XPL

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0268%/8h= +29.3% APRnext payment +$0.33 per $10,000 · paid last 24h +0.113%

Price spread now: Hyperliquid against Deribit+0.067%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 Hyperliquid

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 airdropHyperliquid: Season 2 · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Hyperliquid is 0.067% dearer against Deribit than usual: you sell high and buy low: +$7 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	0.09567	−0.0168	get 0.0021% / 1h	45m 13s	$46K	$18K	25x
Short	Hyperliquid XPL	0.09573	0.0100	get 0.0013% / 1h	45m 13s	$60.2M	$48.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid 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 HyperliquidbpOrdersPrice spread, now +0.067%Rate

Funding earned: $56.27
Price spread: +0.067% → 0.000%: $6.69
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $46.95
Costs to cover: 0.160%
Break-even: 1.2 days

Slippage unknown: Deribit: no order-book sample; Hyperliquid: live order book, 8 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 Hyperliquid live order book, 8 min ago	0.05 bp	6.3 bp −$6	doesn't fit	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
Backpack XPL_USDC_PERP	−0.0710%	1h	0.09571	+0.042%	$179K	$242K	10x	as long as short
01 Exchange XPLUSD	−0.0432%	1h	0.09552	−0.157%	$555	$708	5x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0244% / S +0.0574%	1h	0.09563	−0.047%	$105K	—	100x	as long as short
Deribit XPL_USDC-PERPETUALlong	−0.0168%	1h	0.09567	long leg	$46K	$18K	25x
Orderly PERP_XPL_USDC	−0.0003%	4h	0.09562	−0.052%	$29K	$335K	10x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09548	−0.201%	$8K	—	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−20.867%	—	—	—	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09561	−0.058%	$72K	—	150x	as long as short
Lighter XPL	+0.0008%	1h	0.09558	−0.094%	$4.3M	$4.2M	10x	as long as short
OKX XPL-USDT-SWAP	+0.0035%	4h	0.09570	+0.031%	$8.2M	$53.0M	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	+0.0048%	8h	0.09552	−0.162%	$12K	$2K	5x	as long as short
Nado XPL-PERP	+0.0100%	1h	0.09560	−0.073%	$1.2M	$2.8M	10x	as long as short
Hyperliquid XPLshort	+0.0100%	1h	0.09573	+0.067%	$60.2M	$48.1M	10x
Aster XPLUSDT	+0.0100%	4h	0.09562	−0.056%	$243K	$500K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09552	−0.160%	$218K	$47K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09565	−0.018%	$43.4M	$108.6M	75x	as long as short
Bybit XPLUSDT	+0.0100%	4h	0.09560	−0.073%	$45.4M	$56.8M	75x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09540	−0.282%	$139K	$7K	10x	as long as short
Gate XPL_USDT	+0.0100%	4h	0.09563	−0.042%	$2.9M	$3.7M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09564	−0.031%	$12.3M	$7.9M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09556	−0.115%	$2.3M	$1.5M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09570	+0.031%	$8.5M	$11.1M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09564	−0.031%	—	$8.0M	—	as long as short
Variational Omni XPL	+0.0100%	4h	0.09526	−0.430%	$1.7M	$1.8M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09550	−0.178%	$258K	$901K	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09550	−0.178%	$25K	$83K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09568	+0.009%	$127K	$2.6M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09550	−0.178%	$3K	$1.9M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09560	−0.073%	$2K	$11K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09558	−0.094%	$144K	$264K	20x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09563	−0.044%	$629K	$1.1M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09559	−0.084%	$28K	$18K	3x	as long as short
Phoenix XPL	+0.0248%	1h	0.09573	+0.063%	$194K	$629K	10x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09561	−0.063%	$1.7M	$1.0M	75x	as long as short
Coinbase International XPL-PERP-INTX	+0.0672%	1h	0.09574	+0.073%	$74K	$92K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.3584%	1h	0.09592	+0.262%	$544K	$1.0M	10x	as long as short