Settings8H · net · $10k
Funding arb · Price arb /

XPL

all XPL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC+0.0120%/8h= +13.1% APRnext payment +$0.15 per $10,000 · paid last 24h +0.019%
Price spread now: dYdX against 01 Exchange−0.025%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before feesneeds both histories
Funding pays, the price is against you. dYdX is 0.025% cheaper against 01 Exchange than usual: you would sell low and buy high (spread −0.025% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 17 hours of funding at the current rate (+$4 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
Long01 Exchange XPLUSD0.09864−0.0120get 0.0015% / 1h30m 50s$573$7085x
ShortdYdX XPL-USD0.098620get 0.0000% / 1h30m 50s$8K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

dYdX against 01 Exchange. 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

Funding earned
$25.2
Price spread: −0.025% → 0.000%
−$2.51
Slippage, 4 orders
no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Fee dYdX: 5 bp × 2 orders
−$10
Net
$5.69
Costs to cover
0.170%
Break-even
5.4 days
Slippage unknown: 01 Exchange: no order-book sample; dYdX: 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
LegHalf-spread$10k$100k$1M$5M
Buy 01 Exchange no order-book sample
Sell dYdX no order-book sample
01 Exchange and dYdX: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GMX XPL/USD [WBTC.b-USDC]L −0.0164% / S +0.0540%1h0.09866+0.022%$114K100xas long as short
01 Exchange XPLUSDlong−0.0120%1h0.09864long leg$573$7085x
Backpack XPL_USDC_PERP−0.0089%1h0.09863−0.010%$184K$273K10xas long as short
Lighter XPL−0.0056%1h0.09844−0.203%$4.5M$4.2M10xas long as short
Deribit XPL_USDC-PERPETUAL−0.0054%1h0.09859−0.051%$47K$18K25xas long as short
dYdX XPL-USDshort0.0000%1h0.09862−0.025%$8K5x
Reya XPLRUSDPERP0.0000%1h0.07570−23.252%as long as short
gTrade (Gains Network) XPL/USDL +0.0005% / S −0.0003%1h0.09867+0.027%$77K150xas long as short
Orderly PERP_XPL_USDC+0.0029%4h0.09857−0.071%$30K$335K10xas long as short
Paradex XPL-USD-PERP+0.0046%8h0.09860−0.039%$13K$2K5xas long as short
Show all 36 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Nado XPL-PERP+0.0100%1h0.09860−0.035%$1.5M$2.6M10xas long as short
Aster XPLUSDT+0.0100%4h0.09863−0.007%$255K$534K20xas long as short
Pacifica XPL+0.0100%1h0.09867+0.034%$225K$46K10xas long as short
Binance XPLUSDT+0.0100%4h0.09873+0.095%$45.1M$108.7M75xas long as short
Bybit XPLUSDT+0.0100%4h0.09876+0.122%$47.9M$55.7M75xas long as short
OKX XPL-USDT-SWAP+0.0100%4h0.09874+0.101%$8.7M$56.0M50xas long as short
Bulk XPL-USD+0.0100%1h0.09765−1.001%$142K$2K10xas long as short
Gate XPL_USDT+0.0100%4h0.09878+0.142%$3.1M$4.0M75xas long as short
MEXC XPL_USDT+0.0100%4h0.09871+0.071%$13.0M$7.7M100xas long as short
KuCoin XPLUSDTM+0.0100%4h0.09861−0.030%$2.4M$1.5M50xas long as short
Bitget XPLUSDT+0.0100%4h0.09881+0.172%$8.8M$11.1M75xas long as short
BingX XPL-USDT+0.0100%4h0.09872+0.081%$7.9Mas long as short
Variational Omni XPL+0.0100%4h0.09857−0.071%$1.7M$1.9Mas long as short
GRVT XPL_USDT_Perp+0.0100%4h0.09827−0.372%$260K$840K10xas long as short
ApeX Omni XPLUSDT+0.0100%1h0.09840−0.243%$25K$89K50xas long as short
Polymarket Perps XPL-USD+0.0100%1h0.09876+0.122%$132K$2.7M10xas long as short
SunX XPL-USDT+0.0100%4h0.09850−0.142%$3K$2.0M20xas long as short
SoDEX XPL-USD+0.0100%1h0.09850−0.142%$195$10K10xas long as short
HTX XPL-USDT+0.0100%4h0.09841−0.233%$143K$243K20xas long as short
Extended XPL-USD+0.0104%1h0.09870+0.060%$669K$1.1M25xas long as short
Aevo XPL-PERP+0.0104%1h0.09854−0.097%$29K$18K3xas long as short
Phoenix XPL+0.0163%1h0.09844−0.203%$199K$655K10xas long as short
Hyperliquid XPL+0.0262%1h0.09873+0.088%$63.9M$47.3M10xas long as short
BloFin XPL-USDT+0.0340%4h0.09863−0.010%$1.8M$1.2M75xas long as short
Coinbase International XPL-PERP-INTX+0.0376%1h0.098640.000%$73K$96K50xas long as short
Kraken Futures PF_XPLUSD+0.5025%1h0.09900+0.360%$572K$1.0M10xas long as short