Funding arb · Price arb /

XPL

all XPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: OKX against Bitget−0.063%7-day average −0.019% · you buy dearer than you sell

Net, funding: paid 7d − costs−$52as in the Funding arb table

Net, price: spread back to 7d avg − costs−$59as in the Price arb table

costs, in and out, $10k−$550.548% of the position

Long on Bitget Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.025%+$3 on $10k

Price spread, last 7 days+0.045%+$5 · spread now −0.063%, 7d avg −0.019%

Together, before fees+0.070%+$7 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: OKX is 0.044% cheaper against Bitget than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.019%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget XPLUSDT	0.09532	0.0100	pay 0.0050% / 4h	2h 33m	$9.0M	$9.7M	75x
Short	OKX XPL-USDT-SWAP	0.09526	0.0100	get 0.0050% / 4h	2h 33m	$8.1M	$48.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.063%Rate

Funding earned: $0
Price spread: −0.063% → −0.019%: −$4.42
Slippage, 4 orders: −$32.8
Fee Bitget: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$59.22
Costs to cover: 0.548%
Break-even: never at this rate

Slippage from Bitget: live order book, 5 min ago; OKX: live order book, 5 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, 5 min ago	3.66 bp	16.6 bp −$17	24.0 bp −$240	doesn't fit	doesn't fit
Sell OKX live order book, 5 min ago	0.52 bp	14.3 bp −$14	49.5 bp −$495	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	−0.0274%	1h	0.09541	+0.094%	$46K	$18K	25x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0234% / S +0.0570%	1h	0.09531	−0.009%	$105K	—	100x	as long as short
01 Exchange XPLUSD	−0.0224%	1h	0.09520	−0.126%	$553	$708	5x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09548	+0.163%	$9K	$600	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−20.574%	—	—	—	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09533	+0.006%	$72K	—	150x	as long as short
Orderly PERP_XPL_USDC	+0.0015%	4h	0.09539	+0.073%	$29K	$320K	10x	as long as short
Lighter XPL	+0.0032%	1h	0.09529	−0.031%	$4.3M	$3.0M	10x	as long as short
Paradex XPL-USD-PERP	+0.0065%	8h	0.09541	+0.095%	$12K	$696	5x	as long as short
Nado XPL-PERP	+0.0100%	1h	0.09521	−0.110%	$1.2M	$2.4M	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid XPL	+0.0100%	1h	0.09540	+0.083%	$60.3M	$46.5M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09534	+0.026%	$251K	$429K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09544	+0.124%	$218K	$47K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09519	−0.133%	$43.2M	$100.2M	75x	as long as short
Bybit XPLUSDT	+0.0100%	4h	0.09520	−0.126%	$45.1M	$54.3M	75x	as long as short
OKX XPL-USDT-SWAPshort	+0.0100%	4h	0.09526	−0.063%	$8.1M	$48.0M	50x
Bulk XPL-USD	+0.0100%	1h	0.09565	+0.351%	$139K	$0	10x	as long as short
Gate XPL_USDT	+0.0100%	4h	0.09540	+0.084%	$3.0M	$3.4M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09524	−0.084%	$12.3M	$6.9M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09519	−0.136%	$2.3M	$1.4M	50x	as long as short
Bitget XPLUSDTlong	+0.0100%	4h	0.09532	long leg	$9.0M	$9.7M	75x
BingX XPL-USDT	+0.0100%	4h	0.09528	−0.042%	—	$7.8M	—	as long as short
Backpack XPL_USDC_PERP	+0.0100%	1h	0.09545	+0.136%	$173K	$190K	10x	as long as short
Variational Omni XPL	+0.0100%	4h	0.09579	+0.493%	$1.7M	$1.9M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09577	+0.467%	$254K	$1.1M	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09610	+0.818%	$25K	$77K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09535	+0.034%	$125K	$2.0M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09520	−0.126%	$3K	$1.7M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09540	+0.084%	$197	$12K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09555	+0.241%	$139K	$185K	20x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09531	−0.013%	$601K	$1.2M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09540	+0.084%	$28K	$18K	3x	as long as short
Phoenix XPL	+0.0251%	1h	0.09544	+0.126%	$193K	$536K	10x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09614	+0.860%	$1.8M	$949K	75x	as long as short
Coinbase International XPL-PERP-INTX	+0.0592%	1h	0.09640	+1.133%	$67K	$90K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.2903%	1h	0.09578	+0.479%	$544K	$989K	10x	as long as short