Funding arb · Price arb /

XPL

all XPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: HTX against Bitget−0.162%7-day average −0.060% · you buy dearer than you sell

Net, funding: paid 7d − costs−$59as in the Funding arb table

Net, price: spread back to 7d avg − costs−$92as in the Price arb table

costs, in and out, $10k−$820.816% of the position

Long on Bitget Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.229%+$23 on $10k

Price spread, last 3 days (all we have)−0.079%−$8 · spread now −0.162%, 7d avg −0.060%

Together, before fees+0.150%+$15 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: HTX is 0.102% cheaper against Bitget than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of −0.060%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget XPLUSDT	0.09857	0.0100	pay 0.0050% / 4h	3h 29m	$8.8M	$11.1M	75x
Short	HTX XPL-USDT	0.09841	0.0100	get 0.0050% / 4h	3h 29m	$143K	$242K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Bitget. 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 BitgetbpFee HTXbpOrdersPrice spread, now −0.162%Rate

Funding earned: $0
Price spread: −0.162% → −0.060%: −$10.23
Slippage, 4 orders: −$57.64
Fee Bitget: 6 bp × 2 orders: −$12
Fee HTX: 6 bp × 2 orders: −$12
Net: −$91.87
Costs to cover: 0.816%
Break-even: never at this rate

Slippage from Bitget: live order book, 4 min ago; HTX: live order book, 42 min ago.

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 Bitget live order book, 4 min ago	2.54 bp	21.4 bp −$21	44.4 bp −$444	doesn't fit	doesn't fit
Sell HTX live order book, 42 min ago	0.51 bp	37.8 bp −$38	doesn't fit	doesn't fit	doesn't fit

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
Deribit XPL_USDC-PERPETUAL	−0.0257%	1h	0.09853	−0.041%	$47K	$18K	25x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0165% / S +0.0541%	1h	0.09856	−0.008%	$113K	—	100x	as long as short
01 Exchange XPLUSD	−0.0128%	1h	0.09849	−0.081%	$573	$708	5x	as long as short
Backpack XPL_USDC_PERP	−0.0054%	1h	0.09853	−0.041%	$184K	$272K	10x	as long as short
Lighter XPL	−0.0040%	1h	0.09841	−0.162%	$4.5M	$4.2M	10x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09859	+0.023%	$8K	—	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07570	−23.197%	—	—	—	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0003%	1h	0.09855	−0.025%	$77K	—	150x	as long as short
Orderly PERP_XPL_USDC	+0.0026%	4h	0.09852	−0.051%	$30K	$335K	10x	as long as short
Paradex XPL-USD-PERP	+0.0045%	8h	0.09857	0.000%	$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	0.09838	−0.190%	$1.5M	$2.6M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09859	+0.020%	$255K	$534K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09858	+0.012%	$224K	$46K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09845	−0.121%	$45.0M	$108.9M	75x	as long as short
Bybit XPLUSDT	+0.0100%	4h	0.09846	−0.112%	$47.8M	$55.8M	75x	as long as short
OKX XPL-USDT-SWAP	+0.0100%	4h	0.09845	−0.122%	$8.7M	$55.8M	50x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09765	−0.931%	$142K	$2K	10x	as long as short
Gate XPL_USDT	+0.0100%	4h	0.09851	−0.061%	$3.1M	$4.0M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09846	−0.112%	$13.0M	$7.7M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09849	−0.081%	$2.4M	$1.5M	50x	as long as short
Bitget XPLUSDTlong	+0.0100%	4h	0.09857	long leg	$8.8M	$11.1M	75x
BingX XPL-USDT	+0.0100%	4h	0.09848	−0.091%	—	$7.9M	—	as long as short
Variational Omni XPL	+0.0100%	4h	0.09857	0.000%	$1.7M	$1.9M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09872	+0.150%	$261K	$840K	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09840	−0.172%	$25K	$89K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09850	−0.066%	$132K	$2.7M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09830	−0.274%	$2K	$2.0M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09850	−0.071%	$195	$10K	10x	as long as short
HTX XPL-USDTshort	+0.0100%	4h	0.09841	−0.162%	$143K	$242K	20x
Extended XPL-USD	+0.0104%	1h	0.09850	−0.067%	$669K	$1.1M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09851	−0.058%	$29K	$18K	3x	as long as short
Phoenix XPL	+0.0163%	1h	0.09844	−0.132%	$199K	$655K	10x	as long as short
Hyperliquid XPL	+0.0244%	1h	0.09866	+0.095%	$63.9M	$47.3M	10x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09853	−0.041%	$1.8M	$1.2M	75x	as long as short
Coinbase International XPL-PERP-INTX	+0.0376%	1h	0.09864	+0.071%	$73K	$96K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.5026%	1h	0.09898	+0.414%	$572K	$1.0M	10x	as long as short