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: KuCoin against BloFin−0.227%95s7-day average +0.042% · you buy dearer than you sell

Net, funding: paid 7d − costs−$134as 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−$910.909% of the position

Long on BloFin Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.433%−$43 on $10k

Price spread, last 3 days (all we have)+0.318%+$32 · spread now −0.227%, 7d avg +0.042%

Together, before fees−0.114%−$11 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 KuCoin is 0.269% cheaper against BloFin than usual: you would sell low and buy high (−$27 if the spread goes back to its 7-day average of +0.042%). Swap the legs. The two prices were read 95 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	0.09709	0.0340	pay 0.0170% / 4h	1h 27m	$1.7M	$1.2M	75x
Short	KuCoin XPLUSDTM	0.09687	0.0100	get 0.0050% / 4h	1h 27m	$2.4M	$1.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.227%Rate

Funding earned: −$50.4
Price spread: −0.227% → +0.042%: −$26.86
Slippage, 4 orders: −$66.87
Fee BloFin: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$168.13
Costs to cover: 0.909%
Break-even: never at this rate

Slippage from BloFin: live order book, 5 min ago; KuCoin: 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 BloFin live order book, 5 min ago	1.03 bp	11.7 bp −$12	25.3 bp −$253	73.5 bp −$7,346	doesn't fit
Sell KuCoin live order book, 4 min ago	7.74 bp	36.1 bp −$36	185.6 bp −$1,856	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
Backpack XPL_USDC_PERP	−0.0358%	1h	0.09705	−0.041%	$176K	$281K	10x	as long as short
Deribit XPL_USDC-PERPETUAL	−0.0265%	1h	0.09710	+0.010%	$47K	$18K	25x	as long as short
01 Exchange XPLUSD	−0.0216%	1h	0.09695	−0.144%	$564	$708	5x	as long as short
Lighter XPL	−0.0200%	1h	0.09682	−0.278%	$4.4M	$4.1M	10x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0107% / S +0.0503%	1h	0.09720	+0.108%	$112K	—	100x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09702	−0.069%	$8K	—	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07570	−22.027%	—	—	—	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09721	+0.120%	$72K	—	150x	as long as short
Orderly PERP_XPL_USDC	+0.0074%	4h	0.09708	−0.010%	$29K	$335K	10x	as long as short
Paradex XPL-USD-PERP	+0.0084%	8h	0.09686	−0.235%	$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	0.09701	−0.085%	$1.4M	$2.6M	10x	as long as short
Hyperliquid XPL	+0.0100%	1h	0.09716	+0.070%	$62.8M	$47.7M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09697	−0.120%	$251K	$527K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09698	−0.113%	$221K	$46K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09706	−0.028%	$43.7M	$106.5M	75x	as long as short
Bybit XPLUSDT	+0.0100%	4h	0.09705	−0.041%	$47.1M	$54.2M	75x	as long as short
OKX XPL-USDT-SWAP	+0.0100%	4h	0.09704	−0.051%	$8.8M	$53.5M	50x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09688	−0.215%	$141K	$10K	10x	as long as short
Gate XPL_USDT	+0.0100%	4h	0.09688	−0.216%	$3.0M	$4.0M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09697	−0.124%	$12.6M	$7.6M	100x	as long as short
KuCoin XPLUSDTMshort	+0.0100%	4h	0.09687	−0.227%	$2.4M	$1.4M	50x
Bitget XPLUSDT	+0.0100%	4h	0.09711	+0.021%	$8.6M	$11.1M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09693	−0.165%	—	$7.9M	—	as long as short
Variational Omni XPL	+0.0100%	4h	0.09693	−0.162%	$1.7M	$1.9M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09720	+0.114%	$259K	$787K	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09730	+0.216%	$25K	$87K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09717	+0.082%	$129K	$2.7M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09710	+0.010%	$2K	$2.0M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09710	+0.010%	$447	$10K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09713	+0.041%	$138K	$246K	20x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09689	−0.209%	$657K	$1.1M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09716	+0.071%	$38K	$5K	3x	as long as short
BloFin XPL-USDTlong	+0.0340%	4h	0.09709	long leg	$1.7M	$1.2M	75x
Phoenix XPL	+0.0412%	1h	0.09712	+0.031%	$197K	$652K	10x	as long as short
Coinbase International XPL-PERP-INTX	+0.0792%	1h	0.09760	+0.525%	$72K	$104K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.4601%	1h	0.09758	+0.502%	$521K	$961K	10x	as long as short