Funding arb · Price arb /

XPL

all XPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0685%/8h= +75.0% APRpaid last 24h +0.068%

Price spread now: Paradex against 01 Exchange+0.312%7-day average — · you sell dearer than you buy

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

Long on 01 Exchange Short on Paradex

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 airdropParadex: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$21 a day on $10k at the current rate, and Paradex is 0.312% dearer against 01 Exchange than usual: you sell high and buy low: +$31 more if the spread 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	01 Exchange XPLUSD	0.09377	−0.0776	get 0.0097% / 1h	7m 55s	$545	$873	5x
Short	Paradex XPL-USD-PERP	0.09406	−0.0091	pay 0.0091% / 8h	5h 07m	$12K	$696	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now +0.312%Rate

Funding earned: $143.89
Price spread: +0.312% → 0.000%: $31.17
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Paradex: 2 bp × 2 orders: −$4
Net: $164.06
Costs to cover: 0.110%
Break-even: from the start

Slippage unknown: 01 Exchange: no order-book sample; Paradex: 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 01 Exchange no order-book sample	—	—	—	—	—
Sell Paradex no order-book sample	—	—	—	—	—

01 Exchange and Paradex: 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 exchanges

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 XPLUSDlong	−0.0776%	1h	0.09377	long leg	$545	$873	5x
GMX XPL/USD [WBTC.b-USDC]	L −0.0475% / S +0.0710%	1h	0.09394	+0.179%	$104K	—	100x	as long as short
Bybit XPLUSDT	−0.0350%	4h	0.09391	+0.149%	$44.0M	$54.9M	75x	as long as short
Lighter XPL	−0.0320%	1h	0.09386	+0.096%	$4.3M	$3.1M	10x	as long as short
Deribit XPL_USDC-PERPETUAL	−0.0282%	1h	0.09393	+0.171%	$46K	$18K	25x	as long as short
Orderly PERP_XPL_USDC	−0.0130%	4h	0.09390	+0.139%	$30K	$112K	10x	as long as short
Paradex XPL-USD-PERPshort	−0.0091%	8h	0.09406	+0.312%	$12K	$696	5x
MEXC XPL_USDT	−0.0060%	4h	0.09392	+0.160%	$12.7M	$6.7M	100x	as long as short
Binance XPLUSDT	−0.0060%	4h	0.09388	+0.121%	$43.1M	$98.7M	75x	as long as short
OKX XPL-USDT-SWAP	−0.0011%	4h	0.09393	+0.171%	$7.1M	$48.1M	50x	as long as short

Show all 36 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Reya XPLRUSDPERP	0.0000%	1h	0.07570	−19.266%	—	—	—	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09399	+0.230%	$71K	—	150x	as long as short
Backpack XPL_USDC_PERP	+0.0020%	1h	0.09398	+0.224%	$184K	$173K	10x	as long as short
Extended XPL-USD	+0.0048%	1h	0.09388	+0.117%	$592K	$1.1M	25x	as long as short
Gate XPL_USDT	+0.0056%	4h	0.09395	+0.192%	$2.8M	$3.3M	75x	as long as short
Aevo XPL-PERP	+0.0064%	1h	0.09390	+0.139%	$28K	$18K	3x	as long as short
dYdX XPL-USD	+0.0074%	1h	0.09414	+0.394%	$9K	$1K	5x	as long as short
Nado XPL-PERP	+0.0100%	1h	0.09395	+0.189%	$1.2M	$2.3M	10x	as long as short
Hyperliquid XPL	+0.0100%	1h	0.09411	+0.358%	$59.0M	$42.9M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09390	+0.143%	$242K	$380K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09410	+0.352%	$209K	$52K	10x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09390	+0.139%	$137K	$5K	10x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09386	+0.096%	$2.3M	$1.5M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09400	+0.245%	$8.8M	$10.2M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09389	+0.128%	—	$7.7M	—	as long as short
Variational Omni XPL	+0.0100%	4h	0.09387	+0.108%	$1.8M	$2.0M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09393	+0.168%	$251K	$1.3M	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09390	+0.139%	$24K	$67K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09396	+0.204%	$37K	$1.3M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09380	+0.032%	$2K	$1.5M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09390	+0.139%	$177	$9K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09400	+0.245%	$132K	$218K	20x	as long as short
BloFin XPL-USDT	+0.0177%	4h	0.09424	+0.501%	$1.7M	$862K	75x	as long as short
Phoenix XPL	+0.0252%	1h	0.09407	+0.320%	$190K	$435K	10x	as long as short
Coinbase International XPL-PERP-INTX	+0.0712%	1h	0.09455	+0.832%	$63K	$86K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.1358%	1h	0.09421	+0.467%	$554K	$1.0M	10x	as long as short