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

XPL

all XPL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0360%/8h= +39.4% APRnext payment +$0.45 per $10,000 · paid last 24h +0.023%
Price spread now: dYdX against 01 Exchange−0.035%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 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Funding pays, the price is against you. dYdX is 0.035% cheaper against 01 Exchange than usual: you would sell low and buy high (spread −0.035% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 8 hours of funding at the current rate (+$11 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
Long01 Exchange XPLUSD0.09634−0.0360get 0.0045% / 1h15m 13s$560$7085x
ShortdYdX XPL-USD0.096310get 0.0000% / 1h15m 13s$9K$5855x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

dYdX 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
$75.6
Price spread: −0.035% → 0.000%
−$3.46
Slippage, 4 orders
no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Fee dYdX: 5 bp × 2 orders
−$10
Net
$55.14
Costs to cover
0.170%
Break-even
1.9 days
Slippage unknown: 01 Exchange: no order-book sample; dYdX: 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 01 Exchange no order-book sample
Sell dYdX no order-book sample
01 Exchange and dYdX: 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
01 Exchange XPLUSDlong−0.0360%1h0.09634long leg$560$7085x
GMX XPL/USD [WBTC.b-USDC]L −0.0317% / S +0.0618%1h0.09635+0.013%$106K100xas long as short
Deribit XPL_USDC-PERPETUAL−0.0165%1h0.09631−0.031%$46K$18K25xas long as short
Bybit XPLUSDT−0.0087%4h0.09626−0.083%$45.6M$54.7M75xas long as short
Backpack XPL_USDC_PERP−0.0058%1h0.09629−0.052%$178K$223K10xas long as short
dYdX XPL-USDshort0.0000%1h0.09631−0.035%$9K$5855x
Reya XPLRUSDPERP0.0000%1h0.07571−21.416%as long as short
gTrade (Gains Network) XPL/USDL +0.0005% / S −0.0004%1h0.09635+0.015%$73K150xas long as short
Orderly PERP_XPL_USDC+0.0016%4h0.09627−0.073%$29K$339K10xas long as short
Paradex XPL-USD-PERP+0.0082%8h0.09631−0.027%$13K$2K5xas long as short
Show all 36 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter XPL+0.0096%1h0.09622−0.125%$4.4M$3.3M10xas long as short
Gate XPL_USDT+0.0096%4h0.09636+0.021%$3.0M$3.6M75xas long as short
Nado XPL-PERP+0.0100%1h0.09630−0.047%$1.2M$2.6M10xas long as short
Hyperliquid XPL+0.0100%1h0.09652+0.184%$60.9M$46.7M10xas long as short
Aster XPLUSDT+0.0100%4h0.09643+0.092%$251K$469K20xas long as short
Pacifica XPL+0.0100%1h0.09638+0.040%$220K$46K10xas long as short
Binance XPLUSDT+0.0100%4h0.09629−0.055%$43.7M$103.0M75xas long as short
OKX XPL-USDT-SWAP+0.0100%4h0.09627−0.073%$8.3M$49.3M50xas long as short
MEXC XPL_USDT+0.0100%4h0.09630−0.042%$12.3M$7.8M100xas long as short
KuCoin XPLUSDTM+0.0100%4h0.09629−0.052%$2.3M$1.4M50xas long as short
Bitget XPLUSDT+0.0100%4h0.09636+0.021%$8.7M$10.1M75xas long as short
BingX XPL-USDT+0.0100%4h0.09630−0.042%$7.9Mas long as short
Variational Omni XPL+0.0100%4h0.09622−0.126%$1.7M$1.9Mas long as short
GRVT XPL_USDT_Perp+0.0100%4h0.09631−0.029%$267K$997K10xas long as short
ApeX Omni XPLUSDT+0.0100%1h0.09640+0.062%$25K$78K50xas long as short
Polymarket Perps XPL-USD+0.0100%1h0.09646+0.129%$124K$2.0M10xas long as short
SunX XPL-USDT+0.0100%4h0.09610−0.249%$3K$1.8M20xas long as short
SoDEX XPL-USD+0.0100%1h0.09620−0.145%$201$12K10xas long as short
HTX XPL-USDT+0.0100%4h0.09599−0.363%$140K$206K20xas long as short
Bulk XPL-USD+0.0100%1h0.09630−0.042%$140K$5K10xas long as short
Extended XPL-USD+0.0104%1h0.09627−0.076%$653K$1.1M25xas long as short
Aevo XPL-PERP+0.0104%1h0.09630−0.042%$29K$18K3xas long as short
Phoenix XPL+0.0334%1h0.09627−0.073%$195K$617K10xas long as short
BloFin XPL-USDT+0.0340%4h0.09629−0.052%$1.7M$984K75xas long as short
Coinbase International XPL-PERP-INTX+0.0616%1h0.09676+0.436%$75K$87K50xas long as short
Kraken Futures PF_XPLUSD+0.3300%1h0.09668+0.350%$548K$975K10xas long as short