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

XPL

all XPL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC+0.0413%/8h= +45.2% APRnext payment +$0.52 per $10,000 · paid last 24h +0.056%
Price spread now: ApeX Omni against GMX+0.119%68s7-day average · you sell dearer than you buy
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 for this trade now. Funding pays +$12 a day on $10k at the current rate, and ApeX Omni is 0.119% dearer against GMX than usual: you sell high and buy low: +$12 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 68 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGMX XPL/USD [WBTC.b-USDC]0.09619L −0.0313% / S +0.0615%get 0.0039% / 1h47m 58s$106K100x
ShortApeX Omni XPLUSDT0.096300.0100get 0.0013% / 1h47m 58s$25K$77K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against GMX. 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
$86.65
Price spread: +0.119% → 0.000%
$11.85
Slippage, 4 orders
no order book: not counted
Fee GMX: 6 bp × 2 orders
−$12
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
$76.51
Costs to cover
0.220%
Break-even
0.8 days
Slippage unknown: GMX: no order-book sample; ApeX Omni: 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 GMX no order-book sample
Sell ApeX Omni no order-book sample
GMX and ApeX Omni: 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−0.0880%1h0.09602−0.173%$4.3M$3.1M10xas long as short
01 Exchange XPLUSD−0.0416%1h0.09609−0.100%$559$7085xas long as short
Deribit XPL_USDC-PERPETUAL−0.0374%1h0.09616−0.027%$46K$18K25xas long as short
GMX XPL/USD [WBTC.b-USDC]longL −0.0313% / S +0.0615%1h0.09619long leg$106K100x
dYdX XPL-USD0.0000%1h0.09627+0.088%$9K$6005xas long as short
Reya XPLRUSDPERP0.0000%1h0.07571−21.289%as long as short
Orderly PERP_XPL_USDC+0.0001%4h0.09613−0.058%$30K$280K10xas long as short
gTrade (Gains Network) XPL/USDL +0.0005% / S −0.0004%1h0.09620+0.013%$73K150xas long as short
Paradex XPL-USD-PERP+0.0050%8h0.09620+0.017%$13K$6965xas long as short
Backpack XPL_USDC_PERP+0.0054%1h0.09620+0.015%$177K$189K10xas long as short
Show all 36 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Nado XPL-PERP+0.0100%1h0.09614−0.043%$1.2M$2.2M10xas long as short
Hyperliquid XPL+0.0100%1h0.09631+0.126%$60.9M$46.3M10xas long as short
Aster XPLUSDT+0.0100%4h0.09628+0.097%$254K$415K20xas long as short
Pacifica XPL+0.0100%1h0.09633+0.148%$220K$46K10xas long as short
Binance XPLUSDT+0.0100%4h0.09617−0.014%$43.5M$97.2M75xas long as short
Bybit XPLUSDT+0.0100%4h0.09617−0.017%$45.6M$52.9M75xas long as short
OKX XPL-USDT-SWAP+0.0100%4h0.09616−0.027%$8.0M$47.9M50xas long as short
Bulk XPL-USD+0.0100%1h0.09620+0.015%$140K$010xas long as short
Gate XPL_USDT+0.0100%4h0.09614−0.048%$3.0M$3.3M75xas long as short
MEXC XPL_USDT+0.0100%4h0.09616−0.027%$12.6M$6.8M100xas long as short
KuCoin XPLUSDTM+0.0100%4h0.09614−0.048%$2.3M$1.3M50xas long as short
Bitget XPLUSDT+0.0100%4h0.09623+0.046%$8.9M$9.5M75xas long as short
BingX XPL-USDT+0.0100%4h0.09619+0.004%$7.8Mas long as short
Variational Omni XPL+0.0100%4h0.09621+0.024%$1.7M$1.9Mas long as short
GRVT XPL_USDT_Perp+0.0100%4h0.09627+0.086%$263K$1.2M10xas long as short
ApeX Omni XPLUSDTshort+0.0100%1h0.09630+0.119%$25K$77K50x
Polymarket Perps XPL-USD+0.0100%1h0.09623+0.048%$126K$1.8M10xas long as short
SunX XPL-USDT+0.0100%4h0.09600−0.193%$2K$1.6M20xas long as short
SoDEX XPL-USD+0.0100%1h0.09610−0.089%$201$9K10xas long as short
HTX XPL-USDT+0.0100%4h0.09621+0.025%$133K$215K20xas long as short
Extended XPL-USD+0.0104%1h0.09613−0.055%$606K$1.2M25xas long as short
Aevo XPL-PERP+0.0104%1h0.09610−0.089%$29K$18K3xas long as short
Phoenix XPL+0.0248%1h0.09625+0.067%$195K$506K10xas long as short
BloFin XPL-USDT+0.0340%4h0.09615−0.037%$1.7M$938K75xas long as short
Coinbase International XPL-PERP-INTX+0.0664%1h0.09718+1.033%$66K$92K50xas long as short
Kraken Futures PF_XPLUSD+0.2837%1h0.09652+0.344%$548K$935K10xas long as short