Funding arb · Price arb /

XPL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Pacifica against SoDEX+0.012%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 Pacifica

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 airdropPacifica: Active · farm boardneeds both histories

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX XPL-USD	0.09780	0.0100	pay 0.0013% / 1h	4m 13s	$204	$10K	10x
Short	Pacifica XPL	0.09781	0.0100	get 0.0013% / 1h	4m 13s	$223K	$46K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now +0.012%Rate

Funding earned: $0
Price spread: +0.012% → 0.000%: $1.23
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$14.77
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: SoDEX: no order-book sample; Pacifica: live order book, 9 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 Pacifica live order book, 9 min ago	15.44 bp	25.4 bp −$25	doesn't fit	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
Lighter XPL	−0.0536%	1h	0.09774	−0.061%	$4.4M	$4.2M	10x	as long as short
01 Exchange XPLUSD	−0.0376%	1h	0.09785	+0.051%	$569	$708	5x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0148% / S +0.0530%	1h	0.09784	+0.044%	$113K	—	100x	as long as short
Deribit XPL_USDC-PERPETUAL	−0.0056%	1h	0.09786	+0.061%	$47K	$18K	25x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09779	−0.014%	$8K	—	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07570	−22.593%	—	—	—	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0003%	1h	0.09783	+0.033%	$76K	—	150x	as long as short
Paradex XPL-USD-PERP	+0.0012%	8h	0.09774	−0.061%	$13K	$2K	5x	as long as short
Orderly PERP_XPL_USDC	+0.0036%	4h	0.09780	0.000%	$29K	$335K	10x	as long as short
Gate XPL_USDT	+0.0040%	4h	0.09780	0.000%	$3.1M	$4.1M	75x	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	0.09776	−0.036%	$1.4M	$2.6M	10x	as long as short
Hyperliquid XPL	+0.0100%	1h	0.09796	+0.169%	$63.2M	$48.1M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09783	+0.033%	$254K	$527K	20x	as long as short
Pacifica XPLshort	+0.0100%	1h	0.09781	+0.012%	$223K	$46K	10x
Binance XPLUSDT	+0.0100%	4h	0.09789	+0.091%	$44.7M	$108.8M	75x	as long as short
Bybit XPLUSDT	+0.0100%	4h	0.09786	+0.061%	$47.4M	$55.7M	75x	as long as short
OKX XPL-USDT-SWAP	+0.0100%	4h	0.09786	+0.061%	$8.7M	$55.2M	50x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09760	−0.204%	$142K	$9K	10x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09787	+0.072%	$12.9M	$7.7M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09782	+0.020%	$2.4M	$1.5M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09796	+0.164%	$8.8M	$11.1M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09786	+0.061%	—	$7.9M	—	as long as short
Backpack XPL_USDC_PERP	+0.0100%	1h	0.09793	+0.133%	$181K	$282K	10x	as long as short
Variational Omni XPL	+0.0100%	4h	0.09760	−0.203%	$1.6M	$1.9M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09750	−0.307%	$258K	$814K	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09770	−0.102%	$25K	$88K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09792	+0.121%	$131K	$2.7M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09760	−0.204%	$2K	$2.0M	20x	as long as short
SoDEX XPL-USDlong	+0.0100%	1h	0.09780	long leg	$204	$10K	10x
HTX XPL-USDT	+0.0100%	4h	0.09768	−0.123%	$142K	$242K	20x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09781	+0.011%	$657K	$1.1M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09787	+0.072%	$38K	$5K	3x	as long as short
Phoenix XPL	+0.0327%	1h	0.09782	+0.020%	$198K	$651K	10x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09766	−0.143%	$1.7M	$1.2M	75x	as long as short
Coinbase International XPL-PERP-INTX	+0.0568%	1h	0.09791	+0.112%	$72K	$97K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.5077%	1h	0.09832	+0.536%	$568K	$1.0M	10x	as long as short