XPL

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Variational Omni against Polymarket Perps+0.471%7-day average −0.104% · you sell dearer than you buy

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

Long on Polymarket Perps Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)0.000%$0 on $10k

Price spread, last 3 days (all we have)−0.535%−$54 · spread now +0.471%, 7d avg −0.104%

Together, before fees−0.535%+ Points / potential airdropVariational Omni: Active · farm board−$54 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: Variational Omni is 0.575% dearer against Polymarket Perps than usual: you sell high and buy low, +$58 on $10k if it goes back to its 7-day average of −0.104%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps XPL-USD	0.09852	0.0100	pay 0.0013% / 1h	57m 19s	$133K	$2.7M	10x
Short	Variational Omni XPL	0.09899	0.0100	get 0.0050% / 4h	2h 57m	$1.7M	$1.9M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Polymarket Perps. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpOrdersPrice spread, now +0.471%Rate

Funding earned: $0
Price spread: +0.471% → −0.104%: $57.53
Slippage, 4 orders: no order book: not counted
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $49.53
Costs to cover: 0.080%
Break-even: from the start

Slippage unknown: Polymarket Perps: live order book, 2 min ago; Variational Omni: RFQ quote, 2 min ago. 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, 2 min ago	1.92 bp	5.9 bp −$6	6.6 bp −$66	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 2 min ago	4.05 bp	doesn't fit	18.2 bp −$182	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	−0.0072%	1h	0.09835	−0.175%	$4.4M	$4.2M	10x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0064% / S +0.0475%	1h	0.09840	−0.120%	$113K	—	100x	as long as short
Backpack XPL_USDC_PERP	−0.0051%	1h	0.09852	−0.002%	$184K	$285K	10x	as long as short
01 Exchange XPLUSD	−0.0016%	1h	0.09836	−0.164%	$572	$582	5x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09836	−0.164%	$8K	—	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−23.155%	—	—	—	as long as short
Deribit XPL_USDC-PERPETUAL	0.0000%	1h	0.09845	−0.073%	$49K	$17K	25x	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09842	−0.102%	$73K	—	150x	as long as short
Orderly PERP_XPL_USDC	+0.0080%	4h	0.09842	−0.104%	$27K	$333K	10x	as long as short
Paradex XPL-USD-PERP	+0.0099%	8h	0.09823	−0.298%	$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	0.09840	−0.124%	$1.4M	$2.6M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09837	−0.151%	$255K	$514K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09840	−0.124%	$223K	$19K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09842	−0.104%	$44.8M	$102.8M	75x	as long as short
Bybit XPLUSDT	+0.0100%	4h	0.09837	−0.154%	$47.6M	$51.9M	75x	as long as short
OKX XPL-USDT-SWAP	+0.0100%	4h	0.09843	−0.093%	$9.2M	$53.2M	50x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09901	+0.495%	$143K	$11K	10x	as long as short
Gate XPL_USDT	+0.0100%	4h	0.09835	−0.175%	$3.0M	$4.0M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09837	−0.154%	$13.2M	$7.5M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09844	−0.083%	$2.4M	$1.4M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09845	−0.073%	$8.7M	$11.0M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09840	−0.124%	—	$7.9M	—	as long as short
Variational Omni XPLshort	+0.0100%	4h	0.09899	+0.471%	$1.7M	$1.9M	—
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09866	+0.142%	$268K	$782K	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09890	+0.384%	$26K	$82K	50x	as long as short
Polymarket Perps XPL-USDlong	+0.0100%	1h	0.09852	long leg	$133K	$2.7M	10x
SunX XPL-USDT	+0.0100%	4h	0.09820	−0.327%	$2K	$2.0M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09860	+0.079%	$208	$10K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09863	+0.110%	$140K	$246K	20x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09829	−0.231%	$701K	$1.0M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09846	−0.062%	$38K	$5K	3x	as long as short
Hyperliquid XPL	+0.0184%	1h	0.09857	+0.053%	$65.1M	$45.2M	10x	as long as short
Phoenix XPL	+0.0318%	1h	0.09887	+0.353%	$202K	$646K	10x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09893	+0.414%	$1.8M	$1.2M	75x	as long as short
Coinbase International XPL-PERP-INTX	+0.0824%	1h	0.09965	+1.145%	$75K	$106K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.3454%	1h	0.09899	+0.480%	$296K	$674K	10x	as long as short