XPL

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0075%/8h= +8.2% APRnext payment +$0.09 per $10,000 · paid last 24h −0.117%

Price spread now: Lighter against gTrade (Gains Network)+0.004%7-day average — · you sell dearer than you buy

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

Long on gTrade (Gains Network)Short on Lighter

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 airdropLighter: Season 3 · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) XPL/USD	0.09590	L +0.0005% / S −0.0004%	pay 0.0001% / 1h	34m 23s	$72K	—	150x
Short	Lighter XPL	0.09590	0.0080	get 0.0010% / 1h	34m 23s	$4.3M	$4.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now +0.004%Rate

Funding earned: $15.65
Price spread: +0.004% → 0.000%: $0.36
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: $6.02
Costs to cover: 0.100%
Break-even: 4.3 days

Slippage unknown: gTrade (Gains Network): no order-book sample; Lighter: live order book, 3 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 Lighter live order book, 3 min ago	4.17 bp	18.5 bp −$18	38.7 bp −$387	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
Backpack XPL_USDC_PERP	−0.0521%	1h	0.09627	+0.389%	$181K	$243K	10x	as long as short
01 Exchange XPLUSD	−0.0440%	1h	0.09576	−0.142%	$557	$708	5x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0252% / S +0.0578%	1h	0.09589	−0.006%	$105K	—	100x	as long as short
Deribit XPL_USDC-PERPETUAL	−0.0165%	1h	0.09628	+0.400%	$46K	$18K	25x	as long as short
Orderly PERP_XPL_USDC	−0.0005%	4h	0.09624	+0.358%	$29K	$335K	10x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09598	+0.088%	$8K	—	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−21.053%	—	—	—	as long as short
gTrade (Gains Network) XPL/USDlong	L +0.0005% / S −0.0004%	1h	0.09590	long leg	$72K	—	150x
OKX XPL-USDT-SWAP	+0.0038%	4h	0.09582	−0.080%	$8.2M	$52.8M	50x	as long as short
Paradex XPL-USD-PERP	+0.0056%	8h	0.09593	+0.032%	$12K	$2K	5x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit XPLUSDT	+0.0059%	4h	0.09578	−0.121%	$45.4M	$56.8M	75x	as long as short
Gate XPL_USDT	+0.0060%	4h	0.09585	−0.048%	$3.0M	$3.8M	75x	as long as short
Lighter XPLshort	+0.0080%	1h	0.09590	+0.004%	$4.3M	$4.2M	10x
Nado XPL-PERP	+0.0100%	1h	0.09584	−0.064%	$1.2M	$2.8M	10x	as long as short
Hyperliquid XPL	+0.0100%	1h	0.09597	+0.077%	$60.3M	$48.1M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09604	+0.149%	$244K	$501K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09604	+0.148%	$219K	$48K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09585	−0.048%	$43.3M	$108.7M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09584	−0.059%	$12.3M	$7.9M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09575	−0.153%	$2.3M	$1.5M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09590	+0.004%	$8.5M	$11.1M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09582	−0.080%	—	$8.0M	—	as long as short
Variational Omni XPL	+0.0100%	4h	0.09612	+0.229%	$1.7M	$1.8M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09596	+0.070%	$255K	$912K	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09610	+0.212%	$25K	$83K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09593	+0.039%	$127K	$2.6M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09610	+0.212%	$3K	$1.9M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09630	+0.421%	$2K	$11K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09601	+0.118%	$144K	$264K	20x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09615	+0.264%	$140K	$7K	10x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09579	−0.107%	$633K	$1.1M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09625	+0.369%	$29K	$18K	3x	as long as short
Phoenix XPL	+0.0248%	1h	0.09617	+0.285%	$195K	$629K	10x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09625	+0.369%	$1.7M	$1.0M	75x	as long as short
Coinbase International XPL-PERP-INTX	+0.0672%	1h	0.09640	+0.525%	$74K	$93K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.3559%	1h	0.09659	+0.727%	$548K	$1.0M	10x	as long as short