Funding arb · Price arb /

XPL

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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 −0.001%

Price spread now: ApeX Omni against Nado+0.278%7-day average — · you sell dearer than you buy

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

Long on Nado Short on ApeX Omni

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 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropNado: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: ApeX Omni is 0.278% dearer against Nado than usual: you sell high and buy low, +$28 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado XPL-PERP	0.09544	0.0100	pay 0.0012% / 1h	38m 54s	$1.2M	$2.7M	10x
Short	ApeX Omni XPLUSDT	0.09570	0.0100	get 0.0013% / 1h	38m 54s	$25K	$79K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Nado. 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 NadobpFee ApeX OmnibpOrdersPrice spread, now +0.278%Rate

Funding earned: $0
Price spread: +0.278% → 0.000%: $27.77
Slippage, 4 orders: no order book: not counted
Fee Nado: 3.5 bp × 2 orders: −$7
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: $10.77
Costs to cover: 0.170%
Break-even: from the start

Slippage unknown: Nado: live order book, 5 min ago; ApeX Omni: 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 Nado live order book, 5 min ago	1.57 bp	9.2 bp −$9	21.6 bp −$216	doesn't fit	doesn't fit
Sell ApeX Omni no order-book sample	—	—	—	—	—

ApeX Omni: 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
01 Exchange XPLUSD	−0.0344%	1h	0.09528	−0.162%	$554	$708	5x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0298% / S +0.0607%	1h	0.09549	+0.060%	$105K	—	100x	as long as short
Deribit XPL_USDC-PERPETUAL	−0.0169%	1h	0.09542	−0.016%	$46K	$18K	25x	as long as short
Bybit XPLUSDT	−0.0092%	4h	0.09529	−0.152%	$45.1M	$54.7M	75x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09547	+0.040%	$8K	—	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−20.672%	—	—	—	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09548	+0.048%	$72K	—	150x	as long as short
Orderly PERP_XPL_USDC	+0.0009%	4h	0.09538	−0.058%	$29K	$339K	10x	as long as short
Backpack XPL_USDC_PERP	+0.0038%	1h	0.09537	−0.068%	$178K	$222K	10x	as long as short
Paradex XPL-USD-PERP	+0.0076%	8h	0.09533	−0.107%	$12K	$2K	5x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter XPL	+0.0096%	1h	0.09532	−0.121%	$4.3M	$3.3M	10x	as long as short
Nado XPL-PERPlong	+0.0100%	1h	0.09544	long leg	$1.2M	$2.7M	10x
Hyperliquid XPL	+0.0100%	1h	0.09547	+0.034%	$59.8M	$46.6M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09540	−0.038%	$240K	$463K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09552	+0.091%	$218K	$46K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09532	−0.121%	$43.2M	$103.0M	75x	as long as short
OKX XPL-USDT-SWAP	+0.0100%	4h	0.09535	−0.089%	$8.3M	$49.1M	50x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09530	−0.141%	$139K	$5K	10x	as long as short
Gate XPL_USDT	+0.0100%	4h	0.09528	−0.162%	$3.0M	$3.6M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09531	−0.131%	$12.2M	$7.7M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09537	−0.068%	$2.3M	$1.4M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09538	−0.058%	$8.5M	$10.1M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09532	−0.121%	—	$7.9M	—	as long as short
Variational Omni XPL	+0.0100%	4h	0.09545	+0.013%	$1.7M	$1.9M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09574	+0.316%	$256K	$962K	10x	as long as short
ApeX Omni XPLUSDTshort	+0.0100%	1h	0.09570	+0.278%	$25K	$79K	50x
Polymarket Perps XPL-USD	+0.0100%	1h	0.09553	+0.101%	$127K	$2.0M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09520	−0.246%	$2K	$1.8M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09540	−0.037%	$191	$12K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09579	+0.372%	$140K	$217K	20x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09529	−0.150%	$646K	$1.1M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09538	−0.058%	$28K	$18K	3x	as long as short
Phoenix XPL	+0.0334%	1h	0.09570	+0.278%	$194K	$617K	10x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09545	+0.016%	$1.7M	$976K	75x	as long as short
Coinbase International XPL-PERP-INTX	+0.0616%	1h	0.09583	+0.414%	$74K	$86K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.3330%	1h	0.09579	+0.377%	$543K	$975K	10x	as long as short