Funding arb · Price arb /

XPL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Pacifica against Bitget−0.031%7-day average −0.011% · you buy dearer than you sell

Net, funding: paid 7d − costs−$73as in the Funding arb table

Net, price: spread back to 7d avg − costs−$83as in the Price arb table

costs, in and out, $10k−$810.807% of the position

Long on Bitget Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.078%+$8 on $10k

Price spread, last 4 days (all we have)−0.174%−$17 · spread now −0.031%, 7d avg −0.011%

Together, before fees−0.096%+ Points / potential airdropPacifica: Active · farm board−$10 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: Pacifica is 0.021% cheaper against Bitget than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of −0.011%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget XPLUSDT	0.09563	0.0100	pay 0.0050% / 4h	3h 58m	$9.0M	$9.8M	75x
Short	Pacifica XPL	0.09560	0.0100	get 0.0013% / 1h	58m 11s	$219K	$46K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now −0.031%Rate

Funding earned: $0
Price spread: −0.031% → −0.011%: −$2.07
Slippage, 4 orders: −$60.7
Fee Bitget: 6 bp × 2 orders: −$12
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$82.77
Costs to cover: 0.807%
Break-even: never at this rate

Slippage from Bitget: live order book, just now; Pacifica: live order book, 40 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, just now	3.14 bp	14.3 bp −$14	26.5 bp −$265	doesn't fit	doesn't fit
Sell Pacifica live order book, 40 min ago	10.47 bp	25.8 bp −$26	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
Lighter XPL	−0.1472%	1h	0.09541	−0.230%	$4.3M	$3.1M	10x	as long as short
Bybit XPLUSDT	−0.1298%	4h	0.09550	−0.136%	$45.4M	$53.8M	75x	as long as short
Deribit XPL_USDC-PERPETUAL	−0.0377%	1h	0.09561	−0.021%	$46K	$18K	25x	as long as short
Gate XPL_USDT	−0.0370%	4h	0.09552	−0.115%	$2.9M	$3.3M	75x	as long as short
01 Exchange XPLUSD	−0.0352%	1h	0.09561	−0.021%	$556	$873	5x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0234% / S +0.0570%	1h	0.09564	+0.015%	$106K	—	100x	as long as short
Paradex XPL-USD-PERP	−0.0057%	8h	0.09556	−0.068%	$12K	$696	5x	as long as short
Orderly PERP_XPL_USDC	−0.0027%	4h	0.09558	−0.052%	$30K	$277K	10x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09569	+0.064%	$9K	$600	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−20.832%	—	—	—	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Backpack XPL_USDC_PERP	+0.0001%	1h	0.09559	−0.042%	$179K	$180K	10x	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09567	+0.039%	$72K	—	150x	as long as short
OKX XPL-USDT-SWAP	+0.0012%	4h	0.09548	−0.157%	$7.7M	$47.5M	50x	as long as short
Nado XPL-PERP	+0.0100%	1h	0.09564	+0.016%	$1.3M	$2.2M	10x	as long as short
Hyperliquid XPL	+0.0100%	1h	0.09571	+0.084%	$60.5M	$46.1M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09565	+0.017%	$253K	$406K	20x	as long as short
Pacifica XPLshort	+0.0100%	1h	0.09560	−0.031%	$219K	$46K	10x
Binance XPLUSDT	+0.0100%	4h	0.09553	−0.103%	$43.3M	$97.7M	75x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09555	−0.084%	$139K	$0	10x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09554	−0.094%	$12.4M	$6.5M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09562	−0.010%	$2.3M	$1.2M	50x	as long as short
Bitget XPLUSDTlong	+0.0100%	4h	0.09563	long leg	$9.0M	$9.8M	75x
BingX XPL-USDT	+0.0100%	4h	0.09553	−0.105%	—	$7.8M	—	as long as short
Variational Omni XPL	+0.0100%	4h	0.09567	+0.044%	$1.7M	$1.9M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09565	+0.024%	$256K	$1.3M	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09580	+0.178%	$25K	$75K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09574	+0.110%	$125K	$1.7M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09550	−0.136%	$3K	$1.6M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09560	−0.031%	$192	$9K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09525	−0.397%	$131K	$211K	20x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09554	−0.096%	$595K	$1.1M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09547	−0.167%	$28K	$18K	3x	as long as short
Phoenix XPL	+0.0249%	1h	0.09576	+0.136%	$194K	$493K	10x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09554	−0.094%	$1.7M	$929K	75x	as long as short
Coinbase International XPL-PERP-INTX	+0.0536%	1h	0.09596	+0.345%	$64K	$92K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.2705%	1h	0.09590	+0.279%	$541K	$940K	10x	as long as short