Funding arb · Price arb /

XPL

all XPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0240%/8h= −26.3% APRpaid last 24h −0.072%

Price spread now: ApeX Omni against BloFin−0.042%7-day average — · you buy dearer than you sell

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

Long on BloFin Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.438%−$44 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and ApeX Omni is 0.042% cheaper against BloFin than usual: you would sell low and buy high (−$4 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin XPL-USDT	0.09594	0.0340	pay 0.0170% / 4h	51m 00s	$1.7M	$929K	75x
Short	ApeX Omni XPLUSDT	0.09590	0.0100	get 0.0013% / 1h	51m 00s	$25K	$75K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against BloFin. 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 BloFinbpFee ApeX OmnibpOrdersPrice spread, now −0.042%Rate

Funding earned: −$50.4
Price spread: −0.042% → 0.000%: −$4.17
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$76.57
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: BloFin: live order book, 2 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy BloFin live order book, 2 min ago	0.52 bp	8.6 bp −$9	16.6 bp −$166	57.4 bp −$5,736	doesn'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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter XPL	−0.1400%	1h	0.09571	−0.240%	$4.3M	$3.1M	10x	as long as short
01 Exchange XPLUSD	−0.0488%	1h	0.09589	−0.052%	$558	$873	5x	as long as short
Deribit XPL_USDC-PERPETUAL	−0.0375%	1h	0.09589	−0.052%	$46K	$18K	25x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0313% / S +0.0615%	1h	0.09595	+0.009%	$106K	—	100x	as long as short
Orderly PERP_XPL_USDC	−0.0014%	4h	0.09585	−0.094%	$30K	$246K	10x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09608	+0.148%	$9K	$600	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−21.089%	—	—	—	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09599	+0.057%	$72K	—	150x	as long as short
Paradex XPL-USD-PERP	+0.0028%	8h	0.09599	+0.049%	$12K	$696	5x	as long as short
Bybit XPLUSDT	+0.0091%	4h	0.09582	−0.125%	$45.7M	$53.5M	75x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado XPL-PERP	+0.0100%	1h	0.09594	+0.005%	$1.2M	$2.2M	10x	as long as short
Hyperliquid XPL	+0.0100%	1h	0.09603	+0.099%	$60.7M	$46.0M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09596	+0.022%	$253K	$419K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09607	+0.131%	$220K	$46K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09585	−0.095%	$43.5M	$97.8M	75x	as long as short
OKX XPL-USDT-SWAP	+0.0100%	4h	0.09579	−0.156%	$7.8M	$47.7M	50x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09614	+0.209%	$140K	$0	10x	as long as short
Gate XPL_USDT	+0.0100%	4h	0.09588	−0.063%	$3.0M	$3.3M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09587	−0.073%	$12.5M	$6.5M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09584	−0.104%	$2.3M	$1.2M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09588	−0.063%	$9.0M	$9.9M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09585	−0.094%	—	$7.8M	—	as long as short
Backpack XPL_USDC_PERP	+0.0100%	1h	0.09591	−0.031%	$180K	$188K	10x	as long as short
Variational Omni XPL	+0.0100%	4h	0.09571	−0.243%	$1.7M	$2.0M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09591	−0.036%	$255K	$1.3M	10x	as long as short
ApeX Omni XPLUSDTshort	+0.0100%	1h	0.09590	−0.042%	$25K	$75K	50x
Polymarket Perps XPL-USD	+0.0100%	1h	0.09608	+0.148%	$126K	$1.8M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09580	−0.146%	$2K	$1.6M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09580	−0.146%	$197	$9K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09571	−0.240%	$132K	$213K	20x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09579	−0.157%	$604K	$1.2M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09585	−0.094%	$28K	$18K	3x	as long as short
Phoenix XPL	+0.0249%	1h	0.09595	+0.010%	$194K	$495K	10x	as long as short
BloFin XPL-USDTlong	+0.0340%	4h	0.09594	long leg	$1.7M	$929K	75x
Coinbase International XPL-PERP-INTX	+0.0808%	1h	0.09718	+1.292%	$66K	$92K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.2727%	1h	0.09620	+0.269%	$546K	$932K	10x	as long as short