Funding arb · Price arb /

XPL

all XPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRnext payment −$0.00 per $10,000 · paid last 24h +0.001%

Price spread now: Nado against ApeX Omni−0.083%119s7-day average — · you buy dearer than you sell

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

Long on ApeX Omni Short on Nado

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—+ 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 0.083% cheaper against ApeX Omni than usual: you would sell low and buy high, −$8 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 119 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni XPLUSDT	0.09630	0.0100	pay 0.0013% / 1h	49m 17s	$25K	$77K	50x
Short	Nado XPL-PERP	0.09622	0.0100	get 0.0012% / 1h	49m 17s	$1.2M	$2.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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

Position, each leg$Hold fordaysFee ApeX OmnibpFee NadobpOrdersPrice spread, now −0.083%Rate

Funding earned: $0
Price spread: −0.083% → 0.000%: −$8.31
Slippage, 4 orders: no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$25.31
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: ApeX Omni: no order-book sample; Nado: 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 ApeX Omni no order-book sample	—	—	—	—	—
Sell Nado live order book, 4 min ago	1.56 bp	9.4 bp −$9	20.2 bp −$202	doesn't fit	doesn't fit

ApeX Omni: 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	−0.0824%	1h	0.09608	−0.228%	$4.3M	$3.1M	10x	as long as short
01 Exchange XPLUSD	−0.0432%	1h	0.09621	−0.093%	$559	$708	5x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0313% / S +0.0615%	1h	0.09627	−0.033%	$106K	—	100x	as long as short
Deribit XPL_USDC-PERPETUAL	−0.0269%	1h	0.09621	−0.093%	$46K	$18K	25x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09627	−0.030%	$9K	$600	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−21.383%	—	—	—	as long as short
Orderly PERP_XPL_USDC	+0.0002%	4h	0.09618	−0.125%	$30K	$280K	10x	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09628	−0.024%	$73K	—	150x	as long as short
Backpack XPL_USDC_PERP	+0.0028%	1h	0.09627	−0.031%	$178K	$189K	10x	as long as short
Paradex XPL-USD-PERP	+0.0051%	8h	0.09614	−0.168%	$12K	$696	5x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado XPL-PERPshort	+0.0100%	1h	0.09622	−0.083%	$1.2M	$2.2M	10x
Hyperliquid XPL	+0.0100%	1h	0.09633	+0.029%	$60.9M	$46.3M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09628	−0.022%	$254K	$415K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09624	−0.067%	$220K	$46K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09620	−0.104%	$43.6M	$97.4M	75x	as long as short
Bybit XPLUSDT	+0.0100%	4h	0.09623	−0.073%	$45.6M	$52.9M	75x	as long as short
OKX XPL-USDT-SWAP	+0.0100%	4h	0.09623	−0.073%	$8.0M	$47.9M	50x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09620	−0.104%	$140K	$0	10x	as long as short
Gate XPL_USDT	+0.0100%	4h	0.09620	−0.104%	$3.0M	$3.3M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09621	−0.093%	$12.6M	$6.8M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09618	−0.125%	$2.3M	$1.3M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09632	+0.021%	$8.9M	$9.5M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09624	−0.062%	—	$7.8M	—	as long as short
Variational Omni XPL	+0.0100%	4h	0.09621	−0.094%	$1.7M	$1.9M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09627	−0.033%	$263K	$1.2M	10x	as long as short
ApeX Omni XPLUSDTlong	+0.0100%	1h	0.09630	long leg	$25K	$77K	50x
Polymarket Perps XPL-USD	+0.0100%	1h	0.09628	−0.018%	$126K	$1.8M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09600	−0.312%	$3K	$1.6M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09620	−0.104%	$198	$9K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09612	−0.187%	$133K	$215K	20x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09617	−0.138%	$606K	$1.2M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09615	−0.159%	$29K	$18K	3x	as long as short
Phoenix XPL	+0.0248%	1h	0.09625	−0.052%	$195K	$506K	10x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09615	−0.156%	$1.7M	$938K	75x	as long as short
Coinbase International XPL-PERP-INTX	+0.0664%	1h	0.09718	+0.914%	$66K	$92K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.2835%	1h	0.09656	+0.272%	$548K	$954K	10x	as long as short