Funding arb · Price arb /

XPL

all XPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0524%/8h= +57.4% APRpaid last 24h +0.051%

Price spread now: HTX against 01 Exchange−0.021%7-day average — · you buy dearer than you sell

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

Long on 01 Exchange Short on HTX

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—needs both histories

Funding pays, the price is against you. HTX is 0.021% cheaper against 01 Exchange than usual: you would sell low and buy high (spread −0.021% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$2 on $10k: about 3 hours of funding at the current rate (+$16 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange XPLUSD	0.09612	−0.0424	get 0.0053% / 1h	30m 58s	$559	$708	5x
Short	HTX XPL-USDT	0.09610	0.0100	get 0.0050% / 4h	1h 30m	$144K	$264K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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

Position, each leg$Hold fordaysFee 01 ExchangebpFee HTXbpOrdersPrice spread, now −0.021%Rate

Funding earned: $110.04
Price spread: −0.021% → 0.000%: −$2.08
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee HTX: 6 bp × 2 orders: −$12
Net: $88.96
Costs to cover: 0.190%
Break-even: 1.3 days

Slippage unknown: 01 Exchange: no order-book sample; HTX: live order book, 31 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 01 Exchange no order-book sample	—	—	—	—	—
Sell HTX live order book, 31 min ago	14.47 bp	69.9 bp −$70	doesn't fit	doesn't fit	doesn't fit

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
Backpack XPL_USDC_PERP	−0.0451%	1h	0.09629	+0.177%	$181K	$243K	10x	as long as short
01 Exchange XPLUSDlong	−0.0424%	1h	0.09612	long leg	$559	$708	5x
GMX XPL/USD [WBTC.b-USDC]	L −0.0254% / S +0.0580%	1h	0.09620	+0.086%	$106K	—	100x	as long as short
Orderly PERP_XPL_USDC	−0.0004%	4h	0.09619	+0.073%	$29K	$335K	10x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09619	+0.068%	$8K	—	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−21.236%	—	—	—	as long as short
Deribit XPL_USDC-PERPETUAL	0.0000%	1h	0.09625	+0.135%	$46K	$18K	25x	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09620	+0.083%	$73K	—	150x	as long as short
Bybit XPLUSDT	+0.0017%	4h	0.09615	+0.031%	$45.6M	$56.8M	75x	as long as short
OKX XPL-USDT-SWAP	+0.0046%	4h	0.09617	+0.052%	$8.3M	$53.0M	50x	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	+0.0058%	8h	0.09610	−0.024%	$12K	$2K	5x	as long as short
Gate XPL_USDT	+0.0064%	4h	0.09624	+0.125%	$3.0M	$3.8M	75x	as long as short
Lighter XPL	+0.0096%	1h	0.09616	+0.042%	$4.4M	$4.2M	10x	as long as short
Nado XPL-PERP	+0.0100%	1h	0.09619	+0.073%	$1.2M	$2.8M	10x	as long as short
Hyperliquid XPL	+0.0100%	1h	0.09637	+0.256%	$60.5M	$48.2M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09625	+0.132%	$244K	$501K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09615	+0.035%	$219K	$48K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09625	+0.133%	$43.5M	$108.7M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09625	+0.135%	$12.4M	$7.9M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09616	+0.042%	$2.3M	$1.5M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09619	+0.073%	$8.5M	$11.1M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09622	+0.104%	—	$8.0M	—	as long as short
Variational Omni XPL	+0.0100%	4h	0.09609	−0.036%	$1.7M	$1.8M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09614	+0.016%	$255K	$912K	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09630	+0.187%	$25K	$83K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09627	+0.157%	$128K	$2.6M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09600	−0.125%	$3K	$1.9M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09620	+0.083%	$2K	$11K	10x	as long as short
HTX XPL-USDTshort	+0.0100%	4h	0.09610	−0.021%	$144K	$264K	20x
Bulk XPL-USD	+0.0100%	1h	0.09615	+0.031%	$140K	$7K	10x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09620	+0.086%	$633K	$1.1M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09625	+0.135%	$29K	$18K	3x	as long as short
Phoenix XPL	+0.0248%	1h	0.09629	+0.177%	$195K	$629K	10x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09618	+0.062%	$1.7M	$1.0M	75x	as long as short
Coinbase International XPL-PERP-INTX	+0.0672%	1h	0.09640	+0.291%	$74K	$93K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.3558%	1h	0.09661	+0.509%	$548K	$1.0M	10x	as long as short