Funding arb · Price arb /

XPL

all XPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: KuCoin against MEXC−0.042%7-day average +0.011% · you buy dearer than you sell

Net, funding: paid 7d − costs−$62as in the Funding arb table

Net, price: spread back to 7d avg − costs−$70as in the Price arb table

costs, in and out, $10k−$650.646% of the position

Long on MEXC Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.024%+$2 on $10k

Price spread, last 7 days+0.046%+$5 · spread now −0.042%, 7d avg +0.011%

Together, before fees+0.070%+$7 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: KuCoin is 0.053% cheaper against MEXC than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.011%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC XPL_USDT	0.09586	0.0100	pay 0.0050% / 4h	58m 13s	$12.6M	$6.5M	100x
Short	KuCoin XPLUSDTM	0.09582	0.0100	get 0.0050% / 4h	58m 13s	$2.3M	$1.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against MEXC. 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 MEXCbpFee KuCoinbpOrdersPrice spread, now −0.042%Rate

Funding earned: $0
Price spread: −0.042% → +0.011%: −$5.27
Slippage, 4 orders: −$52.63
Fee MEXC: 0 bp × 2 orders: $0
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$69.9
Costs to cover: 0.646%
Break-even: never at this rate

Slippage from MEXC: live order book, 5 min ago; KuCoin: live order book, 8 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 MEXC live order book, 5 min ago	1.04 bp	3.2 bp −$3	12.4 bp −$124	99.0 bp −$9,904	236.3 bp −$118.2K
Sell KuCoin live order book, 8 min ago	8.29 bp	32.1 bp −$32	157.6 bp −$1,576	doesn't fit	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
Lighter XPL	−0.1264%	1h	0.09573	−0.136%	$4.3M	$3.1M	10x	as long as short
01 Exchange XPLUSD	−0.0440%	1h	0.09570	−0.167%	$556	$873	5x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0313% / S +0.0615%	1h	0.09595	+0.091%	$106K	—	100x	as long as short
Deribit XPL_USDC-PERPETUAL	−0.0167%	1h	0.09591	+0.052%	$46K	$18K	25x	as long as short
Backpack XPL_USDC_PERP	−0.0060%	1h	0.09596	+0.104%	$180K	$187K	10x	as long as short
Orderly PERP_XPL_USDC	−0.0011%	4h	0.09587	+0.010%	$30K	$246K	10x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09587	+0.011%	$9K	$600	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−21.022%	—	—	—	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09594	+0.078%	$72K	—	150x	as long as short
Paradex XPL-USD-PERP	+0.0038%	8h	0.09575	−0.112%	$12K	$696	5x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado XPL-PERP	+0.0100%	1h	0.09577	−0.094%	$1.2M	$2.2M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09593	+0.077%	$253K	$420K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09582	−0.037%	$219K	$46K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09588	+0.021%	$43.5M	$97.7M	75x	as long as short
Bybit XPLUSDT	+0.0100%	4h	0.09584	−0.021%	$45.7M	$53.5M	75x	as long as short
OKX XPL-USDT-SWAP	+0.0100%	4h	0.09594	+0.083%	$7.8M	$47.8M	50x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09614	+0.292%	$140K	$0	10x	as long as short
Gate XPL_USDT	+0.0100%	4h	0.09598	+0.125%	$3.0M	$3.3M	75x	as long as short
MEXC XPL_USDTlong	+0.0100%	4h	0.09586	long leg	$12.6M	$6.5M	100x
KuCoin XPLUSDTMshort	+0.0100%	4h	0.09582	−0.042%	$2.3M	$1.2M	50x
Bitget XPLUSDT	+0.0100%	4h	0.09600	+0.146%	$9.0M	$9.8M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09591	+0.052%	—	$7.8M	—	as long as short
Variational Omni XPL	+0.0100%	4h	0.09615	+0.301%	$1.7M	$2.0M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09618	+0.335%	$262K	$1.3M	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09630	+0.459%	$25K	$75K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09590	+0.046%	$126K	$1.8M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09570	−0.167%	$2K	$1.6M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09590	+0.042%	$197	$9K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09578	−0.083%	$132K	$213K	20x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09584	−0.018%	$601K	$1.2M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09585	−0.010%	$28K	$18K	3x	as long as short
Hyperliquid XPL	+0.0134%	1h	0.09611	+0.261%	$60.7M	$46.1M	10x	as long as short
Phoenix XPL	+0.0248%	1h	0.09637	+0.532%	$195K	$489K	10x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09583	−0.031%	$1.7M	$931K	75x	as long as short
Coinbase International XPL-PERP-INTX	+0.0808%	1h	0.09718	+1.377%	$66K	$92K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.2726%	1h	0.09622	+0.377%	$546K	$932K	10x	as long as short