Funding arb · Price arb /

XPL

all XPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0069%/8h= +7.5% APRpaid last 24h 0.000%

Price spread now: SoDEX against OKX−0.010%7-day average — · you buy dearer than you sell

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

Long on OKX Short on SoDEX

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—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX XPL-USDT-SWAP	0.09561	0.0031	pay 0.0016% / 4h	5m 04s	$7.7M	$47.7M	50x
Short	SoDEX XPL-USD	0.09560	0.0100	get 0.0013% / 1h	5m 04s	$196	$9K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX against OKX. 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 OKXbpFee SoDEXbpOrdersPrice spread, now −0.010%Rate

Funding earned: $14.43
Price spread: −0.010% → 0.000%: −$1.05
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$4.62
Costs to cover: 0.180%
Break-even: 9.2 days

Slippage unknown: OKX: live order book, 4 min ago; SoDEX: 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 OKX live order book, 4 min ago	0.52 bp	12.2 bp −$12	40.7 bp −$407	doesn't fit	doesn't fit
Sell SoDEX no order-book sample	—	—	—	—	—

SoDEX: 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
Lighter XPL	−0.1368%	1h	0.09547	−0.146%	$4.3M	$3.2M	10x	as long as short
01 Exchange XPLUSD	−0.0448%	1h	0.09558	−0.031%	$556	$873	5x	as long as short
Deribit XPL_USDC-PERPETUAL	−0.0377%	1h	0.09561	0.000%	$46K	$18K	25x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0234% / S +0.0570%	1h	0.09570	+0.090%	$106K	—	100x	as long as short
Bybit XPLUSDT	−0.0041%	4h	0.09561	0.000%	$45.5M	$53.8M	75x	as long as short
Paradex XPL-USD-PERP	−0.0038%	8h	0.09550	−0.113%	$12K	$696	5x	as long as short
Orderly PERP_XPL_USDC	−0.0025%	4h	0.09560	−0.010%	$30K	$277K	10x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09562	+0.011%	$9K	$600	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−20.816%	—	—	—	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09570	+0.093%	$72K	—	150x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX XPL-USDT-SWAPlong	+0.0031%	4h	0.09561	long leg	$7.7M	$47.7M	50x
Nado XPL-PERP	+0.0100%	1h	0.09556	−0.047%	$1.3M	$2.2M	10x	as long as short
Hyperliquid XPL	+0.0100%	1h	0.09583	+0.230%	$60.5M	$46.0M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09573	+0.124%	$253K	$406K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09559	−0.026%	$219K	$46K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09564	+0.031%	$43.3M	$97.6M	75x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09563	+0.023%	$139K	$0	10x	as long as short
Gate XPL_USDT	+0.0100%	4h	0.09566	+0.052%	$2.9M	$3.4M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09561	0.000%	$12.5M	$6.6M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09557	−0.042%	$2.3M	$1.2M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09573	+0.126%	$9.0M	$9.8M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09563	+0.021%	—	$7.8M	—	as long as short
Backpack XPL_USDC_PERP	+0.0100%	1h	0.09568	+0.073%	$179K	$180K	10x	as long as short
Variational Omni XPL	+0.0100%	4h	0.09553	−0.081%	$1.7M	$1.9M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09560	−0.005%	$254K	$1.3M	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09570	+0.094%	$25K	$74K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09573	+0.122%	$125K	$1.7M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09530	−0.324%	$3K	$1.6M	20x	as long as short
SoDEX XPL-USDshort	+0.0100%	1h	0.09560	−0.010%	$196	$9K	10x
HTX XPL-USDT	+0.0100%	4h	0.09550	−0.115%	$132K	$212K	20x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09554	−0.072%	$595K	$1.2M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09557	−0.044%	$28K	$18K	3x	as long as short
Phoenix XPL	+0.0249%	1h	0.09584	+0.241%	$194K	$495K	10x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09561	0.000%	$1.7M	$928K	75x	as long as short
Coinbase International XPL-PERP-INTX	+0.0808%	1h	0.09596	+0.366%	$64K	$92K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.2737%	1h	0.09586	+0.263%	$541K	$940K	10x	as long as short