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

XPL

all XPL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.00 per $10,000 · paid last 24h +0.001%
Price spread now: Aevo against SoDEX−0.026%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 feesneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aevo is 0.026% cheaper against SoDEX than usual: you would sell low and buy high, −$3 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSoDEX XPL-USD0.096900.0100pay 0.0013% / 1h2m 44s$203$12K10x
ShortAevo XPL-PERP0.096880.0104get 0.0013% / 1h2m 44s$29K$18K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aevo against SoDEX. 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
$0.84
Price spread: −0.026% → 0.000%
−$2.58
Slippage, 4 orders
no order book: not counted
Fee SoDEX: 4 bp × 2 orders
−$8
Fee Aevo: 8 bp × 2 orders
−$16
Net
−$25.74
Costs to cover
0.240%
Break-even
221.5 days
Slippage unknown: SoDEX: no order-book sample; Aevo: 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 SoDEX no order-book sample
Sell Aevo no order-book sample
SoDEX and Aevo: 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
GMX XPL/USD [WBTC.b-USDC]L −0.0313% / S +0.0615%1h0.09680−0.104%$107K100xas long as short
01 Exchange XPLUSD−0.0248%1h0.09665−0.258%$562$7085xas long as short
Deribit XPL_USDC-PERPETUAL−0.0163%1h0.096900.000%$46K$18K25xas long as short
dYdX XPL-USD0.0000%1h0.09670−0.211%$9K$6005xas long as short
Reya XPLRUSDPERP0.0000%1h0.07571−21.870%as long as short
gTrade (Gains Network) XPL/USDL +0.0005% / S −0.0004%1h0.09693+0.035%$73K150xas long as short
Orderly PERP_XPL_USDC+0.0007%4h0.09688−0.021%$29K$291K10xas long as short
Lighter XPL+0.0056%1h0.09674−0.165%$4.4M$3.0M10xas long as short
Paradex XPL-USD-PERP+0.0062%8h0.09667−0.235%$13K$6965xas long as short
Nado XPL-PERP+0.0100%1h0.09667−0.237%$1.2M$2.2M10xas long as short
Show all 36 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid XPL+0.0100%1h0.09696+0.063%$61.3M$46.3M10xas long as short
Aster XPLUSDT+0.0100%4h0.09690+0.004%$255K$426K20xas long as short
Pacifica XPL+0.0100%1h0.09676−0.142%$221K$46K10xas long as short
Binance XPLUSDT+0.0100%4h0.09680−0.103%$43.9M$98.4M75xas long as short
Bybit XPLUSDT+0.0100%4h0.09680−0.103%$45.9M$53.7M75xas long as short
OKX XPL-USDT-SWAP+0.0100%4h0.09676−0.144%$8.0M$48.8M50xas long as short
Bulk XPL-USD+0.0100%1h0.09661−0.297%$141K$010xas long as short
Gate XPL_USDT+0.0100%4h0.09685−0.052%$3.1M$3.4M75xas long as short
MEXC XPL_USDT+0.0100%4h0.09679−0.114%$12.8M$7.0M100xas long as short
KuCoin XPLUSDTM+0.0100%4h0.09680−0.103%$2.3M$1.3M50xas long as short
Bitget XPLUSDT+0.0100%4h0.09688−0.021%$8.9M$9.7M75xas long as short
BingX XPL-USDT+0.0100%4h0.09679−0.114%$7.8Mas long as short
Backpack XPL_USDC_PERP+0.0100%1h0.09691+0.010%$176K$189K10xas long as short
Variational Omni XPL+0.0100%4h0.09685−0.054%$1.7M$1.9Mas long as short
GRVT XPL_USDT_Perp+0.0100%4h0.09679−0.109%$260K$1.2M10xas long as short
ApeX Omni XPLUSDT+0.0100%1h0.09680−0.103%$25K$77K50xas long as short
Polymarket Perps XPL-USD+0.0100%1h0.09679−0.118%$127K$1.8M10xas long as short
SunX XPL-USDT+0.0100%4h0.09650−0.413%$3K$1.7M20xas long as short
SoDEX XPL-USDlong+0.0100%1h0.09690long leg$203$12K10x
HTX XPL-USDT+0.0100%4h0.09682−0.083%$138K$187K20xas long as short
Extended XPL-USD+0.0104%1h0.09678−0.123%$609K$1.2M25xas long as short
Aevo XPL-PERPshort+0.0104%1h0.09688−0.026%$29K$18K3x
Phoenix XPL+0.0251%1h0.09695+0.052%$196K$536K10xas long as short
BloFin XPL-USDT+0.0340%4h0.09681−0.093%$1.7M$943K75xas long as short
Coinbase International XPL-PERP-INTX+0.0592%1h0.09718+0.289%$66K$92K50xas long as short
Kraken Futures PF_XPLUSD+0.2860%1h0.09719+0.304%$552K$953K10xas long as short