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

XPL

all XPL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0516%/8h= +56.5% APRnext payment +$0.64 per $10,000 · paid last 24h +0.047%
Price spread now: Polymarket Perps against 01 Exchange+0.223%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
Both sides work for this trade now. Funding pays +$15 a day on $10k at the current rate, and Polymarket Perps is 0.223% dearer against 01 Exchange than usual: you sell high and buy low: +$22 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
Long01 Exchange XPLUSD0.09694−0.0416get 0.0052% / 1h30m 00s$564$7085x
ShortPolymarket Perps XPL-USD0.097160.0100get 0.0013% / 1h30m 00s$130K$2.7M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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
$108.36
Price spread: +0.223% → 0.000%
$22.28
Slippage, 4 orders
no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Net
$115.64
Costs to cover
0.150%
Break-even
from the start
Slippage unknown: 01 Exchange: no order-book sample; Polymarket Perps: 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
LegHalf-spread$10k$100k$1M$5M
Buy 01 Exchange no order-book sample
Sell Polymarket Perps live order book, 4 min ago2.93 bp8.1 bp −$89.4 bp −$94doesn'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
Lighter XPL−0.0616%1h0.09705+0.113%$4.4M$4.2M10xas long as short
01 Exchange XPLUSDlong−0.0416%1h0.09694long leg$564$7085x
GMX XPL/USD [WBTC.b-USDC]L −0.0135% / S +0.0522%1h0.09716+0.227%$112K100xas long as short
Deribit XPL_USDC-PERPETUAL−0.0059%1h0.09714+0.206%$47K$18K25xas long as short
dYdX XPL-USD0.0000%1h0.09710+0.170%$8K5xas long as short
Reya XPLRUSDPERP0.0000%1h0.07570−21.906%as long as short
gTrade (Gains Network) XPL/USDL +0.0005% / S −0.0003%1h0.09714+0.210%$76K150xas long as short
Paradex XPL-USD-PERP+0.0019%8h0.09695+0.011%$13K$2K5xas long as short
Orderly PERP_XPL_USDC+0.0051%4h0.09708+0.144%$29K$335K10xas long as short
Gate XPL_USDT+0.0072%4h0.09706+0.124%$3.0M$4.0M75xas long as short
Show all 36 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Nado XPL-PERP+0.0100%1h0.09702+0.083%$1.4M$2.6M10xas long as short
Hyperliquid XPL+0.0100%1h0.09723+0.302%$62.7M$48.1M10xas long as short
Aster XPLUSDT+0.0100%4h0.09716+0.226%$252K$527K20xas long as short
Pacifica XPL+0.0100%1h0.09704+0.100%$221K$46K10xas long as short
Binance XPLUSDT+0.0100%4h0.09711+0.173%$44.2M$108.2M75xas long as short
Bybit XPLUSDT+0.0100%4h0.09714+0.206%$47.3M$55.3M75xas long as short
OKX XPL-USDT-SWAP+0.0100%4h0.09711+0.175%$8.7M$54.3M50xas long as short
MEXC XPL_USDT+0.0100%4h0.09709+0.155%$12.7M$7.6M100xas long as short
KuCoin XPLUSDTM+0.0100%4h0.09710+0.165%$2.4M$1.5M50xas long as short
Bitget XPLUSDT+0.0100%4h0.09717+0.237%$8.7M$11.1M75xas long as short
BingX XPL-USDT+0.0100%4h0.09710+0.165%$7.9Mas long as short
Backpack XPL_USDC_PERP+0.0100%1h0.09713+0.196%$179K$281K10xas long as short
Variational Omni XPL+0.0100%4h0.09696+0.025%$1.6M$1.9Mas long as short
GRVT XPL_USDT_Perp+0.0100%4h0.09710+0.165%$260K$806K10xas long as short
ApeX Omni XPLUSDT+0.0100%1h0.09710+0.165%$25K$88K50xas long as short
Polymarket Perps XPL-USDshort+0.0100%1h0.09716+0.223%$130K$2.7M10x
SunX XPL-USDT+0.0100%4h0.09690−0.041%$2K$2.0M20xas long as short
SoDEX XPL-USD+0.0100%1h0.09710+0.165%$197$10K10xas long as short
HTX XPL-USDT+0.0100%4h0.09699+0.052%$138K$233K20xas long as short
Bulk XPL-USD+0.0100%1h0.09700+0.060%$141K$9K10xas long as short
Extended XPL-USD+0.0104%1h0.09708+0.147%$653K$1.1M25xas long as short
Aevo XPL-PERP+0.0104%1h0.09715+0.217%$38K$5K3xas long as short
Phoenix XPL+0.0327%1h0.09721+0.279%$197K$651K10xas long as short
BloFin XPL-USDT+0.0340%4h0.09700+0.062%$1.8M$1.2M75xas long as short
Coinbase International XPL-PERP-INTX+0.0568%1h0.09825+1.351%$72K$97K50xas long as short
Kraken Futures PF_XPLUSD+0.5110%1h0.09769+0.771%$563K$1.0M10xas long as short