Funding arb · Price arb /

XPL

all XPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0811%/8h= +88.8% APRpaid last 24h +0.068%

Price spread now: Paradex against 01 Exchange−0.015%55s7-day average — · you buy dearer than you sell

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

Long on 01 Exchange Short on Paradex

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 airdropParadex: Active · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$24 a day on $10k at the current rate. The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange XPLUSD	0.09310	−0.0920	get 0.0115% / 1h	27m 45s	$541	$873	5x
Short	Paradex XPL-USD-PERP	0.09309	−0.0109	pay 0.0109% / 8h	5h 27m	$12K	$696	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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

Position, each leg$Hold fordaysFee 01 ExchangebpFee ParadexbpOrdersPrice spread, now −0.015%Rate

Funding earned: $170.31
Price spread: −0.015% → 0.000%: −$1.49
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Paradex: 2 bp × 2 orders: −$4
Net: $157.82
Costs to cover: 0.110%
Break-even: 0.5 days

Slippage unknown: 01 Exchange: no order-book sample; Paradex: 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 01 Exchange no order-book sample	—	—	—	—	—
Sell Paradex no order-book sample	—	—	—	—	—

01 Exchange and Paradex: 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 exchanges

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 XPLUSDlong	−0.0920%	1h	0.09310	long leg	$541	$873	5x
GMX XPL/USD [WBTC.b-USDC]	L −0.0450% / S +0.0696%	1h	0.09307	−0.035%	$103K	—	100x	as long as short
Lighter XPL	−0.0408%	1h	0.09307	−0.032%	$4.2M	$3.1M	10x	as long as short
Deribit XPL_USDC-PERPETUAL	−0.0394%	1h	0.09314	+0.043%	$46K	$18K	25x	as long as short
Bybit XPLUSDT	−0.0354%	4h	0.09311	+0.011%	$43.6M	$54.8M	75x	as long as short
Orderly PERP_XPL_USDC	−0.0115%	4h	0.09309	−0.011%	$29K	$139K	10x	as long as short
Backpack XPL_USDC_PERP	−0.0109%	1h	0.09323	+0.140%	$186K	$175K	10x	as long as short
Paradex XPL-USD-PERPshort	−0.0109%	8h	0.09309	−0.015%	$12K	$696	5x
Extended XPL-USD	−0.0096%	1h	0.09314	+0.042%	$589K	$1.2M	25x	as long as short
Binance XPLUSDT	−0.0072%	4h	0.09313	+0.028%	$42.6M	$98.7M	75x	as long as short

Show all 36 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC XPL_USDT	−0.0070%	4h	0.09312	+0.021%	$12.6M	$6.6M	100x	as long as short
OKX XPL-USDT-SWAP	−0.0017%	4h	0.09313	+0.032%	$7.1M	$47.6M	50x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−18.682%	—	—	—	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09319	+0.100%	$70K	—	150x	as long as short
Gate XPL_USDT	+0.0036%	4h	0.09317	+0.075%	$2.8M	$3.3M	75x	as long as short
Aevo XPL-PERP	+0.0064%	1h	0.09305	−0.054%	$28K	$18K	3x	as long as short
Nado XPL-PERP	+0.0100%	1h	0.09323	+0.140%	$1.2M	$2.3M	10x	as long as short
Hyperliquid XPL	+0.0100%	1h	0.09323	+0.144%	$57.8M	$43.7M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09317	+0.075%	$241K	$385K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09323	+0.139%	$207K	$52K	10x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09380	+0.747%	$137K	$5K	10x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09320	+0.107%	$2.3M	$1.5M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09325	+0.161%	$8.7M	$10.2M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09315	+0.054%	—	$7.7M	—	as long as short
Variational Omni XPL	+0.0100%	4h	0.09346	+0.390%	$1.8M	$2.0M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09331	+0.230%	$247K	$1.3M	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09360	+0.537%	$24K	$67K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09320	+0.111%	$58K	$1.3M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09300	−0.107%	$2K	$1.5M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09310	0.000%	$176	$9K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09351	+0.440%	$132K	$217K	20x	as long as short
dYdX XPL-USD	+0.0122%	1h	0.09318	+0.084%	$9K	$1K	5x	as long as short
BloFin XPL-USDT	+0.0172%	4h	0.09306	−0.043%	$1.7M	$850K	75x	as long as short
Phoenix XPL	+0.0252%	1h	0.09330	+0.215%	$189K	$435K	10x	as long as short
Coinbase International XPL-PERP-INTX	+0.0712%	1h	0.09363	+0.569%	$63K	$90K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.1370%	1h	0.09336	+0.280%	$550K	$1.0M	10x	as long as short