Settings8H · net · $10k
Funding arb · Price arb /

XPL

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h
Price spread now: SunX against Reya+26.278%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 daysno history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropReya: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and SunX is 26.278% dearer against Reya than usual: you sell high and buy low: +$2,628 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongReya XPLRUSDPERP0.075710get 0.0000% / 1h29m 04s
ShortSunX XPL-USDT0.095600.0100get 0.0050% / 4h1h 29m$3K$1.6M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX 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

Funding earned
$21
Price spread: +26.278% → 0.000%
$2,627.76
Slippage, 4 orders
no order book: not counted
Fee Reya: 3 bp × 2 orders
−$6
Fee SunX: 4 bp × 2 orders
−$8
Net
$2,634.76
Costs to cover
0.140%
Break-even
from the start
Slippage unknown: Reya: no order-book sample; SunX: live order book, 6 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Reya no order-book sample
Sell SunX live order book, 6 min ago36.67 bp153.4 bp −$153doesn't fitdoesn't fitdoesn't fit
Reya: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter XPL−0.1160%1h0.09566+26.357%$4.3M$3.2M10xas long as short
01 Exchange XPLUSD−0.0368%1h0.09582+26.568%$639$7905xas long as short
GMX XPL/USD [WBTC.b-USDC]L −0.0313% / S +0.0615%1h0.09577+26.505%$106K100xas long as short
Deribit XPL_USDC-PERPETUAL−0.0063%1h0.09584+26.595%$46K$18K25xas long as short
Orderly PERP_XPL_USDC−0.0004%4h0.09580+26.542%$30K$266K10xas long as short
dYdX XPL-USD0.0000%1h0.09573+26.444%$9K$6005xas long as short
Reya XPLRUSDPERPlong0.0000%1h0.07571long leg
gTrade (Gains Network) XPL/USDL +0.0005% / S −0.0004%1h0.09570+26.410%$72K150xas long as short
Paradex XPL-USD-PERP+0.0059%8h0.09583+26.577%$12K$6965xas long as short
Nado XPL-PERP+0.0100%1h0.09576+26.486%$1.2M$2.2M10xas long as short
Show all 36 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid XPL+0.0100%1h0.09587+26.639%$60.5M$46.2M10xas long as short
Aster XPLUSDT+0.0100%4h0.09587+26.640%$253K$415K20xas long as short
Pacifica XPL+0.0100%1h0.09580+26.542%$219K$47K10xas long as short
Binance XPLUSDT+0.0100%4h0.09577+26.498%$43.4M$97.1M75xas long as short
Bybit XPLUSDT+0.0100%4h0.09571+26.423%$45.7M$53.2M75xas long as short
OKX XPL-USDT-SWAP+0.0100%4h0.09575+26.476%$7.9M$47.7M50xas long as short
Bulk XPL-USD+0.0100%1h0.09565+26.344%$139K$010xas long as short
Gate XPL_USDT+0.0100%4h0.09578+26.515%$3.0M$3.4M75xas long as short
MEXC XPL_USDT+0.0100%4h0.09579+26.529%$12.5M$6.8M100xas long as short
KuCoin XPLUSDTM+0.0100%4h0.09584+26.595%$2.3M$1.3M50xas long as short
Bitget XPLUSDT+0.0100%4h0.09581+26.555%$8.8M$9.6M75xas long as short
BingX XPL-USDT+0.0100%4h0.09572+26.436%$7.8Mas long as short
Backpack XPL_USDC_PERP+0.0100%1h0.09581+26.555%$177K$188K10xas long as short
Variational Omni XPL+0.0100%4h0.09566+26.355%$1.7M$1.9Mas long as short
GRVT XPL_USDT_Perp+0.0100%4h0.09565+26.341%$260K$1.2M10xas long as short
ApeX Omni XPLUSDT+0.0100%1h0.09590+26.674%$25K$77K50xas long as short
Polymarket Perps XPL-USD+0.0100%1h0.09591+26.686%$125K$1.8M10xas long as short
SunX XPL-USDTshort+0.0100%4h0.09560+26.278%$3K$1.6M20x
SoDEX XPL-USD+0.0100%1h0.09580+26.542%$200$9K10xas long as short
HTX XPL-USDT+0.0100%4h0.09559+26.264%$132K$212K20xas long as short
Extended XPL-USD+0.0104%1h0.09579+26.525%$602K$1.2M25xas long as short
Aevo XPL-PERP+0.0104%1h0.09580+26.542%$28K$18K3xas long as short
Phoenix XPL+0.0248%1h0.09577+26.502%$194K$506K10xas long as short
BloFin XPL-USDT+0.0340%4h0.09583+26.581%$1.7M$934K75xas long as short
Coinbase International XPL-PERP-INTX+0.0664%1h0.09718+28.365%$66K$92K50xas long as short
Kraken Futures PF_XPLUSD+0.2849%1h0.09610+26.936%$545K$933K10xas long as short