Funding arb · Price arb /

XPL

all XPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0348%/8h= +38.1% APRpaid last 24h +0.047%

Price spread now: Gate against 01 Exchange+0.010%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on 01 Exchange Short on Gate

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 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$10 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange XPLUSD	0.09738	−0.0248	get 0.0031% / 1h	46m 29s	$566	$708	5x
Short	Gate XPL_USDT	0.09739	0.0100	get 0.0050% / 4h	3h 46m	$3.0M	$4.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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

Position, each leg$Hold fordaysFee 01 ExchangebpFee GatebpOrdersPrice spread, now +0.010%Rate

Funding earned: $73.08
Price spread: +0.010% → 0.000%: $1.03
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Gate: 7.5 bp × 2 orders: −$15
Net: $52.11
Costs to cover: 0.220%
Break-even: 2.0 days

Slippage unknown: 01 Exchange: no order-book sample; Gate: live order book, 2 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy 01 Exchange no order-book sample	—	—	—	—	—
Sell Gate live order book, 2 min ago	3.08 bp	21.3 bp −$21	142.6 bp −$1,426	doesn't fit	doesn'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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Backpack XPL_USDC_PERP	−0.0289%	1h	0.09740	+0.021%	$180K	$282K	10x	as long as short
Deribit XPL_USDC-PERPETUAL	−0.0263%	1h	0.09740	+0.021%	$47K	$18K	25x	as long as short
01 Exchange XPLUSDlong	−0.0248%	1h	0.09738	long leg	$566	$708	5x
Lighter XPL	−0.0232%	1h	0.09728	−0.103%	$4.4M	$4.2M	10x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0156% / S +0.0535%	1h	0.09741	+0.032%	$112K	—	100x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09738	−0.001%	$8K	—	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07570	−22.259%	—	—	—	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0003%	1h	0.09742	+0.043%	$76K	—	150x	as long as short
Paradex XPL-USD-PERP	+0.0026%	8h	0.09743	+0.048%	$13K	$2K	5x	as long as short
Orderly PERP_XPL_USDC	+0.0030%	4h	0.09739	+0.010%	$29K	$335K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado XPL-PERP	+0.0100%	1h	0.09730	−0.087%	$1.4M	$2.6M	10x	as long as short
Hyperliquid XPL	+0.0100%	1h	0.09755	+0.169%	$62.9M	$47.4M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09744	+0.060%	$252K	$533K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09745	+0.069%	$222K	$46K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09736	−0.024%	$44.5M	$108.8M	75x	as long as short
Bybit XPLUSDT	+0.0100%	4h	0.09731	−0.072%	$47.1M	$55.8M	75x	as long as short
OKX XPL-USDT-SWAP	+0.0100%	4h	0.09727	−0.113%	$8.6M	$54.9M	50x	as long as short
Gate XPL_USDTshort	+0.0100%	4h	0.09739	+0.010%	$3.0M	$4.0M	75x
MEXC XPL_USDT	+0.0100%	4h	0.09740	+0.021%	$12.8M	$7.6M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09737	−0.010%	$2.4M	$1.5M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09743	+0.051%	$8.6M	$11.1M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09736	−0.021%	—	$7.9M	—	as long as short
Variational Omni XPL	+0.0100%	4h	0.09715	−0.236%	$1.6M	$1.9M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09723	−0.157%	$266K	$827K	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09730	−0.082%	$25K	$87K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09746	+0.085%	$130K	$2.7M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09720	−0.185%	$3K	$2.0M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09730	−0.082%	$199	$10K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09784	+0.472%	$142K	$241K	20x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09720	−0.183%	$142K	$2K	10x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09737	−0.015%	$654K	$1.1M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09735	−0.026%	$29K	$18K	3x	as long as short
Phoenix XPL	+0.0163%	1h	0.09719	−0.195%	$197K	$655K	10x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09738	0.000%	$1.8M	$1.2M	75x	as long as short
Coinbase International XPL-PERP-INTX	+0.0376%	1h	0.09815	+0.791%	$72K	$97K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.5085%	1h	0.09784	+0.474%	$566K	$1.0M	10x	as long as short