Funding arb · Price arb /

XPL

all XPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: SunX against Pacifica−0.231%7-day average −0.209% · you buy dearer than you sell

Net, funding: paid 7d − costs−$348as in the Funding arb table

Net, price: spread back to 7d avg − costs−$350as in the Price arb table

costs, in and out, $10k−$3483.482% of the position

Long on Pacifica Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)−0.103%−$10 · spread now −0.231%, 7d avg −0.209%

Together, before fees−0.103%+ Points / potential airdropPacifica: Active · farm board−$10 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 0.022% cheaper against Pacifica than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of −0.209%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica XPL	0.09672	0.0100	pay 0.0013% / 1h	11m 49s	$221K	$47K	10x
Short	SunX XPL-USDT	0.09650	0.0100	get 0.0050% / 4h	2h 11m	$3K	$1.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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

Position, each leg$Hold fordaysFee PacificabpFee SunXbpOrdersPrice spread, now −0.231%Rate

Funding earned: $0
Price spread: −0.231% → −0.209%: −$2.2
Slippage, 4 orders: −$332.19
Fee Pacifica: 4 bp × 2 orders: −$8
Fee SunX: 4 bp × 2 orders: −$8
Net: −$350.39
Costs to cover: 3.482%
Break-even: never at this rate

Slippage from Pacifica: live order book, 36 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 Pacifica live order book, 36 min ago	10.43 bp	18.0 bp −$18	doesn't fit	doesn't fit	doesn't fit
Sell SunX live order book, 4 min ago	31.15 bp	138.8 bp −$139	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	−0.0272%	1h	0.09667	−0.055%	$562	$708	5x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0234% / S +0.0570%	1h	0.09671	−0.011%	$107K	—	100x	as long as short
Deribit XPL_USDC-PERPETUAL	−0.0163%	1h	0.09675	+0.028%	$46K	$18K	25x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09664	−0.088%	$9K	$600	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−21.726%	—	—	—	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09673	+0.003%	$73K	—	150x	as long as short
Orderly PERP_XPL_USDC	+0.0007%	4h	0.09672	−0.003%	$29K	$301K	10x	as long as short
Lighter XPL	+0.0040%	1h	0.09666	−0.065%	$4.4M	$3.0M	10x	as long as short
Paradex XPL-USD-PERP	+0.0065%	8h	0.09665	−0.080%	$13K	$696	5x	as long as short
Hyperliquid XPL	+0.0100%	1h	0.09692	+0.208%	$61.2M	$46.5M	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster XPLUSDT	+0.0100%	4h	0.09683	+0.106%	$255K	$426K	20x	as long as short
Pacifica XPLlong	+0.0100%	1h	0.09672	long leg	$221K	$47K	10x
Binance XPLUSDT	+0.0100%	4h	0.09675	+0.028%	$43.8M	$99.7M	75x	as long as short
Bybit XPLUSDT	+0.0100%	4h	0.09677	+0.049%	$45.8M	$53.8M	75x	as long as short
OKX XPL-USDT-SWAP	+0.0100%	4h	0.09681	+0.090%	$8.1M	$48.8M	50x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09661	−0.114%	$141K	$0	10x	as long as short
Gate XPL_USDT	+0.0100%	4h	0.09675	+0.028%	$3.1M	$3.4M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09674	+0.018%	$12.6M	$7.0M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09666	−0.065%	$2.3M	$1.3M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09684	+0.121%	$9.1M	$9.7M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09675	+0.028%	—	$7.8M	—	as long as short
Backpack XPL_USDC_PERP	+0.0100%	1h	0.09677	+0.049%	$176K	$190K	10x	as long as short
Variational Omni XPL	+0.0100%	4h	0.09638	−0.356%	$1.7M	$1.9M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09635	−0.388%	$257K	$1.1M	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09640	−0.334%	$25K	$77K	50x	as long as short
Nado XPL-PERP	+0.0100%	1h	0.09666	−0.065%	$1.2M	$2.3M	10x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09679	+0.065%	$127K	$1.9M	10x	as long as short
SunX XPL-USDTshort	+0.0100%	4h	0.09650	−0.231%	$3K	$1.7M	20x
SoDEX XPL-USD	+0.0100%	1h	0.09670	−0.024%	$207	$12K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09663	−0.096%	$138K	$191K	20x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09675	+0.026%	$606K	$1.2M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09673	+0.006%	$29K	$18K	3x	as long as short
Phoenix XPL	+0.0251%	1h	0.09657	−0.158%	$196K	$536K	10x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09660	−0.127%	$1.7M	$946K	75x	as long as short
Coinbase International XPL-PERP-INTX	+0.0592%	1h	0.09687	+0.152%	$66K	$91K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.2867%	1h	0.09699	+0.271%	$551K	$958K	10x	as long as short