XPL

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0572%/8h= +62.6% APRnext payment +$0.71 per $10,000 · paid last 24h +0.154%

Price spread now: Coinbase International against Hyperliquid+0.040%7-day average +0.584% · you sell dearer than you buy

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

Long on Hyperliquid Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.079%−$8 on $10k

Price spread, last 3 days (all we have)+0.477%+$48 · spread now +0.040%, 7d avg +0.584%

Together, before fees+0.398%+ Points / potential airdropHyperliquid: Season 2 · farm board+$40 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.544% cheaper against Hyperliquid than usual: you would sell low and buy high (spread +0.040% now, against its 7-day average of +0.584%). If the spread goes back, that is −$54 on $10k: about 3.2 days of funding at the current rate (+$17 a day). Mind the row above: over the last 7 days funding on this pair cost −0.079%, 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 7 days it paid -0.079% in total (about -4.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.71 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	Hyperliquid XPL	0.09666	0.0100	pay 0.0013% / 1h	22m 12s	$60.6M	$48.2M	10x
Short	Coinbase International XPL-PERP-INTX	0.09670	0.0672	get 0.0084% / 1h	22m 12s	$75K	$93K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Hyperliquid. 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 HyperliquidbpFee Coinbase InternationalbpOrdersPrice spread, now +0.040%Rate

Funding earned: $120.12
Price spread: +0.040% → +0.584%: −$54.36
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $46.76
Costs to cover: 0.190%
Break-even: 4.3 days

Slippage unknown: Hyperliquid: live order book, 11 min ago; Coinbase International: 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 Hyperliquid live order book, 11 min ago	1.40 bp	9.5 bp −$10	doesn't fit	doesn't fit	doesn't fit
Sell Coinbase International no order-book sample	—	—	—	—	—

Coinbase International: 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	0.09654	−0.125%	$561	$708	5x	as long as short
Backpack XPL_USDC_PERP	−0.0338%	1h	0.09660	−0.063%	$182K	$231K	10x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0260% / S +0.0583%	1h	0.09656	−0.101%	$106K	—	100x	as long as short
Bybit XPLUSDT	−0.0043%	4h	0.09638	−0.291%	$45.7M	$56.7M	75x	as long as short
Orderly PERP_XPL_USDC	0.0000%	4h	0.09653	−0.136%	$29K	$335K	10x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09659	−0.073%	$8K	—	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−21.678%	—	—	—	as long as short
Deribit XPL_USDC-PERPETUAL	0.0000%	1h	0.09658	−0.084%	$46K	$18K	25x	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09658	−0.088%	$73K	—	150x	as long as short
OKX XPL-USDT-SWAP	+0.0059%	4h	0.09645	−0.218%	$8.3M	$52.8M	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	+0.0065%	8h	0.09667	+0.009%	$13K	$2K	5x	as long as short
Lighter XPL	+0.0096%	1h	0.09646	−0.208%	$4.4M	$4.2M	10x	as long as short
Gate XPL_USDT	+0.0096%	4h	0.09658	−0.084%	$3.0M	$3.8M	75x	as long as short
Nado XPL-PERP	+0.0100%	1h	0.09652	−0.148%	$1.2M	$2.8M	10x	as long as short
Hyperliquid XPLlong	+0.0100%	1h	0.09666	long leg	$60.6M	$48.2M	10x
Aster XPLUSDT	+0.0100%	4h	0.09660	−0.063%	$245K	$497K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09670	+0.040%	$221K	$48K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09652	−0.143%	$43.7M	$108.6M	75x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09610	−0.580%	$140K	$5K	10x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09654	−0.125%	$12.4M	$7.9M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09647	−0.198%	$2.3M	$1.5M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09661	−0.053%	$8.6M	$11.1M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09651	−0.156%	—	$8.0M	—	as long as short
Variational Omni XPL	+0.0100%	4h	0.09583	−0.865%	$1.7M	$1.8M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09583	−0.858%	$259K	$922K	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09630	−0.373%	$25K	$83K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09666	0.000%	$128K	$2.6M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09640	−0.270%	$3K	$1.9M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09650	−0.167%	$2K	$11K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09649	−0.177%	$145K	$263K	20x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09653	−0.136%	$636K	$1.1M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09655	−0.115%	$29K	$18K	3x	as long as short
Phoenix XPL	+0.0248%	1h	0.09610	−0.580%	$195K	$629K	10x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09657	−0.094%	$1.7M	$1.0M	75x	as long as short
Coinbase International XPL-PERP-INTXshort	+0.0672%	1h	0.09670	+0.040%	$75K	$93K	50x
Kraken Futures PF_XPLUSD	+0.3546%	1h	0.09694	+0.288%	$550K	$1.0M	10x	as long as short