Settings8H · net · $10k
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Funding arb · Price arb / Crypto

XPL

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LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG
Binance SpotXPLUSDT
0.05903spotno funding——$7.2M1xBuy Binance Spot
SHORT
BinanceXPLUSDT
0.05895+0.0100get 0.0050% / 4h3h 46m$29.8M$33.9M75xShort Binance
Price gap−0.127%
Funding gap+0.0100% /8h

Funding pays +$3 a day on $10k, but the gap is 0.082% under its 7d average: −$8 if it goes back, about 2.7 days of funding.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding+$20+0.0100% /8h now · paid +0.202% over the last 7D
Price−$8spread −0.127% now, avg −0.045% → −0.082% if it goes back
Costs−$700.697% of $10k · taker + slippage, in and out
Result−$58−0.58%no points

Price and funding

1h · history
PRICE SPREAD · 7D
Now−0.127%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

XPL on 34 exchanges

lowest funding first

Before you open

1 ok · 3 to watch
  • Watch: Thin at this size21.8 / 11.7 bp
    At $10k entering Binance Spot costs 21.8 bp, fee and slippage, 1.9× Binance’s.
  • Note: Spot in full, margin on the short$10,000 + $133
    The spot leg is bought with the whole $10k; Binance runs at up to 75x. Only the short can be liquidated, when the price rises, while the spot leg's gain is not yet realised: keep about 2× the margin on Binance.
  • OK: Only the short pays funding— / 4h
    The spot leg pays no funding; Binance settles every 4h.
    Next 24h at the current rates, on $10k a leg: +$3.00Long Binance Spot: 0 payments, $0.00; short Binance: 6 payments, +$3.00.
  • Watch: Gap narrower than usual−0.127% vs −0.045%
    Less room for the price leg to pay you. If it goes back to average, the short loses.
  • Note: Spot has no open interest$29.8M OI
    Only Binance reports one; the spot book's depth is in the cost check above.
  • Note: No points program—
    Neither exchange runs points right now.
  • Watch: KYCBinance Spot Yes · Binance Yes
    Verified KYC to deposit or trade.

Profit calculator

both legs, in and out
Position, each leg
Hold for
Orders
Price spread
Funding rate
Funding earned+0.0096%/8h × 21 periods+$20.20
Price spread−0.127% → −0.045% (7d avg)−$8.16
Slippage, 4 orderslive order books−$39.73
Fee Binance Spot bp × 2 orders−$20.00
Fee Binance bp × 2 orders−$10.00
Net · 7 days · $10k−$57.69
Costs to cover0.697%Break-even27.0 days
Slippage: Binance Spot: live order book, 14 min ago; Binance: live order book, 13 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGBinance Spot0.8521.8 bp−$2246.6 bp−$466doesn’t fitdoesn’t fit
SELL · SHORTBinance0.8611.7 bp−$1232.3 bp−$323243.7 bp−$24.4Kdoesn’t fit

Closing costs about the same again.

Alert

XPL news

posts that mention XPL, from every exchange
11-04 13:18InjectiveListingnew market XPL/USDC PERP ($XPL) seen by our collector