XPL

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.00 per $10,000 · paid last 24h −0.005%

Price spread now: Extended against Polymarket Perps+0.242%49s7-day average −0.130% · you sell dearer than you buy

Net, funding: paid 7d − costs−$33as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$320.317% of the position

Long on Polymarket Perps Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.010%−$1 on $10k

Price spread, last 3 days (all we have)−0.804%−$80 · spread now +0.242%, 7d avg −0.130%

Together, before fees−0.814%+ Points / potential airdropExtended: Active · farm board−$81 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Extended is 0.371% dearer against Polymarket Perps than usual: you sell high and buy low, +$37 on $10k if it goes back to its 7-day average of −0.130%. The two prices were read 49 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	Polymarket Perps XPL-USD	0.09717	0.0100	pay 0.0013% / 1h	48m 35s	$131K	$2.7M	10x
Short	Extended XPL-USD	0.09741	0.0104	get 0.0013% / 1h	48m 35s	$653K	$1.1M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Polymarket Perps. 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 Polymarket PerpsbpFee ExtendedbpOrdersPrice spread, now +0.242%Rate

Funding earned: $0.84
Price spread: +0.242% → −0.130%: $37.15
Slippage, 4 orders: −$18.74
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $6.25
Costs to cover: 0.317%
Break-even: from the start

Slippage from Polymarket Perps: live order book, 5 min ago; Extended: live order book, 5 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 Polymarket Perps live order book, 5 min ago	1.80 bp	5.8 bp −$6	7.7 bp −$77	doesn't fit	doesn't fit
Sell Extended live order book, 5 min ago	1.54 bp	6.0 bp −$6	22.0 bp −$220	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
Lighter XPL	−0.0304%	1h	0.09728	+0.111%	$4.4M	$4.2M	10x	as long as short
Backpack XPL_USDC_PERP	−0.0264%	1h	0.09715	−0.023%	$179K	$283K	10x	as long as short
Deribit XPL_USDC-PERPETUAL	−0.0162%	1h	0.09713	−0.043%	$47K	$18K	25x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0067% / S +0.0477%	1h	0.09713	−0.040%	$112K	—	100x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09741	+0.245%	$8K	—	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−22.089%	—	—	—	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09714	−0.035%	$72K	—	150x	as long as short
Orderly PERP_XPL_USDC	+0.0080%	4h	0.09708	−0.095%	$27K	$333K	10x	as long as short
Paradex XPL-USD-PERP	+0.0095%	8h	0.09749	+0.330%	$13K	$2K	5x	as long as short
Nado XPL-PERP	+0.0100%	1h	0.09740	+0.240%	$1.4M	$2.6M	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid XPL	+0.0100%	1h	0.09740	+0.238%	$62.7M	$47.0M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09737	+0.203%	$252K	$527K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09745	+0.288%	$221K	$19K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09744	+0.273%	$44.1M	$104.0M	75x	as long as short
Bybit XPLUSDT	+0.0100%	4h	0.09738	+0.214%	$47.0M	$52.5M	75x	as long as short
OKX XPL-USDT-SWAP	+0.0100%	4h	0.09742	+0.255%	$9.0M	$52.8M	50x	as long as short
Gate XPL_USDT	+0.0100%	4h	0.09737	+0.204%	$3.0M	$4.0M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09740	+0.235%	$12.8M	$7.6M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09735	+0.183%	$2.4M	$1.4M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09743	+0.266%	$8.6M	$11.0M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09734	+0.173%	—	$7.9M	—	as long as short
Variational Omni XPL	+0.0100%	4h	0.09735	+0.179%	$1.6M	$1.9M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09737	+0.205%	$264K	$782K	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09740	+0.235%	$25K	$86K	50x	as long as short
Polymarket Perps XPL-USDlong	+0.0100%	1h	0.09717	long leg	$131K	$2.7M	10x
SunX XPL-USDT	+0.0100%	4h	0.09690	−0.280%	$2K	$2.0M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09710	−0.074%	$206	$10K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09726	+0.091%	$138K	$245K	20x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09730	+0.132%	$140K	$11K	10x	as long as short
Extended XPL-USDshort	+0.0104%	1h	0.09741	+0.242%	$653K	$1.1M	25x
Aevo XPL-PERP	+0.0104%	1h	0.09715	−0.020%	$38K	$5K	3x	as long as short
01 Exchange XPLUSD	+0.0176%	1h	0.09740	+0.235%	$566	$582	5x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09708	−0.095%	$1.8M	$1.1M	75x	as long as short
Phoenix XPL	+0.0485%	1h	0.09742	+0.255%	$199K	$646K	10x	as long as short
Coinbase International XPL-PERP-INTX	+0.0824%	1h	0.09965	+2.550%	$75K	$106K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.3483%	1h	0.09816	+1.021%	$518K	$932K	10x	as long as short