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: Polymarket Perps against Coinbase International−1.107%47s7-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 Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.067%−$7 on $10k

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 Polymarket Perps is 1.107% cheaper against Coinbase International than usual: you would sell low and buy high (−$111 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 47 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.067% in total (about -3.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.61 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	0.09640	0.0592	pay 0.0074% / 1h	39m 35s	$67K	$90K	50x
Short	Polymarket Perps XPL-USD	0.09533	0.0100	get 0.0013% / 1h	39m 35s	$125K	$2.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now −1.107%Rate

Funding earned: −$103.32
Price spread: −1.107% → 0.000%: −$110.68
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$232
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Coinbase International: no order-book sample; Polymarket Perps: live order book, 4 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 Polymarket Perps live order book, 4 min ago	2.25 bp	7.6 bp −$8	8.1 bp −$81	doesn't fit	doesn't fit

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	−0.0232%	1h	0.09517	−1.276%	$553	$708	5x	as long as short
Lighter XPL	−0.0048%	1h	0.09518	−1.266%	$4.3M	$3.0M	10x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09528	−1.166%	$9K	$600	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−21.465%	—	—	—	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
Backpack XPL_USDC_PERP	+0.0012%	1h	0.09536	−1.079%	$173K	$190K	10x	as long as short
Orderly PERP_XPL_USDC	+0.0015%	4h	0.09535	−1.089%	$29K	$320K	10x	as long as short
Paradex XPL-USD-PERP	+0.0064%	8h	0.09519	−1.252%	$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	0.09519	−1.253%	$1.2M	$2.4M	10x	as long as short
Hyperliquid XPL	+0.0100%	1h	0.09541	−1.025%	$60.2M	$46.4M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09527	−1.168%	$246K	$430K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09530	−1.141%	$218K	$47K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09519	−1.255%	$43.2M	$100.3M	75x	as long as short
Bybit XPLUSDT	+0.0100%	4h	0.09519	−1.255%	$45.1M	$54.3M	75x	as long as short
OKX XPL-USDT-SWAP	+0.0100%	4h	0.09525	−1.193%	$8.1M	$48.1M	50x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09565	−0.773%	$139K	$0	10x	as long as short
Gate XPL_USDT	+0.0100%	4h	0.09523	−1.214%	$3.0M	$3.4M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09523	−1.214%	$12.4M	$6.9M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09522	−1.224%	$2.3M	$1.4M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09535	−1.089%	$9.0M	$9.7M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09525	−1.193%	—	$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	0.09537	−1.073%	$257K	$1.1M	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09550	−0.934%	$25K	$77K	50x	as long as short
Polymarket Perps XPL-USDshort	+0.0100%	1h	0.09533	−1.107%	$125K	$2.0M	10x
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	0.09522	−1.229%	$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