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

XPL

all XPL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 09:00 UTC+0.0015%/8h= +1.7% APRnext payment +$0.02 per $10,000 · paid last 24h +0.047%
Price spread now: ApeX Omni against Backpack−0.063%84s7-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 7 days−0.020%−$2 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Funding pays, the price is against you. ApeX Omni is 0.063% cheaper against Backpack than usual: you would sell low and buy high (spread −0.063% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 14 days of funding at the current rate ($0 a day). The two prices were read 84 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBackpack XPL_USDC_PERP0.095460.0085pay 0.0011% / 1h51m 36s$179K$180K10x
ShortApeX Omni XPLUSDT0.095400.0100get 0.0013% / 1h51m 36s$25K$75K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against Backpack. 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
$3.17
Price spread: −0.063% → 0.000%
−$6.29
Slippage, 4 orders
no order book: not counted
Fee Backpack: 5 bp × 2 orders
−$10
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$23.12
Costs to cover
0.200%
Break-even
58.1 days
Slippage unknown: Backpack: live order book, 46 min ago; ApeX Omni: 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 Backpack live order book, 46 min ago0.52 bp10.5 bp −$11doesn't fitdoesn't fitdoesn't fit
Sell ApeX Omni no order-book sample
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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter XPL−0.1360%1h0.09532−0.147%$4.3M$3.1M10xas long as short
Deribit XPL_USDC-PERPETUAL−0.0483%1h0.09541−0.052%$46K$18K25xas long as short
01 Exchange XPLUSD−0.0408%1h0.09553+0.073%$555$8735xas long as short
Bybit XPLUSDT−0.0245%4h0.09545−0.010%$45.4M$53.9M75xas long as short
GMX XPL/USD [WBTC.b-USDC]L −0.0234% / S +0.0570%1h0.09552+0.065%$105K100xas long as short
Paradex XPL-USD-PERP−0.0070%8h0.095460.000%$12K$6965xas long as short
Orderly PERP_XPL_USDC−0.0026%4h0.09537−0.094%$30K$277K10xas long as short
dYdX XPL-USD0.0000%1h0.09549+0.031%$9K$6005xas long as short
Reya XPLRUSDPERP0.0000%1h0.07571−20.692%as long as short
OKX XPL-USDT-SWAP+0.0001%4h0.09543−0.031%$7.7M$47.6M50xas long as short
Show all 36 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) XPL/USDL +0.0005% / S −0.0004%1h0.09559+0.140%$72K150xas long as short
Backpack XPL_USDC_PERPlong+0.0085%1h0.09546long leg$179K$180K10x
Gate XPL_USDT+0.0094%4h0.09540−0.063%$2.9M$3.3M75xas long as short
Nado XPL-PERP+0.0100%1h0.09549+0.031%$1.3M$2.2M10xas long as short
Aster XPLUSDT+0.0100%4h0.09553+0.069%$252K$404K20xas long as short
Pacifica XPL+0.0100%1h0.09553+0.071%$218K$46K10xas long as short
Binance XPLUSDT+0.0100%4h0.09548+0.021%$43.3M$97.8M75xas long as short
Bulk XPL-USD+0.0100%1h0.09555+0.094%$139K$010xas long as short
MEXC XPL_USDT+0.0100%4h0.09544−0.021%$12.4M$6.5M100xas long as short
KuCoin XPLUSDTM+0.0100%4h0.09543−0.031%$2.3M$1.2M50xas long as short
Bitget XPLUSDT+0.0100%4h0.09561+0.157%$9.0M$9.8M75xas long as short
BingX XPL-USDT+0.0100%4h0.09553+0.073%$7.8Mas long as short
Variational Omni XPL+0.0100%4h0.09555+0.093%$1.7M$1.9Mas long as short
GRVT XPL_USDT_Perp+0.0100%4h0.09563+0.175%$256K$1.3M10xas long as short
ApeX Omni XPLUSDTshort+0.0100%1h0.09540−0.063%$25K$75K50x
Polymarket Perps XPL-USD+0.0100%1h0.09560+0.147%$125K$1.7M10xas long as short
SunX XPL-USDT+0.0100%4h0.09520−0.272%$3K$1.6M20xas long as short
SoDEX XPL-USD+0.0100%1h0.09530−0.168%$194$9K10xas long as short
HTX XPL-USDT+0.0100%4h0.095460.000%$132K$210K20xas long as short
Extended XPL-USD+0.0104%1h0.09550+0.043%$595K$1.1M25xas long as short
Aevo XPL-PERP+0.0104%1h0.09537−0.098%$28K$18K3xas long as short
Hyperliquid XPL+0.0104%1h0.09557+0.115%$60.4M$46.0M10xas long as short
Phoenix XPL+0.0251%1h0.09566+0.210%$194K$494K10xas long as short
BloFin XPL-USDT+0.0340%4h0.09556+0.105%$1.7M$929K75xas long as short
Coinbase International XPL-PERP-INTX+0.0536%1h0.09596+0.524%$64K$92K50xas long as short
Kraken Futures PF_XPLUSD+0.2708%1h0.09577+0.327%$543K$943K10xas long as short