Funding arb · Price arb /

XPL

all XPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0508%/8h= −55.6% APRpaid last 24h −0.050%

Price spread now: 01 Exchange against SunX+0.740%7-day average — · you sell dearer than you buy

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

Long on SunX Short on 01 Exchange

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

Together, before fees—needs both histories

The price spread pays, funding is against you. 01 Exchange is 0.740% dearer against SunX than usual: you sell high and buy low (spread +0.740% now, against zero (this spread has no 7-day history yet)): +$74 on $10k if it goes back. Holding the pair costs −$15 a day in funding at the current rate, which eats that in about 4.9 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX XPL-USDT	0.09600	0.0100	pay 0.0050% / 4h	1h 56m	$2K	$1.9M	20x
Short	01 Exchange XPLUSD	0.09671	−0.0408	pay 0.0051% / 1h	56m 31s	$562	$708	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange against SunX. 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 SunXbpFee 01 ExchangebpOrdersPrice spread, now +0.740%Rate

Funding earned: −$106.68
Price spread: +0.740% → 0.000%: $73.96
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: −$47.72
Costs to cover: 0.150%
Break-even: from the start

Slippage unknown: SunX: live order book, 9 min ago; 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 SunX live order book, 9 min ago	51.76 bp	163.4 bp −$163	doesn't fit	doesn't fit	doesn't fit
Sell 01 Exchange no order-book sample	—	—	—	—	—

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
Backpack XPL_USDC_PERP	−0.0886%	1h	0.09620	+0.208%	$178K	$242K	10x	as long as short
01 Exchange XPLUSDshort	−0.0408%	1h	0.09671	+0.740%	$562	$708	5x
Deribit XPL_USDC-PERPETUAL	−0.0373%	1h	0.09617	+0.177%	$46K	$18K	25x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0211% / S +0.0571%	1h	0.09627	+0.276%	$111K	—	100x	as long as short
Lighter XPL	−0.0080%	1h	0.09670	+0.729%	$4.4M	$4.2M	10x	as long as short
Orderly PERP_XPL_USDC	−0.0001%	4h	0.09623	+0.240%	$29K	$335K	10x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09674	+0.775%	$8K	—	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−21.140%	—	—	—	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09673	+0.756%	$55K	—	150x	as long as short
OKX XPL-USDT-SWAP	+0.0035%	4h	0.09674	+0.771%	$8.4M	$53.3M	50x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex XPL-USD-PERP	+0.0043%	8h	0.09683	+0.860%	$13K	$2K	5x	as long as short
Nado XPL-PERP	+0.0100%	1h	0.09672	+0.750%	$1.2M	$2.8M	10x	as long as short
Hyperliquid XPL	+0.0100%	1h	0.09685	+0.880%	$61.5M	$47.6M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09663	+0.656%	$246K	$499K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09673	+0.765%	$220K	$47K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09677	+0.806%	$43.9M	$107.8M	75x	as long as short
Bybit XPLUSDT	+0.0100%	4h	0.09672	+0.750%	$46.5M	$55.7M	75x	as long as short
Gate XPL_USDT	+0.0100%	4h	0.09676	+0.792%	$3.0M	$3.7M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09677	+0.802%	$12.6M	$7.8M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09665	+0.677%	$2.3M	$1.5M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09680	+0.833%	$8.6M	$11.1M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09674	+0.771%	—	$7.9M	—	as long as short
Variational Omni XPL	+0.0100%	4h	0.09670	+0.727%	$1.7M	$1.8M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09656	+0.585%	$259K	$900K	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09670	+0.729%	$25K	$83K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09683	+0.867%	$132K	$2.6M	10x	as long as short
SunX XPL-USDTlong	+0.0100%	4h	0.09600	long leg	$2K	$1.9M	20x
SoDEX XPL-USD	+0.0100%	1h	0.09610	+0.104%	$195	$11K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09620	+0.208%	$143K	$250K	20x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09660	+0.625%	$141K	$7K	10x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09674	+0.773%	$651K	$1.1M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09621	+0.216%	$29K	$18K	3x	as long as short
Phoenix XPL	+0.0328%	1h	0.09667	+0.698%	$196K	$620K	10x	as long as short
Coinbase International XPL-PERP-INTX	+0.0672%	1h	0.09766	+1.729%	$78K	$94K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.3559%	1h	0.09659	+0.611%	$548K	$1.0M	10x	as long as short