XPL

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0468%/8h= +51.2% APRnext payment +$0.58 per $10,000 · paid last 24h +0.202%

Price spread now: Coinbase International against Bulk+0.871%7-day average +0.681% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$53as in the Price arb table

costs, in and out, $10k−$730.725% of the position

Long on Bulk Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.459%+$46 on $10k

Price spread, last 3 days (all we have)−0.215%−$22 · spread now +0.871%, 7d avg +0.681%

Together, before fees+0.243%+$24 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$14 a day on $10k at the current rate, and Coinbase International is 0.190% dearer against Bulk than usual: you sell high and buy low: +$19 more if the spread goes back to its 7-day average of +0.681%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bulk XPL-USD	0.09740	0.0100	pay 0.0013% / 1h	32m 41s	$142K	$9K	10x
Short	Coinbase International XPL-PERP-INTX	0.09825	0.0568	get 0.0071% / 1h	32m 41s	$72K	$97K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Bulk. 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 BulkbpFee Coinbase InternationalbpOrdersPrice spread, now +0.871%Rate

Funding earned: $98.28
Price spread: +0.871% → +0.681%: $19.04
Slippage, 4 orders: −$55.54
Fee Bulk: 3.5 bp × 2 orders: −$7
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $44.78
Costs to cover: 0.725%
Break-even: 3.8 days

Slippage from Bulk: live order book, 46 min ago; Coinbase International: live order book, 45 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 Bulk live order book, 46 min ago	5.15 bp	8.6 bp −$9	14.8 bp −$148	45.9 bp −$4,590	doesn't fit
Sell Coinbase International live order book, 45 min ago	17.51 bp	23.4 bp −$23	166.8 bp −$1,668	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
Lighter XPL	−0.0656%	1h	0.09696	−0.453%	$4.4M	$4.1M	10x	as long as short
01 Exchange XPLUSD	−0.0408%	1h	0.09695	−0.463%	$564	$708	5x	as long as short
Deribit XPL_USDC-PERPETUAL	−0.0162%	1h	0.09711	−0.299%	$47K	$18K	25x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0133% / S +0.0521%	1h	0.09712	−0.289%	$112K	—	100x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09710	−0.304%	$8K	—	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07570	−22.276%	—	—	—	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0003%	1h	0.09710	−0.307%	$76K	—	150x	as long as short
Paradex XPL-USD-PERP	+0.0023%	8h	0.09703	−0.379%	$13K	$2K	5x	as long as short
Orderly PERP_XPL_USDC	+0.0052%	4h	0.09705	−0.361%	$29K	$335K	10x	as long as short
Gate XPL_USDT	+0.0078%	4h	0.09703	−0.381%	$3.0M	$4.0M	75x	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	0.09707	−0.340%	$1.4M	$2.6M	10x	as long as short
Hyperliquid XPL	+0.0100%	1h	0.09720	−0.207%	$62.7M	$48.1M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09713	−0.282%	$252K	$527K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09717	−0.239%	$221K	$46K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09707	−0.339%	$44.1M	$108.1M	75x	as long as short
Bybit XPLUSDT	+0.0100%	4h	0.09709	−0.319%	$47.3M	$55.3M	75x	as long as short
OKX XPL-USDT-SWAP	+0.0100%	4h	0.09709	−0.319%	$8.8M	$54.2M	50x	as long as short
Bulk XPL-USDlong	+0.0100%	1h	0.09740	long leg	$142K	$9K	10x
MEXC XPL_USDT	+0.0100%	4h	0.09708	−0.330%	$12.6M	$7.6M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09707	−0.340%	$2.4M	$1.5M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09713	−0.278%	$8.7M	$11.1M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09706	−0.350%	—	$7.9M	—	as long as short
Backpack XPL_USDC_PERP	+0.0100%	1h	0.09710	−0.309%	$179K	$281K	10x	as long as short
Variational Omni XPL	+0.0100%	4h	0.09708	−0.326%	$1.7M	$1.9M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09715	−0.256%	$260K	$806K	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09720	−0.207%	$25K	$88K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09719	−0.213%	$130K	$2.7M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09690	−0.515%	$3K	$2.0M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09710	−0.309%	$197	$10K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09711	−0.299%	$138K	$233K	20x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09703	−0.378%	$653K	$1.1M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09710	−0.309%	$38K	$5K	3x	as long as short
Phoenix XPL	+0.0327%	1h	0.09751	+0.112%	$197K	$651K	10x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09705	−0.361%	$1.8M	$1.2M	75x	as long as short
Coinbase International XPL-PERP-INTXshort	+0.0568%	1h	0.09825	+0.871%	$72K	$97K	50x
Kraken Futures PF_XPLUSD	+0.5113%	1h	0.09764	+0.244%	$563K	$1.0M	10x	as long as short