XPL

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0240%/8h= +26.3% APRnext payment +$1.20 per $10,000 · paid last 24h +0.072%

Price spread now: BloFin against KuCoin−0.134%80s7-day average −0.053% · you buy dearer than you sell

Net, funding: paid 7d − costs−$56as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1001.001% of the position

Long on KuCoin Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.438%+$44 on $10k

Price spread, last 4 days (all we have)−0.025%−$2 · spread now −0.134%, 7d avg −0.053%

Together, before fees+0.413%+$41 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.081% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.134% now, against its 7-day average of −0.053%). If the spread goes back, that is −$8 on $10k: about 27 hours of funding at the current rate (+$7 a day). The two prices were read 80 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin XPLUSDTM	0.09704	0.0100	pay 0.0050% / 4h	3h 51m	$2.3M	$1.4M	50x
Short	BloFin XPL-USDT	0.09691	0.0340	get 0.0170% / 4h	3h 51m	$1.8M	$989K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against KuCoin. 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 KuCoinbpFee BloFinbpOrdersPrice spread, now −0.134%Rate

Funding earned: $50.4
Price spread: −0.134% → −0.053%: −$8.12
Slippage, 4 orders: −$76.09
Fee KuCoin: 6 bp × 2 orders: −$12
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$57.81
Costs to cover: 1.001%
Break-even: 15.0 days

Slippage from KuCoin: live order book, 5 min ago; BloFin: live order book, 6 min ago.

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 KuCoin live order book, 5 min ago	11.90 bp	36.3 bp −$36	180.9 bp −$1,809	doesn't fit	doesn't fit
Sell BloFin live order book, 6 min ago	0.52 bp	10.1 bp −$10	16.3 bp −$163	58.3 bp −$5,828	doesn't fit

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	−0.0448%	1h	0.09702	−0.021%	$564	$708	5x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0304% / S +0.0610%	1h	0.09707	+0.028%	$107K	—	100x	as long as short
Backpack XPL_USDC_PERP	−0.0060%	1h	0.09708	+0.041%	$179K	$199K	10x	as long as short
Deribit XPL_USDC-PERPETUAL	−0.0059%	1h	0.09703	−0.010%	$47K	$18K	25x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09701	−0.033%	$9K	$585	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−21.982%	—	—	—	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09707	+0.036%	$73K	—	150x	as long as short
Orderly PERP_XPL_USDC	+0.0017%	4h	0.09699	−0.052%	$29K	$339K	10x	as long as short
Paradex XPL-USD-PERP	+0.0056%	8h	0.09699	−0.047%	$13K	$2K	5x	as long as short
Lighter XPL	+0.0096%	1h	0.09696	−0.082%	$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
Nado XPL-PERP	+0.0100%	1h	0.09700	−0.036%	$1.2M	$2.6M	10x	as long as short
Hyperliquid XPL	+0.0100%	1h	0.09719	+0.156%	$61.3M	$46.7M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09710	+0.066%	$253K	$469K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09700	−0.041%	$221K	$46K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09702	−0.021%	$44.0M	$102.9M	75x	as long as short
Bybit XPLUSDT	+0.0100%	4h	0.09704	0.000%	$46.0M	$54.6M	75x	as long as short
OKX XPL-USDT-SWAP	+0.0100%	4h	0.09702	−0.021%	$8.3M	$49.7M	50x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09670	−0.351%	$141K	$5K	10x	as long as short
Gate XPL_USDT	+0.0100%	4h	0.09700	−0.041%	$3.0M	$3.4M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09703	−0.010%	$12.6M	$7.0M	100x	as long as short
KuCoin XPLUSDTMlong	+0.0100%	4h	0.09704	long leg	$2.3M	$1.4M	50x
Bitget XPLUSDT	+0.0100%	4h	0.09714	+0.103%	$8.8M	$10.0M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09702	−0.021%	—	$7.9M	—	as long as short
Variational Omni XPL	+0.0100%	4h	0.09661	−0.445%	$1.7M	$1.9M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09665	−0.402%	$260K	$1.0M	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09690	−0.144%	$25K	$78K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09714	+0.107%	$128K	$2.0M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09690	−0.144%	$3K	$1.8M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09700	−0.041%	$206	$12K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09693	−0.113%	$142K	$206K	20x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09700	−0.043%	$656K	$1.1M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09705	+0.014%	$29K	$18K	3x	as long as short
Phoenix XPL	+0.0248%	1h	0.09681	−0.237%	$196K	$573K	10x	as long as short
BloFin XPL-USDTshort	+0.0340%	4h	0.09691	−0.134%	$1.8M	$989K	75x
Coinbase International XPL-PERP-INTX	+0.0640%	1h	0.09734	+0.309%	$75K	$85K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.3092%	1h	0.09740	+0.367%	$552K	$974K	10x	as long as short