XPL

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0404%/8h= +44.2% APRnext payment +$0.50 per $10,000 · paid last 24h +0.042%

Price spread now: Polymarket Perps against GMX+0.046%7-day average +0.061% · you sell dearer than you buy

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

Long on GMX Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.057%−$6 on $10k

Price spread, last 4 days (all we have)−0.074%−$7 · spread now +0.046%, 7d avg +0.061%

Together, before fees−0.131%−$13 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.061%, so right now this pair is about funding alone: +$12 a day on $10k at the current rate. Mind the row above: over the last 3 days funding on this pair cost −0.057%, 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 -0.057% in total (about -6.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.50 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]	0.09670	L −0.0304% / S +0.0610%	get 0.0038% / 1h	2m 21s	$107K	—	100x
Short	Polymarket Perps XPL-USD	0.09675	0.0100	get 0.0013% / 1h	2m 21s	$126K	$2.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now +0.046%Rate

Funding earned: $84.78
Price spread: +0.046% → +0.061%: −$1.56
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: $63.22
Costs to cover: 0.200%
Break-even: 1.8 days

Slippage unknown: GMX: no order-book sample; Polymarket Perps: 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 Polymarket Perps live order book, 1 min ago	1.65 bp	8.9 bp −$9	9.7 bp −$97	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
01 Exchange XPLUSD	−0.0384%	1h	0.09651	−0.199%	$561	$708	5x	as long as short
GMX XPL/USD [WBTC.b-USDC]long	L −0.0304% / S +0.0610%	1h	0.09670	long leg	$107K	—	100x
Deribit XPL_USDC-PERPETUAL	−0.0163%	1h	0.09672	+0.019%	$46K	$18K	25x	as long as short
Backpack XPL_USDC_PERP	−0.0147%	1h	0.09664	−0.064%	$178K	$224K	10x	as long as short
Bybit XPLUSDT	−0.0093%	4h	0.09667	−0.033%	$45.8M	$54.6M	75x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09662	−0.089%	$9K	$585	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−21.709%	—	—	—	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09671	+0.008%	$73K	—	150x	as long as short
Orderly PERP_XPL_USDC	+0.0018%	4h	0.09667	−0.033%	$29K	$339K	10x	as long as short
Paradex XPL-USD-PERP	+0.0058%	8h	0.09660	−0.102%	$13K	$2K	5x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate XPL_USDT	+0.0084%	4h	0.09661	−0.095%	$3.0M	$3.6M	75x	as long as short
Lighter XPL	+0.0096%	1h	0.09648	−0.230%	$4.4M	$3.3M	10x	as long as short
Nado XPL-PERP	+0.0100%	1h	0.09663	−0.069%	$1.2M	$2.6M	10x	as long as short
Hyperliquid XPL	+0.0100%	1h	0.09679	+0.091%	$61.1M	$46.9M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09666	−0.042%	$252K	$469K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09662	−0.084%	$220K	$46K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09670	−0.002%	$43.9M	$102.9M	75x	as long as short
OKX XPL-USDT-SWAP	+0.0100%	4h	0.09669	−0.012%	$8.3M	$49.5M	50x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09631	−0.402%	$140K	$5K	10x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09661	−0.095%	$12.5M	$7.8M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09656	−0.147%	$2.3M	$1.4M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09678	+0.081%	$8.8M	$10.1M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09665	−0.054%	—	$7.9M	—	as long as short
Variational Omni XPL	+0.0100%	4h	0.09643	−0.283%	$1.7M	$1.9M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09651	−0.198%	$260K	$993K	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09640	−0.312%	$25K	$78K	50x	as long as short
Polymarket Perps XPL-USDshort	+0.0100%	1h	0.09675	+0.046%	$126K	$2.0M	10x
SunX XPL-USDT	+0.0100%	4h	0.09640	−0.312%	$3K	$1.8M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09670	−0.002%	$205	$12K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09639	−0.323%	$141K	$206K	20x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09667	−0.038%	$653K	$1.1M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09670	−0.002%	$29K	$18K	3x	as long as short
Phoenix XPL	+0.0334%	1h	0.09670	−0.002%	$196K	$617K	10x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09655	−0.157%	$1.7M	$985K	75x	as long as short
Coinbase International XPL-PERP-INTX	+0.0616%	1h	0.09698	+0.287%	$75K	$86K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.3286%	1h	0.09708	+0.388%	$550K	$977K	10x	as long as short