Funding arb · Price arb /

XPL

all XPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0048%/8h= +5.3% APRpaid last 24h +0.009%

Price spread now: ApeX Omni against Paradex+0.305%50s7-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 ApeX Omni

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 +$1 a day on $10k at the current rate, and ApeX Omni is 0.305% dearer against Paradex than usual: you sell high and buy low: +$31 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex XPL-USD-PERP	0.09900	0.0052	pay 0.0052% / 8h	7h 04m	$13K	$2K	5x
Short	ApeX Omni XPLUSDT	0.09930	0.0100	get 0.0013% / 1h	4m 21s	$26K	$89K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni 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 ApeX OmnibpOrdersPrice spread, now +0.305%Rate

Funding earned: $10.08
Price spread: +0.305% → 0.000%: $30.54
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: $26.62
Costs to cover: 0.140%
Break-even: from the start

Slippage unknown: Paradex: no order-book sample; ApeX Omni: 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 ApeX Omni no order-book sample	—	—	—	—	—

Paradex and ApeX Omni: 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
Deribit XPL_USDC-PERPETUAL	−0.0357%	1h	0.09872	−0.280%	$47K	$18K	25x	as long as short
01 Exchange XPLUSD	−0.0200%	1h	0.09895	−0.048%	$575	$708	5x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0177% / S +0.0549%	1h	0.09891	−0.085%	$114K	—	100x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09897	−0.028%	$8K	—	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07570	−23.529%	—	—	—	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0003%	1h	0.09889	−0.109%	$59K	—	150x	as long as short
Lighter XPL	+0.0008%	1h	0.09858	−0.422%	$4.5M	$4.2M	10x	as long as short
Orderly PERP_XPL_USDC	+0.0018%	4h	0.09869	−0.311%	$30K	$335K	10x	as long as short
Paradex XPL-USD-PERPlong	+0.0052%	8h	0.09900	long leg	$13K	$2K	5x
OKX XPL-USDT-SWAP	+0.0073%	4h	0.09852	−0.482%	$8.8M	$55.7M	50x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado XPL-PERP	+0.0100%	1h	0.09891	−0.089%	$1.5M	$2.6M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09899	−0.006%	$261K	$539K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09902	+0.020%	$225K	$46K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09859	−0.413%	$45.1M	$108.8M	75x	as long as short
Bybit XPLUSDT	+0.0100%	4h	0.09857	−0.432%	$48.0M	$56.1M	75x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09909	+0.094%	$144K	$2K	10x	as long as short
Gate XPL_USDT	+0.0100%	4h	0.09895	−0.048%	$3.1M	$4.0M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09890	−0.099%	$13.1M	$7.7M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09892	−0.078%	$2.4M	$1.5M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09875	−0.250%	$8.9M	$11.1M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09877	−0.230%	—	$7.9M	—	as long as short
Backpack XPL_USDC_PERP	+0.0100%	1h	0.09884	−0.159%	$185K	$243K	10x	as long as short
Variational Omni XPL	+0.0100%	4h	0.09881	−0.193%	$1.8M	$1.9M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09910	+0.103%	$263K	$844K	10x	as long as short
ApeX Omni XPLUSDTshort	+0.0100%	1h	0.09930	+0.305%	$26K	$89K	50x
Polymarket Perps XPL-USD	+0.0100%	1h	0.09906	+0.067%	$133K	$2.7M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09880	−0.200%	$2K	$2.0M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09860	−0.402%	$496	$11K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09895	−0.048%	$143K	$243K	20x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09866	−0.338%	$670K	$1.1M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09877	−0.233%	$29K	$18K	3x	as long as short
Phoenix XPL	+0.0163%	1h	0.09897	−0.028%	$200K	$655K	10x	as long as short
Hyperliquid XPL	+0.0174%	1h	0.09906	+0.062%	$64.3M	$47.0M	10x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09889	−0.109%	$1.8M	$1.2M	75x	as long as short
Coinbase International XPL-PERP-INTX	+0.0376%	1h	0.09980	+0.810%	$74K	$97K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.5018%	1h	0.09914	+0.143%	$573K	$1.0M	10x	as long as short