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: Variational Omni against BloFin−0.193%101s7-day average −0.005% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on BloFin Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.233%−$23 on $10k

Price spread, last 3 days (all we have)+0.297%+$30 · spread now −0.193%, 7d avg −0.005%

Together, before fees+0.065%+ Points / potential airdropVariational Omni: Active · farm board+$6 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 Variational Omni is 0.189% cheaper against BloFin than usual: you would sell low and buy high (−$19 if the spread goes back to its 7-day average of −0.005%). Swap the legs. The two prices were read 101 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	0.09812	0.0340	pay 0.0170% / 4h	2h 45m	$1.8M	$1.2M	75x
Short	Variational Omni XPL	0.09793	0.0100	get 0.0050% / 4h	2h 45m	$1.7M	$1.9M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.193%Rate

Funding earned: −$50.4
Price spread: −0.193% → −0.005%: −$18.85
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$81.25
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: BloFin: live order book, 2 min ago; Variational Omni: RFQ quote, 4 min ago. Net counts fees only.

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	0.51 bp	6.8 bp −$7	13.5 bp −$135	58.1 bp −$5,808	doesn't fit
Sell Variational Omni RFQ quote, 4 min ago	4.12 bp	doesn't fit	52.5 bp −$525	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	−0.0363%	1h	0.09785	−0.275%	$47K	$18K	25x	as long as short
Lighter XPL	−0.0296%	1h	0.09781	−0.316%	$4.4M	$4.3M	10x	as long as short
Backpack XPL_USDC_PERP	−0.0103%	1h	0.09789	−0.234%	$181K	$281K	10x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0069% / S +0.0478%	1h	0.09785	−0.270%	$113K	—	100x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09789	−0.234%	$8K	—	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−22.840%	—	—	—	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09787	−0.256%	$72K	—	150x	as long as short
01 Exchange XPLUSD	+0.0080%	1h	0.09791	−0.214%	$569	$582	5x	as long as short
Orderly PERP_XPL_USDC	+0.0080%	4h	0.09786	−0.265%	$27K	$333K	10x	as long as short
Paradex XPL-USD-PERP	+0.0095%	8h	0.09800	−0.121%	$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	0.09792	−0.199%	$1.4M	$2.6M	10x	as long as short
Hyperliquid XPL	+0.0100%	1h	0.09802	−0.099%	$63.0M	$47.1M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09798	−0.144%	$253K	$527K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09797	−0.150%	$222K	$19K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09792	−0.204%	$44.4M	$104.1M	75x	as long as short
Bybit XPLUSDT	+0.0100%	4h	0.09792	−0.204%	$47.6M	$52.8M	75x	as long as short
OKX XPL-USDT-SWAP	+0.0100%	4h	0.09792	−0.204%	$9.0M	$53.1M	50x	as long as short
Gate XPL_USDT	+0.0100%	4h	0.09789	−0.234%	$3.0M	$4.0M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09792	−0.204%	$12.8M	$7.6M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09786	−0.265%	$2.4M	$1.4M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09799	−0.132%	$8.6M	$11.0M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09790	−0.224%	—	$7.9M	—	as long as short
Variational Omni XPLshort	+0.0100%	4h	0.09793	−0.193%	$1.7M	$1.9M	—
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09807	−0.051%	$266K	$769K	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09820	+0.082%	$25K	$86K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09803	−0.095%	$132K	$2.7M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09770	−0.428%	$2K	$2.0M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09780	−0.326%	$208	$10K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09740	−0.734%	$138K	$245K	20x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09730	−0.836%	$140K	$11K	10x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09790	−0.224%	$660K	$1.1M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09788	−0.247%	$38K	$5K	3x	as long as short
BloFin XPL-USDTlong	+0.0340%	4h	0.09812	long leg	$1.8M	$1.2M	75x
Phoenix XPL	+0.0485%	1h	0.09731	−0.826%	$199K	$646K	10x	as long as short
Coinbase International XPL-PERP-INTX	+0.0824%	1h	0.09844	+0.326%	$74K	$105K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.3480%	1h	0.09827	+0.157%	$517K	$939K	10x	as long as short