XPL

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0601%/8h= −65.8% APRnext payment −$0.75 per $10,000 · paid last 24h −0.114%

Price spread now: GMX against Nado+0.086%7-day average +0.027% · you sell dearer than you buy

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

Long on Nado Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.171%−$17 on $10k

Price spread, last 3 days (all we have)+0.013%+$1 · spread now +0.086%, 7d avg +0.027%

Together, before fees−0.158%+ Points / potential airdropNado: Active · farm board−$16 on $10k · with fees, hour by hour

The price spread pays, funding is against you. GMX is 0.059% dearer against Nado than usual: you sell high and buy low (spread +0.086% now, against its 7-day average of +0.027%): +$6 on $10k if it goes back. Holding the pair costs −$18 a day in funding at the current rate, which eats that in about 8 hours. At the pace of the last 3 days (−0.171% in total) that is about 26 hours.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.171% in total (about -20.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.75 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado XPL-PERP	0.09705	0.0100	pay 0.0012% / 1h	35m 18s	$1.4M	$2.6M	10x
Short	GMX XPL/USD [WBTC.b-USDC]	0.09713	L −0.0103% / S +0.0501%	pay 0.0063% / 1h	35m 18s	$112K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Nado. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 NadobpFee GMXbpOrdersPrice spread, now +0.086%Rate

Funding earned: −$126.21
Price spread: +0.086% → +0.027%: $5.86
Slippage, 4 orders: no order book: not counted
Fee Nado: 3.5 bp × 2 orders: −$7
Fee GMX: 6 bp × 2 orders: −$12
Net: −$139.35
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Nado: live order book, 4 min ago; GMX: 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 Nado live order book, 4 min ago	2.05 bp	7.9 bp −$8	18.1 bp −$181	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: 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	−0.0360%	1h	0.09691	−0.144%	$177K	$281K	10x	as long as short
Deribit XPL_USDC-PERPETUAL	−0.0266%	1h	0.09694	−0.113%	$46K	$18K	25x	as long as short
01 Exchange XPLUSD	−0.0216%	1h	0.09699	−0.062%	$564	$708	5x	as long as short
Lighter XPL	−0.0184%	1h	0.09684	−0.216%	$4.4M	$4.1M	10x	as long as short
GMX XPL/USD [WBTC.b-USDC]short	L −0.0103% / S +0.0501%	1h	0.09713	+0.086%	$112K	—	100x
dYdX XPL-USD	0.0000%	1h	0.09700	−0.054%	$8K	—	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07570	−21.995%	—	—	—	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09713	+0.087%	$72K	—	150x	as long as short
Orderly PERP_XPL_USDC	+0.0077%	4h	0.09707	+0.021%	$29K	$335K	10x	as long as short
Paradex XPL-USD-PERP	+0.0089%	8h	0.09691	−0.142%	$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
Nado XPL-PERPlong	+0.0100%	1h	0.09705	long leg	$1.4M	$2.6M	10x
Hyperliquid XPL	+0.0100%	1h	0.09727	+0.229%	$62.7M	$47.5M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09710	+0.052%	$251K	$527K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09701	−0.042%	$221K	$46K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09710	+0.049%	$43.7M	$106.3M	75x	as long as short
Bybit XPLUSDT	+0.0100%	4h	0.09708	+0.031%	$47.2M	$54.1M	75x	as long as short
OKX XPL-USDT-SWAP	+0.0100%	4h	0.09705	0.000%	$8.9M	$53.4M	50x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09750	+0.462%	$140K	$8K	10x	as long as short
Gate XPL_USDT	+0.0100%	4h	0.09703	−0.021%	$3.0M	$4.0M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09709	+0.041%	$12.6M	$7.6M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09706	+0.010%	$2.4M	$1.4M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09710	+0.052%	$8.6M	$11.1M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09708	+0.031%	—	$7.9M	—	as long as short
Variational Omni XPL	+0.0100%	4h	0.09701	−0.037%	$1.7M	$1.9M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09702	−0.031%	$261K	$777K	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09750	+0.464%	$25K	$87K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09720	+0.158%	$129K	$2.7M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09680	−0.258%	$2K	$2.0M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09690	−0.155%	$446	$10K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09689	−0.165%	$137K	$246K	20x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09698	−0.068%	$657K	$1.1M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09711	+0.060%	$38K	$5K	3x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09716	+0.113%	$1.7M	$1.2M	75x	as long as short
Phoenix XPL	+0.0412%	1h	0.09762	+0.587%	$198K	$652K	10x	as long as short
Coinbase International XPL-PERP-INTX	+0.0792%	1h	0.09760	+0.567%	$72K	$104K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.4609%	1h	0.09739	+0.354%	$509K	$956K	10x	as long as short