XPL

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0240%/8h= −26.3% APRnext payment −$1.20 per $10,000 · paid last 24h −0.072%

Price spread now: SunX against BloFin−0.344%55s7-day average −0.136% · you buy dearer than you sell

Net, funding: paid 7d − costs−$385as 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−$3413.412% of the position

Long on BloFin Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.438%−$44 on $10k

Price spread, last 4 days (all we have)+0.127%+$13 · spread now −0.344%, 7d avg −0.136%

Together, before fees−0.311%−$31 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 SunX is 0.209% cheaper against BloFin than usual: you would sell low and buy high (−$21 if the spread goes back to its 7-day average of −0.136%). Swap the legs. The two prices were read 55 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	0.09583	0.0340	pay 0.0170% / 4h	1h 27m	$1.7M	$934K	75x
Short	SunX XPL-USDT	0.09550	0.0100	get 0.0050% / 4h	1h 27m	$3K	$1.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.344%Rate

Funding earned: −$50.4
Price spread: −0.344% → −0.136%: −$20.85
Slippage, 4 orders: −$321.17
Fee BloFin: 6 bp × 2 orders: −$12
Fee SunX: 4 bp × 2 orders: −$8
Net: −$412.42
Costs to cover: 3.412%
Break-even: never at this rate

Slippage from BloFin: live order book, 5 min ago; SunX: live order book, 7 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, 5 min ago	0.52 bp	13.9 bp −$14	25.3 bp −$253	78.4 bp −$7,842	doesn't fit
Sell SunX live order book, 7 min ago	36.67 bp	153.4 bp −$153	doesn't fit	doesn't fit	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
Lighter XPL	−0.1168%	1h	0.09562	−0.219%	$4.3M	$3.2M	10x	as long as short
01 Exchange XPLUSD	−0.0368%	1h	0.09572	−0.115%	$638	$790	5x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0313% / S +0.0615%	1h	0.09581	−0.018%	$106K	—	100x	as long as short
Deribit XPL_USDC-PERPETUAL	−0.0167%	1h	0.09577	−0.063%	$46K	$18K	25x	as long as short
Orderly PERP_XPL_USDC	−0.0005%	4h	0.09572	−0.115%	$30K	$266K	10x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09573	−0.108%	$9K	$600	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−20.999%	—	—	—	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09580	−0.032%	$72K	—	150x	as long as short
Paradex XPL-USD-PERP	+0.0060%	8h	0.09568	−0.151%	$12K	$696	5x	as long as short
Nado XPL-PERP	+0.0100%	1h	0.09573	−0.104%	$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	0.09592	+0.099%	$60.6M	$46.2M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09594	+0.111%	$253K	$415K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09580	−0.033%	$219K	$47K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09587	+0.042%	$43.4M	$97.1M	75x	as long as short
Bybit XPLUSDT	+0.0100%	4h	0.09585	+0.021%	$45.8M	$53.2M	75x	as long as short
OKX XPL-USDT-SWAP	+0.0100%	4h	0.09592	+0.094%	$7.9M	$47.8M	50x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09565	−0.188%	$139K	$0	10x	as long as short
Gate XPL_USDT	+0.0100%	4h	0.09584	+0.010%	$3.0M	$3.4M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09585	+0.021%	$12.5M	$6.8M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09580	−0.031%	$2.3M	$1.3M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09600	+0.177%	$8.8M	$9.6M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09587	+0.042%	—	$7.8M	—	as long as short
Backpack XPL_USDC_PERP	+0.0100%	1h	0.09581	−0.021%	$177K	$188K	10x	as long as short
Variational Omni XPL	+0.0100%	4h	0.09566	−0.179%	$1.7M	$1.9M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09565	−0.190%	$260K	$1.2M	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09590	+0.073%	$25K	$77K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09584	+0.008%	$125K	$1.8M	10x	as long as short
SunX XPL-USDTshort	+0.0100%	4h	0.09550	−0.344%	$3K	$1.6M	20x
SoDEX XPL-USD	+0.0100%	1h	0.09570	−0.136%	$196	$9K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09571	−0.125%	$132K	$212K	20x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09581	−0.024%	$602K	$1.2M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09573	−0.107%	$28K	$18K	3x	as long as short
Phoenix XPL	+0.0248%	1h	0.09577	−0.063%	$194K	$506K	10x	as long as short
BloFin XPL-USDTlong	+0.0340%	4h	0.09583	long leg	$1.7M	$934K	75x
Coinbase International XPL-PERP-INTX	+0.0664%	1h	0.09718	+1.409%	$66K	$92K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.2850%	1h	0.09606	+0.240%	$544K	$933K	10x	as long as short