XPL

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0161%/8h= −17.6% APRnext payment −$0.20 per $10,000 · paid last 24h −0.065%

Price spread now: Deribit against Bulk+0.468%7-day average — · you sell dearer than you buy

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

Long on Bulk Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. Deribit is 0.468% dearer against Bulk than usual: you sell high and buy low (spread +0.468% now, against zero (this spread has no 7-day history yet)): +$47 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 9.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bulk XPL-USD	0.09610	0.0100	pay 0.0013% / 1h	17m 11s	$140K	$5K	10x
Short	Deribit XPL_USDC-PERPETUAL	0.09655	−0.0061	pay 0.0008% / 1h	17m 11s	$46K	$18K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.468%Rate

Funding earned: −$33.73
Price spread: +0.468% → 0.000%: $46.83
Slippage, 4 orders: no order book: not counted
Fee Bulk: 3.5 bp × 2 orders: −$7
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$0.9
Costs to cover: 0.140%
Break-even: from the start

Slippage unknown: Bulk: live order book, 47 min ago; Deribit: no order-book sample. 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 Bulk live order book, 47 min ago	5.18 bp	8.7 bp −$9	16.9 bp −$169	52.5 bp −$5,253	doesn't fit
Sell Deribit no order-book sample	—	—	—	—	—

Deribit: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
01 Exchange XPLUSD	−0.0376%	1h	0.09644	+0.354%	$561	$708	5x	as long as short
Backpack XPL_USDC_PERP	−0.0278%	1h	0.09657	+0.489%	$182K	$230K	10x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0264% / S +0.0585%	1h	0.09656	+0.478%	$106K	—	100x	as long as short
Bybit XPLUSDT	−0.0080%	4h	0.09645	+0.364%	$45.7M	$56.7M	75x	as long as short
Deribit XPL_USDC-PERPETUALshort	−0.0061%	1h	0.09655	+0.468%	$46K	$18K	25x
dYdX XPL-USD	0.0000%	1h	0.09658	+0.496%	$8K	—	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−21.221%	—	—	—	as long as short
Orderly PERP_XPL_USDC	0.0000%	4h	0.09650	+0.416%	$29K	$335K	10x	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09658	+0.495%	$73K	—	150x	as long as short
OKX XPL-USDT-SWAP	+0.0058%	4h	0.09658	+0.499%	$8.3M	$52.8M	50x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex XPL-USD-PERP	+0.0063%	8h	0.09652	+0.441%	$13K	$2K	5x	as long as short
Lighter XPL	+0.0096%	1h	0.09646	+0.375%	$4.4M	$4.2M	10x	as long as short
Gate XPL_USDT	+0.0098%	4h	0.09656	+0.479%	$3.0M	$3.8M	75x	as long as short
Nado XPL-PERP	+0.0100%	1h	0.09650	+0.421%	$1.2M	$2.8M	10x	as long as short
Hyperliquid XPL	+0.0100%	1h	0.09672	+0.648%	$60.7M	$48.2M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09660	+0.517%	$245K	$497K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09660	+0.517%	$220K	$48K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09651	+0.424%	$43.7M	$108.5M	75x	as long as short
Bulk XPL-USDlong	+0.0100%	1h	0.09610	long leg	$140K	$5K	10x
MEXC XPL_USDT	+0.0100%	4h	0.09654	+0.458%	$12.6M	$7.9M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09653	+0.447%	$2.3M	$1.5M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09661	+0.531%	$8.6M	$11.1M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09651	+0.427%	—	$8.0M	—	as long as short
Variational Omni XPL	+0.0100%	4h	0.09649	+0.403%	$1.7M	$1.8M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09638	+0.295%	$261K	$922K	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09660	+0.520%	$25K	$83K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09660	+0.522%	$128K	$2.6M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09630	+0.208%	$3K	$1.9M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09650	+0.416%	$2K	$11K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09659	+0.510%	$145K	$263K	20x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09648	+0.401%	$636K	$1.1M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09650	+0.418%	$29K	$18K	3x	as long as short
Phoenix XPL	+0.0248%	1h	0.09660	+0.520%	$196K	$629K	10x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09649	+0.406%	$1.7M	$1.0M	75x	as long as short
Coinbase International XPL-PERP-INTX	+0.0672%	1h	0.09670	+0.624%	$75K	$93K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.3546%	1h	0.09694	+0.874%	$550K	$1.0M	10x	as long as short