XPL

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.3448%/8h= +377.5% APRnext payment +$4.31 per $10,000 · paid last 24h +0.488%

Price spread now: Kraken Futures against Extended+0.513%7-day average +0.134% · you sell dearer than you buy

Net, funding: paid 7d − costs−$48as in the Funding arb table

Net, price: spread back to 7d avg − costs−$37as in the Price arb table

costs, in and out, $10k−$750.752% of the position

Long on Extended Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.269%+$27 on $10k

Price spread, last 4 days (all we have)−0.994%−$99 · spread now +0.513%, 7d avg +0.134%

Together, before fees−0.724%+ Points / potential airdropExtended: Active · farm board−$72 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$103 a day on $10k at the current rate, and Kraken Futures is 0.380% dearer against Extended than usual: you sell high and buy low: +$38 more if the spread goes back to its 7-day average of +0.134%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.269% in total (about 14.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$4.31 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended XPL-USD	0.09630	0.0104	pay 0.0013% / 1h	13m 29s	$636K	$1.1M	25x
Short	Kraken Futures PF_XPLUSD	0.09679	0.3552	get 0.0444% / 1h	13m 29s	$549K	$1.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.513%Rate

Funding earned: $723.98
Price spread: +0.513% → +0.134%: $37.97
Slippage, 4 orders: −$60.16
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $686.79
Costs to cover: 0.752%
Break-even: 0.4 days

Slippage from Extended: live order book, 5 min ago; Kraken Futures: live order book, 5 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	1.55 bp	9.5 bp −$9	24.6 bp −$246	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 5 min ago	22.18 bp	29.2 bp −$29	201.7 bp −$2,017	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	−0.0384%	1h	0.09621	−0.089%	$559	$708	5x	as long as short
Backpack XPL_USDC_PERP	−0.0272%	1h	0.09640	+0.109%	$179K	$231K	10x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0267% / S +0.0587%	1h	0.09622	−0.074%	$106K	—	100x	as long as short
Bybit XPLUSDT	−0.0102%	4h	0.09608	−0.224%	$45.5M	$56.7M	75x	as long as short
Deribit XPL_USDC-PERPETUAL	−0.0061%	1h	0.09640	+0.109%	$46K	$18K	25x	as long as short
Orderly PERP_XPL_USDC	0.0000%	4h	0.09612	−0.182%	$29K	$335K	10x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09636	+0.068%	$8K	—	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−21.381%	—	—	—	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09622	−0.083%	$73K	—	150x	as long as short
OKX XPL-USDT-SWAP	+0.0060%	4h	0.09612	−0.182%	$8.3M	$52.5M	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	0.09630	+0.006%	$13K	$2K	5x	as long as short
Lighter XPL	+0.0096%	1h	0.09624	−0.058%	$4.4M	$4.2M	10x	as long as short
Nado XPL-PERP	+0.0100%	1h	0.09632	+0.026%	$1.2M	$2.8M	10x	as long as short
Hyperliquid XPL	+0.0100%	1h	0.09648	+0.194%	$60.5M	$48.2M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09640	+0.110%	$244K	$497K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09640	+0.109%	$220K	$48K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09614	−0.163%	$43.5M	$108.4M	75x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09643	+0.144%	$140K	$5K	10x	as long as short
Gate XPL_USDT	+0.0100%	4h	0.09631	+0.015%	$3.0M	$3.8M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09629	−0.006%	$12.5M	$7.9M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09623	−0.068%	$2.3M	$1.5M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09622	−0.078%	$8.5M	$11.1M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09612	−0.182%	—	$7.9M	—	as long as short
Variational Omni XPL	+0.0100%	4h	0.09645	+0.157%	$1.7M	$1.8M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09649	+0.197%	$254K	$930K	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09660	+0.316%	$25K	$83K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09641	+0.121%	$128K	$2.6M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09620	−0.099%	$3K	$1.9M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09640	+0.109%	$2K	$11K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09642	+0.129%	$145K	$263K	20x	as long as short
Extended XPL-USDlong	+0.0104%	1h	0.09630	long leg	$636K	$1.1M	25x
Aevo XPL-PERP	+0.0104%	1h	0.09614	−0.161%	$29K	$18K	3x	as long as short
Phoenix XPL	+0.0248%	1h	0.09660	+0.316%	$196K	$629K	10x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09635	+0.057%	$1.7M	$1.0M	75x	as long as short
Coinbase International XPL-PERP-INTX	+0.0672%	1h	0.09670	+0.420%	$75K	$93K	50x	as long as short
Kraken Futures PF_XPLUSDshort	+0.3552%	1h	0.09679	+0.513%	$549K	$1.0M	10x