XPL

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0257%/8h= +28.1% APRnext payment +$0.32 per $10,000 · paid last 24h +0.077%

Price spread now: Bulk against Deribit+0.733%7-day average — · you sell dearer than you buy

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

Long on Deribit Short on Bulk

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—needs both histories

Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Bulk is 0.733% dearer against Deribit than usual: you sell high and buy low: +$73 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit XPL_USDC-PERPETUAL	0.09829	−0.0157	get 0.0020% / 1h	55m 55s	$49K	$17K	25x
Short	Bulk XPL-USD	0.09901	0.0100	get 0.0013% / 1h	55m 55s	$143K	$11K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bulk against Deribit. 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 DeribitbpFee BulkbpOrdersPrice spread, now +0.733%Rate

Funding earned: $53.93
Price spread: +0.733% → 0.000%: $73.25
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Bulk: 3.5 bp × 2 orders: −$7
Net: $113.18
Costs to cover: 0.140%
Break-even: from the start

Slippage unknown: Deribit: no order-book sample; Bulk: live order book, 33 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 Deribit no order-book sample	—	—	—	—	—
Sell Bulk live order book, 33 min ago	5.04 bp	8.5 bp −$9	18.2 bp −$182	55.9 bp −$5,591	doesn't fit

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
Deribit XPL_USDC-PERPETUALlong	−0.0157%	1h	0.09829	long leg	$49K	$17K	25x
Backpack XPL_USDC_PERP	−0.0136%	1h	0.09808	−0.214%	$183K	$282K	10x	as long as short
Lighter XPL	−0.0128%	1h	0.09825	−0.041%	$4.4M	$4.2M	10x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0065% / S +0.0475%	1h	0.09828	−0.006%	$113K	—	100x	as long as short
01 Exchange XPLUSD	−0.0056%	1h	0.09825	−0.041%	$571	$582	5x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09836	+0.071%	$8K	—	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−22.973%	—	—	—	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09829	−0.001%	$72K	—	150x	as long as short
Orderly PERP_XPL_USDC	+0.0080%	4h	0.09829	0.000%	$27K	$333K	10x	as long as short
Paradex XPL-USD-PERP	+0.0099%	8h	0.09835	+0.061%	$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	0.09829	0.000%	$1.4M	$2.6M	10x	as long as short
Hyperliquid XPL	+0.0100%	1h	0.09809	−0.199%	$64.5M	$45.3M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09800	−0.295%	$254K	$514K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09846	+0.171%	$223K	$19K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09789	−0.407%	$44.6M	$102.9M	75x	as long as short
Bybit XPLUSDT	+0.0100%	4h	0.09785	−0.448%	$47.3M	$51.9M	75x	as long as short
OKX XPL-USDT-SWAP	+0.0100%	4h	0.09791	−0.387%	$9.1M	$52.8M	50x	as long as short
Bulk XPL-USDshort	+0.0100%	1h	0.09901	+0.733%	$143K	$11K	10x
Gate XPL_USDT	+0.0100%	4h	0.09784	−0.458%	$3.0M	$4.0M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09797	−0.326%	$13.1M	$7.5M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09789	−0.407%	$2.4M	$1.4M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09788	−0.417%	$8.6M	$11.0M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09787	−0.427%	—	$7.9M	—	as long as short
Variational Omni XPL	+0.0100%	4h	0.09899	+0.709%	$1.7M	$1.9M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09866	+0.378%	$268K	$782K	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09890	+0.621%	$26K	$82K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09837	+0.083%	$133K	$2.7M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09810	−0.193%	$3K	$2.0M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09830	+0.010%	$209	$10K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09833	+0.041%	$139K	$245K	20x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09784	−0.454%	$697K	$1.0M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09837	+0.081%	$38K	$5K	3x	as long as short
Phoenix XPL	+0.0318%	1h	0.09887	+0.590%	$202K	$646K	10x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09826	−0.031%	$1.8M	$1.2M	75x	as long as short
Coinbase International XPL-PERP-INTX	+0.0824%	1h	0.09965	+1.384%	$75K	$106K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.3459%	1h	0.09887	+0.585%	$296K	$673K	10x	as long as short