XPL

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0381%/8h= +41.7% APRnext payment +$0.48 per $10,000 · paid last 24h +0.069%

Price spread now: Phoenix against Extended+0.225%48s7-day average +0.201% · you sell dearer than you buy

Net, funding: paid 7d − costs+$2as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$440.445% of the position

Long on Extended Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days+0.463%+$46 on $10k

Price spread, last 3 days (all we have)+0.471%+$47 · spread now +0.225%, 7d avg +0.201%

Together, before fees+0.935%+ Points / potential airdropExtended: Active · farm board+$93 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and Phoenix is 0.023% dearer against Extended than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.201%. The two prices were read 48 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	Extended XPL-USD	0.09720	0.0104	pay 0.0013% / 1h	52m 23s	$653K	$1.1M	25x
Short	Phoenix XPL	0.09742	0.0485	get 0.0061% / 1h	52m 23s	$199K	$646K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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 PhoenixbpOrdersPrice spread, now +0.225%Rate

Funding earned: $79.96
Price spread: +0.225% → +0.201%: $2.33
Slippage, 4 orders: −$32.46
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $37.83
Costs to cover: 0.445%
Break-even: 3.7 days

Slippage from Extended: live order book, 1 min ago; Phoenix: live order book, 35 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, 1 min ago	1.54 bp	9.2 bp −$9	25.0 bp −$250	doesn't fit	doesn't fit
Sell Phoenix live order book, 35 min ago	1.01 bp	14.6 bp −$15	48.3 bp −$483	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	−0.0676%	1h	0.09711	−0.094%	$47K	$18K	25x	as long as short
Lighter XPL	−0.0336%	1h	0.09703	−0.176%	$4.4M	$4.2M	10x	as long as short
Backpack XPL_USDC_PERP	−0.0318%	1h	0.09700	−0.207%	$179K	$282K	10x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0067% / S +0.0477%	1h	0.09741	+0.216%	$112K	—	100x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09723	+0.027%	$8K	—	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−22.112%	—	—	—	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09740	+0.200%	$72K	—	150x	as long as short
Orderly PERP_XPL_USDC	+0.0079%	4h	0.09734	+0.142%	$27K	$333K	10x	as long as short
Paradex XPL-USD-PERP	+0.0096%	8h	0.09716	−0.040%	$13K	$2K	5x	as long as short
Nado XPL-PERP	+0.0100%	1h	0.09738	+0.186%	$1.4M	$2.6M	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid XPL	+0.0100%	1h	0.09743	+0.239%	$63.2M	$46.7M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09726	+0.057%	$252K	$527K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09719	−0.009%	$220K	$19K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09739	+0.191%	$44.4M	$103.7M	75x	as long as short
Bybit XPLUSDT	+0.0100%	4h	0.09734	+0.142%	$47.1M	$52.5M	75x	as long as short
OKX XPL-USDT-SWAP	+0.0100%	4h	0.09737	+0.173%	$9.0M	$52.8M	50x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09901	+1.861%	$143K	$11K	10x	as long as short
Gate XPL_USDT	+0.0100%	4h	0.09734	+0.142%	$3.0M	$4.0M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09733	+0.132%	$12.9M	$7.6M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09729	+0.091%	$2.4M	$1.4M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09743	+0.235%	$8.6M	$11.0M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09734	+0.142%	—	$7.9M	—	as long as short
Variational Omni XPL	+0.0100%	4h	0.09837	+1.207%	$1.7M	$1.9M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09760	+0.408%	$265K	$782K	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09840	+1.233%	$25K	$82K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09745	+0.254%	$131K	$2.7M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09700	−0.207%	$2K	$2.0M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09700	−0.207%	$206	$10K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09702	−0.187%	$138K	$245K	20x	as long as short
Extended XPL-USDlong	+0.0104%	1h	0.09720	long leg	$653K	$1.1M	25x
Aevo XPL-PERP	+0.0104%	1h	0.09742	+0.223%	$38K	$5K	3x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09717	−0.032%	$1.8M	$1.2M	75x	as long as short
01 Exchange XPLUSD	+0.0448%	1h	0.09714	−0.063%	$565	$582	5x	as long as short
Phoenix XPLshort	+0.0485%	1h	0.09742	+0.225%	$199K	$646K	10x
Coinbase International XPL-PERP-INTX	+0.0824%	1h	0.09965	+2.519%	$75K	$106K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.3483%	1h	0.09817	+0.997%	$397K	$806K	10x	as long as short