XPL

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0676%/8h= −74.0% APRnext payment −$0.84 per $10,000 · paid last 24h −0.141%

Price spread now: GMX against Polymarket Perps−0.079%7-day average −0.062% · you buy dearer than you sell

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

Long on Polymarket Perps Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.202%−$20 on $10k

Price spread, last 4 days (all we have)+0.223%+$22 · spread now −0.079%, 7d avg −0.062%

Together, before fees+0.021%+$2 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.062%, so right now this pair is about funding alone: −$20 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.202% in total (about -22.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.84 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	Polymarket Perps XPL-USD	0.09610	0.0100	pay 0.0013% / 1h	41m 13s	$128K	$2.6M	10x
Short	GMX XPL/USD [WBTC.b-USDC]	0.09602	L −0.0247% / S +0.0576%	pay 0.0072% / 1h	41m 13s	$106K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now −0.079%Rate

Funding earned: −$141.89
Price spread: −0.079% → −0.062%: −$1.75
Slippage, 4 orders: no order book: not counted
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee GMX: 6 bp × 2 orders: −$12
Net: −$163.64
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Polymarket Perps: live order book, 3 min ago; GMX: 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 Polymarket Perps live order book, 3 min ago	1.51 bp	5.5 bp −$6	6.4 bp −$64	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: 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
Backpack XPL_USDC_PERP	−0.0603%	1h	0.09621	+0.116%	$180K	$242K	10x	as long as short
01 Exchange XPLUSD	−0.0432%	1h	0.09586	−0.249%	$557	$708	5x	as long as short
Deribit XPL_USDC-PERPETUAL	−0.0271%	1h	0.09592	−0.186%	$46K	$18K	25x	as long as short
GMX XPL/USD [WBTC.b-USDC]short	L −0.0247% / S +0.0576%	1h	0.09602	−0.079%	$106K	—	100x
Orderly PERP_XPL_USDC	−0.0005%	4h	0.09592	−0.186%	$29K	$335K	10x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09596	−0.142%	$8K	—	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−21.220%	—	—	—	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09602	−0.077%	$72K	—	150x	as long as short
Lighter XPL	+0.0024%	1h	0.09584	−0.270%	$4.3M	$4.2M	10x	as long as short
OKX XPL-USDT-SWAP	+0.0034%	4h	0.09591	−0.197%	$8.3M	$53.1M	50x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex XPL-USD-PERP	+0.0052%	8h	0.09590	−0.204%	$12K	$2K	5x	as long as short
Gate XPL_USDT	+0.0098%	4h	0.09598	−0.124%	$2.9M	$3.7M	75x	as long as short
Nado XPL-PERP	+0.0100%	1h	0.09599	−0.111%	$1.2M	$2.8M	10x	as long as short
Hyperliquid XPL	+0.0100%	1h	0.09613	+0.031%	$60.4M	$48.2M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09609	−0.013%	$244K	$500K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09596	−0.139%	$219K	$47K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09591	−0.199%	$43.4M	$108.7M	75x	as long as short
Bybit XPLUSDT	+0.0100%	4h	0.09587	−0.238%	$45.5M	$56.8M	75x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09540	−0.727%	$139K	$7K	10x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09593	−0.176%	$12.4M	$7.9M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09593	−0.176%	$2.3M	$1.5M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09597	−0.134%	$8.5M	$11.1M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09595	−0.155%	—	$8.0M	—	as long as short
Variational Omni XPL	+0.0100%	4h	0.09526	−0.875%	$1.7M	$1.8M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09616	+0.062%	$260K	$901K	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09620	+0.105%	$25K	$83K	50x	as long as short
Polymarket Perps XPL-USDlong	+0.0100%	1h	0.09610	long leg	$128K	$2.6M	10x
SunX XPL-USDT	+0.0100%	4h	0.09580	−0.311%	$2K	$1.9M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09590	−0.207%	$2K	$11K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09605	−0.051%	$144K	$264K	20x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09588	−0.226%	$632K	$1.1M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09590	−0.207%	$28K	$18K	3x	as long as short
Phoenix XPL	+0.0248%	1h	0.09573	−0.384%	$194K	$629K	10x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09603	−0.072%	$1.7M	$1.0M	75x	as long as short
Coinbase International XPL-PERP-INTX	+0.0672%	1h	0.09640	+0.313%	$74K	$93K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.3569%	1h	0.09631	+0.219%	$546K	$1.0M	10x	as long as short