Funding arb · Price arb /

XPL

all XPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0492%/8h= +53.9% APRpaid last 24h +0.047%

Price spread now: SunX against 01 Exchange−0.103%7-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 SunX

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 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. SunX is 0.103% cheaper against 01 Exchange than usual: you would sell low and buy high (spread −0.103% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$10 on $10k: about 17 hours of funding at the current rate (+$15 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange XPLUSD	0.09710	−0.0392	get 0.0049% / 1h	18m 58s	$565	$708	5x
Short	SunX XPL-USDT	0.09700	0.0100	get 0.0050% / 4h	18m 58s	$2K	$2.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.103%Rate

Funding earned: $103.32
Price spread: −0.103% → 0.000%: −$10.3
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee SunX: 4 bp × 2 orders: −$8
Net: $78.02
Costs to cover: 0.150%
Break-even: 1.7 days

Slippage unknown: 01 Exchange: no order-book sample; SunX: live order book, 7 min ago. 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 SunX live order book, 7 min ago	36.14 bp	151.3 bp −$151	doesn't fit	doesn't fit	doesn'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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter XPL	−0.0496%	1h	0.09705	−0.051%	$4.4M	$4.2M	10x	as long as short
01 Exchange XPLUSDlong	−0.0392%	1h	0.09710	long leg	$565	$708	5x
GMX XPL/USD [WBTC.b-USDC]	L −0.0140% / S +0.0525%	1h	0.09726	+0.164%	$112K	—	100x	as long as short
Deribit XPL_USDC-PERPETUAL	−0.0058%	1h	0.09724	+0.144%	$47K	$18K	25x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09706	−0.039%	$8K	—	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07570	−22.036%	—	—	—	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0003%	1h	0.09723	+0.137%	$76K	—	150x	as long as short
Paradex XPL-USD-PERP	+0.0019%	8h	0.09704	−0.057%	$13K	$2K	5x	as long as short
Orderly PERP_XPL_USDC	+0.0048%	4h	0.09718	+0.082%	$29K	$335K	10x	as long as short
Gate XPL_USDT	+0.0056%	4h	0.09716	+0.062%	$3.0M	$4.0M	75x	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	0.09713	+0.031%	$1.4M	$2.6M	10x	as long as short
Hyperliquid XPL	+0.0100%	1h	0.09725	+0.158%	$62.7M	$48.1M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09723	+0.132%	$252K	$527K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09717	+0.067%	$221K	$46K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09709	−0.010%	$44.2M	$108.4M	75x	as long as short
Bybit XPLUSDT	+0.0100%	4h	0.09714	+0.041%	$47.1M	$55.5M	75x	as long as short
OKX XPL-USDT-SWAP	+0.0100%	4h	0.09712	+0.021%	$8.7M	$54.4M	50x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09711	+0.012%	$141K	$9K	10x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09712	+0.021%	$12.7M	$7.7M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09713	+0.031%	$2.4M	$1.5M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09721	+0.113%	$8.7M	$11.1M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09710	0.000%	—	$7.9M	—	as long as short
Backpack XPL_USDC_PERP	+0.0100%	1h	0.09720	+0.103%	$179K	$281K	10x	as long as short
Variational Omni XPL	+0.0100%	4h	0.09700	−0.101%	$1.6M	$1.9M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09701	−0.092%	$260K	$806K	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09710	0.000%	$25K	$88K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09729	+0.192%	$130K	$2.7M	10x	as long as short
SunX XPL-USDTshort	+0.0100%	4h	0.09700	−0.103%	$2K	$2.0M	20x
SoDEX XPL-USD	+0.0100%	1h	0.09720	+0.103%	$204	$10K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09700	−0.103%	$138K	$233K	20x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09712	+0.022%	$653K	$1.1M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09731	+0.211%	$38K	$5K	3x	as long as short
Phoenix XPL	+0.0327%	1h	0.09722	+0.124%	$197K	$651K	10x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09700	−0.103%	$1.7M	$1.2M	75x	as long as short
Coinbase International XPL-PERP-INTX	+0.0568%	1h	0.09825	+1.184%	$72K	$97K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.5111%	1h	0.09768	+0.595%	$563K	$1.0M	10x	as long as short