XPL

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0396%/8h= −43.4% APRpaid last 24h −0.201%

Price spread now: Variational Omni against Coinbase International−0.829%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 Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and Variational Omni is 0.829% cheaper against Coinbase International than usual: you would sell low and buy high (−$83 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	0.09776	0.0496	pay 0.0062% / 1h	54m 28s	$77K	$100K	50x
Short	Variational Omni XPL	0.09695	0.0100	get 0.0050% / 4h	2h 54m	$1.7M	$1.9M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.829%Rate

Funding earned: −$83.16
Price spread: −0.829% → 0.000%: −$82.86
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$176.02
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Coinbase International: no order-book sample; Variational Omni: RFQ quote, 5 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 Variational Omni RFQ quote, 5 min ago	4.10 bp	doesn't fit	68.7 bp −$687	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	−0.0686%	1h	0.09607	−1.729%	$46K	$18K	25x	as long as short
01 Exchange XPLUSD	−0.0304%	1h	0.09595	−1.851%	$558	$708	5x	as long as short
Lighter XPL	−0.0248%	1h	0.09613	−1.667%	$4.4M	$4.1M	10x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0182% / S +0.0552%	1h	0.09618	−1.614%	$111K	—	100x	as long as short
Backpack XPL_USDC_PERP	−0.0033%	1h	0.09630	−1.493%	$181K	$237K	10x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09624	−1.555%	$8K	—	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−22.559%	—	—	—	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0002%	1h	0.09616	−1.634%	$70K	—	150x	as long as short
Orderly PERP_XPL_USDC	+0.0011%	4h	0.09611	−1.688%	$29K	$335K	10x	as long as short
OKX XPL-USDT-SWAP	+0.0049%	4h	0.09618	−1.616%	$8.4M	$55.2M	50x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex XPL-USD-PERP	+0.0049%	8h	0.09605	−1.746%	$12K	$2K	5x	as long as short
Nado XPL-PERP	+0.0100%	1h	0.09618	−1.614%	$1.2M	$2.8M	10x	as long as short
Hyperliquid XPL	+0.0100%	1h	0.09624	−1.556%	$62.1M	$47.4M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09616	−1.633%	$253K	$554K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09623	−1.561%	$219K	$46K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09604	−1.759%	$43.9M	$110.0M	75x	as long as short
Bybit XPLUSDT	+0.0100%	4h	0.09606	−1.739%	$46.1M	$57.5M	75x	as long as short
Gate XPL_USDT	+0.0100%	4h	0.09610	−1.698%	$3.0M	$3.8M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09617	−1.626%	$12.8M	$7.8M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09613	−1.667%	$2.4M	$1.5M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09621	−1.586%	$8.5M	$11.4M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09607	−1.729%	—	$8.0M	—	as long as short
Variational Omni XPLshort	+0.0100%	4h	0.09695	−0.829%	$1.7M	$1.9M	—
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09750	−0.266%	$266K	$857K	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09780	+0.041%	$25K	$89K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09626	−1.536%	$129K	$2.7M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09600	−1.800%	$3K	$2.0M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09610	−1.698%	$483	$11K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09646	−1.330%	$140K	$254K	20x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09755	−0.215%	$142K	$2K	10x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09606	−1.739%	$647K	$1.1M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09597	−1.833%	$28K	$18K	3x	as long as short
Phoenix XPL	+0.0163%	1h	0.09794	+0.184%	$198K	$657K	10x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09592	−1.882%	$1.7M	$1.1M	75x	as long as short
Coinbase International XPL-PERP-INTXlong	+0.0496%	1h	0.09776	long leg	$77K	$100K	50x
Kraken Futures PF_XPLUSD	+0.4427%	1h	0.09662	−1.170%	$547K	$1.0M	10x	as long as short