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 BingX−0.041%7-day average +0.002% · you buy dearer than you sell

Net, funding: paid 7d − costs−$2as in the Funding arb table

Net, price: spread back to 7d avg − costs−$50as in the Price arb table

costs, in and out, $10k−$460.461% of the position

Long on BingX Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.438%+$44 on $10k

Price spread, last 3 days (all we have)−0.035%−$4 · spread now −0.041%, 7d avg +0.002%

Together, before fees+0.403%+$40 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.044% cheaper against BingX than usual: you would sell low and buy high (spread −0.041% now, against its 7-day average of +0.002%). If the spread goes back, that is −$4 on $10k: about 15 hours of funding at the current rate (+$7 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX XPL-USDT	0.09724	0.0100	pay 0.0050% / 4h	28m 49s	—	$7.9M	—
Short	BloFin XPL-USDT	0.09720	0.0340	get 0.0170% / 4h	28m 49s	$1.8M	$1.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against BingX. 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 BingXbpFee BloFinbpOrdersPrice spread, now −0.041%Rate

Funding earned: $50.4
Price spread: −0.041% → +0.002%: −$4.35
Slippage, 4 orders: −$24.1
Fee BingX: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$0.05
Costs to cover: 0.461%
Break-even: 7.0 days

Slippage from BingX: live order book, 9 min ago; BloFin: live order book, 4 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 BingX live order book, 9 min ago	3.61 bp	12.4 bp −$12	20.9 bp −$209	80.0 bp −$7,996	doesn't fit
Sell BloFin live order book, 4 min ago	0.51 bp	10.2 bp −$10	19.2 bp −$192	56.5 bp −$5,653	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
Lighter XPL	−0.0592%	1h	0.09707	−0.175%	$4.4M	$4.2M	10x	as long as short
01 Exchange XPLUSD	−0.0408%	1h	0.09713	−0.113%	$565	$708	5x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0135% / S +0.0522%	1h	0.09724	−0.005%	$112K	—	100x	as long as short
Deribit XPL_USDC-PERPETUAL	−0.0058%	1h	0.09725	+0.010%	$47K	$18K	25x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09720	−0.040%	$8K	—	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07570	−22.146%	—	—	—	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0003%	1h	0.09723	−0.007%	$76K	—	150x	as long as short
Paradex XPL-USD-PERP	+0.0020%	8h	0.09719	−0.049%	$13K	$2K	5x	as long as short
Orderly PERP_XPL_USDC	+0.0051%	4h	0.09718	−0.062%	$29K	$335K	10x	as long as short
Gate XPL_USDT	+0.0076%	4h	0.09719	−0.051%	$3.0M	$4.0M	75x	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	0.09718	−0.062%	$1.4M	$2.6M	10x	as long as short
Hyperliquid XPL	+0.0100%	1h	0.09731	+0.073%	$62.8M	$48.1M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09729	+0.049%	$252K	$527K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09725	+0.010%	$221K	$46K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09717	−0.072%	$44.2M	$108.2M	75x	as long as short
Bybit XPLUSDT	+0.0100%	4h	0.09722	−0.021%	$47.3M	$55.3M	75x	as long as short
OKX XPL-USDT-SWAP	+0.0100%	4h	0.09718	−0.062%	$8.8M	$54.3M	50x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09721	−0.031%	$12.7M	$7.6M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09718	−0.062%	$2.4M	$1.5M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09724	0.000%	$8.7M	$11.1M	75x	as long as short
BingX XPL-USDTlong	+0.0100%	4h	0.09724	long leg	—	$7.9M	—
Backpack XPL_USDC_PERP	+0.0100%	1h	0.09721	−0.031%	$179K	$281K	10x	as long as short
Variational Omni XPL	+0.0100%	4h	0.09696	−0.284%	$1.6M	$1.9M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09699	−0.259%	$260K	$806K	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09710	−0.144%	$25K	$88K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09729	+0.048%	$130K	$2.7M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09700	−0.247%	$2K	$2.0M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09720	−0.041%	$201	$10K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09699	−0.257%	$138K	$233K	20x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09700	−0.249%	$141K	$9K	10x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09718	−0.060%	$653K	$1.1M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09725	+0.010%	$38K	$5K	3x	as long as short
Phoenix XPL	+0.0327%	1h	0.09714	−0.103%	$197K	$651K	10x	as long as short
BloFin XPL-USDTshort	+0.0340%	4h	0.09720	−0.041%	$1.8M	$1.2M	75x
Coinbase International XPL-PERP-INTX	+0.0568%	1h	0.09825	+1.039%	$72K	$97K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.5107%	1h	0.09775	+0.529%	$564K	$1.0M	10x	as long as short