Funding arb · Price arb /

XPL

all XPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0146%/8h= +15.9% APRpaid last 24h +0.071%

Price spread now: BloFin against Aevo−0.042%7-day average — · you buy dearer than you sell

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

Long on Aevo Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 5 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. BloFin is 0.042% cheaper against Aevo than usual: you would sell low and buy high (spread −0.042% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 23 hours of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo XPL-PERP	0.09475	0.0072	pay 0.0009% / 1h	56m 50s	$28K	$18K	3x
Short	BloFin XPL-USDT	0.09471	0.0218	get 0.0109% / 4h	1h 56m	$1.7M	$827K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Aevo. 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 AevobpFee BloFinbpOrdersPrice spread, now −0.042%Rate

Funding earned: $30.57
Price spread: −0.042% → 0.000%: −$4.22
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$1.65
Costs to cover: 0.280%
Break-even: 7.4 days

Slippage unknown: Aevo: no order-book sample; BloFin: live order book, 4 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 Aevo no order-book sample	—	—	—	—	—
Sell BloFin live order book, 4 min ago	3.68 bp	12.0 bp −$12	22.6 bp −$226	79.7 bp −$7,968	doesn't fit

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 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
Lighter XPL	−0.0736%	1h	0.09472	−0.032%	$4.3M	$3.0M	10x	as long as short
01 Exchange XPLUSD	−0.0528%	1h	0.09465	−0.106%	$550	$873	5x	as long as short
Deribit XPL_USDC-PERPETUAL	−0.0488%	1h	0.09480	+0.053%	$47K	$18K	25x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0414% / S +0.0675%	1h	0.09486	+0.112%	$105K	—	100x	as long as short
Bybit XPLUSDT	−0.0251%	4h	0.09477	+0.021%	$44.8M	$51.8M	75x	as long as short
Extended XPL-USD	−0.0152%	1h	0.09473	−0.022%	$601K	$1.1M	25x	as long as short
Paradex XPL-USD-PERP	−0.0111%	8h	0.09476	+0.007%	$12K	$696	5x	as long as short
Orderly PERP_XPL_USDC	−0.0086%	4h	0.09475	0.000%	$30K	$185K	10x	as long as short
OKX XPL-USDT-SWAP	−0.0049%	4h	0.09481	+0.063%	$7.5M	$46.2M	50x	as long as short
Binance XPLUSDT	−0.0022%	4h	0.09473	−0.018%	$43.5M	$95.6M	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	−0.0020%	4h	0.09474	−0.011%	$13.4M	$6.3M	100x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09489	+0.149%	$9K	$600	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−20.099%	—	—	—	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09487	+0.124%	$72K	—	150x	as long as short
Gate XPL_USDT	+0.0022%	4h	0.09479	+0.042%	$2.9M	$3.2M	75x	as long as short
Backpack XPL_USDC_PERP	+0.0032%	1h	0.09484	+0.095%	$179K	$170K	10x	as long as short
Aevo XPL-PERPlong	+0.0072%	1h	0.09475	long leg	$28K	$18K	3x
Nado XPL-PERP	+0.0100%	1h	0.09476	+0.005%	$1.2M	$2.2M	10x	as long as short
Hyperliquid XPL	+0.0100%	1h	0.09493	+0.188%	$60.2M	$42.1M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09480	+0.053%	$253K	$360K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09485	+0.104%	$217K	$46K	10x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09487	+0.127%	$2.5M	$1.4M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09489	+0.148%	$8.9M	$9.9M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09476	+0.011%	—	$7.7M	—	as long as short
Variational Omni XPL	+0.0100%	4h	0.09489	+0.151%	$1.7M	$1.7M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09495	+0.212%	$253K	$1.3M	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09500	+0.264%	$25K	$68K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09484	+0.095%	$124K	$1.2M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09460	−0.158%	$3K	$1.5M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09480	+0.053%	$183	$9K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09487	+0.127%	$132K	$204K	20x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09497	+0.237%	$138K	$5K	10x	as long as short
Phoenix XPL	+0.0166%	1h	0.09514	+0.412%	$192K	$434K	10x	as long as short
BloFin XPL-USDTshort	+0.0218%	4h	0.09471	−0.042%	$1.7M	$827K	75x
Coinbase International XPL-PERP-INTX	+0.0712%	1h	0.09538	+0.665%	$64K	$91K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.1345%	1h	0.09513	+0.402%	$544K	$976K	10x	as long as short