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+0.0240%/8h= +26.3% APRnext payment +$1.20 per $10,000 · paid last 24h +0.072%
Price spread now: BloFin against SunX+0.095%7-day average +0.137% · you sell dearer than you buy
Net, funding: paid 7d − costs−$276as in the Funding arb table
Net, price: spread back to 7d avg − costs−$324as in the Price arb table
costs, in and out, $10k−$3203.198% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.438%+$44 on $10k
Price spread, last 4 days (all we have)+0.115%+$12 · spread now +0.095%, 7d avg +0.137%
Together, before fees+0.553%+$55 on $10k · with fees, hour by hour
Funding pays, the price is against you. BloFin is 0.042% cheaper against SunX than usual: you would sell low and buy high (spread +0.095% now, against its 7-day average of +0.137%). If the spread goes back, that is −$4 on $10k: about 14 hours of funding at the current rate (+$7 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX XPL-USDT0.095100.0100pay 0.0050% / 4h20m 54s$2K$1.6M20x
ShortBloFin XPL-USDT0.095190.0340get 0.0170% / 4h20m 54s$1.7M$921K75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin against SunX. 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
$50.4
Price spread: +0.095% → +0.137%
−$4.25
Slippage, 4 orders
−$299.81
Fee SunX: 4 bp × 2 orders
−$8
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$273.65
Costs to cover
3.198%
Break-even
45.0 days
Slippage from SunX: live order book, 4 min ago; BloFin: live order book, 2 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy SunX live order book, 4 min ago31.58 bp158.5 bp −$158doesn't fitdoesn't fitdoesn't fit
Sell BloFin live order book, 2 min ago1.05 bp9.0 bp −$915.8 bp −$15878.0 bp −$7,804doesn't fit

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−0.1464%1h0.09503−0.074%$4.3M$3.2M10xas long as short
01 Exchange XPLUSD−0.0520%1h0.09515+0.053%$553$8735xas long as short
Deribit XPL_USDC-PERPETUAL−0.0275%1h0.09521+0.116%$46K$18K25xas long as short
GMX XPL/USD [WBTC.b-USDC]L −0.0234% / S +0.0570%1h0.09526+0.170%$105K100xas long as short
Paradex XPL-USD-PERP−0.0041%8h0.09525+0.155%$12K$6965xas long as short
Orderly PERP_XPL_USDC−0.0026%4h0.09519+0.095%$30K$286K10xas long as short
Bybit XPLUSDT−0.0018%4h0.09523+0.137%$45.4M$54.0M75xas long as short
dYdX XPL-USD0.0000%1h0.09530+0.206%$9K$6005xas long as short
Reya XPLRUSDPERP0.0000%1h0.07571−20.391%as long as short
gTrade (Gains Network) XPL/USDL +0.0005% / S −0.0004%1h0.09528+0.185%$72K150xas long as short
Show all 36 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Extended XPL-USD+0.0056%1h0.09517+0.079%$598K$1.2M25xas long as short
OKX XPL-USDT-SWAP+0.0061%4h0.09521+0.116%$7.7M$47.6M50xas long as short
Nado XPL-PERP+0.0100%1h0.09524+0.147%$1.2M$2.2M10xas long as short
Hyperliquid XPL+0.0100%1h0.09529+0.197%$60.2M$46.0M10xas long as short
Aster XPLUSDT+0.0100%4h0.09532+0.227%$252K$419K20xas long as short
Pacifica XPL+0.0100%1h0.09536+0.269%$218K$46K10xas long as short
Binance XPLUSDT+0.0100%4h0.09523+0.137%$43.1M$97.9M75xas long as short
Bulk XPL-USD+0.0100%1h0.09548+0.402%$139K$010xas long as short
Gate XPL_USDT+0.0100%4h0.09521+0.116%$2.9M$3.4M75xas long as short
MEXC XPL_USDT+0.0100%4h0.09520+0.105%$12.4M$6.6M100xas long as short
KuCoin XPLUSDTM+0.0100%4h0.09517+0.074%$2.3M$1.2M50xas long as short
Bitget XPLUSDT+0.0100%4h0.09530+0.210%$9.0M$9.9M75xas long as short
BingX XPL-USDT+0.0100%4h0.09523+0.137%$7.8Mas long as short
Backpack XPL_USDC_PERP+0.0100%1h0.09526+0.168%$178K$189K10xas long as short
Variational Omni XPL+0.0100%4h0.09516+0.060%$1.7M$2.0Mas long as short
GRVT XPL_USDT_Perp+0.0100%4h0.09517+0.078%$253K$1.3M10xas long as short
ApeX Omni XPLUSDT+0.0100%1h0.09530+0.210%$25K$75K50xas long as short
Polymarket Perps XPL-USD+0.0100%1h0.09531+0.225%$125K$1.8M10xas long as short
SunX XPL-USDTlong+0.0100%4h0.09510long leg$2K$1.6M20x
SoDEX XPL-USD+0.0100%1h0.09520+0.105%$193$9K10xas long as short
HTX XPL-USDT+0.0100%4h0.09524+0.147%$131K$212K20xas long as short
Aevo XPL-PERP+0.0104%1h0.09518+0.082%$28K$18K3xas long as short
Phoenix XPL+0.0249%1h0.09543+0.347%$193K$495K10xas long as short
BloFin XPL-USDTshort+0.0340%4h0.09519+0.095%$1.7M$921K75x
Coinbase International XPL-PERP-INTX+0.0808%1h0.09620+1.157%$65K$92K50xas long as short
Kraken Futures PF_XPLUSD+0.2735%1h0.09593+0.869%$542K$937K10xas long as short