XPL

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.3198%/8h= −350.1% APRnext payment −$4.00 per $10,000 · paid last 24h −0.518%

Price spread now: SoDEX against Kraken Futures−0.450%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 SoDEX

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 −$96 a day on $10k at the current rate, and SoDEX is 0.450% cheaper against Kraken Futures than usual: you would sell low and buy high (−$45 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	0.09673	0.3298	pay 0.0412% / 1h	22m 39s	$548K	$975K	10x
Short	SoDEX XPL-USD	0.09630	0.0100	get 0.0013% / 1h	22m 39s	$197	$12K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.450%Rate

Funding earned: −$671.52
Price spread: −0.450% → 0.000%: −$44.95
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$734.47
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Kraken Futures: live order book, 31 min ago; SoDEX: 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, 31 min ago	29.70 bp	36.0 bp −$36	379.0 bp −$3,790	doesn't fit	doesn't fit
Sell SoDEX no order-book sample	—	—	—	—	—

SoDEX: 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	−0.0368%	1h	0.09627	−0.481%	$560	$708	5x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0311% / S +0.0614%	1h	0.09639	−0.353%	$106K	—	100x	as long as short
Deribit XPL_USDC-PERPETUAL	−0.0165%	1h	0.09634	−0.408%	$46K	$18K	25x	as long as short
Bybit XPLUSDT	−0.0089%	4h	0.09626	−0.491%	$45.6M	$54.7M	75x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09630	−0.453%	$9K	$585	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−21.738%	—	—	—	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09639	−0.359%	$73K	—	150x	as long as short
Backpack XPL_USDC_PERP	+0.0011%	1h	0.09634	−0.408%	$178K	$223K	10x	as long as short
Orderly PERP_XPL_USDC	+0.0013%	4h	0.09632	−0.429%	$29K	$339K	10x	as long as short
Paradex XPL-USD-PERP	+0.0081%	8h	0.09629	−0.462%	$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
Lighter XPL	+0.0096%	1h	0.09617	−0.584%	$4.4M	$3.3M	10x	as long as short
Nado XPL-PERP	+0.0100%	1h	0.09632	−0.426%	$1.2M	$2.6M	10x	as long as short
Hyperliquid XPL	+0.0100%	1h	0.09638	−0.367%	$60.8M	$46.7M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09633	−0.415%	$242K	$469K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09634	−0.412%	$220K	$46K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09631	−0.439%	$43.7M	$103.4M	75x	as long as short
OKX XPL-USDT-SWAP	+0.0100%	4h	0.09630	−0.450%	$8.3M	$49.5M	50x	as long as short
Gate XPL_USDT	+0.0100%	4h	0.09627	−0.481%	$3.0M	$3.6M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09624	−0.512%	$12.3M	$7.7M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09619	−0.563%	$2.3M	$1.4M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09636	−0.387%	$8.6M	$10.1M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09634	−0.408%	—	$7.9M	—	as long as short
Variational Omni XPL	+0.0100%	4h	0.09615	−0.607%	$1.7M	$1.9M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09612	−0.641%	$252K	$983K	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09640	−0.346%	$25K	$78K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09646	−0.287%	$124K	$2.0M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09610	−0.656%	$3K	$1.8M	20x	as long as short
SoDEX XPL-USDshort	+0.0100%	1h	0.09630	−0.450%	$197	$12K	10x
HTX XPL-USDT	+0.0100%	4h	0.09645	−0.294%	$141K	$206K	20x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09630	−0.450%	$140K	$5K	10x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09632	−0.428%	$653K	$1.1M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09631	−0.434%	$29K	$18K	3x	as long as short
Phoenix XPL	+0.0334%	1h	0.09626	−0.491%	$195K	$617K	10x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09635	−0.398%	$1.7M	$985K	75x	as long as short
Coinbase International XPL-PERP-INTX	+0.0616%	1h	0.09676	+0.026%	$75K	$87K	50x	as long as short
Kraken Futures PF_XPLUSDlong	+0.3298%	1h	0.09673	long leg	$548K	$975K	10x