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

XPL

all XPL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC−0.0392%/8h= −42.9% APRnext payment $0.49 per $10,000 · paid last 24h −0.200%
Price spread now: Aevo against Coinbase International+0.083%7-day average · you sell dearer than you buy
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 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
The price spread pays, funding is against you. Aevo is 0.083% dearer against Coinbase International than usual: you sell high and buy low (spread +0.083% now, against zero (this spread has no 7-day history yet)): +$8 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 17 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongCoinbase International XPL-PERP-INTX0.096920.0496pay 0.0062% / 1h42m 51s$78K$103K50x
ShortAevo XPL-PERP0.097000.0104get 0.0013% / 1h42m 51s$29K$18K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aevo against Coinbase International. 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
−$82.32
Price spread: +0.083% → 0.000%
$8.25
Slippage, 4 orders
no order book: not counted
Fee Coinbase International: 5 bp × 2 orders
−$10
Fee Aevo: 8 bp × 2 orders
−$16
Net
−$100.07
Costs to cover
0.260%
Break-even
never at this rate
Slippage unknown: Coinbase International: live order book, 11 min ago; Aevo: 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 Coinbase International live order book, 11 min ago35.65 bp71.4 bp −$71doesn't fitdoesn't fitdoesn't fit
Sell Aevo no order-book sample
Aevo: 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
01 Exchange XPLUSD−0.0216%1h0.09710+0.186%$565$7085xas long as short
GMX XPL/USD [WBTC.b-USDC]L −0.0188% / S +0.0556%1h0.09702+0.103%$111K100xas long as short
Backpack XPL_USDC_PERP−0.0082%1h0.09693+0.010%$179K$242K10xas long as short
Lighter XPL−0.0032%1h0.09689−0.031%$4.4M$4.2M10xas long as short
dYdX XPL-USD0.0000%1h0.09708+0.160%$8K5xas long as short
Reya XPLRUSDPERP0.0000%1h0.07571−21.887%as long as short
Deribit XPL_USDC-PERPETUAL0.0000%1h0.09700+0.083%$46K$18K25xas long as short
gTrade (Gains Network) XPL/USDL +0.0005% / S −0.0003%1h0.09702+0.106%$78K150xas long as short
Orderly PERP_XPL_USDC+0.0007%4h0.09698+0.062%$29K$335K10xas long as short
Paradex XPL-USD-PERP+0.0057%8h0.09718+0.271%$13K$2K5xas long as short
Show all 36 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX XPL-USDT-SWAP+0.0060%4h0.09662−0.310%$8.4M$55.8M50xas long as short
Nado XPL-PERP+0.0100%1h0.09706+0.144%$1.2M$2.8M10xas long as short
Hyperliquid XPL+0.0100%1h0.09702+0.100%$62.8M$47.9M10xas long as short
Aster XPLUSDT+0.0100%4h0.096920.000%$246K$550K20xas long as short
Pacifica XPL+0.0100%1h0.09715+0.237%$221K$47K10xas long as short
Binance XPLUSDT+0.0100%4h0.09664−0.285%$44.0M$110.9M75xas long as short
Bybit XPLUSDT+0.0100%4h0.09664−0.289%$46.6M$58.2M75xas long as short
Gate XPL_USDT+0.0100%4h0.09670−0.227%$3.0M$3.8M75xas long as short
MEXC XPL_USDT+0.0100%4h0.09671−0.217%$12.8M$7.9M100xas long as short
KuCoin XPLUSDTM+0.0100%4h0.09676−0.165%$2.3M$1.5M50xas long as short
Bitget XPLUSDT+0.0100%4h0.09668−0.248%$8.5M$11.5M75xas long as short
BingX XPL-USDT+0.0100%4h0.09663−0.299%$8.0Mas long as short
Variational Omni XPL+0.0100%4h0.09678−0.144%$1.7M$1.9Mas long as short
GRVT XPL_USDT_Perp+0.0100%4h0.09680−0.127%$264K$858K10xas long as short
ApeX Omni XPLUSDT+0.0100%1h0.09720+0.289%$25K$90K50xas long as short
Polymarket Perps XPL-USD+0.0100%1h0.09711+0.192%$130K$2.7M10xas long as short
SunX XPL-USDT+0.0100%4h0.09690−0.021%$3K$2.0M20xas long as short
SoDEX XPL-USD+0.0100%1h0.09700+0.083%$202$11K10xas long as short
HTX XPL-USDT+0.0100%4h0.09676−0.165%$142K$255K20xas long as short
Bulk XPL-USD+0.0100%1h0.09710+0.189%$141K$7K10xas long as short
Extended XPL-USD+0.0104%1h0.09665−0.278%$655K$1.1M25xas long as short
Aevo XPL-PERPshort+0.0104%1h0.09700+0.083%$29K$18K3x
Phoenix XPL+0.0328%1h0.09693+0.010%$196K$657K10xas long as short
BloFin XPL-USDT+0.0340%4h0.09706+0.144%$1.8M$1.1M75xas long as short
Coinbase International XPL-PERP-INTXlong+0.0496%1h0.09692long leg$78K$103K50x
Kraken Futures PF_XPLUSD+0.4392%1h0.09738+0.476%$551K$1.0M10xas long as short