Funding you earn now, next payment 06:00 UTC−0.0269%/8h= −29.4% APRpaid last 24h −0.062%
Price spread now: Deribit against OKX−0.178%46s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Deribit is 0.178% cheaper against OKX than usual: you would sell low and buy high (−$18 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX XPL-USDT-SWAP | 0.09568 | 0.0100 | pay 0.0050% / 4h | 2h 37m | $8.1M | $48.3M | 50x |
| Short | Deribit XPL_USDC-PERPETUAL | 0.09551 | −0.0169 | pay 0.0021% / 1h | 37m 33s | $46K | $18K | 25x |
OKX XPL-USDT-SWAP
Deribit XPL_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against OKX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$56.41
- Price spread: −0.178% → 0.000%
- −$17.77
- Slippage, 4 orders
- no order book: not counted
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$91.18
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: OKX: live order book, 1 min ago; Deribit: 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 OKX live order book, 1 min ago | 0.52 bp | 11.0 bp −$11 | 30.9 bp −$309 | doesn't fit | doesn't fit |
| Sell Deribit no order-book sample | — | — | — | — | — |
Deribit: 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 | |
|---|---|---|---|---|---|---|---|---|
| 01 Exchange XPLUSD | −0.0240% | 1h | 0.09561 | −0.073% | $556 | $708 | 5x | as long as short |
| GMX XPL/USD [WBTC.b-USDC] | L −0.0234% / S +0.0570% | 1h | 0.09551 | −0.175% | $105K | — | 100x | as long as short |
| Deribit XPL_USDC-PERPETUALshort | −0.0169% | 1h | 0.09551 | −0.178% | $46K | $18K | 25x | |
| Lighter XPL | −0.0024% | 1h | 0.09557 | −0.115% | $4.3M | $3.0M | 10x | as long as short |
| dYdX XPL-USD | 0.0000% | 1h | 0.09565 | −0.026% | $9K | $600 | 5x | as long as short |
| Reya XPLRUSDPERP | 0.0000% | 1h | 0.07571 | −20.873% | — | — | — | as long as short |
| gTrade (Gains Network) XPL/USD | L +0.0005% / S −0.0004% | 1h | 0.09552 | −0.162% | $72K | — | 150x | as long as short |
| Orderly PERP_XPL_USDC | +0.0013% | 4h | 0.09548 | −0.209% | $29K | $320K | 10x | as long as short |
| Backpack XPL_USDC_PERP | +0.0040% | 1h | 0.09560 | −0.084% | $174K | $190K | 10x | as long as short |
| Paradex XPL-USD-PERP | +0.0065% | 8h | 0.09569 | +0.008% | $12K | $696 | 5x | as long as short |
01 Exchange XPLUSD
GMX XPL/USD [WBTC.b-USDC]
Lighter XPL
dYdX XPL-USD
Reya XPLRUSDPERP
gTrade (Gains Network) XPL/USD
Orderly PERP_XPL_USDC
Backpack XPL_USDC_PERP
Paradex XPL-USD-PERPShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid XPL | +0.0100% | 1h | 0.09581 | +0.136% | $60.5M | $46.4M | 10x | as long as short |
| Aster XPLUSDT | +0.0100% | 4h | 0.09572 | +0.046% | $252K | $430K | 20x | as long as short |
| Pacifica XPL | +0.0100% | 1h | 0.09572 | +0.038% | $219K | $47K | 10x | as long as short |
| Binance XPLUSDT | +0.0100% | 4h | 0.09565 | −0.028% | $43.4M | $100.3M | 75x | as long as short |
| Bybit XPLUSDT | +0.0100% | 4h | 0.09567 | −0.010% | $45.3M | $54.3M | 75x | as long as short |
| OKX XPL-USDT-SWAPlong | +0.0100% | 4h | 0.09568 | long leg | $8.1M | $48.3M | 50x | |
| Bulk XPL-USD | +0.0100% | 1h | 0.09565 | −0.027% | $139K | $0 | 10x | as long as short |
| Gate XPL_USDT | +0.0100% | 4h | 0.09569 | +0.010% | $3.0M | $3.4M | 75x | as long as short |
| MEXC XPL_USDT | +0.0100% | 4h | 0.09567 | −0.010% | $12.3M | $6.9M | 100x | as long as short |
| KuCoin XPLUSDTM | +0.0100% | 4h | 0.09558 | −0.105% | $2.3M | $1.4M | 50x | as long as short |
| Bitget XPLUSDT | +0.0100% | 4h | 0.09576 | +0.084% | $9.1M | $9.7M | 75x | as long as short |
| BingX XPL-USDT | +0.0100% | 4h | 0.09572 | +0.042% | — | $7.8M | — | as long as short |
| Variational Omni XPL | +0.0100% | 4h | 0.09544 | −0.246% | $1.7M | $1.9M | — | as long as short |
| GRVT XPL_USDT_Perp | +0.0100% | 4h | 0.09540 | −0.297% | $253K | $1.1M | 10x | as long as short |
| ApeX Omni XPLUSDT | +0.0100% | 1h | 0.09540 | −0.293% | $25K | $77K | 50x | as long as short |
| Nado XPL-PERP | +0.0100% | 1h | 0.09570 | +0.026% | $1.2M | $2.4M | 10x | as long as short |
| Polymarket Perps XPL-USD | +0.0100% | 1h | 0.09564 | −0.038% | $125K | $2.0M | 10x | as long as short |
| SunX XPL-USDT | +0.0100% | 4h | 0.09530 | −0.397% | $3K | $1.7M | 20x | as long as short |
| SoDEX XPL-USD | +0.0100% | 1h | 0.09550 | −0.188% | $202 | $12K | 10x | as long as short |
| HTX XPL-USDT | +0.0100% | 4h | 0.09544 | −0.251% | $139K | $185K | 20x | as long as short |
| Extended XPL-USD | +0.0104% | 1h | 0.09569 | +0.008% | $632K | $1.2M | 25x | as long as short |
| Aevo XPL-PERP | +0.0104% | 1h | 0.09550 | −0.188% | $28K | $18K | 3x | as long as short |
| Phoenix XPL | +0.0251% | 1h | 0.09575 | +0.073% | $194K | $536K | 10x | as long as short |
| BloFin XPL-USDT | +0.0340% | 4h | 0.09518 | −0.523% | $1.7M | $940K | 75x | as long as short |
| Coinbase International XPL-PERP-INTX | +0.0592% | 1h | 0.09640 | +0.753% | $67K | $90K | 50x | as long as short |
| Kraken Futures PF_XPLUSD | +0.2903% | 1h | 0.09577 | +0.094% | $544K | $989K | 10x | as long as short |
Hyperliquid XPL
Aster XPLUSDT
Pacifica XPL
Binance XPLUSDT
Bybit XPLUSDT
Bulk XPL-USD
Gate XPL_USDT
MEXC XPL_USDT
KuCoin XPLUSDTM
Bitget XPLUSDT
BingX XPL-USDT
Variational Omni XPL
GRVT XPL_USDT_Perp
ApeX Omni XPLUSDT
Nado XPL-PERP
Polymarket Perps XPL-USD
SunX XPL-USDT
SoDEX XPL-USD
HTX XPL-USDT
Extended XPL-USD
Aevo XPL-PERP
Phoenix XPL
BloFin XPL-USDT
Coinbase International XPL-PERP-INTX
Kraken Futures PF_XPLUSD