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

XPL

all XPL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 11:00 UTC−0.1090%/8h= −119.3% APRnext payment $1.36 per $10,000 · paid last 24h −0.062%
Price spread now: 01 Exchange against dYdX−0.157%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 4 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 against this trade now: funding costs −$33 a day on $10k at the current rate, and 01 Exchange is 0.157% cheaper against dYdX than usual: you would sell low and buy high (−$16 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongdYdX XPL-USD0.094490.0474pay 0.0059% / 1h51m 18s$9K$1K5x
Short01 Exchange XPLUSD0.09434−0.0616pay 0.0077% / 1h51m 18s$548$8735x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

01 Exchange 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
−$228.82
Price spread: −0.157% → 0.000%
−$15.73
Slippage, 4 orders
no order book: not counted
Fee dYdX: 5 bp × 2 orders
−$10
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Net
−$261.55
Costs to cover
0.170%
Break-even
never at this rate
Slippage unknown: dYdX: no order-book sample; 01 Exchange: 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 01 Exchange no order-book sample
dYdX and 01 Exchange: 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
Lighter XPL−0.0648%1h0.09429−0.210%$4.3M$3.1M10xas long as short
01 Exchange XPLUSDshort−0.0616%1h0.09434−0.157%$548$8735x
Deribit XPL_USDC-PERPETUAL−0.0491%1h0.09439−0.104%$46K$18K25xas long as short
GMX XPL/USD [WBTC.b-USDC]L −0.0420% / S +0.0679%1h0.09442−0.077%$104K100xas long as short
Bybit XPLUSDT−0.0291%4h0.09435−0.147%$44.7M$52.7M75xas long as short
Extended XPL-USD−0.0152%1h0.09434−0.154%$596K$1.1M25xas long as short
Paradex XPL-USD-PERP−0.0124%8h0.09452+0.032%$12K$6965xas long as short
Orderly PERP_XPL_USDC−0.0091%4h0.09434−0.157%$30K$185K10xas long as short
OKX XPL-USDT-SWAP−0.0048%4h0.09438−0.115%$7.3M$46.5M50xas long as short
Binance XPLUSDT−0.0032%4h0.09435−0.144%$43.4M$95.9M75xas long as short
Show all 36 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC XPL_USDT−0.0032%4h0.09436−0.136%$13.2M$6.4M100xas long as short
Reya XPLRUSDPERP0.0000%1h0.07571−19.877%as long as short
gTrade (Gains Network) XPL/USDL +0.0005% / S −0.0004%1h0.09452+0.032%$71K150xas long as short
Gate XPL_USDT+0.0006%4h0.09443−0.062%$2.9M$3.2M75xas long as short
Backpack XPL_USDC_PERP+0.0023%1h0.09443−0.062%$180K$170K10xas long as short
Aevo XPL-PERP+0.0072%1h0.09435−0.147%$28K$18K3xas long as short
Nado XPL-PERP+0.0100%1h0.09448−0.012%$1.2M$2.2M10xas long as short
Hyperliquid XPL+0.0100%1h0.09459+0.102%$59.9M$41.9M10xas long as short
Aster XPLUSDT+0.0100%4h0.09442−0.073%$252K$361K20xas long as short
Pacifica XPL+0.0100%1h0.09444−0.055%$216K$46K10xas long as short
KuCoin XPLUSDTM+0.0100%4h0.09443−0.062%$2.4M$1.4M50xas long as short
Bitget XPLUSDT+0.0100%4h0.09447−0.020%$8.8M$9.9M75xas long as short
BingX XPL-USDT+0.0100%4h0.09438−0.115%$7.7Mas long as short
Variational Omni XPL+0.0100%4h0.09453+0.045%$1.7M$1.8Mas long as short
GRVT XPL_USDT_Perp+0.0100%4h0.09447−0.023%$258K$1.3M10xas long as short
ApeX Omni XPLUSDT+0.0100%1h0.09460+0.118%$25K$68K50xas long as short
Polymarket Perps XPL-USD+0.0100%1h0.09455+0.060%$124K$1.2M10xas long as short
SunX XPL-USDT+0.0100%4h0.09420−0.305%$3K$1.5M20xas long as short
SoDEX XPL-USD+0.0100%1h0.09440−0.094%$178$9K10xas long as short
HTX XPL-USDT+0.0100%4h0.09460+0.118%$134K$212K20xas long as short
Bulk XPL-USD+0.0100%1h0.09455+0.065%$138K$5K10xas long as short
BloFin XPL-USDT+0.0213%4h0.09450+0.012%$1.7M$825K75xas long as short
Phoenix XPL+0.0252%1h0.09456+0.075%$191K$435K10xas long as short
dYdX XPL-USDlong+0.0474%1h0.09449long leg$9K$1K5x
Coinbase International XPL-PERP-INTX+0.0712%1h0.09538+0.943%$64K$91K50xas long as short
Kraken Futures PF_XPLUSD+0.1352%1h0.09461+0.125%$554K$1.0M10xas long as short