Funding arb · Price arb /

XPL

all XPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.010%

Price spread now: ApeX Omni against Bybit−0.021%49s7-day average — · you buy dearer than you sell

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

Long on Bybit Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.111%+$11 on $10k

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

Together, before fees—needs both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: ApeX Omni is 0.021% cheaper against Bybit than usual: you would sell low and buy high, −$2 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit XPLUSDT	0.09542	0.0100	pay 0.0050% / 4h	2h 30m	$45.2M	$54.2M	75x
Short	ApeX Omni XPLUSDT	0.09540	0.0100	get 0.0013% / 1h	30m 42s	$25K	$77K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Bybit. 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 BybitbpFee ApeX OmnibpOrdersPrice spread, now −0.021%Rate

Funding earned: $0
Price spread: −0.021% → 0.000%: −$2.1
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$23.1
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 3 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 Bybit live order book, 3 min ago	0.52 bp	13.8 bp −$14	41.8 bp −$418	doesn't fit	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
Deribit XPL_USDC-PERPETUAL	−0.0274%	1h	0.09531	−0.115%	$46K	$18K	25x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0234% / S +0.0570%	1h	0.09535	−0.077%	$105K	—	100x	as long as short
01 Exchange XPLUSD	−0.0224%	1h	0.09544	+0.021%	$555	$708	5x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09549	+0.073%	$9K	$600	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−20.658%	—	—	—	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09535	−0.070%	$72K	—	150x	as long as short
Orderly PERP_XPL_USDC	+0.0015%	4h	0.09528	−0.147%	$29K	$320K	10x	as long as short
Lighter XPL	+0.0032%	1h	0.09536	−0.063%	$4.3M	$3.0M	10x	as long as short
Paradex XPL-USD-PERP	+0.0067%	8h	0.09542	0.000%	$12K	$696	5x	as long as short
Nado XPL-PERP	+0.0100%	1h	0.09532	−0.100%	$1.2M	$2.4M	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid XPL	+0.0100%	1h	0.09556	+0.148%	$60.4M	$46.5M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09550	+0.084%	$251K	$429K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09549	+0.071%	$218K	$47K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09547	+0.049%	$43.3M	$100.2M	75x	as long as short
Bybit XPLUSDTlong	+0.0100%	4h	0.09542	long leg	$45.2M	$54.2M	75x
OKX XPL-USDT-SWAP	+0.0100%	4h	0.09543	+0.010%	$8.1M	$48.1M	50x	as long as short
Gate XPL_USDT	+0.0100%	4h	0.09542	0.000%	$3.0M	$3.4M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09544	+0.021%	$12.3M	$6.9M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09540	−0.021%	$2.3M	$1.4M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09552	+0.105%	$9.1M	$9.7M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09545	+0.031%	—	$7.8M	—	as long as short
Backpack XPL_USDC_PERP	+0.0100%	1h	0.09540	−0.021%	$173K	$190K	10x	as long as short
Variational Omni XPL	+0.0100%	4h	0.09525	−0.178%	$1.7M	$1.9M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09546	+0.038%	$262K	$1.1M	10x	as long as short
ApeX Omni XPLUSDTshort	+0.0100%	1h	0.09540	−0.021%	$25K	$77K	50x
Polymarket Perps XPL-USD	+0.0100%	1h	0.09541	−0.016%	$125K	$2.0M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09510	−0.335%	$3K	$1.7M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09530	−0.126%	$201	$12K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09555	+0.136%	$139K	$186K	20x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09540	−0.021%	$139K	$0	10x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09541	−0.011%	$601K	$1.2M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09536	−0.067%	$28K	$18K	3x	as long as short
Phoenix XPL	+0.0251%	1h	0.09544	+0.021%	$193K	$536K	10x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09533	−0.094%	$1.7M	$941K	75x	as long as short
Coinbase International XPL-PERP-INTX	+0.0592%	1h	0.09581	+0.409%	$67K	$89K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.2906%	1h	0.09566	+0.253%	$544K	$989K	10x	as long as short