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

XPL

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h
Price spread now: SunX against Reya+25.878%7-day average · you sell dearer than you buy
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 7 daysno history yet
Price spread, last 7 daysno 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 SunX is 25.878% dearer against Reya than usual: you sell high and buy low: +$2,588 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongReya XPLRUSDPERP0.075710get 0.0000% / 1h4m 55s
ShortSunX XPL-USDT0.095300.0100get 0.0050% / 4h4m 55s$3K$1.6M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX 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

Funding earned
$21
Price spread: +25.878% → 0.000%
$2,587.85
Slippage, 4 orders
no order book: not counted
Fee Reya: 3 bp × 2 orders
−$6
Fee SunX: 4 bp × 2 orders
−$8
Net
$2,594.85
Costs to cover
0.140%
Break-even
from the start
Slippage unknown: Reya: no order-book sample; SunX: live order book, 10 min ago. 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 Reya no order-book sample
Sell SunX live order book, 10 min ago36.71 bp153.1 bp −$153doesn't fitdoesn't fitdoesn't fit
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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter XPL−0.1368%1h0.09547+26.103%$4.3M$3.2M10xas long as short
01 Exchange XPLUSD−0.0448%1h0.09558+26.248%$556$8735xas long as short
Deribit XPL_USDC-PERPETUAL−0.0377%1h0.09561+26.288%$46K$18K25xas long as short
GMX XPL/USD [WBTC.b-USDC]L −0.0234% / S +0.0570%1h0.09570+26.402%$106K100xas long as short
Bybit XPLUSDT−0.0041%4h0.09564+26.328%$45.6M$53.8M75xas long as short
Paradex XPL-USD-PERP−0.0038%8h0.09550+26.145%$12K$6965xas long as short
Orderly PERP_XPL_USDC−0.0025%4h0.09560+26.275%$30K$277K10xas long as short
dYdX XPL-USD0.0000%1h0.09562+26.302%$9K$6005xas long as short
Reya XPLRUSDPERPlong0.0000%1h0.07571long leg
gTrade (Gains Network) XPL/USDL +0.0005% / S −0.0004%1h0.09570+26.405%$72K150xas long as short
Show all 36 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX XPL-USDT-SWAP+0.0031%4h0.09565+26.341%$7.7M$47.7M50xas long as short
Nado XPL-PERP+0.0100%1h0.09556+26.228%$1.3M$2.2M10xas long as short
Hyperliquid XPL+0.0100%1h0.09583+26.579%$60.5M$46.0M10xas long as short
Aster XPLUSDT+0.0100%4h0.09574+26.456%$253K$406K20xas long as short
Pacifica XPL+0.0100%1h0.09559+26.255%$219K$46K10xas long as short
Binance XPLUSDT+0.0100%4h0.09566+26.354%$43.3M$97.6M75xas long as short
Bulk XPL-USD+0.0100%1h0.09563+26.317%$139K$010xas long as short
Gate XPL_USDT+0.0100%4h0.09564+26.328%$2.9M$3.4M75xas long as short
MEXC XPL_USDT+0.0100%4h0.09561+26.288%$12.5M$6.6M100xas long as short
KuCoin XPLUSDTM+0.0100%4h0.09560+26.275%$2.3M$1.2M50xas long as short
Bitget XPLUSDT+0.0100%4h0.09573+26.446%$9.0M$9.8M75xas long as short
BingX XPL-USDT+0.0100%4h0.09566+26.354%$7.8Mas long as short
Backpack XPL_USDC_PERP+0.0100%1h0.09568+26.380%$179K$180K10xas long as short
Variational Omni XPL+0.0100%4h0.09553+26.185%$1.7M$1.9Mas long as short
GRVT XPL_USDT_Perp+0.0100%4h0.09560+26.281%$254K$1.3M10xas long as short
ApeX Omni XPLUSDT+0.0100%1h0.09570+26.407%$25K$74K50xas long as short
Polymarket Perps XPL-USD+0.0100%1h0.09573+26.442%$125K$1.7M10xas long as short
SunX XPL-USDTshort+0.0100%4h0.09530+25.878%$3K$1.6M20x
SoDEX XPL-USD+0.0100%1h0.09560+26.275%$196$9K10xas long as short
HTX XPL-USDT+0.0100%4h0.09550+26.143%$132K$212K20xas long as short
Extended XPL-USD+0.0104%1h0.09560+26.280%$595K$1.2M25xas long as short
Aevo XPL-PERP+0.0104%1h0.09557+26.232%$28K$18K3xas long as short
Phoenix XPL+0.0249%1h0.09584+26.592%$194K$495K10xas long as short
BloFin XPL-USDT+0.0340%4h0.09561+26.288%$1.7M$928K75xas long as short
Coinbase International XPL-PERP-INTX+0.0808%1h0.09596+26.750%$64K$92K50xas long as short
Kraken Futures PF_XPLUSD+0.2737%1h0.09586+26.621%$541K$940K10xas long as short