Funding arb · Price arb /

XPL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h —

Price spread now: Binance against Reya+31.291%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 Binance

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 Binance is 31.291% dearer against Reya than usual: you sell high and buy low: +$3,129 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	14m 08s	—	—	—
Short	Binance XPLUSDT	0.09939	0.0100	get 0.0050% / 4h	3h 14m	$45.5M	$108.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now +31.291%Rate

Funding earned: $21
Price spread: +31.291% → 0.000%: $3,129.06
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Binance: 5 bp × 2 orders: −$10
Net: $3,134.06
Costs to cover: 0.160%
Break-even: from the start

Slippage unknown: Reya: no order-book sample; Binance: live order book, 14 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 Reya no order-book sample	—	—	—	—	—
Sell Binance live order book, 14 min ago	1.52 bp	10.9 bp −$11	29.1 bp −$291	118.3 bp −$11.8K	doesn't fit

Reya: 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	−0.0192%	1h	0.09914	+30.955%	$576	$708	5x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0172% / S +0.0546%	1h	0.09940	+31.304%	$114K	—	100x	as long as short
Deribit XPL_USDC-PERPETUAL	−0.0052%	1h	0.09937	+31.259%	$48K	$18K	25x	as long as short
Lighter XPL	0.0000%	1h	0.09930	+31.166%	$4.5M	$4.2M	10x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09923	+31.073%	$8K	—	5x	as long as short
Reya XPLRUSDPERPlong	0.0000%	1h	0.07571	long leg	—	—	—
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0003%	1h	0.09938	+31.273%	$78K	—	150x	as long as short
Orderly PERP_XPL_USDC	+0.0020%	4h	0.09932	+31.193%	$30K	$335K	10x	as long as short
Paradex XPL-USD-PERP	+0.0045%	8h	0.09919	+31.025%	$13K	$2K	5x	as long as short
OKX XPL-USDT-SWAP	+0.0092%	4h	0.09906	+30.849%	$8.8M	$56.2M	50x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado XPL-PERP	+0.0100%	1h	0.09920	+31.037%	$1.5M	$2.6M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09947	+31.391%	$257K	$536K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09920	+31.034%	$226K	$46K	10x	as long as short
Binance XPLUSDTshort	+0.0100%	4h	0.09939	+31.291%	$45.5M	$108.9M	75x
Bybit XPLUSDT	+0.0100%	4h	0.09940	+31.298%	$48.3M	$56.1M	75x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09870	+30.374%	$144K	$2K	10x	as long as short
Gate XPL_USDT	+0.0100%	4h	0.09941	+31.311%	$3.1M	$4.0M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09939	+31.285%	$13.2M	$7.7M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09942	+31.325%	$2.4M	$1.5M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09949	+31.417%	$9.0M	$11.2M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09942	+31.325%	—	$8.0M	—	as long as short
Backpack XPL_USDC_PERP	+0.0100%	1h	0.09946	+31.378%	$187K	$253K	10x	as long as short
Variational Omni XPL	+0.0100%	4h	0.09912	+30.928%	$1.8M	$2.0M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09914	+30.955%	$263K	$844K	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09910	+30.902%	$26K	$89K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09936	+31.240%	$133K	$2.7M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09910	+30.902%	$3K	$2.0M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09930	+31.166%	$499	$11K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09929	+31.153%	$144K	$243K	20x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09931	+31.183%	$673K	$1.1M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09940	+31.304%	$30K	$18K	3x	as long as short
Phoenix XPL	+0.0163%	1h	0.09918	+31.008%	$201K	$655K	10x	as long as short
Hyperliquid XPL	+0.0195%	1h	0.09960	+31.566%	$64.6M	$47.1M	10x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09929	+31.153%	$1.8M	$1.2M	75x	as long as short
Coinbase International XPL-PERP-INTX	+0.0376%	1h	0.09980	+31.827%	$74K	$97K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.4983%	1h	0.09984	+31.886%	$577K	$1.0M	10x	as long as short