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

XPL

all XPL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC+0.0334%/8h= +36.6% APRnext payment +$0.42 per $10,000 · paid last 24h +0.052%
Price spread now: ApeX Omni against GMX+0.187%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 feesneeds both histories
Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and ApeX Omni is 0.187% dearer against GMX than usual: you sell high and buy low: +$19 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGMX XPL/USD [WBTC.b-USDC]0.09692L −0.0234% / S +0.0570%get 0.0029% / 1h7m 00s$107K100x
ShortApeX Omni XPLUSDT0.097100.0100get 0.0013% / 1h7m 00s$25K$77K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against GMX. 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
$70.24
Price spread: +0.187% → 0.000%
$18.68
Slippage, 4 orders
no order book: not counted
Fee GMX: 6 bp × 2 orders
−$12
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
$66.92
Costs to cover
0.220%
Break-even
0.3 days
Slippage unknown: GMX: no order-book sample; 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 GMX no order-book sample
Sell ApeX Omni no order-book sample
GMX and 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 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
01 Exchange XPLUSD−0.0256%1h0.09679−0.133%$563$7085xas long as short
GMX XPL/USD [WBTC.b-USDC]longL −0.0234% / S +0.0570%1h0.09692long leg$107K100x
dYdX XPL-USD0.0000%1h0.09681−0.110%$9K$6005xas long as short
Reya XPLRUSDPERP0.0000%1h0.07571−21.884%as long as short
Deribit XPL_USDC-PERPETUAL0.0000%1h0.09691−0.009%$46K$18K25xas long as short
gTrade (Gains Network) XPL/USDL +0.0005% / S −0.0004%1h0.09692−0.002%$73K150xas long as short
Orderly PERP_XPL_USDC+0.0007%4h0.09687−0.051%$29K$292K10xas long as short
Lighter XPL+0.0056%1h0.09678−0.143%$4.4M$3.0M10xas long as short
Paradex XPL-USD-PERP+0.0068%8h0.09675−0.175%$13K$6965xas long as short
Nado XPL-PERP+0.0100%1h0.09678−0.141%$1.2M$2.2M10xas long as short
Show all 36 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid XPL+0.0100%1h0.09696+0.047%$61.4M$46.3M10xas long as short
Aster XPLUSDT+0.0100%4h0.09690−0.020%$255K$426K20xas long as short
Pacifica XPL+0.0100%1h0.09681−0.108%$221K$46K10xas long as short
Binance XPLUSDT+0.0100%4h0.09679−0.130%$43.9M$98.4M75xas long as short
Bybit XPLUSDT+0.0100%4h0.09675−0.174%$45.8M$53.7M75xas long as short
OKX XPL-USDT-SWAP+0.0100%4h0.09676−0.164%$8.0M$48.7M50xas long as short
Bulk XPL-USD+0.0100%1h0.09661−0.316%$141K$010xas long as short
Gate XPL_USDT+0.0100%4h0.09686−0.061%$3.1M$3.4M75xas long as short
MEXC XPL_USDT+0.0100%4h0.09682−0.102%$12.6M$7.0M100xas long as short
KuCoin XPLUSDTM+0.0100%4h0.09679−0.133%$2.3M$1.3M50xas long as short
Bitget XPLUSDT+0.0100%4h0.09688−0.040%$8.9M$9.7M75xas long as short
BingX XPL-USDT+0.0100%4h0.09677−0.154%$7.8Mas long as short
Backpack XPL_USDC_PERP+0.0100%1h0.09686−0.061%$176K$189K10xas long as short
Variational Omni XPL+0.0100%4h0.09692−0.001%$1.7M$1.9Mas long as short
GRVT XPL_USDT_Perp+0.0100%4h0.09700+0.084%$259K$1.1M10xas long as short
ApeX Omni XPLUSDTshort+0.0100%1h0.09710+0.187%$25K$77K50x
Polymarket Perps XPL-USD+0.0100%1h0.09696+0.044%$127K$1.8M10xas long as short
SunX XPL-USDT+0.0100%4h0.09670−0.226%$2K$1.7M20xas long as short
SoDEX XPL-USD+0.0100%1h0.09680−0.123%$200$12K10xas long as short
HTX XPL-USDT+0.0100%4h0.09710+0.187%$138K$188K20xas long as short
Extended XPL-USD+0.0104%1h0.09683−0.095%$609K$1.2M25xas long as short
Aevo XPL-PERP+0.0104%1h0.09685−0.071%$29K$18K3xas long as short
Phoenix XPL+0.0251%1h0.09718+0.269%$197K$536K10xas long as short
BloFin XPL-USDT+0.0340%4h0.09679−0.133%$1.7M$945K75xas long as short
Coinbase International XPL-PERP-INTX+0.0592%1h0.09705+0.135%$65K$92K50xas long as short
Kraken Futures PF_XPLUSD+0.2862%1h0.09714+0.233%$552K$954K10xas long as short