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: Gate against BloFin−0.093%7-day average +0.030% · you buy dearer than you sell

Net, funding: paid 7d − costs−$144as in the Funding arb table

Net, price: spread back to 7d avg − costs−$92as in the Price arb table

costs, in and out, $10k−$800.798% of the position

Long on BloFin Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.640%−$64 on $10k

Price spread, last 3 days (all we have)+0.399%+$40 · spread now −0.093%, 7d avg +0.030%

Together, before fees−0.241%−$24 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 Gate is 0.123% cheaper against BloFin than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of +0.030%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin XPL-USDT	0.09717	0.0340	pay 0.0170% / 4h	2h 52m	$1.8M	$1.2M	75x
Short	Gate XPL_USDT	0.09708	0.0100	get 0.0050% / 4h	2h 52m	$3.0M	$4.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.093%Rate

Funding earned: −$50.4
Price spread: −0.093% → +0.030%: −$12.31
Slippage, 4 orders: −$52.81
Fee BloFin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$142.52
Costs to cover: 0.798%
Break-even: never at this rate

Slippage from BloFin: live order book, 5 min ago; Gate: live order book, 5 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, 5 min ago	2.54 bp	17.7 bp −$18	32.1 bp −$321	98.8 bp −$9,881	doesn't fit
Sell Gate live order book, 5 min ago	5.59 bp	26.1 bp −$26	138.2 bp −$1,382	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
Deribit XPL_USDC-PERPETUAL	−0.0676%	1h	0.09711	−0.062%	$47K	$18K	25x	as long as short
Lighter XPL	−0.0336%	1h	0.09703	−0.144%	$4.4M	$4.2M	10x	as long as short
Backpack XPL_USDC_PERP	−0.0318%	1h	0.09700	−0.175%	$179K	$282K	10x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0066% / S +0.0476%	1h	0.09718	+0.007%	$111K	—	100x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09723	+0.060%	$8K	—	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−22.086%	—	—	—	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09719	+0.023%	$72K	—	150x	as long as short
Orderly PERP_XPL_USDC	+0.0079%	4h	0.09708	−0.093%	$27K	$333K	10x	as long as short
Paradex XPL-USD-PERP	+0.0096%	8h	0.09724	+0.071%	$13K	$2K	5x	as long as short
Nado XPL-PERP	+0.0100%	1h	0.09726	+0.095%	$1.4M	$2.6M	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid XPL	+0.0100%	1h	0.09723	+0.057%	$63.1M	$46.6M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09702	−0.154%	$251K	$527K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09731	+0.140%	$220K	$19K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09708	−0.089%	$44.2M	$103.6M	75x	as long as short
Bybit XPLUSDT	+0.0100%	4h	0.09715	−0.021%	$47.0M	$52.4M	75x	as long as short
OKX XPL-USDT-SWAP	+0.0100%	4h	0.09722	+0.051%	$9.0M	$52.7M	50x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09901	+1.894%	$143K	$11K	10x	as long as short
Gate XPL_USDTshort	+0.0100%	4h	0.09708	−0.093%	$3.0M	$4.0M	75x
MEXC XPL_USDT	+0.0100%	4h	0.09707	−0.103%	$12.8M	$7.6M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09702	−0.154%	$2.4M	$1.4M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09724	+0.072%	$8.6M	$11.0M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09718	+0.010%	—	$7.9M	—	as long as short
Variational Omni XPL	+0.0100%	4h	0.09837	+1.240%	$1.7M	$1.9M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09760	+0.441%	$265K	$782K	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09840	+1.266%	$25K	$82K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09722	+0.047%	$131K	$2.7M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09700	−0.175%	$2K	$2.0M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09700	−0.175%	$206	$10K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09702	−0.154%	$138K	$245K	20x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09708	−0.097%	$653K	$1.1M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09715	−0.022%	$38K	$5K	3x	as long as short
01 Exchange XPLUSD	+0.0288%	1h	0.09787	+0.720%	$569	$582	5x	as long as short
BloFin XPL-USDTlong	+0.0340%	4h	0.09717	long leg	$1.8M	$1.2M	75x
Phoenix XPL	+0.0485%	1h	0.09742	+0.257%	$199K	$646K	10x	as long as short
Coinbase International XPL-PERP-INTX	+0.0824%	1h	0.09965	+2.552%	$75K	$106K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.3483%	1h	0.09817	+1.030%	$397K	$806K	10x	as long as short