XPL

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0288%/8h= +31.5% APRnext payment +$0.36 per $10,000 · paid last 24h −0.021%

Price spread now: Deribit against GMX−0.002%7-day average — · you buy dearer than you sell

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

Long on GMX Short on Deribit

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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$9 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX XPL/USD [WBTC.b-USDC]	0.09527	L −0.0288% / S +0.0601%	get 0.0036% / 1h	51m 11s	$105K	—	100x
Short	Deribit XPL_USDC-PERPETUAL	0.09527	0	get 0.0000% / 1h	51m 11s	$46K	$18K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against GMX. 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 GMXbpFee DeribitbpOrdersPrice spread, now −0.002%Rate

Funding earned: $60.45
Price spread: −0.002% → 0.000%: −$0.21
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $41.24
Costs to cover: 0.190%
Break-even: 2.2 days

Slippage unknown: GMX: no order-book sample; Deribit: no order-book sample. 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 GMX no order-book sample	—	—	—	—	—
Sell Deribit no order-book sample	—	—	—	—	—

GMX and Deribit: 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	−0.0328%	1h	0.09525	−0.023%	$554	$708	5x	as long as short
GMX XPL/USD [WBTC.b-USDC]long	L −0.0288% / S +0.0601%	1h	0.09527	long leg	$105K	—	100x
Backpack XPL_USDC_PERP	−0.0136%	1h	0.09531	+0.040%	$176K	$227K	10x	as long as short
Bybit XPLUSDT	−0.0118%	4h	0.09522	−0.055%	$45.1M	$56.0M	75x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09538	+0.114%	$8K	—	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−20.535%	—	—	—	as long as short
Deribit XPL_USDC-PERPETUALshort	0.0000%	1h	0.09527	−0.002%	$46K	$18K	25x
Orderly PERP_XPL_USDC	+0.0004%	4h	0.09523	−0.044%	$29K	$335K	10x	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09529	+0.016%	$72K	—	150x	as long as short
Paradex XPL-USD-PERP	+0.0070%	8h	0.09536	+0.096%	$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
OKX XPL-USDT-SWAP	+0.0095%	4h	0.09528	+0.008%	$8.2M	$49.9M	50x	as long as short
Lighter XPL	+0.0096%	1h	0.09517	−0.107%	$4.3M	$3.3M	10x	as long as short
Nado XPL-PERP	+0.0100%	1h	0.09527	+0.003%	$1.2M	$2.7M	10x	as long as short
Hyperliquid XPL	+0.0100%	1h	0.09539	+0.129%	$59.8M	$47.1M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09531	+0.044%	$242K	$478K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09532	+0.055%	$217K	$48K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09535	+0.082%	$43.3M	$105.6M	75x	as long as short
Gate XPL_USDT	+0.0100%	4h	0.09533	+0.061%	$3.0M	$3.5M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09525	−0.023%	$12.3M	$7.7M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09533	+0.061%	$2.3M	$1.4M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09535	+0.082%	$8.5M	$10.4M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09528	+0.008%	—	$7.9M	—	as long as short
Variational Omni XPL	+0.0100%	4h	0.09518	−0.098%	$1.7M	$1.8M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09541	+0.141%	$254K	$955K	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09570	+0.449%	$25K	$80K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09536	+0.091%	$127K	$2.1M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09510	−0.181%	$3K	$1.8M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09520	−0.076%	$2K	$11K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09565	+0.397%	$143K	$237K	20x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09565	+0.397%	$139K	$5K	10x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09522	−0.053%	$647K	$1.1M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09525	−0.023%	$28K	$18K	3x	as long as short
Phoenix XPL	+0.0334%	1h	0.09568	+0.428%	$194K	$617K	10x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09528	+0.008%	$1.7M	$983K	75x	as long as short
Coinbase International XPL-PERP-INTX	+0.0616%	1h	0.09606	+0.827%	$74K	$86K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.3334%	1h	0.09568	+0.424%	$541K	$977K	10x	as long as short