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

XPL

all XPL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC−0.0067%/8h= −7.3% APRnext payment $0.33 per $10,000 · paid last 24h 0.000%
Price spread now: OKX against Variational Omni+0.726%7-day average −0.004% · 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)0.000%$0 on $10k
Price spread, last 7 days−0.687%−$69 · spread now +0.726%, 7d avg −0.004%
Together, before fees−0.687%+ Points / potential airdropVariational Omni: Active · farm board−$69 on $10k · with fees, hour by hour
The price spread pays, funding is against you. OKX is 0.731% dearer against Variational Omni than usual: you sell high and buy low (spread +0.726% now, against its 7-day average of −0.004%): +$73 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 37 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni XPL0.095260.0100pay 0.0050% / 4h1h 43m$1.7M$1.8M
ShortOKX XPL-USDT-SWAP0.095950.0033get 0.0017% / 4h1h 43m$8.3M$53.2M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX against Variational Omni. 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
−$14
Price spread: +0.726% → −0.004%
$73.06
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee OKX: 5 bp × 2 orders
−$10
Net
$49.06
Costs to cover
0.100%
Break-even
from the start
Slippage unknown: Variational Omni: RFQ quote, just now; OKX: live order book, 5 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 Variational Omni RFQ quote, just now4.18 bpdoesn't fit37.6 bp −$376doesn't fitdoesn't fit
Sell OKX live order book, 5 min ago0.52 bp14.0 bp −$1438.4 bp −$384doesn't fitdoesn't fit

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−0.0679%1h0.09593+0.705%$180K$242K10xas long as short
01 Exchange XPLUSD−0.0424%1h0.09567+0.432%$556$7085xas long as short
GMX XPL/USD [WBTC.b-USDC]L −0.0245% / S +0.0574%1h0.09582+0.592%$105K100xas long as short
Deribit XPL_USDC-PERPETUAL−0.0063%1h0.09586+0.632%$46K$18K25xas long as short
Orderly PERP_XPL_USDC−0.0004%4h0.09581+0.579%$29K$335K10xas long as short
dYdX XPL-USD0.0000%1h0.09564+0.398%$8K5xas long as short
Reya XPLRUSDPERP0.0000%1h0.07571−20.524%as long as short
gTrade (Gains Network) XPL/USDL +0.0005% / S −0.0004%1h0.09583+0.601%$72K150xas long as short
Lighter XPL+0.0008%1h0.09577+0.537%$4.3M$4.2M10xas long as short
OKX XPL-USDT-SWAPshort+0.0033%4h0.09595+0.726%$8.3M$53.2M50x
Show all 36 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Paradex XPL-USD-PERP+0.0050%8h0.09567+0.428%$12K$2K5xas long as short
Nado XPL-PERP+0.0100%1h0.09577+0.535%$1.2M$2.8M10xas long as short
Hyperliquid XPL+0.0100%1h0.09597+0.744%$60.4M$48.1M10xas long as short
Aster XPLUSDT+0.0100%4h0.09590+0.677%$244K$500K20xas long as short
Pacifica XPL+0.0100%1h0.09570+0.464%$218K$47K10xas long as short
Binance XPLUSDT+0.0100%4h0.09591+0.679%$43.5M$108.6M75xas long as short
Bybit XPLUSDT+0.0100%4h0.09587+0.642%$45.5M$56.8M75xas long as short
Bulk XPL-USD+0.0100%1h0.09540+0.149%$139K$7K10xas long as short
Gate XPL_USDT+0.0100%4h0.09587+0.642%$2.9M$3.7M75xas long as short
MEXC XPL_USDT+0.0100%4h0.09589+0.663%$12.4M$7.9M100xas long as short
KuCoin XPLUSDTM+0.0100%4h0.09589+0.663%$2.3M$1.5M50xas long as short
Bitget XPLUSDT+0.0100%4h0.09595+0.726%$8.5M$11.1M75xas long as short
BingX XPL-USDT+0.0100%4h0.09589+0.663%$8.0Mas long as short
Variational Omni XPLlong+0.0100%4h0.09526long leg$1.7M$1.8M
GRVT XPL_USDT_Perp+0.0100%4h0.09550+0.254%$258K$901K10xas long as short
ApeX Omni XPLUSDT+0.0100%1h0.09550+0.254%$25K$83K50xas long as short
Polymarket Perps XPL-USD+0.0100%1h0.09582+0.590%$127K$2.6M10xas long as short
SunX XPL-USDT+0.0100%4h0.09570+0.464%$2K$1.9M20xas long as short
SoDEX XPL-USD+0.0100%1h0.09580+0.569%$2K$11K10xas long as short
HTX XPL-USDT+0.0100%4h0.09574+0.506%$144K$264K20xas long as short
Extended XPL-USD+0.0104%1h0.09586+0.631%$632K$1.1M25xas long as short
Aevo XPL-PERP+0.0104%1h0.09578+0.552%$28K$18K3xas long as short
Phoenix XPL+0.0248%1h0.09573+0.495%$194K$629K10xas long as short
BloFin XPL-USDT+0.0340%4h0.09561+0.369%$1.7M$1.0M75xas long as short
Coinbase International XPL-PERP-INTX+0.0672%1h0.09586+0.632%$74K$92K50xas long as short
Kraken Futures PF_XPLUSD+0.3575%1h0.09615+0.934%$545K$1.0M10xas long as short