XPL

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.0724%/8h= −79.3% APRnext payment −$0.90 per $10,000 · paid last 24h −0.196%

Price spread now: Pacifica against Coinbase International−0.367%7-day average −0.684% · you buy dearer than you sell

Net, funding: paid 7d − costs−$147as in the Funding arb table

Net, price: spread back to 7d avg − costs−$121as in the Price arb table

costs, in and out, $10k−$1531.530% of the position

Long on Coinbase International Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.061%+$6 on $10k

Price spread, last 3 days (all we have)−0.268%−$27 · spread now −0.367%, 7d avg −0.684%

Together, before fees−0.207%+ Points / potential airdropPacifica: Active · farm board−$21 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Pacifica is 0.317% dearer against Coinbase International than usual: you sell high and buy low (spread −0.367% now, against its 7-day average of −0.684%): +$32 on $10k if it goes back. Holding the pair costs −$22 a day in funding at the current rate, which eats that in about 35 hours. Mind the row above: over the last 7 days funding on this pair paid +0.061%, so the current rate has only just turned against you.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.061% in total (about 3.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.90 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International XPL-PERP-INTX	0.09783	0.0824	pay 0.0103% / 1h	15m 13s	$74K	$103K	50x
Short	Pacifica XPL	0.09747	0.0100	get 0.0013% / 1h	15m 13s	$221K	$45K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now −0.367%Rate

Funding earned: −$152.04
Price spread: −0.367% → −0.684%: $31.66
Slippage, 4 orders: −$135.02
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$273.4
Costs to cover: 1.530%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 7 min ago; Pacifica: live order book, 8 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 Coinbase International live order book, 7 min ago	38.25 bp	45.0 bp −$45	doesn't fit	doesn't fit	doesn't fit
Sell Pacifica live order book, 8 min ago	5.10 bp	24.5 bp −$25	doesn't fit	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
Deribit XPL_USDC-PERPETUAL	−0.0159%	1h	0.09765	−0.184%	$47K	$18K	25x	as long as short
Lighter XPL	−0.0096%	1h	0.09751	−0.327%	$4.4M	$4.3M	10x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0084% / S +0.0488%	1h	0.09742	−0.416%	$112K	—	100x	as long as short
01 Exchange XPLUSD	−0.0048%	1h	0.09738	−0.460%	$566	$582	5x	as long as short
Backpack XPL_USDC_PERP	−0.0006%	1h	0.09755	−0.286%	$178K	$283K	10x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09751	−0.327%	$8K	—	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−22.615%	—	—	—	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09746	−0.380%	$72K	—	150x	as long as short
Orderly PERP_XPL_USDC	+0.0083%	4h	0.09741	−0.429%	$27K	$333K	10x	as long as short
Paradex XPL-USD-PERP	+0.0091%	8h	0.09741	−0.434%	$13K	$2K	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	0.09747	−0.368%	$1.4M	$2.6M	10x	as long as short
Hyperliquid XPL	+0.0100%	1h	0.09750	−0.335%	$62.7M	$47.1M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09743	−0.413%	$252K	$527K	20x	as long as short
Pacifica XPLshort	+0.0100%	1h	0.09747	−0.367%	$221K	$45K	10x
Binance XPLUSDT	+0.0100%	4h	0.09762	−0.215%	$44.0M	$105.1M	75x	as long as short
Bybit XPLUSDT	+0.0100%	4h	0.09738	−0.460%	$47.5M	$53.5M	75x	as long as short
OKX XPL-USDT-SWAP	+0.0100%	4h	0.09758	−0.256%	$9.0M	$53.4M	50x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09815	+0.327%	$141K	$11K	10x	as long as short
Gate XPL_USDT	+0.0100%	4h	0.09741	−0.429%	$3.0M	$4.0M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09738	−0.460%	$12.7M	$7.7M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09743	−0.409%	$2.4M	$1.4M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09757	−0.266%	$8.6M	$11.1M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09740	−0.440%	—	$7.9M	—	as long as short
Variational Omni XPL	+0.0100%	4h	0.09749	−0.347%	$1.7M	$1.9M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09751	−0.331%	$264K	$775K	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09770	−0.133%	$25K	$87K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09749	−0.349%	$129K	$2.7M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09720	−0.644%	$2K	$2.0M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09760	−0.235%	$201	$10K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09753	−0.307%	$138K	$245K	20x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09758	−0.253%	$661K	$1.1M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09766	−0.170%	$38K	$5K	3x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09764	−0.194%	$1.8M	$1.2M	75x	as long as short
Phoenix XPL	+0.0485%	1h	0.09771	−0.123%	$198K	$646K	10x	as long as short
Coinbase International XPL-PERP-INTXlong	+0.0824%	1h	0.09783	long leg	$74K	$103K	50x
Kraken Futures PF_XPLUSD	+0.3484%	1h	0.09815	+0.332%	$517K	$944K	10x	as long as short