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+0.0484%/8h= +53.0% APRnext payment +$0.61 per $10,000 · paid last 24h +0.051%
Price spread now: SoDEX against 01 Exchange−0.114%7-day average · you buy dearer than you sell
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
Funding pays, the price is against you. SoDEX is 0.114% cheaper against 01 Exchange than usual: you would sell low and buy high (spread −0.114% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$11 on $10k: about 19 hours of funding at the current rate (+$15 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
Long01 Exchange XPLUSD0.09621−0.0384get 0.0048% / 1h13m 14s$559$7085x
ShortSoDEX XPL-USD0.096100.0100get 0.0013% / 1h13m 14s$2K$11K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SoDEX 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
$101.64
Price spread: −0.114% → 0.000%
−$11.43
Slippage, 4 orders
no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Fee SoDEX: 4 bp × 2 orders
−$8
Net
$75.21
Costs to cover
0.150%
Break-even
1.8 days
Slippage unknown: 01 Exchange: no order-book sample; SoDEX: 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 SoDEX no order-book sample
01 Exchange and SoDEX: 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−0.0384%1h0.09621long leg$559$7085x
Deribit XPL_USDC-PERPETUAL−0.0374%1h0.09612−0.094%$46K$18K25xas long as short
Backpack XPL_USDC_PERP−0.0268%1h0.09613−0.083%$178K$231K10xas long as short
GMX XPL/USD [WBTC.b-USDC]L −0.0267% / S +0.0587%1h0.09622+0.015%$106K100xas long as short
Bybit XPLUSDT−0.0102%4h0.09602−0.197%$45.5M$56.7M75xas long as short
Orderly PERP_XPL_USDC0.0000%4h0.09612−0.094%$29K$335K10xas long as short
dYdX XPL-USD0.0000%1h0.09636+0.157%$8K5xas long as short
Reya XPLRUSDPERP0.0000%1h0.07571−21.311%as long as short
gTrade (Gains Network) XPL/USDL +0.0005% / S −0.0004%1h0.09622+0.006%$73K150xas long as short
OKX XPL-USDT-SWAP+0.0060%4h0.09607−0.146%$8.3M$52.4M50xas long as short
Show all 36 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Paradex XPL-USD-PERP+0.0064%8h0.09630+0.095%$13K$2K5xas long as short
Lighter XPL+0.0096%1h0.09610−0.114%$4.3M$4.2M10xas long as short
Nado XPL-PERP+0.0100%1h0.09632+0.114%$1.2M$2.8M10xas long as short
Hyperliquid XPL+0.0100%1h0.09648+0.283%$60.5M$48.2M10xas long as short
Aster XPLUSDT+0.0100%4h0.09637+0.165%$244K$497K20xas long as short
Pacifica XPL+0.0100%1h0.09640+0.197%$220K$48K10xas long as short
Binance XPLUSDT+0.0100%4h0.09608−0.135%$43.5M$108.4M75xas long as short
Bulk XPL-USD+0.0100%1h0.09643+0.233%$140K$5K10xas long as short
Gate XPL_USDT+0.0100%4h0.09631+0.104%$3.0M$3.8M75xas long as short
MEXC XPL_USDT+0.0100%4h0.09610−0.114%$12.5M$7.9M100xas long as short
KuCoin XPLUSDTM+0.0100%4h0.09622+0.010%$2.3M$1.5M50xas long as short
Bitget XPLUSDT+0.0100%4h0.09615−0.062%$8.5M$11.1M75xas long as short
BingX XPL-USDT+0.0100%4h0.09612−0.094%$7.9Mas long as short
Variational Omni XPL+0.0100%4h0.09645+0.245%$1.7M$1.8Mas long as short
GRVT XPL_USDT_Perp+0.0100%4h0.09649+0.286%$254K$930K10xas long as short
ApeX Omni XPLUSDT+0.0100%1h0.09660+0.405%$25K$83K50xas long as short
Polymarket Perps XPL-USD+0.0100%1h0.09641+0.210%$128K$2.6M10xas long as short
SunX XPL-USDT+0.0100%4h0.09610−0.114%$3K$1.9M20xas long as short
SoDEX XPL-USDshort+0.0100%1h0.09610−0.114%$2K$11K10x
HTX XPL-USDT+0.0100%4h0.09642+0.218%$145K$263K20xas long as short
Extended XPL-USD+0.0104%1h0.09611−0.103%$636K$1.1M25xas long as short
Aevo XPL-PERP+0.0104%1h0.09614−0.073%$29K$18K3xas long as short
Phoenix XPL+0.0248%1h0.09660+0.405%$196K$629K10xas long as short
BloFin XPL-USDT+0.0340%4h0.09630+0.094%$1.7M$1.0M75xas long as short
Coinbase International XPL-PERP-INTX+0.0672%1h0.09670+0.509%$75K$93K50xas long as short
Kraken Futures PF_XPLUSD+0.3560%1h0.09656+0.365%$548K$1.0M10xas long as short