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+0.0320%/8h= +35.0% APRnext payment +$0.40 per $10,000 · paid last 24h +0.023%
Price spread now: dYdX against 01 Exchange+0.046%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 4 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 +$10 a day on $10k at the current rate, and dYdX is 0.046% dearer against 01 Exchange than usual: you sell high and buy low: +$5 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
Long01 Exchange XPLUSD0.09513−0.0320get 0.0040% / 1h50m 32s$553$7085x
ShortdYdX XPL-USD0.095170get 0.0000% / 1h50m 32s$8K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

dYdX 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
$67.2
Price spread: +0.046% → 0.000%
$4.61
Slippage, 4 orders
no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Fee dYdX: 5 bp × 2 orders
−$10
Net
$54.81
Costs to cover
0.170%
Break-even
1.3 days
Slippage unknown: 01 Exchange: no order-book sample; dYdX: 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 01 Exchange no order-book sample
Sell dYdX no order-book sample
01 Exchange and dYdX: 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 XPLUSDlong−0.0320%1h0.09513long leg$553$7085x
GMX XPL/USD [WBTC.b-USDC]L −0.0288% / S +0.0601%1h0.09527+0.149%$105K100xas long as short
Backpack XPL_USDC_PERP−0.0136%1h0.09531+0.189%$176K$227K10xas long as short
Bybit XPLUSDT−0.0114%4h0.095130.000%$45.1M$56.0M75xas long as short
dYdX XPL-USDshort0.0000%1h0.09517+0.046%$8K5x
Reya XPLRUSDPERP0.0000%1h0.07571−20.416%as long as short
Deribit XPL_USDC-PERPETUAL0.0000%1h0.09527+0.147%$46K$18K25xas long as short
Orderly PERP_XPL_USDC+0.0004%4h0.09523+0.105%$29K$335K10xas long as short
gTrade (Gains Network) XPL/USDL +0.0005% / S −0.0004%1h0.09529+0.166%$72K150xas long as short
Paradex XPL-USD-PERP+0.0071%8h0.09525+0.122%$12K$2K5xas long as short
Show all 36 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX XPL-USDT-SWAP+0.0095%4h0.09524+0.116%$8.2M$49.8M50xas long as short
Lighter XPL+0.0096%1h0.09515+0.021%$4.3M$3.3M10xas long as short
Nado XPL-PERP+0.0100%1h0.09527+0.152%$1.2M$2.7M10xas long as short
Hyperliquid XPL+0.0100%1h0.09539+0.279%$59.8M$47.1M10xas long as short
Aster XPLUSDT+0.0100%4h0.09535+0.229%$242K$477K20xas long as short
Pacifica XPL+0.0100%1h0.09520+0.074%$217K$48K10xas long as short
Binance XPLUSDT+0.0100%4h0.09519+0.063%$43.2M$105.3M75xas long as short
Gate XPL_USDT+0.0100%4h0.09516+0.032%$3.0M$3.5M75xas long as short
MEXC XPL_USDT+0.0100%4h0.09516+0.032%$12.3M$7.7M100xas long as short
KuCoin XPLUSDTM+0.0100%4h0.09522+0.095%$2.3M$1.4M50xas long as short
Bitget XPLUSDT+0.0100%4h0.09520+0.074%$8.5M$10.4M75xas long as short
BingX XPL-USDT+0.0100%4h0.09512−0.011%$7.9Mas long as short
Variational Omni XPL+0.0100%4h0.09518+0.051%$1.7M$1.8Mas long as short
GRVT XPL_USDT_Perp+0.0100%4h0.09541+0.290%$254K$955K10xas long as short
ApeX Omni XPLUSDT+0.0100%1h0.09570+0.599%$25K$80K50xas long as short
Polymarket Perps XPL-USD+0.0100%1h0.09536+0.241%$127K$2.1M10xas long as short
SunX XPL-USDT+0.0100%4h0.09510−0.032%$3K$1.8M20xas long as short
SoDEX XPL-USD+0.0100%1h0.09520+0.074%$2K$11K10xas long as short
HTX XPL-USDT+0.0100%4h0.09565+0.547%$143K$237K20xas long as short
Bulk XPL-USD+0.0100%1h0.09565+0.547%$139K$5K10xas long as short
Extended XPL-USD+0.0104%1h0.09511−0.022%$646K$1.1M25xas long as short
Aevo XPL-PERP+0.0104%1h0.09525+0.126%$28K$18K3xas long as short
Phoenix XPL+0.0334%1h0.09568+0.578%$194K$617K10xas long as short
BloFin XPL-USDT+0.0340%4h0.09528+0.158%$1.7M$983K75xas long as short
Coinbase International XPL-PERP-INTX+0.0616%1h0.09606+0.978%$74K$86K50xas long as short
Kraken Futures PF_XPLUSD+0.3334%1h0.09568+0.573%$541K$977K10xas long as short