Funding arb · Price arb /

XPL

all XPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0024%/8h= −2.6% APRpaid last 24h −0.026%

Price spread now: dYdX against Gate+0.206%7-day average — · you sell dearer than you buy

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

Long on Gate Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 6 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

The price spread pays, funding is against you. dYdX is 0.206% dearer against Gate than usual: you sell high and buy low (spread +0.206% now, against zero (this spread has no 7-day history yet)): +$21 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 29 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate XPL_USDT	0.09322	0.0024	pay 0.0012% / 4h	48m 15s	$2.8M	$2.7M	75x
Short	dYdX XPL-USD	0.09341	0	get 0.0000% / 1h	48m 15s	$9K	$1K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Gate. 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 GatebpFee dYdXbpOrdersPrice spread, now +0.206%Rate

Funding earned: −$5.04
Price spread: +0.206% → 0.000%: $20.56
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$9.48
Costs to cover: 0.250%
Break-even: never at this rate

Slippage unknown: Gate: live order book, 3 min ago; dYdX: 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 Gate live order book, 3 min ago	2.68 bp	22.8 bp −$23	116.7 bp −$1,167	doesn't fit	doesn't fit
Sell dYdX no order-book sample	—	—	—	—	—

dYdX: 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange XPLUSD	−0.0560%	1h	0.09315	−0.075%	$542	$873	5x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0514% / S +0.0733%	1h	0.09327	+0.056%	$103K	—	100x	as long as short
Lighter XPL	−0.0432%	1h	0.09329	+0.075%	$4.2M	$2.5M	10x	as long as short
Bybit XPLUSDT	−0.0353%	4h	0.09323	+0.011%	$43.6M	$52.4M	75x	as long as short
Deribit XPL_USDC-PERPETUAL	−0.0286%	1h	0.09329	+0.075%	$47K	$19K	25x	as long as short
Polymarket Perps XPL-USD	−0.0245%	1h	0.09319	−0.033%	$37K	$1.2M	10x	as long as short
Orderly PERP_XPL_USDC	−0.0145%	4h	0.09323	+0.011%	$29K	$89K	10x	as long as short
Paradex XPL-USD-PERP	−0.0099%	8h	0.09330	+0.090%	$12K	$696	5x	as long as short
Binance XPLUSDT	−0.0069%	4h	0.09323	+0.011%	$42.9M	$94.7M	75x	as long as short
MEXC XPL_USDT	−0.0066%	4h	0.09319	−0.032%	$12.3M	$6.5M	100x	as long as short

Show all 36 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX XPL-USDT-SWAP	−0.0012%	4h	0.09327	+0.054%	$7.1M	$45.2M	50x	as long as short
dYdX XPL-USDshort	0.0000%	1h	0.09341	+0.206%	$9K	$1K	5x
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−18.787%	—	—	—	as long as short
Nado XPL-PERP	+0.0004%	1h	0.09318	−0.038%	$1.1M	$2.3M	10x	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09328	+0.069%	$70K	—	150x	as long as short
Gate XPL_USDTlong	+0.0024%	4h	0.09322	long leg	$2.8M	$2.7M	75x
Backpack XPL_USDC_PERP	+0.0063%	1h	0.09311	−0.118%	$180K	$172K	10x	as long as short
Aevo XPL-PERP	+0.0064%	1h	0.09336	+0.153%	$28K	$18K	3x	as long as short
Extended XPL-USD	+0.0072%	1h	0.09322	−0.002%	$589K	$1.1M	25x	as long as short
Hyperliquid XPL	+0.0100%	1h	0.09332	+0.112%	$58.7M	$40.3M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09331	+0.091%	$242K	$366K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09340	+0.195%	$208K	$50K	10x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09357	+0.380%	$136K	$5K	10x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09328	+0.064%	$2.2M	$1.3M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09333	+0.118%	$8.8M	$9.6M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09325	+0.032%	—	$7.7M	—	as long as short
Variational Omni XPL	+0.0100%	4h	0.09314	−0.085%	$1.8M	$1.9M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09320	−0.021%	$249K	$1.3M	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09320	−0.021%	$24K	$67K	50x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09310	−0.129%	$3K	$1.4M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09330	+0.086%	$179	$9K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09318	−0.043%	$130K	$166K	20x	as long as short
Phoenix XPL	+0.0170%	1h	0.09368	+0.493%	$189K	$435K	10x	as long as short
BloFin XPL-USDT	+0.0172%	4h	0.09300	−0.236%	$1.7M	$821K	75x	as long as short
Coinbase International XPL-PERP-INTX	+0.0608%	1h	0.09455	+1.427%	$63K	$86K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.1201%	1h	0.09350	+0.298%	$552K	$988K	10x	as long as short