XPL

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0724%/8h= +79.3% APRnext payment +$0.90 per $10,000 · paid last 24h +0.196%

Price spread now: Coinbase International against Pacifica+0.473%7-day average +0.684% · you sell dearer than you buy

Net, funding: paid 7d − costs−$159as in the Funding arb table

Net, price: spread back to 7d avg − costs−$174as in the Price arb table

costs, in and out, $10k−$1531.530% of the position

Long on Pacifica Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.061%−$6 on $10k

Price spread, last 3 days (all we have)+0.162%+$16 · spread now +0.473%, 7d avg +0.684%

Together, before fees+0.101%+ Points / potential airdropPacifica: Active · farm board+$10 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.210% cheaper against Pacifica than usual: you would sell low and buy high (spread +0.473% now, against its 7-day average of +0.684%). If the spread goes back, that is −$21 on $10k: about 23 hours of funding at the current rate (+$22 a day). Mind the row above: over the last 7 days funding on this pair cost −0.061%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.061% in total (about -3.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.90 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica XPL	0.09759	0.0100	pay 0.0013% / 1h	15m 52s	$221K	$45K	10x
Short	Coinbase International XPL-PERP-INTX	0.09805	0.0824	get 0.0103% / 1h	15m 52s	$74K	$103K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Pacifica. 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 PacificabpFee Coinbase InternationalbpOrdersPrice spread, now +0.473%Rate

Funding earned: $152.04
Price spread: +0.473% → +0.684%: −$21.01
Slippage, 4 orders: −$135.02
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$21.99
Costs to cover: 1.530%
Break-even: 8.0 days

Slippage from Pacifica: live order book, 7 min ago; Coinbase International: live order book, 7 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 Pacifica live order book, 7 min ago	5.10 bp	21.9 bp −$22	doesn't fit	doesn't fit	doesn't fit
Sell Coinbase International live order book, 7 min ago	38.25 bp	61.5 bp −$62	doesn't fit	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	−0.0160%	1h	0.09755	−0.039%	$47K	$18K	25x	as long as short
Lighter XPL	−0.0096%	1h	0.09731	−0.285%	$4.4M	$4.3M	10x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0083% / S +0.0488%	1h	0.09756	−0.028%	$112K	—	100x	as long as short
01 Exchange XPLUSD	−0.0040%	1h	0.09753	−0.059%	$567	$582	5x	as long as short
Backpack XPL_USDC_PERP	−0.0006%	1h	0.09755	−0.039%	$178K	$283K	10x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09759	+0.001%	$8K	—	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−22.423%	—	—	—	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09758	−0.010%	$72K	—	150x	as long as short
Orderly PERP_XPL_USDC	+0.0082%	4h	0.09751	−0.080%	$27K	$333K	10x	as long as short
Paradex XPL-USD-PERP	+0.0093%	8h	0.09751	−0.081%	$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	0.09753	−0.057%	$1.4M	$2.6M	10x	as long as short
Hyperliquid XPL	+0.0100%	1h	0.09750	−0.088%	$62.7M	$47.1M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09758	−0.005%	$252K	$527K	20x	as long as short
Pacifica XPLlong	+0.0100%	1h	0.09759	long leg	$221K	$45K	10x
Binance XPLUSDT	+0.0100%	4h	0.09742	−0.170%	$44.0M	$105.0M	75x	as long as short
Bybit XPLUSDT	+0.0100%	4h	0.09740	−0.193%	$47.5M	$53.5M	75x	as long as short
OKX XPL-USDT-SWAP	+0.0100%	4h	0.09739	−0.203%	$9.0M	$53.3M	50x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09815	+0.576%	$141K	$11K	10x	as long as short
Gate XPL_USDT	+0.0100%	4h	0.09744	−0.152%	$3.0M	$4.0M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09748	−0.111%	$12.7M	$7.7M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09746	−0.131%	$2.4M	$1.4M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09747	−0.121%	$8.6M	$11.1M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09741	−0.182%	—	$7.9M	—	as long as short
Variational Omni XPL	+0.0100%	4h	0.09808	+0.509%	$1.7M	$1.9M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09796	+0.377%	$265K	$775K	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09810	+0.525%	$25K	$87K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09764	+0.052%	$129K	$2.7M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09740	−0.193%	$2K	$2.0M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09750	−0.090%	$202	$10K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09753	−0.059%	$138K	$245K	20x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09747	−0.118%	$661K	$1.1M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09755	−0.042%	$38K	$5K	3x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09754	−0.049%	$1.7M	$1.2M	75x	as long as short
Phoenix XPL	+0.0485%	1h	0.09836	+0.791%	$199K	$646K	10x	as long as short
Coinbase International XPL-PERP-INTXshort	+0.0824%	1h	0.09805	+0.473%	$74K	$103K	50x
Kraken Futures PF_XPLUSD	+0.3485%	1h	0.09812	+0.541%	$517K	$942K	10x	as long as short