XPL

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC+0.0422%/8h= +46.2% APRnext payment +$0.53 per $10,000 · paid last 24h +0.119%

Price spread now: Phoenix against 01 Exchange+1.022%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 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 +$13 a day on $10k at the current rate, and Phoenix is 1.022% dearer against 01 Exchange than usual: you sell high and buy low: +$102 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	0.09787	−0.0104	get 0.0013% / 1h	55m 17s	$569	$582	5x
Short	Phoenix XPL	0.09887	0.0318	get 0.0040% / 1h	55m 17s	$202K	$646K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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 PhoenixbpOrdersPrice spread, now +1.022%Rate

Funding earned: $88.57
Price spread: +1.022% → 0.000%: $102.18
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $176.74
Costs to cover: 0.140%
Break-even: from the start

Slippage unknown: 01 Exchange: no order-book sample; Phoenix: live order book, 32 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 Phoenix live order book, 32 min ago	1.01 bp	14.6 bp −$15	48.3 bp −$483	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
Deribit XPL_USDC-PERPETUAL	−0.0260%	1h	0.09798	+0.112%	$49K	$17K	25x	as long as short
Backpack XPL_USDC_PERP	−0.0186%	1h	0.09793	+0.061%	$183K	$282K	10x	as long as short
Lighter XPL	−0.0128%	1h	0.09788	+0.010%	$4.4M	$4.2M	10x	as long as short
01 Exchange XPLUSDlong	−0.0104%	1h	0.09787	long leg	$569	$582	5x
GMX XPL/USD [WBTC.b-USDC]	L −0.0065% / S +0.0476%	1h	0.09801	+0.146%	$112K	—	100x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09789	+0.019%	$8K	—	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−22.643%	—	—	—	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09800	+0.138%	$72K	—	150x	as long as short
Orderly PERP_XPL_USDC	+0.0080%	4h	0.09796	+0.092%	$27K	$333K	10x	as long as short
Paradex XPL-USD-PERP	+0.0097%	8h	0.09789	+0.018%	$13K	$2K	5x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado XPL-PERP	+0.0100%	1h	0.09791	+0.038%	$1.4M	$2.6M	10x	as long as short
Hyperliquid XPL	+0.0100%	1h	0.09808	+0.212%	$64.5M	$45.6M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09800	+0.133%	$254K	$514K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09794	+0.074%	$222K	$19K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09795	+0.083%	$44.6M	$102.9M	75x	as long as short
Bybit XPLUSDT	+0.0100%	4h	0.09795	+0.082%	$47.3M	$51.9M	75x	as long as short
OKX XPL-USDT-SWAP	+0.0100%	4h	0.09798	+0.112%	$9.1M	$52.9M	50x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09901	+1.165%	$143K	$11K	10x	as long as short
Gate XPL_USDT	+0.0100%	4h	0.09795	+0.082%	$3.0M	$4.0M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09797	+0.102%	$13.1M	$7.5M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09801	+0.143%	$2.4M	$1.4M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09776	−0.112%	$8.6M	$11.0M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09769	−0.184%	—	$7.9M	—	as long as short
Variational Omni XPL	+0.0100%	4h	0.09837	+0.515%	$1.7M	$1.9M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09841	+0.554%	$267K	$782K	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09840	+0.542%	$25K	$82K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09804	+0.179%	$132K	$2.7M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09780	−0.072%	$2K	$2.0M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09790	+0.031%	$204	$10K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09833	+0.470%	$139K	$245K	20x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09795	+0.083%	$695K	$1.0M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09802	+0.154%	$38K	$5K	3x	as long as short
Phoenix XPLshort	+0.0318%	1h	0.09887	+1.022%	$202K	$646K	10x
BloFin XPL-USDT	+0.0340%	4h	0.09798	+0.112%	$1.8M	$1.2M	75x	as long as short
Coinbase International XPL-PERP-INTX	+0.0824%	1h	0.09965	+1.819%	$75K	$106K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.3466%	1h	0.09865	+0.792%	$310K	$691K	10x	as long as short