XPL

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0258%/8h= +28.2% APRnext payment +$0.32 per $10,000 · paid last 24h +0.074%

Price spread now: SoDEX against Deribit−0.020%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 SoDEX

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

Funding pays, the price is against you. SoDEX is 0.020% cheaper against Deribit than usual: you would sell low and buy high (spread −0.020% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$2 on $10k: about 6 hours of funding at the current rate (+$8 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit XPL_USDC-PERPETUAL	0.09812	−0.0158	get 0.0020% / 1h	52m 20s	$47K	$18K	25x
Short	SoDEX XPL-USD	0.09810	0.0100	get 0.0013% / 1h	52m 20s	$451	$10K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.020%Rate

Funding earned: $54.08
Price spread: −0.020% → 0.000%: −$2.04
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee SoDEX: 4 bp × 2 orders: −$8
Net: $37.04
Costs to cover: 0.150%
Break-even: 2.2 days

Slippage unknown: Deribit: no order-book sample; SoDEX: no order-book sample. 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 SoDEX no order-book sample	—	—	—	—	—

Deribit and SoDEX: 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	−0.0360%	1h	0.09791	−0.214%	$4.4M	$4.1M	10x	as long as short
01 Exchange XPLUSD	−0.0256%	1h	0.09802	−0.102%	$570	$708	5x	as long as short
Deribit XPL_USDC-PERPETUALlong	−0.0158%	1h	0.09812	long leg	$47K	$18K	25x
GMX XPL/USD [WBTC.b-USDC]	L −0.0124% / S +0.0515%	1h	0.09815	+0.033%	$113K	—	100x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09807	−0.055%	$8K	—	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07570	−22.845%	—	—	—	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09814	+0.016%	$72K	—	150x	as long as short
Orderly PERP_XPL_USDC	+0.0062%	4h	0.09809	−0.031%	$29K	$335K	10x	as long as short
Paradex XPL-USD-PERP	+0.0082%	8h	0.09799	−0.132%	$13K	$2K	5x	as long as short
Nado XPL-PERP	+0.0100%	1h	0.09803	−0.092%	$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	0.09819	+0.075%	$63.6M	$47.8M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09811	−0.012%	$254K	$527K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09808	−0.043%	$223K	$46K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09808	−0.043%	$44.4M	$107.6M	75x	as long as short
Bybit XPLUSDT	+0.0100%	4h	0.09810	−0.020%	$48.2M	$55.0M	75x	as long as short
OKX XPL-USDT-SWAP	+0.0100%	4h	0.09805	−0.071%	$8.9M	$54.6M	50x	as long as short
Gate XPL_USDT	+0.0100%	4h	0.09814	+0.020%	$3.0M	$4.0M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09811	−0.010%	$12.8M	$7.6M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09810	−0.020%	$2.4M	$1.5M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09818	+0.061%	$8.7M	$11.1M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09808	−0.041%	—	$7.9M	—	as long as short
Backpack XPL_USDC_PERP	+0.0100%	1h	0.09821	+0.092%	$179K	$279K	10x	as long as short
Variational Omni XPL	+0.0100%	4h	0.09788	−0.243%	$1.7M	$1.9M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09812	−0.002%	$261K	$787K	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09800	−0.122%	$25K	$88K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09816	+0.040%	$131K	$2.7M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09790	−0.224%	$2K	$2.0M	20x	as long as short
SoDEX XPL-USDshort	+0.0100%	1h	0.09810	−0.020%	$451	$10K	10x
HTX XPL-USDT	+0.0100%	4h	0.09811	−0.010%	$139K	$246K	20x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09790	−0.224%	$143K	$9K	10x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09808	−0.045%	$660K	$1.1M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09810	−0.020%	$38K	$5K	3x	as long as short
Phoenix XPL	+0.0327%	1h	0.09824	+0.122%	$199K	$651K	10x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09816	+0.041%	$1.8M	$1.2M	75x	as long as short
Coinbase International XPL-PERP-INTX	+0.0568%	1h	0.09825	+0.132%	$72K	$97K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.5065%	1h	0.09857	+0.458%	$567K	$1.0M	10x	as long as short