	+0.044%	$60.3M	$48.1M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09582	−0.002%	$243K	$500K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09570	−0.125%	$218K	$47K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09585	+0.034%	$43.5M	$108.6M	75x	as long as short
Bybit XPLUSDT	+0.0100%	4h	0.09582	0.000%	$45.5M	$56.8M	75x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09540	−0.438%	$139K	$7K	10x	as long as short
Gate XPL_USDTshort	+0.0100%	4h	0.09575	−0.073%	$2.9M	$3.7M	75x
MEXC XPL_USDT	+0.0100%	4h	0.09587	+0.052%	$12.4M	$7.9M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09569	−0.136%	$2.3M	$1.5M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09587	+0.052%	$8.5M	$11.1M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09582	0.000%	—	$8.0M	—	as long as short
Variational Omni XPL	+0.0100%	4h	0.09526	−0.586%	$1.7M	$1.8M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09550	−0.334%	$258K	$901K	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09550	−0.334%	$25K	$83K	50x	as long as short
Polymarket Perps XPL-USDlong	+0.0100%	1h	0.09582	long leg	$127K	$2.6M	10x
SunX XPL-USDT	+0.0100%	4h	0.09570	−0.125%	$2K	$1.9M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09580	−0.021%	$2K	$11K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09574	−0.083%	$144K	$264K	20x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09583	+0.015%	$632K	$1.1M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09578	−0.038%	$28K	$18K	3x	as long as short
Phoenix XPL	+0.0248%	1h	0.09573	−0.094%	$194K	$629K	10x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09561	−0.219%	$1.7M	$1.0M	75x	as long as short
Coinbase International XPL-PERP-INTX	+0.0672%	1h	0.09586	+0.042%	$74K	$92K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.3575%	1h	0.09615	+0.342%	$545K	$1.0M	10x	as long as short