XPL

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0334%/8h= +36.6% APRnext payment +$0.42 per $10,000 · paid last 24h +0.097%

Price spread now: Phoenix against dYdX+0.358%46s7-day average — · you sell dearer than you buy

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

Long on dYdX Short on Phoenix

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 +$10 a day on $10k at the current rate, and Phoenix is 0.358% dearer against dYdX than usual: you sell high and buy low: +$36 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 46 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	dYdX XPL-USD	0.09534	0	get 0.0000% / 1h	52m 11s	$8K	—	5x
Short	Phoenix XPL	0.09568	0.0334	get 0.0042% / 1h	52m 11s	$194K	$617K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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 PhoenixbpOrdersPrice spread, now +0.358%Rate

Funding earned: $70.12
Price spread: +0.358% → 0.000%: $35.79
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $88.91
Costs to cover: 0.170%
Break-even: from the start

Slippage unknown: dYdX: no order-book sample; Phoenix: live order book, 6 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 Phoenix live order book, 6 min ago	1.05 bp	15.0 bp −$15	48.1 bp −$481	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	−0.0344%	1h	0.09517	−0.177%	$553	$708	5x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0287% / S +0.0600%	1h	0.09528	−0.057%	$105K	—	100x	as long as short
Backpack XPL_USDC_PERP	−0.0180%	1h	0.09528	−0.062%	$176K	$227K	10x	as long as short
Bybit XPLUSDT	−0.0119%	4h	0.09524	−0.104%	$45.1M	$56.0M	75x	as long as short
Deribit XPL_USDC-PERPETUAL	−0.0065%	1h	0.09525	−0.093%	$46K	$18K	25x	as long as short
dYdX XPL-USDlong	0.0000%	1h	0.09534	long leg	$8K	—	5x
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−20.590%	—	—	—	as long as short
Orderly PERP_XPL_USDC	+0.0004%	4h	0.09524	−0.104%	$29K	$335K	10x	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09529	−0.056%	$72K	—	150x	as long as short
Paradex XPL-USD-PERP	+0.0069%	8h	0.09522	−0.126%	$12K	$2K	5x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX XPL-USDT-SWAP	+0.0092%	4h	0.09531	−0.030%	$8.2M	$50.0M	50x	as long as short
Lighter XPL	+0.0096%	1h	0.09521	−0.135%	$4.3M	$3.3M	10x	as long as short
Nado XPL-PERP	+0.0100%	1h	0.09528	−0.062%	$1.2M	$2.7M	10x	as long as short
Hyperliquid XPL	+0.0100%	1h	0.09542	+0.085%	$59.8M	$47.1M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09531	−0.026%	$242K	$478K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09534	+0.002%	$218K	$48K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09528	−0.062%	$43.1M	$105.7M	75x	as long as short
Gate XPL_USDT	+0.0100%	4h	0.09533	−0.009%	$3.0M	$3.5M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09528	−0.062%	$12.3M	$7.7M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09521	−0.135%	$2.3M	$1.4M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09532	−0.020%	$8.5M	$10.5M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09528	−0.062%	—	$7.9M	—	as long as short
Variational Omni XPL	+0.0100%	4h	0.09536	+0.021%	$1.7M	$1.8M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09565	+0.328%	$262K	$941K	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09570	+0.379%	$25K	$83K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09534	+0.007%	$127K	$2.1M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09510	−0.250%	$3K	$1.8M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09530	−0.041%	$2K	$11K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09565	+0.326%	$143K	$238K	20x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09565	+0.326%	$139K	$5K	10x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09523	−0.115%	$647K	$1.1M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09525	−0.093%	$28K	$18K	3x	as long as short
Phoenix XPLshort	+0.0334%	1h	0.09568	+0.358%	$194K	$617K	10x
BloFin XPL-USDT	+0.0340%	4h	0.09562	+0.295%	$1.7M	$993K	75x	as long as short
Coinbase International XPL-PERP-INTX	+0.0616%	1h	0.09606	+0.756%	$74K	$86K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.3334%	1h	0.09569	+0.368%	$542K	$978K	10x	as long as short