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% APRpaid last 24h −0.001%

Price spread now: KuCoin against Nado+0.058%7-day average −0.045% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$63as in the Price arb table

costs, in and out, $10k−$730.728% of the position

Long on Nado Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.001%$0 on $10k

Price spread, last 7 days−0.170%−$17 · spread now +0.058%, 7d avg −0.045%

Together, before fees−0.171%+ Points / potential airdropNado: Active · farm board−$17 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 0.103% dearer against Nado than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of −0.045%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado XPL-PERP	0.09556	0.0100	pay 0.0012% / 1h	5m 22s	$1.3M	$2.2M	10x
Short	KuCoin XPLUSDTM	0.09562	0.0100	get 0.0050% / 4h	5m 22s	$2.3M	$1.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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

Position, each leg$Hold fordaysFee NadobpFee KuCoinbpOrdersPrice spread, now +0.058%Rate

Funding earned: $0
Price spread: +0.058% → −0.045%: $10.27
Slippage, 4 orders: −$53.82
Fee Nado: 3.5 bp × 2 orders: −$7
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$62.55
Costs to cover: 0.728%
Break-even: 6426572776033214.0 days

Slippage from Nado: live order book, 3 min ago; KuCoin: live order book, 1 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 Nado live order book, 3 min ago	2.09 bp	7.5 bp −$8	19.3 bp −$193	doesn't fit	doesn't fit
Sell KuCoin live order book, 1 min ago	9.94 bp	28.9 bp −$29	157.8 bp −$1,578	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	−0.1368%	1h	0.09539	−0.183%	$4.3M	$3.2M	10x	as long as short
01 Exchange XPLUSD	−0.0448%	1h	0.09558	+0.016%	$556	$873	5x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0234% / S +0.0570%	1h	0.09560	+0.039%	$106K	—	100x	as long as short
Deribit XPL_USDC-PERPETUAL	−0.0168%	1h	0.09559	+0.026%	$46K	$18K	25x	as long as short
Bybit XPLUSDT	−0.0041%	4h	0.09558	+0.016%	$45.5M	$53.8M	75x	as long as short
Paradex XPL-USD-PERP	−0.0038%	8h	0.09550	−0.066%	$12K	$696	5x	as long as short
Orderly PERP_XPL_USDC	−0.0025%	4h	0.09560	+0.037%	$30K	$277K	10x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09562	+0.058%	$9K	$600	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−20.779%	—	—	—	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09565	+0.089%	$72K	—	150x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX XPL-USDT-SWAP	+0.0036%	4h	0.09558	+0.016%	$7.7M	$47.7M	50x	as long as short
Nado XPL-PERPlong	+0.0100%	1h	0.09556	long leg	$1.3M	$2.2M	10x
Hyperliquid XPL	+0.0100%	1h	0.09580	+0.245%	$60.5M	$46.0M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09570	+0.145%	$253K	$406K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09559	+0.021%	$219K	$46K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09559	+0.031%	$43.3M	$97.6M	75x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09563	+0.070%	$139K	$0	10x	as long as short
Gate XPL_USDT	+0.0100%	4h	0.09562	+0.058%	$2.9M	$3.4M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09560	+0.037%	$12.5M	$6.6M	100x	as long as short
KuCoin XPLUSDTMshort	+0.0100%	4h	0.09562	+0.058%	$2.3M	$1.2M	50x
Bitget XPLUSDT	+0.0100%	4h	0.09573	+0.173%	$9.0M	$9.8M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09558	+0.016%	—	$7.8M	—	as long as short
Backpack XPL_USDC_PERP	+0.0100%	1h	0.09556	−0.005%	$179K	$180K	10x	as long as short
Variational Omni XPL	+0.0100%	4h	0.09553	−0.034%	$1.7M	$1.9M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09560	+0.042%	$254K	$1.3M	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09570	+0.141%	$25K	$74K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09573	+0.170%	$125K	$1.7M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09540	−0.173%	$3K	$1.6M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09560	+0.037%	$192	$9K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09563	+0.068%	$132K	$212K	20x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09554	−0.024%	$595K	$1.2M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09564	+0.074%	$28K	$18K	3x	as long as short
Phoenix XPL	+0.0249%	1h	0.09584	+0.288%	$194K	$495K	10x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09557	+0.005%	$1.7M	$928K	75x	as long as short
Coinbase International XPL-PERP-INTX	+0.0808%	1h	0.09588	+0.330%	$64K	$92K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.2736%	1h	0.09588	+0.329%	$541K	$939K	10x	as long as short