XPL

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0046%/8h= −5.1% APRnext payment −$0.23 per $10,000 · paid last 24h −0.010%

Price spread now: Bybit against SunX+0.031%7-day average +0.137% · you sell dearer than you buy

Net, funding: paid 7d − costs−$431as in the Funding arb table

Net, price: spread back to 7d avg − costs−$431as in the Price arb table

costs, in and out, $10k−$4204.203% of the position

Long on SunX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.111%−$11 on $10k

Price spread, last 4 days (all we have)+0.315%+$32 · spread now +0.031%, 7d avg +0.137%

Together, before fees+0.204%+$20 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Bybit is 0.106% cheaper against SunX than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of +0.137%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX XPL-USDT	0.09680	0.0100	pay 0.0050% / 4h	3h 32m	$3K	$1.7M	20x
Short	Bybit XPLUSDT	0.09683	0.0054	get 0.0027% / 4h	3h 32m	$45.9M	$54.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.031%Rate

Funding earned: −$9.74
Price spread: +0.031% → +0.137%: −$10.58
Slippage, 4 orders: −$401.3
Fee SunX: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$440.62
Costs to cover: 4.203%
Break-even: never at this rate

Slippage from SunX: live order book, 13 min ago; Bybit: live order book, 1 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, 13 min ago	31.09 bp	181.9 bp −$182	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 1 min ago	0.52 bp	9.6 bp −$10	19.8 bp −$198	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
01 Exchange XPLUSD	−0.0400%	1h	0.09688	+0.083%	$563	$708	5x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0304% / S +0.0610%	1h	0.09698	+0.187%	$107K	—	100x	as long as short
Backpack XPL_USDC_PERP	−0.0095%	1h	0.09700	+0.207%	$177K	$190K	10x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09691	+0.115%	$9K	$585	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−21.789%	—	—	—	as long as short
Deribit XPL_USDC-PERPETUAL	0.0000%	1h	0.09699	+0.196%	$46K	$18K	25x	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09697	+0.180%	$73K	—	150x	as long as short
Orderly PERP_XPL_USDC	+0.0011%	4h	0.09692	+0.124%	$29K	$339K	10x	as long as short
Paradex XPL-USD-PERP	+0.0047%	8h	0.09679	−0.009%	$13K	$2K	5x	as long as short
Bybit XPLUSDTshort	+0.0054%	4h	0.09683	+0.031%	$45.9M	$54.3M	75x

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter XPL	+0.0096%	1h	0.09678	−0.021%	$4.4M	$3.0M	10x	as long as short
Nado XPL-PERP	+0.0100%	1h	0.09684	+0.041%	$1.2M	$2.5M	10x	as long as short
Hyperliquid XPL	+0.0100%	1h	0.09702	+0.223%	$61.5M	$46.7M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09693	+0.138%	$252K	$454K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09692	+0.120%	$221K	$46K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09685	+0.055%	$44.0M	$101.5M	75x	as long as short
OKX XPL-USDT-SWAP	+0.0100%	4h	0.09683	+0.031%	$8.2M	$49.0M	50x	as long as short
Gate XPL_USDT	+0.0100%	4h	0.09688	+0.083%	$3.1M	$3.5M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09692	+0.124%	$12.8M	$7.0M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09698	+0.186%	$2.3M	$1.4M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09692	+0.124%	$8.9M	$9.6M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09685	+0.052%	—	$7.8M	—	as long as short
Variational Omni XPL	+0.0100%	4h	0.09694	+0.143%	$1.7M	$1.9M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09690	+0.103%	$256K	$1.0M	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09720	+0.413%	$25K	$78K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09702	+0.225%	$129K	$2.0M	10x	as long as short
SunX XPL-USDTlong	+0.0100%	4h	0.09680	long leg	$3K	$1.7M	20x
SoDEX XPL-USD	+0.0100%	1h	0.09690	+0.103%	$201	$12K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09696	+0.165%	$142K	$192K	20x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09680	0.000%	$141K	$5K	10x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09688	+0.079%	$657K	$1.1M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09695	+0.155%	$29K	$18K	3x	as long as short
Phoenix XPL	+0.0248%	1h	0.09709	+0.300%	$197K	$573K	10x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09694	+0.145%	$1.7M	$969K	75x	as long as short
Coinbase International XPL-PERP-INTX	+0.0640%	1h	0.09722	+0.434%	$75K	$76K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.3099%	1h	0.09719	+0.408%	$553K	$990K	10x	as long as short