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

XPL

all XPL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC−0.0004%/8h= −0.4% APRnext payment $0.01 per $10,000 · paid last 24h 0.000%
Price spread now: Nado against Aevo−0.235%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 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropNado: Active · farm boardneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Nado is 0.235% cheaper against Aevo than usual: you would sell low and buy high, −$24 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAevo XPL-PERP0.097150.0104pay 0.0013% / 1h43m 48s$29K$18K3x
ShortNado XPL-PERP0.096920.0100get 0.0012% / 1h43m 48s$1.2M$2.8M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Nado 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
−$0.84
Price spread: −0.235% → 0.000%
−$23.52
Slippage, 4 orders
no order book: not counted
Fee Aevo: 8 bp × 2 orders
−$16
Fee Nado: 3.5 bp × 2 orders
−$7
Net
−$47.36
Costs to cover
0.230%
Break-even
never at this rate
Slippage unknown: Aevo: no order-book sample; Nado: live order book, 5 min ago. 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 Nado live order book, 5 min ago0.52 bp7.0 bp −$719.4 bp −$194doesn't fitdoesn'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 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 XPLUSD−0.0232%1h0.09690−0.253%$563$7085xas long as short
GMX XPL/USD [WBTC.b-USDC]L −0.0188% / S +0.0555%1h0.09698−0.168%$111K100xas long as short
Backpack XPL_USDC_PERP−0.0114%1h0.09730+0.159%$180K$242K10xas long as short
Lighter XPL−0.0024%1h0.09713−0.016%$4.4M$4.2M10xas long as short
dYdX XPL-USD0.0000%1h0.09677−0.386%$8K5xas long as short
Reya XPLRUSDPERP0.0000%1h0.07571−22.068%as long as short
gTrade (Gains Network) XPL/USDL +0.0005% / S −0.0003%1h0.09704−0.110%$78K150xas long as short
Orderly PERP_XPL_USDC+0.0007%4h0.09708−0.068%$29K$335K10xas long as short
Paradex XPL-USD-PERP+0.0056%8h0.09682−0.337%$13K$2K5xas long as short
OKX XPL-USDT-SWAP+0.0057%4h0.09723+0.086%$8.5M$56.2M50xas long as short
Show all 36 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Deribit XPL_USDC-PERPETUAL+0.0059%1h0.09716+0.014%$47K$18K25xas long as short
Nado XPL-PERPshort+0.0100%1h0.09692−0.235%$1.2M$2.8M10x
Hyperliquid XPL+0.0100%1h0.09740+0.261%$63.1M$47.9M10xas long as short
Aster XPLUSDT+0.0100%4h0.09726+0.120%$247K$550K20xas long as short
Pacifica XPL+0.0100%1h0.09683−0.325%$220K$47K10xas long as short
Binance XPLUSDT+0.0100%4h0.09727+0.129%$44.3M$110.9M75xas long as short
Bybit XPLUSDT+0.0100%4h0.09722+0.076%$46.8M$58.2M75xas long as short
Gate XPL_USDT+0.0100%4h0.09721+0.066%$3.0M$3.8M75xas long as short
MEXC XPL_USDT+0.0100%4h0.09723+0.086%$12.9M$7.9M100xas long as short
KuCoin XPLUSDTM+0.0100%4h0.09716+0.014%$2.4M$1.5M50xas long as short
Bitget XPLUSDT+0.0100%4h0.09725+0.107%$8.6M$11.5M75xas long as short
BingX XPL-USDT+0.0100%4h0.09724+0.097%$8.0Mas long as short
Variational Omni XPL+0.0100%4h0.09678−0.377%$1.7M$1.9Mas long as short
GRVT XPL_USDT_Perp+0.0100%4h0.09719+0.043%$265K$858K10xas long as short
ApeX Omni XPLUSDT+0.0100%1h0.09720+0.056%$25K$90K50xas long as short
Polymarket Perps XPL-USD+0.0100%1h0.09702−0.128%$130K$2.7M10xas long as short
SunX XPL-USDT+0.0100%4h0.09670−0.459%$3K$2.0M20xas long as short
SoDEX XPL-USD+0.0100%1h0.09720+0.056%$203$11K10xas long as short
HTX XPL-USDT+0.0100%4h0.09676−0.397%$141K$255K20xas long as short
Bulk XPL-USD+0.0100%1h0.09710−0.044%$141K$7K10xas long as short
Extended XPL-USD+0.0104%1h0.09722+0.077%$655K$1.1M25xas long as short
Aevo XPL-PERPlong+0.0104%1h0.09715long leg$29K$18K3x
Phoenix XPL+0.0328%1h0.09693−0.222%$196K$657K10xas long as short
BloFin XPL-USDT+0.0340%4h0.09706−0.089%$1.8M$1.1M75xas long as short
Coinbase International XPL-PERP-INTX+0.0496%1h0.09692−0.233%$79K$102K50xas long as short
Kraken Futures PF_XPLUSD+0.4389%1h0.09745+0.315%$552K$1.0M10xas long as short