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

XPL

all XPL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0436%/8h= +47.7% APRnext payment +$0.54 per $10,000 · paid last 24h +0.191%
Price spread now: Coinbase International against SoDEX+0.798%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 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and Coinbase International is 0.798% dearer against SoDEX than usual: you sell high and buy low: +$80 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSoDEX XPL-USD0.095200.0100pay 0.0013% / 1h42m 38s$188$9K10x
ShortCoinbase International XPL-PERP-INTX0.095960.0536get 0.0067% / 1h42m 38s$64K$92K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International against SoDEX. 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
$91.56
Price spread: +0.798% → 0.000%
$79.83
Slippage, 4 orders
no order book: not counted
Fee SoDEX: 4 bp × 2 orders
−$8
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
$153.39
Costs to cover
0.180%
Break-even
from the start
Slippage unknown: SoDEX: no order-book sample; Coinbase International: 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
LegHalf-spread$10k$100k$1M$5M
Buy SoDEX no order-book sample
Sell Coinbase International no order-book sample
SoDEX and Coinbase International: 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−0.1360%1h0.09506−0.147%$4.3M$3.1M10xas long as short
Deribit XPL_USDC-PERPETUAL−0.0485%1h0.09519−0.011%$46K$18K25xas long as short
01 Exchange XPLUSD−0.0440%1h0.09512−0.084%$553$8735xas long as short
Bybit XPLUSDT−0.0327%4h0.09521+0.011%$45.2M$54.0M75xas long as short
GMX XPL/USD [WBTC.b-USDC]L −0.0234% / S +0.0570%1h0.09532+0.124%$105K100xas long as short
Paradex XPL-USD-PERP−0.0102%8h0.09516−0.046%$12K$6965xas long as short
Gate XPL_USDT−0.0036%4h0.09517−0.032%$2.9M$3.3M75xas long as short
OKX XPL-USDT-SWAP−0.0025%4h0.095200.000%$7.6M$47.4M50xas long as short
Orderly PERP_XPL_USDC−0.0024%4h0.09517−0.032%$30K$262K10xas long as short
dYdX XPL-USD0.0000%1h0.09526+0.068%$9K$6005xas long as short
Show all 36 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Reya XPLRUSDPERP0.0000%1h0.07571−20.475%as long as short
gTrade (Gains Network) XPL/USDL +0.0005% / S −0.0004%1h0.09530+0.103%$72K150xas long as short
Backpack XPL_USDC_PERP+0.0058%1h0.09529+0.095%$178K$180K10xas long as short
Nado XPL-PERP+0.0100%1h0.09513−0.074%$1.3M$2.2M10xas long as short
Hyperliquid XPL+0.0100%1h0.09529+0.098%$60.3M$46.0M10xas long as short
Aster XPLUSDT+0.0100%4h0.09530+0.107%$252K$404K20xas long as short
Pacifica XPL+0.0100%1h0.09526+0.067%$218K$46K10xas long as short
Binance XPLUSDT+0.0100%4h0.09522+0.021%$43.3M$97.8M75xas long as short
MEXC XPL_USDT+0.0100%4h0.09513−0.074%$12.5M$6.5M100xas long as short
KuCoin XPLUSDTM+0.0100%4h0.09523+0.032%$2.3M$1.2M50xas long as short
Bitget XPLUSDT+0.0100%4h0.09527+0.074%$9.0M$9.8M75xas long as short
BingX XPL-USDT+0.0100%4h0.09518−0.021%$7.8Mas long as short
Variational Omni XPL+0.0100%4h0.09547+0.283%$1.7M$1.9Mas long as short
GRVT XPL_USDT_Perp+0.0100%4h0.09550+0.315%$256K$1.3M10xas long as short
ApeX Omni XPLUSDT+0.0100%1h0.09560+0.420%$25K$74K50xas long as short
Polymarket Perps XPL-USD+0.0100%1h0.09537+0.179%$125K$1.7M10xas long as short
SunX XPL-USDT+0.0100%4h0.09510−0.105%$2K$1.6M20xas long as short
SoDEX XPL-USDlong+0.0100%1h0.09520long leg$188$9K10x
HTX XPL-USDT+0.0100%4h0.09543+0.242%$132K$210K20xas long as short
Bulk XPL-USD+0.0100%1h0.09540+0.214%$139K$010xas long as short
Extended XPL-USD+0.0104%1h0.09515−0.057%$595K$1.1M25xas long as short
Aevo XPL-PERP+0.0104%1h0.09517−0.028%$28K$18K3xas long as short
Phoenix XPL+0.0251%1h0.09561+0.431%$193K$494K10xas long as short
BloFin XPL-USDT+0.0340%4h0.09517−0.032%$1.7M$925K75xas long as short
Coinbase International XPL-PERP-INTXshort+0.0536%1h0.09596+0.798%$64K$92K50x
Kraken Futures PF_XPLUSD+0.2716%1h0.09549+0.307%$541K$948K10xas long as short