XPL

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0046%/8h= +5.0% APRnext payment +$0.06 per $10,000 · paid last 24h +0.014%

Price spread now: Backpack against 01 Exchange+0.062%7-day average — · you sell dearer than you buy

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

Long on 01 Exchange Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 4 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 +$1 a day on $10k at the current rate, and Backpack is 0.062% dearer against 01 Exchange than usual: you sell high and buy low: +$6 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange XPLUSD	0.09654	−0.0384	get 0.0048% / 1h	22m 17s	$561	$708	5x
Short	Backpack XPL_USDC_PERP	0.09660	−0.0338	pay 0.0042% / 1h	22m 17s	$182K	$231K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against 01 Exchange. 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 01 ExchangebpFee BackpackbpOrdersPrice spread, now +0.062%Rate

Funding earned: $9.59
Price spread: +0.062% → 0.000%: $6.22
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$1.19
Costs to cover: 0.170%
Break-even: 7.9 days

Slippage unknown: 01 Exchange: no order-book sample; Backpack: live order book, 41 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 01 Exchange no order-book sample	—	—	—	—	—
Sell Backpack live order book, 41 min ago	1.04 bp	12.0 bp −$12	doesn't fit	doesn't fit	doesn't fit

01 Exchange: 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 XPLUSDlong	−0.0384%	1h	0.09654	long leg	$561	$708	5x
Backpack XPL_USDC_PERPshort	−0.0338%	1h	0.09660	+0.062%	$182K	$231K	10x
GMX XPL/USD [WBTC.b-USDC]	L −0.0260% / S +0.0583%	1h	0.09656	+0.024%	$106K	—	100x	as long as short
Bybit XPLUSDT	−0.0043%	4h	0.09638	−0.166%	$45.7M	$56.7M	75x	as long as short
Orderly PERP_XPL_USDC	0.0000%	4h	0.09653	−0.010%	$29K	$335K	10x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09659	+0.052%	$8K	—	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−21.580%	—	—	—	as long as short
Deribit XPL_USDC-PERPETUAL	0.0000%	1h	0.09658	+0.041%	$46K	$18K	25x	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09658	+0.037%	$73K	—	150x	as long as short
OKX XPL-USDT-SWAP	+0.0059%	4h	0.09645	−0.093%	$8.3M	$52.8M	50x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex XPL-USD-PERP	+0.0065%	8h	0.09667	+0.134%	$13K	$2K	5x	as long as short
Lighter XPL	+0.0096%	1h	0.09646	−0.083%	$4.4M	$4.2M	10x	as long as short
Gate XPL_USDT	+0.0096%	4h	0.09658	+0.041%	$3.0M	$3.8M	75x	as long as short
Nado XPL-PERP	+0.0100%	1h	0.09652	−0.023%	$1.2M	$2.8M	10x	as long as short
Hyperliquid XPL	+0.0100%	1h	0.09666	+0.125%	$60.6M	$48.2M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09660	+0.062%	$245K	$497K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09670	+0.166%	$221K	$48K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09652	−0.018%	$43.7M	$108.6M	75x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09610	−0.456%	$140K	$5K	10x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09654	0.000%	$12.4M	$7.9M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09647	−0.073%	$2.3M	$1.5M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09661	+0.073%	$8.6M	$11.1M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09651	−0.031%	—	$8.0M	—	as long as short
Variational Omni XPL	+0.0100%	4h	0.09583	−0.740%	$1.7M	$1.8M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09583	−0.734%	$259K	$922K	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09630	−0.249%	$25K	$83K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09666	+0.125%	$128K	$2.6M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09640	−0.145%	$3K	$1.9M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09650	−0.041%	$2K	$11K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09649	−0.052%	$145K	$263K	20x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09653	−0.011%	$636K	$1.1M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09655	+0.010%	$29K	$18K	3x	as long as short
Phoenix XPL	+0.0248%	1h	0.09610	−0.456%	$195K	$629K	10x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09657	+0.031%	$1.7M	$1.0M	75x	as long as short
Coinbase International XPL-PERP-INTX	+0.0672%	1h	0.09670	+0.166%	$75K	$93K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.3546%	1h	0.09694	+0.413%	$550K	$1.0M	10x	as long as short