XPL

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0100%/8h= −10.9% APRnext payment −$0.13 per $10,000 · paid last 24h −0.149%

Price spread now: Lighter against Pacifica−0.081%7-day average −0.090% · you buy dearer than you sell

Net, funding: paid 7d − costs−$121as in the Funding arb table

Net, price: spread back to 7d avg − costs−$66as in the Price arb table

costs, in and out, $10k−$670.674% of the position

Long on Pacifica Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.535%−$53 on $10k

Price spread, last 4 days (all we have)+0.020%+$2 · spread now −0.081%, 7d avg −0.090%

Together, before fees−0.515%+ Points / potential airdropPacifica: Active · Lighter: Season 3 · farm board−$51 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.090%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica XPL	0.09850	0.0100	pay 0.0013% / 1h	18m 40s	$224K	$46K	10x
Short	Lighter XPL	0.09842	0	get 0.0000% / 1h	18m 40s	$4.5M	$4.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now −0.081%Rate

Funding earned: −$21
Price spread: −0.081% → −0.090%: $0.91
Slippage, 4 orders: −$59.35
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Lighter: 0 bp × 2 orders: $0
Net: −$87.44
Costs to cover: 0.674%
Break-even: never at this rate

Slippage from Pacifica: live order book, 54 min ago; Lighter: live order book, 4 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, 54 min ago	15.44 bp	19.7 bp −$20	doesn't fit	doesn't fit	doesn't fit
Sell Lighter live order book, 4 min ago	3.53 bp	6.5 bp −$6	27.3 bp −$273	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	−0.0459%	1h	0.09871	+0.213%	$47K	$18K	25x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0170% / S +0.0544%	1h	0.09887	+0.373%	$114K	—	100x	as long as short
01 Exchange XPLUSD	−0.0168%	1h	0.09885	+0.355%	$575	$708	5x	as long as short
Lighter XPLshort	0.0000%	1h	0.09842	−0.081%	$4.5M	$4.2M	10x
dYdX XPL-USD	0.0000%	1h	0.09848	−0.020%	$8K	—	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−23.142%	—	—	—	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0003%	1h	0.09881	+0.313%	$77K	—	150x	as long as short
Orderly PERP_XPL_USDC	+0.0023%	4h	0.09870	+0.203%	$30K	$335K	10x	as long as short
Paradex XPL-USD-PERP	+0.0046%	8h	0.09844	−0.056%	$13K	$2K	5x	as long as short
Backpack XPL_USDC_PERP	+0.0095%	1h	0.09862	+0.122%	$185K	$271K	10x	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	0.09898	+0.492%	$1.5M	$2.6M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09857	+0.074%	$255K	$534K	20x	as long as short
Pacifica XPLlong	+0.0100%	1h	0.09850	long leg	$224K	$46K	10x
Binance XPLUSDT	+0.0100%	4h	0.09841	−0.091%	$45.0M	$108.9M	75x	as long as short
Bybit XPLUSDT	+0.0100%	4h	0.09852	+0.020%	$47.9M	$56.2M	75x	as long as short
OKX XPL-USDT-SWAP	+0.0100%	4h	0.09861	+0.112%	$8.7M	$55.9M	50x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09880	+0.305%	$144K	$2K	10x	as long as short
Gate XPL_USDT	+0.0100%	4h	0.09847	−0.030%	$3.1M	$4.0M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09846	−0.041%	$13.0M	$7.7M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09855	+0.051%	$2.5M	$1.5M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09868	+0.183%	$8.8M	$11.2M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09860	+0.102%	—	$7.9M	—	as long as short
Variational Omni XPL	+0.0100%	4h	0.09915	+0.659%	$1.8M	$2.0M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09920	+0.711%	$266K	$835K	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09920	+0.711%	$26K	$89K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09900	+0.506%	$132K	$2.7M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09880	+0.305%	$3K	$2.0M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09860	+0.102%	$203	$10K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09882	+0.325%	$143K	$243K	20x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09857	+0.068%	$669K	$1.1M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09878	+0.288%	$29K	$18K	3x	as long as short
Phoenix XPL	+0.0163%	1h	0.09941	+0.924%	$201K	$655K	10x	as long as short
Hyperliquid XPL	+0.0210%	1h	0.09866	+0.166%	$64.0M	$47.1M	10x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09892	+0.426%	$1.8M	$1.2M	75x	as long as short
Coinbase International XPL-PERP-INTX	+0.0376%	1h	0.09980	+1.320%	$74K	$97K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.5018%	1h	0.09914	+0.647%	$573K	$1.0M	10x	as long as short