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

XPL

all XPL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC+0.1024%/8h= +112.1% APRnext payment +$1.28 per $10,000 · paid last 24h +0.247%
Price spread now: Coinbase International against 01 Exchange+0.494%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 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$31 a day on $10k at the current rate, and Coinbase International is 0.494% dearer against 01 Exchange than usual: you sell high and buy low: +$49 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
Long01 Exchange XPLUSD0.09712−0.0232get 0.0029% / 1h14m 49s$565$7085x
ShortCoinbase International XPL-PERP-INTX0.097600.0792get 0.0099% / 1h14m 49s$72K$104K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International against 01 Exchange. 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
$215.04
Price spread: +0.494% → 0.000%
$49.42
Slippage, 4 orders
no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
$247.46
Costs to cover
0.170%
Break-even
from the start
Slippage unknown: 01 Exchange: no order-book sample; Coinbase International: live order book, 3 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 01 Exchange no order-book sample
Sell Coinbase International live order book, 3 min ago17.51 bp23.4 bp −$23166.8 bp −$1,668doesn't fitdoesn't fit
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 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
Backpack XPL_USDC_PERP−0.0307%1h0.09719+0.072%$177K$282K10xas long as short
01 Exchange XPLUSDlong−0.0232%1h0.09712long leg$565$7085x
Lighter XPL−0.0224%1h0.09706−0.062%$4.4M$4.1M10xas long as short
GMX XPL/USD [WBTC.b-USDC]L −0.0113% / S +0.0507%1h0.09717+0.048%$112K100xas long as short
dYdX XPL-USD0.0000%1h0.09722+0.099%$8K5xas long as short
Reya XPLRUSDPERP0.0000%1h0.07571−22.050%as long as short
Deribit XPL_USDC-PERPETUAL0.0000%1h0.09714+0.021%$47K$18K25xas long as short
gTrade (Gains Network) XPL/USDL +0.0005% / S −0.0004%1h0.09719+0.067%$72K150xas long as short
Orderly PERP_XPL_USDC+0.0071%4h0.09713+0.010%$29K$335K10xas long as short
Paradex XPL-USD-PERP+0.0083%8h0.09710−0.022%$13K$2K5xas long as short
Show all 36 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Nado XPL-PERP+0.0100%1h0.09714+0.021%$1.4M$2.6M10xas long as short
Hyperliquid XPL+0.0100%1h0.09732+0.207%$62.9M$47.8M10xas long as short
Aster XPLUSDT+0.0100%4h0.09722+0.100%$251K$527K20xas long as short
Pacifica XPL+0.0100%1h0.09718+0.059%$221K$46K10xas long as short
Binance XPLUSDT+0.0100%4h0.09721+0.093%$43.9M$107.0M75xas long as short
Bybit XPLUSDT+0.0100%4h0.09724+0.124%$47.9M$54.8M75xas long as short
OKX XPL-USDT-SWAP+0.0100%4h0.09721+0.093%$8.9M$53.9M50xas long as short
Bulk XPL-USD+0.0100%1h0.09725+0.129%$142K$9K10xas long as short
Gate XPL_USDT+0.0100%4h0.09722+0.103%$3.0M$4.0M75xas long as short
MEXC XPL_USDT+0.0100%4h0.09719+0.072%$12.5M$7.7M100xas long as short
KuCoin XPLUSDTM+0.0100%4h0.09716+0.041%$2.4M$1.4M50xas long as short
Bitget XPLUSDT+0.0100%4h0.09727+0.154%$8.6M$11.1M75xas long as short
BingX XPL-USDT+0.0100%4h0.09723+0.113%$7.9Mas long as short
Variational Omni XPL+0.0100%4h0.09719+0.075%$1.7M$1.9Mas long as short
GRVT XPL_USDT_Perp+0.0100%4h0.09720+0.077%$259K$787K10xas long as short
ApeX Omni XPLUSDT+0.0100%1h0.09730+0.185%$25K$88K50xas long as short
Polymarket Perps XPL-USD+0.0100%1h0.09724+0.126%$129K$2.7M10xas long as short
SunX XPL-USDT+0.0100%4h0.09700−0.124%$2K$2.0M20xas long as short
SoDEX XPL-USD+0.0100%1h0.09720+0.082%$447$10K10xas long as short
HTX XPL-USDT+0.0100%4h0.09705−0.072%$138K$246K20xas long as short
Extended XPL-USD+0.0104%1h0.09718+0.057%$656K$1.1M25xas long as short
Aevo XPL-PERP+0.0104%1h0.09717+0.048%$38K$5K3xas long as short
BloFin XPL-USDT+0.0340%4h0.09711−0.010%$1.7M$1.1M75xas long as short
Phoenix XPL+0.0412%1h0.09726+0.144%$197K$652K10xas long as short
Coinbase International XPL-PERP-INTXshort+0.0792%1h0.09760+0.494%$72K$104K50x
Kraken Futures PF_XPLUSD+0.4591%1h0.09779+0.689%$561K$995K10xas long as short