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

XPL

all XPL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC−0.0100%/8h= −10.9% APRnext payment $0.13 per $10,000 · paid last 24h −0.030%
Price spread now: dYdX against Pacifica−0.038%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 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropPacifica: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and dYdX is 0.038% cheaper against Pacifica than usual: you would sell low and buy high (−$4 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPacifica XPL0.097040.0100pay 0.0013% / 1h24m 37s$221K$46K10x
ShortdYdX XPL-USD0.097010get 0.0000% / 1h24m 37s$8K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

dYdX 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

Funding earned
−$21
Price spread: −0.038% → 0.000%
−$3.77
Slippage, 4 orders
no order book: not counted
Fee Pacifica: 4 bp × 2 orders
−$8
Fee dYdX: 5 bp × 2 orders
−$10
Net
−$42.77
Costs to cover
0.180%
Break-even
never at this rate
Slippage unknown: Pacifica: live order book, 53 min ago; dYdX: 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 Pacifica live order book, 53 min ago10.29 bp17.8 bp −$18doesn't fitdoesn't fitdoesn't fit
Sell dYdX no order-book sample
dYdX: 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
Lighter XPL−0.0544%1h0.09695−0.095%$4.4M$4.2M10xas long as short
01 Exchange XPLUSD−0.0392%1h0.09693−0.115%$564$7085xas long as short
Deribit XPL_USDC-PERPETUAL−0.0162%1h0.09709+0.049%$47K$18K25xas long as short
GMX XPL/USD [WBTC.b-USDC]L −0.0137% / S +0.0523%1h0.09709+0.047%$112K100xas long as short
dYdX XPL-USDshort0.0000%1h0.09701−0.038%$8K5x
Reya XPLRUSDPERP0.0000%1h0.07570−21.988%as long as short
gTrade (Gains Network) XPL/USDL +0.0005% / S −0.0003%1h0.09708+0.043%$76K150xas long as short
Paradex XPL-USD-PERP+0.0020%8h0.09701−0.029%$13K$2K5xas long as short
Orderly PERP_XPL_USDC+0.0050%4h0.09704−0.002%$29K$335K10xas long as short
Gate XPL_USDT+0.0064%4h0.09704−0.002%$3.0M$4.0M75xas long as short
Show all 36 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Nado XPL-PERP+0.0100%1h0.09701−0.033%$1.4M$2.6M10xas long as short
Hyperliquid XPL+0.0100%1h0.09715+0.112%$62.7M$48.1M10xas long as short
Aster XPLUSDT+0.0100%4h0.09713+0.095%$252K$527K20xas long as short
Pacifica XPLlong+0.0100%1h0.09704long leg$221K$46K10x
Binance XPLUSDT+0.0100%4h0.09693−0.119%$44.1M$108.3M75xas long as short
Bybit XPLUSDT+0.0100%4h0.09694−0.105%$47.1M$55.4M75xas long as short
OKX XPL-USDT-SWAP+0.0100%4h0.09691−0.136%$8.7M$54.2M50xas long as short
MEXC XPL_USDT+0.0100%4h0.09707+0.029%$12.7M$7.6M100xas long as short
KuCoin XPLUSDTM+0.0100%4h0.09709+0.049%$2.4M$1.5M50xas long as short
Bitget XPLUSDT+0.0100%4h0.09700−0.043%$8.7M$11.1M75xas long as short
BingX XPL-USDT+0.0100%4h0.09691−0.136%$7.9Mas long as short
Backpack XPL_USDC_PERP+0.0100%1h0.09706+0.019%$179K$281K10xas long as short
Variational Omni XPL+0.0100%4h0.09715+0.115%$1.6M$1.9Mas long as short
GRVT XPL_USDT_Perp+0.0100%4h0.09720+0.163%$260K$806K10xas long as short
ApeX Omni XPLUSDT+0.0100%1h0.09730+0.266%$25K$88K50xas long as short
Polymarket Perps XPL-USD+0.0100%1h0.09711+0.071%$130K$2.7M10xas long as short
SunX XPL-USDT+0.0100%4h0.09680−0.249%$3K$2.0M20xas long as short
SoDEX XPL-USD+0.0100%1h0.09710+0.060%$204$10K10xas long as short
HTX XPL-USDT+0.0100%4h0.09701−0.033%$138K$233K20xas long as short
Bulk XPL-USD+0.0100%1h0.09700−0.045%$141K$9K10xas long as short
Extended XPL-USD+0.0104%1h0.09688−0.167%$653K$1.1M25xas long as short
Aevo XPL-PERP+0.0104%1h0.09710+0.060%$38K$5K3xas long as short
Phoenix XPL+0.0327%1h0.09734+0.307%$197K$651K10xas long as short
BloFin XPL-USDT+0.0340%4h0.09705+0.008%$1.7M$1.2M75xas long as short
Coinbase International XPL-PERP-INTX+0.0568%1h0.09825+1.245%$72K$97K50xas long as short
Kraken Futures PF_XPLUSD+0.5111%1h0.09767+0.649%$563K$1.0M10xas long as short