XPL

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0240%/8h= −26.3% APRnext payment −$1.20 per $10,000 · paid last 24h −0.072%

Price spread now: MEXC against BloFin−0.146%49s7-day average +0.035% · you buy dearer than you sell

Net, funding: paid 7d − costs−$75as 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−$290.287% of the position

Long on BloFin Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.462%−$46 on $10k

Price spread, last 4 days (all we have)+0.197%+$20 · spread now −0.146%, 7d avg +0.035%

Together, before fees−0.265%−$26 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 MEXC is 0.181% cheaper against BloFin than usual: you would sell low and buy high (−$18 if the spread goes back to its 7-day average of +0.035%). Swap the legs. The two prices were read 49 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	0.09580	0.0340	pay 0.0170% / 4h	3h 56m	$1.7M	$932K	75x
Short	MEXC XPL_USDT	0.09566	0.0100	get 0.0050% / 4h	3h 56m	$12.5M	$6.5M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.146%Rate

Funding earned: −$50.4
Price spread: −0.146% → +0.035%: −$18.07
Slippage, 4 orders: −$16.74
Fee BloFin: 6 bp × 2 orders: −$12
Fee MEXC: 0 bp × 2 orders: $0
Net: −$97.21
Costs to cover: 0.287%
Break-even: never at this rate

Slippage from BloFin: live order book, 1 min ago; MEXC: live order book, 2 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, 1 min ago	2.09 bp	11.9 bp −$12	18.0 bp −$180	73.4 bp −$7,343	doesn't fit
Sell MEXC live order book, 2 min ago	0.52 bp	3.2 bp −$3	8.3 bp −$83	87.4 bp −$8,737	231.7 bp −$115.8K

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	−0.1304%	1h	0.09562	−0.188%	$4.3M	$3.1M	10x	as long as short
01 Exchange XPLUSD	−0.0360%	1h	0.09562	−0.188%	$556	$873	5x	as long as short
Deribit XPL_USDC-PERPETUAL	−0.0272%	1h	0.09581	+0.010%	$46K	$18K	25x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0234% / S +0.0570%	1h	0.09567	−0.137%	$106K	—	100x	as long as short
Bybit XPLUSDT	−0.0104%	4h	0.09558	−0.230%	$45.5M	$53.9M	75x	as long as short
Paradex XPL-USD-PERP	−0.0060%	8h	0.09577	−0.027%	$12K	$696	5x	as long as short
Orderly PERP_XPL_USDC	−0.0026%	4h	0.09560	−0.209%	$30K	$277K	10x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09579	−0.015%	$9K	$600	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−20.973%	—	—	—	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09568	−0.129%	$72K	—	150x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX XPL-USDT-SWAP	+0.0007%	4h	0.09558	−0.230%	$7.7M	$47.6M	50x	as long as short
Backpack XPL_USDC_PERP	+0.0068%	1h	0.09583	+0.031%	$179K	$180K	10x	as long as short
Nado XPL-PERP	+0.0100%	1h	0.09559	−0.217%	$1.3M	$2.2M	10x	as long as short
Hyperliquid XPL	+0.0100%	1h	0.09581	+0.010%	$60.6M	$46.1M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09573	−0.076%	$253K	$406K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09585	+0.052%	$219K	$46K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09559	−0.214%	$43.3M	$97.7M	75x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09555	−0.261%	$139K	$0	10x	as long as short
Gate XPL_USDT	+0.0100%	4h	0.09561	−0.198%	$2.9M	$3.3M	75x	as long as short
MEXC XPL_USDTshort	+0.0100%	4h	0.09566	−0.146%	$12.5M	$6.5M	100x
KuCoin XPLUSDTM	+0.0100%	4h	0.09563	−0.177%	$2.3M	$1.2M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09571	−0.094%	$9.0M	$9.8M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09559	−0.219%	—	$7.8M	—	as long as short
Variational Omni XPL	+0.0100%	4h	0.09567	−0.134%	$1.7M	$1.9M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09556	−0.246%	$256K	$1.3M	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09560	−0.209%	$25K	$75K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09575	−0.052%	$125K	$1.7M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09550	−0.313%	$3K	$1.6M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09580	0.000%	$196	$9K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09551	−0.303%	$132K	$210K	20x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09567	−0.136%	$595K	$1.1M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09560	−0.209%	$28K	$18K	3x	as long as short
Phoenix XPL	+0.0249%	1h	0.09574	−0.063%	$194K	$494K	10x	as long as short
BloFin XPL-USDTlong	+0.0340%	4h	0.09580	long leg	$1.7M	$932K	75x
Coinbase International XPL-PERP-INTX	+0.0536%	1h	0.09596	+0.167%	$64K	$92K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.2701%	1h	0.09602	+0.231%	$542K	$940K	10x	as long as short