Funding arb · Price arb /

XPL

all XPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0380%/8h= −41.6% APRpaid last 24h −0.047%

Price spread now: 01 Exchange against OKX0.000%7-day average — · you sell dearer than you buy

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

Long on OKX Short on 01 Exchange

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: −$11 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	0.09779	0.0100	pay 0.0050% / 4h	44m 47s	$8.9M	$54.5M	50x
Short	01 Exchange XPLUSD	0.09779	−0.0280	pay 0.0035% / 1h	44m 47s	$569	$708	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now 0.000%Rate

Funding earned: −$79.8
Price spread: 0.000% → 0.000%: $0
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: −$96.8
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: OKX: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy OKX live order book, 4 min ago	0.51 bp	11.9 bp −$12	34.3 bp −$343	doesn't fit	doesn'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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter XPL	−0.0568%	1h	0.09771	−0.082%	$4.4M	$4.1M	10x	as long as short
Deribit XPL_USDC-PERPETUAL	−0.0465%	1h	0.09788	+0.092%	$47K	$18K	25x	as long as short
01 Exchange XPLUSDshort	−0.0280%	1h	0.09779	0.000%	$569	$708	5x
GMX XPL/USD [WBTC.b-USDC]	L −0.0128% / S +0.0517%	1h	0.09793	+0.147%	$113K	—	100x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09793	+0.141%	$8K	—	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07570	−22.585%	—	—	—	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09795	+0.163%	$72K	—	150x	as long as short
Orderly PERP_XPL_USDC	+0.0061%	4h	0.09786	+0.072%	$29K	$335K	10x	as long as short
Paradex XPL-USD-PERP	+0.0069%	8h	0.09790	+0.109%	$13K	$2K	5x	as long as short
Nado XPL-PERP	+0.0100%	1h	0.09787	+0.087%	$1.4M	$2.6M	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid XPL	+0.0100%	1h	0.09800	+0.212%	$63.4M	$48.0M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09791	+0.120%	$254K	$527K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09803	+0.245%	$223K	$46K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09782	+0.031%	$44.4M	$107.8M	75x	as long as short
Bybit XPLUSDT	+0.0100%	4h	0.09782	+0.031%	$47.9M	$55.1M	75x	as long as short
OKX XPL-USDT-SWAPlong	+0.0100%	4h	0.09779	long leg	$8.9M	$54.5M	50x
Gate XPL_USDT	+0.0100%	4h	0.09781	+0.020%	$3.0M	$4.0M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09782	+0.031%	$12.8M	$7.6M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09784	+0.051%	$2.4M	$1.5M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09789	+0.102%	$8.7M	$11.1M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09781	+0.020%	—	$7.9M	—	as long as short
Backpack XPL_USDC_PERP	+0.0100%	1h	0.09790	+0.112%	$180K	$280K	10x	as long as short
Variational Omni XPL	+0.0100%	4h	0.09803	+0.248%	$1.7M	$1.9M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09809	+0.309%	$262K	$796K	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09800	+0.215%	$25K	$88K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09800	+0.213%	$131K	$2.7M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09770	−0.092%	$3K	$2.0M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09780	+0.010%	$202	$10K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09793	+0.143%	$139K	$243K	20x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09800	+0.214%	$143K	$9K	10x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09780	+0.008%	$660K	$1.1M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09790	+0.112%	$38K	$5K	3x	as long as short
Phoenix XPL	+0.0327%	1h	0.09815	+0.368%	$199K	$651K	10x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09781	+0.020%	$1.8M	$1.2M	75x	as long as short
Coinbase International XPL-PERP-INTX	+0.0568%	1h	0.09825	+0.470%	$72K	$97K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.5070%	1h	0.09846	+0.690%	$567K	$1.0M	10x	as long as short