XPL

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.00 per $10,000 · paid last 24h −0.047%

Price spread now: Extended against Hyperliquid−0.217%7-day average −0.146% · you buy dearer than you sell

Net, funding: paid 7d − costs−$51as in the Funding arb table

Net, price: spread back to 7d avg − costs−$46as in the Price arb table

costs, in and out, $10k−$390.391% of the position

Long on Hyperliquid Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.115%−$11 on $10k

Price spread, last 7 days+0.142%+$14 · spread now −0.217%, 7d avg −0.146%

Together, before fees+0.027%+ Points / potential airdropHyperliquid: Season 2 · Extended: Active · farm board+$3 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Extended is 0.071% cheaper against Hyperliquid than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of −0.146%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid XPL	0.09653	0.0100	pay 0.0013% / 1h	31m 52s	$60.8M	$46.8M	10x
Short	Extended XPL-USD	0.09632	0.0104	get 0.0013% / 1h	31m 52s	$649K	$1.1M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.217%Rate

Funding earned: $0.84
Price spread: −0.217% → −0.146%: −$7.09
Slippage, 4 orders: −$25.07
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$45.32
Costs to cover: 0.391%
Break-even: 384.7 days

Slippage from Hyperliquid: live order book, 12 min ago; Extended: live order book, 1 min ago.

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, 12 min ago	0.73 bp	8.2 bp −$8	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 1 min ago	1.56 bp	7.0 bp −$7	19.6 bp −$196	doesn't fit	doesn't fit

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	−0.0400%	1h	0.09622	−0.320%	$559	$708	5x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0303% / S +0.0610%	1h	0.09633	−0.205%	$106K	—	100x	as long as short
Deribit XPL_USDC-PERPETUAL	−0.0269%	1h	0.09630	−0.237%	$46K	$18K	25x	as long as short
Bybit XPLUSDT	−0.0112%	4h	0.09649	−0.040%	$45.7M	$54.8M	75x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09625	−0.292%	$8K	—	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−21.571%	—	—	—	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0005%	1h	0.09633	−0.205%	$77K	—	150x	as long as short
Orderly PERP_XPL_USDC	+0.0012%	4h	0.09628	−0.258%	$29K	$339K	10x	as long as short
Paradex XPL-USD-PERP	+0.0077%	8h	0.09625	−0.288%	$13K	$2K	5x	as long as short
Lighter XPL	+0.0096%	1h	0.09630	−0.237%	$4.4M	$3.3M	10x	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	0.09622	−0.315%	$1.2M	$2.7M	10x	as long as short
Hyperliquid XPLlong	+0.0100%	1h	0.09653	long leg	$60.8M	$46.8M	10x
Aster XPLUSDT	+0.0100%	4h	0.09641	−0.127%	$242K	$460K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09630	−0.237%	$220K	$46K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09647	−0.061%	$43.8M	$103.1M	75x	as long as short
OKX XPL-USDT-SWAP	+0.0100%	4h	0.09652	−0.009%	$8.3M	$49.7M	50x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09550	−1.066%	$139K	$5K	10x	as long as short
Gate XPL_USDT	+0.0100%	4h	0.09643	−0.103%	$3.0M	$3.6M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09635	−0.185%	$12.3M	$7.7M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09624	−0.299%	$2.3M	$1.4M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09645	−0.082%	$8.6M	$10.1M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09647	−0.061%	—	$7.9M	—	as long as short
Backpack XPL_USDC_PERP	+0.0100%	1h	0.09640	−0.134%	$179K	$221K	10x	as long as short
Variational Omni XPL	+0.0100%	4h	0.09520	−1.379%	$1.7M	$1.9M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09551	−1.057%	$259K	$975K	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09570	−0.859%	$25K	$78K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09642	−0.117%	$128K	$2.0M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09620	−0.341%	$3K	$1.8M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09640	−0.134%	$194	$12K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09627	−0.268%	$141K	$208K	20x	as long as short
Extended XPL-USDshort	+0.0104%	1h	0.09632	−0.217%	$649K	$1.1M	25x
Aevo XPL-PERP	+0.0104%	1h	0.09635	−0.185%	$29K	$18K	3x	as long as short
Phoenix XPL	+0.0334%	1h	0.09585	−0.703%	$194K	$617K	10x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09619	−0.351%	$1.7M	$983K	75x	as long as short
Coinbase International XPL-PERP-INTX	+0.0616%	1h	0.09571	−0.848%	$74K	$86K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.3299%	1h	0.09668	+0.161%	$548K	$975K	10x	as long as short