XPL

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.3468%/8h= +379.7% APRnext payment +$4.33 per $10,000 · paid last 24h +0.315%

Price spread now: Kraken Futures against Deribit+0.454%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 Kraken Futures

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—needs both histories

Both sides work for this trade now. Funding pays +$104 a day on $10k at the current rate, and Kraken Futures is 0.454% dearer against Deribit than usual: you sell high and buy low: +$45 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	0.09816	0	get 0.0000% / 1h	25m 34s	$47K	$18K	25x
Short	Kraken Futures PF_XPLUSD	0.09861	0.3468	get 0.0433% / 1h	25m 34s	$519K	$940K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.454%Rate

Funding earned: $728.25
Price spread: +0.454% → 0.000%: $45.42
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $756.68
Costs to cover: 0.170%
Break-even: from the start

Slippage unknown: Deribit: no order-book sample; Kraken Futures: live order book, 62 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 Kraken Futures live order book, 62 min ago	28.11 bp	40.1 bp −$40	95.8 bp −$958	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
GMX XPL/USD [WBTC.b-USDC]	L −0.0078% / S +0.0485%	1h	0.09814	−0.025%	$113K	—	100x	as long as short
Lighter XPL	−0.0064%	1h	0.09801	−0.153%	$4.4M	$4.3M	10x	as long as short
01 Exchange XPLUSD	−0.0016%	1h	0.09816	0.000%	$571	$582	5x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09812	−0.039%	$8K	—	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−22.875%	—	—	—	as long as short
Deribit XPL_USDC-PERPETUALlong	0.0000%	1h	0.09816	long leg	$47K	$18K	25x
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09814	−0.021%	$72K	—	150x	as long as short
Backpack XPL_USDC_PERP	+0.0019%	1h	0.09818	+0.020%	$179K	$283K	10x	as long as short
Orderly PERP_XPL_USDC	+0.0083%	4h	0.09811	−0.051%	$27K	$333K	10x	as long as short
Paradex XPL-USD-PERP	+0.0095%	8h	0.09813	−0.026%	$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	0.09806	−0.097%	$1.4M	$2.6M	10x	as long as short
Hyperliquid XPL	+0.0100%	1h	0.09828	+0.117%	$63.2M	$47.1M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09815	−0.006%	$254K	$527K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09817	+0.005%	$222K	$45K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09814	−0.020%	$44.3M	$104.7M	75x	as long as short
Bybit XPLUSDT	+0.0100%	4h	0.09811	−0.051%	$47.9M	$53.4M	75x	as long as short
OKX XPL-USDT-SWAP	+0.0100%	4h	0.09813	−0.031%	$9.1M	$53.4M	50x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09740	−0.774%	$140K	$11K	10x	as long as short
Gate XPL_USDT	+0.0100%	4h	0.09808	−0.081%	$3.0M	$4.0M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09815	−0.010%	$12.8M	$7.7M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09808	−0.081%	$2.4M	$1.4M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09816	0.000%	$8.6M	$11.1M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09809	−0.071%	—	$7.9M	—	as long as short
Variational Omni XPL	+0.0100%	4h	0.09744	−0.733%	$1.7M	$1.9M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09807	−0.092%	$265K	$786K	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09810	−0.061%	$25K	$87K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09818	+0.020%	$130K	$2.7M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09790	−0.265%	$2K	$2.0M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09820	+0.041%	$204	$10K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09798	−0.183%	$139K	$245K	20x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09811	−0.053%	$664K	$1.1M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09814	−0.017%	$38K	$5K	3x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09791	−0.255%	$1.8M	$1.2M	75x	as long as short
Phoenix XPL	+0.0485%	1h	0.09791	−0.255%	$198K	$646K	10x	as long as short
Coinbase International XPL-PERP-INTX	+0.0824%	1h	0.09832	+0.163%	$74K	$103K	50x	as long as short
Kraken Futures PF_XPLUSDshort	+0.3468%	1h	0.09861	+0.454%	$519K	$940K	10x