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

XPL

all XPL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h
Price spread now: KuCoin against Reya+27.083%49s7-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 KuCoin is 27.083% dearer against Reya than usual: you sell high and buy low: +$2,708 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongReya XPLRUSDPERP0.075710get 0.0000% / 1h12m 37s
ShortKuCoin XPLUSDTM0.096210.0100get 0.0050% / 4h1h 12m$2.3M$1.5M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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: +27.083% → 0.000%
$2,708.33
Slippage, 4 orders
no order book: not counted
Fee Reya: 3 bp × 2 orders
−$6
Fee KuCoin: 6 bp × 2 orders
−$12
Net
$2,711.33
Costs to cover
0.180%
Break-even
from the start
Slippage unknown: Reya: no order-book sample; KuCoin: live order book, 4 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 KuCoin live order book, 4 min ago8.81 bp36.2 bp −$36181.2 bp −$1,812doesn't fitdoesn'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
01 Exchange XPLUSD−0.0384%1h0.09621+27.083%$559$7085xas long as short
Deribit XPL_USDC-PERPETUAL−0.0374%1h0.09612+26.964%$46K$18K25xas long as short
Backpack XPL_USDC_PERP−0.0268%1h0.09613+26.978%$178K$231K10xas long as short
GMX XPL/USD [WBTC.b-USDC]L −0.0267% / S +0.0587%1h0.09622+27.102%$106K100xas long as short
Bybit XPLUSDT−0.0102%4h0.09604+26.859%$45.5M$56.7M75xas long as short
Orderly PERP_XPL_USDC0.0000%4h0.09612+26.964%$29K$335K10xas long as short
dYdX XPL-USD0.0000%1h0.09617+27.025%$8K5xas long as short
Reya XPLRUSDPERPlong0.0000%1h0.07571long leg
gTrade (Gains Network) XPL/USDL +0.0005% / S −0.0004%1h0.09622+27.091%$73K150xas long as short
OKX XPL-USDT-SWAP+0.0060%4h0.09610+26.938%$8.3M$52.4M50xas long as short
Show all 36 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Paradex XPL-USD-PERP+0.0060%8h0.09611+26.955%$12K$2K5xas long as short
Lighter XPL+0.0096%1h0.09609+26.925%$4.3M$4.2M10xas long as short
Nado XPL-PERP+0.0100%1h0.09632+27.229%$1.2M$2.8M10xas long as short
Hyperliquid XPL+0.0100%1h0.09629+27.186%$60.4M$48.2M10xas long as short
Aster XPLUSDT+0.0100%4h0.09617+27.033%$244K$497K20xas long as short
Pacifica XPL+0.0100%1h0.09620+27.067%$219K$48K10xas long as short
Binance XPLUSDT+0.0100%4h0.09610+26.940%$43.5M$108.4M75xas long as short
Bulk XPL-USD+0.0100%1h0.09643+27.379%$140K$5K10xas long as short
Gate XPL_USDT+0.0100%4h0.09612+26.964%$3.0M$3.8M75xas long as short
MEXC XPL_USDT+0.0100%4h0.09609+26.925%$12.5M$7.9M100xas long as short
KuCoin XPLUSDTMshort+0.0100%4h0.09621+27.083%$2.3M$1.5M50x
Bitget XPLUSDT+0.0100%4h0.09616+27.017%$8.5M$11.1M75xas long as short
BingX XPL-USDT+0.0100%4h0.09608+26.912%$7.9Mas long as short
Variational Omni XPL+0.0100%4h0.09645+27.395%$1.7M$1.8Mas long as short
GRVT XPL_USDT_Perp+0.0100%4h0.09649+27.447%$254K$930K10xas long as short
ApeX Omni XPLUSDT+0.0100%1h0.09660+27.598%$25K$83K50xas long as short
Polymarket Perps XPL-USD+0.0100%1h0.09641+27.350%$128K$2.6M10xas long as short
SunX XPL-USDT+0.0100%4h0.09610+26.938%$3K$1.9M20xas long as short
SoDEX XPL-USD+0.0100%1h0.09610+26.938%$2K$11K10xas long as short
HTX XPL-USDT+0.0100%4h0.09642+27.361%$145K$263K20xas long as short
Extended XPL-USD+0.0104%1h0.09607+26.898%$636K$1.1M25xas long as short
Aevo XPL-PERP+0.0104%1h0.09614+26.991%$29K$18K3xas long as short
Phoenix XPL+0.0248%1h0.09660+27.598%$196K$629K10xas long as short
BloFin XPL-USDT+0.0340%4h0.09630+27.202%$1.7M$1.0M75xas long as short
Coinbase International XPL-PERP-INTX+0.0672%1h0.09670+27.731%$75K$93K50xas long as short
Kraken Futures PF_XPLUSD+0.3560%1h0.09656+27.547%$548K$1.0M10xas long as short