XPL

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0060%/8h= −6.6% APRnext payment −$0.30 per $10,000 · paid last 24h 0.000%

Price spread now: Gate against KuCoin−0.041%7-day average +0.004% · you buy dearer than you sell

Net, funding: paid 7d − costs−$136as in the Funding arb table

Net, price: spread back to 7d avg − costs−$120as in the Price arb table

costs, in and out, $10k−$1151.152% of the position

Long on KuCoin Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.208%−$21 on $10k

Price spread, last 7 days+0.023%+$2 · spread now −0.041%, 7d avg +0.004%

Together, before fees−0.185%−$18 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Gate is 0.045% cheaper against KuCoin than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.004%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin XPLUSDTM	0.09774	0.0100	pay 0.0050% / 4h	5m 29s	$2.4M	$1.5M	50x
Short	Gate XPL_USDT	0.09770	0.0040	get 0.0020% / 4h	5m 29s	$3.1M	$4.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.041%Rate

Funding earned: −$12.6
Price spread: −0.041% → +0.004%: −$4.49
Slippage, 4 orders: −$88.23
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$132.32
Costs to cover: 1.152%
Break-even: never at this rate

Slippage from KuCoin: live order book, 1 min ago; Gate: live order book, 3 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, 1 min ago	11.27 bp	25.4 bp −$25	123.8 bp −$1,238	doesn't fit	doesn't fit
Sell Gate live order book, 3 min ago	2.05 bp	26.1 bp −$26	156.8 bp −$1,568	doesn't fit	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
Lighter XPL	−0.0536%	1h	0.09753	−0.215%	$4.4M	$4.2M	10x	as long as short
01 Exchange XPLUSD	−0.0376%	1h	0.09767	−0.072%	$568	$708	5x	as long as short
Deribit XPL_USDC-PERPETUAL	−0.0262%	1h	0.09765	−0.092%	$47K	$18K	25x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0147% / S +0.0529%	1h	0.09767	−0.068%	$112K	—	100x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09771	−0.035%	$8K	—	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07570	−22.545%	—	—	—	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0003%	1h	0.09778	+0.044%	$76K	—	150x	as long as short
Paradex XPL-USD-PERP	+0.0011%	8h	0.09770	−0.045%	$13K	$2K	5x	as long as short
Orderly PERP_XPL_USDC	+0.0037%	4h	0.09760	−0.143%	$29K	$335K	10x	as long as short
Gate XPL_USDTshort	+0.0040%	4h	0.09770	−0.041%	$3.1M	$4.1M	75x

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado XPL-PERP	+0.0100%	1h	0.09766	−0.082%	$1.4M	$2.6M	10x	as long as short
Hyperliquid XPL	+0.0100%	1h	0.09789	+0.150%	$63.1M	$48.1M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09771	−0.033%	$253K	$527K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09772	−0.016%	$222K	$46K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09772	−0.020%	$44.6M	$108.7M	75x	as long as short
Bybit XPLUSDT	+0.0100%	4h	0.09773	−0.010%	$47.4M	$55.7M	75x	as long as short
OKX XPL-USDT-SWAP	+0.0100%	4h	0.09772	−0.020%	$8.7M	$55.0M	50x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09760	−0.143%	$142K	$9K	10x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09773	−0.010%	$12.8M	$7.7M	100x	as long as short
KuCoin XPLUSDTMlong	+0.0100%	4h	0.09774	long leg	$2.4M	$1.5M	50x
Bitget XPLUSDT	+0.0100%	4h	0.09780	+0.061%	$8.7M	$11.1M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09766	−0.082%	—	$7.9M	—	as long as short
Backpack XPL_USDC_PERP	+0.0100%	1h	0.09771	−0.031%	$181K	$282K	10x	as long as short
Variational Omni XPL	+0.0100%	4h	0.09760	−0.141%	$1.6M	$1.9M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09750	−0.246%	$258K	$814K	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09770	−0.041%	$25K	$88K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09786	+0.119%	$131K	$2.7M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09740	−0.348%	$3K	$2.0M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09760	−0.143%	$200	$10K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09755	−0.194%	$141K	$242K	20x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09764	−0.101%	$657K	$1.1M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09770	−0.041%	$38K	$5K	3x	as long as short
Phoenix XPL	+0.0327%	1h	0.09782	+0.082%	$198K	$651K	10x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09746	−0.286%	$1.8M	$1.2M	75x	as long as short
Coinbase International XPL-PERP-INTX	+0.0568%	1h	0.09735	−0.399%	$72K	$96K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.5088%	1h	0.09812	+0.385%	$566K	$1.0M	10x	as long as short