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

XPL

all XPL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC+0.0095%/8h= +10.4% APRnext payment +$0.12 per $10,000 · paid last 24h +0.028%
Price spread now: Bulk against gTrade (Gains Network)−0.006%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 3 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: +$3 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LonggTrade (Gains Network) XPL/USD0.09725L +0.0005% / S −0.0004%pay 0.0001% / 1h14m 09s$72K150x
ShortBulk XPL-USD0.097250.0100get 0.0013% / 1h14m 09s$142K$9K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bulk against gTrade (Gains Network). 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
$19.85
Price spread: −0.006% → 0.000%
−$0.62
Slippage, 4 orders
no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Fee Bulk: 3.5 bp × 2 orders
−$7
Net
$2.23
Costs to cover
0.170%
Break-even
6.2 days
Slippage unknown: gTrade (Gains Network): no order-book sample; Bulk: live order book, 5 min ago. 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 gTrade (Gains Network) no order-book sample
Sell Bulk live order book, 5 min ago5.15 bp17.9 bp −$1819.4 bp −$19452.1 bp −$5,212doesn't fit
gTrade (Gains Network): 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
Backpack XPL_USDC_PERP−0.0301%1h0.09724−0.012%$177K$282K10xas long as short
01 Exchange XPLUSD−0.0232%1h0.09722−0.032%$565$7085xas long as short
Lighter XPL−0.0224%1h0.09713−0.125%$4.4M$4.1M10xas long as short
GMX XPL/USD [WBTC.b-USDC]L −0.0114% / S +0.0508%1h0.09725+0.001%$112K100xas long as short
dYdX XPL-USD0.0000%1h0.09722−0.036%$8K5xas long as short
Reya XPLRUSDPERP0.0000%1h0.07571−22.155%as long as short
Deribit XPL_USDC-PERPETUAL0.0000%1h0.09725−0.002%$47K$18K25xas long as short
gTrade (Gains Network) XPL/USDlongL +0.0005% / S −0.0004%1h0.09725long leg$72K150x
Orderly PERP_XPL_USDC+0.0071%4h0.09720−0.053%$29K$335K10xas long as short
Paradex XPL-USD-PERP+0.0084%8h0.09723−0.026%$13K$2K5xas long as short
Show all 36 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Nado XPL-PERP+0.0100%1h0.09723−0.022%$1.4M$2.6M10xas long as short
Hyperliquid XPL+0.0100%1h0.09736+0.113%$63.0M$47.8M10xas long as short
Aster XPLUSDT+0.0100%4h0.09727+0.021%$251K$527K20xas long as short
Pacifica XPL+0.0100%1h0.09727+0.014%$221K$46K10xas long as short
Binance XPLUSDT+0.0100%4h0.09724−0.013%$43.9M$107.0M75xas long as short
Bybit XPLUSDT+0.0100%4h0.09721−0.043%$47.9M$54.8M75xas long as short
OKX XPL-USDT-SWAP+0.0100%4h0.09718−0.074%$8.9M$53.9M50xas long as short
Bulk XPL-USDshort+0.0100%1h0.09725−0.006%$142K$9K10x
Gate XPL_USDT+0.0100%4h0.09722−0.032%$3.0M$4.0M75xas long as short
MEXC XPL_USDT+0.0100%4h0.09721−0.043%$12.6M$7.7M100xas long as short
KuCoin XPLUSDTM+0.0100%4h0.09718−0.074%$2.4M$1.5M50xas long as short
Bitget XPLUSDT+0.0100%4h0.09727+0.019%$8.6M$11.1M75xas long as short
BingX XPL-USDT+0.0100%4h0.09721−0.043%$7.9Mas long as short
Variational Omni XPL+0.0100%4h0.09719−0.060%$1.7M$1.9Mas long as short
GRVT XPL_USDT_Perp+0.0100%4h0.09720−0.058%$259K$787K10xas long as short
ApeX Omni XPLUSDT+0.0100%1h0.09730+0.050%$25K$88K50xas long as short
Polymarket Perps XPL-USD+0.0100%1h0.09734+0.091%$129K$2.7M10xas long as short
SunX XPL-USDT+0.0100%4h0.09710−0.156%$3K$2.0M20xas long as short
SoDEX XPL-USD+0.0100%1h0.09720−0.053%$447$10K10xas long as short
HTX XPL-USDT+0.0100%4h0.09713−0.125%$138K$246K20xas long as short
Extended XPL-USD+0.0104%1h0.09722−0.032%$656K$1.1M25xas long as short
Aevo XPL-PERP+0.0104%1h0.09725−0.006%$38K$5K3xas long as short
BloFin XPL-USDT+0.0340%4h0.09711−0.145%$1.7M$1.1M75xas long as short
Phoenix XPL+0.0412%1h0.09726+0.009%$197K$652K10xas long as short
Coinbase International XPL-PERP-INTX+0.0792%1h0.09760+0.358%$72K$104K50xas long as short
Kraken Futures PF_XPLUSD+0.4590%1h0.09781+0.575%$561K$995K10xas long as short