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

XPL

all XPL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC−0.0413%/8h= −45.3% APRnext payment $0.52 per $10,000 · paid last 24h −0.022%
Price spread now: 01 Exchange against gTrade (Gains Network)−0.090%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 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and 01 Exchange is 0.090% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (−$9 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LonggTrade (Gains Network) XPL/USD0.09598L +0.0005% / S −0.0004%pay 0.0001% / 1h26m 18s$72K150x
Short01 Exchange XPLUSD0.09589−0.0408pay 0.0051% / 1h26m 18s$558$7085x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

01 Exchange 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

Funding earned
−$86.83
Price spread: −0.090% → 0.000%
−$8.96
Slippage, 4 orders
no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Net
−$112.79
Costs to cover
0.170%
Break-even
never at this rate
Slippage unknown: gTrade (Gains Network): no order-book sample; 01 Exchange: 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 gTrade (Gains Network) no order-book sample
Sell 01 Exchange no order-book sample
gTrade (Gains Network) and 01 Exchange: 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−0.0420%1h0.09585−0.131%$180K$242K10xas long as short
01 Exchange XPLUSDshort−0.0408%1h0.09589−0.090%$558$7085x
GMX XPL/USD [WBTC.b-USDC]L −0.0258% / S +0.0582%1h0.09596−0.015%$106K100xas long as short
Bybit XPLUSDT−0.0036%4h0.09588−0.100%$45.4M$56.7M75xas long as short
Orderly PERP_XPL_USDC−0.0002%4h0.09593−0.048%$29K$335K10xas long as short
dYdX XPL-USD0.0000%1h0.09591−0.074%$8K5xas long as short
Reya XPLRUSDPERP0.0000%1h0.07571−21.120%as long as short
Deribit XPL_USDC-PERPETUAL0.0000%1h0.09597−0.006%$46K$18K25xas long as short
gTrade (Gains Network) XPL/USDlongL +0.0005% / S −0.0004%1h0.09598long leg$72K150x
OKX XPL-USDT-SWAP+0.0052%4h0.09594−0.038%$8.2M$52.6M50xas long as short
Show all 36 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Paradex XPL-USD-PERP+0.0061%8h0.09591−0.072%$12K$2K5xas long as short
Gate XPL_USDT+0.0078%4h0.09590−0.079%$3.0M$3.8M75xas long as short
Lighter XPL+0.0096%1h0.09585−0.131%$4.3M$4.2M10xas long as short
Nado XPL-PERP+0.0100%1h0.09592−0.058%$1.2M$2.8M10xas long as short
Hyperliquid XPL+0.0100%1h0.09606+0.085%$60.2M$48.2M10xas long as short
Aster XPLUSDT+0.0100%4h0.09593−0.052%$243K$501K20xas long as short
Pacifica XPL+0.0100%1h0.09599+0.016%$219K$48K10xas long as short
Binance XPLUSDT+0.0100%4h0.09593−0.048%$43.4M$108.7M75xas long as short
MEXC XPL_USDT+0.0100%4h0.09597−0.006%$12.3M$7.9M100xas long as short
KuCoin XPLUSDTM+0.0100%4h0.09589−0.090%$2.3M$1.5M50xas long as short
Bitget XPLUSDT+0.0100%4h0.09597−0.006%$8.5M$11.1M75xas long as short
BingX XPL-USDT+0.0100%4h0.09591−0.069%$8.0Mas long as short
Variational Omni XPL+0.0100%4h0.09609+0.114%$1.7M$1.8Mas long as short
GRVT XPL_USDT_Perp+0.0100%4h0.09598+0.006%$255K$912K10xas long as short
ApeX Omni XPLUSDT+0.0100%1h0.09640+0.442%$25K$83K50xas long as short
Polymarket Perps XPL-USD+0.0100%1h0.09605+0.074%$128K$2.6M10xas long as short
SunX XPL-USDT+0.0100%4h0.09580−0.183%$3K$1.9M20xas long as short
SoDEX XPL-USD+0.0100%1h0.09590−0.079%$2K$11K10xas long as short
HTX XPL-USDT+0.0100%4h0.09605+0.077%$144K$264K20xas long as short
Bulk XPL-USD+0.0100%1h0.09615+0.181%$140K$7K10xas long as short
Extended XPL-USD+0.0104%1h0.09590−0.075%$633K$1.1M25xas long as short
Aevo XPL-PERP+0.0104%1h0.09595−0.027%$28K$18K3xas long as short
Phoenix XPL+0.0248%1h0.09628+0.317%$195K$629K10xas long as short
BloFin XPL-USDT+0.0340%4h0.09590−0.079%$1.7M$1.0M75xas long as short
Coinbase International XPL-PERP-INTX+0.0672%1h0.09620+0.233%$74K$92K50xas long as short
Kraken Futures PF_XPLUSD+0.3571%1h0.09626+0.298%$546K$1.0M10xas long as short