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

XPL

all XPL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC+0.0304%/8h= +33.3% APRnext payment +$0.38 per $10,000 · paid last 24h +0.019%
Price spread now: dYdX against GMX+0.009%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
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$9 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGMX XPL/USD [WBTC.b-USDC]0.09682L −0.0304% / S +0.0610%get 0.0038% / 1h46m 21s$107K100x
ShortdYdX XPL-USD0.096830get 0.0000% / 1h46m 21s$9K$5855x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

dYdX 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
$63.78
Price spread: +0.009% → 0.000%
$0.89
Slippage, 4 orders
no order book: not counted
Fee GMX: 6 bp × 2 orders
−$12
Fee dYdX: 5 bp × 2 orders
−$10
Net
$42.66
Costs to cover
0.220%
Break-even
2.3 days
Slippage unknown: GMX: no order-book sample; dYdX: 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 dYdX no order-book sample
GMX and dYdX: 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−0.0448%1h0.09658−0.252%$562$7085xas long as short
Deribit XPL_USDC-PERPETUAL−0.0370%1h0.09676−0.066%$46K$18K25xas long as short
GMX XPL/USD [WBTC.b-USDC]longL −0.0304% / S +0.0610%1h0.09682long leg$107K100x
Gate XPL_USDT−0.0118%4h0.09668−0.149%$3.0M$3.4M75xas long as short
Backpack XPL_USDC_PERP−0.0090%1h0.09679−0.035%$179K$198K10xas long as short
Bybit XPLUSDT−0.0050%4h0.09671−0.118%$45.8M$54.3M75xas long as short
dYdX XPL-USDshort0.0000%1h0.09683+0.009%$9K$5855x
Reya XPLRUSDPERP0.0000%1h0.07571−21.808%as long as short
gTrade (Gains Network) XPL/USDL +0.0005% / S −0.0004%1h0.09677−0.051%$73K150xas long as short
Orderly PERP_XPL_USDC+0.0016%4h0.09668−0.149%$29K$339K10xas long as short
Show all 36 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Paradex XPL-USD-PERP+0.0052%8h0.09665−0.180%$13K$2K5xas long as short
Lighter XPL+0.0096%1h0.09668−0.149%$4.4M$3.0M10xas long as short
Nado XPL-PERP+0.0100%1h0.09670−0.123%$1.2M$2.5M10xas long as short
Hyperliquid XPL+0.0100%1h0.09687+0.044%$61.1M$46.7M10xas long as short
Aster XPLUSDT+0.0100%4h0.09678−0.046%$252K$470K20xas long as short
Pacifica XPL+0.0100%1h0.09681−0.011%$221K$46K10xas long as short
Binance XPLUSDT+0.0100%4h0.09669−0.138%$43.8M$102.2M75xas long as short
OKX XPL-USDT-SWAP+0.0100%4h0.09670−0.128%$8.3M$49.2M50xas long as short
Bulk XPL-USD+0.0100%1h0.09670−0.128%$141K$5K10xas long as short
MEXC XPL_USDT+0.0100%4h0.09669−0.138%$12.5M$7.0M100xas long as short
KuCoin XPLUSDTM+0.0100%4h0.09672−0.107%$2.3M$1.4M50xas long as short
Bitget XPLUSDT+0.0100%4h0.09680−0.025%$8.8M$9.7M75xas long as short
BingX XPL-USDT+0.0100%4h0.09669−0.138%$7.8Mas long as short
Variational Omni XPL+0.0100%4h0.09689+0.066%$1.7M$1.9Mas long as short
GRVT XPL_USDT_Perp+0.0100%4h0.09672−0.110%$255K$1.0M10xas long as short
ApeX Omni XPLUSDT+0.0100%1h0.09680−0.025%$25K$78K50xas long as short
Polymarket Perps XPL-USD+0.0100%1h0.09682−0.006%$127K$2.0M10xas long as short
SunX XPL-USDT+0.0100%4h0.09660−0.231%$2K$1.8M20xas long as short
SoDEX XPL-USD+0.0100%1h0.09670−0.128%$205$12K10xas long as short
HTX XPL-USDT+0.0100%4h0.09682−0.004%$142K$201K20xas long as short
Extended XPL-USD+0.0104%1h0.09664−0.188%$656K$1.1M25xas long as short
Aevo XPL-PERP+0.0104%1h0.09674−0.090%$29K$18K3xas long as short
Phoenix XPL+0.0248%1h0.09689+0.068%$196K$573K10xas long as short
BloFin XPL-USDT+0.0340%4h0.09673−0.097%$1.7M$976K75xas long as short
Coinbase International XPL-PERP-INTX+0.0640%1h0.09734+0.533%$75K$82K50xas long as short
Kraken Futures PF_XPLUSD+0.3101%1h0.09712+0.308%$551K$981K10xas long as short