XPL

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0381%/8h= +41.7% APRnext payment +$0.48 per $10,000 · paid last 24h +0.063%

Price spread now: Phoenix against Aevo+0.469%7-day average — · you sell dearer than you buy

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

Long on Aevo Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 5 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 +$11 a day on $10k at the current rate, and Phoenix is 0.469% dearer against Aevo than usual: you sell high and buy low: +$47 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	Aevo XPL-PERP	0.09696	0.0104	pay 0.0013% / 1h	6m 26s	$38K	$5K	3x
Short	Phoenix XPL	0.09742	0.0485	get 0.0061% / 1h	6m 26s	$197K	$646K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against Aevo. 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 AevobpFee PhoenixbpOrdersPrice spread, now +0.469%Rate

Funding earned: $79.96
Price spread: +0.469% → 0.000%: $46.92
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $103.88
Costs to cover: 0.230%
Break-even: from the start

Slippage unknown: Aevo: no order-book sample; Phoenix: live order book, 16 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 Aevo no order-book sample	—	—	—	—	—
Sell Phoenix live order book, 16 min ago	1.02 bp	14.7 bp −$15	48.2 bp −$482	doesn't fit	doesn't fit

Aevo: 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
GMX XPL/USD [WBTC.b-USDC]	L −0.0088% / S +0.0491%	1h	0.09673	−0.246%	$111K	—	100x	as long as short
Lighter XPL	−0.0080%	1h	0.09668	−0.294%	$4.4M	$4.3M	10x	as long as short
Backpack XPL_USDC_PERP	−0.0078%	1h	0.09693	−0.036%	$177K	$283K	10x	as long as short
01 Exchange XPLUSD	−0.0072%	1h	0.09664	−0.335%	$562	$708	5x	as long as short
Deribit XPL_USDC-PERPETUAL	−0.0059%	1h	0.09696	−0.005%	$46K	$18K	25x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09689	−0.078%	$8K	—	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−21.925%	—	—	—	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09673	−0.244%	$71K	—	150x	as long as short
Orderly PERP_XPL_USDC	+0.0082%	4h	0.09673	−0.242%	$27K	$333K	10x	as long as short
Paradex XPL-USD-PERP	+0.0089%	8h	0.09670	−0.272%	$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	0.09662	−0.351%	$1.4M	$2.6M	10x	as long as short
Hyperliquid XPL	+0.0100%	1h	0.09679	−0.180%	$62.1M	$47.3M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09665	−0.320%	$250K	$527K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09681	−0.162%	$219K	$45K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09667	−0.304%	$43.5M	$105.5M	75x	as long as short
Bybit XPLUSDT	+0.0100%	4h	0.09673	−0.242%	$47.1M	$53.6M	75x	as long as short
OKX XPL-USDT-SWAP	+0.0100%	4h	0.09674	−0.232%	$8.9M	$53.1M	50x	as long as short
Gate XPL_USDT	+0.0100%	4h	0.09672	−0.253%	$3.0M	$4.0M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09664	−0.335%	$12.6M	$7.7M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09673	−0.242%	$2.4M	$1.4M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09672	−0.253%	$8.5M	$11.1M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09672	−0.253%	—	$7.9M	—	as long as short
Variational Omni XPL	+0.0100%	4h	0.09696	−0.002%	$1.7M	$1.9M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09704	+0.075%	$262K	$775K	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09720	+0.242%	$25K	$87K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09678	−0.192%	$128K	$2.7M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09680	−0.170%	$3K	$2.0M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09690	−0.067%	$199	$10K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09703	+0.067%	$138K	$246K	20x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09695	−0.015%	$140K	$11K	10x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09671	−0.263%	$657K	$1.1M	25x	as long as short
Aevo XPL-PERPlong	+0.0104%	1h	0.09696	long leg	$38K	$5K	3x
BloFin XPL-USDT	+0.0340%	4h	0.09693	−0.036%	$1.7M	$1.1M	75x	as long as short
Phoenix XPLshort	+0.0485%	1h	0.09742	+0.469%	$197K	$646K	10x
Coinbase International XPL-PERP-INTX	+0.0824%	1h	0.09783	+0.892%	$74K	$103K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.3506%	1h	0.09752	+0.573%	$514K	$945K	10x	as long as short