Settings8H · net · $10k
Funding arb · Price arb /

XPL

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h
Price spread now: BingX against Reya+28.216%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 daysno history yet
Price spread, last 7 daysno 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 BingX is 28.216% dearer against Reya than usual: you sell high and buy low: +$2,822 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongReya XPLRUSDPERP0.075710get 0.0000% / 1h27m 47s
ShortBingX XPL-USDT0.097070.0100get 0.0050% / 4h2h 27m$8.0M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX 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

Funding earned
$21
Price spread: +28.216% → 0.000%
$2,821.61
Slippage, 4 orders
no order book: not counted
Fee Reya: 3 bp × 2 orders
−$6
Fee BingX: 5 bp × 2 orders
−$10
Net
$2,826.61
Costs to cover
0.160%
Break-even
from the start
Slippage unknown: Reya: no order-book sample; BingX: 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
LegHalf-spread$10k$100k$1M$5M
Buy Reya no order-book sample
Sell BingX live order book, 5 min ago5.65 bp17.3 bp −$1730.5 bp −$30592.6 bp −$9,256doesn'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 35 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Deribit XPL_USDC-PERPETUAL−0.0265%1h0.09711+28.269%$47K$18K25xas long as short
01 Exchange XPLUSD−0.0232%1h0.09688+27.965%$563$7085xas long as short
GMX XPL/USD [WBTC.b-USDC]L −0.0196% / S +0.0561%1h0.09704+28.178%$111K100xas long as short
Backpack XPL_USDC_PERP−0.0093%1h0.09715+28.322%$179K$244K10xas long as short
dYdX XPL-USD0.0000%1h0.09688+27.966%$8K5xas long as short
Reya XPLRUSDPERPlong0.0000%1h0.07571long leg
Orderly PERP_XPL_USDC+0.0002%4h0.09710+28.256%$29K$335K10xas long as short
gTrade (Gains Network) XPL/USDL +0.0005% / S −0.0003%1h0.09710+28.255%$60K150xas long as short
OKX XPL-USDT-SWAP+0.0051%4h0.09707+28.216%$8.4M$55.1M50xas long as short
Paradex XPL-USD-PERP+0.0058%8h0.09685+27.924%$13K$2K5xas long as short
Show all 35 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter XPL+0.0088%1h0.09703+28.163%$4.4M$4.2M10xas long as short
Nado XPL-PERP+0.0100%1h0.09698+28.097%$1.2M$2.8M10xas long as short
Hyperliquid XPL+0.0100%1h0.09719+28.372%$62.3M$47.8M10xas long as short
Aster XPLUSDT+0.0100%4h0.09719+28.370%$247K$513K20xas long as short
Pacifica XPL+0.0100%1h0.09690+27.992%$220K$47K10xas long as short
Binance XPLUSDT+0.0100%4h0.09710+28.262%$44.2M$110.0M75xas long as short
Bybit XPLUSDT+0.0100%4h0.09706+28.203%$46.8M$57.7M75xas long as short
Bulk XPL-USD+0.0100%1h0.09672+27.749%$141K$7K10xas long as short
Gate XPL_USDT+0.0100%4h0.09708+28.229%$3.0M$3.8M75xas long as short
MEXC XPL_USDT+0.0100%4h0.09710+28.256%$12.8M$7.9M100xas long as short
KuCoin XPLUSDTM+0.0100%4h0.09701+28.137%$2.3M$1.5M50xas long as short
Bitget XPLUSDT+0.0100%4h0.09711+28.269%$8.6M$11.3M75xas long as short
BingX XPL-USDTshort+0.0100%4h0.09707+28.216%$8.0M
Variational Omni XPL+0.0100%4h0.09726+28.467%$1.7M$1.9Mas long as short
GRVT XPL_USDT_Perp+0.0100%4h0.09730+28.520%$266K$877K10xas long as short
ApeX Omni XPLUSDT+0.0100%1h0.09730+28.520%$25K$88K50xas long as short
Polymarket Perps XPL-USD+0.0100%1h0.09708+28.224%$130K$2.6M10xas long as short
SunX XPL-USDT+0.0100%4h0.09700+28.124%$2K$1.9M20xas long as short
SoDEX XPL-USD+0.0100%1h0.09710+28.256%$197$11K10xas long as short
HTX XPL-USDT+0.0100%4h0.09703+28.163%$143K$258K20xas long as short
Extended XPL-USD+0.0104%1h0.09706+28.203%$655K$1.1M25xas long as short
Aevo XPL-PERP+0.0104%1h0.09706+28.209%$29K$18K3xas long as short
Phoenix XPL+0.0328%1h0.09715+28.322%$197K$657K10xas long as short
Coinbase International XPL-PERP-INTX+0.0496%1h0.09766+28.995%$78K$95K50xas long as short
Kraken Futures PF_XPLUSD+0.4387%1h0.09750+28.777%$553K$1.0M10xas long as short