Funding arb · Price arb /

XPL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Pacifica against SoDEX+0.199%7-day average — · you sell dearer than you buy

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

Long on SoDEX Short on Pacifica

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 airdropPacifica: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Pacifica is 0.199% dearer against SoDEX than usual: you sell high and buy low, +$20 on $10k if it 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	SoDEX XPL-USD	0.09560	0.0100	pay 0.0013% / 1h	6m 05s	$2K	$11K	10x
Short	Pacifica XPL	0.09579	0.0100	get 0.0013% / 1h	6m 05s	$219K	$48K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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

Position, each leg$Hold fordaysFee SoDEXbpFee PacificabpOrdersPrice spread, now +0.199%Rate

Funding earned: $0
Price spread: +0.199% → 0.000%: $19.87
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Pacifica: 4 bp × 2 orders: −$8
Net: $3.87
Costs to cover: 0.160%
Break-even: from the start

Slippage unknown: SoDEX: no order-book sample; Pacifica: live order book, 57 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 SoDEX no order-book sample	—	—	—	—	—
Sell Pacifica live order book, 57 min ago	10.35 bp	20.4 bp −$20	doesn't fit	doesn't fit	doesn't fit

SoDEX: 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
01 Exchange XPLUSD	−0.0400%	1h	0.09554	−0.063%	$555	$708	5x	as long as short
Backpack XPL_USDC_PERP	−0.0296%	1h	0.09571	+0.115%	$178K	$224K	10x	as long as short
Deribit XPL_USDC-PERPETUAL	−0.0272%	1h	0.09568	+0.084%	$46K	$18K	25x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0272% / S +0.0590%	1h	0.09570	+0.109%	$105K	—	100x	as long as short
Bybit XPLUSDT	−0.0136%	4h	0.09558	−0.021%	$45.3M	$56.3M	75x	as long as short
Orderly PERP_XPL_USDC	0.0000%	4h	0.09566	+0.063%	$29K	$335K	10x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09578	+0.189%	$8K	—	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−20.809%	—	—	—	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09574	+0.147%	$72K	—	150x	as long as short
OKX XPL-USDT-SWAP	+0.0055%	4h	0.09568	+0.084%	$8.2M	$51.5M	50x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex XPL-USD-PERP	+0.0060%	8h	0.09569	+0.098%	$12K	$2K	5x	as long as short
Lighter XPL	+0.0096%	1h	0.09561	+0.010%	$4.3M	$4.2M	10x	as long as short
Nado XPL-PERP	+0.0100%	1h	0.09567	+0.078%	$1.2M	$2.8M	10x	as long as short
Hyperliquid XPL	+0.0100%	1h	0.09583	+0.237%	$60.1M	$48.1M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09573	+0.137%	$243K	$490K	20x	as long as short
Pacifica XPLshort	+0.0100%	1h	0.09579	+0.199%	$219K	$48K	10x
Binance XPLUSDT	+0.0100%	4h	0.09567	+0.069%	$43.3M	$107.3M	75x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09643	+0.873%	$140K	$5K	10x	as long as short
Gate XPL_USDT	+0.0100%	4h	0.09567	+0.073%	$3.0M	$3.8M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09569	+0.094%	$12.4M	$8.0M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09567	+0.073%	$2.3M	$1.5M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09575	+0.157%	$8.5M	$10.8M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09569	+0.094%	—	$8.0M	—	as long as short
Variational Omni XPL	+0.0100%	4h	0.09560	−0.004%	$1.7M	$1.8M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09596	+0.377%	$263K	$941K	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09600	+0.418%	$25K	$83K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09577	+0.176%	$127K	$2.2M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09550	−0.105%	$3K	$1.9M	20x	as long as short
SoDEX XPL-USDlong	+0.0100%	1h	0.09560	long leg	$2K	$11K	10x
HTX XPL-USDT	+0.0100%	4h	0.09592	+0.335%	$144K	$254K	20x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09565	+0.052%	$634K	$1.1M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09565	+0.052%	$28K	$18K	3x	as long as short
Phoenix XPL	+0.0248%	1h	0.09638	+0.816%	$195K	$629K	10x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09577	+0.178%	$1.7M	$1.0M	75x	as long as short
Coinbase International XPL-PERP-INTX	+0.0672%	1h	0.09670	+1.151%	$75K	$87K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.3577%	1h	0.09609	+0.513%	$545K	$1.0M	10x	as long as short