Funding arb · Price arb /

XPL

all XPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0251%/8h= −27.5% APRpaid last 24h −0.040%

Price spread now: 01 Exchange against Paradex+0.028%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 01 Exchange

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 days—no price history on both exchanges yet

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

The price spread pays, funding is against you. 01 Exchange is 0.028% dearer against Paradex than usual: you sell high and buy low (spread +0.028% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 9 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex XPL-USD-PERP	0.09885	0.0051	pay 0.0051% / 8h	7h 05m	$13K	$2K	5x
Short	01 Exchange XPLUSD	0.09888	−0.0200	pay 0.0025% / 1h	5m 13s	$575	$708	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now +0.028%Rate

Funding earned: −$52.73
Price spread: +0.028% → 0.000%: $2.82
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: −$60.91
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; 01 Exchange: 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 01 Exchange no order-book sample	—	—	—	—	—

Paradex and 01 Exchange: 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
01 Exchange XPLUSDshort	−0.0200%	1h	0.09888	+0.028%	$575	$708	5x
GMX XPL/USD [WBTC.b-USDC]	L −0.0176% / S +0.0549%	1h	0.09885	−0.006%	$114K	—	100x	as long as short
Deribit XPL_USDC-PERPETUAL	−0.0155%	1h	0.09882	−0.033%	$47K	$18K	25x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09897	+0.120%	$8K	—	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−23.416%	—	—	—	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0003%	1h	0.09887	+0.016%	$59K	—	150x	as long as short
Lighter XPL	+0.0008%	1h	0.09873	−0.124%	$4.5M	$4.2M	10x	as long as short
Orderly PERP_XPL_USDC	+0.0018%	4h	0.09880	−0.053%	$30K	$335K	10x	as long as short
Paradex XPL-USD-PERPlong	+0.0051%	8h	0.09885	long leg	$13K	$2K	5x
OKX XPL-USDT-SWAP	+0.0075%	4h	0.09880	−0.053%	$8.8M	$55.8M	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	0.09887	+0.018%	$1.5M	$2.6M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09889	+0.035%	$260K	$539K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09894	+0.087%	$225K	$46K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09881	−0.043%	$45.2M	$108.8M	75x	as long as short
Bybit XPLUSDT	+0.0100%	4h	0.09881	−0.043%	$48.2M	$56.1M	75x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09909	+0.241%	$144K	$2K	10x	as long as short
Gate XPL_USDT	+0.0100%	4h	0.09879	−0.063%	$3.1M	$4.0M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09880	−0.053%	$13.1M	$7.7M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09888	+0.028%	$2.4M	$1.5M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09886	+0.008%	$8.9M	$11.1M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09882	−0.033%	—	$7.9M	—	as long as short
Backpack XPL_USDC_PERP	+0.0100%	1h	0.09884	−0.012%	$185K	$243K	10x	as long as short
Variational Omni XPL	+0.0100%	4h	0.09881	−0.046%	$1.8M	$1.9M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09910	+0.251%	$263K	$844K	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09930	+0.453%	$26K	$89K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09891	+0.057%	$132K	$2.7M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09870	−0.154%	$3K	$2.0M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09880	−0.053%	$497	$11K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09901	+0.160%	$143K	$243K	20x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09878	−0.073%	$674K	$1.1M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09881	−0.043%	$29K	$18K	3x	as long as short
Phoenix XPL	+0.0163%	1h	0.09897	+0.119%	$200K	$655K	10x	as long as short
Hyperliquid XPL	+0.0177%	1h	0.09900	+0.152%	$64.2M	$47.0M	10x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09889	+0.038%	$1.8M	$1.2M	75x	as long as short
Coinbase International XPL-PERP-INTX	+0.0376%	1h	0.09980	+0.959%	$74K	$97K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.5008%	1h	0.09934	+0.498%	$574K	$1.0M	10x	as long as short