XPL

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0328%/8h= +36.0% APRnext payment +$0.41 per $10,000 · paid last 24h +0.095%

Price spread now: Phoenix against gTrade (Gains Network)+0.290%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 Phoenix

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—needs both histories

Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Phoenix is 0.290% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$29 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) XPL/USD	0.09512	L +0.0005% / S −0.0004%	pay 0.0001% / 1h	49m 21s	$72K	—	150x
Short	Phoenix XPL	0.09540	0.0334	get 0.0042% / 1h	49m 21s	$193K	$617K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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 PhoenixbpOrdersPrice spread, now +0.290%Rate

Funding earned: $68.98
Price spread: +0.290% → 0.000%: $28.98
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $80.96
Costs to cover: 0.170%
Break-even: from the start

Slippage unknown: gTrade (Gains Network): no order-book sample; Phoenix: live order book, 8 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 Phoenix live order book, 8 min ago	1.05 bp	15.0 bp −$15	48.1 bp −$481	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	−0.0320%	1h	0.09504	−0.089%	$553	$708	5x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0289% / S +0.0602%	1h	0.09512	−0.005%	$105K	—	100x	as long as short
Bybit XPLUSDT	−0.0116%	4h	0.09491	−0.225%	$45.0M	$55.6M	75x	as long as short
Backpack XPL_USDC_PERP	−0.0108%	1h	0.09520	+0.080%	$176K	$227K	10x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09525	+0.136%	$8K	—	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−20.411%	—	—	—	as long as short
Deribit XPL_USDC-PERPETUAL	0.0000%	1h	0.09498	−0.152%	$46K	$18K	25x	as long as short
Orderly PERP_XPL_USDC	+0.0004%	4h	0.09495	−0.183%	$29K	$335K	10x	as long as short
gTrade (Gains Network) XPL/USDlong	L +0.0005% / S −0.0004%	1h	0.09512	long leg	$72K	—	150x
Paradex XPL-USD-PERP	+0.0071%	8h	0.09515	+0.028%	$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
Lighter XPL	+0.0096%	1h	0.09510	−0.026%	$4.3M	$3.3M	10x	as long as short
Nado XPL-PERP	+0.0100%	1h	0.09519	+0.069%	$1.2M	$2.7M	10x	as long as short
Hyperliquid XPL	+0.0100%	1h	0.09526	+0.146%	$59.7M	$47.1M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09517	+0.048%	$241K	$483K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09520	+0.080%	$217K	$46K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09507	−0.057%	$43.1M	$105.1M	75x	as long as short
OKX XPL-USDT-SWAP	+0.0100%	4h	0.09497	−0.162%	$8.2M	$49.4M	50x	as long as short
Gate XPL_USDT	+0.0100%	4h	0.09511	−0.015%	$3.0M	$3.5M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09512	−0.005%	$12.3M	$7.7M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09514	+0.017%	$2.3M	$1.4M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09503	−0.099%	$8.5M	$10.3M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09504	−0.089%	—	$7.9M	—	as long as short
Variational Omni XPL	+0.0100%	4h	0.09518	+0.057%	$1.7M	$1.8M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09541	+0.296%	$254K	$955K	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09530	+0.185%	$25K	$79K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09521	+0.087%	$126K	$2.1M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09490	−0.236%	$2K	$1.8M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09520	+0.080%	$2K	$11K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09534	+0.227%	$143K	$236K	20x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09565	+0.553%	$139K	$5K	10x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09494	−0.194%	$643K	$1.1M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09495	−0.183%	$28K	$18K	3x	as long as short
Phoenix XPLshort	+0.0334%	1h	0.09540	+0.290%	$193K	$617K	10x
BloFin XPL-USDT	+0.0340%	4h	0.09528	+0.164%	$1.7M	$983K	75x	as long as short
Coinbase International XPL-PERP-INTX	+0.0616%	1h	0.09606	+0.984%	$74K	$86K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.3345%	1h	0.09537	+0.259%	$541K	$977K	10x	as long as short