Funding arb · Price arb /

XPL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h —

Price spread now: SunX against Reya+30.637%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 SunX

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

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and SunX is 30.637% dearer against Reya than usual: you sell high and buy low: +$3,064 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	8m 16s	—	—	—
Short	SunX XPL-USDT	0.09890	0.0100	get 0.0050% / 4h	3h 08m	$3K	$2.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +30.637%Rate

Funding earned: $21
Price spread: +30.637% → 0.000%: $3,063.72
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee SunX: 4 bp × 2 orders: −$8
Net: $3,070.72
Costs to cover: 0.140%
Break-even: from the start

Slippage unknown: Reya: no order-book sample; SunX: live order book, 8 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 SunX live order book, 8 min ago	35.34 bp	148.8 bp −$149	doesn't fit	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	−0.0200%	1h	0.09908	+30.875%	$576	$708	5x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0175% / S +0.0548%	1h	0.09909	+30.885%	$114K	—	100x	as long as short
Deribit XPL_USDC-PERPETUAL	−0.0154%	1h	0.09894	+30.690%	$47K	$18K	25x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09922	+31.059%	$8K	—	5x	as long as short
Reya XPLRUSDPERPlong	0.0000%	1h	0.07571	long leg	—	—	—
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0003%	1h	0.09909	+30.887%	$77K	—	150x	as long as short
Lighter XPL	+0.0016%	1h	0.09900	+30.769%	$4.5M	$4.2M	10x	as long as short
Orderly PERP_XPL_USDC	+0.0019%	4h	0.09896	+30.716%	$30K	$335K	10x	as long as short
Paradex XPL-USD-PERP	+0.0048%	8h	0.09904	+30.817%	$13K	$2K	5x	as long as short
OKX XPL-USDT-SWAP	+0.0082%	4h	0.09891	+30.650%	$8.8M	$55.9M	50x	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	0.09912	+30.928%	$1.5M	$2.6M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09910	+30.903%	$261K	$539K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09912	+30.933%	$226K	$46K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09903	+30.808%	$45.3M	$108.7M	75x	as long as short
Bybit XPLUSDT	+0.0100%	4h	0.09900	+30.769%	$48.2M	$56.1M	75x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09870	+30.373%	$144K	$2K	10x	as long as short
Gate XPL_USDT	+0.0100%	4h	0.09904	+30.822%	$3.1M	$4.0M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09907	+30.862%	$13.2M	$7.7M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09911	+30.915%	$2.4M	$1.5M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09899	+30.756%	$8.9M	$11.2M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09899	+30.756%	—	$7.9M	—	as long as short
Backpack XPL_USDC_PERP	+0.0100%	1h	0.09919	+31.020%	$185K	$254K	10x	as long as short
Variational Omni XPL	+0.0100%	4h	0.09896	+30.715%	$1.8M	$2.0M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09903	+30.809%	$263K	$844K	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09910	+30.901%	$26K	$89K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09921	+31.049%	$133K	$2.7M	10x	as long as short
SunX XPL-USDTshort	+0.0100%	4h	0.09890	+30.637%	$3K	$2.0M	20x
SoDEX XPL-USD	+0.0100%	1h	0.09890	+30.637%	$497	$11K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09916	+30.981%	$144K	$243K	20x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09893	+30.680%	$673K	$1.1M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09902	+30.798%	$29K	$18K	3x	as long as short
Phoenix XPL	+0.0163%	1h	0.09925	+31.099%	$201K	$655K	10x	as long as short
Hyperliquid XPL	+0.0187%	1h	0.09928	+31.140%	$64.4M	$47.0M	10x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09916	+30.981%	$1.8M	$1.2M	75x	as long as short
Coinbase International XPL-PERP-INTX	+0.0376%	1h	0.09980	+31.826%	$74K	$97K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.5002%	1h	0.09946	+31.372%	$575K	$1.0M	10x	as long as short