XPL

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0240%/8h= −26.3% APRnext payment −$1.20 per $10,000 · paid last 24h −0.072%

Price spread now: Binance against BloFin−0.007%61s7-day average +0.022% · you buy dearer than you sell

Net, funding: paid 7d − costs−$92as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$460.458% of the position

Long on BloFin Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.462%−$46 on $10k

Price spread, last 3 days (all we have)+0.187%+$19 · spread now −0.007%, 7d avg +0.022%

Together, before fees−0.274%−$27 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Binance is 0.030% cheaper against BloFin than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.022%). Swap the legs. The two prices were read 61 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin XPL-USDT	0.09700	0.0340	pay 0.0170% / 4h	2h 00m	$1.7M	$1.2M	75x
Short	Binance XPLUSDT	0.09699	0.0100	get 0.0050% / 4h	2h 00m	$43.6M	$105.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against BloFin. 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 BloFinbpFee BinancebpOrdersPrice spread, now −0.007%Rate

Funding earned: −$50.4
Price spread: −0.007% → +0.022%: −$2.97
Slippage, 4 orders: −$23.77
Fee BloFin: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$99.14
Costs to cover: 0.458%
Break-even: never at this rate

Slippage from BloFin: live order book, 3 min ago; Binance: live order book, 13 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 BloFin live order book, 3 min ago	3.09 bp	11.2 bp −$11	26.9 bp −$269	73.3 bp −$7,327	doesn't fit
Sell Binance live order book, 13 min ago	0.51 bp	10.6 bp −$11	26.3 bp −$263	111.5 bp −$11.1K	doesn't fit

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
Backpack XPL_USDC_PERP	−0.0118%	1h	0.09704	+0.041%	$177K	$283K	10x	as long as short
Lighter XPL	−0.0096%	1h	0.09689	−0.113%	$4.4M	$4.3M	10x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0091% / S +0.0493%	1h	0.09708	+0.085%	$112K	—	100x	as long as short
01 Exchange XPLUSD	−0.0072%	1h	0.09700	0.000%	$564	$708	5x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09701	+0.010%	$8K	—	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−21.953%	—	—	—	as long as short
Deribit XPL_USDC-PERPETUAL	0.0000%	1h	0.09715	+0.155%	$47K	$18K	25x	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09709	+0.092%	$72K	—	150x	as long as short
Orderly PERP_XPL_USDC	+0.0081%	4h	0.09708	+0.082%	$27K	$333K	10x	as long as short
Paradex XPL-USD-PERP	+0.0089%	8h	0.09690	−0.105%	$13K	$2K	5x	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	0.09713	+0.138%	$62.4M	$47.3M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09708	+0.085%	$251K	$527K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09694	−0.060%	$220K	$45K	10x	as long as short
Binance XPLUSDTshort	+0.0100%	4h	0.09699	−0.007%	$43.6M	$105.6M	75x
Bybit XPLUSDT	+0.0100%	4h	0.09700	0.000%	$47.2M	$53.6M	75x	as long as short
OKX XPL-USDT-SWAP	+0.0100%	4h	0.09697	−0.031%	$8.9M	$53.2M	50x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09700	+0.002%	$140K	$10K	10x	as long as short
Gate XPL_USDT	+0.0100%	4h	0.09704	+0.041%	$3.0M	$4.0M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09705	+0.052%	$12.7M	$7.7M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09702	+0.021%	$2.4M	$1.4M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09705	+0.052%	$8.6M	$11.1M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09696	−0.041%	—	$7.9M	—	as long as short
Variational Omni XPL	+0.0100%	4h	0.09700	+0.002%	$1.7M	$1.9M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09698	−0.019%	$262K	$775K	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09710	+0.103%	$25K	$87K	50x	as long as short
Nado XPL-PERP	+0.0100%	1h	0.09696	−0.041%	$1.4M	$2.7M	10x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09718	+0.187%	$129K	$2.7M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09690	−0.103%	$3K	$2.0M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09700	0.000%	$206	$10K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09698	−0.021%	$138K	$246K	20x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09709	+0.096%	$657K	$1.1M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09713	+0.132%	$38K	$5K	3x	as long as short
BloFin XPL-USDTlong	+0.0340%	4h	0.09700	long leg	$1.7M	$1.2M	75x
Phoenix XPL	+0.0485%	1h	0.09717	+0.175%	$197K	$646K	10x	as long as short
Coinbase International XPL-PERP-INTX	+0.0824%	1h	0.09731	+0.320%	$73K	$102K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.3510%	1h	0.09741	+0.426%	$513K	$948K	10x	as long as short