Funding arb · Price arb /

XPL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0035%/8h= −3.9% APRpaid last 24h −0.006%

Price spread now: Paradex against Gate+0.009%7-day average — · you sell dearer than you buy

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

Long on Gate Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate XPL_USDT	0.09534	0.0100	pay 0.0050% / 4h	2h 27m	$3.0M	$3.4M	75x
Short	Paradex XPL-USD-PERP	0.09535	0.0065	get 0.0065% / 8h	2h 27m	$12K	$696	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Gate. 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 GatebpFee ParadexbpOrdersPrice spread, now +0.009%Rate

Funding earned: −$7.39
Price spread: +0.009% → 0.000%: $0.93
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$25.45
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Gate: live order book, 6 min ago; Paradex: 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 Gate live order book, 6 min ago	3.67 bp	24.5 bp −$25	154.2 bp −$1,542	doesn't fit	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

Paradex: 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	−0.0484%	1h	0.09528	−0.063%	$46K	$18K	25x	as long as short
01 Exchange XPLUSD	−0.0240%	1h	0.09531	−0.031%	$554	$708	5x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0234% / S +0.0570%	1h	0.09535	+0.013%	$105K	—	100x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09548	+0.147%	$9K	$600	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−20.590%	—	—	—	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09538	+0.042%	$72K	—	150x	as long as short
Orderly PERP_XPL_USDC	+0.0012%	4h	0.09526	−0.084%	$29K	$317K	10x	as long as short
Lighter XPL	+0.0016%	1h	0.09523	−0.115%	$4.3M	$3.0M	10x	as long as short
Paradex XPL-USD-PERPshort	+0.0065%	8h	0.09535	+0.009%	$12K	$696	5x
Nado XPL-PERP	+0.0100%	1h	0.09535	+0.008%	$1.2M	$2.4M	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	0.09552	+0.190%	$60.4M	$46.6M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09539	+0.052%	$251K	$428K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09540	+0.063%	$218K	$46K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09528	−0.063%	$43.2M	$100.1M	75x	as long as short
Bybit XPLUSDT	+0.0100%	4h	0.09528	−0.063%	$45.1M	$54.1M	75x	as long as short
OKX XPL-USDT-SWAP	+0.0100%	4h	0.09531	−0.031%	$8.1M	$48.0M	50x	as long as short
Gate XPL_USDTlong	+0.0100%	4h	0.09534	long leg	$3.0M	$3.4M	75x
MEXC XPL_USDT	+0.0100%	4h	0.09530	−0.042%	$12.3M	$6.9M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09536	+0.021%	$2.3M	$1.4M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09538	+0.042%	$9.1M	$9.7M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09528	−0.063%	—	$7.8M	—	as long as short
Backpack XPL_USDC_PERP	+0.0100%	1h	0.09542	+0.084%	$173K	$190K	10x	as long as short
Variational Omni XPL	+0.0100%	4h	0.09525	−0.094%	$1.7M	$1.9M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09548	+0.151%	$252K	$1.1M	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09570	+0.378%	$25K	$77K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09548	+0.150%	$125K	$2.0M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09520	−0.147%	$3K	$1.7M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09530	−0.042%	$202	$12K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09544	+0.105%	$137K	$189K	20x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09540	+0.063%	$139K	$0	10x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09524	−0.101%	$601K	$1.2M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09530	−0.039%	$28K	$18K	3x	as long as short
Phoenix XPL	+0.0251%	1h	0.09562	+0.294%	$194K	$536K	10x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09538	+0.042%	$1.7M	$942K	75x	as long as short
Coinbase International XPL-PERP-INTX	+0.0592%	1h	0.09581	+0.493%	$67K	$89K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.2907%	1h	0.09563	+0.306%	$544K	$991K	10x	as long as short