XPL

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0306%/8h= −33.5% APRnext payment −$0.38 per $10,000 · paid last 24h −0.034%

Price spread now: Backpack against Aevo+0.031%7-day average — · you sell dearer than you buy

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

Long on Aevo Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 5 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

The price spread pays, funding is against you. Backpack is 0.031% dearer against Aevo than usual: you sell high and buy low (spread +0.031% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 8 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo XPL-PERP	0.09675	0.0104	pay 0.0013% / 1h	10m 27s	$29K	$18K	3x
Short	Backpack XPL_USDC_PERP	0.09678	−0.0202	pay 0.0025% / 1h	10m 27s	$179K	$243K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against Aevo. 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 AevobpFee BackpackbpOrdersPrice spread, now +0.031%Rate

Funding earned: −$64.23
Price spread: +0.031% → 0.000%: $3.1
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$87.13
Costs to cover: 0.260%
Break-even: never at this rate

Slippage unknown: Aevo: no order-book sample; Backpack: live order book, 58 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 Aevo no order-book sample	—	—	—	—	—
Sell Backpack live order book, 58 min ago	1.01 bp	8.9 bp −$9	doesn't fit	doesn't fit	doesn't fit

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 35 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	−0.0272%	1h	0.09653	−0.227%	$561	$708	5x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0204% / S +0.0566%	1h	0.09680	+0.052%	$111K	—	100x	as long as short
Backpack XPL_USDC_PERPshort	−0.0202%	1h	0.09678	+0.031%	$179K	$243K	10x
Deribit XPL_USDC-PERPETUAL	−0.0163%	1h	0.09681	+0.062%	$46K	$18K	25x	as long as short
Orderly PERP_XPL_USDC	0.0000%	4h	0.09677	+0.021%	$29K	$335K	10x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09670	−0.050%	$8K	—	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−21.751%	—	—	—	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0003%	1h	0.09679	+0.038%	$60K	—	150x	as long as short
OKX XPL-USDT-SWAP	+0.0048%	4h	0.09657	−0.186%	$8.4M	$53.9M	50x	as long as short
Paradex XPL-USD-PERP	+0.0051%	8h	0.09671	−0.040%	$13K	$2K	5x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter XPL	+0.0056%	1h	0.09660	−0.155%	$4.4M	$4.2M	10x	as long as short
Nado XPL-PERP	+0.0100%	1h	0.09664	−0.114%	$1.2M	$2.8M	10x	as long as short
Hyperliquid XPL	+0.0100%	1h	0.09667	−0.086%	$61.6M	$47.9M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09683	+0.083%	$246K	$511K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09672	−0.027%	$220K	$47K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09663	−0.129%	$43.8M	$108.5M	75x	as long as short
Bybit XPLUSDT	+0.0100%	4h	0.09658	−0.176%	$46.5M	$56.7M	75x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09660	−0.155%	$141K	$7K	10x	as long as short
Gate XPL_USDT	+0.0100%	4h	0.09672	−0.031%	$3.0M	$3.9M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09670	−0.052%	$12.7M	$7.9M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09658	−0.176%	$2.3M	$1.5M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09662	−0.134%	$8.6M	$11.2M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09662	−0.134%	—	$8.0M	—	as long as short
Variational Omni XPL	+0.0100%	4h	0.09671	−0.043%	$1.7M	$1.8M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09664	−0.115%	$257K	$891K	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09680	+0.052%	$25K	$83K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09668	−0.072%	$132K	$2.6M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09660	−0.155%	$2K	$1.9M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09680	+0.052%	$197	$11K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09673	−0.021%	$142K	$248K	20x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09662	−0.139%	$655K	$1.1M	25x	as long as short
Aevo XPL-PERPlong	+0.0104%	1h	0.09675	long leg	$29K	$18K	3x
Phoenix XPL	+0.0328%	1h	0.09687	+0.124%	$196K	$657K	10x	as long as short
Coinbase International XPL-PERP-INTX	+0.0496%	1h	0.09766	+0.941%	$78K	$95K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.4401%	1h	0.09719	+0.454%	$551K	$1.0M	10x	as long as short