Funding arb · Price arb /

XPL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h —

Price spread now: GRVT against Reya+27.543%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 GRVT

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 · GRVT: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and GRVT is 27.543% dearer against Reya than usual: you sell high and buy low: +$2,754 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	58m 38s	—	—	—
Short	GRVT XPL_USDT_Perp	0.09656	0.0100	get 0.0050% / 4h	3h 58m	$258K	$1.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now +27.543%Rate

Funding earned: $21
Price spread: +27.543% → 0.000%: $2,754.32
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: $2,760.32
Costs to cover: 0.150%
Break-even: from the start

Slippage unknown: Reya: no order-book sample; GRVT: live order book, 59 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 GRVT live order book, 59 min ago	5.24 bp	55.8 bp −$56	88.8 bp −$888	doesn't fit	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	−0.0472%	1h	0.09657	+27.555%	$561	$708	5x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0304% / S +0.0610%	1h	0.09672	+27.750%	$107K	—	100x	as long as short
Backpack XPL_USDC_PERP	−0.0177%	1h	0.09666	+27.674%	$179K	$223K	10x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09668	+27.701%	$9K	$585	5x	as long as short
Reya XPLRUSDPERPlong	0.0000%	1h	0.07571	long leg	—	—	—
Deribit XPL_USDC-PERPETUAL	0.0000%	1h	0.09666	+27.674%	$46K	$18K	25x	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09667	+27.692%	$73K	—	150x	as long as short
Orderly PERP_XPL_USDC	+0.0017%	4h	0.09662	+27.621%	$29K	$339K	10x	as long as short
Paradex XPL-USD-PERP	+0.0058%	8h	0.09673	+27.768%	$13K	$2K	5x	as long as short
Lighter XPL	+0.0096%	1h	0.09662	+27.621%	$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
Nado XPL-PERP	+0.0100%	1h	0.09663	+27.641%	$1.2M	$2.6M	10x	as long as short
Hyperliquid XPL	+0.0100%	1h	0.09678	+27.833%	$61.1M	$46.9M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09674	+27.781%	$252K	$468K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09670	+27.726%	$221K	$46K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09663	+27.629%	$43.8M	$102.8M	75x	as long as short
Bybit XPLUSDT	+0.0100%	4h	0.09661	+27.608%	$45.7M	$54.6M	75x	as long as short
OKX XPL-USDT-SWAP	+0.0100%	4h	0.09658	+27.568%	$8.3M	$49.4M	50x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09631	+27.216%	$140K	$5K	10x	as long as short
Gate XPL_USDT	+0.0100%	4h	0.09665	+27.660%	$3.0M	$3.4M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09665	+27.660%	$12.5M	$7.0M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09669	+27.713%	$2.3M	$1.4M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09674	+27.779%	$8.8M	$10.0M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09664	+27.647%	—	$7.9M	—	as long as short
Variational Omni XPL	+0.0100%	4h	0.09669	+27.711%	$1.7M	$1.9M	—	as long as short
GRVT XPL_USDT_Perpshort	+0.0100%	4h	0.09656	+27.543%	$258K	$1.0M	10x
ApeX Omni XPLUSDT	+0.0100%	1h	0.09670	+27.726%	$25K	$78K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09678	+27.829%	$127K	$2.0M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09660	+27.594%	$2K	$1.8M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09660	+27.594%	$203	$12K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09675	+27.792%	$141K	$206K	20x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09662	+27.622%	$653K	$1.1M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09661	+27.602%	$29K	$18K	3x	as long as short
Phoenix XPL	+0.0334%	1h	0.09680	+27.858%	$196K	$570K	10x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09668	+27.700%	$1.8M	$986K	75x	as long as short
Coinbase International XPL-PERP-INTX	+0.0640%	1h	0.09698	+28.096%	$75K	$84K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.3103%	1h	0.09707	+28.220%	$550K	$973K	10x	as long as short