XPL

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0043%/8h= −4.7% APRnext payment −$0.05 per $10,000 · paid last 24h −0.010%

Price spread now: gTrade (Gains Network) against Backpack−0.207%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 gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 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

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and gTrade (Gains Network) is 0.207% cheaper against Backpack than usual: you would sell low and buy high (−$21 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack XPL_USDC_PERP	0.09882	0.0047	pay 0.0006% / 1h	58m 25s	$184K	$285K	10x
Short	gTrade (Gains Network) XPL/USD	0.09862	L +0.0005% / S −0.0004%	get 0.0000% / 1h	58m 25s	$73K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now −0.207%Rate

Funding earned: −$9.09
Price spread: −0.207% → 0.000%: −$20.73
Slippage, 4 orders: no order book: not counted
Fee Backpack: 5 bp × 2 orders: −$10
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$49.82
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Backpack: live order book, 30 min ago; gTrade (Gains Network): 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, 30 min ago	0.50 bp	18.2 bp −$18	doesn't fit	doesn't fit	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): 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
GMX XPL/USD [WBTC.b-USDC]	L −0.0063% / S +0.0474%	1h	0.09889	+0.066%	$113K	—	100x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09870	−0.121%	$8K	—	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−23.386%	—	—	—	as long as short
Deribit XPL_USDC-PERPETUAL	0.0000%	1h	0.09891	+0.091%	$49K	$17K	25x	as long as short
gTrade (Gains Network) XPL/USDshort	L +0.0005% / S −0.0004%	1h	0.09862	−0.207%	$73K	—	150x
01 Exchange XPLUSD	+0.0008%	1h	0.09872	−0.101%	$574	$582	5x	as long as short
Backpack XPL_USDC_PERPlong	+0.0047%	1h	0.09882	long leg	$184K	$285K	10x
Orderly PERP_XPL_USDC	+0.0079%	4h	0.09889	+0.071%	$27K	$333K	10x	as long as short
Lighter XPL	+0.0096%	1h	0.09859	−0.233%	$4.5M	$4.2M	10x	as long as short
Paradex XPL-USD-PERP	+0.0099%	8h	0.09871	−0.111%	$13K	$2K	5x	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	0.09871	−0.111%	$1.4M	$2.6M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09871	−0.114%	$255K	$514K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09872	−0.101%	$224K	$19K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09874	−0.081%	$45.0M	$102.7M	75x	as long as short
Bybit XPLUSDT	+0.0100%	4h	0.09868	−0.142%	$47.7M	$51.9M	75x	as long as short
OKX XPL-USDT-SWAP	+0.0100%	4h	0.09873	−0.091%	$9.3M	$53.2M	50x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09901	+0.192%	$143K	$11K	10x	as long as short
Gate XPL_USDT	+0.0100%	4h	0.09870	−0.121%	$3.0M	$4.0M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09873	−0.091%	$13.3M	$7.5M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09875	−0.071%	$2.4M	$1.4M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09874	−0.081%	$8.7M	$11.0M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09869	−0.132%	—	$7.9M	—	as long as short
Variational Omni XPL	+0.0100%	4h	0.09899	+0.168%	$1.7M	$1.9M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09900	+0.182%	$268K	$765K	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09910	+0.283%	$26K	$82K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09881	−0.009%	$133K	$2.7M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09870	−0.121%	$3K	$2.0M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09890	+0.081%	$204	$10K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09902	+0.202%	$140K	$246K	20x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09869	−0.133%	$701K	$1.0M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09884	+0.024%	$38K	$5K	3x	as long as short
Phoenix XPL	+0.0318%	1h	0.09912	+0.304%	$202K	$640K	10x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09893	+0.111%	$1.8M	$1.2M	75x	as long as short
Hyperliquid XPL	+0.0398%	1h	0.09888	+0.064%	$65.3M	$45.1M	10x	as long as short
Coinbase International XPL-PERP-INTX	+0.0824%	1h	0.09965	+0.840%	$75K	$106K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.3445%	1h	0.09926	+0.442%	$296K	$674K	10x	as long as short