XPL

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0290%/8h= −31.8% APRnext payment −$0.36 per $10,000 · paid last 24h −0.007%

Price spread now: Backpack against dYdX−0.032%7-day average — · you buy dearer than you sell

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

Long on dYdX Short on Backpack

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 against this trade now: funding costs −$9 a day on $10k at the current rate, and Backpack is 0.032% cheaper against dYdX than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX XPL-USD	0.09648	0	get 0.0000% / 1h	18m 18s	$8K	—	5x
Short	Backpack XPL_USDC_PERP	0.09645	−0.0290	pay 0.0036% / 1h	18m 18s	$182K	$230K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against dYdX. 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 dYdXbpFee BackpackbpOrdersPrice spread, now −0.032%Rate

Funding earned: −$60.91
Price spread: −0.032% → 0.000%: −$3.18
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$84.09
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: dYdX: no order-book sample; Backpack: live order book, 45 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 dYdX no order-book sample	—	—	—	—	—
Sell Backpack live order book, 45 min ago	1.04 bp	12.0 bp −$12	doesn't fit	doesn't fit	doesn't fit

dYdX: 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
01 Exchange XPLUSD	−0.0376%	1h	0.09641	−0.073%	$561	$708	5x	as long as short
Backpack XPL_USDC_PERPshort	−0.0290%	1h	0.09645	−0.032%	$182K	$230K	10x
GMX XPL/USD [WBTC.b-USDC]	L −0.0263% / S +0.0585%	1h	0.09646	−0.017%	$106K	—	100x	as long as short
Bybit XPLUSDT	−0.0072%	4h	0.09635	−0.135%	$45.6M	$56.7M	75x	as long as short
Deribit XPL_USDC-PERPETUAL	−0.0061%	1h	0.09645	−0.032%	$46K	$18K	25x	as long as short
dYdX XPL-USDlong	0.0000%	1h	0.09648	long leg	$8K	—	5x
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−21.532%	—	—	—	as long as short
Orderly PERP_XPL_USDC	0.0000%	4h	0.09643	−0.053%	$29K	$335K	10x	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09647	−0.007%	$73K	—	150x	as long as short
OKX XPL-USDT-SWAP	+0.0060%	4h	0.09642	−0.063%	$8.3M	$52.8M	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	+0.0064%	8h	0.09643	−0.050%	$13K	$2K	5x	as long as short
Lighter XPL	+0.0096%	1h	0.09637	−0.115%	$4.4M	$4.2M	10x	as long as short
Nado XPL-PERP	+0.0100%	1h	0.09642	−0.058%	$1.2M	$2.8M	10x	as long as short
Hyperliquid XPL	+0.0100%	1h	0.09661	+0.132%	$60.6M	$48.2M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09651	+0.033%	$245K	$497K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09648	+0.003%	$220K	$48K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09643	−0.053%	$43.7M	$108.5M	75x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09610	−0.395%	$140K	$5K	10x	as long as short
Gate XPL_USDT	+0.0100%	4h	0.09646	−0.021%	$3.0M	$3.8M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09645	−0.032%	$12.6M	$7.9M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09639	−0.094%	$2.3M	$1.5M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09647	−0.011%	$8.6M	$11.1M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09638	−0.104%	—	$7.9M	—	as long as short
Variational Omni XPL	+0.0100%	4h	0.09649	+0.007%	$1.7M	$1.8M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09658	+0.106%	$261K	$922K	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09660	+0.124%	$25K	$83K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09657	+0.095%	$128K	$2.6M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09630	−0.187%	$3K	$1.9M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09640	−0.084%	$2K	$11K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09643	−0.053%	$145K	$263K	20x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09640	−0.084%	$636K	$1.1M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09644	−0.046%	$29K	$18K	3x	as long as short
Phoenix XPL	+0.0248%	1h	0.09672	+0.248%	$196K	$629K	10x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09639	−0.094%	$1.7M	$1.0M	75x	as long as short
Coinbase International XPL-PERP-INTX	+0.0672%	1h	0.09670	+0.227%	$75K	$93K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.3549%	1h	0.09687	+0.402%	$549K	$1.0M	10x	as long as short