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

XPL

all XPL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC+0.0984%/8h= +107.7% APRnext payment +$1.23 per $10,000 · paid last 24h +0.249%
Price spread now: Coinbase International against 01 Exchange+1.351%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
Both sides work for this trade now. Funding pays +$30 a day on $10k at the current rate, and Coinbase International is 1.351% dearer against 01 Exchange than usual: you sell high and buy low: +$135 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
Long01 Exchange XPLUSD0.09694−0.0416get 0.0052% / 1h30m 29s$564$7085x
ShortCoinbase International XPL-PERP-INTX0.098250.0568get 0.0071% / 1h30m 29s$72K$97K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International against 01 Exchange. 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
$206.64
Price spread: +1.351% → 0.000%
$135.14
Slippage, 4 orders
no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
$324.78
Costs to cover
0.170%
Break-even
from the start
Slippage unknown: 01 Exchange: no order-book sample; Coinbase International: live order book, 47 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 01 Exchange no order-book sample
Sell Coinbase International live order book, 47 min ago17.51 bp23.4 bp −$23166.8 bp −$1,668doesn't fitdoesn't fit
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
Lighter XPL−0.0632%1h0.09684−0.103%$4.4M$4.1M10xas long as short
01 Exchange XPLUSDlong−0.0416%1h0.09694long leg$564$7085x
Deribit XPL_USDC-PERPETUAL−0.0265%1h0.09700+0.062%$46K$18K25xas long as short
GMX XPL/USD [WBTC.b-USDC]L −0.0135% / S +0.0522%1h0.09716+0.227%$112K100xas long as short
dYdX XPL-USD0.0000%1h0.09710+0.170%$8K5xas long as short
Reya XPLRUSDPERP0.0000%1h0.07570−21.906%as long as short
gTrade (Gains Network) XPL/USDL +0.0005% / S −0.0003%1h0.09714+0.210%$76K150xas long as short
Paradex XPL-USD-PERP+0.0019%8h0.09695+0.011%$13K$2K5xas long as short
Orderly PERP_XPL_USDC+0.0051%4h0.09708+0.144%$29K$335K10xas long as short
Gate XPL_USDT+0.0072%4h0.09704+0.103%$3.0M$4.0M75xas long as short
Show all 36 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Nado XPL-PERP+0.0100%1h0.09702+0.083%$1.4M$2.6M10xas long as short
Hyperliquid XPL+0.0100%1h0.09718+0.251%$62.7M$48.1M10xas long as short
Aster XPLUSDT+0.0100%4h0.09709+0.151%$252K$527K20xas long as short
Pacifica XPL+0.0100%1h0.09704+0.100%$221K$46K10xas long as short
Binance XPLUSDT+0.0100%4h0.09710+0.165%$44.2M$108.2M75xas long as short
Bybit XPLUSDT+0.0100%4h0.09710+0.165%$47.3M$55.3M75xas long as short
OKX XPL-USDT-SWAP+0.0100%4h0.09708+0.144%$8.7M$54.3M50xas long as short
MEXC XPL_USDT+0.0100%4h0.09707+0.134%$12.7M$7.6M100xas long as short
KuCoin XPLUSDTM+0.0100%4h0.09707+0.134%$2.4M$1.5M50xas long as short
Bitget XPLUSDT+0.0100%4h0.09712+0.186%$8.7M$11.1M75xas long as short
BingX XPL-USDT+0.0100%4h0.09709+0.155%$7.9Mas long as short
Backpack XPL_USDC_PERP+0.0100%1h0.09701+0.072%$179K$281K10xas long as short
Variational Omni XPL+0.0100%4h0.09696+0.025%$1.6M$1.9Mas long as short
GRVT XPL_USDT_Perp+0.0100%4h0.09710+0.165%$260K$806K10xas long as short
ApeX Omni XPLUSDT+0.0100%1h0.09710+0.165%$25K$88K50xas long as short
Polymarket Perps XPL-USD+0.0100%1h0.09716+0.223%$130K$2.7M10xas long as short
SunX XPL-USDT+0.0100%4h0.09680−0.144%$2K$2.0M20xas long as short
SoDEX XPL-USD+0.0100%1h0.09700+0.062%$200$10K10xas long as short
HTX XPL-USDT+0.0100%4h0.09711+0.175%$138K$233K20xas long as short
Bulk XPL-USD+0.0100%1h0.09700+0.060%$141K$9K10xas long as short
Extended XPL-USD+0.0104%1h0.09695+0.014%$653K$1.1M25xas long as short
Aevo XPL-PERP+0.0104%1h0.09700+0.062%$38K$5K3xas long as short
Phoenix XPL+0.0327%1h0.09721+0.279%$197K$651K10xas long as short
BloFin XPL-USDT+0.0340%4h0.09700+0.062%$1.8M$1.2M75xas long as short
Coinbase International XPL-PERP-INTXshort+0.0568%1h0.09825+1.351%$72K$97K50x
Kraken Futures PF_XPLUSD+0.5116%1h0.09758+0.664%$563K$1.0M10xas long as short