XPL

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0240%/8h= +26.3% APRnext payment +$1.20 per $10,000 · paid last 24h +0.072%

Price spread now: BloFin against SunX+0.411%55s7-day average +0.138% · you sell dearer than you buy

Net, funding: paid 7d − costs−$294as 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−$3393.389% of the position

Long on SunX Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.450%+$45 on $10k

Price spread, last 4 days (all we have)−0.188%−$19 · spread now +0.411%, 7d avg +0.138%

Together, before fees+0.262%+$26 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and BloFin is 0.273% dearer against SunX than usual: you sell high and buy low: +$27 more if the spread goes back to its 7-day average of +0.138%. The two prices were read 55 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	SunX XPL-USDT	0.09490	0.0100	pay 0.0050% / 4h	3h 39m	$3K	$1.6M	20x
Short	BloFin XPL-USDT	0.09529	0.0340	get 0.0170% / 4h	3h 39m	$1.7M	$923K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against SunX. 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 SunXbpFee BloFinbpOrdersPrice spread, now +0.411%Rate

Funding earned: $50.4
Price spread: +0.411% → +0.138%: $27.25
Slippage, 4 orders: −$318.85
Fee SunX: 4 bp × 2 orders: −$8
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$261.2
Costs to cover: 3.389%
Break-even: 43.3 days

Slippage from SunX: live order book, 6 min ago; BloFin: live order book, 3 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 SunX live order book, 6 min ago	36.71 bp	163.4 bp −$163	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 3 min ago	1.05 bp	11.8 bp −$12	19.9 bp −$199	70.7 bp −$7,068	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	−0.1320%	1h	0.09499	+0.095%	$4.3M	$3.1M	10x	as long as short
01 Exchange XPLUSD	−0.0440%	1h	0.09497	+0.074%	$552	$873	5x	as long as short
Bybit XPLUSDT	−0.0348%	4h	0.09493	+0.032%	$45.1M	$54.1M	75x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0234% / S +0.0570%	1h	0.09530	+0.417%	$105K	—	100x	as long as short
Paradex XPL-USD-PERP	−0.0104%	8h	0.09507	+0.178%	$12K	$696	5x	as long as short
Gate XPL_USDT	−0.0080%	4h	0.09507	+0.179%	$2.9M	$3.3M	75x	as long as short
Deribit XPL_USDC-PERPETUAL	−0.0065%	1h	0.09514	+0.253%	$46K	$18K	25x	as long as short
OKX XPL-USDT-SWAP	−0.0028%	4h	0.09492	+0.021%	$7.6M	$47.3M	50x	as long as short
Orderly PERP_XPL_USDC	−0.0025%	4h	0.09506	+0.169%	$30K	$261K	10x	as long as short
Backpack XPL_USDC_PERP	−0.0013%	1h	0.09518	+0.295%	$178K	$179K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX XPL-USD	0.0000%	1h	0.09515	+0.262%	$9K	$600	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−20.223%	—	—	—	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09505	+0.157%	$72K	—	150x	as long as short
Nado XPL-PERP	+0.0100%	1h	0.09499	+0.100%	$1.3M	$2.2M	10x	as long as short
Hyperliquid XPL	+0.0100%	1h	0.09510	+0.216%	$60.2M	$45.7M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09510	+0.209%	$251K	$402K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09521	+0.326%	$218K	$46K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09498	+0.087%	$43.2M	$98.0M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09497	+0.074%	$12.5M	$6.5M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09499	+0.095%	$2.3M	$1.2M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09506	+0.169%	$9.0M	$9.9M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09499	+0.095%	—	$7.8M	—	as long as short
Variational Omni XPL	+0.0100%	4h	0.09516	+0.273%	$1.7M	$1.9M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09520	+0.316%	$255K	$1.3M	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09520	+0.316%	$25K	$73K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09518	+0.291%	$125K	$1.7M	10x	as long as short
SunX XPL-USDTlong	+0.0100%	4h	0.09490	long leg	$3K	$1.6M	20x
SoDEX XPL-USD	+0.0100%	1h	0.09510	+0.211%	$191	$9K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09501	+0.116%	$131K	$212K	20x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09540	+0.531%	$139K	$0	10x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09500	+0.110%	$588K	$1.1M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09510	+0.211%	$28K	$18K	3x	as long as short
Phoenix XPL	+0.0251%	1h	0.09548	+0.611%	$193K	$494K	10x	as long as short
BloFin XPL-USDTshort	+0.0340%	4h	0.09529	+0.411%	$1.7M	$923K	75x
Coinbase International XPL-PERP-INTX	+0.0536%	1h	0.09596	+1.117%	$64K	$92K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.2715%	1h	0.09552	+0.654%	$542K	$953K	10x	as long as short