XPL

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0205%/8h= −22.5% APRnext payment −$1.03 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against Binance−0.053%7-day average −0.015% · you buy dearer than you sell

Net, funding: paid 7d − costs−$60as in the Funding arb table

Net, price: spread back to 7d avg − costs−$56as in the Price arb table

costs, in and out, $10k−$520.520% of the position

Long on Binance Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.078%−$8 on $10k

Price spread, last 7 days+0.051%+$5 · spread now −0.053%, 7d avg −0.015%

Together, before fees−0.027%−$3 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Bybit is 0.038% cheaper against Binance than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.015%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.078% in total (about -4.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.03 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance XPLUSDT	0.09670	0.0100	pay 0.0050% / 4h	31m 01s	$43.9M	$103.3M	75x
Short	Bybit XPLUSDT	0.09665	−0.0105	pay 0.0053% / 4h	31m 01s	$45.7M	$54.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.053%Rate

Funding earned: −$43.13
Price spread: −0.053% → −0.015%: −$3.8
Slippage, 4 orders: −$30.98
Fee Binance: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$98.92
Costs to cover: 0.520%
Break-even: never at this rate

Slippage from Binance: live order book, 12 min ago; Bybit: live order book, 3 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, 12 min ago	0.52 bp	10.1 bp −$10	26.7 bp −$267	125.3 bp −$12.5K	doesn't fit
Sell Bybit live order book, 3 min ago	0.52 bp	14.3 bp −$14	48.9 bp −$489	doesn't fit	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
01 Exchange XPLUSD	−0.0400%	1h	0.09648	−0.229%	$561	$708	5x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0304% / S +0.0610%	1h	0.09661	−0.096%	$107K	—	100x	as long as short
Bybit XPLUSDTshort	−0.0105%	4h	0.09665	−0.053%	$45.7M	$54.8M	75x
Deribit XPL_USDC-PERPETUAL	−0.0060%	1h	0.09663	−0.073%	$46K	$18K	25x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09659	−0.118%	$8K	—	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−21.709%	—	—	—	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09664	−0.067%	$73K	—	150x	as long as short
Orderly PERP_XPL_USDC	+0.0013%	4h	0.09663	−0.073%	$29K	$339K	10x	as long as short
Paradex XPL-USD-PERP	+0.0078%	8h	0.09662	−0.081%	$13K	$2K	5x	as long as short
Lighter XPL	+0.0096%	1h	0.09657	−0.136%	$4.4M	$3.3M	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	0.09662	−0.086%	$1.2M	$2.7M	10x	as long as short
Hyperliquid XPL	+0.0100%	1h	0.09685	+0.150%	$61.0M	$46.9M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09669	−0.013%	$243K	$460K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09660	−0.104%	$220K	$46K	10x	as long as short
Binance XPLUSDTlong	+0.0100%	4h	0.09670	long leg	$43.9M	$103.3M	75x
OKX XPL-USDT-SWAP	+0.0100%	4h	0.09671	+0.009%	$8.3M	$49.8M	50x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09550	−1.242%	$139K	$5K	10x	as long as short
Gate XPL_USDT	+0.0100%	4h	0.09671	+0.009%	$3.0M	$3.6M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09672	+0.020%	$12.4M	$7.7M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09660	−0.104%	$2.3M	$1.4M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09681	+0.113%	$8.6M	$10.1M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09671	+0.009%	—	$7.9M	—	as long as short
Backpack XPL_USDC_PERP	+0.0100%	1h	0.09680	+0.102%	$180K	$221K	10x	as long as short
Variational Omni XPL	+0.0100%	4h	0.09656	−0.148%	$1.7M	$1.9M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09551	−1.233%	$259K	$975K	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09630	−0.415%	$25K	$78K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09669	−0.011%	$125K	$2.0M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09640	−0.311%	$3K	$1.8M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09670	−0.001%	$202	$12K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09627	−0.446%	$141K	$207K	20x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09660	−0.107%	$653K	$1.1M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09660	−0.104%	$29K	$18K	3x	as long as short
Phoenix XPL	+0.0334%	1h	0.09585	−0.880%	$194K	$617K	10x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09657	−0.136%	$1.7M	$986K	75x	as long as short
Coinbase International XPL-PERP-INTX	+0.0616%	1h	0.09676	+0.061%	$75K	$87K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.3286%	1h	0.09706	+0.376%	$550K	$975K	10x	as long as short