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

XPL

all XPL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC+0.0568%/8h= +62.2% APRnext payment +$0.71 per $10,000 · paid last 24h +0.200%
Price spread now: Coinbase International against Aevo+1.329%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 5 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 +$17 a day on $10k at the current rate, and Coinbase International is 1.329% dearer against Aevo than usual: you sell high and buy low: +$133 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAevo XPL-PERP0.096380.0104pay 0.0013% / 1h57m 50s$29K$18K3x
ShortCoinbase International XPL-PERP-INTX0.097660.0672get 0.0084% / 1h57m 50s$78K$94K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International against Aevo. 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
$119.28
Price spread: +1.329% → 0.000%
$132.91
Slippage, 4 orders
no order book: not counted
Fee Aevo: 8 bp × 2 orders
−$16
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
$226.19
Costs to cover
0.260%
Break-even
from the start
Slippage unknown: Aevo: no order-book sample; Coinbase International: live order book, 56 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 Aevo no order-book sample
Sell Coinbase International live order book, 56 min ago35.65 bp66.7 bp −$67doesn't fitdoesn't fitdoesn't fit
Aevo: 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 35 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
Backpack XPL_USDC_PERP−0.0568%1h0.09632−0.061%$178K$243K10xas long as short
01 Exchange XPLUSD−0.0408%1h0.09637−0.009%$560$7085xas long as short
GMX XPL/USD [WBTC.b-USDC]L −0.0211% / S +0.0570%1h0.09648+0.102%$111K100xas long as short
Lighter XPL−0.0168%1h0.09634−0.040%$4.4M$4.2M10xas long as short
Deribit XPL_USDC-PERPETUAL−0.0165%1h0.09643+0.053%$46K$18K25xas long as short
Orderly PERP_XPL_USDC−0.0001%4h0.09640+0.022%$29K$335K10xas long as short
dYdX XPL-USD0.0000%1h0.09650+0.121%$8K5xas long as short
Reya XPLRUSDPERP0.0000%1h0.07571−21.450%as long as short
gTrade (Gains Network) XPL/USDL +0.0005% / S −0.0003%1h0.09650+0.123%$59K150xas long as short
OKX XPL-USDT-SWAP+0.0037%4h0.09615−0.238%$8.3M$53.1M50xas long as short
Show all 35 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Paradex XPL-USD-PERP+0.0045%8h0.09649+0.112%$13K$2K5xas long as short
Nado XPL-PERP+0.0100%1h0.09642+0.040%$1.2M$2.8M10xas long as short
Hyperliquid XPL+0.0100%1h0.09634−0.038%$61.2M$47.6M10xas long as short
Aster XPLUSDT+0.0100%4h0.09630−0.084%$245K$499K20xas long as short
Pacifica XPL+0.0100%1h0.09652+0.142%$219K$47K10xas long as short
Binance XPLUSDT+0.0100%4h0.09615−0.238%$43.6M$107.9M75xas long as short
Bybit XPLUSDT+0.0100%4h0.09612−0.269%$46.2M$55.9M75xas long as short
Gate XPL_USDT+0.0100%4h0.09616−0.227%$3.0M$3.7M75xas long as short
MEXC XPL_USDT+0.0100%4h0.09617−0.217%$12.5M$7.8M100xas long as short
KuCoin XPLUSDTM+0.0100%4h0.09620−0.186%$2.3M$1.5M50xas long as short
Bitget XPLUSDT+0.0100%4h0.09619−0.196%$8.5M$11.1M75xas long as short
BingX XPL-USDT+0.0100%4h0.09616−0.227%$7.9Mas long as short
Variational Omni XPL+0.0100%4h0.09670+0.331%$1.7M$1.8Mas long as short
GRVT XPL_USDT_Perp+0.0100%4h0.09646+0.083%$257K$891K10xas long as short
ApeX Omni XPLUSDT+0.0100%1h0.09680+0.437%$25K$83K50xas long as short
Polymarket Perps XPL-USD+0.0100%1h0.09662+0.246%$131K$2.6M10xas long as short
SunX XPL-USDT+0.0100%4h0.09630−0.082%$2K$1.9M20xas long as short
SoDEX XPL-USD+0.0100%1h0.09640+0.022%$195$11K10xas long as short
HTX XPL-USDT+0.0100%4h0.09665+0.281%$143K$250K20xas long as short
Bulk XPL-USD+0.0100%1h0.09660+0.229%$141K$7K10xas long as short
Extended XPL-USD+0.0104%1h0.09615−0.235%$651K$1.1M25xas long as short
Aevo XPL-PERPlong+0.0104%1h0.09638long leg$29K$18K3x
Phoenix XPL+0.0328%1h0.09667+0.302%$196K$620K10xas long as short
Coinbase International XPL-PERP-INTXshort+0.0672%1h0.09766+1.329%$78K$94K50x
Kraken Futures PF_XPLUSD+0.3551%1h0.09682+0.455%$549K$1.0M10xas long as short