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: Polymarket Perps against SunX+0.262%7-day average +0.257% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on SunX Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.045%−$4 on $10k

Price spread, last 4 days (all we have)+0.378%+$38 · spread now +0.262%, 7d avg +0.257%

Together, before fees+0.333%+$33 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX XPL-USDT	0.09530	0.0100	pay 0.0050% / 4h	3h 45m	$3K	$1.6M	20x
Short	Polymarket Perps XPL-USD	0.09555	0.0100	get 0.0013% / 1h	45m 22s	$125K	$1.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now +0.262%Rate

Funding earned: $0
Price spread: +0.262% → +0.257%: $0.56
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$15.44
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 10 min ago; Polymarket Perps: live order book, 18 min ago. Net counts fees only.

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, 10 min ago	36.71 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 18 min ago	2.56 bp	8.8 bp −$9	9.1 bp −$91	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	−0.1360%	1h	0.09536	+0.063%	$4.3M	$3.1M	10x	as long as short
Deribit XPL_USDC-PERPETUAL	−0.0483%	1h	0.09548	+0.189%	$46K	$18K	25x	as long as short
01 Exchange XPLUSD	−0.0424%	1h	0.09539	+0.094%	$555	$873	5x	as long as short
Bybit XPLUSDT	−0.0301%	4h	0.09543	+0.136%	$45.4M	$54.0M	75x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0234% / S +0.0570%	1h	0.09552	+0.226%	$105K	—	100x	as long as short
Paradex XPL-USD-PERP	−0.0089%	8h	0.09540	+0.110%	$12K	$696	5x	as long as short
Orderly PERP_XPL_USDC	−0.0024%	4h	0.09542	+0.126%	$30K	$269K	10x	as long as short
OKX XPL-USDT-SWAP	−0.0014%	4h	0.09540	+0.105%	$7.6M	$47.5M	50x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09560	+0.313%	$9K	$600	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−20.559%	—	—	—	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	0.09558	+0.296%	$72K	—	150x	as long as short
Gate XPL_USDT	+0.0086%	4h	0.09545	+0.157%	$2.9M	$3.3M	75x	as long as short
Nado XPL-PERP	+0.0100%	1h	0.09542	+0.131%	$1.3M	$2.2M	10x	as long as short
Hyperliquid XPL	+0.0100%	1h	0.09562	+0.339%	$60.5M	$46.0M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09554	+0.249%	$252K	$404K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09554	+0.250%	$219K	$46K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09542	+0.126%	$43.4M	$97.8M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09547	+0.178%	$12.5M	$6.5M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09547	+0.178%	$2.3M	$1.2M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09555	+0.262%	$9.0M	$9.8M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09543	+0.136%	—	$7.8M	—	as long as short
Backpack XPL_USDC_PERP	+0.0100%	1h	0.09556	+0.273%	$179K	$180K	10x	as long as short
Variational Omni XPL	+0.0100%	4h	0.09547	+0.178%	$1.7M	$1.9M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09540	+0.107%	$256K	$1.3M	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09580	+0.525%	$25K	$74K	50x	as long as short
Polymarket Perps XPL-USDshort	+0.0100%	1h	0.09555	+0.262%	$125K	$1.7M	10x
SunX XPL-USDTlong	+0.0100%	4h	0.09530	long leg	$3K	$1.6M	20x
SoDEX XPL-USD	+0.0100%	1h	0.09550	+0.210%	$191	$9K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09558	+0.294%	$132K	$210K	20x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09540	+0.109%	$139K	$0	10x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09541	+0.120%	$595K	$1.1M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09545	+0.157%	$28K	$18K	3x	as long as short
Phoenix XPL	+0.0251%	1h	0.09563	+0.346%	$194K	$494K	10x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09544	+0.147%	$1.7M	$928K	75x	as long as short
Coinbase International XPL-PERP-INTX	+0.0536%	1h	0.09596	+0.693%	$64K	$92K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.2708%	1h	0.09578	+0.506%	$543K	$945K	10x	as long as short