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

XPL

all XPL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC−0.0100%/8h= −10.9% APRnext payment $0.13 per $10,000 · paid last 24h −0.030%
Price spread now: dYdX against Bulk+0.655%7-day average · you sell dearer than you buy
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 3 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 pays, funding is against you. dYdX is 0.655% dearer against Bulk than usual: you sell high and buy low (spread +0.655% now, against zero (this spread has no 7-day history yet)): +$66 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 22 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBulk XPL-USD0.097650.0100pay 0.0013% / 1h35m 24s$142K$2K10x
ShortdYdX XPL-USD0.098290get 0.0000% / 1h35m 24s$8K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

dYdX against Bulk. 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: +0.655% → 0.000%
$65.53
Slippage, 4 orders
no order book: not counted
Fee Bulk: 3.5 bp × 2 orders
−$7
Fee dYdX: 5 bp × 2 orders
−$10
Net
$27.53
Costs to cover
0.170%
Break-even
from the start
Slippage unknown: Bulk: live order book, 38 min ago; 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 Bulk live order book, 38 min ago5.15 bp8.7 bp −$914.8 bp −$14845.9 bp −$4,591doesn't fit
Sell dYdX no order-book sample
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
Backpack XPL_USDC_PERP−0.0167%1h0.09831+0.674%$182K$282K10xas long as short
GMX XPL/USD [WBTC.b-USDC]L −0.0162% / S +0.0539%1h0.09833+0.695%$113K100xas long as short
01 Exchange XPLUSD−0.0144%1h0.09839+0.756%$572$7085xas long as short
Lighter XPL−0.0112%1h0.09827+0.633%$4.4M$4.2M10xas long as short
dYdX XPL-USDshort0.0000%1h0.09829+0.655%$8K5x
Reya XPLRUSDPERP0.0000%1h0.07570−22.475%as long as short
Deribit XPL_USDC-PERPETUAL0.0000%1h0.09835+0.715%$47K$18K25xas long as short
gTrade (Gains Network) XPL/USDL +0.0005% / S −0.0003%1h0.09832+0.688%$77K150xas long as short
Orderly PERP_XPL_USDC+0.0030%4h0.09830+0.663%$30K$335K10xas long as short
Paradex XPL-USD-PERP+0.0041%8h0.09835+0.713%$13K$2K5xas long as short
Show all 36 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Nado XPL-PERP+0.0100%1h0.09838+0.750%$1.4M$2.6M10xas long as short
Aster XPLUSDT+0.0100%4h0.09844+0.807%$254K$533K20xas long as short
Pacifica XPL+0.0100%1h0.09839+0.757%$224K$46K10xas long as short
Binance XPLUSDT+0.0100%4h0.09833+0.694%$44.9M$108.7M75xas long as short
Bybit XPLUSDT+0.0100%4h0.09830+0.663%$47.6M$55.7M75xas long as short
OKX XPL-USDT-SWAP+0.0100%4h0.09829+0.653%$8.7M$55.6M50xas long as short
Bulk XPL-USDlong+0.0100%1h0.09765long leg$142K$2K10x
Gate XPL_USDT+0.0100%4h0.09834+0.704%$3.1M$4.0M75xas long as short
MEXC XPL_USDT+0.0100%4h0.09834+0.704%$12.9M$7.6M100xas long as short
KuCoin XPLUSDTM+0.0100%4h0.09834+0.704%$2.4M$1.5M50xas long as short
Bitget XPLUSDT+0.0100%4h0.09838+0.745%$8.7M$11.1M75xas long as short
BingX XPL-USDT+0.0100%4h0.09832+0.684%$7.9Mas long as short
Variational Omni XPL+0.0100%4h0.09825+0.612%$1.7M$1.9Mas long as short
GRVT XPL_USDT_Perp+0.0100%4h0.09768+0.026%$258K$840K10xas long as short
ApeX Omni XPLUSDT+0.0100%1h0.09820+0.561%$25K$87K50xas long as short
Polymarket Perps XPL-USD+0.0100%1h0.09843+0.799%$132K$2.7M10xas long as short
SunX XPL-USDT+0.0100%4h0.09820+0.561%$3K$2.0M20xas long as short
SoDEX XPL-USD+0.0100%1h0.09830+0.663%$198$10K10xas long as short
HTX XPL-USDT+0.0100%4h0.09790+0.254%$142K$242K20xas long as short
Extended XPL-USD+0.0104%1h0.09830+0.663%$665K$1.1M25xas long as short
Aevo XPL-PERP+0.0104%1h0.09831+0.668%$29K$18K3xas long as short
Hyperliquid XPL+0.0130%1h0.09854+0.910%$63.7M$47.1M10xas long as short
Phoenix XPL+0.0163%1h0.09823+0.592%$199K$655K10xas long as short
BloFin XPL-USDT+0.0340%4h0.09802+0.377%$1.8M$1.2M75xas long as short
Coinbase International XPL-PERP-INTX+0.0376%1h0.09824+0.602%$73K$95K50xas long as short
Kraken Futures PF_XPLUSD+0.5040%1h0.09871+1.083%$572K$1.0M10xas long as short