XPL

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0061%/8h= −6.6% APRnext payment −$0.30 per $10,000 · paid last 24h −0.022%

Price spread now: Orderly against Binance+0.035%7-day average −0.045% · you sell dearer than you buy

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

Long on Binance Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days−0.192%−$19 on $10k

Price spread, last 4 days (all we have)−0.257%−$26 · spread now +0.035%, 7d avg −0.045%

Together, before fees−0.449%−$45 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Orderly is 0.080% dearer against Binance than usual: you sell high and buy low (spread +0.035% now, against its 7-day average of −0.045%): +$8 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 4.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance XPLUSDT	0.09498	−0.0022	get 0.0011% / 4h	2h 00m	$43.6M	$95.7M	75x
Short	Orderly PERP_XPL_USDC	0.09501	−0.0082	pay 0.0041% / 4h	2h 00m	$30K	$185K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against Binance. 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 BinancebpFee OrderlybpOrdersPrice spread, now +0.035%Rate

Funding earned: −$12.72
Price spread: +0.035% → −0.045%: $8.02
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$20.69
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 6 min ago; Orderly: 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, 6 min ago	0.52 bp	10.9 bp −$11	23.8 bp −$238	126.3 bp −$12.6K	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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 exchanges

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
Lighter XPL	−0.0912%	1h	0.09493	−0.049%	$4.3M	$3.1M	10x	as long as short
01 Exchange XPLUSD	−0.0504%	1h	0.09501	+0.035%	$552	$873	5x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0411% / S +0.0673%	1h	0.09511	+0.136%	$105K	—	100x	as long as short
Deribit XPL_USDC-PERPETUAL	−0.0276%	1h	0.09506	+0.088%	$47K	$18K	25x	as long as short
Bybit XPLUSDT	−0.0260%	4h	0.09499	+0.014%	$44.9M	$52.1M	75x	as long as short
Extended XPL-USD	−0.0152%	1h	0.09501	+0.031%	$601K	$1.1M	25x	as long as short
Paradex XPL-USD-PERP	−0.0109%	8h	0.09502	+0.046%	$12K	$696	5x	as long as short
Orderly PERP_XPL_USDCshort	−0.0082%	4h	0.09501	+0.035%	$30K	$185K	10x
OKX XPL-USDT-SWAP	−0.0060%	4h	0.09500	+0.025%	$7.5M	$46.4M	50x	as long as short
Binance XPLUSDTlong	−0.0022%	4h	0.09498	long leg	$43.6M	$95.7M	75x

Show all 36 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC XPL_USDT	−0.0020%	4h	0.09500	+0.025%	$13.5M	$6.5M	100x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09506	+0.085%	$9K	$600	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−20.289%	—	—	—	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09496	−0.013%	$72K	—	150x	as long as short
Gate XPL_USDT	+0.0012%	4h	0.09508	+0.109%	$2.9M	$3.4M	75x	as long as short
Aevo XPL-PERP	+0.0080%	1h	0.09446	−0.547%	$28K	$18K	3x	as long as short
Nado XPL-PERP	+0.0100%	1h	0.09503	+0.062%	$1.2M	$2.2M	10x	as long as short
Hyperliquid XPL	+0.0100%	1h	0.09522	+0.255%	$60.4M	$42.1M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09510	+0.132%	$253K	$361K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09502	+0.049%	$217K	$46K	10x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09502	+0.046%	$2.5M	$1.4M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09512	+0.151%	$8.9M	$9.9M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09506	+0.088%	—	$7.7M	—	as long as short
Backpack XPL_USDC_PERP	+0.0100%	1h	0.09498	+0.004%	$179K	$171K	10x	as long as short
Variational Omni XPL	+0.0100%	4h	0.09489	−0.088%	$1.7M	$1.7M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09509	+0.118%	$253K	$1.3M	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09510	+0.130%	$25K	$68K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09514	+0.172%	$125K	$1.2M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09490	−0.081%	$3K	$1.5M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09500	+0.025%	$184	$9K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09492	−0.060%	$132K	$204K	20x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09497	−0.002%	$138K	$5K	10x	as long as short
Phoenix XPL	+0.0166%	1h	0.09526	+0.298%	$193K	$474K	10x	as long as short
BloFin XPL-USDT	+0.0220%	4h	0.09489	−0.091%	$1.7M	$829K	75x	as long as short
Coinbase International XPL-PERP-INTX	+0.0648%	1h	0.09538	+0.425%	$64K	$91K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.1852%	1h	0.09526	+0.303%	$544K	$977K	10x	as long as short