Funding arb · Price arb /

XPL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0484%/8h= +53.0% APRpaid last 24h +0.053%

Price spread now: KuCoin against 01 Exchange+0.208%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 KuCoin

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 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$15 a day on $10k at the current rate, and KuCoin is 0.208% dearer against 01 Exchange than usual: you sell high and buy low: +$21 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange XPLUSD	0.09595	−0.0384	get 0.0048% / 1h	26m 06s	$558	$708	5x
Short	KuCoin XPLUSDTM	0.09615	0.0100	get 0.0050% / 4h	26m 06s	$2.3M	$1.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.208%Rate

Funding earned: $101.64
Price spread: +0.208% → 0.000%: $20.84
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee KuCoin: 6 bp × 2 orders: −$12
Net: $103.48
Costs to cover: 0.190%
Break-even: from the start

Slippage unknown: 01 Exchange: no order-book sample; KuCoin: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy 01 Exchange no order-book sample	—	—	—	—	—
Sell KuCoin live order book, 5 min ago	6.74 bp	29.5 bp −$29	182.3 bp −$1,823	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
01 Exchange XPLUSDlong	−0.0384%	1h	0.09595	long leg	$558	$708	5x
GMX XPL/USD [WBTC.b-USDC]	L −0.0308% / S +0.0613%	1h	0.09609	+0.151%	$106K	—	100x	as long as short
Bybit XPLUSDT	−0.0079%	4h	0.09628	+0.344%	$45.6M	$54.7M	75x	as long as short
Deribit XPL_USDC-PERPETUAL	−0.0062%	1h	0.09621	+0.271%	$46K	$18K	25x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09615	+0.205%	$9K	$585	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−21.098%	—	—	—	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09612	+0.179%	$72K	—	150x	as long as short
Orderly PERP_XPL_USDC	+0.0013%	4h	0.09617	+0.229%	$29K	$339K	10x	as long as short
Backpack XPL_USDC_PERP	+0.0054%	1h	0.09627	+0.334%	$178K	$223K	10x	as long as short
Paradex XPL-USD-PERP	+0.0080%	8h	0.09610	+0.156%	$12K	$2K	5x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter XPL	+0.0096%	1h	0.09617	+0.229%	$4.4M	$3.3M	10x	as long as short
Hyperliquid XPL	+0.0100%	1h	0.09643	+0.500%	$60.8M	$47.0M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09620	+0.261%	$242K	$460K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09612	+0.176%	$219K	$46K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09627	+0.337%	$43.8M	$103.4M	75x	as long as short
OKX XPL-USDT-SWAP	+0.0100%	4h	0.09631	+0.375%	$8.3M	$49.6M	50x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09550	−0.469%	$139K	$5K	10x	as long as short
Gate XPL_USDT	+0.0100%	4h	0.09626	+0.323%	$3.0M	$3.6M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09627	+0.334%	$12.3M	$7.7M	100x	as long as short
KuCoin XPLUSDTMshort	+0.0100%	4h	0.09615	+0.208%	$2.3M	$1.4M	50x
Bitget XPLUSDT	+0.0100%	4h	0.09634	+0.406%	$8.6M	$10.1M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09627	+0.334%	—	$7.9M	—	as long as short
Variational Omni XPL	+0.0100%	4h	0.09615	+0.206%	$1.7M	$1.9M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09669	+0.775%	$262K	$975K	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09640	+0.469%	$25K	$78K	50x	as long as short
Nado XPL-PERP	+0.0100%	1h	0.09603	+0.089%	$1.2M	$2.7M	10x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09614	+0.203%	$124K	$2.0M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09590	−0.052%	$3K	$1.8M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09620	+0.261%	$197	$12K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09612	+0.177%	$141K	$206K	20x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09616	+0.215%	$650K	$1.1M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09620	+0.261%	$29K	$18K	3x	as long as short
Phoenix XPL	+0.0334%	1h	0.09643	+0.500%	$195K	$617K	10x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09595	0.000%	$1.7M	$989K	75x	as long as short
Coinbase International XPL-PERP-INTX	+0.0616%	1h	0.09676	+0.844%	$75K	$87K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.3305%	1h	0.09653	+0.603%	$547K	$975K	10x	as long as short