Funding arb · Price arb /

XPL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.00 per $10,000 · paid last 24h —

Price spread now: gTrade (Gains Network) against Reya+27.864%7-day average — · you sell dearer than you buy

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

Long on Reya Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 7 days—no history yet

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

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

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: gTrade (Gains Network) is 27.864% dearer against Reya than usual: you sell high and buy low, +$2,786 on $10k if it 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	Reya XPLRUSDPERP	0.07571	0	get 0.0000% / 1h	4m 58s	—	—	—
Short	gTrade (Gains Network) XPL/USD	0.09680	L +0.0005% / S −0.0004%	get 0.0000% / 1h	4m 58s	$73K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against Reya. 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 ReyabpFee gTrade (Gains Network)bpOrdersPrice spread, now +27.864%Rate

Funding earned: $0.83
Price spread: +27.864% → 0.000%: $2,786.39
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: $2,771.22
Costs to cover: 0.160%
Break-even: from the start

Slippage unknown: Reya: no order-book sample; 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Reya no order-book sample	—	—	—	—	—
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

Reya and 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GMX XPL/USD [WBTC.b-USDC]	L −0.0313% / S +0.0615%	1h	0.09680	+27.861%	$107K	—	100x	as long as short
Deribit XPL_USDC-PERPETUAL	−0.0267%	1h	0.09675	+27.791%	$46K	$18K	25x	as long as short
01 Exchange XPLUSD	−0.0248%	1h	0.09679	+27.844%	$563	$708	5x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09688	+27.964%	$9K	$600	5x	as long as short
Reya XPLRUSDPERPlong	0.0000%	1h	0.07571	long leg	—	—	—
gTrade (Gains Network) XPL/USDshort	L +0.0005% / S −0.0004%	1h	0.09680	+27.864%	$73K	—	150x
Orderly PERP_XPL_USDC	+0.0007%	4h	0.09674	+27.778%	$29K	$292K	10x	as long as short
Paradex XPL-USD-PERP	+0.0068%	8h	0.09693	+28.028%	$13K	$696	5x	as long as short
Lighter XPL	+0.0072%	1h	0.09670	+27.725%	$4.4M	$3.0M	10x	as long as short
Nado XPL-PERP	+0.0100%	1h	0.09678	+27.838%	$1.2M	$2.2M	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid XPL	+0.0100%	1h	0.09694	+28.040%	$61.3M	$46.3M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09684	+27.907%	$254K	$426K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09695	+28.058%	$222K	$46K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09671	+27.742%	$43.8M	$98.4M	75x	as long as short
Bybit XPLUSDT	+0.0100%	4h	0.09668	+27.699%	$45.8M	$53.7M	75x	as long as short
OKX XPL-USDT-SWAP	+0.0100%	4h	0.09667	+27.686%	$8.0M	$48.7M	50x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09661	+27.610%	$141K	$0	10x	as long as short
Gate XPL_USDT	+0.0100%	4h	0.09682	+27.884%	$3.1M	$3.4M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09674	+27.778%	$12.6M	$7.0M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09673	+27.765%	$2.3M	$1.3M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09681	+27.871%	$8.9M	$9.7M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09670	+27.725%	—	$7.8M	—	as long as short
Backpack XPL_USDC_PERP	+0.0100%	1h	0.09680	+27.858%	$176K	$189K	10x	as long as short
Variational Omni XPL	+0.0100%	4h	0.09685	+27.921%	$1.7M	$1.9M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09679	+27.851%	$260K	$1.2M	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09690	+27.990%	$25K	$77K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09686	+27.938%	$127K	$1.8M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09670	+27.725%	$2K	$1.7M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09670	+27.725%	$203	$12K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09682	+27.884%	$138K	$187K	20x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09670	+27.729%	$609K	$1.2M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09673	+27.761%	$29K	$18K	3x	as long as short
Phoenix XPL	+0.0251%	1h	0.09695	+28.056%	$196K	$536K	10x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09677	+27.818%	$1.7M	$943K	75x	as long as short
Coinbase International XPL-PERP-INTX	+0.0592%	1h	0.09718	+28.359%	$66K	$92K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.2862%	1h	0.09715	+28.314%	$552K	$954K	10x	as long as short