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+0.0252%/8h= +27.6% APRnext payment +$0.32 per $10,000 · paid last 24h +0.003%
Price spread now: ApeX Omni against Extended+0.299%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 7 days+0.034%+$3 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropExtended: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and ApeX Omni is 0.299% dearer against Extended than usual: you sell high and buy low: +$30 more if the spread goes back to zero (this spread has no 7-day history yet).
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.034% in total (about 1.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.32 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended XPL-USD0.09432−0.0152get 0.0019% / 1h50m 59s$596K$1.1M25x
ShortApeX Omni XPLUSDT0.094600.0100get 0.0013% / 1h50m 59s$25K$68K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against Extended. 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
$52.92
Price spread: +0.299% → 0.000%
$29.86
Slippage, 4 orders
no order book: not counted
Fee Extended: 2.5 bp × 2 orders
−$5
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
$67.78
Costs to cover
0.150%
Break-even
from the start
Slippage unknown: Extended: live order book, 5 min ago; ApeX Omni: 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 Extended live order book, 5 min ago3.70 bp8.5 bp −$822.2 bp −$222doesn't fitdoesn't fit
Sell ApeX Omni no order-book sample
ApeX Omni: 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
Lighter XPL−0.0616%1h0.09435+0.034%$4.3M$3.1M10xas long as short
01 Exchange XPLUSD−0.0616%1h0.09434+0.023%$548$8735xas long as short
Deribit XPL_USDC-PERPETUAL−0.0491%1h0.09439+0.076%$46K$18K25xas long as short
GMX XPL/USD [WBTC.b-USDC]L −0.0420% / S +0.0679%1h0.09442+0.103%$104K100xas long as short
Bybit XPLUSDT−0.0291%4h0.09434+0.023%$44.7M$52.6M75xas long as short
Extended XPL-USDlong−0.0152%1h0.09432long leg$596K$1.1M25x
Paradex XPL-USD-PERP−0.0124%8h0.09452+0.212%$12K$6965xas long as short
Orderly PERP_XPL_USDC−0.0091%4h0.09434+0.023%$30K$185K10xas long as short
OKX XPL-USDT-SWAP−0.0048%4h0.09438+0.065%$7.3M$46.5M50xas long as short
Binance XPLUSDT−0.0032%4h0.09433+0.012%$43.4M$95.9M75xas long as short
Show all 36 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC XPL_USDT−0.0032%4h0.09434+0.023%$13.2M$6.4M100xas long as short
Backpack XPL_USDC_PERP−0.0005%1h0.09443+0.118%$180K$171K10xas long as short
Reya XPLRUSDPERP0.0000%1h0.07571−19.733%as long as short
gTrade (Gains Network) XPL/USDL +0.0005% / S −0.0004%1h0.09452+0.213%$71K150xas long as short
Gate XPL_USDT+0.0006%4h0.09443+0.118%$2.9M$3.2M75xas long as short
Aevo XPL-PERP+0.0072%1h0.09435+0.034%$28K$18K3xas long as short
Nado XPL-PERP+0.0100%1h0.09448+0.169%$1.2M$2.2M10xas long as short
Hyperliquid XPL+0.0100%1h0.09451+0.200%$59.9M$41.9M10xas long as short
Aster XPLUSDT+0.0100%4h0.09442+0.108%$252K$361K20xas long as short
Pacifica XPL+0.0100%1h0.09444+0.126%$216K$46K10xas long as short
KuCoin XPLUSDTM+0.0100%4h0.09444+0.129%$2.4M$1.4M50xas long as short
Bitget XPLUSDT+0.0100%4h0.09445+0.140%$8.8M$9.9M75xas long as short
BingX XPL-USDT+0.0100%4h0.09438+0.065%$7.7Mas long as short
Variational Omni XPL+0.0100%4h0.09453+0.225%$1.7M$1.8Mas long as short
GRVT XPL_USDT_Perp+0.0100%4h0.09447+0.157%$258K$1.3M10xas long as short
ApeX Omni XPLUSDTshort+0.0100%1h0.09460+0.299%$25K$68K50x
Polymarket Perps XPL-USD+0.0100%1h0.09455+0.240%$124K$1.2M10xas long as short
SunX XPL-USDT+0.0100%4h0.09420−0.126%$3K$1.5M20xas long as short
SoDEX XPL-USD+0.0100%1h0.09440+0.087%$178$9K10xas long as short
HTX XPL-USDT+0.0100%4h0.09448+0.171%$134K$215K20xas long as short
Bulk XPL-USD+0.0100%1h0.09455+0.246%$138K$5K10xas long as short
BloFin XPL-USDT+0.0208%4h0.09439+0.076%$1.7M$840K75xas long as short
Phoenix XPL+0.0252%1h0.09456+0.256%$191K$435K10xas long as short
dYdX XPL-USD+0.0474%1h0.09449+0.181%$9K$1K5xas long as short
Coinbase International XPL-PERP-INTX+0.0712%1h0.09538+1.126%$64K$91K50xas long as short
Kraken Futures PF_XPLUSD+0.1352%1h0.09461+0.306%$554K$1.0M10xas long as short