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

XPL

all XPL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC−0.0272%/8h= −29.8% APRnext payment $0.34 per $10,000 · paid last 24h −0.084%
Price spread now: GMX against 01 Exchange+0.141%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
The price spread pays, funding is against you. GMX is 0.141% dearer against 01 Exchange than usual: you sell high and buy low (spread +0.141% now, against zero (this spread has no 7-day history yet)): +$14 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 41 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
Long01 Exchange XPLUSD0.09661−0.0296get 0.0037% / 1h6m 22s$562$7085x
ShortGMX XPL/USD [WBTC.b-USDC]0.09675L −0.0207% / S +0.0568%pay 0.0071% / 1h6m 22s$111K100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GMX 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
−$57.06
Price spread: +0.141% → 0.000%
$14.08
Slippage, 4 orders
no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Fee GMX: 6 bp × 2 orders
−$12
Net
−$61.99
Costs to cover
0.190%
Break-even
never at this rate
Slippage unknown: 01 Exchange: no order-book sample; GMX: 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 GMX no order-book sample
01 Exchange and GMX: 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 35 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−0.0296%1h0.09661long leg$562$7085x
Backpack XPL_USDC_PERP−0.0215%1h0.09673+0.124%$179K$243K10xas long as short
GMX XPL/USD [WBTC.b-USDC]shortL −0.0207% / S +0.0568%1h0.09675+0.141%$111K100x
Deribit XPL_USDC-PERPETUAL−0.0163%1h0.09675+0.145%$46K$18K25xas long as short
Orderly PERP_XPL_USDC−0.0001%4h0.09672+0.114%$29K$335K10xas long as short
dYdX XPL-USD0.0000%1h0.09677+0.165%$8K5xas long as short
Reya XPLRUSDPERP0.0000%1h0.07571−21.638%as long as short
gTrade (Gains Network) XPL/USDL +0.0005% / S −0.0003%1h0.09676+0.153%$60K150xas long as short
Lighter XPL+0.0032%1h0.09667+0.062%$4.4M$4.2M10xas long as short
Paradex XPL-USD-PERP+0.0044%8h0.09671+0.100%$13K$2K5xas long as short
Show all 35 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX XPL-USDT-SWAP+0.0046%4h0.09672+0.114%$8.4M$53.7M50xas long as short
Nado XPL-PERP+0.0100%1h0.09667+0.060%$1.2M$2.8M10xas long as short
Hyperliquid XPL+0.0100%1h0.09683+0.226%$61.7M$47.5M10xas long as short
Aster XPLUSDT+0.0100%4h0.09672+0.113%$246K$500K20xas long as short
Pacifica XPL+0.0100%1h0.09681+0.207%$220K$47K10xas long as short
Binance XPLUSDT+0.0100%4h0.09670+0.096%$43.9M$108.2M75xas long as short
Bybit XPLUSDT+0.0100%4h0.09669+0.083%$46.5M$56.6M75xas long as short
Bulk XPL-USD+0.0100%1h0.09660−0.010%$141K$7K10xas long as short
Gate XPL_USDT+0.0100%4h0.09670+0.093%$3.0M$3.9M75xas long as short
MEXC XPL_USDT+0.0100%4h0.09670+0.093%$12.6M$8.0M100xas long as short
KuCoin XPLUSDTM+0.0100%4h0.09664+0.031%$2.3M$1.5M50xas long as short
Bitget XPLUSDT+0.0100%4h0.09675+0.145%$8.6M$11.1M75xas long as short
BingX XPL-USDT+0.0100%4h0.09668+0.072%$8.0Mas long as short
Variational Omni XPL+0.0100%4h0.09671+0.102%$1.7M$1.8Mas long as short
GRVT XPL_USDT_Perp+0.0100%4h0.09665+0.043%$257K$891K10xas long as short
ApeX Omni XPLUSDT+0.0100%1h0.09660−0.010%$25K$83K50xas long as short
Polymarket Perps XPL-USD+0.0100%1h0.09680+0.195%$132K$2.6M10xas long as short
SunX XPL-USDT+0.0100%4h0.09660−0.010%$2K$1.9M20xas long as short
SoDEX XPL-USD+0.0100%1h0.09670+0.093%$194$11K10xas long as short
HTX XPL-USDT+0.0100%4h0.09664+0.031%$144K$249K20xas long as short
Extended XPL-USD+0.0104%1h0.09668+0.070%$655K$1.1M25xas long as short
Aevo XPL-PERP+0.0104%1h0.09670+0.093%$29K$18K3xas long as short
Phoenix XPL+0.0328%1h0.09674+0.135%$196K$657K10xas long as short
Coinbase International XPL-PERP-INTX+0.0496%1h0.09766+1.087%$78K$95K50xas long as short
Kraken Futures PF_XPLUSD+0.4401%1h0.09718+0.589%$551K$1.0M10xas long as short