XPL

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0548%/8h= +60.0% APRnext payment +$0.68 per $10,000 · paid last 24h +0.147%

Price spread now: SoDEX against Lighter+0.123%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 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—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$16 a day on $10k at the current rate, and SoDEX is 0.123% dearer against Lighter than usual: you sell high and buy low: +$12 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter XPL	0.09788	−0.0448	get 0.0056% / 1h	47m 59s	$4.4M	$4.1M	10x
Short	SoDEX XPL-USD	0.09800	0.0100	get 0.0013% / 1h	47m 59s	$449	$10K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now +0.123%Rate

Funding earned: $115.08
Price spread: +0.123% → 0.000%: $12.26
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee SoDEX: 4 bp × 2 orders: −$8
Net: $119.34
Costs to cover: 0.080%
Break-even: from the start

Slippage unknown: Lighter: live order book, 5 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 Lighter live order book, 5 min ago	3.57 bp	9.5 bp −$9	33.9 bp −$339	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
Lighter XPLlong	−0.0448%	1h	0.09788	long leg	$4.4M	$4.1M	10x
Deribit XPL_USDC-PERPETUAL	−0.0260%	1h	0.09800	+0.123%	$47K	$18K	25x	as long as short
01 Exchange XPLUSD	−0.0248%	1h	0.09797	+0.092%	$570	$708	5x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0126% / S +0.0516%	1h	0.09804	+0.160%	$113K	—	100x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09809	+0.212%	$8K	—	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07570	−22.657%	—	—	—	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09803	+0.156%	$72K	—	150x	as long as short
Orderly PERP_XPL_USDC	+0.0064%	4h	0.09799	+0.112%	$29K	$335K	10x	as long as short
Paradex XPL-USD-PERP	+0.0080%	8h	0.09797	+0.087%	$13K	$2K	5x	as long as short
Nado XPL-PERP	+0.0100%	1h	0.09804	+0.169%	$1.4M	$2.6M	10x	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	0.09815	+0.273%	$63.4M	$47.9M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09804	+0.167%	$254K	$527K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09811	+0.232%	$223K	$46K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09795	+0.075%	$44.5M	$107.8M	75x	as long as short
Bybit XPLUSDT	+0.0100%	4h	0.09797	+0.092%	$48.0M	$55.0M	75x	as long as short
OKX XPL-USDT-SWAP	+0.0100%	4h	0.09794	+0.061%	$8.9M	$54.5M	50x	as long as short
Gate XPL_USDT	+0.0100%	4h	0.09797	+0.092%	$3.0M	$4.0M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09798	+0.102%	$12.8M	$7.6M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09801	+0.133%	$2.4M	$1.5M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09804	+0.163%	$8.7M	$11.1M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09797	+0.092%	—	$7.9M	—	as long as short
Backpack XPL_USDC_PERP	+0.0100%	1h	0.09804	+0.163%	$178K	$279K	10x	as long as short
Variational Omni XPL	+0.0100%	4h	0.09800	+0.125%	$1.7M	$1.9M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09798	+0.098%	$262K	$796K	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09800	+0.123%	$25K	$88K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09810	+0.229%	$131K	$2.7M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09780	−0.082%	$2K	$2.0M	20x	as long as short
SoDEX XPL-USDshort	+0.0100%	1h	0.09800	+0.123%	$449	$10K	10x
HTX XPL-USDT	+0.0100%	4h	0.09801	+0.133%	$139K	$246K	20x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09800	+0.122%	$143K	$9K	10x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09794	+0.059%	$660K	$1.1M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09802	+0.138%	$38K	$5K	3x	as long as short
Phoenix XPL	+0.0327%	1h	0.09824	+0.368%	$199K	$651K	10x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09797	+0.092%	$1.7M	$1.2M	75x	as long as short
Coinbase International XPL-PERP-INTX	+0.0568%	1h	0.09825	+0.378%	$72K	$97K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.5066%	1h	0.09854	+0.669%	$567K	$1.0M	10x	as long as short