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+0.0095%/8h= +10.4% APRnext payment +$0.12 per $10,000 · paid last 24h +0.028%
Price spread now: SoDEX against gTrade (Gains Network)−0.063%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
Funding pays, the price is against you. SoDEX is 0.063% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.063% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 2.2 days of funding at the current rate (+$3 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LonggTrade (Gains Network) XPL/USD0.09436L +0.0005% / S −0.0004%pay 0.0001% / 1h47m 02s$71K150x
ShortSoDEX XPL-USD0.094300.0100get 0.0013% / 1h47m 02s$179$9K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SoDEX 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: −0.063% → 0.000%
−$6.3
Slippage, 4 orders
no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Fee SoDEX: 4 bp × 2 orders
−$8
Net
−$4.44
Costs to cover
0.180%
Break-even
8.6 days
Slippage unknown: gTrade (Gains Network): no order-book sample; SoDEX: 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 gTrade (Gains Network) no order-book sample
Sell SoDEX no order-book sample
gTrade (Gains Network) and SoDEX: 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−0.0608%1h0.09415−0.222%$547$8735xas long as short
Deribit XPL_USDC-PERPETUAL−0.0598%1h0.09429−0.074%$46K$18K25xas long as short
Lighter XPL−0.0512%1h0.09422−0.148%$4.3M$3.1M10xas long as short
GMX XPL/USD [WBTC.b-USDC]L −0.0426% / S +0.0682%1h0.09434−0.024%$104K100xas long as short
Bybit XPLUSDT−0.0306%4h0.09425−0.116%$44.7M$52.7M75xas long as short
Extended XPL-USD−0.0144%1h0.09425−0.112%$596K$1.1M25xas long as short
Paradex XPL-USD-PERP−0.0121%8h0.09436−0.003%$12K$6965xas long as short
Orderly PERP_XPL_USDC−0.0094%4h0.09425−0.116%$30K$177K10xas long as short
Backpack XPL_USDC_PERP−0.0066%1h0.09435−0.010%$180K$171K10xas long as short
OKX XPL-USDT-SWAP−0.0043%4h0.09428−0.084%$7.3M$46.5M50xas long as short
Show all 36 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance XPLUSDT−0.0038%4h0.09426−0.105%$43.3M$96.0M75xas long as short
MEXC XPL_USDT−0.0036%4h0.09427−0.095%$13.1M$6.4M100xas long as short
Reya XPLRUSDPERP0.0000%1h0.07571−19.768%as long as short
Gate XPL_USDT+0.0004%4h0.09437+0.011%$2.9M$3.2M75xas long as short
gTrade (Gains Network) XPL/USDlongL +0.0005% / S −0.0004%1h0.09436long leg$71K150x
Aevo XPL-PERP+0.0072%1h0.09425−0.116%$28K$18K3xas long as short
Nado XPL-PERP+0.0100%1h0.09437+0.011%$1.2M$2.2M10xas long as short
Hyperliquid XPL+0.0100%1h0.09442+0.061%$59.8M$41.9M10xas long as short
Aster XPLUSDT+0.0100%4h0.09435−0.013%$251K$361K20xas long as short
Pacifica XPL+0.0100%1h0.09446+0.106%$212K$51K10xas long as short
KuCoin XPLUSDTM+0.0100%4h0.09439+0.032%$2.4M$1.4M50xas long as short
Bitget XPLUSDT+0.0100%4h0.09436+0.001%$8.8M$9.9M75xas long as short
BingX XPL-USDT+0.0100%4h0.09430−0.063%$7.7Mas long as short
Variational Omni XPL+0.0100%4h0.09434−0.020%$1.8M$2.0Mas long as short
GRVT XPL_USDT_Perp+0.0100%4h0.09447+0.114%$258K$1.3M10xas long as short
ApeX Omni XPLUSDT+0.0100%1h0.09450+0.149%$25K$68K50xas long as short
Polymarket Perps XPL-USD+0.0100%1h0.09441+0.053%$124K$1.2M10xas long as short
SunX XPL-USDT+0.0100%4h0.09410−0.275%$3K$1.5M20xas long as short
SoDEX XPL-USDshort+0.0100%1h0.09430−0.063%$179$9K10x
HTX XPL-USDT+0.0100%4h0.09457+0.223%$134K$216K20xas long as short
Bulk XPL-USD+0.0100%1h0.09455+0.202%$138K$5K10xas long as short
BloFin XPL-USDT+0.0203%4h0.09426−0.105%$1.7M$838K75xas long as short
Phoenix XPL+0.0252%1h0.09440+0.043%$191K$435K10xas long as short
dYdX XPL-USD+0.0344%1h0.09428−0.084%$9K$1K5xas long as short
Coinbase International XPL-PERP-INTX+0.0712%1h0.09538+1.082%$64K$91K50xas long as short
Kraken Futures PF_XPLUSD+0.1353%1h0.09456+0.214%$554K$1.0M10xas long as short