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−0.0564%/8h= −61.8% APRnext payment $0.71 per $10,000 · paid last 24h −0.055%
Price spread now: 01 Exchange against SoDEX+0.269%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 pays, funding is against you. 01 Exchange is 0.269% dearer against SoDEX than usual: you sell high and buy low (spread +0.269% now, against zero (this spread has no 7-day history yet)): +$27 on $10k if it goes back. Holding the pair costs −$17 a day in funding at the current rate, which eats that in about 38 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSoDEX XPL-USD0.096500.0100pay 0.0013% / 1h53m 36s$203$12K10x
Short01 Exchange XPLUSD0.09676−0.0464pay 0.0058% / 1h53m 36s$563$7085x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

01 Exchange 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
−$118.44
Price spread: +0.269% → 0.000%
$26.94
Slippage, 4 orders
no order book: not counted
Fee SoDEX: 4 bp × 2 orders
−$8
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Net
−$106.5
Costs to cover
0.150%
Break-even
from the start
Slippage unknown: SoDEX: no order-book sample; 01 Exchange: 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 01 Exchange no order-book sample
SoDEX and 01 Exchange: 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 XPLUSDshort−0.0464%1h0.09676+0.269%$563$7085x
Deribit XPL_USDC-PERPETUAL−0.0371%1h0.09655+0.052%$46K$18K25xas long as short
GMX XPL/USD [WBTC.b-USDC]L −0.0304% / S +0.0610%1h0.09662+0.122%$107K100xas long as short
Backpack XPL_USDC_PERP−0.0209%1h0.09660+0.104%$178K$199K10xas long as short
Gate XPL_USDT−0.0026%4h0.09663+0.135%$3.0M$3.4M75xas long as short
dYdX XPL-USD0.0000%1h0.09683+0.345%$9K$5855xas long as short
Reya XPLRUSDPERP0.0000%1h0.07571−21.546%as long as short
gTrade (Gains Network) XPL/USDL +0.0005% / S −0.0004%1h0.09663+0.130%$73K150xas long as short
Orderly PERP_XPL_USDC+0.0017%4h0.09653+0.031%$29K$339K10xas long as short
Paradex XPL-USD-PERP+0.0056%8h0.09681+0.319%$13K$2K5xas long as short
Show all 36 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter XPL+0.0096%1h0.09668+0.187%$4.4M$3.0M10xas long as short
Nado XPL-PERP+0.0100%1h0.09687+0.383%$1.2M$2.6M10xas long as short
Hyperliquid XPL+0.0100%1h0.09688+0.396%$61.1M$46.7M10xas long as short
Aster XPLUSDT+0.0100%4h0.09679+0.300%$252K$469K20xas long as short
Pacifica XPL+0.0100%1h0.09687+0.378%$221K$46K10xas long as short
Binance XPLUSDT+0.0100%4h0.09690+0.410%$44.0M$102.8M75xas long as short
Bybit XPLUSDT+0.0100%4h0.09684+0.352%$45.9M$54.6M75xas long as short
OKX XPL-USDT-SWAP+0.0100%4h0.09688+0.394%$8.3M$49.6M50xas long as short
Bulk XPL-USD+0.0100%1h0.09670+0.207%$141K$5K10xas long as short
MEXC XPL_USDT+0.0100%4h0.09679+0.301%$12.5M$7.0M100xas long as short
KuCoin XPLUSDTM+0.0100%4h0.09680+0.311%$2.3M$1.4M50xas long as short
Bitget XPLUSDT+0.0100%4h0.09691+0.425%$8.8M$10.0M75xas long as short
BingX XPL-USDT+0.0100%4h0.09682+0.332%$7.9Mas long as short
Variational Omni XPL+0.0100%4h0.09661+0.112%$1.7M$1.9Mas long as short
GRVT XPL_USDT_Perp+0.0100%4h0.09665+0.155%$260K$1.0M10xas long as short
ApeX Omni XPLUSDT+0.0100%1h0.09690+0.415%$25K$78K50xas long as short
Polymarket Perps XPL-USD+0.0100%1h0.09672+0.225%$127K$2.0M10xas long as short
SunX XPL-USDT+0.0100%4h0.096500.000%$3K$1.8M20xas long as short
SoDEX XPL-USDlong+0.0100%1h0.09650long leg$203$12K10x
HTX XPL-USDT+0.0100%4h0.09677+0.280%$142K$206K20xas long as short
Extended XPL-USD+0.0104%1h0.09680+0.314%$653K$1.1M25xas long as short
Aevo XPL-PERP+0.0104%1h0.09660+0.102%$29K$18K3xas long as short
Phoenix XPL+0.0334%1h0.09681+0.321%$196K$573K10xas long as short
BloFin XPL-USDT+0.0340%4h0.09674+0.249%$1.7M$987K75xas long as short
Coinbase International XPL-PERP-INTX+0.0640%1h0.09708+0.601%$75K$85K50xas long as short
Kraken Futures PF_XPLUSD+0.3106%1h0.09698+0.495%$550K$974K10xas long as short