Funding arb · Price arb /

XPL

all XPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0316%/8h= −34.6% APRpaid last 24h −0.050%

Price spread now: 01 Exchange against SunX+0.414%7-day average — · you sell dearer than you buy

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

Long on SunX Short on 01 Exchange

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 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. 01 Exchange is 0.414% dearer against SunX than usual: you sell high and buy low (spread +0.414% now, against zero (this spread has no 7-day history yet)): +$41 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 4.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX XPL-USDT	0.09670	0.0100	pay 0.0050% / 4h	2h 43m	$3K	$2.0M	20x
Short	01 Exchange XPLUSD	0.09710	−0.0216	pay 0.0027% / 1h	43m 24s	$565	$708	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now +0.414%Rate

Funding earned: −$66.36
Price spread: +0.414% → 0.000%: $41.37
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: −$39.99
Costs to cover: 0.150%
Break-even: from the start

Slippage unknown: SunX: live order book, 3 min ago; 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy SunX live order book, 3 min ago	36.25 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell 01 Exchange no order-book sample	—	—	—	—	—

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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange XPLUSDshort	−0.0216%	1h	0.09710	+0.414%	$565	$708	5x
GMX XPL/USD [WBTC.b-USDC]	L −0.0188% / S +0.0555%	1h	0.09698	+0.293%	$111K	—	100x	as long as short
Backpack XPL_USDC_PERP	−0.0114%	1h	0.09730	+0.620%	$180K	$242K	10x	as long as short
Lighter XPL	−0.0024%	1h	0.09699	+0.300%	$4.4M	$4.2M	10x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09708	+0.388%	$8K	—	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−21.709%	—	—	—	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0003%	1h	0.09702	+0.334%	$78K	—	150x	as long as short
Orderly PERP_XPL_USDC	+0.0007%	4h	0.09708	+0.393%	$29K	$335K	10x	as long as short
Paradex XPL-USD-PERP	+0.0057%	8h	0.09718	+0.500%	$13K	$2K	5x	as long as short
Deribit XPL_USDC-PERPETUAL	+0.0059%	1h	0.09716	+0.476%	$47K	$18K	25x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX XPL-USDT-SWAP	+0.0060%	4h	0.09694	+0.248%	$8.4M	$56.0M	50x	as long as short
Nado XPL-PERP	+0.0100%	1h	0.09706	+0.372%	$1.2M	$2.8M	10x	as long as short
Hyperliquid XPL	+0.0100%	1h	0.09714	+0.451%	$62.9M	$47.9M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09729	+0.614%	$247K	$550K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09715	+0.465%	$221K	$47K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09706	+0.370%	$44.2M	$110.9M	75x	as long as short
Bybit XPLUSDT	+0.0100%	4h	0.09699	+0.300%	$46.7M	$58.2M	75x	as long as short
Gate XPL_USDT	+0.0100%	4h	0.09701	+0.321%	$3.0M	$3.8M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09703	+0.341%	$12.9M	$7.9M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09697	+0.279%	$2.3M	$1.5M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09703	+0.341%	$8.5M	$11.5M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09703	+0.341%	—	$8.0M	—	as long as short
Variational Omni XPL	+0.0100%	4h	0.09678	+0.083%	$1.7M	$1.9M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09680	+0.100%	$264K	$858K	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09720	+0.517%	$25K	$90K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09711	+0.420%	$130K	$2.7M	10x	as long as short
SunX XPL-USDTlong	+0.0100%	4h	0.09670	long leg	$3K	$2.0M	20x
SoDEX XPL-USD	+0.0100%	1h	0.09720	+0.517%	$203	$11K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09676	+0.062%	$141K	$255K	20x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09710	+0.417%	$141K	$7K	10x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09705	+0.360%	$655K	$1.1M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09715	+0.461%	$29K	$18K	3x	as long as short
Phoenix XPL	+0.0328%	1h	0.09693	+0.238%	$196K	$657K	10x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09706	+0.372%	$1.8M	$1.1M	75x	as long as short
Coinbase International XPL-PERP-INTX	+0.0496%	1h	0.09692	+0.228%	$79K	$102K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.4389%	1h	0.09745	+0.778%	$552K	$1.0M	10x	as long as short