Funding arb · Price arb /

XPL

all XPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Variational Omni against SunX−0.143%7-day average +0.141% · you buy dearer than you sell

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

Long on SunX Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)0.000%$0 on $10k

Price spread, last 3 days (all we have)+0.264%+$26 · spread now −0.143%, 7d avg +0.141%

Together, before fees+0.264%+ Points / potential airdropVariational Omni: Active · farm board+$26 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: Variational Omni is 0.284% cheaper against SunX than usual: you would sell low and buy high, −$28 on $10k if it goes back to its 7-day average of +0.141%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX XPL-USDT	0.09910	0.0100	pay 0.0050% / 4h	3h 08m	$3K	$2.0M	20x
Short	Variational Omni XPL	0.09896	0.0100	get 0.0050% / 4h	3h 08m	$1.8M	$2.0M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.143%Rate

Funding earned: $0
Price spread: −0.143% → +0.141%: −$28.4
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$36.4
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 7 min ago; Variational Omni: RFQ quote, just now. 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, 7 min ago	35.34 bp	166.2 bp −$166	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, just now	4.03 bp	doesn't fit	40.3 bp −$403	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
01 Exchange XPLUSD	−0.0200%	1h	0.09923	+0.131%	$577	$708	5x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0174% / S +0.0547%	1h	0.09920	+0.102%	$114K	—	100x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09922	+0.120%	$8K	—	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−23.607%	—	—	—	as long as short
Deribit XPL_USDC-PERPETUAL	0.0000%	1h	0.09920	+0.101%	$48K	$18K	25x	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0003%	1h	0.09921	+0.114%	$77K	—	150x	as long as short
Lighter XPL	+0.0016%	1h	0.09901	−0.091%	$4.5M	$4.2M	10x	as long as short
Orderly PERP_XPL_USDC	+0.0019%	4h	0.09915	+0.050%	$30K	$335K	10x	as long as short
Paradex XPL-USD-PERP	+0.0047%	8h	0.09923	+0.133%	$13K	$2K	5x	as long as short
OKX XPL-USDT-SWAP	+0.0082%	4h	0.09909	−0.010%	$8.8M	$56.1M	50x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado XPL-PERP	+0.0100%	1h	0.09923	+0.131%	$1.5M	$2.6M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09920	+0.100%	$256K	$539K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09926	+0.160%	$226K	$46K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09911	+0.010%	$45.4M	$108.8M	75x	as long as short
Bybit XPLUSDT	+0.0100%	4h	0.09912	+0.020%	$48.3M	$56.1M	75x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09870	−0.404%	$144K	$2K	10x	as long as short
Gate XPL_USDT	+0.0100%	4h	0.09918	+0.081%	$3.1M	$4.0M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09909	−0.010%	$13.2M	$7.7M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09912	+0.020%	$2.4M	$1.5M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09921	+0.111%	$8.9M	$11.2M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09910	0.000%	—	$8.0M	—	as long as short
Backpack XPL_USDC_PERP	+0.0100%	1h	0.09919	+0.091%	$185K	$254K	10x	as long as short
Variational Omni XPLshort	+0.0100%	4h	0.09896	−0.143%	$1.8M	$2.0M	—
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09903	−0.070%	$263K	$844K	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09910	0.000%	$26K	$89K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09931	+0.213%	$133K	$2.7M	10x	as long as short
SunX XPL-USDTlong	+0.0100%	4h	0.09910	long leg	$3K	$2.0M	20x
SoDEX XPL-USD	+0.0100%	1h	0.09910	0.000%	$498	$11K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09916	+0.061%	$144K	$243K	20x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09909	−0.012%	$673K	$1.1M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09915	+0.050%	$29K	$18K	3x	as long as short
Phoenix XPL	+0.0163%	1h	0.09925	+0.151%	$201K	$655K	10x	as long as short
Hyperliquid XPL	+0.0188%	1h	0.09931	+0.213%	$64.4M	$47.0M	10x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09916	+0.061%	$1.8M	$1.2M	75x	as long as short
Coinbase International XPL-PERP-INTX	+0.0376%	1h	0.09980	+0.706%	$74K	$97K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.4993%	1h	0.09964	+0.546%	$576K	$1.0M	10x	as long as short