XPL

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.00 per $10,000 · paid last 24h +0.005%

Price spread now: Pacifica against Extended−0.114%7-day average +0.080% · you buy dearer than you sell

Net, funding: paid 7d − costs−$56as in the Funding arb table

Net, price: spread back to 7d avg − costs−$81as in the Price arb table

costs, in and out, $10k−$620.620% of the position

Long on Extended Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.058%+$6 on $10k

Price spread, last 4 days (all we have)+0.249%+$25 · spread now −0.114%, 7d avg +0.080%

Together, before fees+0.307%+ Points / potential airdropExtended: Active · Pacifica: Active · farm board+$31 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: Pacifica is 0.194% cheaper against Extended than usual: you would sell low and buy high, −$19 on $10k if it goes back to its 7-day average of +0.080%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended XPL-USD	0.09758	0.0104	pay 0.0013% / 1h	15m 19s	$661K	$1.1M	25x
Short	Pacifica XPL	0.09747	0.0100	get 0.0013% / 1h	15m 19s	$221K	$45K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now −0.114%Rate

Funding earned: −$0.84
Price spread: −0.114% → +0.080%: −$19.39
Slippage, 4 orders: −$49.03
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$82.26
Costs to cover: 0.620%
Break-even: never at this rate

Slippage from Extended: live order book, 3 min ago; Pacifica: live order book, 8 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, 3 min ago	1.02 bp	8.8 bp −$9	24.1 bp −$241	doesn't fit	doesn't fit
Sell Pacifica live order book, 8 min ago	5.10 bp	24.5 bp −$25	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
Deribit XPL_USDC-PERPETUAL	−0.0159%	1h	0.09765	+0.069%	$47K	$18K	25x	as long as short
Lighter XPL	−0.0096%	1h	0.09751	−0.074%	$4.4M	$4.3M	10x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0084% / S +0.0488%	1h	0.09742	−0.163%	$112K	—	100x	as long as short
01 Exchange XPLUSD	−0.0048%	1h	0.09738	−0.207%	$566	$582	5x	as long as short
Backpack XPL_USDC_PERP	−0.0006%	1h	0.09755	−0.033%	$178K	$283K	10x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09751	−0.074%	$8K	—	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−22.418%	—	—	—	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09746	−0.127%	$72K	—	150x	as long as short
Orderly PERP_XPL_USDC	+0.0083%	4h	0.09741	−0.177%	$27K	$333K	10x	as long as short
Paradex XPL-USD-PERP	+0.0091%	8h	0.09741	−0.182%	$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
Nado XPL-PERP	+0.0100%	1h	0.09747	−0.115%	$1.4M	$2.6M	10x	as long as short
Hyperliquid XPL	+0.0100%	1h	0.09750	−0.082%	$62.7M	$47.1M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09743	−0.160%	$252K	$527K	20x	as long as short
Pacifica XPLshort	+0.0100%	1h	0.09747	−0.114%	$221K	$45K	10x
Binance XPLUSDT	+0.0100%	4h	0.09762	+0.039%	$44.0M	$105.1M	75x	as long as short
Bybit XPLUSDT	+0.0100%	4h	0.09738	−0.207%	$47.5M	$53.5M	75x	as long as short
OKX XPL-USDT-SWAP	+0.0100%	4h	0.09758	−0.002%	$9.0M	$53.4M	50x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09815	+0.582%	$141K	$11K	10x	as long as short
Gate XPL_USDT	+0.0100%	4h	0.09741	−0.177%	$3.0M	$4.0M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09738	−0.207%	$12.7M	$7.7M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09743	−0.156%	$2.4M	$1.4M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09757	−0.013%	$8.6M	$11.1M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09740	−0.187%	—	$7.9M	—	as long as short
Variational Omni XPL	+0.0100%	4h	0.09749	−0.094%	$1.7M	$1.9M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09751	−0.078%	$264K	$775K	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09770	+0.121%	$25K	$87K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09749	−0.096%	$129K	$2.7M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09720	−0.392%	$2K	$2.0M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09760	+0.018%	$201	$10K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09753	−0.054%	$138K	$245K	20x	as long as short
Extended XPL-USDlong	+0.0104%	1h	0.09758	long leg	$661K	$1.1M	25x
Aevo XPL-PERP	+0.0104%	1h	0.09766	+0.084%	$38K	$5K	3x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09764	+0.059%	$1.8M	$1.2M	75x	as long as short
Phoenix XPL	+0.0485%	1h	0.09771	+0.131%	$198K	$646K	10x	as long as short
Coinbase International XPL-PERP-INTX	+0.0824%	1h	0.09783	+0.254%	$74K	$103K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.3484%	1h	0.09815	+0.587%	$517K	$944K	10x	as long as short