XPL

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0046%/8h= +5.1% APRnext payment +$0.23 per $10,000 · paid last 24h +0.006%

Price spread now: Gate against Bybit+0.010%7-day average +0.036% · you sell dearer than you buy

Net, funding: paid 7d − costs−$82as in the Funding arb table

Net, price: spread back to 7d avg − costs−$80as in the Price arb table

costs, in and out, $10k−$770.772% of the position

Long on Bybit Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.046%−$5 on $10k

Price spread, last 7 days+0.040%+$4 · spread now +0.010%, 7d avg +0.036%

Together, before fees−0.006%−$1 on $10k · with fees, hour by hour

Funding pays, the price is against you. Gate is 0.025% cheaper against Bybit than usual: you would sell low and buy high (spread +0.010% now, against its 7-day average of +0.036%). If the spread goes back, that is −$3 on $10k: about 44 hours of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit XPLUSDT	0.09691	0.0054	pay 0.0027% / 4h	3h 33m	$45.9M	$54.3M	75x
Short	Gate XPL_USDT	0.09692	0.0100	get 0.0050% / 4h	3h 33m	$3.1M	$3.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Bybit. 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 BybitbpFee GatebpOrdersPrice spread, now +0.010%Rate

Funding earned: $9.74
Price spread: +0.010% → +0.036%: −$2.53
Slippage, 4 orders: −$51.19
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$69.97
Costs to cover: 0.772%
Break-even: 57.3 days

Slippage from Bybit: live order book, 1 min ago; Gate: live order book, 5 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 Bybit live order book, 1 min ago	0.52 bp	13.4 bp −$13	33.3 bp −$333	doesn't fit	doesn't fit
Sell Gate live order book, 5 min ago	3.09 bp	23.1 bp −$23	151.1 bp −$1,511	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
01 Exchange XPLUSD	−0.0400%	1h	0.09688	−0.031%	$563	$708	5x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0304% / S +0.0610%	1h	0.09698	+0.073%	$107K	—	100x	as long as short
Backpack XPL_USDC_PERP	−0.0095%	1h	0.09700	+0.093%	$177K	$190K	10x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09680	−0.111%	$9K	$585	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−21.878%	—	—	—	as long as short
Deribit XPL_USDC-PERPETUAL	0.0000%	1h	0.09699	+0.083%	$46K	$18K	25x	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09697	+0.066%	$73K	—	150x	as long as short
Orderly PERP_XPL_USDC	+0.0011%	4h	0.09692	+0.010%	$29K	$339K	10x	as long as short
Paradex XPL-USD-PERP	+0.0047%	8h	0.09679	−0.123%	$13K	$2K	5x	as long as short
Bybit XPLUSDTlong	+0.0054%	4h	0.09691	long leg	$45.9M	$54.3M	75x

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter XPL	+0.0096%	1h	0.09688	−0.031%	$4.4M	$3.0M	10x	as long as short
Nado XPL-PERP	+0.0100%	1h	0.09684	−0.072%	$1.2M	$2.5M	10x	as long as short
Hyperliquid XPL	+0.0100%	1h	0.09711	+0.207%	$61.6M	$46.7M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09701	+0.099%	$253K	$454K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09685	−0.057%	$221K	$46K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09695	+0.037%	$44.0M	$102.1M	75x	as long as short
OKX XPL-USDT-SWAP	+0.0100%	4h	0.09695	+0.041%	$8.3M	$49.1M	50x	as long as short
Gate XPL_USDTshort	+0.0100%	4h	0.09692	+0.010%	$3.1M	$3.5M	75x
MEXC XPL_USDT	+0.0100%	4h	0.09695	+0.041%	$12.8M	$7.0M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09699	+0.083%	$2.3M	$1.4M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09701	+0.103%	$8.9M	$9.6M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09694	+0.031%	—	$7.8M	—	as long as short
Variational Omni XPL	+0.0100%	4h	0.09694	+0.029%	$1.7M	$1.9M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09690	−0.010%	$256K	$1.0M	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09720	+0.299%	$25K	$78K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09702	+0.111%	$129K	$2.0M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09680	−0.114%	$3K	$1.7M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09690	−0.010%	$201	$12K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09696	+0.052%	$142K	$192K	20x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09680	−0.114%	$141K	$5K	10x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09692	+0.010%	$657K	$1.1M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09695	+0.041%	$29K	$18K	3x	as long as short
Phoenix XPL	+0.0248%	1h	0.09709	+0.186%	$197K	$573K	10x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09694	+0.031%	$1.7M	$969K	75x	as long as short
Coinbase International XPL-PERP-INTX	+0.0640%	1h	0.09722	+0.320%	$75K	$76K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.3099%	1h	0.09719	+0.294%	$553K	$990K	10x	as long as short