Funding arb · Price arb /

XPL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: Aevo against Variational Omni+0.173%7-day average — · you sell dearer than you buy

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

Long on Variational Omni Short on Aevo

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—+ Points / potential airdropVariational Omni: 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: Aevo is 0.173% dearer against Variational Omni than usual: you sell high and buy low, +$17 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	Variational Omni XPL	0.09540	0.0100	pay 0.0050% / 4h	1h 31m	$1.7M	$1.9M	—
Short	Aevo XPL-PERP	0.09556	0.0104	get 0.0013% / 1h	31m 37s	$28K	$18K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Variational Omni. 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 Variational OmnibpFee AevobpOrdersPrice spread, now +0.173%Rate

Funding earned: $0.84
Price spread: +0.173% → 0.000%: $17.26
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Aevo: 8 bp × 2 orders: −$16
Net: $2.1
Costs to cover: 0.160%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 2 min ago; 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Variational Omni RFQ quote, 2 min ago	4.19 bp	doesn't fit	60.7 bp −$607	doesn't fit	doesn't fit
Sell Aevo no order-book sample	—	—	—	—	—

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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter XPL	−0.1160%	1h	0.09552	+0.128%	$4.3M	$3.2M	10x	as long as short
01 Exchange XPLUSD	−0.0368%	1h	0.09564	+0.253%	$556	$708	5x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0313% / S +0.0615%	1h	0.09565	+0.264%	$106K	—	100x	as long as short
Deribit XPL_USDC-PERPETUAL	−0.0273%	1h	0.09561	+0.222%	$46K	$18K	25x	as long as short
Orderly PERP_XPL_USDC	−0.0003%	4h	0.09556	+0.169%	$30K	$266K	10x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09564	+0.249%	$9K	$600	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−20.642%	—	—	—	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09565	+0.267%	$72K	—	150x	as long as short
Paradex XPL-USD-PERP	+0.0057%	8h	0.09562	+0.235%	$12K	$696	5x	as long as short
Extended XPL-USD	+0.0096%	1h	0.09571	+0.329%	$602K	$1.2M	25x	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	0.09569	+0.301%	$1.2M	$2.2M	10x	as long as short
Hyperliquid XPL	+0.0100%	1h	0.09572	+0.337%	$60.4M	$46.2M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09571	+0.325%	$253K	$415K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09574	+0.359%	$219K	$46K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09569	+0.306%	$43.3M	$97.1M	75x	as long as short
Bybit XPLUSDT	+0.0100%	4h	0.09570	+0.316%	$45.6M	$53.2M	75x	as long as short
OKX XPL-USDT-SWAP	+0.0100%	4h	0.09575	+0.369%	$7.9M	$47.7M	50x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09565	+0.264%	$139K	$0	10x	as long as short
Gate XPL_USDT	+0.0100%	4h	0.09568	+0.295%	$3.0M	$3.4M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09569	+0.306%	$12.5M	$6.8M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09554	+0.149%	$2.3M	$1.3M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09579	+0.411%	$8.8M	$9.6M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09571	+0.327%	—	$7.8M	—	as long as short
Backpack XPL_USDC_PERP	+0.0100%	1h	0.09563	+0.243%	$176K	$188K	10x	as long as short
Variational Omni XPLlong	+0.0100%	4h	0.09540	long leg	$1.7M	$1.9M	—
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09580	+0.421%	$256K	$1.2M	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09590	+0.526%	$25K	$77K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09569	+0.310%	$125K	$1.8M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09540	+0.002%	$2K	$1.6M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09560	+0.211%	$197	$9K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09556	+0.169%	$132K	$213K	20x	as long as short
Aevo XPL-PERPshort	+0.0104%	1h	0.09556	+0.173%	$28K	$18K	3x
Phoenix XPL	+0.0248%	1h	0.09577	+0.390%	$194K	$506K	10x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09571	+0.327%	$1.7M	$933K	75x	as long as short
Coinbase International XPL-PERP-INTX	+0.0664%	1h	0.09718	+1.868%	$66K	$92K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.2855%	1h	0.09592	+0.544%	$544K	$933K	10x	as long as short