XPL

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0095%/8h= +10.4% APRnext payment +$0.12 per $10,000 · paid last 24h +0.077%

Price spread now: Hyperliquid against gTrade (Gains Network)−0.125%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on gTrade (Gains Network)Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories

Funding pays, the price is against you. Hyperliquid is 0.125% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.125% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$13 on $10k: about 4.4 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) XPL/USD	0.09636	L +0.0005% / S −0.0004%	pay 0.0001% / 1h	54m 21s	$76K	—	150x
Short	Hyperliquid XPL	0.09624	0.0100	get 0.0013% / 1h	54m 21s	$62.1M	$47.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee HyperliquidbpOrdersPrice spread, now −0.125%Rate

Funding earned: $19.85
Price spread: −0.125% → 0.000%: −$12.53
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$11.67
Costs to cover: 0.190%
Break-even: 11.1 days

Slippage unknown: gTrade (Gains Network): no order-book sample; Hyperliquid: live order book, 9 min ago. Net counts fees only.

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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell Hyperliquid live order book, 9 min ago	1.12 bp	14.0 bp −$14	doesn't fit	doesn't fit	doesn't fit

gTrade (Gains Network): no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0304%	1h	0.09595	−0.425%	$558	$708	5x	as long as short
Deribit XPL_USDC-PERPETUAL	−0.0268%	1h	0.09649	+0.135%	$46K	$18K	25x	as long as short
Lighter XPL	−0.0248%	1h	0.09613	−0.238%	$4.4M	$4.1M	10x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0183% / S +0.0552%	1h	0.09634	−0.019%	$111K	—	100x	as long as short
Backpack XPL_USDC_PERP	−0.0033%	1h	0.09630	−0.062%	$181K	$237K	10x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09624	−0.125%	$8K	—	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−21.434%	—	—	—	as long as short
gTrade (Gains Network) XPL/USDlong	L +0.0005% / S −0.0004%	1h	0.09636	long leg	$76K	—	150x
Orderly PERP_XPL_USDC	+0.0010%	4h	0.09645	+0.094%	$29K	$335K	10x	as long as short
OKX XPL-USDT-SWAP	+0.0049%	4h	0.09634	−0.020%	$8.4M	$55.3M	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	+0.0049%	8h	0.09605	−0.318%	$12K	$2K	5x	as long as short
Nado XPL-PERP	+0.0100%	1h	0.09618	−0.185%	$1.2M	$2.8M	10x	as long as short
Hyperliquid XPLshort	+0.0100%	1h	0.09624	−0.125%	$62.1M	$47.4M	10x
Aster XPLUSDT	+0.0100%	4h	0.09618	−0.185%	$253K	$555K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09623	−0.130%	$219K	$46K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09626	−0.104%	$44.0M	$110.1M	75x	as long as short
Bybit XPLUSDT	+0.0100%	4h	0.09634	−0.020%	$46.2M	$57.6M	75x	as long as short
Gate XPL_USDT	+0.0100%	4h	0.09620	−0.166%	$3.0M	$3.8M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09607	−0.301%	$12.7M	$7.8M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09598	−0.394%	$2.4M	$1.5M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09642	+0.063%	$8.5M	$11.4M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09628	−0.083%	—	$8.0M	—	as long as short
Variational Omni XPL	+0.0100%	4h	0.09695	+0.613%	$1.7M	$1.9M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09750	+1.183%	$266K	$857K	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09780	+1.495%	$25K	$89K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09626	−0.106%	$129K	$2.7M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09650	+0.146%	$2K	$2.0M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09640	+0.042%	$485	$11K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09646	+0.104%	$140K	$254K	20x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09755	+1.235%	$142K	$2K	10x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09657	+0.213%	$649K	$1.1M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09640	+0.042%	$29K	$18K	3x	as long as short
Phoenix XPL	+0.0163%	1h	0.09794	+1.640%	$198K	$657K	10x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09592	−0.456%	$1.7M	$1.1M	75x	as long as short
Coinbase International XPL-PERP-INTX	+0.0496%	1h	0.09776	+1.453%	$77K	$100K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.4420%	1h	0.09678	+0.438%	$548K	$1.0M	10x	as long as short