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

XPL

all XPL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC−0.0388%/8h= −42.5% APRnext payment $0.48 per $10,000 · paid last 24h −0.049%
Price spread now: 01 Exchange against SoDEX+0.093%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 feesneeds both histories
The price spread pays, funding is against you. 01 Exchange is 0.093% dearer against SoDEX than usual: you sell high and buy low (spread +0.093% now, against zero (this spread has no 7-day history yet)): +$9 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 19 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSoDEX XPL-USD0.097200.0100pay 0.0013% / 1h52m 08s$198$10K10x
Short01 Exchange XPLUSD0.09729−0.0288pay 0.0036% / 1h52m 08s$566$7085x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

01 Exchange 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
−$81.48
Price spread: +0.093% → 0.000%
$9.26
Slippage, 4 orders
no order book: not counted
Fee SoDEX: 4 bp × 2 orders
−$8
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Net
−$87.22
Costs to cover
0.150%
Break-even
never at this rate
Slippage unknown: SoDEX: 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
LegHalf-spread$10k$100k$1M$5M
Buy SoDEX no order-book sample
Sell 01 Exchange no order-book sample
SoDEX 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter XPL−0.0368%1h0.09713−0.072%$4.4M$4.2M10xas long as short
Deribit XPL_USDC-PERPETUAL−0.0367%1h0.09725+0.051%$47K$18K25xas long as short
01 Exchange XPLUSDshort−0.0288%1h0.09729+0.093%$566$7085x
GMX XPL/USD [WBTC.b-USDC]L −0.0154% / S +0.0534%1h0.09742+0.229%$112K100xas long as short
Backpack XPL_USDC_PERP−0.0066%1h0.09723+0.031%$180K$282K10xas long as short
dYdX XPL-USD0.0000%1h0.09740+0.201%$8K5xas long as short
Reya XPLRUSDPERP0.0000%1h0.07570−22.115%as long as short
gTrade (Gains Network) XPL/USDL +0.0005% / S −0.0003%1h0.09742+0.229%$76K150xas long as short
Paradex XPL-USD-PERP+0.0020%8h0.09731+0.109%$13K$2K5xas long as short
Orderly PERP_XPL_USDC+0.0031%4h0.097200.000%$29K$335K10xas long as short
Show all 36 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate XPL_USDT+0.0074%4h0.09716−0.041%$3.0M$4.0M75xas long as short
Nado XPL-PERP+0.0100%1h0.09733+0.134%$1.4M$2.6M10xas long as short
Hyperliquid XPL+0.0100%1h0.09736+0.160%$62.8M$47.4M10xas long as short
Aster XPLUSDT+0.0100%4h0.09727+0.072%$252K$533K20xas long as short
Pacifica XPL+0.0100%1h0.09736+0.167%$222K$46K10xas long as short
Binance XPLUSDT+0.0100%4h0.09721+0.010%$44.4M$109.0M75xas long as short
Bybit XPLUSDT+0.0100%4h0.09722+0.021%$47.1M$55.8M75xas long as short
OKX XPL-USDT-SWAP+0.0100%4h0.09722+0.021%$8.6M$55.0M50xas long as short
Bulk XPL-USD+0.0100%1h0.09796+0.777%$143K$4K10xas long as short
MEXC XPL_USDT+0.0100%4h0.09730+0.103%$12.7M$7.6M100xas long as short
KuCoin XPLUSDTM+0.0100%4h0.09730+0.103%$2.4M$1.5M50xas long as short
Bitget XPLUSDT+0.0100%4h0.09727+0.072%$8.7M$11.1M75xas long as short
BingX XPL-USDT+0.0100%4h0.09719−0.010%$7.9Mas long as short
Variational Omni XPL+0.0100%4h0.09784+0.660%$1.6M$1.9Mas long as short
GRVT XPL_USDT_Perp+0.0100%4h0.09786+0.678%$259K$814K10xas long as short
ApeX Omni XPLUSDT+0.0100%1h0.09790+0.720%$25K$88K50xas long as short
Polymarket Perps XPL-USD+0.0100%1h0.09746+0.263%$130K$2.7M10xas long as short
SunX XPL-USDT+0.0100%4h0.097200.000%$3K$2.0M20xas long as short
SoDEX XPL-USDlong+0.0100%1h0.09720long leg$198$10K10x
HTX XPL-USDT+0.0100%4h0.09784+0.658%$142K$241K20xas long as short
Extended XPL-USD+0.0104%1h0.09724+0.041%$658K$1.1M25xas long as short
Aevo XPL-PERP+0.0104%1h0.09760+0.408%$29K$15K3xas long as short
Phoenix XPL+0.0163%1h0.09742+0.226%$197K$655K10xas long as short
BloFin XPL-USDT+0.0340%4h0.09747+0.278%$1.8M$1.2M75xas long as short
Coinbase International XPL-PERP-INTX+0.0376%1h0.09815+0.977%$72K$97K50xas long as short
Kraken Futures PF_XPLUSD+0.5090%1h0.09773+0.546%$565K$1.0M10xas long as short