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: SunX against OKX−0.093%7-day average −0.178% · you buy dearer than you sell

Net, funding: paid 7d − costs−$331as in the Funding arb table

Net, price: spread back to 7d avg − costs−$328as in the Price arb table

costs, in and out, $10k−$3363.361% of the position

Long on OKX Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.053%+$5 on $10k

Price spread, last 4 days (all we have)−0.288%−$29 · spread now −0.093%, 7d avg −0.178%

Together, before fees−0.235%−$24 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: SunX is 0.085% dearer against OKX than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of −0.178%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX XPL-USDT-SWAP	0.09669	0.0100	pay 0.0050% / 4h	3h 21m	$8.2M	$48.7M	50x
Short	SunX XPL-USDT	0.09660	0.0100	get 0.0050% / 4h	3h 21m	$2K	$1.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against OKX. 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 OKXbpFee SunXbpOrdersPrice spread, now −0.093%Rate

Funding earned: $0
Price spread: −0.093% → −0.178%: $8.51
Slippage, 4 orders: −$318.1
Fee OKX: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$327.59
Costs to cover: 3.361%
Break-even: never at this rate

Slippage from OKX: live order book, 3 min ago; SunX: live order book, 4 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 OKX live order book, 3 min ago	0.52 bp	10.8 bp −$11	36.5 bp −$365	doesn't fit	doesn't fit
Sell SunX live order book, 4 min ago	36.29 bp	151.9 bp −$152	doesn't fit	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
01 Exchange XPLUSD	−0.0376%	1h	0.09670	+0.010%	$562	$708	5x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0304% / S +0.0610%	1h	0.09679	+0.100%	$107K	—	100x	as long as short
Deribit XPL_USDC-PERPETUAL	−0.0163%	1h	0.09675	+0.062%	$46K	$18K	25x	as long as short
Backpack XPL_USDC_PERP	−0.0101%	1h	0.09678	+0.093%	$176K	$189K	10x	as long as short
Bybit XPLUSDT	−0.0023%	4h	0.09670	+0.010%	$45.8M	$54.1M	75x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09679	+0.106%	$9K	$585	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−21.701%	—	—	—	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09679	+0.104%	$73K	—	150x	as long as short
Orderly PERP_XPL_USDC	+0.0012%	4h	0.09673	+0.041%	$29K	$339K	10x	as long as short
Paradex XPL-USD-PERP	+0.0058%	8h	0.09670	+0.009%	$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	+0.0072%	1h	0.09664	−0.052%	$4.4M	$3.0M	10x	as long as short
Nado XPL-PERP	+0.0100%	1h	0.09680	+0.109%	$1.2M	$2.4M	10x	as long as short
Hyperliquid XPL	+0.0100%	1h	0.09686	+0.180%	$61.4M	$46.6M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09679	+0.101%	$252K	$422K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09680	+0.114%	$221K	$46K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09669	0.000%	$43.9M	$100.8M	75x	as long as short
OKX XPL-USDT-SWAPlong	+0.0100%	4h	0.09669	long leg	$8.2M	$48.7M	50x
Bulk XPL-USD	+0.0100%	1h	0.09656	−0.134%	$141K	$5K	10x	as long as short
Gate XPL_USDT	+0.0100%	4h	0.09673	+0.041%	$3.1M	$3.5M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09671	+0.021%	$12.8M	$7.1M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09678	+0.093%	$2.3M	$1.4M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09678	+0.093%	$9.0M	$9.6M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09670	+0.010%	—	$7.8M	—	as long as short
Variational Omni XPL	+0.0100%	4h	0.09668	−0.013%	$1.7M	$1.9M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09666	−0.030%	$258K	$1.1M	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09660	−0.093%	$25K	$78K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09690	+0.218%	$129K	$2.0M	10x	as long as short
SunX XPL-USDTshort	+0.0100%	4h	0.09660	−0.093%	$2K	$1.7M	20x
SoDEX XPL-USD	+0.0100%	1h	0.09670	+0.010%	$203	$12K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09657	−0.124%	$141K	$186K	20x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09671	+0.019%	$653K	$1.1M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09672	+0.030%	$29K	$18K	3x	as long as short
Phoenix XPL	+0.0248%	1h	0.09662	−0.072%	$196K	$573K	10x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09673	+0.041%	$1.7M	$962K	75x	as long as short
Coinbase International XPL-PERP-INTX	+0.0640%	1h	0.09685	+0.165%	$75K	$76K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.3104%	1h	0.09702	+0.337%	$552K	$990K	10x	as long as short