Funding arb · Price arb /

XPL

all XPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: GRVT against SoDEX+0.008%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on SoDEX Short on GRVT

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 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropGRVT: Active · farm boardneeds both histories

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX XPL-USD	0.09660	0.0100	pay 0.0013% / 1h	57m 20s	$203	$12K	10x
Short	GRVT XPL_USDT_Perp	0.09661	0.0100	get 0.0050% / 4h	3h 57m	$258K	$1.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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

Position, each leg$Hold fordaysFee SoDEXbpFee GRVTbpOrdersPrice spread, now +0.008%Rate

Funding earned: $0
Price spread: +0.008% → 0.000%: $0.76
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$16.24
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: SoDEX: no order-book sample; GRVT: live order book, 1 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 SoDEX no order-book sample	—	—	—	—	—
Sell GRVT live order book, 1 min ago	5.17 bp	36.1 bp −$36	121.6 bp −$1,216	doesn't fit	doesn'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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange XPLUSD	−0.0480%	1h	0.09658	−0.021%	$562	$708	5x	as long as short
Deribit XPL_USDC-PERPETUAL	−0.0371%	1h	0.09663	+0.031%	$46K	$18K	25x	as long as short
Backpack XPL_USDC_PERP	−0.0312%	1h	0.09671	+0.114%	$179K	$223K	10x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0304% / S +0.0610%	1h	0.09671	+0.113%	$107K	—	100x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09677	+0.177%	$9K	$585	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−21.626%	—	—	—	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09672	+0.122%	$73K	—	150x	as long as short
Orderly PERP_XPL_USDC	+0.0016%	4h	0.09658	−0.021%	$29K	$339K	10x	as long as short
Paradex XPL-USD-PERP	+0.0058%	8h	0.09679	+0.197%	$13K	$2K	5x	as long as short
Lighter XPL	+0.0096%	1h	0.09673	+0.135%	$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	0.09673	+0.140%	$1.2M	$2.6M	10x	as long as short
Hyperliquid XPL	+0.0100%	1h	0.09681	+0.215%	$61.1M	$46.9M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09680	+0.210%	$252K	$469K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09680	+0.207%	$221K	$46K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09664	+0.044%	$43.8M	$102.8M	75x	as long as short
Bybit XPLUSDT	+0.0100%	4h	0.09656	−0.041%	$45.7M	$54.6M	75x	as long as short
OKX XPL-USDT-SWAP	+0.0100%	4h	0.09659	−0.010%	$8.3M	$49.4M	50x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09631	−0.297%	$140K	$5K	10x	as long as short
Gate XPL_USDT	+0.0100%	4h	0.09673	+0.135%	$3.0M	$3.4M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09667	+0.072%	$12.5M	$7.0M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09675	+0.155%	$2.3M	$1.4M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09670	+0.104%	$8.8M	$10.0M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09661	+0.010%	—	$7.9M	—	as long as short
Variational Omni XPL	+0.0100%	4h	0.09669	+0.091%	$1.7M	$1.9M	—	as long as short
GRVT XPL_USDT_Perpshort	+0.0100%	4h	0.09661	+0.008%	$258K	$1.0M	10x
ApeX Omni XPLUSDT	+0.0100%	1h	0.09670	+0.104%	$25K	$78K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09676	+0.170%	$127K	$2.0M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09650	−0.104%	$2K	$1.8M	20x	as long as short
SoDEX XPL-USDlong	+0.0100%	1h	0.09660	long leg	$203	$12K	10x
HTX XPL-USDT	+0.0100%	4h	0.09667	+0.072%	$141K	$206K	20x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09660	+0.003%	$653K	$1.1M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09660	0.000%	$29K	$18K	3x	as long as short
Phoenix XPL	+0.0334%	1h	0.09681	+0.217%	$196K	$573K	10x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09668	+0.083%	$1.8M	$986K	75x	as long as short
Coinbase International XPL-PERP-INTX	+0.0640%	1h	0.09698	+0.393%	$75K	$84K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.3105%	1h	0.09700	+0.412%	$550K	$974K	10x	as long as short