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: Polymarket Perps against Extended+0.253%7-day average +0.145% · you sell dearer than you buy

Net, funding: paid 7d − costs−$31as in the Funding arb table

Net, price: spread back to 7d avg − costs−$19as in the Price arb table

costs, in and out, $10k−$300.295% of the position

Long on Extended Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.012%−$1 on $10k

Price spread, last 7 days−0.375%−$38 · spread now +0.253%, 7d avg +0.145%

Together, before fees−0.387%+ Points / potential airdropExtended: Active · farm board−$39 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: Polymarket Perps is 0.108% dearer against Extended than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of +0.145%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended XPL-USD	0.09661	0.0104	pay 0.0013% / 1h	59m 55s	$609K	$1.2M	25x
Short	Polymarket Perps XPL-USD	0.09685	0.0100	get 0.0013% / 1h	59m 55s	$127K	$1.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now +0.253%Rate

Funding earned: −$0.84
Price spread: +0.253% → +0.145%: $10.79
Slippage, 4 orders: −$16.52
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$19.57
Costs to cover: 0.295%
Break-even: never at this rate

Slippage from Extended: live order book, 3 min ago; Polymarket Perps: live order book, 4 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	1.55 bp	6.2 bp −$6	21.6 bp −$216	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 4 min ago	2.84 bp	6.9 bp −$7	8.2 bp −$82	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
GMX XPL/USD [WBTC.b-USDC]	L −0.0313% / S +0.0615%	1h	0.09678	+0.183%	$107K	—	100x	as long as short
Deribit XPL_USDC-PERPETUAL	−0.0267%	1h	0.09673	+0.127%	$46K	$18K	25x	as long as short
01 Exchange XPLUSD	−0.0256%	1h	0.09656	−0.049%	$561	$708	5x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09680	+0.200%	$9K	$600	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−21.631%	—	—	—	as long as short
Orderly PERP_XPL_USDC	+0.0005%	4h	0.09671	+0.107%	$29K	$282K	10x	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09678	+0.179%	$73K	—	150x	as long as short
Paradex XPL-USD-PERP	+0.0056%	8h	0.09667	+0.070%	$13K	$696	5x	as long as short
Lighter XPL	+0.0056%	1h	0.09665	+0.045%	$4.4M	$3.0M	10x	as long as short
Hyperliquid XPL	+0.0100%	1h	0.09684	+0.243%	$61.3M	$46.4M	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster XPLUSDT	+0.0100%	4h	0.09676	+0.156%	$254K	$426K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09675	+0.152%	$221K	$46K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09665	+0.045%	$43.8M	$98.3M	75x	as long as short
Bybit XPLUSDT	+0.0100%	4h	0.09667	+0.065%	$45.9M	$53.6M	75x	as long as short
OKX XPL-USDT-SWAP	+0.0100%	4h	0.09663	+0.024%	$8.0M	$48.6M	50x	as long as short
Gate XPL_USDT	+0.0100%	4h	0.09674	+0.138%	$3.1M	$3.4M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09664	+0.034%	$12.7M	$7.0M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09670	+0.096%	$2.3M	$1.3M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09676	+0.158%	$8.9M	$9.7M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09665	+0.045%	—	$7.8M	—	as long as short
Backpack XPL_USDC_PERP	+0.0100%	1h	0.09672	+0.117%	$176K	$189K	10x	as long as short
Variational Omni XPL	+0.0100%	4h	0.09671	+0.104%	$1.7M	$1.9M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09681	+0.211%	$256K	$1.2M	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09680	+0.200%	$25K	$77K	50x	as long as short
Nado XPL-PERP	+0.0100%	1h	0.09673	+0.127%	$1.2M	$2.2M	10x	as long as short
Polymarket Perps XPL-USDshort	+0.0100%	1h	0.09685	+0.253%	$127K	$1.8M	10x
SunX XPL-USDT	+0.0100%	4h	0.09650	−0.111%	$3K	$1.7M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09670	+0.096%	$202	$12K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09681	+0.210%	$138K	$187K	20x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09676	+0.158%	$141K	$0	10x	as long as short
Extended XPL-USDlong	+0.0104%	1h	0.09661	long leg	$609K	$1.2M	25x
Aevo XPL-PERP	+0.0104%	1h	0.09670	+0.101%	$29K	$18K	3x	as long as short
Phoenix XPL	+0.0251%	1h	0.09691	+0.314%	$196K	$536K	10x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09670	+0.096%	$1.7M	$942K	75x	as long as short
Coinbase International XPL-PERP-INTX	+0.0592%	1h	0.09718	+0.593%	$66K	$92K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.2863%	1h	0.09709	+0.497%	$552K	$953K	10x	as long as short