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

XPL

all XPL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC−0.0100%/8h= −10.9% APRnext payment $0.13 per $10,000 · paid last 24h −0.030%
Price spread now: dYdX against ApeX Omni−0.017%50s7-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 6 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 sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$3 a day on $10k at the current rate. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni XPLUSDT0.096300.0100pay 0.0013% / 1h50m 09s$25K$77K50x
ShortdYdX XPL-USD0.096280get 0.0000% / 1h50m 09s$9K$6005x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

dYdX against ApeX Omni. 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
−$21
Price spread: −0.017% → 0.000%
−$1.7
Slippage, 4 orders
no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee dYdX: 5 bp × 2 orders
−$10
Net
−$42.7
Costs to cover
0.200%
Break-even
never at this rate
Slippage unknown: ApeX Omni: no order-book sample; dYdX: 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 ApeX Omni no order-book sample
Sell dYdX no order-book sample
ApeX Omni and dYdX: 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−0.0568%1h0.09619−0.114%$4.3M$3.1M10xas long as short
01 Exchange XPLUSD−0.0456%1h0.09629−0.010%$560$7085xas long as short
GMX XPL/USD [WBTC.b-USDC]L −0.0313% / S +0.0615%1h0.09636+0.060%$106K100xas long as short
Deribit XPL_USDC-PERPETUAL−0.0269%1h0.09631+0.010%$46K$18K25xas long as short
Backpack XPL_USDC_PERP−0.0023%1h0.09636+0.062%$178K$190K10xas long as short
dYdX XPL-USDshort0.0000%1h0.09628−0.017%$9K$6005x
Reya XPLRUSDPERP0.0000%1h0.07571−21.383%as long as short
Orderly PERP_XPL_USDC+0.0002%4h0.09627−0.031%$30K$280K10xas long as short
gTrade (Gains Network) XPL/USDL +0.0005% / S −0.0004%1h0.09636+0.058%$73K150xas long as short
Paradex XPL-USD-PERP+0.0052%8h0.09628−0.023%$13K$6965xas long as short
Show all 36 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Nado XPL-PERP+0.0100%1h0.09622−0.083%$1.2M$2.2M10xas long as short
Hyperliquid XPL+0.0100%1h0.09645+0.161%$60.9M$46.3M10xas long as short
Aster XPLUSDT+0.0100%4h0.09636+0.066%$254K$415K20xas long as short
Pacifica XPL+0.0100%1h0.096300.000%$220K$46K10xas long as short
Binance XPLUSDT+0.0100%4h0.09627−0.035%$43.6M$97.4M75xas long as short
Bybit XPLUSDT+0.0100%4h0.09621−0.093%$45.6M$53.6M75xas long as short
OKX XPL-USDT-SWAP+0.0100%4h0.09619−0.114%$8.0M$48.1M50xas long as short
Bulk XPL-USD+0.0100%1h0.09620−0.104%$140K$010xas long as short
Gate XPL_USDT+0.0100%4h0.09631+0.010%$3.1M$3.3M75xas long as short
MEXC XPL_USDT+0.0100%4h0.09632+0.021%$12.6M$6.8M100xas long as short
KuCoin XPLUSDTM+0.0100%4h0.09623−0.073%$2.3M$1.3M50xas long as short
Bitget XPLUSDT+0.0100%4h0.09641+0.114%$8.9M$9.5M75xas long as short
BingX XPL-USDT+0.0100%4h0.09632+0.021%$7.8Mas long as short
Variational Omni XPL+0.0100%4h0.09621−0.094%$1.7M$1.9Mas long as short
GRVT XPL_USDT_Perp+0.0100%4h0.09624−0.059%$255K$1.2M10xas long as short
ApeX Omni XPLUSDTlong+0.0100%1h0.09630long leg$25K$77K50x
Polymarket Perps XPL-USD+0.0100%1h0.09640+0.105%$126K$1.8M10xas long as short
SunX XPL-USDT+0.0100%4h0.09610−0.208%$3K$1.6M20xas long as short
SoDEX XPL-USD+0.0100%1h0.096300.000%$202$9K10xas long as short
HTX XPL-USDT+0.0100%4h0.09612−0.187%$133K$215K20xas long as short
Extended XPL-USD+0.0104%1h0.09625−0.047%$606K$1.2M25xas long as short
Aevo XPL-PERP+0.0104%1h0.09625−0.055%$29K$18K3xas long as short
Phoenix XPL+0.0248%1h0.09625−0.052%$195K$506K10xas long as short
BloFin XPL-USDT+0.0340%4h0.09605−0.260%$1.7M$937K75xas long as short
Coinbase International XPL-PERP-INTX+0.0664%1h0.09718+0.914%$66K$92K50xas long as short
Kraken Futures PF_XPLUSD+0.2833%1h0.09663+0.348%$549K$954K10xas long as short