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

XPL

all XPL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC+0.0238%/8h= +26.1% APRnext payment +$0.30 per $10,000 · paid last 24h +0.023%
Price spread now: gTrade (Gains Network) against GMX+0.006%7-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
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$7 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGMX XPL/USD [WBTC.b-USDC]0.09587L −0.0234% / S +0.0570%get 0.0029% / 1h48m 59s$106K100x
ShortgTrade (Gains Network) XPL/USD0.09588L +0.0005% / S −0.0004%get 0.0000% / 1h48m 59s$72K150x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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
$50.07
Price spread: +0.006% → 0.000%
$0.63
Slippage, 4 orders
no order book: not counted
Fee GMX: 6 bp × 2 orders
−$12
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Net
$28.7
Costs to cover
0.220%
Break-even
3.0 days
Slippage unknown: GMX: no order-book sample; 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
LegHalf-spread$10k$100k$1M$5M
Buy GMX no order-book sample
Sell gTrade (Gains Network) no order-book sample
GMX and 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Deribit XPL_USDC-PERPETUAL−0.0272%1h0.09582−0.051%$46K$18K25xas long as short
GMX XPL/USD [WBTC.b-USDC]longL −0.0234% / S +0.0570%1h0.09587long leg$106K100x
01 Exchange XPLUSD−0.0192%1h0.09577−0.103%$557$7085xas long as short
Lighter XPL−0.0016%1h0.09570−0.176%$4.3M$3.0M10xas long as short
dYdX XPL-USD0.0000%1h0.09588+0.010%$9K$6005xas long as short
Reya XPLRUSDPERP0.0000%1h0.07571−21.029%as long as short
gTrade (Gains Network) XPL/USDshortL +0.0005% / S −0.0004%1h0.09588+0.006%$72K150x
Orderly PERP_XPL_USDC+0.0015%4h0.09580−0.072%$29K$329K10xas long as short
Paradex XPL-USD-PERP+0.0060%8h0.09581−0.063%$12K$6965xas long as short
Nado XPL-PERP+0.0100%1h0.09582−0.051%$1.2M$2.4M10xas long as short
Show all 36 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid XPL+0.0100%1h0.09591+0.047%$60.5M$46.8M10xas long as short
Aster XPLUSDT+0.0100%4h0.09578−0.093%$248K$425K20xas long as short
Pacifica XPL+0.0100%1h0.09591+0.044%$219K$47K10xas long as short
Binance XPLUSDT+0.0100%4h0.09567−0.205%$43.4M$100.9M75xas long as short
Bybit XPLUSDT+0.0100%4h0.09567−0.208%$45.3M$54.3M75xas long as short
OKX XPL-USDT-SWAP+0.0100%4h0.09571−0.166%$8.1M$48.4M50xas long as short
Bulk XPL-USD+0.0100%1h0.09592+0.049%$140K$010xas long as short
Gate XPL_USDT+0.0100%4h0.09581−0.062%$3.1M$3.4M75xas long as short
MEXC XPL_USDT+0.0100%4h0.09569−0.187%$12.5M$6.9M100xas long as short
KuCoin XPLUSDTM+0.0100%4h0.09584−0.030%$2.3M$1.4M50xas long as short
Bitget XPLUSDT+0.0100%4h0.09577−0.103%$9.1M$9.8M75xas long as short
BingX XPL-USDT+0.0100%4h0.09575−0.124%$7.8Mas long as short
Backpack XPL_USDC_PERP+0.0100%1h0.09582−0.051%$174K$190K10xas long as short
Variational Omni XPL+0.0100%4h0.09610+0.239%$1.7M$1.9Mas long as short
GRVT XPL_USDT_Perp+0.0100%4h0.09608+0.225%$258K$1.1M10xas long as short
ApeX Omni XPLUSDT+0.0100%1h0.09620+0.345%$25K$77K50xas long as short
Polymarket Perps XPL-USD+0.0100%1h0.09592+0.057%$128K$2.0M10xas long as short
SunX XPL-USDT+0.0100%4h0.09560−0.281%$2K$1.7M20xas long as short
SoDEX XPL-USD+0.0100%1h0.09580−0.072%$200$12K10xas long as short
HTX XPL-USDT+0.0100%4h0.09596+0.095%$140K$184K20xas long as short
Extended XPL-USD+0.0104%1h0.09567−0.209%$637K$1.2M25xas long as short
Aevo XPL-PERP+0.0104%1h0.09580−0.072%$28K$18K3xas long as short
Phoenix XPL+0.0251%1h0.09626+0.408%$195K$536K10xas long as short
BloFin XPL-USDT+0.0340%4h0.09575−0.124%$1.7M$946K75xas long as short
Coinbase International XPL-PERP-INTX+0.0592%1h0.09640+0.554%$67K$91K50xas long as short
Kraken Futures PF_XPLUSD+0.2892%1h0.09612+0.259%$546K$988K10xas long as short