XPL

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0492%/8h= −53.9% APRnext payment −$0.61 per $10,000 · paid last 24h −0.198%

Price spread now: Bulk against Coinbase International−0.773%7-day average — · you buy dearer than you sell

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

Long on Coinbase International Short on Bulk

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

Both sides work against this trade now: funding costs −$15 a day on $10k at the current rate, and Bulk is 0.773% cheaper against Coinbase International than usual: you would sell low and buy high (−$77 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International XPL-PERP-INTX	0.09640	0.0592	pay 0.0074% / 1h	40m 11s	$67K	$90K	50x
Short	Bulk XPL-USD	0.09565	0.0100	get 0.0013% / 1h	40m 11s	$139K	$0	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bulk against Coinbase International. 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 Coinbase InternationalbpFee BulkbpOrdersPrice spread, now −0.773%Rate

Funding earned: −$103.32
Price spread: −0.773% → 0.000%: −$77.34
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Bulk: 3.5 bp × 2 orders: −$7
Net: −$197.66
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Coinbase International: no order-book sample; Bulk: live order book, 9 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 Coinbase International no order-book sample	—	—	—	—	—
Sell Bulk live order book, 9 min ago	5.23 bp	8.7 bp −$9	8.7 bp −$87	25.4 bp −$2,542	104.5 bp −$52.3K

Coinbase International: 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
Deribit XPL_USDC-PERPETUAL	−0.0274%	1h	0.09540	−1.037%	$46K	$18K	25x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0234% / S +0.0570%	1h	0.09540	−1.033%	$105K	—	100x	as long as short
01 Exchange XPLUSD	−0.0216%	1h	0.09524	−1.203%	$554	$708	5x	as long as short
Lighter XPL	−0.0048%	1h	0.09528	−1.162%	$4.3M	$3.0M	10x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09538	−1.053%	$9K	$600	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−21.464%	—	—	—	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09544	−0.996%	$72K	—	150x	as long as short
Orderly PERP_XPL_USDC	+0.0015%	4h	0.09535	−1.089%	$29K	$320K	10x	as long as short
Backpack XPL_USDC_PERP	+0.0038%	1h	0.09543	−1.006%	$173K	$190K	10x	as long as short
Paradex XPL-USD-PERP	+0.0064%	8h	0.09530	−1.138%	$12K	$696	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	0.09530	−1.141%	$1.2M	$2.4M	10x	as long as short
Hyperliquid XPL	+0.0100%	1h	0.09550	−0.938%	$60.3M	$46.8M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09542	−1.012%	$247K	$430K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09536	−1.081%	$218K	$47K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09532	−1.116%	$43.3M	$100.4M	75x	as long as short
Bybit XPLUSDT	+0.0100%	4h	0.09530	−1.141%	$45.2M	$54.3M	75x	as long as short
OKX XPL-USDT-SWAP	+0.0100%	4h	0.09533	−1.110%	$8.1M	$48.1M	50x	as long as short
Bulk XPL-USDshort	+0.0100%	1h	0.09565	−0.773%	$139K	$0	10x
Gate XPL_USDT	+0.0100%	4h	0.09534	−1.100%	$3.0M	$3.4M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09531	−1.131%	$12.4M	$6.9M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09537	−1.068%	$2.3M	$1.4M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09545	−0.985%	$9.1M	$9.7M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09538	−1.058%	—	$7.8M	—	as long as short
Variational Omni XPL	+0.0100%	4h	0.09544	−0.991%	$1.7M	$1.9M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09588	−0.534%	$258K	$1.1M	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09570	−0.726%	$25K	$77K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09543	−1.004%	$125K	$2.0M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09510	−1.349%	$3K	$1.7M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09530	−1.141%	$201	$12K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09532	−1.120%	$139K	$184K	20x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09533	−1.109%	$632K	$1.2M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09537	−1.072%	$28K	$18K	3x	as long as short
Phoenix XPL	+0.0251%	1h	0.09575	−0.674%	$194K	$536K	10x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09548	−0.954%	$1.7M	$943K	75x	as long as short
Coinbase International XPL-PERP-INTXlong	+0.0592%	1h	0.09640	long leg	$67K	$90K	50x
Kraken Futures PF_XPLUSD	+0.2905%	1h	0.09571	−0.719%	$544K	$988K	10x	as long as short