Funding you earn now, next payment 07:00 UTC−0.0367%/8h= −40.2% APRpaid last 24h −0.062%
Price spread now: Deribit against Binance+0.080%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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
The price spread pays, funding is against you. Deribit is 0.080% dearer against Binance than usual: you sell high and buy low (spread +0.080% now, against zero (this spread has no 7-day history yet)): +$8 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 17 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance XPLUSDT | 0.09655 | 0.0100 | pay 0.0050% / 4h | 1h 55m | $43.8M | $97.5M | 75x |
| Short | Deribit XPL_USDC-PERPETUAL | 0.09663 | −0.0267 | pay 0.0033% / 1h | 55m 49s | $46K | $18K | 25x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Binance. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$77.11
- Price spread: +0.080% → 0.000%
- $8
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$86.1
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: Binance: live order book, 2 min ago; Deribit: 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 Binance live order book, 2 min ago | 1.03 bp | 10.0 bp −$10 | 21.8 bp −$218 | 132.9 bp −$13.3K | doesn't fit |
| Sell Deribit no order-book sample | — | — | — | — | — |
Deribit: 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 | |
|---|---|---|---|---|---|---|---|---|
| 01 Exchange XPLUSD | −0.0416% | 1h | 0.09660 | +0.049% | $562 | $708 | 5x | as long as short |
| GMX XPL/USD [WBTC.b-USDC] | L −0.0313% / S +0.0615% | 1h | 0.09669 | +0.142% | $107K | — | 100x | as long as short |
| Deribit XPL_USDC-PERPETUALshort | −0.0267% | 1h | 0.09663 | +0.080% | $46K | $18K | 25x | |
| Lighter XPL | −0.0160% | 1h | 0.09652 | −0.034% | $4.4M | $3.0M | 10x | as long as short |
| dYdX XPL-USD | 0.0000% | 1h | 0.09673 | +0.185% | $9K | $600 | 5x | as long as short |
| Reya XPLRUSDPERP | 0.0000% | 1h | 0.07571 | −21.590% | — | — | — | as long as short |
| Orderly PERP_XPL_USDC | +0.0005% | 4h | 0.09661 | +0.059% | $29K | $278K | 10x | as long as short |
| gTrade (Gains Network) XPL/USD | L +0.0005% / S −0.0004% | 1h | 0.09668 | +0.134% | $73K | — | 150x | as long as short |
| Paradex XPL-USD-PERP | +0.0055% | 8h | 0.09660 | +0.054% | $13K | $696 | 5x | as long as short |
| Nado XPL-PERP | +0.0100% | 1h | 0.09660 | +0.049% | $1.2M | $2.2M | 10x | as long as short |
Show all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid XPL | +0.0100% | 1h | 0.09676 | +0.215% | $61.2M | $46.4M | 10x | as long as short |
| Aster XPLUSDT | +0.0100% | 4h | 0.09670 | +0.150% | $254K | $426K | 20x | as long as short |
| Pacifica XPL | +0.0100% | 1h | 0.09670 | +0.150% | $221K | $46K | 10x | as long as short |
| Binance XPLUSDTlong | +0.0100% | 4h | 0.09655 | long leg | $43.8M | $97.5M | 75x | |
| Bybit XPLUSDT | +0.0100% | 4h | 0.09655 | −0.003% | $45.8M | $53.6M | 75x | as long as short |
| OKX XPL-USDT-SWAP | +0.0100% | 4h | 0.09656 | +0.008% | $8.0M | $48.5M | 50x | as long as short |
| Gate XPL_USDT | +0.0100% | 4h | 0.09663 | +0.080% | $3.1M | $3.3M | 75x | as long as short |
| MEXC XPL_USDT | +0.0100% | 4h | 0.09659 | +0.039% | $12.7M | $6.8M | 100x | as long as short |
| KuCoin XPLUSDTM | +0.0100% | 4h | 0.09660 | +0.049% | $2.3M | $1.3M | 50x | as long as short |
| Bitget XPLUSDT | +0.0100% | 4h | 0.09668 | +0.132% | $8.9M | $9.6M | 75x | as long as short |
| BingX XPL-USDT | +0.0100% | 4h | 0.09656 | +0.008% | — | $7.8M | — | as long as short |
| Backpack XPL_USDC_PERP | +0.0100% | 1h | 0.09665 | +0.101% | $175K | $189K | 10x | as long as short |
| Variational Omni XPL | +0.0100% | 4h | 0.09661 | +0.057% | $1.7M | $1.9M | — | as long as short |
| GRVT XPL_USDT_Perp | +0.0100% | 4h | 0.09670 | +0.153% | $260K | $1.2M | 10x | as long as short |
| ApeX Omni XPLUSDT | +0.0100% | 1h | 0.09680 | +0.256% | $25K | $77K | 50x | as long as short |
| Polymarket Perps XPL-USD | +0.0100% | 1h | 0.09676 | +0.211% | $127K | $1.8M | 10x | as long as short |
| SunX XPL-USDT | +0.0100% | 4h | 0.09640 | −0.158% | $2K | $1.6M | 20x | as long as short |
| SoDEX XPL-USD | +0.0100% | 1h | 0.09660 | +0.049% | $201 | $9K | 10x | as long as short |
| HTX XPL-USDT | +0.0100% | 4h | 0.09655 | −0.003% | $138K | $212K | 20x | as long as short |
| Bulk XPL-USD | +0.0100% | 1h | 0.09676 | +0.215% | $141K | $0 | 10x | as long as short |
| Extended XPL-USD | +0.0104% | 1h | 0.09657 | +0.016% | $609K | $1.2M | 25x | as long as short |
| Aevo XPL-PERP | +0.0104% | 1h | 0.09661 | +0.055% | $29K | $18K | 3x | as long as short |
| Phoenix XPL | +0.0251% | 1h | 0.09693 | +0.391% | $196K | $506K | 10x | as long as short |
| BloFin XPL-USDT | +0.0340% | 4h | 0.09685 | +0.308% | $1.7M | $943K | 75x | as long as short |
| Coinbase International XPL-PERP-INTX | +0.0664% | 1h | 0.09718 | +0.650% | $66K | $92K | 50x | as long as short |
| Kraken Futures PF_XPLUSD | +0.2822% | 1h | 0.09701 | +0.472% | $551K | $953K | 10x | as long as short |
Binance XPLUSDT
Deribit XPL_USDC-PERPETUAL
01 Exchange XPLUSD
GMX XPL/USD [WBTC.b-USDC]
Lighter XPL
gTrade (Gains Network) XPL/USD
Paradex XPL-USD-PERP
Hyperliquid XPL
Aster XPLUSDT
Pacifica XPL
Bybit XPLUSDT
OKX XPL-USDT-SWAP
Gate XPL_USDT
MEXC XPL_USDT
KuCoin XPLUSDTM
Bitget XPLUSDT
BingX XPL-USDT
Backpack XPL_USDC_PERP
Variational Omni XPL
GRVT XPL_USDT_Perp
ApeX Omni XPLUSDT
Polymarket Perps XPL-USD
SunX XPL-USDT
SoDEX XPL-USD
HTX XPL-USDT
Bulk XPL-USD
Extended XPL-USD
Phoenix XPL
BloFin XPL-USDT
Coinbase International XPL-PERP-INTX
Kraken Futures PF_XPLUSD