Funding arb · Price arb /

XPL

all XPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Pacifica against SunX+0.370%7-day average +0.216% · you sell dearer than you buy

Net, funding: paid 7d − costs−$350as in the Funding arb table

Net, price: spread back to 7d avg − costs−$334as in the Price arb table

costs, in and out, $10k−$3503.497% of the position

Long on SunX Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.370%+$37 · spread now +0.370%, 7d avg +0.216%

Together, before fees+0.370%+ Points / potential airdropPacifica: Active · farm board+$37 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Pacifica is 0.154% dearer against SunX than usual: you sell high and buy low, +$15 on $10k if it goes back to its 7-day average of +0.216%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX XPL-USDT	0.09590	0.0100	pay 0.0050% / 4h	3h 12m	$3K	$1.6M	20x
Short	Pacifica XPL	0.09625	0.0100	get 0.0013% / 1h	12m 28s	$220K	$47K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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

Position, each leg$Hold fordaysFee SunXbpFee PacificabpOrdersPrice spread, now +0.370%Rate

Funding earned: $0
Price spread: +0.370% → +0.216%: $15.4
Slippage, 4 orders: −$333.73
Fee SunX: 4 bp × 2 orders: −$8
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$334.33
Costs to cover: 3.497%
Break-even: never at this rate

Slippage from SunX: live order book, 13 min ago; Pacifica: live order book, 21 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy SunX live order book, 13 min ago	36.90 bp	164.3 bp −$164	doesn't fit	doesn't fit	doesn't fit
Sell Pacifica live order book, 21 min ago	10.53 bp	20.4 bp −$20	doesn't fit	doesn't fit	doesn't fit

XPL on 36 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter XPL	−0.1112%	1h	0.09605	+0.156%	$4.4M	$3.2M	10x	as long as short
Bybit XPLUSDT	−0.0476%	4h	0.09620	+0.313%	$45.6M	$54.1M	75x	as long as short
01 Exchange XPLUSD	−0.0432%	1h	0.09610	+0.209%	$559	$873	5x	as long as short
Deribit XPL_USDC-PERPETUAL	−0.0374%	1h	0.09611	+0.219%	$46K	$16K	25x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0311% / S +0.0615%	1h	0.09617	+0.284%	$106K	—	100x	as long as short
Paradex XPL-USD-PERP	−0.0123%	8h	0.09615	+0.258%	$12K	$696	5x	as long as short
OKX XPL-USDT-SWAP	−0.0069%	4h	0.09617	+0.282%	$7.6M	$47.9M	50x	as long as short
Orderly PERP_XPL_USDC	−0.0034%	4h	0.09606	+0.167%	$30K	$235K	10x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09620	+0.308%	$9K	$600	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−21.055%	—	—	—	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09617	+0.287%	$73K	—	150x	as long as short
Extended XPL-USD	+0.0016%	1h	0.09613	+0.244%	$607K	$1.2M	25x	as long as short
Gate XPL_USDT	+0.0042%	4h	0.09617	+0.282%	$2.9M	$3.3M	75x	as long as short
Binance XPLUSDT	+0.0089%	4h	0.09618	+0.292%	$43.9M	$98.3M	75x	as long as short
MEXC XPL_USDT	+0.0090%	4h	0.09614	+0.250%	$13.2M	$6.6M	100x	as long as short
Nado XPL-PERP	+0.0100%	1h	0.09616	+0.276%	$1.3M	$2.2M	10x	as long as short
Hyperliquid XPL	+0.0100%	1h	0.09634	+0.455%	$61.0M	$45.7M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09624	+0.356%	$255K	$398K	20x	as long as short
Pacifica XPLshort	+0.0100%	1h	0.09625	+0.370%	$220K	$47K	10x
KuCoin XPLUSDTM	+0.0100%	4h	0.09611	+0.219%	$2.3M	$1.3M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09630	+0.417%	$9.2M	$10.0M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09613	+0.240%	—	$7.7M	—	as long as short
Backpack XPL_USDC_PERP	+0.0100%	1h	0.09620	+0.313%	$183K	$179K	10x	as long as short
Variational Omni XPL	+0.0100%	4h	0.09613	+0.236%	$1.7M	$1.9M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09608	+0.186%	$257K	$1.3M	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09620	+0.313%	$25K	$73K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09628	+0.401%	$126K	$1.7M	10x	as long as short
SunX XPL-USDTlong	+0.0100%	4h	0.09590	long leg	$3K	$1.6M	20x
SoDEX XPL-USD	+0.0100%	1h	0.09610	+0.209%	$189	$9K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09606	+0.167%	$133K	$214K	20x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09570	−0.209%	$139K	$0	10x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09611	+0.219%	$29K	$18K	3x	as long as short
Phoenix XPL	+0.0251%	1h	0.09627	+0.386%	$195K	$494K	10x	as long as short
BloFin XPL-USDT	+0.0330%	4h	0.09607	+0.177%	$1.7M	$954K	75x	as long as short
Coinbase International XPL-PERP-INTX	+0.0536%	1h	0.09640	+0.521%	$64K	$92K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.2689%	1h	0.09645	+0.569%	$548K	$968K	10x	as long as short