XPL

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.2303%/8h= −252.2% APRnext payment −$2.88 per $10,000 · paid last 24h −0.392%

Price spread now: Coinbase International against Kraken Futures+0.384%7-day average — · you sell dearer than you buy

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

Long on Kraken Futures Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.329%−$33 on $10k

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

Together, before fees—needs both histories

The price spread pays, funding is against you. Coinbase International is 0.384% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.384% now, against zero (this spread has no 7-day history yet)): +$38 on $10k if it goes back. Holding the pair costs −$69 a day in funding at the current rate, which eats that in about 13 hours. At the pace of the last 7 days (−0.329% in total) that is about 8.2 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.329% in total (about -17.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.88 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	Kraken Futures PF_XPLUSD	0.09603	0.2895	pay 0.0362% / 1h	36m 54s	$546K	$989K	10x
Short	Coinbase International XPL-PERP-INTX	0.09640	0.0592	get 0.0074% / 1h	36m 54s	$67K	$90K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Kraken Futures. 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 Kraken FuturesbpFee Coinbase InternationalbpOrdersPrice spread, now +0.384%Rate

Funding earned: −$483.63
Price spread: +0.384% → 0.000%: $38.44
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$465.19
Costs to cover: 0.200%
Break-even: from the start

Slippage unknown: Kraken Futures: live order book, 6 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 Kraken Futures live order book, 6 min ago	11.46 bp	22.4 bp −$22	241.4 bp −$2,414	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	−0.0240%	1h	0.09561	−0.438%	$556	$708	5x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0234% / S +0.0570%	1h	0.09575	−0.297%	$106K	—	100x	as long as short
Deribit XPL_USDC-PERPETUAL	−0.0063%	1h	0.09578	−0.261%	$46K	$18K	25x	as long as short
Lighter XPL	0.0000%	1h	0.09567	−0.376%	$4.3M	$3.0M	10x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09565	−0.392%	$9K	$600	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−21.162%	—	—	—	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09575	−0.294%	$72K	—	150x	as long as short
Orderly PERP_XPL_USDC	+0.0014%	4h	0.09570	−0.345%	$29K	$320K	10x	as long as short
Paradex XPL-USD-PERP	+0.0065%	8h	0.09569	−0.357%	$12K	$696	5x	as long as short
Backpack XPL_USDC_PERP	+0.0079%	1h	0.09580	−0.240%	$174K	$190K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid XPL	+0.0100%	1h	0.09599	−0.047%	$60.6M	$46.4M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09585	−0.184%	$252K	$429K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09572	−0.328%	$219K	$47K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09581	−0.233%	$43.5M	$100.3M	75x	as long as short
Bybit XPLUSDT	+0.0100%	4h	0.09584	−0.199%	$45.4M	$54.3M	75x	as long as short
OKX XPL-USDT-SWAP	+0.0100%	4h	0.09587	−0.168%	$8.1M	$48.4M	50x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09565	−0.392%	$139K	$0	10x	as long as short
Gate XPL_USDT	+0.0100%	4h	0.09579	−0.251%	$3.0M	$3.4M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09580	−0.240%	$12.4M	$6.9M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09567	−0.376%	$2.3M	$1.4M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09593	−0.105%	$9.1M	$9.7M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09582	−0.220%	—	$7.8M	—	as long as short
Variational Omni XPL	+0.0100%	4h	0.09544	−0.611%	$1.7M	$1.9M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09540	−0.662%	$253K	$1.1M	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09540	−0.657%	$25K	$77K	50x	as long as short
Nado XPL-PERP	+0.0100%	1h	0.09570	−0.339%	$1.2M	$2.4M	10x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09579	−0.249%	$125K	$2.0M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09550	−0.553%	$3K	$1.7M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09580	−0.240%	$203	$12K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09559	−0.459%	$139K	$185K	20x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09579	−0.250%	$632K	$1.2M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09575	−0.292%	$28K	$18K	3x	as long as short
Phoenix XPL	+0.0251%	1h	0.09549	−0.563%	$193K	$536K	10x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09566	−0.386%	$1.7M	$944K	75x	as long as short
Coinbase International XPL-PERP-INTXshort	+0.0592%	1h	0.09640	+0.384%	$67K	$90K	50x
Kraken Futures PF_XPLUSDlong	+0.2895%	1h	0.09603	long leg	$546K	$989K	10x