XPL

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0119%/8h= −13.0% APRnext payment −$0.60 per $10,000 · paid last 24h −0.072%

Price spread now: GRVT against BloFin+0.156%7-day average −0.010% · you sell dearer than you buy

Net, funding: paid 7d − costs−$185as in the Funding arb table

Net, price: spread back to 7d avg − costs−$123as in the Price arb table

costs, in and out, $10k−$1401.398% of the position

Long on BloFin Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.450%−$45 on $10k

Price spread, last 4 days (all we have)+0.092%+$9 · spread now +0.156%, 7d avg −0.010%

Together, before fees−0.358%+ Points / potential airdropGRVT: Active · farm board−$36 on $10k · with fees, hour by hour

The price spread pays, funding is against you. GRVT is 0.166% dearer against BloFin than usual: you sell high and buy low (spread +0.156% now, against its 7-day average of −0.010%): +$17 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 4.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin XPL-USDT	0.09494	0.0219	pay 0.0110% / 4h	1h 57m	$1.7M	$829K	75x
Short	GRVT XPL_USDT_Perp	0.09509	0.0100	get 0.0050% / 4h	1h 57m	$253K	$1.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now +0.156%Rate

Funding earned: −$25.01
Price spread: +0.156% → −0.010%: $16.63
Slippage, 4 orders: −$118.76
Fee BloFin: 6 bp × 2 orders: −$12
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$148.14
Costs to cover: 1.398%
Break-even: never at this rate

Slippage from BloFin: live order book, 3 min ago; GRVT: 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 BloFin live order book, 3 min ago	3.68 bp	11.8 bp −$12	24.6 bp −$246	81.5 bp −$8,145	doesn't fit
Sell GRVT live order book, 3 min ago	5.27 bp	60.2 bp −$60	86.7 bp −$867	doesn't fit	doesn't fit

XPL on 36 exchanges

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	−0.0736%	1h	0.09476	−0.190%	$4.3M	$3.0M	10x	as long as short
01 Exchange XPLUSD	−0.0496%	1h	0.09478	−0.169%	$551	$873	5x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0412% / S +0.0674%	1h	0.09499	+0.057%	$105K	—	100x	as long as short
Deribit XPL_USDC-PERPETUAL	−0.0382%	1h	0.09486	−0.084%	$47K	$18K	25x	as long as short
Bybit XPLUSDT	−0.0249%	4h	0.09479	−0.158%	$44.8M	$51.9M	75x	as long as short
Extended XPL-USD	−0.0152%	1h	0.09478	−0.170%	$601K	$1.1M	25x	as long as short
Paradex XPL-USD-PERP	−0.0109%	8h	0.09484	−0.102%	$12K	$696	5x	as long as short
Orderly PERP_XPL_USDC	−0.0084%	4h	0.09481	−0.137%	$30K	$185K	10x	as long as short
OKX XPL-USDT-SWAP	−0.0054%	4h	0.09482	−0.126%	$7.5M	$46.2M	50x	as long as short
Binance XPLUSDT	−0.0021%	4h	0.09480	−0.146%	$43.5M	$95.6M	75x	as long as short

Show all 36 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC XPL_USDT	−0.0020%	4h	0.09479	−0.158%	$13.4M	$6.3M	100x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09508	+0.145%	$9K	$600	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−20.259%	—	—	—	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09491	−0.029%	$72K	—	150x	as long as short
Gate XPL_USDT	+0.0022%	4h	0.09484	−0.105%	$2.9M	$3.2M	75x	as long as short
Aevo XPL-PERP	+0.0072%	1h	0.09480	−0.147%	$28K	$18K	3x	as long as short
Nado XPL-PERP	+0.0100%	1h	0.09484	−0.105%	$1.2M	$2.2M	10x	as long as short
Hyperliquid XPL	+0.0100%	1h	0.09499	+0.050%	$60.2M	$42.1M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09491	−0.027%	$253K	$361K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09500	+0.063%	$217K	$46K	10x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09483	−0.116%	$2.4M	$1.4M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09490	−0.042%	$8.9M	$9.9M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09477	−0.179%	—	$7.7M	—	as long as short
Backpack XPL_USDC_PERP	+0.0100%	1h	0.09491	−0.032%	$179K	$170K	10x	as long as short
Variational Omni XPL	+0.0100%	4h	0.09489	−0.050%	$1.7M	$1.7M	—	as long as short
GRVT XPL_USDT_Perpshort	+0.0100%	4h	0.09509	+0.156%	$253K	$1.3M	10x
ApeX Omni XPLUSDT	+0.0100%	1h	0.09500	+0.063%	$25K	$68K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09492	−0.016%	$124K	$1.2M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09470	−0.253%	$3K	$1.5M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09480	−0.147%	$180	$9K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09487	−0.074%	$132K	$204K	20x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09497	+0.037%	$138K	$5K	10x	as long as short
Phoenix XPL	+0.0166%	1h	0.09514	+0.211%	$192K	$434K	10x	as long as short
BloFin XPL-USDTlong	+0.0219%	4h	0.09494	long leg	$1.7M	$829K	75x
Coinbase International XPL-PERP-INTX	+0.0712%	1h	0.09538	+0.463%	$64K	$91K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.1344%	1h	0.09517	+0.241%	$544K	$976K	10x	as long as short