XPL

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.0485%/8h= −53.1% APRnext payment −$0.61 per $10,000 · paid last 24h −0.094%

Price spread now: dYdX against Phoenix−0.209%106s7-day average — · you buy dearer than you sell

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

Long on Phoenix Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$15 a day on $10k at the current rate, and dYdX is 0.209% cheaper against Phoenix than usual: you would sell low and buy high (−$21 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 106 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix XPL	0.09766	0.0485	pay 0.0061% / 1h	33m 35s	$197K	$646K	10x
Short	dYdX XPL-USD	0.09746	0	get 0.0000% / 1h	33m 35s	$8K	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Phoenix. 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 PhoenixbpFee dYdXbpOrdersPrice spread, now −0.209%Rate

Funding earned: −$101.8
Price spread: −0.209% → 0.000%: −$20.88
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$139.68
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Phoenix: live order book, 54 min ago; dYdX: no order-book sample. 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 Phoenix live order book, 54 min ago	1.01 bp	14.6 bp −$15	55.7 bp −$557	doesn't fit	doesn't fit
Sell dYdX no order-book sample	—	—	—	—	—

dYdX: 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	−0.0112%	1h	0.09738	−0.287%	$4.4M	$4.3M	10x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0075% / S +0.0482%	1h	0.09755	−0.116%	$112K	—	100x	as long as short
dYdX XPL-USDshort	0.0000%	1h	0.09746	−0.209%	$8K	—	5x
01 Exchange XPLUSD	0.0000%	1h	0.09749	−0.174%	$567	$582	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−22.481%	—	—	—	as long as short
Deribit XPL_USDC-PERPETUAL	0.0000%	1h	0.09757	−0.092%	$47K	$18K	25x	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09756	−0.103%	$72K	—	150x	as long as short
Backpack XPL_USDC_PERP	+0.0025%	1h	0.09757	−0.092%	$178K	$283K	10x	as long as short
Orderly PERP_XPL_USDC	+0.0083%	4h	0.09752	−0.143%	$27K	$333K	10x	as long as short
Paradex XPL-USD-PERP	+0.0095%	8h	0.09753	−0.135%	$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	0.09728	−0.389%	$1.4M	$2.6M	10x	as long as short
Hyperliquid XPL	+0.0100%	1h	0.09761	−0.047%	$62.7M	$47.1M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09752	−0.138%	$252K	$527K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09754	−0.126%	$221K	$45K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09747	−0.195%	$44.0M	$104.4M	75x	as long as short
Bybit XPLUSDT	+0.0100%	4h	0.09728	−0.389%	$47.4M	$53.3M	75x	as long as short
OKX XPL-USDT-SWAP	+0.0100%	4h	0.09731	−0.358%	$9.0M	$52.9M	50x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09822	+0.578%	$142K	$11K	10x	as long as short
Gate XPL_USDT	+0.0100%	4h	0.09753	−0.133%	$3.0M	$4.0M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09750	−0.164%	$12.7M	$7.7M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09746	−0.205%	$2.4M	$1.4M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09754	−0.123%	$8.6M	$11.0M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09750	−0.164%	—	$7.9M	—	as long as short
Variational Omni XPL	+0.0100%	4h	0.09764	−0.019%	$1.7M	$1.9M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09764	−0.022%	$264K	$786K	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09780	+0.143%	$25K	$86K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09766	−0.005%	$130K	$2.7M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09740	−0.266%	$3K	$2.0M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09750	−0.164%	$207	$10K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09764	−0.020%	$138K	$245K	20x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09750	−0.165%	$658K	$1.1M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09759	−0.072%	$38K	$5K	3x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09769	+0.031%	$1.8M	$1.2M	75x	as long as short
Phoenix XPLlong	+0.0485%	1h	0.09766	long leg	$197K	$646K	10x
Coinbase International XPL-PERP-INTX	+0.0824%	1h	0.09844	+0.799%	$74K	$105K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.3486%	1h	0.09810	+0.455%	$516K	$940K	10x	as long as short