Funding arb · Price arb /

XPL

all XPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.001%

Price spread now: MEXC against Nado+0.036%7-day average −0.009% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$340.341% of the position

Long on Nado Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.003%$0 on $10k

Price spread, last 3 days (all we have)−0.213%−$21 · spread now +0.036%, 7d avg −0.009%

Together, before fees−0.210%+ Points / potential airdropNado: Active · farm board−$21 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: MEXC is 0.044% dearer against Nado than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.009%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado XPL-PERP	0.09749	0.0100	pay 0.0012% / 1h	0m 35s	$1.3M	$2.7M	10x
Short	MEXC XPL_USDT	0.09752	0.0100	get 0.0050% / 4h	3h 00m	$12.9M	$7.8M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.036%Rate

Funding earned: $0
Price spread: +0.036% → −0.009%: $4.45
Slippage, 4 orders: −$27.06
Fee Nado: 3.5 bp × 2 orders: −$7
Fee MEXC: 0 bp × 2 orders: $0
Net: −$29.61
Costs to cover: 0.341%
Break-even: 3042493212576335.0 days

Slippage from Nado: live order book, 3 min ago; MEXC: live order book, 3 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 Nado live order book, 3 min ago	3.56 bp	11.4 bp −$11	27.5 bp −$275	doesn't fit	doesn't fit
Sell MEXC live order book, 3 min ago	1.02 bp	4.0 bp −$4	9.5 bp −$95	90.7 bp −$9,067	224.0 bp −$112.0K

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	−0.0262%	1h	0.09761	+0.128%	$47K	$18K	25x	as long as short
01 Exchange XPLUSD	−0.0200%	1h	0.09741	−0.077%	$566	$708	5x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0178% / S +0.0550%	1h	0.09768	+0.204%	$113K	—	100x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09754	+0.058%	$8K	—	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−22.339%	—	—	—	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0003%	1h	0.09769	+0.209%	$59K	—	150x	as long as short
Orderly PERP_XPL_USDC	+0.0014%	4h	0.09756	+0.077%	$29K	$335K	10x	as long as short
Lighter XPL	+0.0016%	1h	0.09747	−0.015%	$4.4M	$4.2M	10x	as long as short
Paradex XPL-USD-PERP	+0.0051%	8h	0.09760	+0.122%	$13K	$2K	5x	as long as short
OKX XPL-USDT-SWAP	+0.0057%	4h	0.09744	−0.046%	$8.6M	$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-PERPlong	+0.0100%	1h	0.09749	long leg	$1.3M	$2.7M	10x
Aster XPLUSDT	+0.0100%	4h	0.09756	+0.077%	$257K	$540K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09757	+0.088%	$222K	$46K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09749	+0.005%	$44.6M	$109.0M	75x	as long as short
Bybit XPLUSDT	+0.0100%	4h	0.09750	+0.015%	$47.4M	$56.3M	75x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09909	+1.647%	$144K	$2K	10x	as long as short
Gate XPL_USDT	+0.0100%	4h	0.09746	−0.026%	$3.0M	$4.0M	75x	as long as short
MEXC XPL_USDTshort	+0.0100%	4h	0.09752	+0.036%	$12.9M	$7.8M	100x
KuCoin XPLUSDTM	+0.0100%	4h	0.09753	+0.046%	$2.4M	$1.5M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09755	+0.067%	$8.8M	$11.2M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09750	+0.015%	—	$8.0M	—	as long as short
Backpack XPL_USDC_PERP	+0.0100%	1h	0.09754	+0.056%	$183K	$237K	10x	as long as short
Variational Omni XPL	+0.0100%	4h	0.09762	+0.136%	$1.7M	$1.9M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09890	+1.449%	$262K	$844K	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09820	+0.733%	$25K	$89K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09758	+0.100%	$131K	$2.7M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09750	+0.015%	$3K	$2.0M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09760	+0.118%	$491	$11K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09771	+0.231%	$141K	$243K	20x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09747	−0.010%	$663K	$1.1M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09760	+0.118%	$29K	$18K	3x	as long as short
Hyperliquid XPL	+0.0139%	1h	0.09765	+0.170%	$63.3M	$47.1M	10x	as long as short
Phoenix XPL	+0.0163%	1h	0.09897	+1.523%	$200K	$655K	10x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09780	+0.323%	$1.8M	$1.1M	75x	as long as short
Coinbase International XPL-PERP-INTX	+0.0376%	1h	0.09980	+2.375%	$74K	$97K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.5071%	1h	0.09811	+0.644%	$567K	$1.0M	10x	as long as short