Funding arb · Price arb /

XPL

all XPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.00 per $10,000 · paid last 24h —

Price spread now: gTrade (Gains Network) against Reya+23.230%116s7-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 gTrade (Gains Network)

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

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: gTrade (Gains Network) is 23.230% dearer against Reya than usual: you sell high and buy low, +$2,323 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 116 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya XPLRUSDPERP	0.07571	0	get 0.0000% / 1h	29m 13s	—	—	—
Short	gTrade (Gains Network) XPL/USD	0.09329	L +0.0005% / S −0.0004%	get 0.0000% / 1h	29m 13s	$70K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now +23.230%Rate

Funding earned: $0.83
Price spread: +23.230% → 0.000%: $2,322.95
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: $2,307.79
Costs to cover: 0.160%
Break-even: from the start

Slippage unknown: Reya: no order-book sample; gTrade (Gains Network): 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—

Reya and gTrade (Gains Network): 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 exchanges

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	−0.0928%	1h	0.09288	+22.685%	$540	$873	5x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0450% / S +0.0696%	1h	0.09307	+22.932%	$103K	—	100x	as long as short
Lighter XPL	−0.0400%	1h	0.09301	+22.857%	$4.2M	$3.1M	10x	as long as short
Bybit XPLUSDT	−0.0354%	4h	0.09315	+23.042%	$43.6M	$54.7M	75x	as long as short
Deribit XPL_USDC-PERPETUAL	−0.0287%	1h	0.09305	+22.910%	$46K	$18K	25x	as long as short
Orderly PERP_XPL_USDC	−0.0114%	4h	0.09298	+22.817%	$29K	$144K	10x	as long as short
Paradex XPL-USD-PERP	−0.0113%	8h	0.09319	+23.097%	$12K	$696	5x	as long as short
Backpack XPL_USDC_PERP	−0.0111%	1h	0.09315	+23.042%	$186K	$175K	10x	as long as short
Extended XPL-USD	−0.0104%	1h	0.09302	+22.877%	$589K	$1.2M	25x	as long as short
Binance XPLUSDT	−0.0070%	4h	0.09308	+22.950%	$42.6M	$98.9M	75x	as long as short

Show all 36 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC XPL_USDT	−0.0068%	4h	0.09307	+22.936%	$12.7M	$6.6M	100x	as long as short
OKX XPL-USDT-SWAP	−0.0016%	4h	0.09315	+23.042%	$7.1M	$47.6M	50x	as long as short
Reya XPLRUSDPERPlong	0.0000%	1h	0.07571	long leg	—	—	—
gTrade (Gains Network) XPL/USDshort	L +0.0005% / S −0.0004%	1h	0.09329	+23.230%	$70K	—	150x
Gate XPL_USDT	+0.0030%	4h	0.09299	+22.831%	$2.8M	$3.3M	75x	as long as short
Aevo XPL-PERP	+0.0064%	1h	0.09305	+22.910%	$28K	$18K	3x	as long as short
Nado XPL-PERP	+0.0100%	1h	0.09307	+22.933%	$1.2M	$2.3M	10x	as long as short
Hyperliquid XPL	+0.0100%	1h	0.09317	+23.071%	$57.7M	$43.7M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09310	+22.976%	$241K	$385K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09340	+23.372%	$208K	$52K	10x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09380	+23.895%	$137K	$5K	10x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09305	+22.910%	$2.3M	$1.5M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09330	+23.240%	$8.7M	$10.2M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09313	+23.016%	—	$7.8M	—	as long as short
Variational Omni XPL	+0.0100%	4h	0.09346	+23.455%	$1.8M	$2.0M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09331	+23.259%	$247K	$1.3M	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09360	+23.636%	$24K	$67K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09310	+22.983%	$61K	$1.3M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09290	+22.712%	$2K	$1.5M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09310	+22.976%	$178	$9K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09351	+23.517%	$132K	$217K	20x	as long as short
dYdX XPL-USD	+0.0126%	1h	0.09334	+23.291%	$9K	$1K	5x	as long as short
BloFin XPL-USDT	+0.0172%	4h	0.09306	+22.923%	$1.7M	$850K	75x	as long as short
Phoenix XPL	+0.0252%	1h	0.09330	+23.240%	$189K	$435K	10x	as long as short
Coinbase International XPL-PERP-INTX	+0.0712%	1h	0.09363	+23.676%	$63K	$90K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.1371%	1h	0.09334	+23.295%	$550K	$1.0M	10x	as long as short