Funding arb · Price arb /

XPL

all XPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0476%/8h= −52.1% APRpaid last 24h −0.121%

Price spread now: 01 Exchange against BloFin+0.395%7-day average — · you sell dearer than you buy

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

Long on BloFin Short on 01 Exchange

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—needs both histories

The price spread pays, funding is against you. 01 Exchange is 0.395% dearer against BloFin than usual: you sell high and buy low (spread +0.395% now, against zero (this spread has no 7-day history yet)): +$40 on $10k if it goes back. Holding the pair costs −$14 a day in funding at the current rate, which eats that in about 2.8 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin XPL-USDT	0.09873	0.0340	pay 0.0170% / 4h	3h 26m	$1.8M	$1.2M	75x
Short	01 Exchange XPLUSD	0.09912	−0.0136	pay 0.0017% / 1h	26m 15s	$576	$708	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now +0.395%Rate

Funding earned: −$99.96
Price spread: +0.395% → 0.000%: $39.5
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: −$79.46
Costs to cover: 0.190%
Break-even: from the start

Slippage unknown: BloFin: live order book, 1 min ago; 01 Exchange: 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, 1 min ago	2.02 bp	11.4 bp −$11	19.3 bp −$193	67.9 bp −$6,786	doesn't fit
Sell 01 Exchange no order-book sample	—	—	—	—	—

01 Exchange: 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
GMX XPL/USD [WBTC.b-USDC]	L −0.0166% / S +0.0542%	1h	0.09910	+0.371%	$114K	—	100x	as long as short
01 Exchange XPLUSDshort	−0.0136%	1h	0.09912	+0.395%	$576	$708	5x
Lighter XPL	0.0000%	1h	0.09891	+0.182%	$4.5M	$4.2M	10x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09889	+0.166%	$8K	—	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−23.321%	—	—	—	as long as short
Deribit XPL_USDC-PERPETUAL	0.0000%	1h	0.09912	+0.395%	$48K	$18K	25x	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0003%	1h	0.09910	+0.375%	$77K	—	150x	as long as short
Backpack XPL_USDC_PERP	+0.0025%	1h	0.09910	+0.375%	$185K	$270K	10x	as long as short
Orderly PERP_XPL_USDC	+0.0026%	4h	0.09908	+0.355%	$30K	$335K	10x	as long as short
Paradex XPL-USD-PERP	+0.0047%	8h	0.09894	+0.215%	$13K	$2K	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-PERP	+0.0100%	1h	0.09904	+0.319%	$1.5M	$2.6M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09914	+0.413%	$257K	$534K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09895	+0.223%	$225K	$46K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09901	+0.279%	$45.3M	$108.7M	75x	as long as short
Bybit XPLUSDT	+0.0100%	4h	0.09896	+0.233%	$48.1M	$55.9M	75x	as long as short
OKX XPL-USDT-SWAP	+0.0100%	4h	0.09896	+0.233%	$8.8M	$56.1M	50x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09880	+0.071%	$144K	$2K	10x	as long as short
Gate XPL_USDT	+0.0100%	4h	0.09908	+0.355%	$3.1M	$4.0M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09897	+0.243%	$13.2M	$7.7M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09900	+0.273%	$2.4M	$1.5M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09906	+0.334%	$8.8M	$11.1M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09894	+0.213%	—	$7.9M	—	as long as short
Variational Omni XPL	+0.0100%	4h	0.09903	+0.303%	$1.8M	$2.0M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09872	−0.013%	$261K	$840K	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09860	−0.132%	$25K	$89K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09920	+0.474%	$133K	$2.7M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09890	+0.172%	$3K	$2.0M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09900	+0.273%	$200	$10K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09845	−0.284%	$143K	$242K	20x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09905	+0.322%	$669K	$1.1M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09910	+0.380%	$29K	$18K	3x	as long as short
Phoenix XPL	+0.0163%	1h	0.09862	−0.111%	$200K	$655K	10x	as long as short
Hyperliquid XPL	+0.0234%	1h	0.09929	+0.566%	$64.3M	$47.3M	10x	as long as short
BloFin XPL-USDTlong	+0.0340%	4h	0.09873	long leg	$1.8M	$1.2M	75x
Coinbase International XPL-PERP-INTX	+0.0376%	1h	0.09918	+0.456%	$74K	$96K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.4999%	1h	0.09951	+0.794%	$575K	$1.0M	10x	as long as short