Funding arb · Price arb /

XPL

all XPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0095%/8h= +10.4% APRpaid last 24h +0.028%

Price spread now: KuCoin against gTrade (Gains Network)+0.066%7-day average — · you sell dearer than you buy

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

Long on gTrade (Gains Network)Short on KuCoin

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 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and KuCoin is 0.066% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$7 more if the spread 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	gTrade (Gains Network) XPL/USD	0.09652	L +0.0005% / S −0.0004%	pay 0.0001% / 1h	13m 39s	$73K	—	150x
Short	KuCoin XPLUSDTM	0.09658	0.0100	get 0.0050% / 4h	3h 13m	$2.3M	$1.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee KuCoinbpOrdersPrice spread, now +0.066%Rate

Funding earned: $19.85
Price spread: +0.066% → 0.000%: $6.59
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: $4.44
Costs to cover: 0.220%
Break-even: 5.4 days

Slippage unknown: gTrade (Gains Network): no order-book sample; KuCoin: live order book, 3 min ago. 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell KuCoin live order book, 3 min ago	8.29 bp	28.6 bp −$29	147.8 bp −$1,478	doesn't fit	doesn't fit

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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit XPL_USDC-PERPETUAL	−0.0372%	1h	0.09647	−0.048%	$46K	$18K	25x	as long as short
01 Exchange XPLUSD	−0.0360%	1h	0.09648	−0.038%	$561	$708	5x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0304% / S +0.0610%	1h	0.09651	−0.008%	$107K	—	100x	as long as short
Backpack XPL_USDC_PERP	−0.0053%	1h	0.09655	+0.035%	$176K	$189K	10x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09658	+0.063%	$9K	$585	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−21.558%	—	—	—	as long as short
gTrade (Gains Network) XPL/USDlong	L +0.0005% / S −0.0004%	1h	0.09652	long leg	$73K	—	150x
Orderly PERP_XPL_USDC	+0.0010%	4h	0.09642	−0.100%	$29K	$339K	10x	as long as short
Bybit XPLUSDT	+0.0024%	4h	0.09651	−0.007%	$45.7M	$54.1M	75x	as long as short
Paradex XPL-USD-PERP	+0.0053%	8h	0.09652	−0.001%	$13K	$2K	5x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter XPL	+0.0056%	1h	0.09643	−0.090%	$4.4M	$3.0M	10x	as long as short
Hyperliquid XPL	+0.0100%	1h	0.09664	+0.131%	$61.3M	$46.6M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09658	+0.070%	$252K	$422K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09659	+0.074%	$221K	$46K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09652	+0.004%	$43.8M	$100.9M	75x	as long as short
OKX XPL-USDT-SWAP	+0.0100%	4h	0.09653	+0.014%	$8.2M	$48.6M	50x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09656	+0.046%	$141K	$5K	10x	as long as short
Gate XPL_USDT	+0.0100%	4h	0.09654	+0.024%	$3.1M	$3.5M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09649	−0.027%	$12.7M	$7.1M	100x	as long as short
KuCoin XPLUSDTMshort	+0.0100%	4h	0.09658	+0.066%	$2.3M	$1.4M	50x
Bitget XPLUSDT	+0.0100%	4h	0.09664	+0.128%	$9.1M	$9.7M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09656	+0.045%	—	$7.8M	—	as long as short
Variational Omni XPL	+0.0100%	4h	0.09655	+0.033%	$1.7M	$1.9M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09660	+0.087%	$260K	$1.1M	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09680	+0.294%	$25K	$78K	50x	as long as short
Nado XPL-PERP	+0.0100%	1h	0.09648	−0.038%	$1.2M	$2.4M	10x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09656	+0.040%	$128K	$2.0M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09630	−0.224%	$3K	$1.7M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09650	−0.017%	$201	$12K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09643	−0.090%	$141K	$185K	20x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09650	−0.014%	$653K	$1.1M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09641	−0.112%	$29K	$18K	3x	as long as short
Phoenix XPL	+0.0248%	1h	0.09681	+0.304%	$196K	$573K	10x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09661	+0.097%	$1.7M	$961K	75x	as long as short
Coinbase International XPL-PERP-INTX	+0.0640%	1h	0.09708	+0.584%	$75K	$76K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.3108%	1h	0.09690	+0.393%	$551K	$990K	10x	as long as short