XPL

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0156%/8h= +17.1% APRnext payment +$0.20 per $10,000 · paid last 24h +0.075%

Price spread now: Polymarket Perps against Deribit−0.081%48s7-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 Polymarket Perps

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

Funding pays, the price is against you. Polymarket Perps is 0.081% cheaper against Deribit than usual: you would sell low and buy high (spread −0.081% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$8 on $10k: about 41 hours of funding at the current rate (+$5 a day). The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit XPL_USDC-PERPETUAL	0.09796	−0.0056	get 0.0007% / 1h	44m 32s	$47K	$18K	25x
Short	Polymarket Perps XPL-USD	0.09788	0.0100	get 0.0013% / 1h	44m 32s	$131K	$2.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now −0.081%Rate

Funding earned: $32.79
Price spread: −0.081% → 0.000%: −$8.06
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: $9.73
Costs to cover: 0.150%
Break-even: 4.9 days

Slippage unknown: Deribit: no order-book sample; Polymarket Perps: live order book, 4 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 Polymarket Perps live order book, 4 min ago	2.10 bp	7.6 bp −$8	9.5 bp −$95	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	−0.0272%	1h	0.09759	−0.378%	$4.4M	$4.3M	10x	as long as short
Backpack XPL_USDC_PERP	−0.0072%	1h	0.09789	−0.071%	$181K	$281K	10x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0070% / S +0.0479%	1h	0.09781	−0.158%	$113K	—	100x	as long as short
Deribit XPL_USDC-PERPETUALlong	−0.0056%	1h	0.09796	long leg	$47K	$18K	25x
dYdX XPL-USD	0.0000%	1h	0.09772	−0.248%	$8K	—	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−22.718%	—	—	—	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09782	−0.144%	$72K	—	150x	as long as short
01 Exchange XPLUSD	+0.0064%	1h	0.09775	−0.214%	$568	$582	5x	as long as short
Orderly PERP_XPL_USDC	+0.0080%	4h	0.09794	−0.020%	$27K	$333K	10x	as long as short
Paradex XPL-USD-PERP	+0.0095%	8h	0.09769	−0.273%	$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	0.09780	−0.158%	$1.4M	$2.6M	10x	as long as short
Hyperliquid XPL	+0.0100%	1h	0.09790	−0.061%	$62.9M	$47.1M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09778	−0.183%	$253K	$527K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09774	−0.222%	$221K	$19K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09781	−0.153%	$44.3M	$104.1M	75x	as long as short
Bybit XPLUSDT	+0.0100%	4h	0.09778	−0.184%	$47.5M	$52.8M	75x	as long as short
OKX XPL-USDT-SWAP	+0.0100%	4h	0.09779	−0.174%	$9.0M	$53.1M	50x	as long as short
Gate XPL_USDT	+0.0100%	4h	0.09768	−0.286%	$3.0M	$4.0M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09782	−0.143%	$12.8M	$7.6M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09780	−0.163%	$2.4M	$1.4M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09785	−0.112%	$8.6M	$11.0M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09779	−0.174%	—	$7.9M	—	as long as short
Variational Omni XPL	+0.0100%	4h	0.09793	−0.030%	$1.7M	$1.9M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09807	+0.112%	$266K	$769K	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09820	+0.245%	$25K	$86K	50x	as long as short
Polymarket Perps XPL-USDshort	+0.0100%	1h	0.09788	−0.081%	$131K	$2.7M	10x
SunX XPL-USDT	+0.0100%	4h	0.09780	−0.163%	$2K	$2.0M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09790	−0.061%	$200	$10K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09790	−0.061%	$139K	$245K	20x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09730	−0.674%	$140K	$11K	10x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09770	−0.266%	$660K	$1.1M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09798	+0.015%	$38K	$5K	3x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09788	−0.082%	$1.8M	$1.2M	75x	as long as short
Phoenix XPL	+0.0485%	1h	0.09731	−0.664%	$199K	$646K	10x	as long as short
Coinbase International XPL-PERP-INTX	+0.0824%	1h	0.09844	+0.490%	$74K	$105K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.3477%	1h	0.09835	+0.403%	$517K	$939K	10x	as long as short