Funding arb · Price arb /

XPL

all XPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0303%/8h= −33.2% APRpaid last 24h −0.041%

Price spread now: 01 Exchange against Paradex−0.061%7-day average — · you buy dearer than you sell

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

Long on Paradex 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—+ Points / potential airdropParadex: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and 01 Exchange is 0.061% cheaper against Paradex than usual: you would sell low and buy high (−$6 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex XPL-USD-PERP	0.09670	0.0063	pay 0.0063% / 8h	6h 15m	$13K	$2K	5x
Short	01 Exchange XPLUSD	0.09664	−0.0240	pay 0.0030% / 1h	15m 32s	$562	$708	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange against Paradex. 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 ParadexbpFee 01 ExchangebpOrdersPrice spread, now −0.061%Rate

Funding earned: −$63.64
Price spread: −0.061% → 0.000%: −$6.09
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: −$80.73
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; 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 Paradex no order-book sample	—	—	—	—	—
Sell 01 Exchange no order-book sample	—	—	—	—	—

Paradex and 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 35 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	−0.0266%	1h	0.09676	+0.063%	$46K	$18K	25x	as long as short
01 Exchange XPLUSDshort	−0.0240%	1h	0.09664	−0.061%	$562	$708	5x
GMX XPL/USD [WBTC.b-USDC]	L −0.0202% / S +0.0564%	1h	0.09679	+0.097%	$111K	—	100x	as long as short
Backpack XPL_USDC_PERP	−0.0191%	1h	0.09676	+0.063%	$179K	$244K	10x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09677	+0.075%	$8K	—	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−21.710%	—	—	—	as long as short
Orderly PERP_XPL_USDC	+0.0001%	4h	0.09674	+0.043%	$29K	$335K	10x	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0003%	1h	0.09680	+0.102%	$60K	—	150x	as long as short
OKX XPL-USDT-SWAP	+0.0056%	4h	0.09671	+0.011%	$8.4M	$54.2M	50x	as long as short
Paradex XPL-USD-PERPlong	+0.0063%	8h	0.09670	long leg	$13K	$2K	5x

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter XPL	+0.0096%	1h	0.09666	−0.040%	$4.4M	$4.2M	10x	as long as short
Nado XPL-PERP	+0.0100%	1h	0.09671	+0.009%	$1.2M	$2.8M	10x	as long as short
Hyperliquid XPL	+0.0100%	1h	0.09685	+0.157%	$61.8M	$47.8M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09677	+0.075%	$246K	$512K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09679	+0.094%	$220K	$47K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09669	−0.014%	$43.9M	$109.2M	75x	as long as short
Bybit XPLUSDT	+0.0100%	4h	0.09668	−0.020%	$46.6M	$56.9M	75x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09660	−0.102%	$141K	$7K	10x	as long as short
Gate XPL_USDT	+0.0100%	4h	0.09669	−0.009%	$3.0M	$3.9M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09672	+0.022%	$12.7M	$7.9M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09672	+0.022%	$2.3M	$1.5M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09674	+0.043%	$8.6M	$11.2M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09670	+0.001%	—	$8.0M	—	as long as short
Variational Omni XPL	+0.0100%	4h	0.09668	−0.023%	$1.7M	$1.8M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09675	+0.052%	$257K	$891K	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09680	+0.105%	$25K	$83K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09682	+0.124%	$132K	$2.6M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09660	−0.102%	$2K	$1.9M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09670	+0.001%	$194	$11K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09644	−0.268%	$142K	$250K	20x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09669	−0.013%	$655K	$1.1M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09673	+0.029%	$29K	$18K	3x	as long as short
Phoenix XPL	+0.0328%	1h	0.09693	+0.239%	$196K	$657K	10x	as long as short
Coinbase International XPL-PERP-INTX	+0.0496%	1h	0.09766	+0.994%	$78K	$95K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.4404%	1h	0.09712	+0.432%	$551K	$1.0M	10x	as long as short