XPL

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0243%/8h= +26.6% APRnext payment +$0.30 per $10,000 · paid last 24h +0.033%

Price spread now: ApeX Omni against Backpack−0.083%84s7-day average — · you buy dearer than you sell

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

Long on Backpack Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.046%−$5 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. ApeX Omni is 0.083% cheaper against Backpack than usual: you would sell low and buy high (spread −0.083% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$8 on $10k: about 27 hours of funding at the current rate (+$7 a day). The two prices were read 84 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.046% in total (about -2.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.30 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack XPL_USDC_PERP	0.09678	−0.0143	get 0.0018% / 1h	21m 53s	$179K	$244K	10x
Short	ApeX Omni XPLUSDT	0.09670	0.0100	get 0.0013% / 1h	21m 53s	$25K	$83K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Backpack. 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 BackpackbpFee ApeX OmnibpOrdersPrice spread, now −0.083%Rate

Funding earned: $51.05
Price spread: −0.083% → 0.000%: −$8.27
Slippage, 4 orders: no order book: not counted
Fee Backpack: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: $22.78
Costs to cover: 0.200%
Break-even: 3.9 days

Slippage unknown: Backpack: live order book, 46 min ago; ApeX Omni: no order-book sample. 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 Backpack live order book, 46 min ago	1.01 bp	12.1 bp −$12	doesn't fit	doesn't fit	doesn't fit
Sell ApeX Omni no order-book sample	—	—	—	—	—

ApeX Omni: 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 XPLUSD	−0.0224%	1h	0.09677	−0.010%	$563	$708	5x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0199% / S +0.0563%	1h	0.09677	−0.011%	$111K	—	100x	as long as short
Backpack XPL_USDC_PERPlong	−0.0143%	1h	0.09678	long leg	$179K	$244K	10x
dYdX XPL-USD	0.0000%	1h	0.09676	−0.024%	$8K	—	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−21.774%	—	—	—	as long as short
Deribit XPL_USDC-PERPETUAL	0.0000%	1h	0.09676	−0.021%	$46K	$18K	25x	as long as short
Orderly PERP_XPL_USDC	+0.0001%	4h	0.09672	−0.062%	$29K	$335K	10x	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0003%	1h	0.09678	0.000%	$60K	—	150x	as long as short
OKX XPL-USDT-SWAP	+0.0058%	4h	0.09662	−0.165%	$8.4M	$54.9M	50x	as long as short
Paradex XPL-USD-PERP	+0.0063%	8h	0.09685	+0.077%	$13K	$2K	5x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter XPL	+0.0096%	1h	0.09666	−0.124%	$4.4M	$4.2M	10x	as long as short
Nado XPL-PERP	+0.0100%	1h	0.09674	−0.044%	$1.2M	$2.8M	10x	as long as short
Hyperliquid XPL	+0.0100%	1h	0.09683	+0.054%	$61.8M	$47.7M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09678	+0.004%	$246K	$513K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09684	+0.057%	$220K	$47K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09662	−0.163%	$43.9M	$110.0M	75x	as long as short
Bybit XPLUSDT	+0.0100%	4h	0.09661	−0.176%	$46.5M	$57.7M	75x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09675	−0.028%	$141K	$7K	10x	as long as short
Gate XPL_USDT	+0.0100%	4h	0.09659	−0.196%	$3.0M	$3.8M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09668	−0.103%	$12.7M	$7.9M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09656	−0.227%	$2.3M	$1.5M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09661	−0.176%	$8.6M	$11.3M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09662	−0.165%	—	$8.0M	—	as long as short
Variational Omni XPL	+0.0100%	4h	0.09672	−0.063%	$1.7M	$1.8M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09669	−0.093%	$264K	$877K	10x	as long as short
ApeX Omni XPLUSDTshort	+0.0100%	1h	0.09670	−0.083%	$25K	$83K	50x
Polymarket Perps XPL-USD	+0.0100%	1h	0.09687	+0.094%	$130K	$2.6M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09670	−0.083%	$2K	$1.9M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09670	−0.083%	$194	$11K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09676	−0.021%	$143K	$258K	20x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09659	−0.192%	$655K	$1.1M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09677	−0.007%	$29K	$18K	3x	as long as short
Phoenix XPL	+0.0328%	1h	0.09675	−0.031%	$196K	$657K	10x	as long as short
Coinbase International XPL-PERP-INTX	+0.0496%	1h	0.09766	+0.909%	$78K	$95K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.4403%	1h	0.09715	+0.387%	$551K	$1.0M	10x	as long as short