Funding arb · Price arb /

XPL

all XPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0097%/8h= −10.6% APRpaid last 24h −0.026%

Price spread now: gTrade (Gains Network) against Gate+0.050%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 gTrade (Gains Network)

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

The price spread pays, funding is against you. gTrade (Gains Network) is 0.050% dearer against Gate than usual: you sell high and buy low (spread +0.050% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 42 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate XPL_USDT	0.09842	0.0100	pay 0.0050% / 4h	3h 34m	$3.1M	$4.0M	75x
Short	gTrade (Gains Network) XPL/USD	0.09847	L +0.0005% / S −0.0003%	get 0.0000% / 1h	34m 26s	$77K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now +0.050%Rate

Funding earned: −$20.28
Price spread: +0.050% → 0.000%: $5.05
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$40.23
Costs to cover: 0.250%
Break-even: never at this rate

Slippage unknown: Gate: live order book, 4 min ago; gTrade (Gains Network): 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, 4 min ago	1.02 bp	23.7 bp −$24	147.6 bp −$1,476	doesn't fit	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

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
GMX XPL/USD [WBTC.b-USDC]	L −0.0162% / S +0.0539%	1h	0.09833	−0.090%	$113K	—	100x	as long as short
Backpack XPL_USDC_PERP	−0.0146%	1h	0.09835	−0.071%	$182K	$272K	10x	as long as short
01 Exchange XPLUSD	−0.0136%	1h	0.09847	+0.051%	$573	$708	5x	as long as short
Lighter XPL	−0.0104%	1h	0.09833	−0.091%	$4.4M	$4.2M	10x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09839	−0.026%	$8K	—	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07570	−23.081%	—	—	—	as long as short
Deribit XPL_USDC-PERPETUAL	0.0000%	1h	0.09835	−0.071%	$47K	$18K	25x	as long as short
gTrade (Gains Network) XPL/USDshort	L +0.0005% / S −0.0003%	1h	0.09847	+0.050%	$77K	—	150x
Orderly PERP_XPL_USDC	+0.0030%	4h	0.09830	−0.122%	$30K	$335K	10x	as long as short
Paradex XPL-USD-PERP	+0.0042%	8h	0.09842	0.000%	$13K	$2K	5x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster XPLUSDT	+0.0100%	4h	0.09849	+0.068%	$255K	$533K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09845	+0.034%	$224K	$46K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09844	+0.020%	$45.0M	$108.7M	75x	as long as short
Bybit XPLUSDT	+0.0100%	4h	0.09839	−0.030%	$47.6M	$55.6M	75x	as long as short
OKX XPL-USDT-SWAP	+0.0100%	4h	0.09834	−0.081%	$8.7M	$55.6M	50x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09765	−0.780%	$142K	$2K	10x	as long as short
Gate XPL_USDTlong	+0.0100%	4h	0.09842	long leg	$3.1M	$4.0M	75x
MEXC XPL_USDT	+0.0100%	4h	0.09844	+0.020%	$12.9M	$7.6M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09847	+0.051%	$2.4M	$1.5M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09844	+0.020%	$8.7M	$11.1M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09841	−0.010%	—	$7.9M	—	as long as short
Variational Omni XPL	+0.0100%	4h	0.09825	−0.173%	$1.7M	$1.9M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09768	−0.755%	$258K	$840K	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09820	−0.224%	$25K	$87K	50x	as long as short
Nado XPL-PERP	+0.0100%	1h	0.09843	+0.010%	$1.4M	$2.6M	10x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09852	+0.097%	$132K	$2.7M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09820	−0.224%	$3K	$2.0M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09830	−0.122%	$198	$10K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09790	−0.528%	$142K	$242K	20x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09841	−0.015%	$665K	$1.1M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09831	−0.117%	$29K	$18K	3x	as long as short
Phoenix XPL	+0.0163%	1h	0.09823	−0.193%	$199K	$655K	10x	as long as short
Hyperliquid XPL	+0.0183%	1h	0.09862	+0.207%	$63.8M	$47.2M	10x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09830	−0.122%	$1.8M	$1.2M	75x	as long as short
Coinbase International XPL-PERP-INTX	+0.0376%	1h	0.09845	+0.030%	$73K	$96K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.5040%	1h	0.09871	+0.294%	$572K	$1.0M	10x	as long as short