Funding arb · Price arb /

XPL

all XPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: OKX against Pacifica+0.027%7-day average −0.026% · you sell dearer than you buy

Net, funding: paid 7d − costs−$75as in the Funding arb table

Net, price: spread back to 7d avg − costs−$64as in the Price arb table

costs, in and out, $10k−$700.698% of the position

Long on Pacifica Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.053%−$5 on $10k

Price spread, last 4 days (all we have)+0.021%+$2 · spread now +0.027%, 7d avg −0.026%

Together, before fees−0.032%+ Points / potential airdropPacifica: Active · farm board−$3 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: OKX is 0.054% dearer against Pacifica than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.026%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica XPL	0.09537	0.0100	pay 0.0013% / 1h	31m 10s	$218K	$47K	10x
Short	OKX XPL-USDT-SWAP	0.09540	0.0100	get 0.0050% / 4h	2h 31m	$8.1M	$48.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.027%Rate

Funding earned: $0
Price spread: +0.027% → −0.026%: $5.35
Slippage, 4 orders: −$51.77
Fee Pacifica: 4 bp × 2 orders: −$8
Fee OKX: 5 bp × 2 orders: −$10
Net: −$64.42
Costs to cover: 0.698%
Break-even: never at this rate

Slippage from Pacifica: live order book, 17 min ago; OKX: live order book, 3 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, 17 min ago	10.43 bp	18.0 bp −$18	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 3 min ago	0.52 bp	14.5 bp −$15	40.7 bp −$407	doesn't fit	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
Deribit XPL_USDC-PERPETUAL	−0.0274%	1h	0.09531	−0.067%	$46K	$18K	25x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0234% / S +0.0570%	1h	0.09535	−0.028%	$105K	—	100x	as long as short
01 Exchange XPLUSD	−0.0224%	1h	0.09529	−0.088%	$554	$708	5x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09539	+0.018%	$9K	$600	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−20.619%	—	—	—	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09535	−0.022%	$72K	—	150x	as long as short
Orderly PERP_XPL_USDC	+0.0015%	4h	0.09528	−0.099%	$29K	$320K	10x	as long as short
Lighter XPL	+0.0032%	1h	0.09529	−0.088%	$4.3M	$3.0M	10x	as long as short
Paradex XPL-USD-PERP	+0.0066%	8h	0.09534	−0.040%	$12K	$696	5x	as long as short
Nado XPL-PERP	+0.0100%	1h	0.09532	−0.051%	$1.2M	$2.4M	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	0.09552	+0.157%	$60.4M	$46.5M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09547	+0.097%	$251K	$429K	20x	as long as short
Pacifica XPLlong	+0.0100%	1h	0.09537	long leg	$218K	$47K	10x
Binance XPLUSDT	+0.0100%	4h	0.09536	−0.015%	$43.3M	$100.2M	75x	as long as short
Bybit XPLUSDT	+0.0100%	4h	0.09537	−0.004%	$45.2M	$54.2M	75x	as long as short
OKX XPL-USDT-SWAPshort	+0.0100%	4h	0.09540	+0.027%	$8.1M	$48.1M	50x
Gate XPL_USDT	+0.0100%	4h	0.09538	+0.006%	$3.0M	$3.4M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09537	−0.004%	$12.3M	$6.9M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09531	−0.067%	$2.3M	$1.4M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09549	+0.122%	$9.1M	$9.8M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09540	+0.027%	—	$7.8M	—	as long as short
Backpack XPL_USDC_PERP	+0.0100%	1h	0.09540	+0.027%	$173K	$190K	10x	as long as short
Variational Omni XPL	+0.0100%	4h	0.09579	+0.436%	$1.7M	$1.9M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09546	+0.086%	$262K	$1.1M	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09540	+0.027%	$25K	$77K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09541	+0.033%	$125K	$2.0M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09510	−0.287%	$3K	$1.7M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09530	−0.078%	$201	$12K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09555	+0.185%	$139K	$186K	20x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09540	+0.027%	$139K	$0	10x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09526	−0.115%	$601K	$1.2M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09536	−0.019%	$28K	$18K	3x	as long as short
Phoenix XPL	+0.0251%	1h	0.09544	+0.069%	$193K	$536K	10x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09533	−0.046%	$1.7M	$941K	75x	as long as short
Coinbase International XPL-PERP-INTX	+0.0592%	1h	0.09581	+0.457%	$67K	$89K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.2906%	1h	0.09566	+0.301%	$544K	$989K	10x	as long as short