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

XPL

all XPL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC+0.0579%/8h= +63.4% APRnext payment +$0.72 per $10,000 · paid last 24h +0.074%
Price spread now: Aevo against Deribit−0.002%7-day average · you buy dearer than you sell
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 5 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 sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$17 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongDeribit XPL_USDC-PERPETUAL0.09644−0.0475get 0.0059% / 1h4m 35s$46K$18K25x
ShortAevo XPL-PERP0.096440.0104get 0.0013% / 1h4m 35s$29K$18K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aevo against Deribit. 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
$121.66
Price spread: −0.002% → 0.000%
−$0.21
Slippage, 4 orders
no order book: not counted
Fee Deribit: 3.5 bp × 2 orders
−$7
Fee Aevo: 8 bp × 2 orders
−$16
Net
$98.45
Costs to cover
0.230%
Break-even
1.3 days
Slippage unknown: Deribit: no order-book sample; Aevo: 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 Deribit no order-book sample
Sell Aevo no order-book sample
Deribit and Aevo: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Deribit XPL_USDC-PERPETUALlong−0.0475%1h0.09644long leg$46K$18K25x
01 Exchange XPLUSD−0.0304%1h0.09656+0.124%$561$7085xas long as short
Backpack XPL_USDC_PERP−0.0215%1h0.09648+0.041%$178K$243K10xas long as short
GMX XPL/USD [WBTC.b-USDC]L −0.0207% / S +0.0568%1h0.09656+0.121%$111K100xas long as short
Orderly PERP_XPL_USDC−0.0001%4h0.09647+0.031%$29K$335K10xas long as short
dYdX XPL-USD0.0000%1h0.09662+0.184%$8K5xas long as short
Reya XPLRUSDPERP0.0000%1h0.07570−21.500%as long as short
gTrade (Gains Network) XPL/USDL +0.0005% / S −0.0003%1h0.09657+0.132%$59K150xas long as short
Lighter XPL+0.0032%1h0.09653+0.093%$4.4M$4.2M10xas long as short
OKX XPL-USDT-SWAP+0.0042%4h0.09667+0.238%$8.4M$53.6M50xas long as short
Show all 35 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Paradex XPL-USD-PERP+0.0043%8h0.09650+0.061%$13K$2K5xas long as short
Nado XPL-PERP+0.0100%1h0.09646+0.021%$1.2M$2.8M10xas long as short
Hyperliquid XPL+0.0100%1h0.09661+0.173%$61.4M$47.5M10xas long as short
Aster XPLUSDT+0.0100%4h0.09653+0.091%$246K$500K20xas long as short
Pacifica XPL+0.0100%1h0.09660+0.166%$220K$47K10xas long as short
Binance XPLUSDT+0.0100%4h0.09659+0.156%$43.8M$108.2M75xas long as short
Bybit XPLUSDT+0.0100%4h0.09657+0.135%$46.5M$56.4M75xas long as short
Gate XPL_USDT+0.0100%4h0.09659+0.156%$3.0M$3.9M75xas long as short
MEXC XPL_USDT+0.0100%4h0.09655+0.114%$12.6M$8.0M100xas long as short
KuCoin XPLUSDTM+0.0100%4h0.09651+0.073%$2.3M$1.5M50xas long as short
Bitget XPLUSDT+0.0100%4h0.09669+0.259%$8.6M$11.1M75xas long as short
BingX XPL-USDT+0.0100%4h0.09666+0.228%$8.0Mas long as short
Variational Omni XPL+0.0100%4h0.09664+0.211%$1.7M$1.8Mas long as short
GRVT XPL_USDT_Perp+0.0100%4h0.09665+0.219%$257K$891K10xas long as short
ApeX Omni XPLUSDT+0.0100%1h0.09680+0.373%$25K$83K50xas long as short
Polymarket Perps XPL-USD+0.0100%1h0.09663+0.196%$131K$2.6M10xas long as short
SunX XPL-USDT+0.0100%4h0.09630−0.145%$3K$1.9M20xas long as short
SoDEX XPL-USD+0.0100%1h0.09640−0.041%$195$11K10xas long as short
HTX XPL-USDT+0.0100%4h0.09671+0.280%$144K$249K20xas long as short
Bulk XPL-USD+0.0100%1h0.09660+0.166%$141K$7K10xas long as short
Extended XPL-USD+0.0104%1h0.09665+0.221%$655K$1.1M25xas long as short
Aevo XPL-PERPshort+0.0104%1h0.09644−0.002%$29K$18K3x
Phoenix XPL+0.0328%1h0.09674+0.311%$196K$657K10xas long as short
Coinbase International XPL-PERP-INTX+0.0496%1h0.09766+1.265%$78K$95K50xas long as short
Kraken Futures PF_XPLUSD+0.4414%1h0.09689+0.469%$549K$1.0M10xas long as short