XPL

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0159%/8h= +17.4% APRnext payment +$0.20 per $10,000 · paid last 24h +0.070%

Price spread now: Extended against Deribit−0.153%7-day average — · you buy dearer than you sell

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

Long on Deribit Short on Extended

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—+ Points / potential airdropExtended: Active · farm boardneeds both histories

Funding pays, the price is against you. Extended is 0.153% cheaper against Deribit than usual: you would sell low and buy high (spread −0.153% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$15 on $10k: about 3.2 days of funding at the current rate (+$5 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit XPL_USDC-PERPETUAL	0.09823	−0.0055	get 0.0007% / 1h	46m 57s	$47K	$18K	25x
Short	Extended XPL-USD	0.09808	0.0104	get 0.0013% / 1h	46m 57s	$660K	$1.1M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.153%Rate

Funding earned: $33.46
Price spread: −0.153% → 0.000%: −$15.33
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $6.12
Costs to cover: 0.120%
Break-even: 5.7 days

Slippage unknown: Deribit: no order-book sample; Extended: live order book, 1 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 Extended live order book, 1 min ago	2.05 bp	9.5 bp −$10	21.5 bp −$215	doesn't fit	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
Lighter XPL	−0.0296%	1h	0.09799	−0.244%	$4.4M	$4.3M	10x	as long as short
Backpack XPL_USDC_PERP	−0.0162%	1h	0.09819	−0.041%	$181K	$281K	10x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0068% / S +0.0478%	1h	0.09824	+0.006%	$113K	—	100x	as long as short
Deribit XPL_USDC-PERPETUALlong	−0.0055%	1h	0.09823	long leg	$47K	$18K	25x
dYdX XPL-USD	0.0000%	1h	0.09786	−0.372%	$8K	—	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−22.927%	—	—	—	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09824	+0.011%	$72K	—	150x	as long as short
Orderly PERP_XPL_USDC	+0.0080%	4h	0.09820	−0.031%	$27K	$333K	10x	as long as short
Paradex XPL-USD-PERP	+0.0096%	8h	0.09797	−0.264%	$13K	$2K	5x	as long as short
Nado XPL-PERP	+0.0100%	1h	0.09802	−0.214%	$1.4M	$2.6M	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid XPL	+0.0100%	1h	0.09821	−0.025%	$63.2M	$47.1M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09817	−0.058%	$254K	$527K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09796	−0.272%	$222K	$19K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09801	−0.224%	$44.4M	$104.1M	75x	as long as short
Bybit XPLUSDT	+0.0100%	4h	0.09798	−0.255%	$47.6M	$52.8M	75x	as long as short
OKX XPL-USDT-SWAP	+0.0100%	4h	0.09806	−0.173%	$9.0M	$53.2M	50x	as long as short
Gate XPL_USDT	+0.0100%	4h	0.09814	−0.092%	$3.0M	$4.0M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09811	−0.122%	$12.8M	$7.6M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09804	−0.193%	$2.4M	$1.4M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09815	−0.081%	$8.6M	$11.0M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09801	−0.224%	—	$7.9M	—	as long as short
Variational Omni XPL	+0.0100%	4h	0.09735	−0.900%	$1.6M	$1.9M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09720	−1.049%	$264K	$769K	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09740	−0.845%	$25K	$86K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09818	−0.050%	$132K	$2.7M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09800	−0.234%	$2K	$2.0M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09810	−0.132%	$204	$10K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09740	−0.845%	$138K	$245K	20x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09730	−0.947%	$140K	$11K	10x	as long as short
Extended XPL-USDshort	+0.0104%	1h	0.09808	−0.153%	$660K	$1.1M	25x
Aevo XPL-PERP	+0.0104%	1h	0.09825	+0.020%	$38K	$5K	3x	as long as short
01 Exchange XPLUSD	+0.0128%	1h	0.09801	−0.224%	$570	$582	5x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09812	−0.112%	$1.8M	$1.2M	75x	as long as short
Phoenix XPL	+0.0485%	1h	0.09731	−0.937%	$199K	$646K	10x	as long as short
Coinbase International XPL-PERP-INTX	+0.0824%	1h	0.09844	+0.214%	$74K	$105K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.3474%	1h	0.09844	+0.218%	$518K	$939K	10x	as long as short