Funding arb · Price arb /

XPL

all XPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: SunX against MEXC−0.133%7-day average −0.168% · you buy dearer than you sell

Net, funding: paid 7d − costs−$320as in the Funding arb table

Net, price: spread back to 7d avg − costs−$319as in the Price arb table

costs, in and out, $10k−$3233.230% of the position

Long on MEXC Short on SunX

What this pair did over the last

the charts below follow

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

Price spread, last 3 days (all we have)−0.151%−$15 · spread now −0.133%, 7d avg −0.168%

Together, before fees−0.122%−$12 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: SunX is 0.035% dearer against MEXC than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.168%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC XPL_USDT	0.09773	0.0100	pay 0.0050% / 4h	3h 01m	$13.0M	$7.8M	100x
Short	SunX XPL-USDT	0.09760	0.0100	get 0.0050% / 4h	3h 01m	$2K	$2.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.133%Rate

Funding earned: $0
Price spread: −0.133% → −0.168%: $3.5
Slippage, 4 orders: −$314.99
Fee MEXC: 0 bp × 2 orders: $0
Fee SunX: 4 bp × 2 orders: −$8
Net: −$319.48
Costs to cover: 3.230%
Break-even: never at this rate

Slippage from MEXC: live order book, 2 min ago; SunX: live order book, 4 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, 2 min ago	1.02 bp	3.8 bp −$4	18.2 bp −$182	109.3 bp −$10.9K	248.6 bp −$124.3K
Sell SunX live order book, 4 min ago	35.48 bp	148.6 bp −$149	doesn't fit	doesn't fit	doesn't fit

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	+0.164%	$47K	$18K	25x	as long as short
01 Exchange XPLUSD	−0.0200%	1h	0.09786	+0.133%	$569	$708	5x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0178% / S +0.0550%	1h	0.09797	+0.246%	$113K	—	100x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09804	+0.315%	$8K	—	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−22.536%	—	—	—	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0003%	1h	0.09797	+0.248%	$59K	—	150x	as long as short
Lighter XPL	+0.0008%	1h	0.09780	+0.072%	$4.4M	$4.2M	10x	as long as short
Orderly PERP_XPL_USDC	+0.0015%	4h	0.09788	+0.153%	$29K	$335K	10x	as long as short
Paradex XPL-USD-PERP	+0.0050%	8h	0.09789	+0.166%	$13K	$2K	5x	as long as short
OKX XPL-USDT-SWAP	+0.0059%	4h	0.09764	−0.092%	$8.7M	$55.3M	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	+0.138%	$1.3M	$2.7M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09795	+0.224%	$258K	$539K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09813	+0.408%	$223K	$46K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09773	0.000%	$44.7M	$108.9M	75x	as long as short
Bybit XPLUSDT	+0.0100%	4h	0.09769	−0.041%	$47.6M	$56.2M	75x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09909	+1.392%	$144K	$2K	10x	as long as short
Gate XPL_USDT	+0.0100%	4h	0.09780	+0.072%	$3.0M	$4.0M	75x	as long as short
MEXC XPL_USDTlong	+0.0100%	4h	0.09773	long leg	$13.0M	$7.8M	100x
KuCoin XPLUSDTM	+0.0100%	4h	0.09776	+0.031%	$2.4M	$1.5M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09776	+0.031%	$8.8M	$11.2M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09779	+0.061%	—	$8.0M	—	as long as short
Backpack XPL_USDC_PERP	+0.0100%	1h	0.09783	+0.102%	$184K	$237K	10x	as long as short
Variational Omni XPL	+0.0100%	4h	0.09881	+1.102%	$1.8M	$1.9M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09890	+1.194%	$262K	$844K	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09890	+1.197%	$26K	$89K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09796	+0.237%	$131K	$2.7M	10x	as long as short
SunX XPL-USDTshort	+0.0100%	4h	0.09760	−0.133%	$2K	$2.0M	20x
SoDEX XPL-USD	+0.0100%	1h	0.09780	+0.072%	$492	$11K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09895	+1.248%	$143K	$243K	20x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09769	−0.046%	$666K	$1.1M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09785	+0.128%	$29K	$18K	3x	as long as short
Hyperliquid XPL	+0.0151%	1h	0.09795	+0.227%	$63.5M	$47.1M	10x	as long as short
Phoenix XPL	+0.0163%	1h	0.09897	+1.269%	$200K	$655K	10x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09821	+0.491%	$1.8M	$1.1M	75x	as long as short
Coinbase International XPL-PERP-INTX	+0.0376%	1h	0.09980	+2.118%	$74K	$97K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.5059%	1h	0.09835	+0.631%	$569K	$1.0M	10x	as long as short