Funding arb · Price arb /

XPL

all XPL markets

Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: Reya against dYdX−22.695%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on dYdX Short on Reya

What this pair did over the last

the charts below follow

Funding, last 7 days—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropReya: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Reya is 22.695% cheaper against dYdX than usual: you would sell low and buy high, −$2,269 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX XPL-USD	0.09793	0	get 0.0000% / 1h	43m 52s	$8K	—	5x
Short	Reya XPLRUSDPERP	0.07570	0	get 0.0000% / 1h	43m 52s	—	—	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya 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

Position, each leg$Hold fordaysFee dYdXbpFee ReyabpOrdersPrice spread, now −22.695%Rate

Funding earned: $0
Price spread: −22.695% → 0.000%: −$2,269.47
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Reya: 3 bp × 2 orders: −$6
Net: −$2,285.47
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: dYdX: no order-book sample; Reya: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy dYdX no order-book sample	—	—	—	—	—
Sell Reya no order-book sample	—	—	—	—	—

dYdX and Reya: 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter XPL	−0.0568%	1h	0.09776	−0.172%	$4.4M	$4.1M	10x	as long as short
01 Exchange XPLUSD	−0.0296%	1h	0.09780	−0.131%	$569	$708	5x	as long as short
Deribit XPL_USDC-PERPETUAL	−0.0260%	1h	0.09794	+0.012%	$47K	$18K	25x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0128% / S +0.0517%	1h	0.09796	+0.036%	$113K	—	100x	as long as short
dYdX XPL-USDlong	0.0000%	1h	0.09793	long leg	$8K	—	5x
Reya XPLRUSDPERPshort	0.0000%	1h	0.07570	−22.695%	—	—	—
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09796	+0.033%	$72K	—	150x	as long as short
Orderly PERP_XPL_USDC	+0.0061%	4h	0.09789	−0.039%	$29K	$335K	10x	as long as short
Paradex XPL-USD-PERP	+0.0061%	8h	0.09780	−0.133%	$13K	$2K	5x	as long as short
Nado XPL-PERP	+0.0100%	1h	0.09786	−0.070%	$1.4M	$2.6M	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	0.09803	+0.107%	$63.4M	$48.0M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09795	+0.024%	$254K	$527K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09790	−0.029%	$223K	$46K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09784	−0.090%	$44.4M	$107.9M	75x	as long as short
Bybit XPLUSDT	+0.0100%	4h	0.09786	−0.070%	$47.9M	$55.1M	75x	as long as short
OKX XPL-USDT-SWAP	+0.0100%	4h	0.09782	−0.111%	$8.9M	$54.5M	50x	as long as short
Gate XPL_USDT	+0.0100%	4h	0.09789	−0.039%	$3.0M	$4.0M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09790	−0.029%	$12.8M	$7.6M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09795	+0.022%	$2.4M	$1.5M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09795	+0.022%	$8.7M	$11.1M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09785	−0.080%	—	$7.9M	—	as long as short
Backpack XPL_USDC_PERP	+0.0100%	1h	0.09796	+0.032%	$181K	$280K	10x	as long as short
Variational Omni XPL	+0.0100%	4h	0.09803	+0.107%	$1.7M	$1.9M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09809	+0.168%	$262K	$796K	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09800	+0.073%	$25K	$88K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09801	+0.085%	$131K	$2.7M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09770	−0.233%	$3K	$2.0M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09790	−0.029%	$198	$10K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09770	−0.233%	$139K	$243K	20x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09800	+0.072%	$143K	$9K	10x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09783	−0.102%	$660K	$1.1M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09794	+0.011%	$38K	$5K	3x	as long as short
Phoenix XPL	+0.0327%	1h	0.09815	+0.226%	$199K	$651K	10x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09781	−0.121%	$1.8M	$1.2M	75x	as long as short
Coinbase International XPL-PERP-INTX	+0.0568%	1h	0.09825	+0.328%	$72K	$97K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.5070%	1h	0.09846	+0.543%	$567K	$1.0M	10x	as long as short