XPL

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0364%/8h= +39.9% APRnext payment +$0.46 per $10,000 · paid last 24h +0.149%

Price spread now: Pacifica against Lighter+0.127%7-day average +0.090% · you sell dearer than you buy

Net, funding: paid 7d − costs−$13as in the Funding arb table

Net, price: spread back to 7d avg − costs−$62as in the Price arb table

costs, in and out, $10k−$660.660% of the position

Long on Lighter Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.535%+$53 on $10k

Price spread, last 4 days (all we have)−0.066%−$7 · spread now +0.127%, 7d avg +0.090%

Together, before fees+0.469%+ Points / potential airdropLighter: Season 3 · Pacifica: Active · farm board+$47 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and Pacifica is 0.037% dearer against Lighter than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.090%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter XPL	0.09763	−0.0264	get 0.0033% / 1h	42m 26s	$4.4M	$4.2M	10x
Short	Pacifica XPL	0.09775	0.0100	get 0.0013% / 1h	42m 26s	$222K	$46K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now +0.127%Rate

Funding earned: $76.44
Price spread: +0.127% → +0.090%: $3.67
Slippage, 4 orders: −$58.02
Fee Lighter: 0 bp × 2 orders: $0
Fee Pacifica: 4 bp × 2 orders: −$8
Net: $14.09
Costs to cover: 0.660%
Break-even: 5.7 days

Slippage from Lighter: live order book, 5 min ago; Pacifica: live order book, 31 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 Lighter live order book, 5 min ago	3.09 bp	14.6 bp −$15	30.6 bp −$306	doesn't fit	doesn't fit
Sell Pacifica live order book, 31 min ago	15.44 bp	25.4 bp −$25	doesn't fit	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
Backpack XPL_USDC_PERP	−0.0323%	1h	0.09767	+0.041%	$181K	$282K	10x	as long as short
Lighter XPLlong	−0.0264%	1h	0.09763	long leg	$4.4M	$4.2M	10x
01 Exchange XPLUSD	−0.0192%	1h	0.09784	+0.215%	$569	$708	5x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0158% / S +0.0537%	1h	0.09771	+0.086%	$113K	—	100x	as long as short
Deribit XPL_USDC-PERPETUAL	−0.0057%	1h	0.09768	+0.051%	$47K	$18K	25x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09768	+0.056%	$8K	—	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07570	−22.458%	—	—	—	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0003%	1h	0.09770	+0.072%	$76K	—	150x	as long as short
Orderly PERP_XPL_USDC	+0.0030%	4h	0.09769	+0.061%	$29K	$335K	10x	as long as short
Paradex XPL-USD-PERP	+0.0032%	8h	0.09779	+0.166%	$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
Hyperliquid XPL	+0.0100%	1h	0.09800	+0.375%	$63.2M	$47.5M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09775	+0.119%	$253K	$533K	20x	as long as short
Pacifica XPLshort	+0.0100%	1h	0.09775	+0.127%	$222K	$46K	10x
Binance XPLUSDT	+0.0100%	4h	0.09781	+0.187%	$44.7M	$108.7M	75x	as long as short
Bybit XPLUSDT	+0.0100%	4h	0.09779	+0.164%	$47.4M	$55.8M	75x	as long as short
OKX XPL-USDT-SWAP	+0.0100%	4h	0.09776	+0.133%	$8.6M	$55.2M	50x	as long as short
Gate XPL_USDT	+0.0100%	4h	0.09780	+0.174%	$3.0M	$4.0M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09773	+0.102%	$12.9M	$7.6M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09768	+0.051%	$2.4M	$1.5M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09784	+0.215%	$8.7M	$11.1M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09779	+0.164%	—	$7.9M	—	as long as short
Variational Omni XPL	+0.0100%	4h	0.09735	−0.287%	$1.6M	$1.9M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09743	−0.206%	$266K	$827K	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09740	−0.236%	$25K	$87K	50x	as long as short
Nado XPL-PERP	+0.0100%	1h	0.09781	+0.184%	$1.4M	$2.6M	10x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09792	+0.295%	$131K	$2.7M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09740	−0.236%	$3K	$2.0M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09770	+0.072%	$193	$10K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09754	−0.092%	$141K	$241K	20x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09720	−0.438%	$142K	$2K	10x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09777	+0.143%	$658K	$1.1M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09770	+0.068%	$29K	$18K	3x	as long as short
Phoenix XPL	+0.0163%	1h	0.09753	−0.102%	$197K	$655K	10x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09763	0.000%	$1.7M	$1.2M	75x	as long as short
Coinbase International XPL-PERP-INTX	+0.0376%	1h	0.09815	+0.533%	$72K	$97K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.5068%	1h	0.09816	+0.545%	$569K	$1.0M	10x	as long as short