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

XPL

all XPL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC−0.0468%/8h= −51.2% APRnext payment $0.58 per $10,000 · paid last 24h −0.053%
Price spread now: 01 Exchange against Bulk+0.021%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 4 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. 01 Exchange is 0.021% dearer against Bulk than usual: you sell high and buy low (spread +0.021% now, against zero (this spread has no 7-day history yet)): +$2 on $10k if it goes back. Holding the pair costs −$14 a day in funding at the current rate, which eats that in about 4 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBulk XPL-USD0.096300.0100pay 0.0013% / 1h23m 27s$140K$5K10x
Short01 Exchange XPLUSD0.09632−0.0368pay 0.0046% / 1h23m 27s$560$7085x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

01 Exchange 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
−$98.28
Price spread: +0.021% → 0.000%
$2.08
Slippage, 4 orders
no order book: not counted
Fee Bulk: 3.5 bp × 2 orders
−$7
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Net
−$110.2
Costs to cover
0.140%
Break-even
never at this rate
Slippage unknown: Bulk: live order book, 35 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
LegHalf-spread$10k$100k$1M$5M
Buy Bulk live order book, 35 min ago5.22 bp8.7 bp −$915.9 bp −$15936.4 bp −$3,641131.8 bp −$65.9K
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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
01 Exchange XPLUSDshort−0.0368%1h0.09632+0.021%$560$7085x
GMX XPL/USD [WBTC.b-USDC]L −0.0310% / S +0.0614%1h0.09641+0.112%$106K100xas long as short
Bybit XPLUSDT−0.0089%4h0.09634+0.042%$45.6M$54.7M75xas long as short
Deribit XPL_USDC-PERPETUAL−0.0061%1h0.09642+0.125%$46K$18K25xas long as short
dYdX XPL-USD0.0000%1h0.09641+0.112%$9K$5855xas long as short
Reya XPLRUSDPERP0.0000%1h0.07571−21.385%as long as short
gTrade (Gains Network) XPL/USDL +0.0005% / S −0.0004%1h0.09642+0.120%$73K150xas long as short
Orderly PERP_XPL_USDC+0.0013%4h0.09638+0.083%$29K$339K10xas long as short
Backpack XPL_USDC_PERP+0.0029%1h0.09643+0.135%$178K$223K10xas long as short
Paradex XPL-USD-PERP+0.0080%8h0.09632+0.024%$13K$2K5xas long as short
Show all 36 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter XPL+0.0096%1h0.09623−0.073%$4.4M$3.3M10xas long as short
Nado XPL-PERP+0.0100%1h0.09632+0.023%$1.2M$2.6M10xas long as short
Hyperliquid XPL+0.0100%1h0.09653+0.236%$60.9M$46.7M10xas long as short
Aster XPLUSDT+0.0100%4h0.09640+0.106%$242K$469K20xas long as short
Pacifica XPL+0.0100%1h0.09638+0.086%$220K$46K10xas long as short
Binance XPLUSDT+0.0100%4h0.09635+0.052%$43.8M$103.4M75xas long as short
OKX XPL-USDT-SWAP+0.0100%4h0.09638+0.083%$8.3M$49.5M50xas long as short
Gate XPL_USDT+0.0100%4h0.09636+0.062%$3.0M$3.6M75xas long as short
MEXC XPL_USDT+0.0100%4h0.09635+0.052%$12.3M$7.7M100xas long as short
KuCoin XPLUSDTM+0.0100%4h0.09634+0.042%$2.3M$1.4M50xas long as short
Bitget XPLUSDT+0.0100%4h0.09641+0.114%$8.6M$10.1M75xas long as short
BingX XPL-USDT+0.0100%4h0.09637+0.073%$7.9Mas long as short
Variational Omni XPL+0.0100%4h0.09615−0.159%$1.7M$1.9Mas long as short
GRVT XPL_USDT_Perp+0.0100%4h0.09612−0.192%$252K$983K10xas long as short
ApeX Omni XPLUSDT+0.0100%1h0.09640+0.104%$25K$78K50xas long as short
Polymarket Perps XPL-USD+0.0100%1h0.09646+0.163%$124K$2.0M10xas long as short
SunX XPL-USDT+0.0100%4h0.09610−0.208%$3K$1.8M20xas long as short
SoDEX XPL-USD+0.0100%1h0.09640+0.104%$197$12K10xas long as short
HTX XPL-USDT+0.0100%4h0.09645+0.156%$141K$206K20xas long as short
Bulk XPL-USDlong+0.0100%1h0.09630long leg$140K$5K10x
Extended XPL-USD+0.0104%1h0.09631+0.015%$653K$1.1M25xas long as short
Aevo XPL-PERP+0.0104%1h0.09640+0.104%$29K$18K3xas long as short
Phoenix XPL+0.0334%1h0.09626−0.042%$195K$617K10xas long as short
BloFin XPL-USDT+0.0340%4h0.09643+0.135%$1.7M$994K75xas long as short
Coinbase International XPL-PERP-INTX+0.0616%1h0.09676+0.478%$75K$87K50xas long as short
Kraken Futures PF_XPLUSD+0.3295%1h0.09681+0.527%$549K$975K10xas long as short