XPL

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0100%/8h= −10.9% APRnext payment −$0.13 per $10,000 · paid last 24h −0.001%

Price spread now: dYdX against Backpack−0.009%7-day average — · you buy dearer than you sell

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

Long on Backpack Short on dYdX

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 sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack XPL_USDC_PERP	0.09769	0.0100	pay 0.0013% / 1h	9m 50s	$180K	$282K	10x
Short	dYdX XPL-USD	0.09768	0	get 0.0000% / 1h	9m 50s	$8K	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Backpack. 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 BackpackbpFee dYdXbpOrdersPrice spread, now −0.009%Rate

Funding earned: −$21
Price spread: −0.009% → 0.000%: −$0.89
Slippage, 4 orders: no order book: not counted
Fee Backpack: 5 bp × 2 orders: −$10
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$41.89
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Backpack: live order book, 3 min ago; 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Backpack live order book, 3 min ago	1.03 bp	8.9 bp −$9	doesn't fit	doesn't fit	doesn't fit
Sell dYdX no order-book sample	—	—	—	—	—

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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter XPL	−0.0512%	1h	0.09751	−0.184%	$4.4M	$4.2M	10x	as long as short
01 Exchange XPLUSD	−0.0384%	1h	0.09775	+0.061%	$568	$708	5x	as long as short
Deribit XPL_USDC-PERPETUAL	−0.0159%	1h	0.09769	0.000%	$47K	$18K	25x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0145% / S +0.0528%	1h	0.09768	−0.014%	$112K	—	100x	as long as short
dYdX XPL-USDshort	0.0000%	1h	0.09768	−0.009%	$8K	—	5x
Reya XPLRUSDPERP	0.0000%	1h	0.07570	−22.506%	—	—	—	as long as short
Paradex XPL-USD-PERP	+0.0005%	8h	0.09760	−0.088%	$13K	$2K	5x	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0003%	1h	0.09769	+0.002%	$76K	—	150x	as long as short
Gate XPL_USDT	+0.0038%	4h	0.09764	−0.051%	$3.0M	$4.1M	75x	as long as short
Orderly PERP_XPL_USDC	+0.0039%	4h	0.09763	−0.061%	$29K	$335K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado XPL-PERP	+0.0100%	1h	0.09773	+0.038%	$1.4M	$2.6M	10x	as long as short
Hyperliquid XPL	+0.0100%	1h	0.09777	+0.078%	$63.0M	$48.2M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09771	+0.019%	$253K	$527K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09760	−0.092%	$222K	$46K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09768	−0.010%	$44.6M	$108.7M	75x	as long as short
Bybit XPLUSDT	+0.0100%	4h	0.09767	−0.020%	$47.3M	$55.6M	75x	as long as short
OKX XPL-USDT-SWAP	+0.0100%	4h	0.09769	0.000%	$8.7M	$55.0M	50x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09711	−0.592%	$141K	$9K	10x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09764	−0.051%	$12.8M	$7.7M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09764	−0.051%	$2.4M	$1.5M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09771	+0.020%	$8.7M	$11.1M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09769	0.000%	—	$7.9M	—	as long as short
Backpack XPL_USDC_PERPlong	+0.0100%	1h	0.09769	long leg	$180K	$282K	10x
Variational Omni XPL	+0.0100%	4h	0.09698	−0.726%	$1.6M	$1.9M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09702	−0.684%	$260K	$806K	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09720	−0.502%	$25K	$88K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09785	+0.161%	$131K	$2.7M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09730	−0.399%	$3K	$2.0M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09760	−0.092%	$204	$10K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09733	−0.369%	$141K	$242K	20x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09763	−0.066%	$657K	$1.1M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09771	+0.026%	$38K	$5K	3x	as long as short
Phoenix XPL	+0.0327%	1h	0.09715	−0.553%	$197K	$651K	10x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09692	−0.788%	$1.7M	$1.2M	75x	as long as short
Coinbase International XPL-PERP-INTX	+0.0568%	1h	0.09735	−0.348%	$72K	$96K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.5088%	1h	0.09812	+0.443%	$566K	$1.0M	10x	as long as short