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

XPL

all XPL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0509%/8h= −55.8% APRnext payment $0.64 per $10,000 · paid last 24h −0.047%
Price spread now: 01 Exchange against gTrade (Gains Network)−0.164%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
Both sides work against this trade now: funding costs −$15 a day on $10k at the current rate, and 01 Exchange is 0.164% cheaper against gTrade (Gains Network) 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
LonggTrade (Gains Network) XPL/USD0.09542L +0.0005% / S −0.0004%pay 0.0001% / 1h35m 19s$72K150x
Short01 Exchange XPLUSD0.09526−0.0504pay 0.0063% / 1h35m 19s$554$8735x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

01 Exchange 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
−$106.99
Price spread: −0.164% → 0.000%
−$16.42
Slippage, 4 orders
no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Net
−$140.41
Costs to cover
0.170%
Break-even
never at this rate
Slippage unknown: gTrade (Gains Network): 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 gTrade (Gains Network) no order-book sample
Sell 01 Exchange no order-book sample
gTrade (Gains Network) 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 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
Lighter XPL−0.1416%1h0.09527−0.154%$4.3M$3.2M10xas long as short
01 Exchange XPLUSDshort−0.0504%1h0.09526−0.164%$554$8735x
GMX XPL/USD [WBTC.b-USDC]L −0.0234% / S +0.0570%1h0.09542+0.001%$105K100xas long as short
Deribit XPL_USDC-PERPETUAL−0.0169%1h0.09538−0.038%$46K$18K25xas long as short
Orderly PERP_XPL_USDC−0.0019%4h0.09532−0.101%$30K$246K10xas long as short
Paradex XPL-USD-PERP−0.0006%8h0.09541−0.010%$12K$6965xas long as short
dYdX XPL-USD0.0000%1h0.09546+0.046%$9K$6005xas long as short
Reya XPLRUSDPERP0.0000%1h0.07571−20.657%as long as short
gTrade (Gains Network) XPL/USDlongL +0.0005% / S −0.0004%1h0.09542long leg$72K150x
Bybit XPLUSDT+0.0030%4h0.09530−0.122%$45.4M$53.9M75xas long as short
Show all 36 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX XPL-USDT-SWAP+0.0094%4h0.09531−0.112%$7.7M$47.6M50xas long as short
Extended XPL-USD+0.0096%1h0.09531−0.108%$598K$1.1M25xas long as short
Nado XPL-PERP+0.0100%1h0.09534−0.080%$1.2M$2.2M10xas long as short
Hyperliquid XPL+0.0100%1h0.09546+0.050%$60.3M$46.0M10xas long as short
Aster XPLUSDT+0.0100%4h0.09545+0.032%$252K$419K20xas long as short
Pacifica XPL+0.0100%1h0.09551+0.094%$218K$46K10xas long as short
Binance XPLUSDT+0.0100%4h0.09534−0.084%$43.1M$97.8M75xas long as short
Bulk XPL-USD+0.0100%1h0.09550+0.087%$139K$010xas long as short
Gate XPL_USDT+0.0100%4h0.09536−0.059%$3.0M$3.4M75xas long as short
MEXC XPL_USDT+0.0100%4h0.09535−0.070%$12.4M$6.6M100xas long as short
KuCoin XPLUSDTM+0.0100%4h0.09540−0.018%$2.3M$1.2M50xas long as short
Bitget XPLUSDT+0.0100%4h0.09548+0.066%$9.0M$9.9M75xas long as short
BingX XPL-USDT+0.0100%4h0.09532−0.101%$7.8Mas long as short
Backpack XPL_USDC_PERP+0.0100%1h0.09548+0.066%$179K$188K10xas long as short
Variational Omni XPL+0.0100%4h0.09535−0.074%$1.7M$2.0Mas long as short
GRVT XPL_USDT_Perp+0.0100%4h0.09570+0.297%$254K$1.3M10xas long as short
ApeX Omni XPLUSDT+0.0100%1h0.09550+0.087%$25K$75K50xas long as short
Polymarket Perps XPL-USD+0.0100%1h0.09546+0.050%$125K$1.8M10xas long as short
SunX XPL-USDT+0.0100%4h0.09520−0.227%$3K$1.6M20xas long as short
SoDEX XPL-USD+0.0100%1h0.09540−0.018%$196$9K10xas long as short
HTX XPL-USDT+0.0100%4h0.09537−0.049%$132K$212K20xas long as short
Aevo XPL-PERP+0.0104%1h0.09535−0.070%$28K$18K3xas long as short
Phoenix XPL+0.0249%1h0.09564+0.234%$194K$495K10xas long as short
BloFin XPL-USDT+0.0340%4h0.09532−0.101%$1.7M$922K75xas long as short
Coinbase International XPL-PERP-INTX+0.0808%1h0.09567+0.265%$64K$91K50xas long as short
Kraken Futures PF_XPLUSD+0.2738%1h0.09581+0.417%$544K$930K10xas long as short