Funding arb · Price arb /

XPL

all XPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0217%/8h= +23.8% APRpaid last 24h +0.025%

Price spread now: Aevo against Paradex+0.372%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Paradex Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Aevo is 0.372% dearer against Paradex than usual: you sell high and buy low: +$37 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex XPL-USD-PERP	0.09486	−0.0113	get 0.0113% / 8h	7h 32m	$12K	$696	5x
Short	Aevo XPL-PERP	0.09522	0.0104	get 0.0013% / 1h	32m 06s	$28K	$18K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Paradex. 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 ParadexbpFee AevobpOrdersPrice spread, now +0.372%Rate

Funding earned: $45.65
Price spread: +0.372% → 0.000%: $37.23
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Aevo: 8 bp × 2 orders: −$16
Net: $62.89
Costs to cover: 0.200%
Break-even: from the start

Slippage unknown: Paradex: no order-book sample; Aevo: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Paradex no order-book sample	—	—	—	—	—
Sell Aevo no order-book sample	—	—	—	—	—

Paradex and Aevo: 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter XPL	−0.1216%	1h	0.09468	−0.193%	$4.3M	$3.2M	10x	as long as short
Bybit XPLUSDT	−0.0476%	4h	0.09479	−0.077%	$45.0M	$54.3M	75x	as long as short
01 Exchange XPLUSD	−0.0416%	1h	0.09483	−0.035%	$551	$873	5x	as long as short
Deribit XPL_USDC-PERPETUAL	−0.0382%	1h	0.09484	−0.024%	$45K	$18K	25x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0313% / S +0.0615%	1h	0.09487	+0.006%	$105K	—	100x	as long as short
Paradex XPL-USD-PERPlong	−0.0113%	8h	0.09486	long leg	$12K	$696	5x
Backpack XPL_USDC_PERP	−0.0093%	1h	0.09486	−0.003%	$178K	$180K	10x	as long as short
Gate XPL_USDT	−0.0088%	4h	0.09481	−0.056%	$2.9M	$3.3M	75x	as long as short
OKX XPL-USDT-SWAP	−0.0042%	4h	0.09479	−0.077%	$7.5M	$47.3M	50x	as long as short
Orderly PERP_XPL_USDC	−0.0029%	4h	0.09478	−0.087%	$30K	$246K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX XPL-USD	0.0000%	1h	0.09500	+0.144%	$9K	$600	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−20.193%	—	—	—	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09488	+0.014%	$72K	—	150x	as long as short
Nado XPL-PERP	+0.0100%	1h	0.09486	−0.003%	$1.2M	$2.2M	10x	as long as short
Hyperliquid XPL	+0.0100%	1h	0.09490	+0.035%	$60.0M	$45.8M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09490	+0.036%	$251K	$402K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09499	+0.132%	$217K	$46K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09477	−0.096%	$43.2M	$98.1M	75x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09510	+0.250%	$139K	$0	10x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09479	−0.077%	$12.5M	$6.5M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09478	−0.087%	$2.3M	$1.2M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09488	+0.018%	$8.9M	$9.9M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09481	−0.056%	—	$7.7M	—	as long as short
Variational Omni XPL	+0.0100%	4h	0.09502	+0.165%	$1.7M	$1.9M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09500	+0.145%	$254K	$1.3M	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09510	+0.250%	$25K	$73K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09495	+0.092%	$124K	$1.7M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09460	−0.277%	$3K	$1.6M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09480	−0.066%	$189	$9K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09485	−0.013%	$132K	$214K	20x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09476	−0.108%	$598K	$1.2M	25x	as long as short
Aevo XPL-PERPshort	+0.0104%	1h	0.09522	+0.372%	$28K	$18K	3x
Phoenix XPL	+0.0251%	1h	0.09511	+0.261%	$192K	$494K	10x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09481	−0.056%	$1.7M	$935K	75x	as long as short
Coinbase International XPL-PERP-INTX	+0.0536%	1h	0.09596	+1.157%	$64K	$92K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.2727%	1h	0.09512	+0.274%	$540K	$957K	10x	as long as short