Funding arb · Price arb /

XPL

all XPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0672%/8h= −73.6% APRnext payment −$0.84 per $10,000 · paid last 24h —

Price spread now: Reya against Coinbase International−20.494%7-day average — · you buy dearer than you sell

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

Long on Coinbase International Short on Reya

What this pair did over the last

the charts below follow

Funding, last 7 days—no history yet

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

Together, before fees—+ Points / potential airdropReya: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$20 a day on $10k at the current rate, and Reya is 20.494% cheaper against Coinbase International than usual: you would sell low and buy high (−$2,049 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International XPL-PERP-INTX	0.09522	0.0672	pay 0.0084% / 1h	53m 07s	$75K	$90K	50x
Short	Reya XPLRUSDPERP	0.07571	0	get 0.0000% / 1h	53m 07s	—	—	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Coinbase International. 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 Coinbase InternationalbpFee ReyabpOrdersPrice spread, now −20.494%Rate

Funding earned: −$141.12
Price spread: −20.494% → 0.000%: −$2,049.41
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Reya: 3 bp × 2 orders: −$6
Net: −$2,206.53
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Coinbase International: live order book, 60 min ago; Reya: 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 Coinbase International live order book, 60 min ago	35.65 bp	71.4 bp −$71	doesn't fit	doesn't fit	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

Reya: 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 35 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
Backpack XPL_USDC_PERP	−0.0715%	1h	0.09617	+0.998%	$178K	$241K	10x	as long as short
01 Exchange XPLUSD	−0.0376%	1h	0.09600	+0.819%	$558	$708	5x	as long as short
Deribit XPL_USDC-PERPETUAL	−0.0270%	1h	0.09616	+0.987%	$46K	$18K	25x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0213% / S +0.0572%	1h	0.09619	+1.021%	$110K	—	100x	as long as short
Lighter XPL	−0.0096%	1h	0.09605	+0.872%	$4.3M	$4.2M	10x	as long as short
Orderly PERP_XPL_USDC	−0.0003%	4h	0.09612	+0.945%	$29K	$335K	10x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09604	+0.857%	$8K	—	5x	as long as short
Reya XPLRUSDPERPshort	0.0000%	1h	0.07571	−20.494%	—	—	—
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09619	+1.022%	$73K	—	150x	as long as short
OKX XPL-USDT-SWAP	+0.0039%	4h	0.09613	+0.956%	$8.3M	$53.1M	50x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex XPL-USD-PERP	+0.0044%	8h	0.09604	+0.861%	$12K	$2K	5x	as long as short
Nado XPL-PERP	+0.0100%	1h	0.09600	+0.819%	$1.2M	$2.8M	10x	as long as short
Hyperliquid XPL	+0.0100%	1h	0.09616	+0.982%	$61.0M	$47.5M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09612	+0.949%	$245K	$499K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09604	+0.865%	$218K	$47K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09611	+0.935%	$43.6M	$107.8M	75x	as long as short
Bybit XPLUSDT	+0.0100%	4h	0.09608	+0.903%	$46.0M	$56.0M	75x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09640	+1.239%	$140K	$7K	10x	as long as short
Gate XPL_USDT	+0.0100%	4h	0.09615	+0.977%	$3.0M	$3.7M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09611	+0.935%	$12.4M	$7.9M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09616	+0.987%	$2.3M	$1.5M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09618	+1.008%	$8.5M	$11.1M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09618	+1.008%	—	$7.9M	—	as long as short
Variational Omni XPL	+0.0100%	4h	0.09669	+1.543%	$1.7M	$1.8M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09642	+1.261%	$259K	$900K	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09630	+1.134%	$25K	$83K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09615	+0.981%	$131K	$2.6M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09590	+0.714%	$2K	$1.9M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09610	+0.924%	$2K	$11K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09609	+0.914%	$144K	$254K	20x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09611	+0.931%	$640K	$1.1M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09612	+0.946%	$29K	$18K	3x	as long as short
Phoenix XPL	+0.0248%	1h	0.09603	+0.851%	$194K	$629K	10x	as long as short
Coinbase International XPL-PERP-INTXlong	+0.0672%	1h	0.09522	long leg	$75K	$90K	50x
Kraken Futures PF_XPLUSD	+0.3560%	1h	0.09655	+1.392%	$547K	$1.0M	10x	as long as short