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

XPL

all XPL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC+0.0340%/8h= +37.2% APRpaid last 24h
Price spread now: BloFin against Reya+28.370%46s7-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 +$10 a day on $10k at the current rate, and BloFin is 28.370% dearer against Reya than usual: you sell high and buy low: +$2,837 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongReya XPLRUSDPERP0.075700get 0.0000% / 1h32m 00s
ShortBloFin XPL-USDT0.097180.0340get 0.0170% / 4h1h 32m$1.7M$1.2M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin 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
$71.4
Price spread: +28.370% → 0.000%
$2,836.97
Slippage, 4 orders
no order book: not counted
Fee Reya: 3 bp × 2 orders
−$6
Fee BloFin: 6 bp × 2 orders
−$12
Net
$2,890.37
Costs to cover
0.180%
Break-even
from the start
Slippage unknown: Reya: no order-book sample; BloFin: live order book, 6 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 BloFin live order book, 6 min ago1.03 bp8.7 bp −$920.0 bp −$20063.6 bp −$6,357doesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Backpack XPL_USDC_PERP−0.0372%1h0.09704+28.185%$176K$281K10xas long as short
Deribit XPL_USDC-PERPETUAL−0.0265%1h0.09707+28.224%$47K$18K25xas long as short
01 Exchange XPLUSD−0.0216%1h0.09719+28.383%$565$7085xas long as short
Lighter XPL−0.0208%1h0.09694+28.053%$4.4M$4.1M10xas long as short
GMX XPL/USD [WBTC.b-USDC]L −0.0105% / S +0.0502%1h0.09711+28.277%$112K100xas long as short
dYdX XPL-USD0.0000%1h0.09729+28.518%$8K5xas long as short
Reya XPLRUSDPERPlong0.0000%1h0.07570long leg
gTrade (Gains Network) XPL/USDL +0.0005% / S −0.0004%1h0.09710+28.267%$72K150xas long as short
Orderly PERP_XPL_USDC+0.0076%4h0.09703+28.172%$29K$335K10xas long as short
Paradex XPL-USD-PERP+0.0088%8h0.09729+28.512%$13K$2K5xas long as short
Show all 36 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Nado XPL-PERP+0.0100%1h0.09710+28.264%$1.4M$2.6M10xas long as short
Hyperliquid XPL+0.0100%1h0.09720+28.390%$62.9M$47.7M10xas long as short
Aster XPLUSDT+0.0100%4h0.09713+28.299%$251K$527K20xas long as short
Pacifica XPL+0.0100%1h0.09734+28.584%$221K$46K10xas long as short
Binance XPLUSDT+0.0100%4h0.09699+28.119%$43.7M$106.4M75xas long as short
Bybit XPLUSDT+0.0100%4h0.09697+28.092%$47.1M$54.1M75xas long as short
OKX XPL-USDT-SWAP+0.0100%4h0.09694+28.053%$8.9M$53.4M50xas long as short
Bulk XPL-USD+0.0100%1h0.09750+28.790%$140K$8K10xas long as short
Gate XPL_USDT+0.0100%4h0.09704+28.185%$3.0M$4.0M75xas long as short
MEXC XPL_USDT+0.0100%4h0.09700+28.132%$12.6M$7.6M100xas long as short
KuCoin XPLUSDTM+0.0100%4h0.09711+28.277%$2.4M$1.4M50xas long as short
Bitget XPLUSDT+0.0100%4h0.09703+28.172%$8.6M$11.1M75xas long as short
BingX XPL-USDT+0.0100%4h0.09699+28.119%$7.9Mas long as short
Variational Omni XPL+0.0100%4h0.09701+28.150%$1.7M$1.9Mas long as short
GRVT XPL_USDT_Perp+0.0100%4h0.09687+27.965%$260K$777K10xas long as short
ApeX Omni XPLUSDT+0.0100%1h0.09700+28.132%$25K$87K50xas long as short
Polymarket Perps XPL-USD+0.0100%1h0.09716+28.342%$129K$2.7M10xas long as short
SunX XPL-USDT+0.0100%4h0.09690+28.000%$3K$2.0M20xas long as short
SoDEX XPL-USD+0.0100%1h0.09700+28.132%$446$10K10xas long as short
HTX XPL-USDT+0.0100%4h0.09708+28.238%$138K$246K20xas long as short
Extended XPL-USD+0.0104%1h0.09694+28.051%$657K$1.1M25xas long as short
Aevo XPL-PERP+0.0104%1h0.09717+28.360%$38K$5K3xas long as short
BloFin XPL-USDTshort+0.0340%4h0.09718+28.370%$1.7M$1.2M75x
Phoenix XPL+0.0412%1h0.09762+28.951%$198K$652K10xas long as short
Coinbase International XPL-PERP-INTX+0.0792%1h0.09760+28.925%$72K$104K50xas long as short
Kraken Futures PF_XPLUSD+0.4602%1h0.09756+28.866%$516K$955K10xas long as short