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

XPL

all XPL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC−0.0100%/8h= −11.0% APRnext payment $0.13 per $10,000 · paid last 24h −0.025%
Price spread now: gTrade (Gains Network) against Extended+0.224%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 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropExtended: Active · farm boardneeds both histories
The price spread pays, funding is against you. gTrade (Gains Network) is 0.224% dearer against Extended than usual: you sell high and buy low (spread +0.224% now, against zero (this spread has no 7-day history yet)): +$22 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 7.5 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended XPL-USD0.097070.0104pay 0.0013% / 1h48m 38s$657K$1.1M25x
ShortgTrade (Gains Network) XPL/USD0.09729L +0.0005% / S −0.0004%get 0.0000% / 1h48m 38s$72K150x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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
−$21.02
Price spread: +0.224% → 0.000%
$22.44
Slippage, 4 orders
no order book: not counted
Fee Extended: 2.5 bp × 2 orders
−$5
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Net
−$13.58
Costs to cover
0.150%
Break-even
from the start
Slippage unknown: Extended: live order book, 5 min ago; gTrade (Gains Network): 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 ago2.58 bp7.7 bp −$824.1 bp −$241doesn't fitdoesn't fit
Sell gTrade (Gains Network) no order-book sample
gTrade (Gains Network): 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
Backpack XPL_USDC_PERP−0.0305%1h0.09727+0.206%$177K$281K10xas long as short
01 Exchange XPLUSD−0.0192%1h0.09711+0.041%$565$7085xas long as short
Lighter XPL−0.0176%1h0.09706−0.011%$4.4M$4.1M10xas long as short
GMX XPL/USD [WBTC.b-USDC]L −0.0096% / S +0.0497%1h0.09727+0.210%$112K100xas long as short
Deribit XPL_USDC-PERPETUAL−0.0058%1h0.09723+0.164%$47K$18K25xas long as short
dYdX XPL-USD0.0000%1h0.09725+0.185%$8K5xas long as short
Reya XPLRUSDPERP0.0000%1h0.07571−22.009%as long as short
gTrade (Gains Network) XPL/USDshortL +0.0005% / S −0.0004%1h0.09729+0.224%$72K150x
Orderly PERP_XPL_USDC+0.0079%4h0.09725+0.185%$29K$335K10xas long as short
Paradex XPL-USD-PERP+0.0091%8h0.09710+0.028%$13K$2K5xas long as short
Show all 36 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid XPL+0.0100%1h0.09732+0.257%$62.7M$47.4M10xas long as short
Aster XPLUSDT+0.0100%4h0.09723+0.164%$251K$527K20xas long as short
Pacifica XPL+0.0100%1h0.09723+0.168%$221K$46K10xas long as short
Binance XPLUSDT+0.0100%4h0.09715+0.082%$43.6M$105.9M75xas long as short
Bybit XPLUSDT+0.0100%4h0.09718+0.113%$47.4M$53.9M75xas long as short
OKX XPL-USDT-SWAP+0.0100%4h0.09710+0.030%$8.9M$53.3M50xas long as short
Bulk XPL-USD+0.0100%1h0.09695−0.124%$140K$8K10xas long as short
Gate XPL_USDT+0.0100%4h0.09716+0.092%$3.0M$4.0M75xas long as short
MEXC XPL_USDT+0.0100%4h0.09715+0.082%$12.6M$7.6M100xas long as short
KuCoin XPLUSDTM+0.0100%4h0.09709+0.020%$2.4M$1.4M50xas long as short
Bitget XPLUSDT+0.0100%4h0.09719+0.123%$8.6M$11.1M75xas long as short
BingX XPL-USDT+0.0100%4h0.09712+0.051%$7.9Mas long as short
Variational Omni XPL+0.0100%4h0.09696−0.117%$1.7M$1.9Mas long as short
GRVT XPL_USDT_Perp+0.0100%4h0.09706−0.007%$255K$782K10xas long as short
ApeX Omni XPLUSDT+0.0100%1h0.09710+0.030%$25K$87K50xas long as short
Nado XPL-PERP+0.0100%1h0.09708+0.010%$1.4M$2.7M10xas long as short
Polymarket Perps XPL-USD+0.0100%1h0.09733+0.265%$129K$2.7M10xas long as short
SunX XPL-USDT+0.0100%4h0.09700−0.073%$2K$2.0M20xas long as short
SoDEX XPL-USD+0.0100%1h0.09720+0.133%$203$10K10xas long as short
HTX XPL-USDT+0.0100%4h0.09708+0.010%$138K$246K20xas long as short
Extended XPL-USDlong+0.0104%1h0.09707long leg$657K$1.1M25x
Aevo XPL-PERP+0.0104%1h0.09729+0.226%$38K$5K3xas long as short
BloFin XPL-USDT+0.0340%4h0.09717+0.103%$1.7M$1.2M75xas long as short
Phoenix XPL+0.0412%1h0.09727+0.206%$197K$652K10xas long as short
Coinbase International XPL-PERP-INTX+0.0792%1h0.09794+0.896%$74K$103K50xas long as short
Kraken Futures PF_XPLUSD+0.4594%1h0.09771+0.659%$514K$952K10xas long as short