Funding arb · Price arb /

XPL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.030%

Price spread now: dYdX against MEXC+0.152%7-day average — · you sell dearer than you buy

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

Long on MEXC Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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

Together, before fees—needs both histories

The price spread pays, funding is against you. dYdX is 0.152% dearer against MEXC than usual: you sell high and buy low (spread +0.152% now, against zero (this spread has no 7-day history yet)): +$15 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 5.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC XPL_USDT	0.09789	0.0100	pay 0.0050% / 4h	3h 02m	$13.0M	$7.8M	100x
Short	dYdX XPL-USD	0.09804	0	get 0.0000% / 1h	2m 20s	$8K	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against MEXC. 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 MEXCbpFee dYdXbpOrdersPrice spread, now +0.152%Rate

Funding earned: −$21
Price spread: +0.152% → 0.000%: $15.15
Slippage, 4 orders: no order book: not counted
Fee MEXC: 0 bp × 2 orders: $0
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$15.85
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: MEXC: live order book, 1 min ago; 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy MEXC live order book, 1 min ago	1.02 bp	3.8 bp −$4	18.2 bp −$182	109.3 bp −$10.9K	248.6 bp −$124.3K
Sell dYdX no order-book sample	—	—	—	—	—

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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit XPL_USDC-PERPETUAL	−0.0363%	1h	0.09789	0.000%	$47K	$18K	25x	as long as short
01 Exchange XPLUSD	−0.0200%	1h	0.09786	−0.031%	$569	$708	5x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0178% / S +0.0550%	1h	0.09797	+0.082%	$113K	—	100x	as long as short
dYdX XPL-USDshort	0.0000%	1h	0.09804	+0.152%	$8K	—	5x
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−22.662%	—	—	—	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0003%	1h	0.09797	+0.084%	$59K	—	150x	as long as short
Lighter XPL	+0.0008%	1h	0.09806	+0.174%	$4.4M	$4.2M	10x	as long as short
Orderly PERP_XPL_USDC	+0.0015%	4h	0.09788	−0.010%	$29K	$335K	10x	as long as short
Paradex XPL-USD-PERP	+0.0050%	8h	0.09789	+0.002%	$13K	$2K	5x	as long as short
OKX XPL-USDT-SWAP	+0.0059%	4h	0.09785	−0.041%	$8.7M	$55.4M	50x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado XPL-PERP	+0.0100%	1h	0.09786	−0.026%	$1.3M	$2.7M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09800	+0.112%	$258K	$539K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09813	+0.244%	$223K	$46K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09791	+0.020%	$44.8M	$108.8M	75x	as long as short
Bybit XPLUSDT	+0.0100%	4h	0.09788	−0.010%	$47.7M	$56.2M	75x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09909	+1.226%	$144K	$2K	10x	as long as short
Gate XPL_USDT	+0.0100%	4h	0.09791	+0.020%	$3.1M	$4.0M	75x	as long as short
MEXC XPL_USDTlong	+0.0100%	4h	0.09789	long leg	$13.0M	$7.8M	100x
KuCoin XPLUSDTM	+0.0100%	4h	0.09795	+0.061%	$2.4M	$1.5M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09787	−0.020%	$8.8M	$11.1M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09787	−0.020%	—	$8.0M	—	as long as short
Backpack XPL_USDC_PERP	+0.0100%	1h	0.09821	+0.327%	$185K	$244K	10x	as long as short
Variational Omni XPL	+0.0100%	4h	0.09881	+0.936%	$1.8M	$1.9M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09890	+1.029%	$262K	$844K	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09890	+1.032%	$26K	$89K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09796	+0.074%	$131K	$2.7M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09760	−0.296%	$2K	$2.0M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09780	−0.092%	$492	$11K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09895	+1.083%	$143K	$243K	20x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09786	−0.026%	$666K	$1.1M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09785	−0.036%	$29K	$18K	3x	as long as short
Hyperliquid XPL	+0.0154%	1h	0.09804	+0.152%	$63.6M	$47.0M	10x	as long as short
Phoenix XPL	+0.0163%	1h	0.09897	+1.103%	$200K	$655K	10x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09821	+0.327%	$1.8M	$1.1M	75x	as long as short
Coinbase International XPL-PERP-INTX	+0.0376%	1h	0.09980	+1.951%	$74K	$97K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.5059%	1h	0.09835	+0.466%	$569K	$1.0M	10x	as long as short