XPL

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.2849%/8h= −312.0% APRnext payment −$3.56 per $10,000 · paid last 24h −0.654%

Price spread now: gTrade (Gains Network) against Kraken Futures−0.278%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 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—needs both histories

Both sides work against this trade now: funding costs −$85 a day on $10k at the current rate, and gTrade (Gains Network) is 0.278% cheaper against Kraken Futures than usual: you would sell low and buy high (−$28 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	0.09597	0.2853	pay 0.0357% / 1h	30m 33s	$544K	$933K	10x
Short	gTrade (Gains Network) XPL/USD	0.09570	L +0.0005% / S −0.0004%	get 0.0000% / 1h	30m 33s	$72K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now −0.278%Rate

Funding earned: −$598.31
Price spread: −0.278% → 0.000%: −$27.79
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$646.1
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Kraken Futures: 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 Kraken Futures live order book, 8 min ago	18.68 bp	25.0 bp −$25	247.1 bp −$2,471	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
Lighter XPL	−0.1160%	1h	0.09552	−0.466%	$4.3M	$3.2M	10x	as long as short
01 Exchange XPLUSD	−0.0368%	1h	0.09562	−0.361%	$638	$790	5x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0313% / S +0.0615%	1h	0.09577	−0.203%	$106K	—	100x	as long as short
Deribit XPL_USDC-PERPETUAL	−0.0168%	1h	0.09569	−0.288%	$46K	$18K	25x	as long as short
Orderly PERP_XPL_USDC	−0.0004%	4h	0.09569	−0.288%	$30K	$266K	10x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09573	−0.250%	$9K	$600	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−21.112%	—	—	—	as long as short
gTrade (Gains Network) XPL/USDshort	L +0.0005% / S −0.0004%	1h	0.09570	−0.278%	$72K	—	150x
Paradex XPL-USD-PERP	+0.0058%	8h	0.09564	−0.342%	$12K	$696	5x	as long as short
Extended XPL-USD	+0.0096%	1h	0.09564	−0.336%	$602K	$1.2M	25x	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	0.09569	−0.288%	$1.2M	$2.2M	10x	as long as short
Hyperliquid XPL	+0.0100%	1h	0.09580	−0.172%	$60.5M	$46.2M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09576	−0.214%	$253K	$415K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09574	−0.235%	$219K	$46K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09568	−0.299%	$43.3M	$97.1M	75x	as long as short
Bybit XPLUSDT	+0.0100%	4h	0.09565	−0.330%	$45.6M	$53.2M	75x	as long as short
OKX XPL-USDT-SWAP	+0.0100%	4h	0.09572	−0.257%	$7.9M	$47.7M	50x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09565	−0.330%	$139K	$0	10x	as long as short
Gate XPL_USDT	+0.0100%	4h	0.09570	−0.278%	$3.0M	$3.4M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09566	−0.320%	$12.5M	$6.8M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09560	−0.382%	$2.3M	$1.3M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09576	−0.215%	$8.8M	$9.6M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09567	−0.309%	—	$7.8M	—	as long as short
Backpack XPL_USDC_PERP	+0.0100%	1h	0.09571	−0.268%	$176K	$188K	10x	as long as short
Variational Omni XPL	+0.0100%	4h	0.09566	−0.321%	$1.7M	$1.9M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09571	−0.272%	$260K	$1.2M	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09590	−0.070%	$25K	$77K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09583	−0.147%	$125K	$1.8M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09550	−0.486%	$2K	$1.6M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09560	−0.382%	$198	$9K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09559	−0.393%	$132K	$213K	20x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09560	−0.382%	$28K	$18K	3x	as long as short
Phoenix XPL	+0.0248%	1h	0.09577	−0.205%	$194K	$506K	10x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09573	−0.247%	$1.7M	$933K	75x	as long as short
Coinbase International XPL-PERP-INTX	+0.0664%	1h	0.09718	+1.264%	$66K	$92K	50x	as long as short
Kraken Futures PF_XPLUSDlong	+0.2853%	1h	0.09597	long leg	$544K	$933K	10x