Funding arb · Price arb /

XPL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.006%

Price spread now: Aevo against Extended+0.117%7-day average — · you sell dearer than you buy

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

Long on Extended Short on Aevo

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 days—no price history on both exchanges yet

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

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aevo is 0.117% dearer against Extended than usual: you sell high and buy low, +$12 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended XPL-USD	0.09722	0.0104	pay 0.0013% / 1h	9m 41s	$657K	$1.1M	25x
Short	Aevo XPL-PERP	0.09734	0.0104	get 0.0013% / 1h	9m 41s	$38K	$5K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Extended. 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 ExtendedbpFee AevobpOrdersPrice spread, now +0.117%Rate

Funding earned: $0
Price spread: +0.117% → 0.000%: $11.73
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$9.27
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: Extended: live order book, 4 min ago; 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Extended live order book, 4 min ago	0.51 bp	5.2 bp −$5	22.2 bp −$222	doesn't fit	doesn't fit
Sell Aevo no order-book sample	—	—	—	—	—

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 36 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
Lighter XPL	−0.0088%	1h	0.09714	−0.084%	$4.4M	$4.3M	10x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0086% / S +0.0490%	1h	0.09731	+0.087%	$112K	—	100x	as long as short
01 Exchange XPLUSD	−0.0064%	1h	0.09721	−0.012%	$565	$708	5x	as long as short
Backpack XPL_USDC_PERP	−0.0056%	1h	0.09733	+0.111%	$177K	$283K	10x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09730	+0.080%	$8K	—	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−22.131%	—	—	—	as long as short
Deribit XPL_USDC-PERPETUAL	0.0000%	1h	0.09733	+0.111%	$47K	$18K	25x	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09729	+0.072%	$72K	—	150x	as long as short
Orderly PERP_XPL_USDC	+0.0083%	4h	0.09728	+0.060%	$27K	$333K	10x	as long as short
Paradex XPL-USD-PERP	+0.0089%	8h	0.09725	+0.025%	$13K	$2K	5x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado XPL-PERP	+0.0100%	1h	0.09725	+0.034%	$1.4M	$2.6M	10x	as long as short
Hyperliquid XPL	+0.0100%	1h	0.09742	+0.201%	$62.6M	$47.2M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09732	+0.097%	$252K	$527K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09730	+0.080%	$220K	$45K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09725	+0.030%	$43.9M	$105.4M	75x	as long as short
Bybit XPLUSDT	+0.0100%	4h	0.09724	+0.019%	$47.4M	$53.6M	75x	as long as short
OKX XPL-USDT-SWAP	+0.0100%	4h	0.09723	+0.008%	$9.0M	$53.3M	50x	as long as short
Gate XPL_USDT	+0.0100%	4h	0.09721	−0.012%	$3.0M	$4.0M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09728	+0.060%	$12.7M	$7.7M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09720	−0.023%	$2.4M	$1.4M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09728	+0.060%	$8.6M	$11.1M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09723	+0.008%	—	$7.9M	—	as long as short
Variational Omni XPL	+0.0100%	4h	0.09696	−0.267%	$1.7M	$1.9M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09722	−0.004%	$263K	$775K	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09750	+0.286%	$25K	$87K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09739	+0.176%	$129K	$2.7M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09710	−0.125%	$3K	$2.0M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09730	+0.080%	$203	$10K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09720	−0.023%	$138K	$246K	20x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09695	−0.280%	$140K	$11K	10x	as long as short
Extended XPL-USDlong	+0.0104%	1h	0.09722	long leg	$657K	$1.1M	25x
Aevo XPL-PERPshort	+0.0104%	1h	0.09734	+0.117%	$38K	$5K	3x
BloFin XPL-USDT	+0.0340%	4h	0.09700	−0.228%	$1.8M	$1.1M	75x	as long as short
Phoenix XPL	+0.0485%	1h	0.09739	+0.173%	$197K	$646K	10x	as long as short
Coinbase International XPL-PERP-INTX	+0.0824%	1h	0.09783	+0.625%	$74K	$103K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.3499%	1h	0.09774	+0.531%	$515K	$944K	10x	as long as short