Funding arb · Price arb /

XPL

all XPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.010%

Price spread now: OKX against Bybit+0.031%7-day average +0.025% · you sell dearer than you buy

Net, funding: paid 7d − costs−$51as in the Funding arb table

Net, price: spread back to 7d avg − costs−$56as in the Price arb table

costs, in and out, $10k−$570.566% of the position

Long on Bybit Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.058%+$6 on $10k

Price spread, last 7 days−0.011%−$1 · spread now +0.031%, 7d avg +0.025%

Together, before fees+0.047%+$5 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit XPLUSDT	0.09551	0.0100	pay 0.0050% / 4h	2h 30m	$45.3M	$54.2M	75x
Short	OKX XPL-USDT-SWAP	0.09554	0.0100	get 0.0050% / 4h	2h 30m	$8.1M	$48.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.031%Rate

Funding earned: $0
Price spread: +0.031% → +0.025%: $0.69
Slippage, 4 orders: −$35.62
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee OKX: 5 bp × 2 orders: −$10
Net: −$55.93
Costs to cover: 0.566%
Break-even: never at this rate

Slippage from Bybit: live order book, 4 min ago; OKX: live order book, 3 min ago.

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, 4 min ago	0.52 bp	13.8 bp −$14	41.8 bp −$418	doesn't fit	doesn't fit
Sell OKX live order book, 3 min ago	0.52 bp	14.5 bp −$15	40.7 bp −$407	doesn't fit	doesn't fit

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	−0.209%	$46K	$18K	25x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0234% / S +0.0570%	1h	0.09558	+0.073%	$105K	—	100x	as long as short
01 Exchange XPLUSD	−0.0224%	1h	0.09544	−0.073%	$555	$708	5x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09549	−0.021%	$9K	$600	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−20.732%	—	—	—	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09556	+0.049%	$72K	—	150x	as long as short
Orderly PERP_XPL_USDC	+0.0015%	4h	0.09528	−0.241%	$29K	$320K	10x	as long as short
Lighter XPL	+0.0032%	1h	0.09536	−0.157%	$4.3M	$3.0M	10x	as long as short
Paradex XPL-USD-PERP	+0.0067%	8h	0.09542	−0.094%	$12K	$696	5x	as long as short
Nado XPL-PERP	+0.0100%	1h	0.09553	+0.021%	$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	0.09566	+0.157%	$60.5M	$46.5M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09560	+0.090%	$251K	$429K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09549	−0.023%	$218K	$47K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09551	+0.005%	$43.3M	$100.2M	75x	as long as short
Bybit XPLUSDTlong	+0.0100%	4h	0.09551	long leg	$45.3M	$54.2M	75x
OKX XPL-USDT-SWAPshort	+0.0100%	4h	0.09554	+0.031%	$8.1M	$48.2M	50x
Gate XPL_USDT	+0.0100%	4h	0.09550	−0.010%	$3.0M	$3.4M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09551	0.000%	$12.3M	$6.9M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09540	−0.115%	$2.3M	$1.4M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09560	+0.094%	$9.1M	$9.7M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09551	0.000%	—	$7.8M	—	as long as short
Backpack XPL_USDC_PERP	+0.0100%	1h	0.09540	−0.115%	$173K	$190K	10x	as long as short
Variational Omni XPL	+0.0100%	4h	0.09525	−0.272%	$1.7M	$1.9M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09546	−0.057%	$262K	$1.1M	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09540	−0.115%	$25K	$77K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09559	+0.084%	$125K	$2.0M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09510	−0.429%	$3K	$1.7M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09530	−0.220%	$201	$12K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09555	+0.042%	$139K	$186K	20x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09540	−0.115%	$139K	$0	10x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09541	−0.106%	$601K	$1.2M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09536	−0.161%	$28K	$18K	3x	as long as short
Phoenix XPL	+0.0251%	1h	0.09544	−0.073%	$193K	$536K	10x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09533	−0.188%	$1.7M	$941K	75x	as long as short
Coinbase International XPL-PERP-INTX	+0.0592%	1h	0.09581	+0.314%	$67K	$89K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.2906%	1h	0.09566	+0.158%	$544K	$989K	10x	as long as short