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

XPL

all XPL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0674%/8h= −73.8% APRnext payment $0.84 per $10,000 · paid last 24h −0.169%
Price spread now: GMX against Aevo+0.088%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
The price spread pays, funding is against you. GMX is 0.088% dearer against Aevo than usual: you sell high and buy low (spread +0.088% now, against zero (this spread has no 7-day history yet)): +$9 on $10k if it goes back. Holding the pair costs −$20 a day in funding at the current rate, which eats that in about 10 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAevo XPL-PERP0.095180.0104pay 0.0013% / 1h20m 58s$28K$18K3x
ShortGMX XPL/USD [WBTC.b-USDC]0.09526L −0.0234% / S +0.0570%pay 0.0071% / 1h20m 58s$105K100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GMX 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

Funding earned
−$141.46
Price spread: +0.088% → 0.000%
$8.83
Slippage, 4 orders
no order book: not counted
Fee Aevo: 8 bp × 2 orders
−$16
Fee GMX: 6 bp × 2 orders
−$12
Net
−$160.63
Costs to cover
0.280%
Break-even
never at this rate
Slippage unknown: Aevo: no order-book sample; GMX: 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 Aevo no order-book sample
Sell GMX no order-book sample
Aevo and GMX: 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
Lighter XPL−0.1464%1h0.09503−0.155%$4.3M$3.2M10xas long as short
01 Exchange XPLUSD−0.0520%1h0.09515−0.029%$553$8735xas long as short
Deribit XPL_USDC-PERPETUAL−0.0275%1h0.09521+0.034%$46K$18K25xas long as short
GMX XPL/USD [WBTC.b-USDC]shortL −0.0234% / S +0.0570%1h0.09526+0.088%$105K100x
Paradex XPL-USD-PERP−0.0041%8h0.09525+0.073%$12K$6965xas long as short
Orderly PERP_XPL_USDC−0.0026%4h0.09519+0.013%$30K$286K10xas long as short
Bybit XPLUSDT−0.0018%4h0.09523+0.055%$45.4M$54.0M75xas long as short
dYdX XPL-USD0.0000%1h0.09530+0.124%$9K$6005xas long as short
Reya XPLRUSDPERP0.0000%1h0.07571−20.457%as long as short
gTrade (Gains Network) XPL/USDL +0.0005% / S −0.0004%1h0.09528+0.103%$72K150xas long as short
Show all 36 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Extended XPL-USD+0.0056%1h0.09517−0.003%$598K$1.2M25xas long as short
OKX XPL-USDT-SWAP+0.0061%4h0.09521+0.034%$7.7M$47.6M50xas long as short
Nado XPL-PERP+0.0100%1h0.09524+0.065%$1.2M$2.2M10xas long as short
Hyperliquid XPL+0.0100%1h0.09529+0.115%$60.2M$46.0M10xas long as short
Aster XPLUSDT+0.0100%4h0.09532+0.145%$252K$419K20xas long as short
Pacifica XPL+0.0100%1h0.09536+0.187%$218K$46K10xas long as short
Binance XPLUSDT+0.0100%4h0.09523+0.055%$43.1M$97.9M75xas long as short
Bulk XPL-USD+0.0100%1h0.09548+0.319%$139K$010xas long as short
Gate XPL_USDT+0.0100%4h0.09521+0.034%$2.9M$3.4M75xas long as short
MEXC XPL_USDT+0.0100%4h0.09520+0.023%$12.4M$6.6M100xas long as short
KuCoin XPLUSDTM+0.0100%4h0.09517−0.008%$2.3M$1.2M50xas long as short
Bitget XPLUSDT+0.0100%4h0.09530+0.128%$9.0M$9.9M75xas long as short
BingX XPL-USDT+0.0100%4h0.09523+0.055%$7.8Mas long as short
Backpack XPL_USDC_PERP+0.0100%1h0.09526+0.086%$178K$189K10xas long as short
Variational Omni XPL+0.0100%4h0.09516−0.022%$1.7M$2.0Mas long as short
GRVT XPL_USDT_Perp+0.0100%4h0.09517−0.004%$253K$1.3M10xas long as short
ApeX Omni XPLUSDT+0.0100%1h0.09530+0.128%$25K$75K50xas long as short
Polymarket Perps XPL-USD+0.0100%1h0.09531+0.143%$125K$1.8M10xas long as short
SunX XPL-USDT+0.0100%4h0.09510−0.082%$2K$1.6M20xas long as short
SoDEX XPL-USD+0.0100%1h0.09520+0.023%$193$9K10xas long as short
HTX XPL-USDT+0.0100%4h0.09524+0.065%$131K$212K20xas long as short
Aevo XPL-PERPlong+0.0104%1h0.09518long leg$28K$18K3x
Phoenix XPL+0.0249%1h0.09543+0.265%$193K$495K10xas long as short
BloFin XPL-USDT+0.0340%4h0.09519+0.013%$1.7M$921K75xas long as short
Coinbase International XPL-PERP-INTX+0.0808%1h0.09620+1.074%$65K$92K50xas long as short
Kraken Futures PF_XPLUSD+0.2735%1h0.09593+0.787%$542K$937K10xas long as short