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

XPL

all XPL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC+0.0692%/8h= +75.8% APRnext payment +$0.86 per $10,000 · paid last 24h +0.200%
Price spread now: Coinbase International against SoDEX+0.619%7-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 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$21 a day on $10k at the current rate, and Coinbase International is 0.619% dearer against SoDEX than usual: you sell high and buy low: +$62 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSoDEX XPL-USD0.097000.0100pay 0.0013% / 1h34m 27s$446$10K10x
ShortCoinbase International XPL-PERP-INTX0.097600.0792get 0.0099% / 1h34m 27s$72K$104K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International against SoDEX. 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
$145.32
Price spread: +0.619% → 0.000%
$61.86
Slippage, 4 orders
no order book: not counted
Fee SoDEX: 4 bp × 2 orders
−$8
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
$189.18
Costs to cover
0.180%
Break-even
from the start
Slippage unknown: SoDEX: no order-book sample; Coinbase International: live order book, 48 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 SoDEX no order-book sample
Sell Coinbase International live order book, 48 min ago38.25 bp61.5 bp −$62doesn't fitdoesn't fitdoesn't fit
SoDEX: 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−0.0381%1h0.09697−0.031%$176K$281K10xas long as short
01 Exchange XPLUSD−0.0216%1h0.09682−0.186%$563$7085xas long as short
Lighter XPL−0.0200%1h0.09689−0.113%$4.4M$4.1M10xas long as short
Deribit XPL_USDC-PERPETUAL−0.0162%1h0.09707+0.072%$47K$18K25xas long as short
GMX XPL/USD [WBTC.b-USDC]L −0.0103% / S +0.0501%1h0.09713+0.137%$112K100xas long as short
dYdX XPL-USD0.0000%1h0.09699−0.005%$8K5xas long as short
Reya XPLRUSDPERP0.0000%1h0.07570−21.954%as long as short
gTrade (Gains Network) XPL/USDL +0.0005% / S −0.0004%1h0.09713+0.139%$72K150xas long as short
Orderly PERP_XPL_USDC+0.0077%4h0.09707+0.072%$29K$335K10xas long as short
Paradex XPL-USD-PERP+0.0089%8h0.09698−0.021%$13K$2K5xas long as short
Show all 36 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Nado XPL-PERP+0.0100%1h0.09688−0.124%$1.4M$2.6M10xas long as short
Hyperliquid XPL+0.0100%1h0.09709+0.090%$62.6M$47.5M10xas long as short
Aster XPLUSDT+0.0100%4h0.09703+0.034%$251K$527K20xas long as short
Pacifica XPL+0.0100%1h0.097000.000%$221K$46K10xas long as short
Binance XPLUSDT+0.0100%4h0.09688−0.124%$43.6M$106.3M75xas long as short
Bybit XPLUSDT+0.0100%4h0.09689−0.113%$47.1M$54.1M75xas long as short
OKX XPL-USDT-SWAP+0.0100%4h0.09688−0.124%$8.9M$53.3M50xas long as short
Bulk XPL-USD+0.0100%1h0.09750+0.513%$140K$8K10xas long as short
Gate XPL_USDT+0.0100%4h0.09695−0.052%$3.0M$4.0M75xas long as short
MEXC XPL_USDT+0.0100%4h0.09694−0.062%$12.6M$7.6M100xas long as short
KuCoin XPLUSDTM+0.0100%4h0.09689−0.113%$2.4M$1.4M50xas long as short
Bitget XPLUSDT+0.0100%4h0.09699−0.010%$8.6M$11.1M75xas long as short
BingX XPL-USDT+0.0100%4h0.09706+0.062%$7.9Mas long as short
Variational Omni XPL+0.0100%4h0.09701+0.014%$1.7M$1.9Mas long as short
GRVT XPL_USDT_Perp+0.0100%4h0.09702+0.021%$261K$777K10xas long as short
ApeX Omni XPLUSDT+0.0100%1h0.09750+0.515%$25K$87K50xas long as short
Polymarket Perps XPL-USD+0.0100%1h0.09701+0.012%$129K$2.7M10xas long as short
SunX XPL-USDT+0.0100%4h0.09690−0.103%$3K$2.0M20xas long as short
SoDEX XPL-USDlong+0.0100%1h0.09700long leg$446$10K10x
HTX XPL-USDT+0.0100%4h0.09689−0.113%$137K$246K20xas long as short
Extended XPL-USD+0.0104%1h0.09697−0.035%$657K$1.1M25xas long as short
Aevo XPL-PERP+0.0104%1h0.09711+0.111%$38K$5K3xas long as short
BloFin XPL-USDT+0.0340%4h0.09711+0.113%$1.7M$1.2M75xas long as short
Phoenix XPL+0.0412%1h0.09762+0.639%$198K$652K10xas long as short
Coinbase International XPL-PERP-INTXshort+0.0792%1h0.09760+0.619%$72K$104K50x
Kraken Futures PF_XPLUSD+0.4606%1h0.09747+0.482%$510K$956K10xas long as short