XPL

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0151%/8h= +16.5% APRnext payment +$0.19 per $10,000 · paid last 24h +0.067%

Price spread now: Phoenix against SoDEX+0.114%70s7-day average — · you sell dearer than you buy

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

Long on SoDEX Short on Phoenix

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 for this trade now. Funding pays +$5 a day on $10k at the current rate, and Phoenix is 0.114% dearer against SoDEX than usual: you sell high and buy low: +$11 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 70 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	SoDEX XPL-USD	0.09640	0.0100	pay 0.0013% / 1h	18m 11s	$201	$12K	10x
Short	Phoenix XPL	0.09651	0.0251	get 0.0031% / 1h	18m 11s	$195K	$536K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against SoDEX. 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 SoDEXbpFee PhoenixbpOrdersPrice spread, now +0.114%Rate

Funding earned: $31.65
Price spread: +0.114% → 0.000%: $11.41
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $28.06
Costs to cover: 0.150%
Break-even: 0.8 days

Slippage unknown: SoDEX: no order-book sample; Phoenix: live order book, 30 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 SoDEX no order-book sample	—	—	—	—	—
Sell Phoenix live order book, 30 min ago	1.04 bp	15.0 bp −$15	48.2 bp −$482	doesn't fit	doesn't fit

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
01 Exchange XPLUSD	−0.0272%	1h	0.09632	−0.083%	$560	$708	5x	as long as short
Deribit XPL_USDC-PERPETUAL	−0.0268%	1h	0.09648	+0.083%	$46K	$18K	25x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0234% / S +0.0570%	1h	0.09649	+0.096%	$106K	—	100x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09644	+0.040%	$9K	$600	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−21.465%	—	—	—	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09650	+0.104%	$73K	—	150x	as long as short
Orderly PERP_XPL_USDC	+0.0008%	4h	0.09644	+0.041%	$29K	$306K	10x	as long as short
Lighter XPL	+0.0024%	1h	0.09637	−0.031%	$4.4M	$3.0M	10x	as long as short
Paradex XPL-USD-PERP	+0.0065%	8h	0.09640	−0.005%	$13K	$696	5x	as long as short
Nado XPL-PERP	+0.0100%	1h	0.09635	−0.052%	$1.2M	$2.3M	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	0.09656	+0.167%	$61.1M	$46.3M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09652	+0.120%	$254K	$428K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09644	+0.044%	$221K	$47K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09642	+0.022%	$43.7M	$99.8M	75x	as long as short
Bybit XPLUSDT	+0.0100%	4h	0.09639	−0.010%	$45.7M	$53.8M	75x	as long as short
OKX XPL-USDT-SWAP	+0.0100%	4h	0.09641	+0.010%	$8.1M	$48.5M	50x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09581	−0.608%	$140K	$0	10x	as long as short
Gate XPL_USDT	+0.0100%	4h	0.09644	+0.041%	$3.1M	$3.4M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09640	0.000%	$12.4M	$6.9M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09632	−0.083%	$2.3M	$1.3M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09655	+0.156%	$9.2M	$9.7M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09643	+0.031%	—	$7.8M	—	as long as short
Backpack XPL_USDC_PERP	+0.0100%	1h	0.09649	+0.093%	$175K	$190K	10x	as long as short
Variational Omni XPL	+0.0100%	4h	0.09604	−0.375%	$1.7M	$1.9M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09580	−0.622%	$253K	$1.1M	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09570	−0.726%	$25K	$77K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09651	+0.116%	$126K	$1.9M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09630	−0.104%	$2K	$1.7M	20x	as long as short
SoDEX XPL-USDlong	+0.0100%	1h	0.09640	long leg	$201	$12K	10x
HTX XPL-USDT	+0.0100%	4h	0.09632	−0.083%	$137K	$191K	20x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09644	+0.037%	$606K	$1.2M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09629	−0.112%	$29K	$18K	3x	as long as short
Phoenix XPLshort	+0.0251%	1h	0.09651	+0.114%	$195K	$536K	10x
BloFin XPL-USDT	+0.0340%	4h	0.09632	−0.083%	$1.7M	$949K	75x	as long as short
Coinbase International XPL-PERP-INTX	+0.0592%	1h	0.09677	+0.384%	$67K	$90K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.2872%	1h	0.09681	+0.423%	$550K	$958K	10x	as long as short