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

XPL

all XPL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC−0.0670%/8h= −73.3% APRnext payment $0.84 per $10,000 · paid last 24h −0.156%
Price spread now: GMX against SoDEX+0.005%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
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$20 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSoDEX XPL-USD0.095600.0100pay 0.0013% / 1h59m 34s$195$12K10x
ShortGMX XPL/USD [WBTC.b-USDC]0.09560L −0.0234% / S +0.0570%pay 0.0071% / 1h59m 34s$106K100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GMX 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
−$140.62
Price spread: +0.005% → 0.000%
$0.52
Slippage, 4 orders
no order book: not counted
Fee SoDEX: 4 bp × 2 orders
−$8
Fee GMX: 6 bp × 2 orders
−$12
Net
−$160.09
Costs to cover
0.200%
Break-even
never at this rate
Slippage unknown: SoDEX: no order-book sample; GMX: 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
LegHalf-spread$10k$100k$1M$5M
Buy SoDEX no order-book sample
Sell GMX no order-book sample
SoDEX and GMX: 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−0.0264%1h0.095600.000%$556$7085xas long as short
GMX XPL/USD [WBTC.b-USDC]shortL −0.0234% / S +0.0570%1h0.09560+0.005%$106K100x
Backpack XPL_USDC_PERP−0.0081%1h0.09558−0.021%$174K$190K10xas long as short
Deribit XPL_USDC-PERPETUAL−0.0064%1h0.09562+0.021%$46K$18K25xas long as short
dYdX XPL-USD0.0000%1h0.09571+0.113%$9K$6005xas long as short
Reya XPLRUSDPERP0.0000%1h0.07571−20.807%as long as short
gTrade (Gains Network) XPL/USDL +0.0005% / S −0.0004%1h0.09560+0.003%$72K150xas long as short
Orderly PERP_XPL_USDC+0.0009%4h0.09556−0.042%$29K$330K10xas long as short
Lighter XPL+0.0016%1h0.09557−0.031%$4.3M$3.0M10xas long as short
Paradex XPL-USD-PERP+0.0053%8h0.09567+0.069%$12K$6965xas long as short
Show all 36 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit XPLUSDT+0.0080%4h0.09559−0.010%$45.2M$54.2M75xas long as short
Nado XPL-PERP+0.0100%1h0.09554−0.063%$1.2M$2.4M10xas long as short
Aster XPLUSDT+0.0100%4h0.09571+0.112%$249K$426K20xas long as short
Pacifica XPL+0.0100%1h0.09566+0.065%$219K$46K10xas long as short
Binance XPLUSDT+0.0100%4h0.09562+0.023%$43.4M$100.8M75xas long as short
OKX XPL-USDT-SWAP+0.0100%4h0.095600.000%$8.1M$48.3M50xas long as short
Bulk XPL-USD+0.0100%1h0.09601+0.425%$140K$5K10xas long as short
Gate XPL_USDT+0.0100%4h0.09569+0.094%$3.1M$3.4M75xas long as short
MEXC XPL_USDT+0.0100%4h0.09561+0.010%$12.5M$6.9M100xas long as short
KuCoin XPLUSDTM+0.0100%4h0.09557−0.031%$2.3M$1.4M50xas long as short
Bitget XPLUSDT+0.0100%4h0.09573+0.136%$9.1M$9.7M75xas long as short
BingX XPL-USDT+0.0100%4h0.09567+0.073%$7.8Mas long as short
Variational Omni XPL+0.0100%4h0.09553−0.075%$1.7M$1.9Mas long as short
GRVT XPL_USDT_Perp+0.0100%4h0.09556−0.041%$254K$1.1M10xas long as short
ApeX Omni XPLUSDT+0.0100%1h0.09570+0.105%$25K$78K50xas long as short
Polymarket Perps XPL-USD+0.0100%1h0.09566+0.067%$127K$1.9M10xas long as short
SunX XPL-USDT+0.0100%4h0.09540−0.209%$3K$1.7M20xas long as short
SoDEX XPL-USDlong+0.0100%1h0.09560long leg$195$12K10x
HTX XPL-USDT+0.0100%4h0.09611+0.533%$141K$184K20xas long as short
Extended XPL-USD+0.0104%1h0.09565+0.051%$650K$1.1M25xas long as short
Aevo XPL-PERP+0.0104%1h0.09548−0.123%$28K$18K3xas long as short
Hyperliquid XPL+0.0128%1h0.09567+0.068%$60.4M$46.7M10xas long as short
Phoenix XPL+0.0248%1h0.09584+0.251%$194K$573K10xas long as short
BloFin XPL-USDT+0.0340%4h0.09563+0.031%$1.7M$945K75xas long as short
Coinbase International XPL-PERP-INTX+0.0640%1h0.09596+0.377%$73K$76K50xas long as short
Kraken Futures PF_XPLUSD+0.3144%1h0.09580+0.206%$545K$988K10xas long as short