XPL

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.4890%/8h= +535.4% APRnext payment +$6.11 per $10,000 · paid last 24h +0.392%

Price spread now: Kraken Futures against Pacifica+0.349%7-day average +0.048% · you sell dearer than you buy

Net, funding: paid 7d − costs−$95as in the Funding arb table

Net, price: spread back to 7d avg − costs−$75as in the Price arb table

costs, in and out, $10k−$1061.055% of the position

Long on Pacifica Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.110%+$11 on $10k

Price spread, last 3 days (all we have)−0.462%−$46 · spread now +0.349%, 7d avg +0.048%

Together, before fees−0.352%+ Points / potential airdropPacifica: Active · farm board−$35 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$147 a day on $10k at the current rate, and Kraken Futures is 0.301% dearer against Pacifica than usual: you sell high and buy low: +$30 more if the spread goes back to its 7-day average of +0.048%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.110% in total (about 5.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$6.11 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	0.09936	0.0100	pay 0.0013% / 1h	15m 21s	$226K	$46K	10x
Short	Kraken Futures PF_XPLUSD	0.09970	0.4990	get 0.0624% / 1h	15m 21s	$576K	$1.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.349%Rate

Funding earned: $1,026.83
Price spread: +0.349% → +0.048%: $30.09
Slippage, 4 orders: −$87.51
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $951.41
Costs to cover: 1.055%
Break-even: 0.5 days

Slippage from Pacifica: live order book, 58 min ago; Kraken Futures: live order book, 3 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, 58 min ago	15.44 bp	19.7 bp −$20	doesn't fit	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 3 min ago	19.59 bp	26.7 bp −$27	389.8 bp −$3,898	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	−0.0354%	1h	0.09920	−0.158%	$48K	$18K	25x	as long as short
01 Exchange XPLUSD	−0.0192%	1h	0.09912	−0.239%	$576	$708	5x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0171% / S +0.0546%	1h	0.09930	−0.061%	$114K	—	100x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09934	−0.016%	$8K	—	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−23.805%	—	—	—	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0003%	1h	0.09927	−0.083%	$77K	—	150x	as long as short
Lighter XPL	+0.0008%	1h	0.09919	−0.168%	$4.5M	$4.2M	10x	as long as short
Orderly PERP_XPL_USDC	+0.0021%	4h	0.09919	−0.168%	$30K	$335K	10x	as long as short
Paradex XPL-USD-PERP	+0.0049%	8h	0.09926	−0.096%	$13K	$2K	5x	as long as short
OKX XPL-USDT-SWAP	+0.0095%	4h	0.09915	−0.208%	$8.8M	$56.2M	50x	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	0.09927	−0.088%	$1.5M	$2.6M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09933	−0.024%	$257K	$534K	20x	as long as short
Pacifica XPLlong	+0.0100%	1h	0.09936	long leg	$226K	$46K	10x
Binance XPLUSDT	+0.0100%	4h	0.09922	−0.135%	$45.4M	$108.9M	75x	as long as short
Bybit XPLUSDT	+0.0100%	4h	0.09920	−0.158%	$48.2M	$56.1M	75x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09870	−0.661%	$144K	$2K	10x	as long as short
Gate XPL_USDT	+0.0100%	4h	0.09925	−0.108%	$3.1M	$4.0M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09921	−0.148%	$13.1M	$7.7M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09925	−0.108%	$2.4M	$1.5M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09926	−0.098%	$8.8M	$11.2M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09922	−0.138%	—	$7.9M	—	as long as short
Backpack XPL_USDC_PERP	+0.0100%	1h	0.09927	−0.088%	$186K	$263K	10x	as long as short
Variational Omni XPL	+0.0100%	4h	0.09912	−0.239%	$1.8M	$2.0M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09914	−0.218%	$263K	$844K	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09910	−0.259%	$26K	$89K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09936	+0.005%	$133K	$2.7M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09910	−0.259%	$3K	$2.0M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09920	−0.158%	$499	$11K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09929	−0.067%	$144K	$243K	20x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09915	−0.210%	$673K	$1.1M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09924	−0.114%	$29K	$18K	3x	as long as short
Phoenix XPL	+0.0163%	1h	0.09918	−0.178%	$201K	$655K	10x	as long as short
Hyperliquid XPL	+0.0199%	1h	0.09942	+0.058%	$64.5M	$47.1M	10x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09897	−0.390%	$1.8M	$1.2M	75x	as long as short
Coinbase International XPL-PERP-INTX	+0.0376%	1h	0.09980	+0.446%	$74K	$97K	50x	as long as short
Kraken Futures PF_XPLUSDshort	+0.4990%	1h	0.09970	+0.349%	$576K	$1.0M	10x