XPL

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.00 per $10,000 · paid last 24h +0.050%

Price spread now: Hyperliquid against Extended+0.495%7-day average +0.180% · you sell dearer than you buy

Net, funding: paid 7d − costs−$24as in the Funding arb table

Net, price: spread back to 7d avg − costs−$5as in the Price arb table

costs, in and out, $10k−$360.363% of the position

Long on Extended Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.126%+$13 on $10k

Price spread, last 4 days (all we have)−0.253%−$25 · spread now +0.495%, 7d avg +0.180%

Together, before fees−0.127%+ Points / potential airdropExtended: Active · Hyperliquid: Season 2 · farm board−$13 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: Hyperliquid is 0.316% dearer against Extended than usual: you sell high and buy low, +$32 on $10k if it goes back to its 7-day average of +0.180%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended XPL-USD	0.09707	0.0104	pay 0.0013% / 1h	56m 42s	$656K	$1.1M	25x
Short	Hyperliquid XPL	0.09755	0.0100	get 0.0013% / 1h	56m 42s	$63.2M	$47.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid 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 HyperliquidbpOrdersPrice spread, now +0.495%Rate

Funding earned: −$0.84
Price spread: +0.495% → +0.180%: $31.58
Slippage, 4 orders: −$22.32
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$5.58
Costs to cover: 0.363%
Break-even: never at this rate

Slippage from Extended: live order book, 2 min ago; Hyperliquid: live order book, 7 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, 2 min ago	4.11 bp	7.8 bp −$8	21.9 bp −$219	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 7 min ago	1.12 bp	14.0 bp −$14	doesn't fit	doesn't fit	doesn't fit

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	−0.0264%	1h	0.09718	+0.111%	$565	$708	5x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0181% / S +0.0551%	1h	0.09769	+0.633%	$112K	—	100x	as long as short
Lighter XPL	−0.0104%	1h	0.09735	+0.286%	$4.4M	$4.1M	10x	as long as short
Deribit XPL_USDC-PERPETUAL	−0.0057%	1h	0.09772	+0.667%	$47K	$18K	25x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09733	+0.264%	$8K	—	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−22.010%	—	—	—	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0003%	1h	0.09770	+0.650%	$59K	—	150x	as long as short
Orderly PERP_XPL_USDC	+0.0012%	4h	0.09768	+0.626%	$29K	$335K	10x	as long as short
Nado XPL-PERP	+0.0049%	1h	0.09784	+0.796%	$1.2M	$2.8M	10x	as long as short
Paradex XPL-USD-PERP	+0.0051%	8h	0.09741	+0.346%	$13K	$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	+0.0051%	4h	0.09707	−0.002%	$8.6M	$55.2M	50x	as long as short
Hyperliquid XPLshort	+0.0100%	1h	0.09755	+0.495%	$63.2M	$47.1M	10x
Aster XPLUSDT	+0.0100%	4h	0.09759	+0.536%	$257K	$551K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09741	+0.352%	$222K	$46K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09732	+0.250%	$44.5M	$109.2M	75x	as long as short
Bybit XPLUSDT	+0.0100%	4h	0.09722	+0.152%	$47.2M	$56.6M	75x	as long as short
Gate XPL_USDT	+0.0100%	4h	0.09712	+0.049%	$3.0M	$3.7M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09730	+0.235%	$12.9M	$7.7M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09749	+0.430%	$2.4M	$1.5M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09715	+0.080%	$8.7M	$11.2M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09708	+0.008%	—	$8.0M	—	as long as short
Backpack XPL_USDC_PERP	+0.0100%	1h	0.09763	+0.575%	$184K	$237K	10x	as long as short
Variational Omni XPL	+0.0100%	4h	0.09762	+0.562%	$1.7M	$1.9M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09746	+0.397%	$259K	$844K	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09780	+0.750%	$25K	$89K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09798	+0.937%	$131K	$2.7M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09760	+0.544%	$3K	$2.0M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09770	+0.647%	$491	$11K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09761	+0.554%	$142K	$244K	20x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09755	+0.492%	$142K	$2K	10x	as long as short
Extended XPL-USDlong	+0.0104%	1h	0.09707	long leg	$656K	$1.1M	25x
Aevo XPL-PERP	+0.0104%	1h	0.09761	+0.558%	$29K	$18K	3x	as long as short
Phoenix XPL	+0.0163%	1h	0.09794	+0.894%	$198K	$657K	10x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09751	+0.451%	$1.8M	$1.1M	75x	as long as short
Coinbase International XPL-PERP-INTX	+0.0496%	1h	0.09776	+0.709%	$77K	$100K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.4358%	1h	0.09815	+1.112%	$568K	$1.0M	10x	as long as short