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

XPL

all XPL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC+0.0268%/8h= +29.3% APRnext payment +$0.33 per $10,000 · paid last 24h +0.074%
Price spread now: Aevo against Deribit−0.031%7-day average · you buy dearer than you sell
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
Funding pays, the price is against you. Aevo is 0.031% cheaper against Deribit than usual: you would sell low and buy high (spread −0.031% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 9 hours of funding at the current rate (+$8 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongDeribit XPL_USDC-PERPETUAL0.09665−0.0164get 0.0020% / 1h58m 26s$46K$18K25x
ShortAevo XPL-PERP0.096620.0104get 0.0013% / 1h58m 26s$29K$18K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aevo against Deribit. 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
$56.21
Price spread: −0.031% → 0.000%
−$3.1
Slippage, 4 orders
no order book: not counted
Fee Deribit: 3.5 bp × 2 orders
−$7
Fee Aevo: 8 bp × 2 orders
−$16
Net
$30.11
Costs to cover
0.230%
Break-even
3.3 days
Slippage unknown: Deribit: no order-book sample; 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 Deribit no order-book sample
Sell Aevo no order-book sample
Deribit and 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 35 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−0.0408%1h0.09637−0.290%$560$7085xas long as short
Backpack XPL_USDC_PERP−0.0245%1h0.09668+0.031%$179K$243K10xas long as short
GMX XPL/USD [WBTC.b-USDC]L −0.0211% / S +0.0570%1h0.09648−0.179%$111K100xas long as short
Deribit XPL_USDC-PERPETUALlong−0.0164%1h0.09665long leg$46K$18K25x
Lighter XPL−0.0088%1h0.09638−0.279%$4.4M$4.2M10xas long as short
Orderly PERP_XPL_USDC−0.0001%4h0.09640−0.259%$29K$335K10xas long as short
dYdX XPL-USD0.0000%1h0.09650−0.160%$8K5xas long as short
Reya XPLRUSDPERP0.0000%1h0.07571−21.670%as long as short
gTrade (Gains Network) XPL/USDL +0.0005% / S −0.0003%1h0.09650−0.157%$59K150xas long as short
OKX XPL-USDT-SWAP+0.0037%4h0.09640−0.259%$8.3M$53.2M50xas long as short
Show all 35 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Paradex XPL-USD-PERP+0.0045%8h0.09649−0.169%$13K$2K5xas long as short
Nado XPL-PERP+0.0100%1h0.09642−0.241%$1.2M$2.8M10xas long as short
Hyperliquid XPL+0.0100%1h0.09656−0.094%$61.3M$47.6M10xas long as short
Aster XPLUSDT+0.0100%4h0.09652−0.134%$246K$499K20xas long as short
Pacifica XPL+0.0100%1h0.09652−0.139%$219K$47K10xas long as short
Binance XPLUSDT+0.0100%4h0.09643−0.228%$43.7M$107.9M75xas long as short
Bybit XPLUSDT+0.0100%4h0.09639−0.269%$46.4M$55.9M75xas long as short
Gate XPL_USDT+0.0100%4h0.09648−0.176%$3.0M$3.7M75xas long as short
MEXC XPL_USDT+0.0100%4h0.09650−0.155%$12.5M$7.8M100xas long as short
KuCoin XPLUSDTM+0.0100%4h0.09648−0.176%$2.3M$1.5M50xas long as short
Bitget XPLUSDT+0.0100%4h0.09650−0.155%$8.6M$11.1M75xas long as short
BingX XPL-USDT+0.0100%4h0.09641−0.248%$7.9Mas long as short
Variational Omni XPL+0.0100%4h0.09670+0.050%$1.7M$1.8Mas long as short
GRVT XPL_USDT_Perp+0.0100%4h0.09646−0.197%$257K$891K10xas long as short
ApeX Omni XPLUSDT+0.0100%1h0.09680+0.155%$25K$83K50xas long as short
Polymarket Perps XPL-USD+0.0100%1h0.09662−0.035%$131K$2.6M10xas long as short
SunX XPL-USDT+0.0100%4h0.09650−0.155%$2K$1.9M20xas long as short
SoDEX XPL-USD+0.0100%1h0.09660−0.052%$196$11K10xas long as short
HTX XPL-USDT+0.0100%4h0.096650.000%$143K$250K20xas long as short
Bulk XPL-USD+0.0100%1h0.09660−0.052%$141K$7K10xas long as short
Extended XPL-USD+0.0104%1h0.09640−0.256%$655K$1.1M25xas long as short
Aevo XPL-PERPshort+0.0104%1h0.09662−0.031%$29K$18K3x
Phoenix XPL+0.0328%1h0.09667+0.021%$196K$620K10xas long as short
Coinbase International XPL-PERP-INTX+0.0672%1h0.09766+1.045%$78K$94K50xas long as short
Kraken Futures PF_XPLUSD+0.3540%1h0.09710+0.466%$551K$1.0M10xas long as short