XPL

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0100%/8h= +10.9% APRnext payment +$0.13 per $10,000 · paid last 24h +0.073%

Price spread now: Hyperliquid against dYdX−0.052%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 Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 6 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

Funding pays, the price is against you. Hyperliquid is 0.052% cheaper against dYdX than usual: you would sell low and buy high (spread −0.052% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 41 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX XPL-USD	0.09586	0	get 0.0000% / 1h	43m 24s	$9K	$600	5x
Short	Hyperliquid XPL	0.09581	0.0100	get 0.0013% / 1h	43m 24s	$60.5M	$46.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid 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 HyperliquidbpOrdersPrice spread, now −0.052%Rate

Funding earned: $21
Price spread: −0.052% → 0.000%: −$5.18
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$3.18
Costs to cover: 0.190%
Break-even: 8.1 days

Slippage unknown: dYdX: no order-book sample; Hyperliquid: live order book, 10 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 Hyperliquid live order book, 10 min ago	1.30 bp	11.2 bp −$11	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
GMX XPL/USD [WBTC.b-USDC]	L −0.0234% / S +0.0570%	1h	0.09568	−0.196%	$106K	—	100x	as long as short
01 Exchange XPLUSD	−0.0208%	1h	0.09571	−0.160%	$556	$708	5x	as long as short
Deribit XPL_USDC-PERPETUAL	−0.0063%	1h	0.09592	+0.059%	$46K	$18K	25x	as long as short
dYdX XPL-USDlong	0.0000%	1h	0.09586	long leg	$9K	$600	5x
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−21.026%	—	—	—	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09570	−0.176%	$72K	—	150x	as long as short
Orderly PERP_XPL_USDC	+0.0015%	4h	0.09587	+0.007%	$29K	$320K	10x	as long as short
Lighter XPL	+0.0024%	1h	0.09569	−0.181%	$4.3M	$3.0M	10x	as long as short
Paradex XPL-USD-PERP	+0.0064%	8h	0.09575	−0.119%	$12K	$696	5x	as long as short
Backpack XPL_USDC_PERP	+0.0096%	1h	0.09590	+0.038%	$174K	$190K	10x	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	0.09567	−0.197%	$1.2M	$2.4M	10x	as long as short
Hyperliquid XPLshort	+0.0100%	1h	0.09581	−0.052%	$60.5M	$46.8M	10x
Aster XPLUSDT	+0.0100%	4h	0.09575	−0.119%	$248K	$430K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09583	−0.039%	$219K	$47K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09564	−0.233%	$43.4M	$100.5M	75x	as long as short
Bybit XPLUSDT	+0.0100%	4h	0.09562	−0.254%	$45.3M	$54.3M	75x	as long as short
OKX XPL-USDT-SWAP	+0.0100%	4h	0.09566	−0.212%	$8.1M	$48.3M	50x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09592	+0.054%	$140K	$0	10x	as long as short
Gate XPL_USDT	+0.0100%	4h	0.09583	−0.035%	$3.1M	$3.4M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09569	−0.181%	$12.5M	$6.9M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09578	−0.087%	$2.3M	$1.4M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09574	−0.129%	$9.1M	$9.7M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09564	−0.233%	—	$7.8M	—	as long as short
Variational Omni XPL	+0.0100%	4h	0.09566	−0.214%	$1.7M	$1.9M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09588	+0.022%	$258K	$1.1M	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09600	+0.142%	$25K	$77K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09578	−0.091%	$125K	$2.0M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09580	−0.066%	$2K	$1.7M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09590	+0.038%	$199	$12K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09592	+0.059%	$140K	$184K	20x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09573	−0.139%	$637K	$1.2M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09588	+0.019%	$28K	$18K	3x	as long as short
Phoenix XPL	+0.0251%	1h	0.09600	+0.142%	$194K	$536K	10x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09578	−0.087%	$1.7M	$946K	75x	as long as short
Coinbase International XPL-PERP-INTX	+0.0592%	1h	0.09640	+0.559%	$67K	$91K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.2891%	1h	0.09615	+0.301%	$546K	$988K	10x	as long as short