Settings8H · net · $10k
Funding arb · Price arb /

XPL

all XPL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC−0.0436%/8h= −47.7% APRnext payment $0.54 per $10,000 · paid last 24h −0.054%
Price spread now: 01 Exchange against Nado−0.083%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropNado: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and 01 Exchange is 0.083% cheaper against Nado than usual: you would sell low and buy high (−$8 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongNado XPL-PERP0.095820.0100pay 0.0012% / 1h39m 58s$1.2M$2.7M10x
Short01 Exchange XPLUSD0.09574−0.0336pay 0.0042% / 1h39m 58s$557$7085x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

01 Exchange 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

Funding earned
−$91.56
Price spread: −0.083% → 0.000%
−$8.35
Slippage, 4 orders
no order book: not counted
Fee Nado: 3.5 bp × 2 orders
−$7
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Net
−$113.91
Costs to cover
0.140%
Break-even
never at this rate
Slippage unknown: Nado: live order book, 4 min ago; 01 Exchange: 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
LegHalf-spread$10k$100k$1M$5M
Buy Nado live order book, 4 min ago1.57 bp9.2 bp −$921.6 bp −$216doesn't fitdoesn't fit
Sell 01 Exchange no order-book sample
01 Exchange: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
01 Exchange XPLUSDshort−0.0336%1h0.09574−0.083%$557$7085x
GMX XPL/USD [WBTC.b-USDC]L −0.0297% / S +0.0606%1h0.09575−0.076%$106K100xas long as short
Bybit XPLUSDT−0.0093%4h0.09546−0.376%$45.2M$55.1M75xas long as short
dYdX XPL-USD0.0000%1h0.09581−0.014%$8K5xas long as short
Reya XPLRUSDPERP0.0000%1h0.07571−20.991%as long as short
Deribit XPL_USDC-PERPETUAL0.0000%1h0.09565−0.177%$46K$18K25xas long as short
gTrade (Gains Network) XPL/USDL +0.0005% / S −0.0004%1h0.09569−0.137%$72K150xas long as short
Orderly PERP_XPL_USDC+0.0007%4h0.09562−0.209%$29K$339K10xas long as short
Backpack XPL_USDC_PERP+0.0039%1h0.09564−0.188%$178K$225K10xas long as short
Paradex XPL-USD-PERP+0.0075%8h0.09578−0.038%$12K$2K5xas long as short
Show all 36 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter XPL+0.0096%1h0.09550−0.334%$4.3M$3.3M10xas long as short
Nado XPL-PERPlong+0.0100%1h0.09582long leg$1.2M$2.7M10x
Hyperliquid XPL+0.0100%1h0.09568−0.147%$59.9M$47.2M10xas long as short
Aster XPLUSDT+0.0100%4h0.09560−0.229%$240K$463K20xas long as short
Pacifica XPL+0.0100%1h0.09583+0.013%$219K$46K10xas long as short
Binance XPLUSDT+0.0100%4h0.09551−0.327%$43.3M$103.2M75xas long as short
OKX XPL-USDT-SWAP+0.0100%4h0.09554−0.292%$8.3M$49.3M50xas long as short
Bulk XPL-USD+0.0100%1h0.09530−0.543%$139K$5K10xas long as short
Gate XPL_USDT+0.0100%4h0.09562−0.209%$3.0M$3.6M75xas long as short
MEXC XPL_USDT+0.0100%4h0.09553−0.303%$12.3M$7.7M100xas long as short
KuCoin XPLUSDTM+0.0100%4h0.09543−0.407%$2.3M$1.4M50xas long as short
Bitget XPLUSDT+0.0100%4h0.09558−0.250%$8.5M$10.1M75xas long as short
BingX XPL-USDT+0.0100%4h0.09552−0.313%$7.9Mas long as short
Variational Omni XPL+0.0100%4h0.09545−0.389%$1.7M$1.9Mas long as short
GRVT XPL_USDT_Perp+0.0100%4h0.09530−0.543%$253K$955K10xas long as short
ApeX Omni XPLUSDT+0.0100%1h0.09520−0.647%$25K$79K50xas long as short
Polymarket Perps XPL-USD+0.0100%1h0.09587+0.048%$127K$2.0M10xas long as short
SunX XPL-USDT+0.0100%4h0.09550−0.334%$2K$1.8M20xas long as short
SoDEX XPL-USD+0.0100%1h0.09560−0.230%$191$12K10xas long as short
HTX XPL-USDT+0.0100%4h0.09579−0.031%$140K$217K20xas long as short
Extended XPL-USD+0.0104%1h0.09551−0.328%$646K$1.1M25xas long as short
Aevo XPL-PERP+0.0104%1h0.09562−0.210%$28K$18K3xas long as short
Phoenix XPL+0.0334%1h0.09570−0.125%$194K$617K10xas long as short
BloFin XPL-USDT+0.0340%4h0.09555−0.282%$1.7M$981K75xas long as short
Coinbase International XPL-PERP-INTX+0.0616%1h0.09583+0.010%$74K$86K50xas long as short
Kraken Futures PF_XPLUSD+0.3327%1h0.09588+0.066%$543K$975K10xas long as short