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

XPL

all XPL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC−0.0356%/8h= −39.0% APRnext payment $0.44 per $10,000 · paid last 24h −0.068%
Price spread now: 01 Exchange against ApeX Omni−0.134%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 4 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 −$11 a day on $10k at the current rate, and 01 Exchange is 0.134% cheaper against ApeX Omni than usual: you would sell low and buy high (−$13 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 XPLUSDT0.096800.0100pay 0.0013% / 1h1m 03s$25K$77K50x
Short01 Exchange XPLUSD0.09667−0.0256pay 0.0032% / 1h1m 03s$562$7085x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

01 Exchange 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
−$74.76
Price spread: −0.134% → 0.000%
−$13.43
Slippage, 4 orders
no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Net
−$105.19
Costs to cover
0.170%
Break-even
never at this rate
Slippage unknown: ApeX Omni: no order-book sample; 01 Exchange: 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 01 Exchange no order-book sample
ApeX Omni and 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
GMX XPL/USD [WBTC.b-USDC]L −0.0313% / S +0.0615%1h0.09677−0.028%$107K100xas long as short
Deribit XPL_USDC-PERPETUAL−0.0266%1h0.09678−0.021%$46K$18K25xas long as short
01 Exchange XPLUSDshort−0.0256%1h0.09667−0.134%$562$7085x
dYdX XPL-USD0.0000%1h0.09688+0.083%$9K$6005xas long as short
Reya XPLRUSDPERP0.0000%1h0.07571−21.787%as long as short
gTrade (Gains Network) XPL/USDL +0.0005% / S −0.0004%1h0.09678−0.021%$73K150xas long as short
Orderly PERP_XPL_USDC+0.0006%4h0.09674−0.062%$29K$284K10xas long as short
Lighter XPL+0.0056%1h0.09670−0.103%$4.4M$3.0M10xas long as short
Paradex XPL-USD-PERP+0.0058%8h0.09678−0.023%$13K$6965xas long as short
Nado XPL-PERP+0.0100%1h0.09671−0.090%$1.2M$2.2M10xas long as short
Show all 36 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid XPL+0.0100%1h0.09690+0.105%$61.3M$46.3M10xas long as short
Aster XPLUSDT+0.0100%4h0.09684+0.044%$254K$426K20xas long as short
Pacifica XPL+0.0100%1h0.09686+0.058%$222K$46K10xas long as short
Binance XPLUSDT+0.0100%4h0.09672−0.086%$43.8M$98.4M75xas long as short
Bybit XPLUSDT+0.0100%4h0.09673−0.072%$45.9M$53.6M75xas long as short
OKX XPL-USDT-SWAP+0.0100%4h0.09670−0.103%$8.0M$48.7M50xas long as short
Gate XPL_USDT+0.0100%4h0.09678−0.021%$3.1M$3.4M75xas long as short
MEXC XPL_USDT+0.0100%4h0.09675−0.052%$12.7M$7.0M100xas long as short
KuCoin XPLUSDTM+0.0100%4h0.09684+0.041%$2.3M$1.3M50xas long as short
Bitget XPLUSDT+0.0100%4h0.09681+0.010%$8.9M$9.7M75xas long as short
BingX XPL-USDT+0.0100%4h0.09673−0.072%$7.8Mas long as short
Backpack XPL_USDC_PERP+0.0100%1h0.09678−0.021%$176K$189K10xas long as short
Variational Omni XPL+0.0100%4h0.09685+0.050%$1.7M$1.9Mas long as short
GRVT XPL_USDT_Perp+0.0100%4h0.09681+0.012%$256K$1.2M10xas long as short
ApeX Omni XPLUSDTlong+0.0100%1h0.09680long leg$25K$77K50x
Polymarket Perps XPL-USD+0.0100%1h0.09681+0.012%$127K$1.8M10xas long as short
SunX XPL-USDT+0.0100%4h0.09650−0.310%$2K$1.7M20xas long as short
SoDEX XPL-USD+0.0100%1h0.09670−0.103%$199$12K10xas long as short
HTX XPL-USDT+0.0100%4h0.09681+0.010%$138K$187K20xas long as short
Bulk XPL-USD+0.0100%1h0.09676−0.041%$141K$010xas long as short
Extended XPL-USD+0.0104%1h0.09667−0.139%$609K$1.2M25xas long as short
Aevo XPL-PERP+0.0104%1h0.09675−0.052%$29K$18K3xas long as short
Phoenix XPL+0.0251%1h0.09691+0.114%$196K$536K10xas long as short
BloFin XPL-USDT+0.0340%4h0.09670−0.103%$1.7M$942K75xas long as short
Coinbase International XPL-PERP-INTX+0.0592%1h0.09718+0.393%$66K$92K50xas long as short
Kraken Futures PF_XPLUSD+0.2862%1h0.09716+0.367%$552K$953K10xas long as short