Funding arb · Price arb /

XPL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h —

Price spread now: MEXC against Reya+26.644%7-day average — · you sell dearer than you buy

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

Long on Reya Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropReya: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and MEXC is 26.644% dearer against Reya than usual: you sell high and buy low: +$2,664 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya XPLRUSDPERP	0.07571	0	get 0.0000% / 1h	57m 48s	—	—	—
Short	MEXC XPL_USDT	0.09588	0.0100	get 0.0050% / 4h	57m 48s	$12.6M	$6.5M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Reya. 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 ReyabpFee MEXCbpOrdersPrice spread, now +26.644%Rate

Funding earned: $21
Price spread: +26.644% → 0.000%: $2,664.36
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee MEXC: 0 bp × 2 orders: $0
Net: $2,679.36
Costs to cover: 0.060%
Break-even: from the start

Slippage unknown: Reya: no order-book sample; MEXC: live order book, 1 min ago. 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 Reya no order-book sample	—	—	—	—	—
Sell MEXC live order book, 1 min ago	0.52 bp	2.0 bp −$2	9.9 bp −$99	101.0 bp −$10.1K	241.2 bp −$120.6K

Reya: 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter XPL	−0.1264%	1h	0.09567	+26.366%	$4.3M	$3.1M	10x	as long as short
01 Exchange XPLUSD	−0.0440%	1h	0.09570	+26.406%	$556	$873	5x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0313% / S +0.0615%	1h	0.09595	+26.732%	$106K	—	100x	as long as short
Deribit XPL_USDC-PERPETUAL	−0.0167%	1h	0.09591	+26.683%	$46K	$18K	25x	as long as short
Backpack XPL_USDC_PERP	−0.0060%	1h	0.09596	+26.749%	$180K	$187K	10x	as long as short
Orderly PERP_XPL_USDC	−0.0011%	4h	0.09587	+26.630%	$30K	$246K	10x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09587	+26.631%	$9K	$600	5x	as long as short
Reya XPLRUSDPERPlong	0.0000%	1h	0.07571	long leg	—	—	—
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09594	+26.716%	$72K	—	150x	as long as short
Paradex XPL-USD-PERP	+0.0038%	8h	0.09575	+26.475%	$12K	$696	5x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado XPL-PERP	+0.0100%	1h	0.09577	+26.498%	$1.2M	$2.2M	10x	as long as short
Hyperliquid XPL	+0.0100%	1h	0.09596	+26.755%	$60.7M	$46.1M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09596	+26.751%	$253K	$420K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09582	+26.571%	$219K	$46K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09584	+26.587%	$43.5M	$97.7M	75x	as long as short
Bybit XPLUSDT	+0.0100%	4h	0.09577	+26.498%	$45.7M	$53.5M	75x	as long as short
OKX XPL-USDT-SWAP	+0.0100%	4h	0.09578	+26.512%	$7.8M	$47.8M	50x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09614	+26.987%	$140K	$0	10x	as long as short
Gate XPL_USDT	+0.0100%	4h	0.09587	+26.630%	$3.0M	$3.3M	75x	as long as short
MEXC XPL_USDTshort	+0.0100%	4h	0.09588	+26.644%	$12.6M	$6.5M	100x
KuCoin XPLUSDTM	+0.0100%	4h	0.09594	+26.723%	$2.3M	$1.2M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09591	+26.683%	$9.0M	$9.8M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09583	+26.578%	—	$7.8M	—	as long as short
Variational Omni XPL	+0.0100%	4h	0.09615	+26.998%	$1.7M	$2.0M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09618	+27.042%	$262K	$1.3M	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09630	+27.198%	$25K	$75K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09590	+26.675%	$126K	$1.8M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09570	+26.406%	$2K	$1.6M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09590	+26.670%	$197	$9K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09578	+26.512%	$132K	$213K	20x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09585	+26.602%	$601K	$1.2M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09585	+26.604%	$28K	$18K	3x	as long as short
Phoenix XPL	+0.0248%	1h	0.09637	+27.291%	$195K	$489K	10x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09583	+26.578%	$1.7M	$931K	75x	as long as short
Coinbase International XPL-PERP-INTX	+0.0808%	1h	0.09718	+28.361%	$66K	$92K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.2726%	1h	0.09622	+27.094%	$546K	$932K	10x	as long as short