Funding arb · Price arb /

XPL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0104%/8h= +11.4% APRnext payment +$0.13 per $10,000 · paid last 24h —

Price spread now: Aevo against Reya+26.806%7-day average — · you sell dearer than you buy

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

Long on Reya Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days—no history yet

Price spread, last 7 days—no price history on both exchanges yet

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

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Aevo is 26.806% dearer against Reya than usual: you sell high and buy low: +$2,681 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	Reya XPLRUSDPERP	0.07571	0	get 0.0000% / 1h	9m 25s	—	—	—
Short	Aevo XPL-PERP	0.09600	0.0104	get 0.0013% / 1h	9m 25s	$28K	$18K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Reya. 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 ReyabpFee AevobpOrdersPrice spread, now +26.806%Rate

Funding earned: $21.84
Price spread: +26.806% → 0.000%: $2,680.59
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Aevo: 8 bp × 2 orders: −$16
Net: $2,680.43
Costs to cover: 0.220%
Break-even: from the start

Slippage unknown: Reya: no order-book sample; Aevo: 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 Reya no order-book sample	—	—	—	—	—
Sell Aevo no order-book sample	—	—	—	—	—

Reya and Aevo: 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
Deribit XPL_USDC-PERPETUAL	−0.0373%	1h	0.09632	+27.229%	$46K	$18K	25x	as long as short
01 Exchange XPLUSD	−0.0368%	1h	0.09603	+26.846%	$558	$708	5x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0304% / S +0.0610%	1h	0.09610	+26.945%	$106K	—	100x	as long as short
Backpack XPL_USDC_PERP	−0.0064%	1h	0.09627	+27.163%	$175K	$190K	10x	as long as short
Bybit XPLUSDT	−0.0011%	4h	0.09605	+26.872%	$45.4M	$54.1M	75x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09629	+27.191%	$9K	$585	5x	as long as short
Reya XPLRUSDPERPlong	0.0000%	1h	0.07571	long leg	—	—	—
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09612	+26.971%	$72K	—	150x	as long as short
Orderly PERP_XPL_USDC	+0.0008%	4h	0.09605	+26.872%	$29K	$339K	10x	as long as short
Lighter XPL	+0.0032%	1h	0.09617	+27.030%	$4.4M	$3.0M	10x	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	+0.0046%	8h	0.09621	+27.084%	$13K	$696	5x	as long as short
Nado XPL-PERP	+0.0100%	1h	0.09616	+27.017%	$1.2M	$2.4M	10x	as long as short
Hyperliquid XPL	+0.0100%	1h	0.09623	+27.104%	$61.0M	$46.4M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09613	+26.972%	$250K	$422K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09627	+27.157%	$220K	$46K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09606	+26.885%	$43.6M	$100.8M	75x	as long as short
OKX XPL-USDT-SWAP	+0.0100%	4h	0.09608	+26.912%	$8.2M	$48.4M	50x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09650	+27.466%	$141K	$5K	10x	as long as short
Gate XPL_USDT	+0.0100%	4h	0.09605	+26.872%	$3.1M	$3.5M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09610	+26.938%	$12.7M	$7.1M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09607	+26.898%	$2.3M	$1.4M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09617	+27.030%	$9.1M	$9.7M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09607	+26.898%	—	$7.8M	—	as long as short
Variational Omni XPL	+0.0100%	4h	0.09633	+27.238%	$1.7M	$1.9M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09655	+27.535%	$260K	$1.1M	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09670	+27.731%	$25K	$78K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09622	+27.099%	$128K	$1.9M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09620	+27.070%	$3K	$1.7M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09630	+27.202%	$200	$12K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09634	+27.255%	$141K	$185K	20x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09612	+26.971%	$653K	$1.1M	25x	as long as short
Aevo XPL-PERPshort	+0.0104%	1h	0.09600	+26.806%	$28K	$18K	3x
Phoenix XPL	+0.0248%	1h	0.09670	+27.731%	$196K	$573K	10x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09639	+27.321%	$1.8M	$959K	75x	as long as short
Coinbase International XPL-PERP-INTX	+0.0640%	1h	0.09708	+28.232%	$75K	$76K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.3116%	1h	0.09665	+27.667%	$550K	$990K	10x	as long as short