XPL

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0272%/8h= +29.8% APRnext payment +$0.34 per $10,000 · paid last 24h +0.025%

Price spread now: Nado against GMX−0.101%7-day average −0.028% · you buy dearer than you sell

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

Long on GMX Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.068%−$7 on $10k

Price spread, last 3 days (all we have)+0.039%+$4 · spread now −0.101%, 7d avg −0.028%

Together, before fees−0.029%+ Points / potential airdropNado: Active · farm board−$3 on $10k · with fees, hour by hour

Funding pays, the price is against you. Nado is 0.073% cheaper against GMX than usual: you would sell low and buy high (spread −0.101% now, against its 7-day average of −0.028%). If the spread goes back, that is −$7 on $10k: about 21 hours of funding at the current rate (+$8 a day). Mind the row above: over the last 3 days funding on this pair cost −0.068%, 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 -0.068% in total (about -7.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.34 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]	0.09929	L −0.0172% / S +0.0546%	get 0.0022% / 1h	12m 41s	$114K	—	100x
Short	Nado XPL-PERP	0.09920	0.0100	get 0.0012% / 1h	12m 41s	$1.5M	$2.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against GMX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 NadobpOrdersPrice spread, now −0.101%Rate

Funding earned: $57.2
Price spread: −0.101% → −0.028%: −$7.29
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Nado: 3.5 bp × 2 orders: −$7
Net: $30.91
Costs to cover: 0.190%
Break-even: 3.2 days

Slippage unknown: GMX: no order-book sample; Nado: 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 Nado live order book, 1 min ago	0.50 bp	7.5 bp −$8	23.3 bp −$233	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
Deribit XPL_USDC-PERPETUAL	−0.0254%	1h	0.09924	−0.055%	$48K	$18K	25x	as long as short
01 Exchange XPLUSD	−0.0200%	1h	0.09903	−0.267%	$576	$708	5x	as long as short
GMX XPL/USD [WBTC.b-USDC]long	L −0.0172% / S +0.0546%	1h	0.09929	long leg	$114K	—	100x
Lighter XPL	0.0000%	1h	0.09904	−0.257%	$4.5M	$4.2M	10x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09915	−0.142%	$8K	—	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07570	−23.758%	—	—	—	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0003%	1h	0.09929	−0.010%	$79K	—	150x	as long as short
Orderly PERP_XPL_USDC	+0.0020%	4h	0.09921	−0.086%	$30K	$335K	10x	as long as short
Paradex XPL-USD-PERP	+0.0044%	8h	0.09915	−0.141%	$13K	$2K	5x	as long as short
OKX XPL-USDT-SWAP	+0.0088%	4h	0.09908	−0.217%	$8.8M	$56.2M	50x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado XPL-PERPshort	+0.0100%	1h	0.09920	−0.101%	$1.5M	$2.6M	10x
Aster XPLUSDT	+0.0100%	4h	0.09918	−0.119%	$256K	$537K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09922	−0.079%	$226K	$46K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09913	−0.167%	$45.4M	$109.0M	75x	as long as short
Bybit XPLUSDT	+0.0100%	4h	0.09913	−0.166%	$48.2M	$56.1M	75x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09870	−0.599%	$144K	$2K	10x	as long as short
Gate XPL_USDT	+0.0100%	4h	0.09921	−0.086%	$3.1M	$4.0M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09912	−0.176%	$13.2M	$7.7M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09910	−0.196%	$2.4M	$1.5M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09917	−0.126%	$8.9M	$11.2M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09910	−0.196%	—	$7.9M	—	as long as short
Backpack XPL_USDC_PERP	+0.0100%	1h	0.09914	−0.156%	$185K	$254K	10x	as long as short
Variational Omni XPL	+0.0100%	4h	0.09912	−0.177%	$1.8M	$2.0M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09905	−0.251%	$263K	$844K	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09940	+0.106%	$26K	$89K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09929	−0.008%	$133K	$2.7M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09910	−0.196%	$2K	$2.0M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09910	−0.196%	$498	$11K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09929	−0.005%	$144K	$243K	20x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09910	−0.194%	$673K	$1.1M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09926	−0.031%	$29K	$18K	3x	as long as short
Phoenix XPL	+0.0163%	1h	0.09925	−0.045%	$201K	$655K	10x	as long as short
Hyperliquid XPL	+0.0190%	1h	0.09931	+0.019%	$64.5M	$47.1M	10x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09925	−0.045%	$1.8M	$1.2M	75x	as long as short
Coinbase International XPL-PERP-INTX	+0.0376%	1h	0.09980	+0.509%	$74K	$97K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.4992%	1h	0.09965	+0.358%	$576K	$1.0M	10x	as long as short