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+0.0004%/8h= +0.4% APRnext payment +$0.00 per $10,000 · paid last 24h +0.001%
Price spread now: Extended against SoDEX+0.009%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 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropExtended: Active · farm boardneeds both histories
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSoDEX XPL-USD0.095800.0100pay 0.0013% / 1h59m 18s$193$9K10x
ShortExtended XPL-USD0.095810.0104get 0.0013% / 1h59m 18s$601K$1.2M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended 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
$0.84
Price spread: +0.009% → 0.000%
$0.9
Slippage, 4 orders
no order book: not counted
Fee SoDEX: 4 bp × 2 orders
−$8
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$11.26
Costs to cover
0.130%
Break-even
100.8 days
Slippage unknown: SoDEX: no order-book sample; Extended: live order book, 4 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 SoDEX no order-book sample
Sell Extended live order book, 4 min ago0.52 bp7.7 bp −$823.3 bp −$233doesn't fitdoesn't fit
SoDEX: 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%1h0.09570−0.104%$4.3M$3.1M10xas long as short
Deribit XPL_USDC-PERPETUAL−0.0584%1h0.09584+0.042%$46K$18K25xas long as short
01 Exchange XPLUSD−0.0464%1h0.09600+0.209%$558$8735xas long as short
GMX XPL/USD [WBTC.b-USDC]L −0.0313% / S +0.0615%1h0.09588+0.079%$106K100xas long as short
Orderly PERP_XPL_USDC−0.0010%4h0.09581+0.010%$30K$246K10xas long as short
dYdX XPL-USD0.0000%1h0.09621+0.426%$9K$6005xas long as short
Reya XPLRUSDPERP0.0000%1h0.07571−20.972%as long as short
gTrade (Gains Network) XPL/USDL +0.0005% / S −0.0004%1h0.09588+0.078%$72K150xas long as short
Paradex XPL-USD-PERP+0.0040%8h0.09603+0.239%$12K$6965xas long as short
Nado XPL-PERP+0.0100%1h0.09588+0.078%$1.2M$2.2M10xas long as short
Show all 36 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid XPL+0.0100%1h0.09600+0.207%$60.7M$46.1M10xas long as short
Aster XPLUSDT+0.0100%4h0.09593+0.132%$253K$420K20xas long as short
Pacifica XPL+0.0100%1h0.09615+0.362%$220K$46K10xas long as short
Binance XPLUSDT+0.0100%4h0.09586+0.063%$43.6M$97.7M75xas long as short
Bybit XPLUSDT+0.0100%4h0.09576−0.042%$45.7M$53.5M75xas long as short
OKX XPL-USDT-SWAP+0.0100%4h0.09577−0.031%$7.8M$47.7M50xas long as short
Bulk XPL-USD+0.0100%1h0.09614+0.355%$140K$010xas long as short
Gate XPL_USDT+0.0100%4h0.09579−0.010%$3.0M$3.3M75xas long as short
MEXC XPL_USDT+0.0100%4h0.095800.000%$12.5M$6.5M100xas long as short
KuCoin XPLUSDTM+0.0100%4h0.095800.000%$2.3M$1.2M50xas long as short
Bitget XPLUSDT+0.0100%4h0.09593+0.136%$9.0M$9.8M75xas long as short
BingX XPL-USDT+0.0100%4h0.09582+0.021%$7.8Mas long as short
Backpack XPL_USDC_PERP+0.0100%1h0.09618+0.397%$180K$187K10xas long as short
Variational Omni XPL+0.0100%4h0.09615+0.363%$1.7M$2.0Mas long as short
GRVT XPL_USDT_Perp+0.0100%4h0.09618+0.398%$262K$1.3M10xas long as short
ApeX Omni XPLUSDT+0.0100%1h0.09630+0.522%$25K$75K50xas long as short
Polymarket Perps XPL-USD+0.0100%1h0.09613+0.349%$126K$1.8M10xas long as short
SunX XPL-USDT+0.0100%4h0.09560−0.209%$2K$1.6M20xas long as short
SoDEX XPL-USDlong+0.0100%1h0.09580long leg$193$9K10x
HTX XPL-USDT+0.0100%4h0.09616+0.376%$133K$213K20xas long as short
Extended XPL-USDshort+0.0104%1h0.09581+0.009%$601K$1.2M25x
Aevo XPL-PERP+0.0104%1h0.09585+0.052%$28K$18K3xas long as short
Phoenix XPL+0.0248%1h0.09637+0.595%$195K$489K10xas long as short
BloFin XPL-USDT+0.0340%4h0.09583+0.031%$1.7M$931K75xas long as short
Coinbase International XPL-PERP-INTX+0.0808%1h0.09718+1.441%$66K$92K50xas long as short
Kraken Futures PF_XPLUSD+0.2726%1h0.09623+0.447%$546K$932K10xas long as short