Funding arb · Price arb /

XPL

all XPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Binance against KuCoin+0.083%7-day average −0.016% · you sell dearer than you buy

Net, funding: paid 7d − costs−$92as in the Funding arb table

Net, price: spread back to 7d avg − costs−$80as in the Price arb table

costs, in and out, $10k−$890.895% of the position

Long on KuCoin Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.029%−$3 on $10k

Price spread, last 7 days−0.083%−$8 · spread now +0.083%, 7d avg −0.016%

Together, before fees−0.112%−$11 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.099% dearer against KuCoin than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of −0.016%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin XPLUSDTM	0.09622	0.0100	pay 0.0050% / 4h	14m 47s	$2.3M	$1.4M	50x
Short	Binance XPLUSDT	0.09630	0.0100	get 0.0050% / 4h	14m 47s	$43.7M	$103.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against KuCoin. 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 KuCoinbpFee BinancebpOrdersPrice spread, now +0.083%Rate

Funding earned: $0
Price spread: +0.083% → −0.016%: $9.87
Slippage, 4 orders: −$67.47
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$79.6
Costs to cover: 0.895%
Break-even: never at this rate

Slippage from KuCoin: live order book, 2 min ago; Binance: live order book, 13 min ago.

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 KuCoin live order book, 2 min ago	6.76 bp	34.3 bp −$34	147.9 bp −$1,479	doesn't fit	doesn't fit
Sell Binance live order book, 13 min ago	0.52 bp	10.0 bp −$10	20.8 bp −$208	102.8 bp −$10.3K	doesn't fit

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
01 Exchange XPLUSD	−0.0360%	1h	0.09634	+0.125%	$560	$708	5x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0317% / S +0.0618%	1h	0.09635	+0.138%	$106K	—	100x	as long as short
Deribit XPL_USDC-PERPETUAL	−0.0165%	1h	0.09631	+0.094%	$46K	$18K	25x	as long as short
Bybit XPLUSDT	−0.0087%	4h	0.09628	+0.062%	$45.6M	$54.7M	75x	as long as short
Backpack XPL_USDC_PERP	−0.0060%	1h	0.09633	+0.114%	$178K	$223K	10x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09631	+0.090%	$9K	$585	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−21.318%	—	—	—	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09635	+0.140%	$73K	—	150x	as long as short
Orderly PERP_XPL_USDC	+0.0016%	4h	0.09627	+0.052%	$29K	$339K	10x	as long as short
Paradex XPL-USD-PERP	+0.0082%	8h	0.09631	+0.097%	$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
Lighter XPL	+0.0096%	1h	0.09622	0.000%	$4.4M	$3.3M	10x	as long as short
Gate XPL_USDT	+0.0096%	4h	0.09630	+0.083%	$3.0M	$3.6M	75x	as long as short
Nado XPL-PERP	+0.0100%	1h	0.09630	+0.078%	$1.2M	$2.6M	10x	as long as short
Hyperliquid XPL	+0.0100%	1h	0.09647	+0.257%	$60.9M	$46.7M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09641	+0.202%	$251K	$469K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09638	+0.165%	$220K	$46K	10x	as long as short
Binance XPLUSDTshort	+0.0100%	4h	0.09630	+0.083%	$43.7M	$103.0M	75x
OKX XPL-USDT-SWAP	+0.0100%	4h	0.09633	+0.114%	$8.3M	$49.4M	50x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09627	+0.052%	$12.3M	$7.8M	100x	as long as short
KuCoin XPLUSDTMlong	+0.0100%	4h	0.09622	long leg	$2.3M	$1.4M	50x
Bitget XPLUSDT	+0.0100%	4h	0.09638	+0.166%	$8.7M	$10.1M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09631	+0.094%	—	$7.9M	—	as long as short
Variational Omni XPL	+0.0100%	4h	0.09622	−0.002%	$1.7M	$1.9M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09631	+0.096%	$267K	$997K	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09640	+0.187%	$25K	$78K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09646	+0.254%	$124K	$2.0M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09610	−0.125%	$3K	$1.8M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09620	−0.021%	$201	$12K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09599	−0.239%	$140K	$206K	20x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09630	+0.083%	$140K	$5K	10x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09627	+0.056%	$653K	$1.1M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09630	+0.083%	$29K	$18K	3x	as long as short
Phoenix XPL	+0.0334%	1h	0.09627	+0.052%	$195K	$617K	10x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09629	+0.073%	$1.7M	$984K	75x	as long as short
Coinbase International XPL-PERP-INTX	+0.0616%	1h	0.09676	+0.561%	$75K	$87K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.3300%	1h	0.09668	+0.475%	$548K	$975K	10x	as long as short