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

XPL

all XPL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC−0.0096%/8h= −10.5% APRnext payment $0.12 per $10,000 · paid last 24h −0.029%
Price spread now: gTrade (Gains Network) against Pacifica−0.081%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 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 gTrade (Gains Network) is 0.081% cheaper against Pacifica 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
LongPacifica XPL0.097180.0100pay 0.0013% / 1h13m 10s$221K$46K10x
ShortgTrade (Gains Network) XPL/USD0.09710L +0.0005% / S −0.0004%get 0.0000% / 1h13m 10s$72K150x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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
−$20.18
Price spread: −0.081% → 0.000%
−$8.13
Slippage, 4 orders
no order book: not counted
Fee Pacifica: 4 bp × 2 orders
−$8
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Net
−$46.31
Costs to cover
0.180%
Break-even
never at this rate
Slippage unknown: Pacifica: live order book, 5 min ago; gTrade (Gains Network): 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, 5 min ago10.29 bp17.8 bp −$18doesn't fitdoesn't fitdoesn't fit
Sell gTrade (Gains Network) no order-book sample
gTrade (Gains Network): 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
Backpack XPL_USDC_PERP−0.0298%1h0.09716−0.020%$177K$282K10xas long as short
01 Exchange XPLUSD−0.0232%1h0.09702−0.164%$564$7085xas long as short
Lighter XPL−0.0216%1h0.09702−0.164%$4.4M$4.1M10xas long as short
GMX XPL/USD [WBTC.b-USDC]L −0.0114% / S +0.0508%1h0.09708−0.103%$112K100xas long as short
dYdX XPL-USD0.0000%1h0.09722+0.038%$8K5xas long as short
Reya XPLRUSDPERP0.0000%1h0.07571−22.097%as long as short
Deribit XPL_USDC-PERPETUAL0.0000%1h0.09712−0.061%$47K$18K25xas long as short
gTrade (Gains Network) XPL/USDshortL +0.0005% / S −0.0004%1h0.09710−0.081%$72K150x
Orderly PERP_XPL_USDC+0.0071%4h0.09704−0.143%$29K$335K10xas long as short
Paradex XPL-USD-PERP+0.0084%8h0.09714−0.043%$13K$2K5xas long as short
Show all 36 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Nado XPL-PERP+0.0100%1h0.09710−0.076%$1.4M$2.6M10xas long as short
Hyperliquid XPL+0.0100%1h0.09728+0.108%$62.9M$47.8M10xas long as short
Aster XPLUSDT+0.0100%4h0.09712−0.060%$251K$527K20xas long as short
Pacifica XPLlong+0.0100%1h0.09718long leg$221K$46K10x
Binance XPLUSDT+0.0100%4h0.09714−0.040%$43.8M$107.0M75xas long as short
Bybit XPLUSDT+0.0100%4h0.09715−0.030%$47.9M$54.8M75xas long as short
OKX XPL-USDT-SWAP+0.0100%4h0.09713−0.050%$8.9M$53.9M50xas long as short
Bulk XPL-USD+0.0100%1h0.09725+0.068%$142K$9K10xas long as short
Gate XPL_USDT+0.0100%4h0.09709−0.092%$3.0M$4.0M75xas long as short
MEXC XPL_USDT+0.0100%4h0.09714−0.040%$12.5M$7.7M100xas long as short
KuCoin XPLUSDTM+0.0100%4h0.09706−0.122%$2.4M$1.5M50xas long as short
Bitget XPLUSDT+0.0100%4h0.09718+0.001%$8.6M$11.1M75xas long as short
BingX XPL-USDT+0.0100%4h0.09715−0.030%$7.9Mas long as short
Variational Omni XPL+0.0100%4h0.09719+0.014%$1.7M$1.9Mas long as short
GRVT XPL_USDT_Perp+0.0100%4h0.09720+0.017%$259K$787K10xas long as short
ApeX Omni XPLUSDT+0.0100%1h0.09730+0.125%$25K$88K50xas long as short
Polymarket Perps XPL-USD+0.0100%1h0.09715−0.031%$129K$2.7M10xas long as short
SunX XPL-USDT+0.0100%4h0.09710−0.081%$3K$2.0M20xas long as short
SoDEX XPL-USD+0.0100%1h0.09710−0.081%$447$10K10xas long as short
HTX XPL-USDT+0.0100%4h0.09713−0.050%$138K$246K20xas long as short
Extended XPL-USD+0.0104%1h0.09708−0.106%$656K$1.1M25xas long as short
Aevo XPL-PERP+0.0104%1h0.09711−0.069%$38K$5K3xas long as short
BloFin XPL-USDT+0.0340%4h0.09704−0.143%$1.7M$1.1M75xas long as short
Phoenix XPL+0.0412%1h0.09730+0.125%$197K$652K10xas long as short
Coinbase International XPL-PERP-INTX+0.0792%1h0.09760+0.433%$72K$104K50xas long as short
Kraken Futures PF_XPLUSD+0.4594%1h0.09771+0.550%$561K$995K10xas long as short