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

XPL

all XPL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 10:00 UTC+0.0638%/8h= +69.8% APRnext payment +$0.80 per $10,000 · paid last 24h +0.217%
Price spread now: Coinbase International against dYdX+0.096%7-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 +$19 a day on $10k at the current rate, and Coinbase International is 0.096% dearer against dYdX than usual: you sell high and buy low: +$10 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongdYdX XPL-USD0.094140.0074pay 0.0009% / 1h8m 29s$9K$1K5x
ShortCoinbase International XPL-PERP-INTX0.094230.0712get 0.0089% / 1h8m 29s$63K$86K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International 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
$133.92
Price spread: +0.096% → 0.000%
$9.6
Slippage, 4 orders
no order book: not counted
Fee dYdX: 5 bp × 2 orders
−$10
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
$123.52
Costs to cover
0.200%
Break-even
0.5 days
Slippage unknown: dYdX: no order-book sample; Coinbase International: 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 Coinbase International no order-book sample
dYdX and Coinbase International: 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 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
01 Exchange XPLUSD−0.0776%1h0.09377−0.393%$545$8735xas long as short
GMX XPL/USD [WBTC.b-USDC]L −0.0475% / S +0.0710%1h0.09394−0.214%$104K100xas long as short
Bybit XPLUSDT−0.0350%4h0.09389−0.265%$44.0M$54.9M75xas long as short
Lighter XPL−0.0328%1h0.09401−0.138%$4.3M$3.1M10xas long as short
Orderly PERP_XPL_USDC−0.0130%4h0.09426+0.128%$30K$117K10xas long as short
Paradex XPL-USD-PERP−0.0091%8h0.09406−0.082%$12K$6965xas long as short
Deribit XPL_USDC-PERPETUAL−0.0068%1h0.09428+0.149%$46K$18K25xas long as short
MEXC XPL_USDT−0.0060%4h0.09406−0.085%$12.7M$6.7M100xas long as short
Binance XPLUSDT−0.0060%4h0.09393−0.226%$43.1M$98.7M75xas long as short
OKX XPL-USDT-SWAP−0.0011%4h0.09390−0.254%$7.1M$48.1M50xas long as short
Show all 36 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Reya XPLRUSDPERP0.0000%1h0.07570−19.583%as long as short
gTrade (Gains Network) XPL/USDL +0.0005% / S −0.0004%1h0.09429+0.155%$71K150xas long as short
Backpack XPL_USDC_PERP+0.0010%1h0.09427+0.139%$185K$173K10xas long as short
Extended XPL-USD+0.0040%1h0.09398−0.170%$592K$1.1M25xas long as short
Gate XPL_USDT+0.0056%4h0.09406−0.085%$2.8M$3.3M75xas long as short
Aevo XPL-PERP+0.0064%1h0.09428+0.147%$28K$18K3xas long as short
dYdX XPL-USDlong+0.0074%1h0.09414long leg$9K$1K5x
Nado XPL-PERP+0.0100%1h0.09426+0.127%$1.2M$2.3M10xas long as short
Hyperliquid XPL+0.0100%1h0.09424+0.110%$59.1M$42.9M10xas long as short
Aster XPLUSDT+0.0100%4h0.09397−0.181%$242K$380K20xas long as short
Pacifica XPL+0.0100%1h0.09410−0.042%$209K$52K10xas long as short
Bulk XPL-USD+0.0100%1h0.09390−0.254%$137K$5K10xas long as short
KuCoin XPLUSDTM+0.0100%4h0.09407−0.074%$2.3M$1.5M50xas long as short
Bitget XPLUSDT+0.0100%4h0.09408−0.063%$8.8M$10.2M75xas long as short
BingX XPL-USDT+0.0100%4h0.09401−0.138%$7.7Mas long as short
Variational Omni XPL+0.0100%4h0.09387−0.285%$1.8M$2.0Mas long as short
GRVT XPL_USDT_Perp+0.0100%4h0.09393−0.226%$251K$1.3M10xas long as short
ApeX Omni XPLUSDT+0.0100%1h0.09390−0.254%$24K$67K50xas long as short
Polymarket Perps XPL-USD+0.0100%1h0.09419+0.054%$37K$1.3M10xas long as short
SunX XPL-USDT+0.0100%4h0.09420+0.064%$2K$1.5M20xas long as short
SoDEX XPL-USD+0.0100%1h0.09430+0.170%$180$9K10xas long as short
HTX XPL-USDT+0.0100%4h0.09395−0.201%$132K$218K20xas long as short
BloFin XPL-USDT+0.0177%4h0.09424+0.107%$1.7M$862K75xas long as short
Phoenix XPL+0.0252%1h0.09407−0.074%$190K$435K10xas long as short
Coinbase International XPL-PERP-INTXshort+0.0712%1h0.09423+0.096%$63K$86K50x
Kraken Futures PF_XPLUSD+0.1354%1h0.09447+0.348%$556K$1.0M10xas long as short