Settings8H · net · $10k
Funding arb · Price arb /

XPL

all XPL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC−0.0096%/8h= −10.5% APRnext payment $0.12 per $10,000 · paid last 24h −0.029%
Price spread now: gTrade (Gains Network) against Pacifica−0.142%7-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 airdropPacifica: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and gTrade (Gains Network) is 0.142% cheaper against Pacifica than usual: you would sell low and buy high (−$14 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPacifica XPL0.096270.0100pay 0.0013% / 1h21m 05s$220K$46K10x
ShortgTrade (Gains Network) XPL/USD0.09613L +0.0005% / S −0.0004%get 0.0000% / 1h21m 05s$72K150x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against Pacifica. 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
−$20.17
Price spread: −0.142% → 0.000%
−$14.23
Slippage, 4 orders
no order book: not counted
Fee Pacifica: 4 bp × 2 orders
−$8
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Net
−$52.4
Costs to cover
0.180%
Break-even
never at this rate
Slippage unknown: Pacifica: live order book, 37 min ago; gTrade (Gains Network): 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 Pacifica live order book, 37 min ago15.70 bp23.0 bp −$23doesn't fitdoesn't fitdoesn't fit
Sell gTrade (Gains Network) no order-book sample
gTrade (Gains Network): 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
01 Exchange XPLUSD−0.0368%1h0.09599−0.288%$558$7085xas long as short
GMX XPL/USD [WBTC.b-USDC]L −0.0313% / S +0.0615%1h0.09613−0.145%$106K100xas long as short
Deribit XPL_USDC-PERPETUAL−0.0166%1h0.09612−0.153%$46K$18K25xas long as short
Bybit XPLUSDT−0.0090%4h0.09611−0.163%$45.5M$54.7M75xas long as short
Backpack XPL_USDC_PERP−0.0020%1h0.09616−0.111%$178K$223K10xas long as short
dYdX XPL-USD0.0000%1h0.09620−0.069%$9K$5855xas long as short
Reya XPLRUSDPERP0.0000%1h0.07571−21.358%as long as short
gTrade (Gains Network) XPL/USDshortL +0.0005% / S −0.0004%1h0.09613−0.142%$72K150x
Orderly PERP_XPL_USDC+0.0013%4h0.09604−0.236%$29K$339K10xas long as short
Paradex XPL-USD-PERP+0.0080%8h0.09610−0.177%$12K$2K5xas long as short
Show all 36 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter XPL+0.0096%1h0.09606−0.215%$4.3M$3.3M10xas long as short
Nado XPL-PERP+0.0100%1h0.09607−0.199%$1.2M$2.6M10xas long as short
Hyperliquid XPL+0.0100%1h0.09629+0.027%$60.8M$46.7M10xas long as short
Aster XPLUSDT+0.0100%4h0.09618−0.090%$241K$469K20xas long as short
Pacifica XPLlong+0.0100%1h0.09627long leg$220K$46K10x
Binance XPLUSDT+0.0100%4h0.09612−0.153%$43.6M$103.4M75xas long as short
OKX XPL-USDT-SWAP+0.0100%4h0.09614−0.132%$8.3M$49.4M50xas long as short
Gate XPL_USDT+0.0100%4h0.09612−0.153%$3.0M$3.6M75xas long as short
MEXC XPL_USDT+0.0100%4h0.09615−0.122%$12.3M$7.7M100xas long as short
KuCoin XPLUSDTM+0.0100%4h0.09614−0.132%$2.3M$1.4M50xas long as short
Bitget XPLUSDT+0.0100%4h0.09616−0.111%$8.6M$10.1M75xas long as short
BingX XPL-USDT+0.0100%4h0.09610−0.173%$7.9Mas long as short
Variational Omni XPL+0.0100%4h0.09615−0.124%$1.7M$1.9Mas long as short
GRVT XPL_USDT_Perp+0.0100%4h0.09624−0.027%$253K$983K10xas long as short
ApeX Omni XPLUSDT+0.0100%1h0.09640+0.138%$25K$78K50xas long as short
Polymarket Perps XPL-USD+0.0100%1h0.09620−0.074%$124K$2.0M10xas long as short
SunX XPL-USDT+0.0100%4h0.09590−0.381%$3K$1.8M20xas long as short
SoDEX XPL-USD+0.0100%1h0.09620−0.070%$197$12K10xas long as short
HTX XPL-USDT+0.0100%4h0.09624−0.028%$141K$206K20xas long as short
Bulk XPL-USD+0.0100%1h0.09630+0.034%$140K$5K10xas long as short
Extended XPL-USD+0.0104%1h0.09610−0.174%$653K$1.1M25xas long as short
Aevo XPL-PERP+0.0104%1h0.09610−0.173%$29K$18K3xas long as short
Phoenix XPL+0.0334%1h0.09626−0.007%$195K$617K10xas long as short
BloFin XPL-USDT+0.0340%4h0.09609−0.184%$1.7M$983K75xas long as short
Coinbase International XPL-PERP-INTX+0.0616%1h0.09676+0.512%$75K$87K50xas long as short
Kraken Futures PF_XPLUSD+0.3304%1h0.09655+0.295%$547K$975K10xas long as short