XPL

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.3088%/8h= −338.2% APRnext payment −$3.86 per $10,000 · paid last 24h −0.610%

Price spread now: Deribit against Kraken Futures−0.298%7-day average — · you buy dearer than you sell

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

Long on Kraken Futures Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$93 a day on $10k at the current rate, and Deribit is 0.298% cheaper against Kraken Futures than usual: you would sell low and buy high (−$30 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	Kraken Futures PF_XPLUSD	0.09752	0.3088	pay 0.0386% / 1h	30m 33s	$555K	$990K	10x
Short	Deribit XPL_USDC-PERPETUAL	0.09723	0	get 0.0000% / 1h	30m 33s	$47K	$18K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now −0.298%Rate

Funding earned: −$648.57
Price spread: −0.298% → 0.000%: −$29.79
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$695.37
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Kraken Futures: live order book, 18 min ago; Deribit: 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, 18 min ago	27.78 bp	32.8 bp −$33	635.2 bp −$6,352	doesn't fit	doesn't fit
Sell Deribit no order-book sample	—	—	—	—	—

Deribit: 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	−0.0376%	1h	0.09696	−0.575%	$564	$708	5x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0304% / S +0.0610%	1h	0.09718	−0.351%	$107K	—	100x	as long as short
Backpack XPL_USDC_PERP	−0.0072%	1h	0.09725	−0.277%	$177K	$189K	10x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09700	−0.531%	$9K	$585	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−22.366%	—	—	—	as long as short
Deribit XPL_USDC-PERPETUALshort	0.0000%	1h	0.09723	−0.298%	$47K	$18K	25x
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09719	−0.342%	$73K	—	150x	as long as short
Orderly PERP_XPL_USDC	+0.0011%	4h	0.09717	−0.359%	$29K	$339K	10x	as long as short
Paradex XPL-USD-PERP	+0.0047%	8h	0.09679	−0.753%	$13K	$2K	5x	as long as short
Lighter XPL	+0.0096%	1h	0.09690	−0.636%	$4.4M	$3.0M	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit XPLUSDT	+0.0098%	4h	0.09696	−0.575%	$45.9M	$54.2M	75x	as long as short
Nado XPL-PERP	+0.0100%	1h	0.09703	−0.508%	$1.2M	$2.4M	10x	as long as short
Hyperliquid XPL	+0.0100%	1h	0.09713	−0.396%	$61.6M	$46.7M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09708	−0.448%	$253K	$424K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09702	−0.516%	$221K	$46K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09695	−0.582%	$44.0M	$101.3M	75x	as long as short
OKX XPL-USDT-SWAP	+0.0100%	4h	0.09696	−0.575%	$8.2M	$49.0M	50x	as long as short
Gate XPL_USDT	+0.0100%	4h	0.09700	−0.534%	$3.1M	$3.5M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09698	−0.554%	$12.8M	$7.0M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09701	−0.524%	$2.3M	$1.4M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09705	−0.483%	$8.9M	$9.6M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09696	−0.575%	—	$7.8M	—	as long as short
Variational Omni XPL	+0.0100%	4h	0.09720	−0.331%	$1.7M	$1.9M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09683	−0.709%	$256K	$1.0M	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09710	−0.431%	$25K	$78K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09715	−0.378%	$129K	$2.0M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09690	−0.636%	$3K	$1.7M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09720	−0.329%	$206	$12K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09687	−0.667%	$142K	$192K	20x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09680	−0.739%	$141K	$5K	10x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09694	−0.594%	$657K	$1.1M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09720	−0.329%	$29K	$18K	3x	as long as short
Phoenix XPL	+0.0248%	1h	0.09709	−0.441%	$197K	$573K	10x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09706	−0.472%	$1.7M	$968K	75x	as long as short
Coinbase International XPL-PERP-INTX	+0.0640%	1h	0.09722	−0.308%	$75K	$76K	50x	as long as short
Kraken Futures PF_XPLUSDlong	+0.3088%	1h	0.09752	long leg	$555K	$990K	10x