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

XPL

all XPL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0100%/8h= +10.9% APRnext payment +$0.13 per $10,000 · paid last 24h +0.030%
Price spread now: ApeX Omni against dYdX+0.020%50s7-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 6 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and ApeX Omni is 0.020% dearer against dYdX than usual: you sell high and buy low: +$2 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongdYdX XPL-USD0.095580get 0.0000% / 1h16m 28s$9K$6005x
ShortApeX Omni XPLUSDT0.095600.0100get 0.0013% / 1h16m 28s$25K$75K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against dYdX. 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
$21
Price spread: +0.020% → 0.000%
$2
Slippage, 4 orders
no order book: not counted
Fee dYdX: 5 bp × 2 orders
−$10
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
$3
Costs to cover
0.200%
Break-even
6.0 days
Slippage unknown: dYdX: no order-book sample; 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
LegHalf-spread$10k$100k$1M$5M
Buy dYdX no order-book sample
Sell ApeX Omni no order-book sample
dYdX and 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter XPL−0.1448%1h0.09538−0.210%$4.3M$3.2M10xas long as short
01 Exchange XPLUSD−0.0488%1h0.09545−0.137%$555$8735xas long as short
GMX XPL/USD [WBTC.b-USDC]L −0.0234% / S +0.0570%1h0.09553−0.050%$105K100xas long as short
Deribit XPL_USDC-PERPETUAL−0.0064%1h0.09552−0.064%$46K$18K25xas long as short
Paradex XPL-USD-PERP−0.0039%8h0.09548−0.109%$12K$6965xas long as short
Orderly PERP_XPL_USDC−0.0028%4h0.09546−0.126%$30K$277K10xas long as short
Bybit XPLUSDT−0.0022%4h0.09547−0.116%$45.5M$54.0M75xas long as short
dYdX XPL-USDlong0.0000%1h0.09558long leg$9K$6005x
Reya XPLRUSDPERP0.0000%1h0.07571−20.792%as long as short
gTrade (Gains Network) XPL/USDL +0.0005% / S −0.0004%1h0.09554−0.046%$72K150xas long as short
Show all 36 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX XPL-USDT-SWAP+0.0057%4h0.09542−0.168%$7.7M$47.7M50xas long as short
Extended XPL-USD+0.0072%1h0.09544−0.147%$596K$1.2M25xas long as short
Nado XPL-PERP+0.0100%1h0.09546−0.121%$1.3M$2.2M10xas long as short
Hyperliquid XPL+0.0100%1h0.09566+0.080%$60.3M$46.0M10xas long as short
Aster XPLUSDT+0.0100%4h0.09555−0.031%$252K$419K20xas long as short
Pacifica XPL+0.0100%1h0.09556−0.019%$219K$46K10xas long as short
Binance XPLUSDT+0.0100%4h0.09548−0.106%$43.2M$97.9M75xas long as short
Gate XPL_USDT+0.0100%4h0.09547−0.116%$2.9M$3.4M75xas long as short
MEXC XPL_USDT+0.0100%4h0.09549−0.095%$12.4M$6.6M100xas long as short
KuCoin XPLUSDTM+0.0100%4h0.09545−0.137%$2.3M$1.2M50xas long as short
Bitget XPLUSDT+0.0100%4h0.09557−0.011%$9.0M$9.9M75xas long as short
BingX XPL-USDT+0.0100%4h0.09545−0.137%$7.8Mas long as short
Backpack XPL_USDC_PERP+0.0100%1h0.09557−0.011%$179K$189K10xas long as short
Variational Omni XPL+0.0100%4h0.09516−0.442%$1.7M$2.0Mas long as short
GRVT XPL_USDT_Perp+0.0100%4h0.09547−0.119%$254K$1.3M10xas long as short
ApeX Omni XPLUSDTshort+0.0100%1h0.09560+0.020%$25K$75K50x
Polymarket Perps XPL-USD+0.0100%1h0.09557−0.009%$125K$1.8M10xas long as short
SunX XPL-USDT+0.0100%4h0.09530−0.294%$2K$1.6M20xas long as short
SoDEX XPL-USD+0.0100%1h0.09550−0.085%$194$9K10xas long as short
HTX XPL-USDT+0.0100%4h0.09551−0.074%$132K$212K20xas long as short
Bulk XPL-USD+0.0100%1h0.09555−0.032%$139K$010xas long as short
Aevo XPL-PERP+0.0104%1h0.09550−0.085%$28K$18K3xas long as short
Phoenix XPL+0.0249%1h0.09563+0.051%$194K$495K10xas long as short
BloFin XPL-USDT+0.0340%4h0.09548−0.106%$1.7M$923K75xas long as short
Coinbase International XPL-PERP-INTX+0.0808%1h0.09620+0.648%$65K$92K50xas long as short
Kraken Futures PF_XPLUSD+0.2738%1h0.09582+0.246%$541K$939K10xas long as short