Funding arb · Price arb /

XPL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Pacifica against MEXC+0.360%45s7-day average +0.025% · you sell dearer than you buy

Net, funding: paid 7d − costs−$48as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$510.506% of the position

Long on MEXC Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.029%+$3 on $10k

Price spread, last 4 days (all we have)−0.541%−$54 · spread now +0.360%, 7d avg +0.025%

Together, before fees−0.512%+ Points / potential airdropPacifica: Active · farm board−$51 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Pacifica is 0.334% dearer against MEXC than usual: you sell high and buy low, +$33 on $10k if it goes back to its 7-day average of +0.025%. The two prices were read 45 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	MEXC XPL_USDT	0.09617	0.0100	pay 0.0050% / 4h	1h 57m	$12.5M	$7.8M	100x
Short	Pacifica XPL	0.09652	0.0100	get 0.0013% / 1h	57m 50s	$219K	$47K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now +0.360%Rate

Funding earned: $0
Price spread: +0.360% → +0.025%: $33.43
Slippage, 4 orders: −$42.61
Fee MEXC: 0 bp × 2 orders: $0
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$17.18
Costs to cover: 0.506%
Break-even: never at this rate

Slippage from MEXC: live order book, 5 min ago; Pacifica: live order book, 5 min ago.

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, 5 min ago	1.04 bp	3.4 bp −$3	9.7 bp −$97	89.8 bp −$8,982	234.7 bp −$117.4K
Sell Pacifica live order book, 5 min ago	10.35 bp	20.4 bp −$20	doesn't fit	doesn't fit	doesn't fit

XPL on 35 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
Backpack XPL_USDC_PERP	−0.0568%	1h	0.09632	+0.156%	$178K	$243K	10x	as long as short
01 Exchange XPLUSD	−0.0408%	1h	0.09637	+0.208%	$560	$708	5x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0211% / S +0.0570%	1h	0.09648	+0.319%	$111K	—	100x	as long as short
Lighter XPL	−0.0168%	1h	0.09634	+0.177%	$4.4M	$4.2M	10x	as long as short
Deribit XPL_USDC-PERPETUAL	−0.0165%	1h	0.09643	+0.270%	$46K	$18K	25x	as long as short
Orderly PERP_XPL_USDC	−0.0001%	4h	0.09640	+0.239%	$29K	$335K	10x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09650	+0.339%	$8K	—	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−21.279%	—	—	—	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0003%	1h	0.09650	+0.341%	$59K	—	150x	as long as short
OKX XPL-USDT-SWAP	+0.0037%	4h	0.09615	−0.021%	$8.3M	$53.1M	50x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex XPL-USD-PERP	+0.0045%	8h	0.09649	+0.329%	$13K	$2K	5x	as long as short
Nado XPL-PERP	+0.0100%	1h	0.09642	+0.257%	$1.2M	$2.8M	10x	as long as short
Hyperliquid XPL	+0.0100%	1h	0.09634	+0.179%	$61.2M	$47.6M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09630	+0.133%	$245K	$499K	20x	as long as short
Pacifica XPLshort	+0.0100%	1h	0.09652	+0.360%	$219K	$47K	10x
Binance XPLUSDT	+0.0100%	4h	0.09615	−0.021%	$43.6M	$107.9M	75x	as long as short
Bybit XPLUSDT	+0.0100%	4h	0.09612	−0.052%	$46.2M	$55.9M	75x	as long as short
Gate XPL_USDT	+0.0100%	4h	0.09616	−0.010%	$3.0M	$3.7M	75x	as long as short
MEXC XPL_USDTlong	+0.0100%	4h	0.09617	long leg	$12.5M	$7.8M	100x
KuCoin XPLUSDTM	+0.0100%	4h	0.09620	+0.031%	$2.3M	$1.5M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09619	+0.021%	$8.5M	$11.1M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09616	−0.010%	—	$7.9M	—	as long as short
Variational Omni XPL	+0.0100%	4h	0.09670	+0.549%	$1.7M	$1.8M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09646	+0.301%	$257K	$891K	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09680	+0.655%	$25K	$83K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09662	+0.464%	$131K	$2.6M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09630	+0.135%	$2K	$1.9M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09640	+0.239%	$195	$11K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09665	+0.499%	$143K	$250K	20x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09660	+0.447%	$141K	$7K	10x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09615	−0.018%	$651K	$1.1M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09638	+0.217%	$29K	$18K	3x	as long as short
Phoenix XPL	+0.0328%	1h	0.09667	+0.520%	$196K	$620K	10x	as long as short
Coinbase International XPL-PERP-INTX	+0.0672%	1h	0.09766	+1.549%	$78K	$94K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.3551%	1h	0.09682	+0.673%	$549K	$1.0M	10x	as long as short