XPL

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0240%/8h= +26.3% APRnext payment +$1.20 per $10,000 · paid last 24h +0.072%

Price spread now: BloFin against MEXC+0.094%7-day average −0.035% · you sell dearer than you buy

Net, funding: paid 7d − costs+$17as in the Funding arb table

Net, price: spread back to 7d avg − costs−$17as in the Price arb table

costs, in and out, $10k−$290.294% of the position

Long on MEXC Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.462%+$46 on $10k

Price spread, last 4 days (all we have)−0.145%−$15 · spread now +0.094%, 7d avg −0.035%

Together, before fees+0.317%+$32 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and BloFin is 0.129% dearer against MEXC than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of −0.035%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC XPL_USDT	0.09571	0.0100	pay 0.0050% / 4h	3h 57m	$12.5M	$6.5M	100x
Short	BloFin XPL-USDT	0.09580	0.0340	get 0.0170% / 4h	3h 57m	$1.7M	$932K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against MEXC. 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 MEXCbpFee BloFinbpOrdersPrice spread, now +0.094%Rate

Funding earned: $50.4
Price spread: +0.094% → −0.035%: $12.86
Slippage, 4 orders: −$17.43
Fee MEXC: 0 bp × 2 orders: $0
Fee BloFin: 6 bp × 2 orders: −$12
Net: $33.83
Costs to cover: 0.294%
Break-even: 2.3 days

Slippage from MEXC: live order book, 1 min ago; BloFin: live order book, 10 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 MEXC live order book, 1 min ago	0.52 bp	3.1 bp −$3	11.2 bp −$112	93.4 bp −$9,337	234.2 bp −$117.1K
Sell BloFin live order book, 10 min ago	1.57 bp	13.4 bp −$13	24.7 bp −$247	70.8 bp −$7,078	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	−0.1368%	1h	0.09565	−0.063%	$4.3M	$3.1M	10x	as long as short
01 Exchange XPLUSD	−0.0368%	1h	0.09564	−0.073%	$556	$873	5x	as long as short
Deribit XPL_USDC-PERPETUAL	−0.0272%	1h	0.09581	+0.104%	$46K	$18K	25x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0234% / S +0.0570%	1h	0.09584	+0.131%	$106K	—	100x	as long as short
Bybit XPLUSDT	−0.0196%	4h	0.09575	+0.042%	$45.6M	$53.9M	75x	as long as short
Paradex XPL-USD-PERP	−0.0061%	8h	0.09564	−0.069%	$12K	$696	5x	as long as short
Orderly PERP_XPL_USDC	−0.0026%	4h	0.09576	+0.052%	$30K	$277K	10x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09570	−0.009%	$9K	$600	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−20.898%	—	—	—	as long as short
Backpack XPL_USDC_PERP	+0.0001%	1h	0.09559	−0.125%	$179K	$180K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09583	+0.122%	$72K	—	150x	as long as short
OKX XPL-USDT-SWAP	+0.0013%	4h	0.09574	+0.031%	$7.7M	$47.7M	50x	as long as short
Nado XPL-PERP	+0.0100%	1h	0.09568	−0.034%	$1.3M	$2.2M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09584	+0.139%	$253K	$406K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09570	−0.010%	$219K	$46K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09577	+0.063%	$43.4M	$97.7M	75x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09555	−0.167%	$139K	$0	10x	as long as short
Gate XPL_USDT	+0.0100%	4h	0.09570	−0.010%	$2.9M	$3.3M	75x	as long as short
MEXC XPL_USDTlong	+0.0100%	4h	0.09571	long leg	$12.5M	$6.5M	100x
KuCoin XPLUSDTM	+0.0100%	4h	0.09567	−0.042%	$2.3M	$1.2M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09586	+0.157%	$9.0M	$9.8M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09577	+0.063%	—	$7.8M	—	as long as short
Variational Omni XPL	+0.0100%	4h	0.09567	−0.040%	$1.7M	$1.9M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09556	−0.152%	$256K	$1.3M	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09560	−0.115%	$25K	$75K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09582	+0.115%	$126K	$1.7M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09550	−0.219%	$3K	$1.6M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09580	+0.094%	$196	$9K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09551	−0.209%	$132K	$210K	20x	as long as short
Hyperliquid XPL	+0.0101%	1h	0.09591	+0.212%	$60.6M	$46.1M	10x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09573	+0.024%	$595K	$1.1M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09575	+0.042%	$28K	$18K	3x	as long as short
Phoenix XPL	+0.0249%	1h	0.09574	+0.031%	$194K	$494K	10x	as long as short
BloFin XPL-USDTshort	+0.0340%	4h	0.09580	+0.094%	$1.7M	$932K	75x
Coinbase International XPL-PERP-INTX	+0.0536%	1h	0.09596	+0.261%	$64K	$92K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.2701%	1h	0.09602	+0.325%	$542K	$940K	10x	as long as short