XPL

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0020%/8h= −2.2% APRnext payment −$0.10 per $10,000 · paid last 24h 0.000%

Price spread now: MEXC against Bitget−0.052%7-day average −0.027% · you buy dearer than you sell

Net, funding: paid 7d − costs−$27as in the Funding arb table

Net, price: spread back to 7d avg − costs−$35as in the Price arb table

costs, in and out, $10k−$330.325% of the position

Long on Bitget Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.053%+$5 on $10k

Price spread, last 7 days+0.024%+$2 · spread now −0.052%, 7d avg −0.027%

Together, before fees+0.077%+$8 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and MEXC is 0.025% cheaper against Bitget than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.027%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.053%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget XPLUSDT	0.09638	0.0100	pay 0.0050% / 4h	2h 58m	$9.0M	$10.0M	75x
Short	MEXC XPL_USDT	0.09633	0.0080	get 0.0040% / 4h	2h 58m	$13.5M	$6.4M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Bitget. 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 BitgetbpFee MEXCbpOrdersPrice spread, now −0.052%Rate

Funding earned: −$4.2
Price spread: −0.052% → −0.027%: −$2.5
Slippage, 4 orders: −$20.54
Fee Bitget: 6 bp × 2 orders: −$12
Fee MEXC: 0 bp × 2 orders: $0
Net: −$39.23
Costs to cover: 0.325%
Break-even: never at this rate

Slippage from Bitget: live order book, 5 min ago; MEXC: live order book, 5 min ago.

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 Bitget live order book, 5 min ago	3.11 bp	14.3 bp −$14	21.1 bp −$211	doesn't fit	doesn't fit
Sell MEXC live order book, 5 min ago	0.52 bp	2.1 bp −$2	7.7 bp −$77	88.0 bp −$8,797	236.7 bp −$118.3K

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
Lighter XPL	−0.1016%	1h	0.09621	−0.176%	$4.4M	$3.1M	10x	as long as short
01 Exchange XPLUSD	−0.0528%	1h	0.09628	−0.104%	$560	$873	5x	as long as short
Bybit XPLUSDT	−0.0403%	4h	0.09622	−0.166%	$45.6M	$53.9M	75x	as long as short
Deribit XPL_USDC-PERPETUAL	−0.0373%	1h	0.09626	−0.125%	$46K	$16K	25x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0331% / S +0.0627%	1h	0.09651	+0.138%	$107K	—	100x	as long as short
Paradex XPL-USD-PERP	−0.0132%	8h	0.09630	−0.085%	$13K	$696	5x	as long as short
OKX XPL-USDT-SWAP	−0.0092%	4h	0.09620	−0.187%	$7.7M	$47.7M	50x	as long as short
Orderly PERP_XPL_USDC	−0.0036%	4h	0.09622	−0.166%	$30K	$220K	10x	as long as short
Extended XPL-USD	−0.0008%	1h	0.09631	−0.069%	$610K	$1.2M	25x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09635	−0.030%	$9K	$600	5x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−21.449%	—	—	—	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09656	+0.183%	$73K	—	150x	as long as short
Binance XPLUSDT	+0.0077%	4h	0.09624	−0.141%	$44.2M	$97.6M	75x	as long as short
MEXC XPL_USDTshort	+0.0080%	4h	0.09633	−0.052%	$13.5M	$6.4M	100x
Nado XPL-PERP	+0.0100%	1h	0.09635	−0.034%	$1.3M	$2.2M	10x	as long as short
Hyperliquid XPL	+0.0100%	1h	0.09647	+0.090%	$61.2M	$45.5M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09637	−0.011%	$255K	$398K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09638	+0.004%	$220K	$47K	10x	as long as short
Gate XPL_USDT	+0.0100%	4h	0.09630	−0.083%	$3.0M	$3.3M	75x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09636	−0.021%	$2.4M	$1.3M	50x	as long as short
Bitget XPLUSDTlong	+0.0100%	4h	0.09638	long leg	$9.0M	$10.0M	75x
BingX XPL-USDT	+0.0100%	4h	0.09625	−0.135%	—	$7.7M	—	as long as short
Backpack XPL_USDC_PERP	+0.0100%	1h	0.09639	+0.010%	$183K	$173K	10x	as long as short
Variational Omni XPL	+0.0100%	4h	0.09635	−0.034%	$1.8M	$1.9M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09649	+0.119%	$259K	$1.3M	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09650	+0.125%	$25K	$73K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09644	+0.062%	$126K	$1.6M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09620	−0.187%	$3K	$1.6M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09630	−0.083%	$186	$9K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09646	+0.083%	$134K	$214K	20x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09640	+0.021%	$140K	$0	10x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09622	−0.162%	$29K	$18K	3x	as long as short
Phoenix XPL	+0.0251%	1h	0.09658	+0.208%	$195K	$468K	10x	as long as short
BloFin XPL-USDT	+0.0320%	4h	0.09625	−0.135%	$1.7M	$935K	75x	as long as short
Coinbase International XPL-PERP-INTX	+0.0648%	1h	0.09798	+1.660%	$65K	$94K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.1813%	1h	0.09728	+0.938%	$553K	$979K	10x	as long as short