XPL

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.00 per $10,000 · paid last 24h −0.001%

Price spread now: Bulk against Extended+0.319%7-day average +0.084% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$15as in the Price arb table

costs, in and out, $10k−$390.387% of the position

Long on Extended Short on Bulk

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.010%+$1 on $10k

Price spread, last 4 days (all we have)−0.291%−$29 · spread now +0.319%, 7d avg +0.084%

Together, before fees−0.281%+ Points / potential airdropExtended: Active · farm board−$28 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bulk is 0.234% dearer against Extended than usual: you sell high and buy low, +$23 on $10k if it goes back to its 7-day average of +0.084%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended XPL-USD	0.09561	0.0104	pay 0.0013% / 1h	43m 04s	$636K	$1.2M	25x
Short	Bulk XPL-USD	0.09592	0.0100	get 0.0013% / 1h	43m 04s	$140K	$0	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bulk against Extended. 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 ExtendedbpFee BulkbpOrdersPrice spread, now +0.319%Rate

Funding earned: −$0.84
Price spread: +0.319% → +0.084%: $23.42
Slippage, 4 orders: −$26.69
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Bulk: 3.5 bp × 2 orders: −$7
Net: −$16.11
Costs to cover: 0.387%
Break-even: never at this rate

Slippage from Extended: live order book, 5 min ago; Bulk: live order book, 6 min ago.

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 Extended live order book, 5 min ago	0.52 bp	11.1 bp −$11	29.5 bp −$295	doesn't fit	doesn't fit
Sell Bulk live order book, 6 min ago	5.23 bp	8.7 bp −$9	8.7 bp −$87	25.4 bp −$2,542	104.5 bp −$52.3K

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	+0.068%	$106K	—	100x	as long as short
01 Exchange XPLUSD	−0.0208%	1h	0.09571	+0.104%	$556	$708	5x	as long as short
Deribit XPL_USDC-PERPETUAL	−0.0168%	1h	0.09565	+0.041%	$46K	$18K	25x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09586	+0.264%	$9K	$600	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−20.817%	—	—	—	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09570	+0.088%	$72K	—	150x	as long as short
Orderly PERP_XPL_USDC	+0.0015%	4h	0.09565	+0.041%	$29K	$320K	10x	as long as short
Lighter XPL	+0.0024%	1h	0.09556	−0.053%	$4.3M	$3.0M	10x	as long as short
Paradex XPL-USD-PERP	+0.0064%	8h	0.09575	+0.145%	$12K	$696	5x	as long as short
Backpack XPL_USDC_PERP	+0.0079%	1h	0.09568	+0.072%	$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	+0.067%	$1.2M	$2.4M	10x	as long as short
Hyperliquid XPL	+0.0100%	1h	0.09580	+0.200%	$60.5M	$46.8M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09573	+0.130%	$248K	$430K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09583	+0.225%	$219K	$47K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09565	+0.041%	$43.4M	$100.5M	75x	as long as short
Bybit XPLUSDT	+0.0100%	4h	0.09564	+0.030%	$45.3M	$54.3M	75x	as long as short
OKX XPL-USDT-SWAP	+0.0100%	4h	0.09566	+0.051%	$8.1M	$48.3M	50x	as long as short
Bulk XPL-USDshort	+0.0100%	1h	0.09592	+0.319%	$140K	$0	10x
Gate XPL_USDT	+0.0100%	4h	0.09572	+0.114%	$3.0M	$3.4M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09562	+0.010%	$12.5M	$6.9M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09572	+0.114%	$2.3M	$1.4M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09572	+0.114%	$9.1M	$9.7M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09565	+0.041%	—	$7.8M	—	as long as short
Variational Omni XPL	+0.0100%	4h	0.09566	+0.050%	$1.7M	$1.9M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09588	+0.287%	$258K	$1.1M	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09600	+0.407%	$25K	$77K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09578	+0.173%	$125K	$2.0M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09550	−0.116%	$3K	$1.7M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09560	−0.011%	$203	$12K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09592	+0.323%	$140K	$184K	20x	as long as short
Extended XPL-USDlong	+0.0104%	1h	0.09561	long leg	$636K	$1.2M	25x
Aevo XPL-PERP	+0.0104%	1h	0.09565	+0.041%	$28K	$18K	3x	as long as short
Phoenix XPL	+0.0251%	1h	0.09600	+0.407%	$194K	$536K	10x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09567	+0.062%	$1.7M	$945K	75x	as long as short
Coinbase International XPL-PERP-INTX	+0.0592%	1h	0.09640	+0.825%	$67K	$91K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.2895%	1h	0.09603	+0.440%	$546K	$988K	10x	as long as short