XPL

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0070%/8h= +7.7% APRnext payment +$0.35 per $10,000 · paid last 24h +0.016%

Price spread now: Binance against Orderly−0.068%7-day average +0.038% · you buy dearer than you sell

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

Long on Orderly Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.192%+$19 on $10k

Price spread, last 3 days (all we have)+0.176%+$18 · spread now −0.068%, 7d avg +0.038%

Together, before fees+0.368%+$37 on $10k · with fees, hour by hour

Funding pays, the price is against you. Binance is 0.106% cheaper against Orderly than usual: you would sell low and buy high (spread −0.068% now, against its 7-day average of +0.038%). If the spread goes back, that is −$11 on $10k: about 5.1 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_XPL_USDC	0.09786	0.0030	pay 0.0015% / 4h	3h 42m	$29K	$335K	10x
Short	Binance XPLUSDT	0.09779	0.0100	get 0.0050% / 4h	3h 42m	$44.7M	$108.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Orderly. 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 OrderlybpFee BinancebpOrdersPrice spread, now −0.068%Rate

Funding earned: $14.71
Price spread: −0.068% → +0.038%: −$10.65
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Binance: 5 bp × 2 orders: −$10
Net: −$11.94
Costs to cover: 0.160%
Break-even: 12.7 days

Slippage unknown: Orderly: no order-book sample; Binance: live order book, 1 min ago. 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 Orderly no order-book sample	—	—	—	—	—
Sell Binance live order book, 1 min ago	0.51 bp	10.6 bp −$11	23.7 bp −$237	115.2 bp −$11.5K	doesn't fit

Orderly: 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	−0.0283%	1h	0.09782	−0.041%	$181K	$282K	10x	as long as short
Lighter XPL	−0.0232%	1h	0.09775	−0.112%	$4.4M	$4.2M	10x	as long as short
01 Exchange XPLUSD	−0.0192%	1h	0.09784	−0.020%	$569	$708	5x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0158% / S +0.0537%	1h	0.09784	−0.018%	$113K	—	100x	as long as short
Deribit XPL_USDC-PERPETUAL	−0.0056%	1h	0.09785	−0.010%	$47K	$18K	25x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09768	−0.179%	$8K	—	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07570	−22.640%	—	—	—	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0003%	1h	0.09787	+0.007%	$76K	—	150x	as long as short
Orderly PERP_XPL_USDClong	+0.0030%	4h	0.09786	long leg	$29K	$335K	10x
Paradex XPL-USD-PERP	+0.0032%	8h	0.09779	−0.070%	$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
Hyperliquid XPL	+0.0100%	1h	0.09799	+0.129%	$63.2M	$47.5M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09786	+0.001%	$253K	$533K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09775	−0.108%	$222K	$46K	10x	as long as short
Binance XPLUSDTshort	+0.0100%	4h	0.09779	−0.068%	$44.7M	$108.7M	75x
Bybit XPLUSDT	+0.0100%	4h	0.09776	−0.102%	$47.4M	$55.8M	75x	as long as short
OKX XPL-USDT-SWAP	+0.0100%	4h	0.09775	−0.112%	$8.6M	$55.2M	50x	as long as short
Gate XPL_USDT	+0.0100%	4h	0.09782	−0.041%	$3.0M	$4.0M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09780	−0.061%	$12.9M	$7.6M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09774	−0.123%	$2.4M	$1.5M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09780	−0.061%	$8.7M	$11.1M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09778	−0.082%	—	$7.9M	—	as long as short
Variational Omni XPL	+0.0100%	4h	0.09735	−0.521%	$1.6M	$1.9M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09743	−0.440%	$266K	$827K	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09740	−0.470%	$25K	$87K	50x	as long as short
Nado XPL-PERP	+0.0100%	1h	0.09781	−0.051%	$1.4M	$2.6M	10x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09792	+0.059%	$131K	$2.7M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09760	−0.266%	$3K	$2.0M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09780	−0.061%	$201	$10K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09780	−0.061%	$142K	$242K	20x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09720	−0.672%	$142K	$2K	10x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09775	−0.108%	$658K	$1.1M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09782	−0.040%	$29K	$18K	3x	as long as short
Phoenix XPL	+0.0163%	1h	0.09753	−0.337%	$197K	$655K	10x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09763	−0.235%	$1.7M	$1.2M	75x	as long as short
Coinbase International XPL-PERP-INTX	+0.0376%	1h	0.09815	+0.296%	$72K	$97K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.5061%	1h	0.09829	+0.439%	$569K	$1.0M	10x	as long as short