XPL

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0020%/8h= +2.2% APRnext payment +$0.10 per $10,000 · paid last 24h −0.004%

Price spread now: GRVT against Orderly+0.300%7-day average −0.011% · you sell dearer than you buy

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

Long on Orderly Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days+0.203%+$20 on $10k

Price spread, last 3 days (all we have)+0.294%+$29 · spread now +0.300%, 7d avg −0.011%

Together, before fees+0.497%+ Points / potential airdropGRVT: Active · farm board+$50 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and GRVT is 0.311% dearer against Orderly than usual: you sell high and buy low: +$31 more if the spread goes back to its 7-day average of −0.011%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_XPL_USDC	0.09708	0.0080	pay 0.0040% / 4h	2h 48m	$27K	$333K	10x
Short	GRVT XPL_USDT_Perp	0.09737	0.0100	get 0.0050% / 4h	2h 48m	$264K	$782K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now +0.300%Rate

Funding earned: $4.22
Price spread: +0.300% → −0.011%: $31.11
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: $20.33
Costs to cover: 0.150%
Break-even: from the start

Slippage unknown: Orderly: no order-book sample; GRVT: live order book, 39 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 GRVT live order book, 39 min ago	5.05 bp	145.0 bp −$145	308.5 bp −$3,085	doesn't fit	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
Lighter XPL	−0.0304%	1h	0.09701	−0.072%	$4.4M	$4.2M	10x	as long as short
Backpack XPL_USDC_PERP	−0.0264%	1h	0.09715	+0.072%	$179K	$283K	10x	as long as short
Deribit XPL_USDC-PERPETUAL	−0.0162%	1h	0.09713	+0.052%	$47K	$18K	25x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0067% / S +0.0477%	1h	0.09713	+0.055%	$112K	—	100x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09722	+0.144%	$8K	—	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−22.015%	—	—	—	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09714	+0.060%	$72K	—	150x	as long as short
Orderly PERP_XPL_USDClong	+0.0080%	4h	0.09708	long leg	$27K	$333K	10x
Paradex XPL-USD-PERP	+0.0095%	8h	0.09711	+0.030%	$13K	$2K	5x	as long as short
Nado XPL-PERP	+0.0100%	1h	0.09717	+0.093%	$1.4M	$2.6M	10x	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	0.09717	+0.090%	$62.6M	$46.9M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09719	+0.111%	$252K	$527K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09715	+0.076%	$220K	$19K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09732	+0.247%	$44.3M	$104.0M	75x	as long as short
Bybit XPLUSDT	+0.0100%	4h	0.09726	+0.185%	$47.0M	$52.5M	75x	as long as short
OKX XPL-USDT-SWAP	+0.0100%	4h	0.09733	+0.258%	$9.0M	$52.8M	50x	as long as short
Gate XPL_USDT	+0.0100%	4h	0.09715	+0.072%	$3.0M	$4.0M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09727	+0.196%	$12.7M	$7.6M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09706	−0.021%	$2.4M	$1.4M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09724	+0.165%	$8.6M	$11.0M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09731	+0.237%	—	$7.9M	—	as long as short
Variational Omni XPL	+0.0100%	4h	0.09735	+0.273%	$1.6M	$1.9M	—	as long as short
GRVT XPL_USDT_Perpshort	+0.0100%	4h	0.09737	+0.300%	$264K	$782K	10x
ApeX Omni XPLUSDT	+0.0100%	1h	0.09740	+0.330%	$25K	$86K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09717	+0.095%	$131K	$2.7M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09690	−0.185%	$2K	$2.0M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09710	+0.021%	$206	$10K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09726	+0.185%	$138K	$245K	20x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09730	+0.227%	$140K	$11K	10x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09714	+0.058%	$653K	$1.1M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09715	+0.075%	$38K	$5K	3x	as long as short
01 Exchange XPLUSD	+0.0216%	1h	0.09706	−0.021%	$564	$582	5x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09708	0.000%	$1.8M	$1.1M	75x	as long as short
Phoenix XPL	+0.0485%	1h	0.09742	+0.350%	$199K	$646K	10x	as long as short
Coinbase International XPL-PERP-INTX	+0.0824%	1h	0.09965	+2.647%	$75K	$106K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.3483%	1h	0.09816	+1.116%	$518K	$932K	10x	as long as short