XPL

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.1083%/8h= −118.6% APRnext payment −$1.35 per $10,000 · paid last 24h −0.262%

Price spread now: Deribit against Coinbase International−0.512%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 Deribit

What this pair did over the last

the charts below follow

Funding, last 5 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 −$32 a day on $10k at the current rate, and Deribit is 0.512% cheaper against Coinbase International than usual: you would sell low and buy high (−$51 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	0.09567	0.0808	pay 0.0101% / 1h	23m 51s	$64K	$91K	50x
Short	Deribit XPL_USDC-PERPETUAL	0.09518	−0.0275	pay 0.0034% / 1h	23m 51s	$46K	$18K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now −0.512%Rate

Funding earned: −$227.44
Price spread: −0.512% → 0.000%: −$51.22
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$295.66
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Coinbase International: no order-book sample; 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 Coinbase International no order-book sample	—	—	—	—	—
Sell Deribit no order-book sample	—	—	—	—	—

Coinbase International and 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
Lighter XPL	−0.1464%	1h	0.09499	−0.711%	$4.3M	$3.2M	10x	as long as short
01 Exchange XPLUSD	−0.0512%	1h	0.09506	−0.638%	$553	$873	5x	as long as short
Deribit XPL_USDC-PERPETUALshort	−0.0275%	1h	0.09518	−0.512%	$46K	$18K	25x
GMX XPL/USD [WBTC.b-USDC]	L −0.0234% / S +0.0570%	1h	0.09520	−0.487%	$105K	—	100x	as long as short
Paradex XPL-USD-PERP	−0.0036%	8h	0.09513	−0.567%	$12K	$696	5x	as long as short
Orderly PERP_XPL_USDC	−0.0026%	4h	0.09513	−0.564%	$30K	$289K	10x	as long as short
Bybit XPLUSDT	−0.0015%	4h	0.09509	−0.606%	$45.3M	$54.0M	75x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09528	−0.406%	$9K	$600	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−20.868%	—	—	—	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09523	−0.460%	$72K	—	150x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended XPL-USD	+0.0064%	1h	0.09509	−0.601%	$598K	$1.2M	25x	as long as short
OKX XPL-USDT-SWAP	+0.0069%	4h	0.09508	−0.617%	$7.7M	$47.6M	50x	as long as short
Nado XPL-PERP	+0.0100%	1h	0.09517	−0.517%	$1.2M	$2.2M	10x	as long as short
Hyperliquid XPL	+0.0100%	1h	0.09522	−0.466%	$60.1M	$46.0M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09522	−0.468%	$251K	$419K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09523	−0.458%	$218K	$46K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09520	−0.491%	$43.1M	$97.9M	75x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09548	−0.197%	$139K	$0	10x	as long as short
Gate XPL_USDT	+0.0100%	4h	0.09513	−0.564%	$2.9M	$3.4M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09511	−0.585%	$12.4M	$6.6M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09521	−0.481%	$2.3M	$1.2M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09524	−0.449%	$9.0M	$9.9M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09510	−0.596%	—	$7.8M	—	as long as short
Backpack XPL_USDC_PERP	+0.0100%	1h	0.09521	−0.481%	$178K	$189K	10x	as long as short
Variational Omni XPL	+0.0100%	4h	0.09516	−0.536%	$1.7M	$2.0M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09533	−0.360%	$253K	$1.3M	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09550	−0.178%	$25K	$75K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09523	−0.458%	$125K	$1.8M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09490	−0.805%	$2K	$1.6M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09510	−0.596%	$193	$9K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09524	−0.449%	$132K	$212K	20x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09514	−0.555%	$28K	$18K	3x	as long as short
Phoenix XPL	+0.0249%	1h	0.09550	−0.178%	$193K	$495K	10x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09519	−0.502%	$1.7M	$921K	75x	as long as short
Coinbase International XPL-PERP-INTXlong	+0.0808%	1h	0.09567	long leg	$64K	$91K	50x
Kraken Futures PF_XPLUSD	+0.2726%	1h	0.09625	+0.604%	$544K	$932K	10x	as long as short