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−0.0100%/8h= −10.9% APRnext payment $0.12 per $10,000 · paid last 24h −0.031%
Price spread now: dYdX against Nado−0.032%71s7-day average · you buy dearer than you sell
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 fees+ Points / potential airdropNado: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and dYdX is 0.032% cheaper against Nado than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 71 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongNado XPL-PERP0.095760.0100pay 0.0012% / 1h29m 33s$1.2M$2.2M10x
ShortdYdX XPL-USD0.095730get 0.0000% / 1h29m 33s$9K$6005x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

dYdX against Nado. 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
−$21
Price spread: −0.032% → 0.000%
−$3.25
Slippage, 4 orders
no order book: not counted
Fee Nado: 3.5 bp × 2 orders
−$7
Fee dYdX: 5 bp × 2 orders
−$10
Net
−$41.25
Costs to cover
0.170%
Break-even
never at this rate
Slippage unknown: Nado: live order book, 4 min ago; dYdX: 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 Nado live order book, 4 min ago1.57 bp7.7 bp −$818.4 bp −$184doesn't fitdoesn't fit
Sell dYdX no order-book sample
dYdX: 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−0.1160%1h0.09560−0.164%$4.3M$3.2M10xas long as short
01 Exchange XPLUSD−0.0368%1h0.09582+0.065%$639$7905xas long as short
GMX XPL/USD [WBTC.b-USDC]L −0.0313% / S +0.0615%1h0.09577+0.015%$106K100xas long as short
Deribit XPL_USDC-PERPETUAL−0.0063%1h0.09574−0.018%$46K$18K25xas long as short
Orderly PERP_XPL_USDC−0.0004%4h0.09571−0.050%$30K$266K10xas long as short
dYdX XPL-USDshort0.0000%1h0.09573−0.032%$9K$6005x
Reya XPLRUSDPERP0.0000%1h0.07571−20.940%as long as short
gTrade (Gains Network) XPL/USDL +0.0005% / S −0.0004%1h0.09570−0.060%$72K150xas long as short
Paradex XPL-USD-PERP+0.0059%8h0.09583+0.072%$12K$6965xas long as short
Nado XPL-PERPlong+0.0100%1h0.09576long leg$1.2M$2.2M10x
Show all 36 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid XPL+0.0100%1h0.09595+0.199%$60.6M$46.2M10xas long as short
Aster XPLUSDT+0.0100%4h0.09590+0.151%$253K$415K20xas long as short
Pacifica XPL+0.0100%1h0.09580+0.044%$219K$47K10xas long as short
Binance XPLUSDT+0.0100%4h0.09582+0.068%$43.4M$97.1M75xas long as short
Bybit XPLUSDT+0.0100%4h0.09578+0.023%$45.7M$53.2M75xas long as short
OKX XPL-USDT-SWAP+0.0100%4h0.09580+0.044%$7.9M$47.7M50xas long as short
Bulk XPL-USD+0.0100%1h0.09565−0.112%$139K$010xas long as short
Gate XPL_USDT+0.0100%4h0.09582+0.065%$3.0M$3.4M75xas long as short
MEXC XPL_USDT+0.0100%4h0.09581+0.055%$12.5M$6.8M100xas long as short
KuCoin XPLUSDTM+0.0100%4h0.09568−0.081%$2.3M$1.3M50xas long as short
Bitget XPLUSDT+0.0100%4h0.09589+0.138%$8.8M$9.6M75xas long as short
BingX XPL-USDT+0.0100%4h0.09584+0.086%$7.8Mas long as short
Backpack XPL_USDC_PERP+0.0100%1h0.09577+0.013%$177K$188K10xas long as short
Variational Omni XPL+0.0100%4h0.09566−0.104%$1.7M$1.9Mas long as short
GRVT XPL_USDT_Perp+0.0100%4h0.09565−0.115%$260K$1.2M10xas long as short
ApeX Omni XPLUSDT+0.0100%1h0.09590+0.149%$25K$77K50xas long as short
Polymarket Perps XPL-USD+0.0100%1h0.09591+0.158%$125K$1.8M10xas long as short
SunX XPL-USDT+0.0100%4h0.09550−0.269%$2K$1.6M20xas long as short
SoDEX XPL-USD+0.0100%1h0.09570−0.060%$199$9K10xas long as short
HTX XPL-USDT+0.0100%4h0.09559−0.175%$132K$213K20xas long as short
Extended XPL-USD+0.0104%1h0.09582+0.070%$602K$1.2M25xas long as short
Aevo XPL-PERP+0.0104%1h0.09570−0.057%$28K$18K3xas long as short
Phoenix XPL+0.0248%1h0.09577+0.013%$194K$506K10xas long as short
BloFin XPL-USDT+0.0340%4h0.09573−0.029%$1.7M$933K75xas long as short
Coinbase International XPL-PERP-INTX+0.0664%1h0.09718+1.486%$66K$92K50xas long as short
Kraken Futures PF_XPLUSD+0.2853%1h0.09596+0.207%$544K$933K10xas long as short