XPL

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0098%/8h= −10.7% APRnext payment −$0.12 per $10,000 · paid last 24h −0.077%

Price spread now: gTrade (Gains Network) against Hyperliquid−0.645%7-day average — · you buy dearer than you sell

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

Long on Hyperliquid Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and gTrade (Gains Network) is 0.645% cheaper against Hyperliquid than usual: you would sell low and buy high (−$64 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid XPL	0.09679	0.0100	pay 0.0013% / 1h	55m 20s	$62.5M	$47.6M	10x
Short	gTrade (Gains Network) XPL/USD	0.09616	L +0.0005% / S −0.0002%	get 0.0000% / 1h	55m 20s	$70K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now −0.645%Rate

Funding earned: −$20.54
Price spread: −0.645% → 0.000%: −$64.48
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$104.02
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Hyperliquid: live order book, 8 min ago; gTrade (Gains Network): 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, 8 min ago	1.12 bp	6.7 bp −$7	doesn't fit	doesn't fit	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): 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	−0.0472%	1h	0.09691	+0.127%	$46K	$18K	25x	as long as short
01 Exchange XPLUSD	−0.0280%	1h	0.09672	−0.069%	$562	$708	5x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0182% / S +0.0552%	1h	0.09618	−0.625%	$111K	—	100x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09703	+0.252%	$8K	—	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−21.781%	—	—	—	as long as short
gTrade (Gains Network) XPL/USDshort	L +0.0005% / S −0.0002%	1h	0.09616	−0.645%	$70K	—	150x
Lighter XPL	+0.0008%	1h	0.09690	+0.117%	$4.4M	$4.1M	10x	as long as short
Orderly PERP_XPL_USDC	+0.0011%	4h	0.09611	−0.699%	$29K	$335K	10x	as long as short
OKX XPL-USDT-SWAP	+0.0047%	4h	0.09609	−0.720%	$8.5M	$55.1M	50x	as long as short
Paradex XPL-USD-PERP	+0.0049%	8h	0.09706	+0.278%	$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
Nado XPL-PERP	+0.0100%	1h	0.09590	−0.916%	$1.2M	$2.8M	10x	as long as short
Hyperliquid XPLlong	+0.0100%	1h	0.09679	long leg	$62.5M	$47.6M	10x
Aster XPLUSDT	+0.0100%	4h	0.09701	+0.226%	$256K	$554K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09705	+0.273%	$221K	$46K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09611	−0.699%	$43.9M	$109.8M	75x	as long as short
Bybit XPLUSDT	+0.0100%	4h	0.09608	−0.730%	$46.1M	$57.4M	75x	as long as short
Gate XPL_USDT	+0.0100%	4h	0.09609	−0.720%	$3.0M	$3.8M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09625	−0.555%	$12.8M	$7.8M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09689	+0.106%	$2.4M	$1.5M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09621	−0.596%	$8.6M	$11.4M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09609	−0.720%	—	$8.0M	—	as long as short
Backpack XPL_USDC_PERP	+0.0100%	1h	0.09686	+0.075%	$182K	$237K	10x	as long as short
Variational Omni XPL	+0.0100%	4h	0.09695	+0.168%	$1.7M	$1.9M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09750	+0.736%	$266K	$857K	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09780	+1.047%	$25K	$89K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09677	−0.012%	$129K	$2.7M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09680	+0.013%	$3K	$2.0M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09690	+0.117%	$487	$11K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09703	+0.251%	$141K	$247K	20x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09755	+0.788%	$142K	$2K	10x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09699	+0.212%	$656K	$1.1M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09597	−0.846%	$28K	$18K	3x	as long as short
Phoenix XPL	+0.0163%	1h	0.09794	+1.191%	$198K	$657K	10x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09751	+0.747%	$1.8M	$1.1M	75x	as long as short
Coinbase International XPL-PERP-INTX	+0.0496%	1h	0.09776	+1.005%	$77K	$100K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.4392%	1h	0.09740	+0.630%	$563K	$1.0M	10x	as long as short