Funding arb · Price arb /

XPL

all XPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0292%/8h= +32.0% APRpaid last 24h +0.049%

Price spread now: MEXC against 01 Exchange+0.020%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 MEXC

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

Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and MEXC is 0.020% dearer against 01 Exchange than usual: you sell high and buy low: +$2 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	0.09914	−0.0192	get 0.0024% / 1h	14m 34s	$576	$708	5x
Short	MEXC XPL_USDT	0.09916	0.0100	get 0.0050% / 4h	3h 14m	$13.1M	$7.7M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.020%Rate

Funding earned: $61.32
Price spread: +0.020% → 0.000%: $2.02
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee MEXC: 0 bp × 2 orders: $0
Net: $56.34
Costs to cover: 0.070%
Break-even: 0.6 days

Slippage unknown: 01 Exchange: no order-book sample; MEXC: live order book, 4 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 MEXC live order book, 4 min ago	0.50 bp	2.0 bp −$2	7.3 bp −$73	88.4 bp −$8,840	239.5 bp −$119.8K

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
Deribit XPL_USDC-PERPETUAL	−0.0354%	1h	0.09920	+0.061%	$48K	$18K	25x	as long as short
01 Exchange XPLUSDlong	−0.0192%	1h	0.09914	long leg	$576	$708	5x
GMX XPL/USD [WBTC.b-USDC]	L −0.0171% / S +0.0546%	1h	0.09930	+0.157%	$114K	—	100x	as long as short
Lighter XPL	0.0000%	1h	0.09907	−0.071%	$4.5M	$4.2M	10x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09923	+0.090%	$8K	—	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−23.638%	—	—	—	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0003%	1h	0.09927	+0.135%	$77K	—	150x	as long as short
Orderly PERP_XPL_USDC	+0.0021%	4h	0.09919	+0.050%	$30K	$335K	10x	as long as short
Paradex XPL-USD-PERP	+0.0045%	8h	0.09919	+0.054%	$13K	$2K	5x	as long as short
OKX XPL-USDT-SWAP	+0.0092%	4h	0.09923	+0.091%	$8.8M	$56.3M	50x	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	0.09927	+0.131%	$1.5M	$2.6M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09917	+0.031%	$256K	$535K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09920	+0.061%	$226K	$46K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09918	+0.043%	$45.4M	$108.9M	75x	as long as short
Bybit XPLUSDT	+0.0100%	4h	0.09925	+0.111%	$48.2M	$56.1M	75x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09870	−0.444%	$144K	$2K	10x	as long as short
Gate XPL_USDT	+0.0100%	4h	0.09921	+0.071%	$3.1M	$4.0M	75x	as long as short
MEXC XPL_USDTshort	+0.0100%	4h	0.09916	+0.020%	$13.1M	$7.7M	100x
KuCoin XPLUSDTM	+0.0100%	4h	0.09916	+0.020%	$2.5M	$1.5M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09929	+0.151%	$8.8M	$11.2M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09918	+0.040%	—	$7.9M	—	as long as short
Backpack XPL_USDC_PERP	+0.0100%	1h	0.09918	+0.040%	$186K	$253K	10x	as long as short
Variational Omni XPL	+0.0100%	4h	0.09912	−0.021%	$1.8M	$2.0M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09914	0.000%	$263K	$844K	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09910	−0.040%	$26K	$89K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09936	+0.224%	$133K	$2.7M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09910	−0.040%	$3K	$2.0M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09920	+0.061%	$499	$11K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09929	+0.151%	$144K	$243K	20x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09917	+0.026%	$673K	$1.1M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09924	+0.105%	$29K	$18K	3x	as long as short
Phoenix XPL	+0.0163%	1h	0.09918	+0.040%	$201K	$655K	10x	as long as short
Hyperliquid XPL	+0.0194%	1h	0.09926	+0.124%	$64.4M	$47.1M	10x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09929	+0.151%	$1.8M	$1.2M	75x	as long as short
Coinbase International XPL-PERP-INTX	+0.0376%	1h	0.09980	+0.666%	$74K	$97K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.4990%	1h	0.09970	+0.569%	$576K	$1.0M	10x	as long as short