Funding arb · Price arb /

XPL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0095%/8h= +10.4% APRpaid last 24h +0.026%

Price spread now: Gate against gTrade (Gains Network)+0.190%7-day average — · you sell dearer than you buy

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

Long on gTrade (Gains Network)Short on Gate

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 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Gate is 0.190% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$19 more if the spread 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	gTrade (Gains Network) XPL/USD	0.09688	L +0.0005% / S −0.0004%	pay 0.0001% / 1h	47m 32s	$77K	—	150x
Short	Gate XPL_USDT	0.09706	0.0100	get 0.0050% / 4h	2h 47m	$3.0M	$3.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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

Position, each leg$Hold fordaysFee gTrade (Gains Network)bpFee GatebpOrdersPrice spread, now +0.190%Rate

Funding earned: $19.85
Price spread: +0.190% → 0.000%: $19.02
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: $13.88
Costs to cover: 0.250%
Break-even: 2.1 days

Slippage unknown: gTrade (Gains Network): no order-book sample; Gate: live order book, 6 min ago. 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell Gate live order book, 6 min ago	3.61 bp	21.5 bp −$21	124.5 bp −$1,245	doesn't fit	doesn'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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange XPLUSD	−0.0264%	1h	0.09711	+0.242%	$565	$708	5x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0186% / S +0.0554%	1h	0.09687	−0.004%	$111K	—	100x	as long as short
Backpack XPL_USDC_PERP	−0.0100%	1h	0.09699	+0.118%	$179K	$242K	10x	as long as short
Lighter XPL	−0.0072%	1h	0.09701	+0.139%	$4.4M	$4.2M	10x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09716	+0.289%	$8K	—	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−21.851%	—	—	—	as long as short
Deribit XPL_USDC-PERPETUAL	0.0000%	1h	0.09692	+0.046%	$46K	$18K	25x	as long as short
gTrade (Gains Network) XPL/USDlong	L +0.0005% / S −0.0004%	1h	0.09688	long leg	$77K	—	150x
Orderly PERP_XPL_USDC	+0.0006%	4h	0.09687	−0.006%	$29K	$335K	10x	as long as short
OKX XPL-USDT-SWAP	+0.0050%	4h	0.09703	+0.159%	$8.5M	$56.0M	50x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex XPL-USD-PERP	+0.0053%	8h	0.09718	+0.317%	$13K	$2K	5x	as long as short
Nado XPL-PERP	+0.0100%	1h	0.09683	−0.050%	$1.2M	$2.8M	10x	as long as short
Hyperliquid XPL	+0.0100%	1h	0.09728	+0.412%	$63.0M	$47.9M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09726	+0.401%	$247K	$555K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09709	+0.220%	$221K	$47K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09713	+0.258%	$44.2M	$110.7M	75x	as long as short
Bybit XPLUSDT	+0.0100%	4h	0.09707	+0.201%	$46.8M	$58.0M	75x	as long as short
Gate XPL_USDTshort	+0.0100%	4h	0.09706	+0.190%	$3.0M	$3.8M	75x
MEXC XPL_USDT	+0.0100%	4h	0.09713	+0.263%	$12.9M	$7.9M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09699	+0.118%	$2.3M	$1.5M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09712	+0.252%	$8.6M	$11.4M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09711	+0.242%	—	$8.0M	—	as long as short
Variational Omni XPL	+0.0100%	4h	0.09693	+0.056%	$1.7M	$1.9M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09719	+0.322%	$265K	$858K	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09720	+0.335%	$25K	$89K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09698	+0.104%	$130K	$2.7M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09700	+0.128%	$3K	$2.0M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09690	+0.025%	$200	$11K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09701	+0.139%	$142K	$255K	20x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09710	+0.235%	$141K	$7K	10x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09709	+0.224%	$650K	$1.1M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09685	−0.027%	$29K	$18K	3x	as long as short
Phoenix XPL	+0.0328%	1h	0.09643	−0.460%	$195K	$657K	10x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09706	+0.190%	$1.8M	$1.1M	75x	as long as short
Coinbase International XPL-PERP-INTX	+0.0496%	1h	0.09746	+0.603%	$80K	$103K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.4395%	1h	0.09733	+0.470%	$551K	$1.0M	10x	as long as short