XPL

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0240%/8h= +26.3% APRnext payment +$1.20 per $10,000 · paid last 24h +0.072%

Price spread now: BloFin against Binance+0.010%7-day average −0.019% · you sell dearer than you buy

Net, funding: paid 7d − costs+$8as in the Funding arb table

Net, price: spread back to 7d avg − costs−$35as in the Price arb table

costs, in and out, $10k−$380.377% of the position

Long on Binance Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.462%+$46 on $10k

Price spread, last 3 days (all we have)−0.130%−$13 · spread now +0.010%, 7d avg −0.019%

Together, before fees+0.331%+$33 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and BloFin is 0.029% dearer against Binance than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.019%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance XPLUSDT	0.09715	0.0100	pay 0.0050% / 4h	1h 10m	$43.9M	$107.0M	75x
Short	BloFin XPL-USDT	0.09716	0.0340	get 0.0170% / 4h	1h 10m	$1.7M	$1.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Binance. 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 BinancebpFee BloFinbpOrdersPrice spread, now +0.010%Rate

Funding earned: $50.4
Price spread: +0.010% → −0.019%: $2.9
Slippage, 4 orders: −$15.72
Fee Binance: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: $15.58
Costs to cover: 0.377%
Break-even: 4.8 days

Slippage from Binance: live order book, 2 min ago; BloFin: live order book, 2 min ago.

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 Binance live order book, 2 min ago	0.51 bp	7.5 bp −$7	22.8 bp −$228	128.1 bp −$12.8K	doesn't fit
Sell BloFin live order book, 2 min ago	1.03 bp	10.4 bp −$10	17.4 bp −$174	65.3 bp −$6,527	doesn't fit

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
Backpack XPL_USDC_PERP	−0.0292%	1h	0.09712	−0.031%	$177K	$282K	10x	as long as short
01 Exchange XPLUSD	−0.0224%	1h	0.09712	−0.031%	$565	$708	5x	as long as short
Lighter XPL	−0.0208%	1h	0.09696	−0.196%	$4.4M	$4.1M	10x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0115% / S +0.0509%	1h	0.09711	−0.040%	$112K	—	100x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09718	+0.035%	$8K	—	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−22.074%	—	—	—	as long as short
Deribit XPL_USDC-PERPETUAL	0.0000%	1h	0.09711	−0.041%	$47K	$18K	25x	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09710	−0.050%	$72K	—	150x	as long as short
Orderly PERP_XPL_USDC	+0.0071%	4h	0.09705	−0.103%	$29K	$335K	10x	as long as short
Paradex XPL-USD-PERP	+0.0085%	8h	0.09718	+0.032%	$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	0.09710	−0.046%	$1.4M	$2.6M	10x	as long as short
Hyperliquid XPL	+0.0100%	1h	0.09727	+0.118%	$62.9M	$47.8M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09713	−0.021%	$251K	$527K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09720	+0.056%	$221K	$46K	10x	as long as short
Binance XPLUSDTlong	+0.0100%	4h	0.09715	long leg	$43.9M	$107.0M	75x
Bybit XPLUSDT	+0.0100%	4h	0.09716	+0.010%	$47.9M	$54.9M	75x	as long as short
OKX XPL-USDT-SWAP	+0.0100%	4h	0.09713	−0.021%	$8.9M	$53.9M	50x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09725	+0.098%	$142K	$9K	10x	as long as short
Gate XPL_USDT	+0.0100%	4h	0.09706	−0.093%	$3.0M	$4.0M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09714	−0.010%	$12.5M	$7.7M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09718	+0.031%	$2.4M	$1.5M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09721	+0.062%	$8.6M	$11.1M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09710	−0.051%	—	$7.9M	—	as long as short
Variational Omni XPL	+0.0100%	4h	0.09719	+0.044%	$1.7M	$1.9M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09717	+0.019%	$259K	$787K	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09720	+0.051%	$25K	$88K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09721	+0.061%	$129K	$2.7M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09690	−0.257%	$3K	$2.0M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09710	−0.051%	$447	$10K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09720	+0.051%	$138K	$246K	20x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09714	−0.015%	$656K	$1.1M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09711	−0.045%	$38K	$5K	3x	as long as short
BloFin XPL-USDTshort	+0.0340%	4h	0.09716	+0.010%	$1.7M	$1.1M	75x
Phoenix XPL	+0.0412%	1h	0.09730	+0.154%	$197K	$652K	10x	as long as short
Coinbase International XPL-PERP-INTX	+0.0792%	1h	0.09760	+0.463%	$72K	$104K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.4597%	1h	0.09765	+0.520%	$560K	$995K	10x	as long as short