XPL

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0006%/8h= +0.7% APRnext payment +$0.03 per $10,000 · paid last 24h 0.000%

Price spread now: Bitget against Gate+0.134%7-day average +0.006% · you sell dearer than you buy

Net, funding: paid 7d − costs−$72as in the Funding arb table

Net, price: spread back to 7d avg − costs−$71as in the Price arb table

costs, in and out, $10k−$830.835% of the position

Long on Gate Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.118%+$12 on $10k

Price spread, last 7 days−0.138%−$14 · spread now +0.134%, 7d avg +0.006%

Together, before fees−0.020%−$2 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: Bitget is 0.128% dearer against Gate than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of +0.006%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate XPL_USDT	0.09703	0.0094	pay 0.0047% / 4h	37m 03s	$3.0M	$4.0M	75x
Short	Bitget XPLUSDT	0.09716	0.0100	get 0.0050% / 4h	37m 03s	$8.7M	$11.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Gate. 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 GatebpFee BitgetbpOrdersPrice spread, now +0.134%Rate

Funding earned: $1.26
Price spread: +0.134% → +0.006%: $12.81
Slippage, 4 orders: −$56.46
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$69.39
Costs to cover: 0.835%
Break-even: 392.5 days

Slippage from Gate: live order book, 1 min ago; Bitget: live order book, 1 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 Gate live order book, 1 min ago	3.09 bp	30.3 bp −$30	168.2 bp −$1,682	doesn't fit	doesn't fit
Sell Bitget live order book, 1 min ago	3.09 bp	19.6 bp −$20	39.2 bp −$392	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
Lighter XPL	−0.0672%	1h	0.09695	−0.082%	$4.4M	$4.1M	10x	as long as short
01 Exchange XPLUSD	−0.0384%	1h	0.09698	−0.052%	$564	$708	5x	as long as short
Deribit XPL_USDC-PERPETUAL	−0.0368%	1h	0.09705	+0.021%	$47K	$18K	25x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0132% / S +0.0519%	1h	0.09710	+0.075%	$112K	—	100x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09709	+0.067%	$8K	—	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07570	−21.979%	—	—	—	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0003%	1h	0.09709	+0.065%	$76K	—	150x	as long as short
Paradex XPL-USD-PERP	+0.0023%	8h	0.09699	−0.046%	$13K	$2K	5x	as long as short
Orderly PERP_XPL_USDC	+0.0055%	4h	0.09703	0.000%	$29K	$335K	10x	as long as short
Gate XPL_USDTlong	+0.0094%	4h	0.09703	long leg	$3.0M	$4.0M	75x

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid XPL	+0.0100%	1h	0.09721	+0.184%	$62.8M	$48.0M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09716	+0.131%	$252K	$527K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09710	+0.072%	$221K	$46K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09709	+0.062%	$44.1M	$108.0M	75x	as long as short
Bybit XPLUSDT	+0.0100%	4h	0.09711	+0.082%	$47.4M	$55.2M	75x	as long as short
OKX XPL-USDT-SWAP	+0.0100%	4h	0.09711	+0.082%	$8.8M	$54.3M	50x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09740	+0.383%	$142K	$9K	10x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09709	+0.062%	$12.6M	$7.6M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09714	+0.113%	$2.4M	$1.5M	50x	as long as short
Bitget XPLUSDTshort	+0.0100%	4h	0.09716	+0.134%	$8.7M	$11.1M	75x
BingX XPL-USDT	+0.0100%	4h	0.09710	+0.072%	—	$7.9M	—	as long as short
Backpack XPL_USDC_PERP	+0.0100%	1h	0.09712	+0.093%	$179K	$281K	10x	as long as short
Variational Omni XPL	+0.0100%	4h	0.09752	+0.508%	$1.7M	$1.9M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09755	+0.534%	$261K	$806K	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09750	+0.484%	$25K	$88K	50x	as long as short
Nado XPL-PERP	+0.0100%	1h	0.09702	−0.015%	$1.4M	$2.6M	10x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09717	+0.140%	$130K	$2.7M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09680	−0.237%	$3K	$2.0M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09710	+0.072%	$200	$10K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09735	+0.330%	$138K	$234K	20x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09704	+0.014%	$653K	$1.1M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09705	+0.021%	$38K	$5K	3x	as long as short
Phoenix XPL	+0.0327%	1h	0.09751	+0.495%	$197K	$651K	10x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09709	+0.062%	$1.8M	$1.2M	75x	as long as short
Coinbase International XPL-PERP-INTX	+0.0568%	1h	0.09825	+1.257%	$72K	$97K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.5107%	1h	0.09775	+0.738%	$564K	$1.0M	10x	as long as short