XPL

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0063%/8h= +6.9% APRnext payment +$0.08 per $10,000 · paid last 24h +0.067%

Price spread now: Phoenix against Nado−0.091%7-day average +0.158% · 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−$79as in the Price arb table

costs, in and out, $10k−$540.542% of the position

Long on Nado Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.243%+$24 on $10k

Price spread, last 3 days (all we have)+0.210%+$21 · spread now −0.091%, 7d avg +0.158%

Together, before fees+0.453%+ Points / potential airdropNado: Active · farm board+$45 on $10k · with fees, hour by hour

Funding pays, the price is against you. Phoenix is 0.249% cheaper against Nado than usual: you would sell low and buy high (spread −0.091% now, against its 7-day average of +0.158%). If the spread goes back, that is −$25 on $10k: about 13 days of funding at the current rate (+$2 a day). At the pace of the last 3 days (+0.243% in total) that is about 3.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado XPL-PERP	0.09927	0.0100	pay 0.0012% / 1h	15m 23s	$1.5M	$2.6M	10x
Short	Phoenix XPL	0.09918	0.0163	get 0.0020% / 1h	15m 23s	$201K	$655K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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 PhoenixbpOrdersPrice spread, now −0.091%Rate

Funding earned: $13.25
Price spread: −0.091% → +0.158%: −$24.88
Slippage, 4 orders: −$40.15
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$65.79
Costs to cover: 0.542%
Break-even: 41.8 days

Slippage from Nado: live order book, 3 min ago; Phoenix: live order book, 57 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, 3 min ago	5.57 bp	12.0 bp −$12	29.2 bp −$292	doesn't fit	doesn't fit
Sell Phoenix live order book, 57 min ago	1.03 bp	14.9 bp −$15	48.2 bp −$482	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
Deribit XPL_USDC-PERPETUAL	−0.0354%	1h	0.09920	−0.071%	$48K	$18K	25x	as long as short
01 Exchange XPLUSD	−0.0192%	1h	0.09912	−0.151%	$576	$708	5x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0171% / S +0.0546%	1h	0.09930	+0.026%	$114K	—	100x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09934	+0.072%	$8K	—	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−23.738%	—	—	—	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0003%	1h	0.09927	+0.004%	$77K	—	150x	as long as short
Lighter XPL	+0.0008%	1h	0.09919	−0.081%	$4.5M	$4.2M	10x	as long as short
Orderly PERP_XPL_USDC	+0.0021%	4h	0.09919	−0.081%	$30K	$335K	10x	as long as short
Paradex XPL-USD-PERP	+0.0049%	8h	0.09926	−0.008%	$13K	$2K	5x	as long as short
OKX XPL-USDT-SWAP	+0.0095%	4h	0.09915	−0.121%	$8.8M	$56.2M	50x	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	0.09927	long leg	$1.5M	$2.6M	10x
Aster XPLUSDT	+0.0100%	4h	0.09933	+0.064%	$257K	$534K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09936	+0.088%	$226K	$46K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09922	−0.047%	$45.4M	$108.9M	75x	as long as short
Bybit XPLUSDT	+0.0100%	4h	0.09920	−0.071%	$48.2M	$56.1M	75x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09870	−0.574%	$144K	$2K	10x	as long as short
Gate XPL_USDT	+0.0100%	4h	0.09925	−0.020%	$3.1M	$4.0M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09921	−0.060%	$13.1M	$7.7M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09925	−0.020%	$2.4M	$1.5M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09926	−0.010%	$8.8M	$11.2M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09922	−0.050%	—	$7.9M	—	as long as short
Backpack XPL_USDC_PERP	+0.0100%	1h	0.09927	0.000%	$186K	$263K	10x	as long as short
Variational Omni XPL	+0.0100%	4h	0.09912	−0.151%	$1.8M	$2.0M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09914	−0.131%	$263K	$844K	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09910	−0.171%	$26K	$89K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09936	+0.093%	$133K	$2.7M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09910	−0.171%	$3K	$2.0M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09920	−0.071%	$499	$11K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09929	+0.020%	$144K	$243K	20x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09915	−0.123%	$673K	$1.1M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09924	−0.026%	$29K	$18K	3x	as long as short
Phoenix XPLshort	+0.0163%	1h	0.09918	−0.091%	$201K	$655K	10x
Hyperliquid XPL	+0.0199%	1h	0.09942	+0.146%	$64.5M	$47.1M	10x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09897	−0.302%	$1.8M	$1.2M	75x	as long as short
Coinbase International XPL-PERP-INTX	+0.0376%	1h	0.09980	+0.534%	$74K	$97K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.4990%	1h	0.09970	+0.437%	$576K	$1.0M	10x	as long as short