XPL

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0024%/8h= −2.6% APRnext payment −$0.03 per $10,000 · paid last 24h +0.115%

Price spread now: dYdX against Lighter+0.138%7-day average — · you sell dearer than you buy

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

Long on Lighter Short on dYdX

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—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

The price spread pays, funding is against you. dYdX is 0.138% dearer against Lighter than usual: you sell high and buy low (spread +0.138% now, against zero (this spread has no 7-day history yet)): +$14 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 19 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter XPL	0.09570	0.0024	pay 0.0003% / 1h	39m 05s	$4.3M	$4.2M	10x
Short	dYdX XPL-USD	0.09583	0	get 0.0000% / 1h	39m 05s	$8K	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Lighter. 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 LighterbpFee dYdXbpOrdersPrice spread, now +0.138%Rate

Funding earned: −$5.04
Price spread: +0.138% → 0.000%: $13.77
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$1.27
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Lighter: live order book, 9 min ago; dYdX: 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 Lighter live order book, 9 min ago	4.72 bp	16.4 bp −$16	42.3 bp −$423	doesn't fit	doesn't fit
Sell dYdX no order-book sample	—	—	—	—	—

dYdX: 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
Backpack XPL_USDC_PERP	−0.0609%	1h	0.09584	+0.146%	$180K	$242K	10x	as long as short
01 Exchange XPLUSD	−0.0432%	1h	0.09571	+0.010%	$556	$708	5x	as long as short
Deribit XPL_USDC-PERPETUAL	−0.0272%	1h	0.09577	+0.073%	$46K	$18K	25x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0248% / S +0.0576%	1h	0.09580	+0.109%	$105K	—	100x	as long as short
Orderly PERP_XPL_USDC	−0.0005%	4h	0.09572	+0.021%	$29K	$335K	10x	as long as short
dYdX XPL-USDshort	0.0000%	1h	0.09583	+0.138%	$8K	—	5x
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−20.891%	—	—	—	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09581	+0.120%	$72K	—	150x	as long as short
Lighter XPLlong	+0.0024%	1h	0.09570	long leg	$4.3M	$4.2M	10x
OKX XPL-USDT-SWAP	+0.0033%	4h	0.09581	+0.115%	$8.2M	$53.0M	50x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex XPL-USD-PERP	+0.0053%	8h	0.09577	+0.078%	$12K	$2K	5x	as long as short
Gate XPL_USDT	+0.0080%	4h	0.09579	+0.094%	$2.9M	$3.7M	75x	as long as short
Nado XPL-PERP	+0.0100%	1h	0.09578	+0.086%	$1.2M	$2.8M	10x	as long as short
Hyperliquid XPL	+0.0100%	1h	0.09594	+0.254%	$60.3M	$48.1M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09582	+0.125%	$243K	$501K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09586	+0.168%	$219K	$48K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09583	+0.132%	$43.3M	$108.7M	75x	as long as short
Bybit XPLUSDT	+0.0100%	4h	0.09573	+0.031%	$45.4M	$56.7M	75x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09540	−0.313%	$139K	$7K	10x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09576	+0.063%	$12.3M	$7.9M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09579	+0.094%	$2.3M	$1.5M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09587	+0.178%	$8.5M	$11.1M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09582	+0.125%	—	$8.0M	—	as long as short
Variational Omni XPL	+0.0100%	4h	0.09587	+0.174%	$1.7M	$1.8M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09616	+0.479%	$260K	$901K	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09620	+0.522%	$25K	$83K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09589	+0.194%	$127K	$2.6M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09560	−0.104%	$3K	$1.9M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09580	+0.104%	$2K	$11K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09580	+0.104%	$144K	$264K	20x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09572	+0.020%	$633K	$1.1M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09572	+0.024%	$28K	$18K	3x	as long as short
Phoenix XPL	+0.0248%	1h	0.09608	+0.397%	$195K	$629K	10x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09576	+0.063%	$1.7M	$1.0M	75x	as long as short
Coinbase International XPL-PERP-INTX	+0.0672%	1h	0.09640	+0.731%	$74K	$93K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.3573%	1h	0.09620	+0.521%	$546K	$1.0M	10x	as long as short