Funding arb · Price arb /

XPL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: MEXC against ApeX Omni+0.010%96s7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on ApeX Omni Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.029%−$3 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni XPLUSDT	0.09730	0.0100	pay 0.0013% / 1h	45m 49s	$25K	$87K	50x
Short	MEXC XPL_USDT	0.09731	0.0100	get 0.0050% / 4h	1h 45m	$12.6M	$7.6M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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

Position, each leg$Hold fordaysFee ApeX OmnibpFee MEXCbpOrdersPrice spread, now +0.010%Rate

Funding earned: $0
Price spread: +0.010% → 0.000%: $1.03
Slippage, 4 orders: no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee MEXC: 0 bp × 2 orders: $0
Net: −$8.97
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: ApeX Omni: no order-book sample; MEXC: live order book, 2 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 ApeX Omni no order-book sample	—	—	—	—	—
Sell MEXC live order book, 2 min ago	0.51 bp	1.6 bp −$2	7.2 bp −$72	87.7 bp −$8,770	235.1 bp −$117.5K

ApeX Omni: 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
Backpack XPL_USDC_PERP	−0.0370%	1h	0.09732	+0.021%	$177K	$281K	10x	as long as short
01 Exchange XPLUSD	−0.0208%	1h	0.09706	−0.247%	$564	$708	5x	as long as short
Lighter XPL	−0.0192%	1h	0.09720	−0.103%	$4.4M	$4.1M	10x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0098% / S +0.0497%	1h	0.09718	−0.125%	$112K	—	100x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09720	−0.102%	$8K	—	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−22.192%	—	—	—	as long as short
Deribit XPL_USDC-PERPETUAL	0.0000%	1h	0.09739	+0.092%	$47K	$18K	25x	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09719	−0.114%	$72K	—	150x	as long as short
Orderly PERP_XPL_USDC	+0.0078%	4h	0.09739	+0.092%	$29K	$335K	10x	as long as short
Paradex XPL-USD-PERP	+0.0089%	8h	0.09710	−0.204%	$13K	$2K	5x	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	0.09712	−0.185%	$1.4M	$2.7M	10x	as long as short
Hyperliquid XPL	+0.0100%	1h	0.09747	+0.172%	$62.8M	$47.5M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09733	+0.032%	$252K	$527K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09716	−0.145%	$221K	$46K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09734	+0.041%	$43.7M	$106.1M	75x	as long as short
Bybit XPLUSDT	+0.0100%	4h	0.09734	+0.041%	$47.4M	$53.9M	75x	as long as short
OKX XPL-USDT-SWAP	+0.0100%	4h	0.09733	+0.031%	$8.9M	$53.4M	50x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09695	−0.360%	$140K	$8K	10x	as long as short
Gate XPL_USDT	+0.0100%	4h	0.09736	+0.062%	$3.0M	$4.0M	75x	as long as short
MEXC XPL_USDTshort	+0.0100%	4h	0.09731	+0.010%	$12.6M	$7.6M	100x
KuCoin XPLUSDTM	+0.0100%	4h	0.09729	−0.010%	$2.4M	$1.4M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09737	+0.072%	$8.6M	$11.1M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09735	+0.051%	—	$7.9M	—	as long as short
Variational Omni XPL	+0.0100%	4h	0.09696	−0.353%	$1.7M	$1.9M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09706	−0.243%	$255K	$782K	10x	as long as short
ApeX Omni XPLUSDTlong	+0.0100%	1h	0.09730	long leg	$25K	$87K	50x
Polymarket Perps XPL-USD	+0.0100%	1h	0.09725	−0.050%	$129K	$2.7M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09700	−0.308%	$2K	$2.0M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09730	0.000%	$202	$10K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09714	−0.164%	$138K	$246K	20x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09729	−0.009%	$657K	$1.1M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09741	+0.116%	$38K	$5K	3x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09713	−0.175%	$1.7M	$1.2M	75x	as long as short
Phoenix XPL	+0.0412%	1h	0.09727	−0.031%	$197K	$652K	10x	as long as short
Coinbase International XPL-PERP-INTX	+0.0792%	1h	0.09734	+0.041%	$72K	$104K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.4588%	1h	0.09784	+0.556%	$515K	$952K	10x	as long as short