XPL

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0328%/8h= +35.9% APRnext payment +$0.41 per $10,000 · paid last 24h −0.096%

Price spread now: Lighter against 01 Exchange+0.031%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 Lighter

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—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Lighter is 0.031% dearer against 01 Exchange than usual: you sell high and buy low: +$3 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	0.09661	−0.0296	get 0.0037% / 1h	5m 54s	$562	$708	5x
Short	Lighter XPL	0.09664	0.0032	get 0.0004% / 1h	5m 54s	$4.4M	$4.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now +0.031%Rate

Funding earned: $68.88
Price spread: +0.031% → 0.000%: $3.11
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Lighter: 0 bp × 2 orders: $0
Net: $64.99
Costs to cover: 0.070%
Break-even: 0.4 days

Slippage unknown: 01 Exchange: no order-book sample; Lighter: live order book, 7 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 Lighter live order book, 7 min ago	3.62 bp	15.9 bp −$16	32.0 bp −$320	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 35 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	−0.0296%	1h	0.09661	long leg	$562	$708	5x
Deribit XPL_USDC-PERPETUAL	−0.0267%	1h	0.09674	+0.135%	$46K	$18K	25x	as long as short
Backpack XPL_USDC_PERP	−0.0212%	1h	0.09670	+0.093%	$179K	$243K	10x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0207% / S +0.0568%	1h	0.09675	+0.141%	$111K	—	100x	as long as short
Orderly PERP_XPL_USDC	−0.0001%	4h	0.09672	+0.114%	$29K	$335K	10x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09677	+0.165%	$8K	—	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−21.638%	—	—	—	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0003%	1h	0.09676	+0.153%	$60K	—	150x	as long as short
Lighter XPLshort	+0.0032%	1h	0.09664	+0.031%	$4.4M	$4.2M	10x
OKX XPL-USDT-SWAP	+0.0044%	4h	0.09665	+0.041%	$8.4M	$53.7M	50x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex XPL-USD-PERP	+0.0044%	8h	0.09671	+0.100%	$13K	$2K	5x	as long as short
Nado XPL-PERP	+0.0100%	1h	0.09667	+0.060%	$1.2M	$2.8M	10x	as long as short
Hyperliquid XPL	+0.0100%	1h	0.09676	+0.156%	$61.6M	$47.5M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09671	+0.104%	$246K	$500K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09681	+0.207%	$220K	$47K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09666	+0.048%	$43.8M	$108.2M	75x	as long as short
Bybit XPLUSDT	+0.0100%	4h	0.09662	+0.010%	$46.5M	$56.5M	75x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09660	−0.010%	$141K	$7K	10x	as long as short
Gate XPL_USDT	+0.0100%	4h	0.09673	+0.124%	$3.0M	$3.9M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09666	+0.052%	$12.6M	$8.0M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09658	−0.031%	$2.3M	$1.5M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09677	+0.166%	$8.6M	$11.1M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09665	+0.041%	—	$8.0M	—	as long as short
Variational Omni XPL	+0.0100%	4h	0.09664	+0.034%	$1.7M	$1.8M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09665	+0.043%	$257K	$891K	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09660	−0.010%	$25K	$83K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09680	+0.195%	$132K	$2.6M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09660	−0.010%	$3K	$1.9M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09670	+0.093%	$197	$11K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09671	+0.104%	$144K	$249K	20x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09663	+0.020%	$655K	$1.1M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09670	+0.097%	$29K	$18K	3x	as long as short
Phoenix XPL	+0.0328%	1h	0.09674	+0.135%	$196K	$657K	10x	as long as short
Coinbase International XPL-PERP-INTX	+0.0496%	1h	0.09766	+1.087%	$78K	$95K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.4403%	1h	0.09714	+0.549%	$551K	$1.0M	10x	as long as short