XPL

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.3239%/8h= +354.7% APRnext payment +$4.05 per $10,000 · paid last 24h +0.517%

Price spread now: Kraken Futures against Nado−0.055%46s7-day average +0.109% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$900.905% of the position

Long on Nado Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.420%+$42 on $10k

Price spread, last 4 days (all we have)−0.159%−$16 · spread now −0.055%, 7d avg +0.109%

Together, before fees+0.261%+ Points / potential airdropNado: Active · farm board+$26 on $10k · with fees, hour by hour

Funding pays, the price is against you. Kraken Futures is 0.165% cheaper against Nado than usual: you would sell low and buy high (spread −0.055% now, against its 7-day average of +0.109%). If the spread goes back, that is −$16 on $10k: about 4 hours of funding at the current rate (+$97 a day). At the pace of the last 3 days (+0.420% in total) that is about 31 hours. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.420% in total (about 45.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$4.05 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	0.09559	0.0100	pay 0.0012% / 1h	44m 19s	$1.2M	$2.7M	10x
Short	Kraken Futures PF_XPLUSD	0.09554	0.3339	get 0.0417% / 1h	44m 19s	$542K	$977K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Nado. 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 NadobpFee Kraken FuturesbpOrdersPrice spread, now −0.055%Rate

Funding earned: $680.18
Price spread: −0.055% → +0.109%: −$16.46
Slippage, 4 orders: −$73.46
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $573.26
Costs to cover: 0.905%
Break-even: 1.1 days

Slippage from Nado: live order book, 5 min ago; Kraken Futures: live order book, 9 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 Nado live order book, 5 min ago	2.10 bp	9.6 bp −$10	25.7 bp −$257	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 9 min ago	29.70 bp	37.0 bp −$37	237.3 bp −$2,373	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
01 Exchange XPLUSD	−0.0344%	1h	0.09556	−0.034%	$556	$708	5x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0293% / S +0.0604%	1h	0.09569	+0.098%	$105K	—	100x	as long as short
Deribit XPL_USDC-PERPETUAL	−0.0275%	1h	0.09524	−0.369%	$46K	$18K	25x	as long as short
Bybit XPLUSDT	−0.0104%	4h	0.09560	+0.008%	$45.2M	$55.2M	75x	as long as short
Backpack XPL_USDC_PERP	−0.0078%	1h	0.09525	−0.358%	$177K	$225K	10x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09542	−0.184%	$8K	—	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−20.804%	—	—	—	as long as short
Orderly PERP_XPL_USDC	+0.0005%	4h	0.09566	+0.071%	$29K	$339K	10x	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09569	+0.097%	$72K	—	150x	as long as short
Paradex XPL-USD-PERP	+0.0073%	8h	0.09531	−0.291%	$12K	$2K	5x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter XPL	+0.0096%	1h	0.09538	−0.222%	$4.3M	$3.3M	10x	as long as short
Nado XPL-PERPlong	+0.0100%	1h	0.09559	long leg	$1.2M	$2.7M	10x
Hyperliquid XPL	+0.0100%	1h	0.09576	+0.179%	$60.0M	$47.2M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09556	−0.034%	$243K	$485K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09547	−0.127%	$218K	$46K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09566	+0.072%	$43.4M	$104.5M	75x	as long as short
OKX XPL-USDT-SWAP	+0.0100%	4h	0.09566	+0.071%	$8.3M	$49.5M	50x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09530	−0.306%	$139K	$5K	10x	as long as short
Gate XPL_USDT	+0.0100%	4h	0.09560	+0.008%	$3.0M	$3.6M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09562	+0.029%	$12.3M	$7.7M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09557	−0.024%	$2.3M	$1.4M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09573	+0.144%	$8.5M	$10.2M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09563	+0.039%	—	$7.9M	—	as long as short
Variational Omni XPL	+0.0100%	4h	0.09536	−0.246%	$1.7M	$1.8M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09510	−0.515%	$253K	$955K	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09540	−0.201%	$25K	$79K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09562	+0.028%	$127K	$2.0M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09510	−0.515%	$3K	$1.8M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09520	−0.411%	$188	$12K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09544	−0.160%	$140K	$246K	20x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09554	−0.055%	$646K	$1.1M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09562	+0.031%	$28K	$18K	3x	as long as short
Phoenix XPL	+0.0334%	1h	0.09551	−0.086%	$193K	$617K	10x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09513	−0.484%	$1.7M	$980K	75x	as long as short
Coinbase International XPL-PERP-INTX	+0.0616%	1h	0.09557	−0.024%	$74K	$86K	50x	as long as short
Kraken Futures PF_XPLUSDshort	+0.3339%	1h	0.09554	−0.055%	$542K	$977K	10x