XPL

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0085%/8h= −9.3% APRnext payment −$0.43 per $10,000 · paid last 24h −0.017%

Price spread now: Orderly against GRVT−0.558%70s7-day average +0.010% · you buy dearer than you sell

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

Long on GRVT Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days−0.215%−$22 on $10k

Price spread, last 4 days (all we have)+0.442%+$44 · spread now −0.558%, 7d avg +0.010%

Together, before fees+0.227%+ Points / potential airdropGRVT: Active · farm board+$23 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Orderly is 0.567% cheaper against GRVT than usual: you would sell low and buy high (−$57 if the spread goes back to its 7-day average of +0.010%). Swap the legs. The two prices were read 70 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT XPL_USDT_Perp	0.09588	0.0100	pay 0.0050% / 4h	2h 39m	$258K	$1.1M	10x
Short	Orderly PERP_XPL_USDC	0.09535	0.0015	get 0.0008% / 4h	2h 39m	$29K	$320K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against GRVT. 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 GRVTbpFee OrderlybpOrdersPrice spread, now −0.558%Rate

Funding earned: −$17.85
Price spread: −0.558% → +0.010%: −$56.74
Slippage, 4 orders: no order book: not counted
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$89.59
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: GRVT: live order book, 3 min ago; Orderly: 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 GRVT live order book, 3 min ago	5.22 bp	174.6 bp −$175	444.2 bp −$4,442	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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	−0.0274%	1h	0.09540	−0.506%	$46K	$18K	25x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0234% / S +0.0570%	1h	0.09540	−0.501%	$105K	—	100x	as long as short
01 Exchange XPLUSD	−0.0216%	1h	0.09524	−0.672%	$554	$708	5x	as long as short
Lighter XPL	−0.0048%	1h	0.09518	−0.735%	$4.3M	$3.0M	10x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09528	−0.635%	$9K	$600	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−21.042%	—	—	—	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09544	−0.464%	$72K	—	150x	as long as short
Backpack XPL_USDC_PERP	+0.0012%	1h	0.09536	−0.547%	$173K	$190K	10x	as long as short
Orderly PERP_XPL_USDCshort	+0.0015%	4h	0.09535	−0.558%	$29K	$320K	10x
Paradex XPL-USD-PERP	+0.0064%	8h	0.09519	−0.722%	$12K	$696	5x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado XPL-PERP	+0.0100%	1h	0.09530	−0.610%	$1.2M	$2.4M	10x	as long as short
Hyperliquid XPL	+0.0100%	1h	0.09538	−0.531%	$60.2M	$46.4M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09531	−0.601%	$246K	$430K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09530	−0.610%	$218K	$47K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09521	−0.709%	$43.2M	$100.3M	75x	as long as short
Bybit XPLUSDT	+0.0100%	4h	0.09522	−0.693%	$45.1M	$54.3M	75x	as long as short
OKX XPL-USDT-SWAP	+0.0100%	4h	0.09527	−0.641%	$8.1M	$48.1M	50x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09565	−0.240%	$139K	$0	10x	as long as short
Gate XPL_USDT	+0.0100%	4h	0.09529	−0.620%	$3.0M	$3.4M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09523	−0.683%	$12.4M	$6.9M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09522	−0.693%	$2.3M	$1.4M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09532	−0.589%	$9.0M	$9.7M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09525	−0.662%	—	$7.8M	—	as long as short
Variational Omni XPL	+0.0100%	4h	0.09544	−0.459%	$1.7M	$1.9M	—	as long as short
GRVT XPL_USDT_Perplong	+0.0100%	4h	0.09588	long leg	$258K	$1.1M	10x
ApeX Omni XPLUSDT	+0.0100%	1h	0.09570	−0.193%	$25K	$77K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09543	−0.472%	$125K	$2.0M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09510	−0.819%	$3K	$1.7M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09530	−0.610%	$201	$12K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09532	−0.589%	$139K	$184K	20x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09522	−0.698%	$632K	$1.2M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09537	−0.540%	$28K	$18K	3x	as long as short
Phoenix XPL	+0.0251%	1h	0.09575	−0.141%	$194K	$536K	10x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09548	−0.422%	$1.7M	$943K	75x	as long as short
Coinbase International XPL-PERP-INTX	+0.0592%	1h	0.09640	+0.537%	$67K	$90K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.2905%	1h	0.09571	−0.185%	$544K	$988K	10x	as long as short