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

XPL

all XPL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 11:00 UTC−0.0785%/8h= −85.9% APRnext payment $0.98 per $10,000 · paid last 24h −0.151%
Price spread now: GMX against dYdX−0.018%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 4 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 sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$24 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongdYdX XPL-USD0.093970.0071pay 0.0009% / 1h6m 35s$9K$1K5x
ShortGMX XPL/USD [WBTC.b-USDC]0.09396L −0.0480% / S +0.0713%pay 0.0089% / 1h6m 35s$104K100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GMX against dYdX. 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
−$164.76
Price spread: −0.018% → 0.000%
−$1.77
Slippage, 4 orders
no order book: not counted
Fee dYdX: 5 bp × 2 orders
−$10
Fee GMX: 6 bp × 2 orders
−$12
Net
−$188.53
Costs to cover
0.220%
Break-even
never at this rate
Slippage unknown: dYdX: no order-book sample; GMX: 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 dYdX no order-book sample
Sell GMX no order-book sample
dYdX and GMX: 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 exchanges

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−0.0768%1h0.09384−0.143%$546$8735xas long as short
GMX XPL/USD [WBTC.b-USDC]shortL −0.0480% / S +0.0713%1h0.09396−0.018%$104K100x
Bybit XPLUSDT−0.0357%4h0.09392−0.058%$44.0M$54.9M75xas long as short
Lighter XPL−0.0320%1h0.09384−0.143%$4.3M$3.1M10xas long as short
Deribit XPL_USDC-PERPETUAL−0.0282%1h0.09391−0.069%$46K$18K25xas long as short
Orderly PERP_XPL_USDC−0.0131%4h0.09386−0.122%$30K$110K10xas long as short
Paradex XPL-USD-PERP−0.0090%8h0.09384−0.145%$12K$6965xas long as short
Binance XPLUSDT−0.0060%4h0.09393−0.052%$43.1M$98.7M75xas long as short
MEXC XPL_USDT−0.0058%4h0.09391−0.069%$12.7M$6.7M100xas long as short
OKX XPL-USDT-SWAP−0.0010%4h0.09392−0.058%$7.1M$48.1M50xas long as short
Show all 36 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Reya XPLRUSDPERP0.0000%1h0.07570−19.442%as long as short
gTrade (Gains Network) XPL/USDL +0.0005% / S −0.0004%1h0.09399+0.012%$71K150xas long as short
Backpack XPL_USDC_PERP+0.0020%1h0.09394−0.037%$184K$173K10xas long as short
Extended XPL-USD+0.0048%1h0.09385−0.131%$592K$1.1M25xas long as short
Gate XPL_USDT+0.0056%4h0.09391−0.069%$2.8M$3.3M75xas long as short
Aevo XPL-PERP+0.0064%1h0.09386−0.125%$28K$18K3xas long as short
dYdX XPL-USDlong+0.0071%1h0.09397long leg$9K$1K5x
Nado XPL-PERP+0.0100%1h0.09394−0.040%$1.2M$2.3M10xas long as short
Hyperliquid XPL+0.0100%1h0.09409+0.122%$59.0M$42.9M10xas long as short
Aster XPLUSDT+0.0100%4h0.09394−0.036%$242K$380K20xas long as short
Pacifica XPL+0.0100%1h0.09396−0.013%$209K$52K10xas long as short
Bulk XPL-USD+0.0100%1h0.09390−0.079%$137K$5K10xas long as short
KuCoin XPLUSDTM+0.0100%4h0.09386−0.122%$2.3M$1.5M50xas long as short
Bitget XPLUSDT+0.0100%4h0.09400+0.027%$8.8M$10.2M75xas long as short
BingX XPL-USDT+0.0100%4h0.09391−0.069%$7.7Mas long as short
Variational Omni XPL+0.0100%4h0.09387−0.110%$1.8M$2.0Mas long as short
GRVT XPL_USDT_Perp+0.0100%4h0.09402+0.047%$251K$1.3M10xas long as short
ApeX Omni XPLUSDT+0.0100%1h0.09440+0.453%$25K$67K50xas long as short
Polymarket Perps XPL-USD+0.0100%1h0.09391−0.069%$37K$1.3M10xas long as short
SunX XPL-USDT+0.0100%4h0.09380−0.186%$3K$1.5M20xas long as short
SoDEX XPL-USD+0.0100%1h0.09390−0.079%$178$9K10xas long as short
HTX XPL-USDT+0.0100%4h0.09400+0.027%$132K$218K20xas long as short
BloFin XPL-USDT+0.0180%4h0.09391−0.069%$1.7M$859K75xas long as short
Phoenix XPL+0.0252%1h0.09407+0.101%$190K$435K10xas long as short
Coinbase International XPL-PERP-INTX+0.0712%1h0.09455+0.612%$63K$86K50xas long as short
Kraken Futures PF_XPLUSD+0.1358%1h0.09418+0.218%$554K$1.0M10xas long as short