Funding you earn now, next payment 03:00 UTC+0.0334%/8h= +36.6% APRnext payment +$0.42 per $10,000 · paid last 24h —
Price spread now: Phoenix against Reya+26.012%59s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Phoenix is 26.012% dearer against Reya than usual: you sell high and buy low: +$2,601 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 59 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 | Reya XPLRUSDPERP | 0.07571 | 0 | get 0.0000% / 1h | 48m 33s | — | — | — |
| Short | Phoenix XPL | 0.09540 | 0.0334 | get 0.0042% / 1h | 48m 33s | $193K | $617K | 10x |
Reya XPLRUSDPERP
Phoenix XPLFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Reya. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $70.12
- Price spread: +26.012% → 0.000%
- $2,601.18
- Slippage, 4 orders
- no order book: not counted
- Fee Reya: 3 bp × 2 orders
- −$6
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $2,658.3
- Costs to cover
- 0.130%
- Break-even
- from the start
Slippage unknown: Reya: no order-book sample; Phoenix: live order book, 9 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 Reya no order-book sample | — | — | — | — | — |
| Sell Phoenix live order book, 9 min ago | 1.05 bp | 15.0 bp −$15 | 48.1 bp −$481 | doesn't fit | doesn't fit |
Reya: 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 | |
|---|---|---|---|---|---|---|---|---|
| 01 Exchange XPLUSD | −0.0320% | 1h | 0.09510 | +25.616% | $553 | $708 | 5x | as long as short |
| GMX XPL/USD [WBTC.b-USDC] | L −0.0289% / S +0.0602% | 1h | 0.09512 | +25.642% | $105K | — | 100x | as long as short |
| Bybit XPLUSDT | −0.0121% | 4h | 0.09513 | +25.655% | $45.1M | $55.6M | 75x | as long as short |
| Backpack XPL_USDC_PERP | −0.0109% | 1h | 0.09503 | +25.523% | $176K | $226K | 10x | as long as short |
| dYdX XPL-USD | 0.0000% | 1h | 0.09511 | +25.626% | $8K | — | 5x | as long as short |
| Reya XPLRUSDPERPlong | 0.0000% | 1h | 0.07571 | long leg | — | — | — | |
| Deribit XPL_USDC-PERPETUAL | 0.0000% | 1h | 0.09498 | +25.457% | $46K | $18K | 25x | as long as short |
| Orderly PERP_XPL_USDC | +0.0004% | 4h | 0.09495 | +25.417% | $29K | $335K | 10x | as long as short |
| gTrade (Gains Network) XPL/USD | L +0.0005% / S −0.0004% | 1h | 0.09518 | +25.716% | $72K | — | 150x | as long as short |
| Paradex XPL-USD-PERP | +0.0072% | 8h | 0.09514 | +25.673% | $12K | $2K | 5x | as long as short |
01 Exchange XPLUSD
GMX XPL/USD [WBTC.b-USDC]
Bybit XPLUSDT
Backpack XPL_USDC_PERP
dYdX XPL-USD
Deribit XPL_USDC-PERPETUAL
Orderly PERP_XPL_USDC
gTrade (Gains Network) XPL/USD
Paradex XPL-USD-PERPShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter XPL | +0.0096% | 1h | 0.09498 | +25.457% | $4.3M | $3.3M | 10x | as long as short |
| Nado XPL-PERP | +0.0100% | 1h | 0.09519 | +25.734% | $1.2M | $2.7M | 10x | as long as short |
| Hyperliquid XPL | +0.0100% | 1h | 0.09529 | +25.865% | $59.7M | $47.1M | 10x | as long as short |
| Aster XPLUSDT | +0.0100% | 4h | 0.09510 | +25.613% | $241K | $486K | 20x | as long as short |
| Pacifica XPL | +0.0100% | 1h | 0.09509 | +25.602% | $217K | $46K | 10x | as long as short |
| Binance XPLUSDT | +0.0100% | 4h | 0.09518 | +25.722% | $43.2M | $104.7M | 75x | as long as short |
| OKX XPL-USDT-SWAP | +0.0100% | 4h | 0.09517 | +25.708% | $8.2M | $49.5M | 50x | as long as short |
| Gate XPL_USDT | +0.0100% | 4h | 0.09514 | +25.668% | $3.0M | $3.6M | 75x | as long as short |
| MEXC XPL_USDT | +0.0100% | 4h | 0.09519 | +25.734% | $12.3M | $7.7M | 100x | as long as short |
| KuCoin XPLUSDTM | +0.0100% | 4h | 0.09514 | +25.668% | $2.3M | $1.4M | 50x | as long as short |
| Bitget XPLUSDT | +0.0100% | 4h | 0.09520 | +25.748% | $8.5M | $10.3M | 75x | as long as short |
| BingX XPL-USDT | +0.0100% | 4h | 0.09517 | +25.708% | — | $7.9M | — | as long as short |
| Variational Omni XPL | +0.0100% | 4h | 0.09518 | +25.719% | $1.7M | $1.8M | — | as long as short |
| GRVT XPL_USDT_Perp | +0.0100% | 4h | 0.09541 | +26.020% | $254K | $955K | 10x | as long as short |
| ApeX Omni XPLUSDT | +0.0100% | 1h | 0.09530 | +25.880% | $25K | $79K | 50x | as long as short |
| Polymarket Perps XPL-USD | +0.0100% | 1h | 0.09526 | +25.823% | $127K | $2.1M | 10x | as long as short |
| SunX XPL-USDT | +0.0100% | 4h | 0.09490 | +25.351% | $2K | $1.8M | 20x | as long as short |
| SoDEX XPL-USD | +0.0100% | 1h | 0.09500 | +25.483% | $190 | $12K | 10x | as long as short |
| HTX XPL-USDT | +0.0100% | 4h | 0.09534 | +25.933% | $143K | $236K | 20x | as long as short |
| Bulk XPL-USD | +0.0100% | 1h | 0.09565 | +26.342% | $139K | $5K | 10x | as long as short |
| Extended XPL-USD | +0.0104% | 1h | 0.09512 | +25.641% | $643K | $1.1M | 25x | as long as short |
| Aevo XPL-PERP | +0.0104% | 1h | 0.09495 | +25.417% | $28K | $18K | 3x | as long as short |
| Phoenix XPLshort | +0.0334% | 1h | 0.09540 | +26.012% | $193K | $617K | 10x | |
| BloFin XPL-USDT | +0.0340% | 4h | 0.09501 | +25.497% | $1.7M | $984K | 75x | as long as short |
| Coinbase International XPL-PERP-INTX | +0.0616% | 1h | 0.09606 | +26.884% | $74K | $86K | 50x | as long as short |
| Kraken Futures PF_XPLUSD | +0.3345% | 1h | 0.09537 | +25.973% | $541K | $977K | 10x | as long as short |
Lighter XPL
Nado XPL-PERP
Hyperliquid XPL
Aster XPLUSDT
Pacifica XPL
Binance XPLUSDT
OKX XPL-USDT-SWAP
Gate XPL_USDT
MEXC XPL_USDT
KuCoin XPLUSDTM
Bitget XPLUSDT
BingX XPL-USDT
Variational Omni XPL
GRVT XPL_USDT_Perp
ApeX Omni XPLUSDT
Polymarket Perps XPL-USD
SunX XPL-USDT
SoDEX XPL-USD
HTX XPL-USDT
Bulk XPL-USD
Extended XPL-USD
Aevo XPL-PERP
BloFin XPL-USDT
Coinbase International XPL-PERP-INTX
Kraken Futures PF_XPLUSD