Funding arb · Price arb /

XPL

all XPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0038%/8h= −4.2% APRpaid last 24h −0.009%

Price spread now: Paradex against KuCoin+0.020%47s7-day average — · you sell dearer than you buy

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

Long on KuCoin 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. The two prices were read 47 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin XPLUSDTM	0.09580	0.0100	pay 0.0050% / 4h	2h 44m	$2.3M	$1.4M	50x
Short	Paradex XPL-USD-PERP	0.09582	0.0062	get 0.0062% / 8h	2h 44m	$12K	$696	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against KuCoin. 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 KuCoinbpFee ParadexbpOrdersPrice spread, now +0.020%Rate

Funding earned: −$7.97
Price spread: +0.020% → 0.000%: $1.99
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$21.98
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 7 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 KuCoin live order book, 7 min ago	9.37 bp	33.0 bp −$33	146.3 bp −$1,463	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
GMX XPL/USD [WBTC.b-USDC]	L −0.0234% / S +0.0570%	1h	0.09587	+0.073%	$106K	—	100x	as long as short
01 Exchange XPLUSD	−0.0224%	1h	0.09573	−0.073%	$557	$708	5x	as long as short
Deribit XPL_USDC-PERPETUAL	−0.0167%	1h	0.09581	+0.010%	$46K	$18K	25x	as long as short
Lighter XPL	−0.0008%	1h	0.09573	−0.073%	$4.3M	$3.0M	10x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09580	−0.004%	$9K	$600	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−20.974%	—	—	—	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09588	+0.080%	$72K	—	150x	as long as short
Orderly PERP_XPL_USDC	+0.0015%	4h	0.09576	−0.042%	$29K	$324K	10x	as long as short
Paradex XPL-USD-PERPshort	+0.0062%	8h	0.09582	+0.020%	$12K	$696	5x
Nado XPL-PERP	+0.0100%	1h	0.09579	−0.005%	$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	0.09598	+0.184%	$60.6M	$46.8M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09593	+0.138%	$248K	$430K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09587	+0.076%	$219K	$47K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09591	+0.115%	$43.5M	$100.6M	75x	as long as short
Bybit XPLUSDT	+0.0100%	4h	0.09589	+0.094%	$45.4M	$54.3M	75x	as long as short
OKX XPL-USDT-SWAP	+0.0100%	4h	0.09593	+0.136%	$8.1M	$48.4M	50x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09592	+0.121%	$140K	$0	10x	as long as short
Gate XPL_USDT	+0.0100%	4h	0.09585	+0.052%	$3.1M	$3.4M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09586	+0.063%	$12.5M	$6.9M	100x	as long as short
KuCoin XPLUSDTMlong	+0.0100%	4h	0.09580	long leg	$2.3M	$1.4M	50x
Bitget XPLUSDT	+0.0100%	4h	0.09599	+0.198%	$9.1M	$9.7M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09590	+0.104%	—	$7.8M	—	as long as short
Backpack XPL_USDC_PERP	+0.0100%	1h	0.09590	+0.104%	$174K	$190K	10x	as long as short
Variational Omni XPL	+0.0100%	4h	0.09566	−0.148%	$1.7M	$1.9M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09570	−0.104%	$257K	$1.1M	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09570	−0.104%	$25K	$77K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09589	+0.098%	$125K	$2.0M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09560	−0.209%	$2K	$1.7M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09580	0.000%	$203	$12K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09581	+0.010%	$140K	$184K	20x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09583	+0.036%	$637K	$1.2M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09576	−0.044%	$28K	$18K	3x	as long as short
Phoenix XPL	+0.0251%	1h	0.09626	+0.480%	$195K	$536K	10x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09578	−0.021%	$1.7M	$946K	75x	as long as short
Coinbase International XPL-PERP-INTX	+0.0592%	1h	0.09640	+0.626%	$67K	$91K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.2892%	1h	0.09612	+0.331%	$546K	$988K	10x	as long as short