XPL

Alert

Funding spread now, next payment 14:00 UTC+0.0605%/8h

paid, last 24h−0.008%paid, last 7 days−0.216%to open and close $10k−$57

The current rate is far above what this pair has been paying: over the last 7 days it paid -0.216% in total (about -11.3% a year). A funding rate is set anew for every payment. 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	0.1025	−0.0505	get 0.0063% / 1h	40m 18s	$189K	$275K	10x
Short	Bybit XPLUSDT	0.1024	0.0100	get 0.0050% / 4h	2h 40m	$49.5M	$42.4M	75x

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee BackpackbpFee BybitbpOrdersRate

Funding earned: $126.99
Slippage, 4 orders: −$36.23
Fee Backpack: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $69.76
Break-even: 3.2 days

Slippage from Backpack: live order book, 20 min ago; Bybit: live order book, 5 min ago.

Price risk

price view

Price gap now: −0.127%
Avg gap 7d: −0.053%

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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, 20 min ago	0.48 bp	9.1 bp −$9	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 5 min ago	0.49 bp	15.4 bp −$15	52.8 bp −$528	202.9 bp −$20.3K	doesn't fit

XPL on 35 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Backpack XPL_USDC_PERPlong	−0.0505%	1h	$189K	$275K	10x
Lighter XPL	−0.0192%	1h	$4.6M	$3.4M	10x	as long as short
01 Exchange XPLUSD	−0.0032%	1h	$595	$3K	5x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0029% / S +0.0443%	1h	$136K	—	100x	as long as short
dYdX XPL-USD	0.0000%	1h	$9K	—	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	—	—	—	as long as short
Deribit XPL_USDC-PERPETUAL	0.0000%	1h	$44K	$8K	25x	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	$55K	—	150x	as long as short
Orderly PERP_XPL_USDC	+0.0060%	4h	$28K	$331K	10x	as long as short
Paradex XPL-USD-PERP	+0.0093%	8h	$12K	$946	5x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Nado XPL-PERP	+0.0100%	1h	$1.5M	$2.1M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	$312K	$391K	20x	as long as short
Pacifica XPL	+0.0100%	1h	$233K	$17K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	$48.3M	$85.3M	75x	as long as short
Bybit XPLUSDTshort	+0.0100%	4h	$49.5M	$42.4M	75x
OKX XPL-USDT-SWAP	+0.0100%	4h	$10.0M	$50.9M	50x	as long as short
Gate XPL_USDT	+0.0100%	4h	$3.3M	$3.5M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	$14.4M	$6.5M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	$2.8M	$1.3M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	$9.2M	$9.6M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	—	$7.9M	—	as long as short
Variational Omni XPL	+0.0100%	4h	$1.9M	$1.3M	—	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	$32K	$84K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	$143K	$3.8M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	$3K	$1.8M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	$195	$9K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	$152K	$249K	20x	as long as short
Bulk XPL-USD	+0.0100%	1h	$142K	$35K	10x	as long as short
Extended XPL-USD	+0.0104%	1h	$680K	$619K	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	$40K	$5K	3x	as long as short
BloFin XPL-USDT	+0.0340%	4h	$2.0M	$1.1M	75x	as long as short
Phoenix XPL	+0.0385%	1h	$222K	$479K	10x	as long as short
Hyperliquid XPL	+0.0419%	1h	$69.1M	$33.2M	10x	as long as short
Coinbase International XPL-PERP-INTX	+0.0872%	1h	$113K	$138K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.1153%	1h	$121K	$352K	10x	as long as short