XPL

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0149%/8h= −16.3% APRnext payment −$0.19 per $10,000 · paid last 24h −0.063%

Price spread now: SoDEX against Phoenix−0.333%7-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 SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 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 −$4 a day on $10k at the current rate, and SoDEX is 0.333% cheaper against Phoenix than usual: you would sell low and buy high (−$33 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix XPL	0.09622	0.0249	pay 0.0031% / 1h	42m 27s	$195K	$495K	10x
Short	SoDEX XPL-USD	0.09590	0.0100	get 0.0013% / 1h	42m 27s	$196	$9K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.333%Rate

Funding earned: −$31.34
Price spread: −0.333% → 0.000%: −$33.26
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$79.6
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Phoenix: live order book, 60 min ago; SoDEX: 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, 60 min ago	1.04 bp	15.0 bp −$15	55.9 bp −$559	doesn't fit	doesn't fit
Sell SoDEX no order-book sample	—	—	—	—	—

SoDEX: 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	−0.1392%	1h	0.09583	−0.405%	$4.3M	$3.1M	10x	as long as short
Deribit XPL_USDC-PERPETUAL	−0.0479%	1h	0.09592	−0.312%	$46K	$18K	25x	as long as short
01 Exchange XPLUSD	−0.0472%	1h	0.09588	−0.353%	$557	$873	5x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0313% / S +0.0615%	1h	0.09606	−0.161%	$106K	—	100x	as long as short
Orderly PERP_XPL_USDC	−0.0015%	4h	0.09589	−0.343%	$30K	$246K	10x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09600	−0.228%	$9K	$600	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−21.318%	—	—	—	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09601	−0.223%	$72K	—	150x	as long as short
Paradex XPL-USD-PERP	+0.0011%	8h	0.09595	−0.278%	$12K	$696	5x	as long as short
Bybit XPLUSDT	+0.0062%	4h	0.09603	−0.197%	$45.8M	$53.7M	75x	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	0.09599	−0.234%	$1.3M	$2.2M	10x	as long as short
Hyperliquid XPL	+0.0100%	1h	0.09599	−0.242%	$60.6M	$46.1M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09606	−0.162%	$254K	$419K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09606	−0.165%	$220K	$46K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09601	−0.218%	$43.5M	$97.8M	75x	as long as short
OKX XPL-USDT-SWAP	+0.0100%	4h	0.09606	−0.166%	$7.8M	$47.9M	50x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09577	−0.467%	$140K	$0	10x	as long as short
Gate XPL_USDT	+0.0100%	4h	0.09596	−0.270%	$3.0M	$3.3M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09591	−0.322%	$12.5M	$6.5M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09594	−0.291%	$2.3M	$1.2M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09618	−0.042%	$9.1M	$9.9M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09597	−0.260%	—	$7.8M	—	as long as short
Backpack XPL_USDC_PERP	+0.0100%	1h	0.09595	−0.281%	$180K	$188K	10x	as long as short
Variational Omni XPL	+0.0100%	4h	0.09607	−0.160%	$1.7M	$2.0M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09606	−0.162%	$255K	$1.3M	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09610	−0.125%	$25K	$75K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09617	−0.053%	$126K	$1.8M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09590	−0.333%	$2K	$1.6M	20x	as long as short
SoDEX XPL-USDshort	+0.0100%	1h	0.09590	−0.333%	$196	$9K	10x
HTX XPL-USDT	+0.0100%	4h	0.09596	−0.270%	$133K	$213K	20x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09594	−0.286%	$601K	$1.2M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09590	−0.333%	$28K	$18K	3x	as long as short
Phoenix XPLlong	+0.0249%	1h	0.09622	long leg	$195K	$495K	10x
BloFin XPL-USDT	+0.0340%	4h	0.09600	−0.229%	$1.7M	$929K	75x	as long as short
Coinbase International XPL-PERP-INTX	+0.0808%	1h	0.09718	+0.998%	$66K	$92K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.2723%	1h	0.09634	+0.120%	$547K	$930K	10x	as long as short