XPL

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0350%/8h= +38.4% APRnext payment +$0.44 per $10,000 · paid last 24h +0.036%

Price spread now: Extended against GMX−0.091%7-day average −0.059% · you buy dearer than you sell

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

Long on GMX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.072%−$7 on $10k

Price spread, last 4 days (all we have)−0.114%−$11 · spread now −0.091%, 7d avg −0.059%

Together, before fees−0.186%+ Points / potential airdropExtended: Active · farm board−$19 on $10k · with fees, hour by hour

Funding pays, the price is against you. Extended is 0.033% cheaper against GMX than usual: you would sell low and buy high (spread −0.091% now, against its 7-day average of −0.059%). If the spread goes back, that is −$3 on $10k: about 7 hours of funding at the current rate (+$11 a day). Mind the row above: over the last 3 days funding on this pair cost −0.072%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.072% in total (about -8.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.44 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX XPL/USD [WBTC.b-USDC]	0.09625	L −0.0246% / S +0.0575%	get 0.0031% / 1h	42m 07s	$106K	—	100x
Short	Extended XPL-USD	0.09616	0.0104	get 0.0013% / 1h	42m 07s	$632K	$1.1M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.091%Rate

Funding earned: $73.58
Price spread: −0.091% → −0.059%: −$3.27
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $53.31
Costs to cover: 0.170%
Break-even: 1.9 days

Slippage unknown: GMX: no order-book sample; Extended: live order book, 1 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 GMX no order-book sample	—	—	—	—	—
Sell Extended live order book, 1 min ago	1.56 bp	8.9 bp −$9	19.5 bp −$195	doesn't fit	doesn't fit

GMX: 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	−0.0603%	1h	0.09621	−0.042%	$180K	$242K	10x	as long as short
01 Exchange XPLUSD	−0.0424%	1h	0.09611	−0.145%	$559	$708	5x	as long as short
GMX XPL/USD [WBTC.b-USDC]long	L −0.0246% / S +0.0575%	1h	0.09625	long leg	$106K	—	100x
Deribit XPL_USDC-PERPETUAL	−0.0062%	1h	0.09622	−0.031%	$46K	$18K	25x	as long as short
Orderly PERP_XPL_USDC	−0.0004%	4h	0.09616	−0.094%	$29K	$335K	10x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09619	−0.066%	$8K	—	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−21.343%	—	—	—	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09626	+0.011%	$73K	—	150x	as long as short
Lighter XPL	+0.0024%	1h	0.09611	−0.145%	$4.4M	$4.2M	10x	as long as short
OKX XPL-USDT-SWAP	+0.0035%	4h	0.09617	−0.083%	$8.3M	$53.3M	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	+0.0052%	8h	0.09624	−0.006%	$13K	$2K	5x	as long as short
Nado XPL-PERP	+0.0100%	1h	0.09619	−0.057%	$1.2M	$2.8M	10x	as long as short
Hyperliquid XPL	+0.0100%	1h	0.09628	+0.033%	$60.5M	$48.2M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09621	−0.046%	$244K	$500K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09625	+0.002%	$220K	$47K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09608	−0.177%	$43.5M	$108.7M	75x	as long as short
Bybit XPLUSDT	+0.0100%	4h	0.09604	−0.218%	$45.6M	$56.8M	75x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09540	−0.883%	$139K	$7K	10x	as long as short
Gate XPL_USDT	+0.0100%	4h	0.09617	−0.083%	$3.0M	$3.7M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09618	−0.073%	$12.4M	$7.9M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09607	−0.187%	$2.3M	$1.5M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09625	0.000%	$8.5M	$11.1M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09615	−0.104%	—	$8.0M	—	as long as short
Variational Omni XPL	+0.0100%	4h	0.09526	−1.030%	$1.7M	$1.8M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09550	−0.779%	$258K	$901K	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09580	−0.468%	$25K	$83K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09633	+0.079%	$128K	$2.6M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09600	−0.260%	$2K	$1.9M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09620	−0.052%	$2K	$11K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09605	−0.208%	$144K	$264K	20x	as long as short
Extended XPL-USDshort	+0.0104%	1h	0.09616	−0.091%	$632K	$1.1M	25x
Aevo XPL-PERP	+0.0104%	1h	0.09615	−0.104%	$29K	$18K	3x	as long as short
Phoenix XPL	+0.0248%	1h	0.09573	−0.540%	$194K	$629K	10x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09590	−0.364%	$1.7M	$1.0M	75x	as long as short
Coinbase International XPL-PERP-INTX	+0.0672%	1h	0.09640	+0.156%	$74K	$93K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.3559%	1h	0.09659	+0.349%	$548K	$1.0M	10x	as long as short