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

XPL

all XPL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC+0.3267%/8h= +357.8% APRnext payment +$4.08 per $10,000 · paid last 24h +0.697%
Price spread now: Kraken Futures against 01 Exchange+0.366%7-day average · you sell dearer than you buy
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 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$98 a day on $10k at the current rate, and Kraken Futures is 0.366% dearer against 01 Exchange than usual: you sell high and buy low: +$37 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
Long01 Exchange XPLUSD0.09621−0.0432get 0.0054% / 1h49m 17s$559$7085x
ShortKraken Futures PF_XPLUSD0.096560.2835get 0.0354% / 1h49m 17s$548K$954K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Kraken Futures 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
$686.16
Price spread: +0.366% → 0.000%
$36.61
Slippage, 4 orders
no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
$705.78
Costs to cover
0.170%
Break-even
from the start
Slippage unknown: 01 Exchange: no order-book sample; Kraken Futures: live order book, 54 min ago. 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 Kraken Futures live order book, 54 min ago11.46 bp29.6 bp −$30508.4 bp −$5,084doesn't fitdoesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter XPL−0.0824%1h0.09608−0.135%$4.3M$3.1M10xas long as short
01 Exchange XPLUSDlong−0.0432%1h0.09621long leg$559$7085x
GMX XPL/USD [WBTC.b-USDC]L −0.0313% / S +0.0615%1h0.09627+0.060%$106K100xas long as short
Deribit XPL_USDC-PERPETUAL−0.0269%1h0.096210.000%$46K$18K25xas long as short
dYdX XPL-USD0.0000%1h0.09627+0.063%$9K$6005xas long as short
Reya XPLRUSDPERP0.0000%1h0.07571−21.309%as long as short
Orderly PERP_XPL_USDC+0.0002%4h0.09618−0.031%$30K$280K10xas long as short
gTrade (Gains Network) XPL/USDL +0.0005% / S −0.0004%1h0.09628+0.070%$73K150xas long as short
Backpack XPL_USDC_PERP+0.0028%1h0.09627+0.062%$178K$189K10xas long as short
Paradex XPL-USD-PERP+0.0051%8h0.09614−0.074%$12K$6965xas long as short
Show all 36 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Nado XPL-PERP+0.0100%1h0.09622+0.010%$1.2M$2.2M10xas long as short
Hyperliquid XPL+0.0100%1h0.09633+0.123%$60.9M$46.3M10xas long as short
Aster XPLUSDT+0.0100%4h0.09628+0.072%$254K$415K20xas long as short
Pacifica XPL+0.0100%1h0.09624+0.026%$220K$46K10xas long as short
Binance XPLUSDT+0.0100%4h0.09620−0.010%$43.6M$97.4M75xas long as short
Bybit XPLUSDT+0.0100%4h0.09623+0.021%$45.6M$52.9M75xas long as short
OKX XPL-USDT-SWAP+0.0100%4h0.09623+0.021%$8.0M$47.9M50xas long as short
Bulk XPL-USD+0.0100%1h0.09620−0.010%$140K$010xas long as short
Gate XPL_USDT+0.0100%4h0.09620−0.010%$3.0M$3.3M75xas long as short
MEXC XPL_USDT+0.0100%4h0.096210.000%$12.6M$6.8M100xas long as short
KuCoin XPLUSDTM+0.0100%4h0.09618−0.031%$2.3M$1.3M50xas long as short
Bitget XPLUSDT+0.0100%4h0.09632+0.114%$8.9M$9.5M75xas long as short
BingX XPL-USDT+0.0100%4h0.09624+0.031%$7.8Mas long as short
Variational Omni XPL+0.0100%4h0.09621−0.001%$1.7M$1.9Mas long as short
GRVT XPL_USDT_Perp+0.0100%4h0.09627+0.061%$263K$1.2M10xas long as short
ApeX Omni XPLUSDT+0.0100%1h0.09630+0.094%$25K$77K50xas long as short
Polymarket Perps XPL-USD+0.0100%1h0.09628+0.076%$126K$1.8M10xas long as short
SunX XPL-USDT+0.0100%4h0.09600−0.218%$3K$1.6M20xas long as short
SoDEX XPL-USD+0.0100%1h0.09620−0.010%$198$9K10xas long as short
HTX XPL-USDT+0.0100%4h0.09612−0.094%$133K$215K20xas long as short
Extended XPL-USD+0.0104%1h0.09617−0.045%$606K$1.2M25xas long as short
Aevo XPL-PERP+0.0104%1h0.09615−0.065%$29K$18K3xas long as short
Phoenix XPL+0.0248%1h0.09625+0.042%$195K$506K10xas long as short
BloFin XPL-USDT+0.0340%4h0.09615−0.062%$1.7M$938K75xas long as short
Coinbase International XPL-PERP-INTX+0.0664%1h0.09718+1.008%$66K$92K50xas long as short
Kraken Futures PF_XPLUSDshort+0.2835%1h0.09656+0.366%$548K$954K10x