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: BingX against BloFin−0.041%96s7-day average +0.001% · you buy dearer than you sell

Net, funding: paid 7d − costs−$98as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$540.538% of the position

Long on BloFin Short on BingX

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)+0.226%+$23 · spread now −0.041%, 7d avg +0.001%

Together, before fees−0.212%−$21 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and BingX is 0.042% cheaper against BloFin than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.001%). Swap the legs. The two prices were read 96 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin XPL-USDT	0.09759	0.0340	pay 0.0170% / 4h	2h 35m	$1.8M	$1.2M	75x
Short	BingX XPL-USDT	0.09755	0.0100	get 0.0050% / 4h	2h 35m	—	$7.9M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against BloFin. 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 BloFinbpFee BingXbpOrdersPrice spread, now −0.041%Rate

Funding earned: −$50.4
Price spread: −0.041% → +0.001%: −$4.21
Slippage, 4 orders: −$31.84
Fee BloFin: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$108.45
Costs to cover: 0.538%
Break-even: never at this rate

Slippage from BloFin: live order book, 2 min ago; BingX: live order book, 7 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 BloFin live order book, 2 min ago	1.02 bp	10.9 bp −$11	17.7 bp −$177	68.5 bp −$6,854	doesn't fit
Sell BingX live order book, 7 min ago	5.09 bp	13.6 bp −$14	28.8 bp −$288	88.6 bp −$8,862	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	−0.0120%	1h	0.09745	−0.143%	$4.4M	$4.3M	10x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0074% / S +0.0482%	1h	0.09760	+0.009%	$112K	—	100x	as long as short
Deribit XPL_USDC-PERPETUAL	−0.0057%	1h	0.09756	−0.031%	$47K	$18K	25x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09750	−0.091%	$8K	—	5x	as long as short
01 Exchange XPLUSD	0.0000%	1h	0.09768	+0.092%	$568	$582	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−22.424%	—	—	—	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09759	+0.001%	$72K	—	150x	as long as short
Backpack XPL_USDC_PERP	+0.0013%	1h	0.09755	−0.041%	$178K	$283K	10x	as long as short
Orderly PERP_XPL_USDC	+0.0082%	4h	0.09752	−0.072%	$27K	$333K	10x	as long as short
Paradex XPL-USD-PERP	+0.0094%	8h	0.09744	−0.149%	$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	0.09763	+0.044%	$1.4M	$2.6M	10x	as long as short
Hyperliquid XPL	+0.0100%	1h	0.09768	+0.089%	$62.8M	$47.1M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09760	+0.007%	$252K	$527K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09750	−0.092%	$221K	$45K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09770	+0.113%	$44.2M	$104.4M	75x	as long as short
Bybit XPLUSDT	+0.0100%	4h	0.09767	+0.082%	$47.6M	$53.2M	75x	as long as short
OKX XPL-USDT-SWAP	+0.0100%	4h	0.09769	+0.102%	$9.0M	$53.1M	50x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09822	+0.650%	$142K	$11K	10x	as long as short
Gate XPL_USDT	+0.0100%	4h	0.09754	−0.051%	$3.0M	$4.0M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09753	−0.061%	$12.7M	$7.6M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09749	−0.102%	$2.4M	$1.4M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09772	+0.133%	$8.6M	$11.0M	75x	as long as short
BingX XPL-USDTshort	+0.0100%	4h	0.09755	−0.041%	—	$7.9M	—
Variational Omni XPL	+0.0100%	4h	0.09799	+0.410%	$1.7M	$1.9M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09763	+0.040%	$264K	$786K	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09780	+0.215%	$25K	$86K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09779	+0.206%	$130K	$2.7M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09740	−0.195%	$3K	$2.0M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09750	−0.092%	$207	$10K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09756	−0.031%	$138K	$245K	20x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09752	−0.068%	$656K	$1.1M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09756	−0.034%	$38K	$5K	3x	as long as short
BloFin XPL-USDTlong	+0.0340%	4h	0.09759	long leg	$1.8M	$1.2M	75x
Phoenix XPL	+0.0485%	1h	0.09766	+0.072%	$197K	$646K	10x	as long as short
Coinbase International XPL-PERP-INTX	+0.0824%	1h	0.09844	+0.871%	$74K	$105K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.3486%	1h	0.09809	+0.509%	$516K	$939K	10x	as long as short