Funding arb · Price arb /

XPL

all XPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Binance against Pacifica−0.172%7-day average −0.035% · you buy dearer than you sell

Net, funding: paid 7d − costs−$64as in the Funding arb table

Net, price: spread back to 7d avg − costs−$76as in the Price arb table

costs, in and out, $10k−$620.621% of the position

Long on Pacifica Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.024%−$2 on $10k

Price spread, last 4 days (all we have)+0.245%+$25 · spread now −0.172%, 7d avg −0.035%

Together, before fees+0.221%+ Points / potential airdropPacifica: Active · farm board+$22 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: Binance is 0.137% cheaper against Pacifica than usual: you would sell low and buy high, −$14 on $10k if it goes back to its 7-day average of −0.035%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica XPL	0.09585	0.0100	pay 0.0013% / 1h	2m 28s	$219K	$46K	10x
Short	Binance XPLUSDT	0.09568	0.0100	get 0.0050% / 4h	3h 02m	$43.5M	$100.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Pacifica. 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 PacificabpFee BinancebpOrdersPrice spread, now −0.172%Rate

Funding earned: $0
Price spread: −0.172% → −0.035%: −$13.69
Slippage, 4 orders: −$44.08
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Binance: 5 bp × 2 orders: −$10
Net: −$75.77
Costs to cover: 0.621%
Break-even: never at this rate

Slippage from Pacifica: live order book, 51 min ago; Binance: live order book, 10 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 Pacifica live order book, 51 min ago	5.15 bp	16.7 bp −$17	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 10 min ago	0.52 bp	10.5 bp −$10	22.5 bp −$225	98.1 bp −$9,806	doesn't fit

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	−0.0360%	1h	0.09565	−0.206%	$556	$708	5x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0234% / S +0.0570%	1h	0.09575	−0.100%	$106K	—	100x	as long as short
Deribit XPL_USDC-PERPETUAL	−0.0062%	1h	0.09605	+0.212%	$46K	$18K	25x	as long as short
Backpack XPL_USDC_PERP	−0.0060%	1h	0.09608	+0.243%	$175K	$190K	10x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09586	+0.016%	$9K	$585	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−21.012%	—	—	—	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09573	−0.123%	$72K	—	150x	as long as short
Orderly PERP_XPL_USDC	+0.0008%	4h	0.09601	+0.170%	$29K	$339K	10x	as long as short
Lighter XPL	+0.0016%	1h	0.09576	−0.091%	$4.3M	$3.0M	10x	as long as short
Bybit XPLUSDT	+0.0021%	4h	0.09568	−0.174%	$45.3M	$54.1M	75x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex XPL-USD-PERP	+0.0050%	8h	0.09582	−0.032%	$12K	$696	5x	as long as short
Nado XPL-PERP	+0.0100%	1h	0.09569	−0.161%	$1.2M	$2.4M	10x	as long as short
Hyperliquid XPL	+0.0100%	1h	0.09580	−0.050%	$60.6M	$46.6M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09577	−0.084%	$250K	$423K	20x	as long as short
Pacifica XPLlong	+0.0100%	1h	0.09585	long leg	$219K	$46K	10x
Binance XPLUSDTshort	+0.0100%	4h	0.09568	−0.172%	$43.5M	$100.7M	75x
OKX XPL-USDT-SWAP	+0.0100%	4h	0.09568	−0.174%	$8.1M	$48.2M	50x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09601	+0.166%	$140K	$5K	10x	as long as short
Gate XPL_USDT	+0.0100%	4h	0.09574	−0.112%	$3.1M	$3.5M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09569	−0.164%	$12.6M	$7.1M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09574	−0.112%	$2.3M	$1.4M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09577	−0.080%	$9.1M	$9.7M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09568	−0.174%	—	$7.8M	—	as long as short
Variational Omni XPL	+0.0100%	4h	0.09625	+0.419%	$1.7M	$1.9M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09613	+0.297%	$259K	$1.1M	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09630	+0.473%	$25K	$78K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09578	−0.068%	$127K	$1.9M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09590	+0.055%	$3K	$1.7M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09600	+0.160%	$199	$12K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09611	+0.274%	$141K	$184K	20x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09570	−0.151%	$650K	$1.1M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09600	+0.160%	$28K	$18K	3x	as long as short
Phoenix XPL	+0.0248%	1h	0.09646	+0.640%	$195K	$573K	10x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09605	+0.212%	$1.7M	$950K	75x	as long as short
Coinbase International XPL-PERP-INTX	+0.0640%	1h	0.09708	+1.286%	$75K	$76K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.3124%	1h	0.09640	+0.572%	$548K	$988K	10x	as long as short