Funding arb · Price arb /

XPL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: Aevo against Variational Omni−0.048%7-day average — · you buy dearer than you sell

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

Long on Variational Omni Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aevo is 0.048% cheaper against Variational Omni than usual: you would sell low and buy high, −$5 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni XPL	0.09553	0.0100	pay 0.0050% / 4h	3h 00m	$1.7M	$1.9M	—
Short	Aevo XPL-PERP	0.09548	0.0104	get 0.0013% / 1h	0m 13s	$28K	$18K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Variational Omni. 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 Variational OmnibpFee AevobpOrdersPrice spread, now −0.048%Rate

Funding earned: $0.84
Price spread: −0.048% → 0.000%: −$4.84
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$20
Costs to cover: 0.160%
Break-even: 173.7 days

Slippage unknown: Variational Omni: RFQ quote, 4 min ago; Aevo: 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 Variational Omni RFQ quote, 4 min ago	4.16 bp	doesn't fit	53.0 bp −$530	doesn't fit	doesn't fit
Sell Aevo no order-book sample	—	—	—	—	—

Aevo: 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 XPLUSD	−0.0360%	1h	0.09554	+0.012%	$555	$708	5x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0234% / S +0.0570%	1h	0.09560	+0.080%	$106K	—	100x	as long as short
Backpack XPL_USDC_PERP	−0.0081%	1h	0.09558	+0.054%	$174K	$190K	10x	as long as short
Deribit XPL_USDC-PERPETUAL	−0.0064%	1h	0.09562	+0.096%	$46K	$18K	25x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09559	+0.062%	$9K	$600	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−20.748%	—	—	—	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09560	+0.078%	$72K	—	150x	as long as short
Orderly PERP_XPL_USDC	+0.0009%	4h	0.09556	+0.033%	$29K	$330K	10x	as long as short
Lighter XPL	+0.0016%	1h	0.09546	−0.071%	$4.3M	$3.0M	10x	as long as short
Bybit XPLUSDT	+0.0049%	4h	0.09553	+0.002%	$45.2M	$54.1M	75x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex XPL-USD-PERP	+0.0052%	8h	0.09551	−0.023%	$12K	$696	5x	as long as short
Nado XPL-PERP	+0.0100%	1h	0.09554	+0.012%	$1.2M	$2.4M	10x	as long as short
Hyperliquid XPL	+0.0100%	1h	0.09562	+0.094%	$60.4M	$46.7M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09559	+0.066%	$249K	$426K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09558	+0.055%	$219K	$46K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09554	+0.011%	$43.4M	$100.8M	75x	as long as short
OKX XPL-USDT-SWAP	+0.0100%	4h	0.09554	+0.012%	$8.1M	$48.2M	50x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09601	+0.500%	$140K	$5K	10x	as long as short
Gate XPL_USDT	+0.0100%	4h	0.09558	+0.054%	$3.1M	$3.5M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09557	+0.044%	$12.5M	$7.1M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09550	−0.030%	$2.3M	$1.4M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09562	+0.096%	$9.0M	$9.7M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09553	+0.002%	—	$7.8M	—	as long as short
Variational Omni XPLlong	+0.0100%	4h	0.09553	long leg	$1.7M	$1.9M	—
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09613	+0.632%	$259K	$1.1M	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09610	+0.598%	$25K	$78K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09566	+0.142%	$127K	$1.9M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09540	−0.134%	$3K	$1.7M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09560	+0.075%	$195	$12K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09611	+0.609%	$141K	$184K	20x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09558	+0.051%	$650K	$1.1M	25x	as long as short
Aevo XPL-PERPshort	+0.0104%	1h	0.09548	−0.048%	$28K	$18K	3x
Phoenix XPL	+0.0248%	1h	0.09584	+0.326%	$194K	$573K	10x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09563	+0.106%	$1.7M	$945K	75x	as long as short
Coinbase International XPL-PERP-INTX	+0.0640%	1h	0.09596	+0.452%	$73K	$76K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.3144%	1h	0.09580	+0.282%	$545K	$988K	10x	as long as short