Funding arb · Price arb /

XPL

all XPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0096%/8h= −10.5% APRpaid last 24h −0.029%

Price spread now: gTrade (Gains Network) against HTX+0.357%7-day average — · you sell dearer than you buy

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

Long on HTX Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 4 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 0.357% dearer against HTX than usual: you sell high and buy low (spread +0.357% now, against zero (this spread has no 7-day history yet)): +$36 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 12 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX XPL-USDT	0.09395	0.0100	pay 0.0050% / 4h	1h 08m	$132K	$218K	20x
Short	gTrade (Gains Network) XPL/USD	0.09429	L +0.0005% / S −0.0004%	get 0.0000% / 1h	8m 27s	$71K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against HTX. 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 HTXbpFee gTrade (Gains Network)bpOrdersPrice spread, now +0.357%Rate

Funding earned: −$20.17
Price spread: +0.357% → 0.000%: $35.7
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$6.47
Costs to cover: 0.220%
Break-even: from the start

Slippage unknown: HTX: live order book, 36 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 HTX live order book, 36 min ago	6.37 bp	19.3 bp −$19	doesn't fit	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 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	−0.0776%	1h	0.09377	−0.192%	$545	$873	5x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0475% / S +0.0710%	1h	0.09394	−0.013%	$104K	—	100x	as long as short
Bybit XPLUSDT	−0.0350%	4h	0.09392	−0.032%	$44.0M	$54.9M	75x	as long as short
Lighter XPL	−0.0328%	1h	0.09401	+0.064%	$4.3M	$3.1M	10x	as long as short
Orderly PERP_XPL_USDC	−0.0130%	4h	0.09390	−0.053%	$30K	$112K	10x	as long as short
Paradex XPL-USD-PERP	−0.0091%	8h	0.09406	+0.120%	$12K	$696	5x	as long as short
Deribit XPL_USDC-PERPETUAL	−0.0068%	1h	0.09428	+0.351%	$46K	$18K	25x	as long as short
MEXC XPL_USDT	−0.0060%	4h	0.09394	−0.011%	$12.7M	$6.7M	100x	as long as short
Binance XPLUSDT	−0.0060%	4h	0.09392	−0.032%	$43.1M	$98.7M	75x	as long as short
OKX XPL-USDT-SWAP	−0.0011%	4h	0.09395	0.000%	$7.1M	$48.1M	50x	as long as short

Show all 36 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Reya XPLRUSDPERP	0.0000%	1h	0.07570	−19.421%	—	—	—	as long as short
gTrade (Gains Network) XPL/USDshort	L +0.0005% / S −0.0004%	1h	0.09429	+0.357%	$71K	—	150x
Backpack XPL_USDC_PERP	+0.0010%	1h	0.09427	+0.341%	$185K	$173K	10x	as long as short
Extended XPL-USD	+0.0040%	1h	0.09398	+0.031%	$592K	$1.1M	25x	as long as short
Gate XPL_USDT	+0.0056%	4h	0.09401	+0.064%	$2.8M	$3.3M	75x	as long as short
Aevo XPL-PERP	+0.0064%	1h	0.09390	−0.053%	$28K	$18K	3x	as long as short
dYdX XPL-USD	+0.0074%	1h	0.09414	+0.202%	$9K	$1K	5x	as long as short
Nado XPL-PERP	+0.0100%	1h	0.09395	−0.003%	$1.2M	$2.3M	10x	as long as short
Hyperliquid XPL	+0.0100%	1h	0.09409	+0.148%	$59.0M	$42.9M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09393	−0.024%	$242K	$380K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09410	+0.160%	$209K	$52K	10x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09390	−0.053%	$137K	$5K	10x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09399	+0.043%	$2.3M	$1.5M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09399	+0.043%	$8.8M	$10.2M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09392	−0.032%	—	$7.7M	—	as long as short
Variational Omni XPL	+0.0100%	4h	0.09387	−0.084%	$1.8M	$2.0M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09393	−0.024%	$251K	$1.3M	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09390	−0.053%	$24K	$67K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09396	+0.012%	$37K	$1.3M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09420	+0.266%	$2K	$1.5M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09430	+0.373%	$180	$9K	10x	as long as short
HTX XPL-USDTlong	+0.0100%	4h	0.09395	long leg	$132K	$218K	20x
BloFin XPL-USDT	+0.0177%	4h	0.09424	+0.309%	$1.7M	$862K	75x	as long as short
Phoenix XPL	+0.0252%	1h	0.09407	+0.128%	$190K	$435K	10x	as long as short
Coinbase International XPL-PERP-INTX	+0.0712%	1h	0.09423	+0.298%	$63K	$86K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.1354%	1h	0.09447	+0.551%	$556K	$1.0M	10x	as long as short