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 +0.016%

Price spread now: Variational Omni against Orderly+0.412%7-day average +0.016% · you sell dearer than you buy

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

Long on Orderly Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.041%+$4 on $10k

Price spread, last 3 days (all we have)−0.113%−$11 · spread now +0.412%, 7d avg +0.016%

Together, before fees−0.073%+ Points / potential airdropVariational Omni: Active · farm board−$7 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 Variational Omni is 0.396% dearer against Orderly than usual: you sell high and buy low: +$40 more if the spread goes back to its 7-day average of +0.016%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_XPL_USDC	0.09858	0.0080	pay 0.0040% / 4h	2h 57m	$27K	$333K	10x
Short	Variational Omni XPL	0.09899	0.0100	get 0.0050% / 4h	2h 57m	$1.7M	$1.9M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Orderly. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpOrdersPrice spread, now +0.412%Rate

Funding earned: $4.3
Price spread: +0.412% → +0.016%: $39.63
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $37.93
Costs to cover: 0.060%
Break-even: from the start

Slippage unknown: Orderly: no order-book sample; Variational Omni: RFQ quote, 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 Variational Omni RFQ quote, 1 min ago	4.05 bp	doesn't fit	18.2 bp −$182	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	−0.0072%	1h	0.09835	−0.233%	$4.4M	$4.2M	10x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0064% / S +0.0475%	1h	0.09860	+0.017%	$113K	—	100x	as long as short
Backpack XPL_USDC_PERP	−0.0051%	1h	0.09852	−0.061%	$184K	$285K	10x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09836	−0.223%	$8K	—	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−23.200%	—	—	—	as long as short
Deribit XPL_USDC-PERPETUAL	0.0000%	1h	0.09859	+0.010%	$49K	$17K	25x	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09862	+0.036%	$73K	—	150x	as long as short
01 Exchange XPLUSD	+0.0008%	1h	0.09872	+0.142%	$574	$582	5x	as long as short
Orderly PERP_XPL_USDClong	+0.0080%	4h	0.09858	long leg	$27K	$333K	10x
Paradex XPL-USD-PERP	+0.0099%	8h	0.09823	−0.357%	$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
Nado XPL-PERP	+0.0100%	1h	0.09871	+0.132%	$1.4M	$2.6M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09848	−0.103%	$255K	$514K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09840	−0.183%	$223K	$19K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09829	−0.297%	$44.8M	$102.7M	75x	as long as short
Bybit XPLUSDT	+0.0100%	4h	0.09815	−0.436%	$47.5M	$51.9M	75x	as long as short
OKX XPL-USDT-SWAP	+0.0100%	4h	0.09815	−0.436%	$9.3M	$53.0M	50x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09901	+0.436%	$143K	$11K	10x	as long as short
Gate XPL_USDT	+0.0100%	4h	0.09845	−0.132%	$3.0M	$4.0M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09823	−0.355%	$13.2M	$7.5M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09831	−0.274%	$2.4M	$1.4M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09845	−0.132%	$8.6M	$11.0M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09841	−0.172%	—	$7.9M	—	as long as short
Variational Omni XPLshort	+0.0100%	4h	0.09899	+0.412%	$1.7M	$1.9M	—
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09900	+0.426%	$268K	$765K	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09910	+0.527%	$26K	$82K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09881	+0.234%	$133K	$2.7M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09860	+0.020%	$2K	$2.0M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09860	+0.020%	$208	$10K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09863	+0.051%	$140K	$246K	20x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09846	−0.121%	$701K	$1.0M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09855	−0.030%	$38K	$5K	3x	as long as short
Hyperliquid XPL	+0.0198%	1h	0.09854	−0.037%	$65.1M	$45.2M	10x	as long as short
Phoenix XPL	+0.0318%	1h	0.09912	+0.548%	$202K	$640K	10x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09893	+0.355%	$1.8M	$1.2M	75x	as long as short
Coinbase International XPL-PERP-INTX	+0.0824%	1h	0.09965	+1.085%	$75K	$106K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.3454%	1h	0.09899	+0.421%	$296K	$674K	10x	as long as short