Funding arb · Price arb /

XPL

all XPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0014%/8h= −1.5% APRpaid last 24h −0.001%

Price spread now: Paradex against Binance−0.030%48s7-day average — · you buy dearer than you sell

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

Long on Binance Short on Paradex

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 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Paradex is 0.030% cheaper against Binance than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance XPLUSDT	0.09726	0.0100	pay 0.0050% / 4h	1h 05m	$44.0M	$107.1M	75x
Short	Paradex XPL-USD-PERP	0.09723	0.0086	get 0.0086% / 8h	1h 05m	$13K	$2K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Binance. 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 BinancebpFee ParadexbpOrdersPrice spread, now −0.030%Rate

Funding earned: −$2.89
Price spread: −0.030% → 0.000%: −$3.01
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$19.9
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 7 min ago; Paradex: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Binance live order book, 7 min ago	0.51 bp	7.5 bp −$7	22.8 bp −$228	128.1 bp −$12.8K	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

Paradex: 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	−0.0269%	1h	0.09741	+0.154%	$177K	$280K	10x	as long as short
01 Exchange XPLUSD	−0.0208%	1h	0.09725	−0.010%	$565	$708	5x	as long as short
Lighter XPL	−0.0200%	1h	0.09718	−0.082%	$4.4M	$4.1M	10x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0117% / S +0.0510%	1h	0.09739	+0.133%	$112K	—	100x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09720	−0.064%	$8K	—	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−22.162%	—	—	—	as long as short
Deribit XPL_USDC-PERPETUAL	0.0000%	1h	0.09743	+0.175%	$47K	$18K	25x	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09742	+0.169%	$72K	—	150x	as long as short
Orderly PERP_XPL_USDC	+0.0070%	4h	0.09740	+0.144%	$29K	$335K	10x	as long as short
Paradex XPL-USD-PERPshort	+0.0086%	8h	0.09723	−0.030%	$13K	$2K	5x

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado XPL-PERP	+0.0100%	1h	0.09725	−0.010%	$1.4M	$2.6M	10x	as long as short
Hyperliquid XPL	+0.0100%	1h	0.09742	+0.160%	$63.0M	$47.7M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09735	+0.095%	$252K	$527K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09727	+0.006%	$221K	$46K	10x	as long as short
Binance XPLUSDTlong	+0.0100%	4h	0.09726	long leg	$44.0M	$107.1M	75x
Bybit XPLUSDT	+0.0100%	4h	0.09729	+0.031%	$47.9M	$54.9M	75x	as long as short
OKX XPL-USDT-SWAP	+0.0100%	4h	0.09721	−0.051%	$8.9M	$54.0M	50x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09714	−0.121%	$142K	$9K	10x	as long as short
Gate XPL_USDT	+0.0100%	4h	0.09732	+0.062%	$3.0M	$4.0M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09725	−0.010%	$12.5M	$7.7M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09731	+0.051%	$2.4M	$1.5M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09732	+0.062%	$8.6M	$11.1M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09725	−0.010%	—	$7.9M	—	as long as short
Variational Omni XPL	+0.0100%	4h	0.09707	−0.193%	$1.7M	$1.9M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09725	−0.013%	$259K	$787K	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09740	+0.144%	$25K	$88K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09740	+0.140%	$129K	$2.7M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09710	−0.165%	$2K	$2.0M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09740	+0.144%	$448	$10K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09716	−0.103%	$138K	$246K	20x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09723	−0.036%	$653K	$1.1M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09743	+0.179%	$38K	$5K	3x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09719	−0.072%	$1.7M	$1.1M	75x	as long as short
Phoenix XPL	+0.0412%	1h	0.09727	+0.010%	$197K	$652K	10x	as long as short
Coinbase International XPL-PERP-INTX	+0.0792%	1h	0.09760	+0.350%	$72K	$104K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.4584%	1h	0.09793	+0.692%	$563K	$998K	10x	as long as short