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

XPL

all XPL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC−0.0100%/8h= −10.9% APRnext payment $0.13 per $10,000 · paid last 24h −0.030%
Price spread now: dYdX against ApeX Omni−0.117%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 6 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 against this trade now: funding costs −$3 a day on $10k at the current rate, and dYdX is 0.117% cheaper against ApeX Omni than usual: you would sell low and buy high (−$12 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni XPLUSDT0.096600.0100pay 0.0013% / 1h9m 27s$25K$75K50x
ShortdYdX XPL-USD0.096490get 0.0000% / 1h9m 27s$9K$6005x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

dYdX against ApeX Omni. 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
−$21
Price spread: −0.117% → 0.000%
−$11.73
Slippage, 4 orders
no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee dYdX: 5 bp × 2 orders
−$10
Net
−$52.73
Costs to cover
0.200%
Break-even
never at this rate
Slippage unknown: ApeX Omni: no order-book sample; dYdX: 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 ApeX Omni no order-book sample
Sell dYdX no order-book sample
ApeX Omni and dYdX: 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−0.1096%1h0.09632−0.290%$4.4M$3.2M10xas long as short
GMX XPL/USD [WBTC.b-USDC]L −0.0313% / S +0.0615%1h0.09653−0.076%$107K100xas long as short
01 Exchange XPLUSD−0.0312%1h0.09641−0.197%$561$8735xas long as short
Orderly PERP_XPL_USDC−0.0007%4h0.09649−0.114%$30K$266K10xas long as short
dYdX XPL-USDshort0.0000%1h0.09649−0.117%$9K$6005x
Reya XPLRUSDPERP0.0000%1h0.07571−21.626%as long as short
Deribit XPL_USDC-PERPETUAL0.0000%1h0.09654−0.062%$46K$18K25xas long as short
gTrade (Gains Network) XPL/USDL +0.0005% / S −0.0004%1h0.09654−0.060%$73K150xas long as short
Paradex XPL-USD-PERP+0.0066%8h0.09641−0.199%$13K$6965xas long as short
Nado XPL-PERP+0.0100%1h0.09644−0.163%$1.3M$2.2M10xas long as short
Show all 36 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid XPL+0.0100%1h0.09666+0.062%$61.1M$46.1M10xas long as short
Aster XPLUSDT+0.0100%4h0.09659−0.015%$255K$420K20xas long as short
Pacifica XPL+0.0100%1h0.09648−0.122%$221K$46K10xas long as short
Binance XPLUSDT+0.0100%4h0.09648−0.124%$43.9M$97.4M75xas long as short
Bybit XPLUSDT+0.0100%4h0.09648−0.124%$46.1M$53.3M75xas long as short
OKX XPL-USDT-SWAP+0.0100%4h0.09645−0.155%$7.9M$48.0M50xas long as short
Bulk XPL-USD+0.0100%1h0.09655−0.052%$141K$010xas long as short
Gate XPL_USDT+0.0100%4h0.09651−0.093%$3.0M$3.4M75xas long as short
MEXC XPL_USDT+0.0100%4h0.09648−0.124%$12.6M$6.8M100xas long as short
KuCoin XPLUSDTM+0.0100%4h0.09648−0.124%$2.3M$1.2M50xas long as short
Bitget XPLUSDT+0.0100%4h0.09657−0.031%$9.1M$9.8M75xas long as short
BingX XPL-USDT+0.0100%4h0.09649−0.114%$7.8Mas long as short
Backpack XPL_USDC_PERP+0.0100%1h0.09654−0.062%$181K$189K10xas long as short
Variational Omni XPL+0.0100%4h0.09660−0.003%$1.7M$1.9Mas long as short
GRVT XPL_USDT_Perp+0.0100%4h0.09650−0.104%$263K$1.3M10xas long as short
ApeX Omni XPLUSDTlong+0.0100%1h0.09660long leg$25K$75K50x
Polymarket Perps XPL-USD+0.0100%1h0.09660−0.003%$127K$1.8M10xas long as short
SunX XPL-USDT+0.0100%4h0.09630−0.311%$3K$1.6M20xas long as short
SoDEX XPL-USD+0.0100%1h0.09650−0.104%$201$9K10xas long as short
HTX XPL-USDT+0.0100%4h0.09646−0.145%$133K$213K20xas long as short
Extended XPL-USD+0.0104%1h0.09636−0.246%$604K$1.2M25xas long as short
Aevo XPL-PERP+0.0104%1h0.09654−0.060%$29K$18K3xas long as short
Phoenix XPL+0.0248%1h0.09671+0.114%$196K$506K10xas long as short
BloFin XPL-USDT+0.0340%4h0.09643−0.176%$1.7M$937K75xas long as short
Coinbase International XPL-PERP-INTX+0.0664%1h0.09718+0.600%$66K$92K50xas long as short
Kraken Futures PF_XPLUSD+0.2827%1h0.09686+0.271%$550K$932K10xas long as short