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

XPL

all XPL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC+0.3928%/8h= +430.1% APRnext payment +$4.91 per $10,000 · paid last 24h +0.540%
Price spread now: Kraken Futures against 01 Exchange+0.529%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 +$118 a day on $10k at the current rate, and Kraken Futures is 0.529% dearer against 01 Exchange than usual: you sell high and buy low: +$53 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
Long01 Exchange XPLUSD0.09628−0.0376get 0.0047% / 1h13m 48s$560$7085x
ShortKraken Futures PF_XPLUSD0.096790.3552get 0.0444% / 1h13m 48s$549K$1.0M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Kraken Futures 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
$824.78
Price spread: +0.529% → 0.000%
$52.94
Slippage, 4 orders
no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
$860.71
Costs to cover
0.170%
Break-even
from the start
Slippage unknown: 01 Exchange: no order-book sample; Kraken Futures: live order book, 5 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 Kraken Futures live order book, 5 min ago22.18 bp29.2 bp −$29201.7 bp −$2,017doesn'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
01 Exchange XPLUSDlong−0.0376%1h0.09628long leg$560$7085x
Backpack XPL_USDC_PERP−0.0272%1h0.09640+0.125%$179K$231K10xas long as short
GMX XPL/USD [WBTC.b-USDC]L −0.0266% / S +0.0587%1h0.09639+0.118%$106K100xas long as short
Bybit XPLUSDT−0.0095%4h0.09626−0.021%$45.6M$56.7M75xas long as short
Deribit XPL_USDC-PERPETUAL−0.0061%1h0.09640+0.125%$46K$18K25xas long as short
Orderly PERP_XPL_USDC0.0000%4h0.09634+0.062%$29K$335K10xas long as short
dYdX XPL-USD0.0000%1h0.09636+0.084%$8K5xas long as short
Reya XPLRUSDPERP0.0000%1h0.07571−21.368%as long as short
gTrade (Gains Network) XPL/USDL +0.0005% / S −0.0004%1h0.09640+0.127%$73K150xas long as short
OKX XPL-USDT-SWAP+0.0062%4h0.09630+0.021%$8.3M$52.5M50xas long as short
Show all 36 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Paradex XPL-USD-PERP+0.0064%8h0.09630+0.022%$13K$2K5xas long as short
Lighter XPL+0.0096%1h0.09624−0.042%$4.4M$4.2M10xas long as short
Nado XPL-PERP+0.0100%1h0.09632+0.047%$1.2M$2.8M10xas long as short
Hyperliquid XPL+0.0100%1h0.09644+0.164%$60.5M$48.2M10xas long as short
Aster XPLUSDT+0.0100%4h0.09638+0.104%$244K$497K20xas long as short
Pacifica XPL+0.0100%1h0.09640+0.125%$220K$48K10xas long as short
Binance XPLUSDT+0.0100%4h0.09632+0.044%$43.6M$108.4M75xas long as short
Bulk XPL-USD+0.0100%1h0.09643+0.160%$140K$5K10xas long as short
Gate XPL_USDT+0.0100%4h0.09632+0.042%$3.0M$3.8M75xas long as short
MEXC XPL_USDT+0.0100%4h0.09629+0.010%$12.5M$7.9M100xas long as short
KuCoin XPLUSDTM+0.0100%4h0.09629+0.010%$2.3M$1.5M50xas long as short
Bitget XPLUSDT+0.0100%4h0.09633+0.052%$8.5M$11.1M75xas long as short
BingX XPL-USDT+0.0100%4h0.09626−0.021%$8.0Mas long as short
Variational Omni XPL+0.0100%4h0.09645+0.173%$1.7M$1.8Mas long as short
GRVT XPL_USDT_Perp+0.0100%4h0.09649+0.213%$254K$930K10xas long as short
ApeX Omni XPLUSDT+0.0100%1h0.09660+0.332%$25K$83K50xas long as short
Polymarket Perps XPL-USD+0.0100%1h0.09642+0.147%$128K$2.6M10xas long as short
SunX XPL-USDT+0.0100%4h0.09620−0.083%$3K$1.9M20xas long as short
SoDEX XPL-USD+0.0100%1h0.09640+0.125%$2K$11K10xas long as short
HTX XPL-USDT+0.0100%4h0.09642+0.145%$145K$263K20xas long as short
Extended XPL-USD+0.0104%1h0.09628+0.004%$636K$1.1M25xas long as short
Aevo XPL-PERP+0.0104%1h0.09636+0.083%$29K$18K3xas long as short
Phoenix XPL+0.0248%1h0.09660+0.332%$196K$629K10xas long as short
BloFin XPL-USDT+0.0340%4h0.09635+0.073%$1.7M$1.0M75xas long as short
Coinbase International XPL-PERP-INTX+0.0672%1h0.09670+0.436%$75K$93K50xas long as short
Kraken Futures PF_XPLUSDshort+0.3552%1h0.09679+0.529%$549K$1.0M10x