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

XPL

all XPL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0268%/8h= +29.3% APRnext payment +$0.33 per $10,000 · paid last 24h +0.018%
Price spread now: gTrade (Gains Network) against 01 Exchange+0.089%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 +$8 a day on $10k at the current rate, and gTrade (Gains Network) is 0.089% dearer against 01 Exchange than usual: you sell high and buy low: +$9 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
Long01 Exchange XPLUSD0.09814−0.0264get 0.0033% / 1h53m 23s$571$7085x
ShortgTrade (Gains Network) XPL/USD0.09823L +0.0005% / S −0.0004%get 0.0000% / 1h53m 23s$72K150x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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
$56.26
Price spread: +0.089% → 0.000%
$8.9
Slippage, 4 orders
no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Net
$48.15
Costs to cover
0.170%
Break-even
1.0 days
Slippage unknown: 01 Exchange: no order-book sample; gTrade (Gains Network): 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 gTrade (Gains Network) no order-book sample
01 Exchange and gTrade (Gains Network): 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−0.0320%1h0.09799−0.153%$4.4M$4.1M10xas long as short
01 Exchange XPLUSDlong−0.0264%1h0.09814long leg$571$7085x
GMX XPL/USD [WBTC.b-USDC]L −0.0123% / S +0.0514%1h0.09816+0.018%$113K100xas long as short
Deribit XPL_USDC-PERPETUAL−0.0056%1h0.098140.000%$47K$18K25xas long as short
dYdX XPL-USD0.0000%1h0.09816+0.023%$8K5xas long as short
Reya XPLRUSDPERP0.0000%1h0.07570−22.861%as long as short
gTrade (Gains Network) XPL/USDshortL +0.0005% / S −0.0004%1h0.09823+0.089%$72K150x
Orderly PERP_XPL_USDC+0.0064%4h0.09809−0.051%$29K$335K10xas long as short
Paradex XPL-USD-PERP+0.0082%8h0.09809−0.048%$13K$2K5xas long as short
Nado XPL-PERP+0.0100%1h0.09818+0.046%$1.4M$2.6M10xas long as short
Show all 36 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid XPL+0.0100%1h0.09841+0.276%$63.7M$47.8M10xas long as short
Aster XPLUSDT+0.0100%4h0.09819+0.053%$254K$527K20xas long as short
Pacifica XPL+0.0100%1h0.09820+0.061%$223K$46K10xas long as short
Binance XPLUSDT+0.0100%4h0.09820+0.058%$44.5M$107.5M75xas long as short
Bybit XPLUSDT+0.0100%4h0.09823+0.092%$48.2M$55.0M75xas long as short
OKX XPL-USDT-SWAP+0.0100%4h0.09819+0.051%$8.9M$54.6M50xas long as short
Gate XPL_USDT+0.0100%4h0.09813−0.010%$3.0M$4.0M75xas long as short
MEXC XPL_USDT+0.0100%4h0.09820+0.061%$12.8M$7.6M100xas long as short
KuCoin XPLUSDTM+0.0100%4h0.09815+0.010%$2.4M$1.5M50xas long as short
Bitget XPLUSDT+0.0100%4h0.09832+0.183%$8.7M$11.1M75xas long as short
BingX XPL-USDT+0.0100%4h0.09818+0.041%$7.9Mas long as short
Backpack XPL_USDC_PERP+0.0100%1h0.09816+0.020%$178K$279K10xas long as short
Variational Omni XPL+0.0100%4h0.09788−0.263%$1.7M$1.9Mas long as short
GRVT XPL_USDT_Perp+0.0100%4h0.09812−0.022%$261K$787K10xas long as short
ApeX Omni XPLUSDT+0.0100%1h0.09800−0.143%$25K$88K50xas long as short
Polymarket Perps XPL-USD+0.0100%1h0.09834+0.200%$131K$2.7M10xas long as short
SunX XPL-USDT+0.0100%4h0.09790−0.245%$2K$2.0M20xas long as short
SoDEX XPL-USD+0.0100%1h0.09810−0.041%$451$10K10xas long as short
HTX XPL-USDT+0.0100%4h0.09788−0.265%$139K$246K20xas long as short
Bulk XPL-USD+0.0100%1h0.09790−0.245%$143K$9K10xas long as short
Extended XPL-USD+0.0104%1h0.09817+0.032%$660K$1.1M25xas long as short
Aevo XPL-PERP+0.0104%1h0.09814+0.004%$38K$5K3xas long as short
Phoenix XPL+0.0327%1h0.09824+0.102%$199K$651K10xas long as short
BloFin XPL-USDT+0.0340%4h0.09801−0.132%$1.8M$1.2M75xas long as short
Coinbase International XPL-PERP-INTX+0.0568%1h0.09825+0.112%$72K$97K50xas long as short
Kraken Futures PF_XPLUSD+0.5064%1h0.09857+0.443%$567K$1.0M10xas long as short