XPL

Alert

Funding spread now, next payment 16:00 UTC−0.0303%/8h

paid, last 24h0.000%paid, last 7 days+0.199%to open and close $10k−$59

The current rate is far above what this pair has been paying: over the last 7 days it paid 0.199% in total (about 10.4% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit XPLUSDT	0.1005	0.0100	pay 0.0050% / 4h	13m 24s	$48.9M	$47.6M	75x
Short	Backpack XPL_USDC_PERP	0.1010	−0.0203	pay 0.0025% / 1h	13m 24s	$188K	$289K	10x

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee BybitbpFee BackpackbpOrdersRate

Funding earned: −$63.72
Slippage, 4 orders: −$38.26
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$122.99
Break-even: never at this rate

Slippage from Bybit: live order book, 2 min ago; Backpack: live order book, 36 min ago.

Price risk

price view

Price gap now: +0.537%
Avg gap 7d: +0.050%

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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 Bybit live order book, 2 min ago	0.50 bp	16.9 bp −$17	44.3 bp −$443	doesn't fit	doesn't fit
Sell Backpack live order book, 36 min ago	3.93 bp	11.9 bp −$12	doesn't fit	doesn't fit	doesn't fit

XPL on 35 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Lighter XPL	−0.0872%	1h	$4.5M	$4.2M	10x	as long as short
Backpack XPL_USDC_PERPshort	−0.0203%	1h	$188K	$289K	10x
01 Exchange XPLUSD	−0.0152%	1h	$585	$3K	5x	as long as short
Deribit XPL_USDC-PERPETUAL	−0.0048%	1h	$47K	$11K	25x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0041% / S +0.0454%	1h	$134K	—	100x	as long as short
dYdX XPL-USD	0.0000%	1h	$8K	—	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	—	—	—	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	$72K	—	150x	as long as short
Orderly PERP_XPL_USDC	+0.0029%	4h	$28K	$331K	10x	as long as short
Paradex XPL-USD-PERP	+0.0094%	8h	$13K	$1K	5x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Nado XPL-PERP	+0.0100%	1h	$1.5M	$2.4M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	$270K	$447K	20x	as long as short
Pacifica XPL	+0.0100%	1h	$227K	$19K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	$46.8M	$93.6M	75x	as long as short
Bybit XPLUSDTlong	+0.0100%	4h	$48.9M	$47.6M	75x
OKX XPL-USDT-SWAP	+0.0100%	4h	$9.7M	$53.0M	50x	as long as short
Gate XPL_USDT	+0.0100%	4h	$3.1M	$3.9M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	$14.5M	$7.5M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	$2.8M	$1.3M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	$8.9M	$10.8M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	—	$7.9M	—	as long as short
Variational Omni XPL	+0.0100%	4h	$1.8M	$1.7M	—	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	$30K	$89K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	$139K	$3.5M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	$3K	$1.9M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	$216	$9K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	$148K	$255K	20x	as long as short
Bulk XPL-USD	+0.0100%	1h	$141K	$6K	10x	as long as short
Extended XPL-USD	+0.0104%	1h	$652K	$807K	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	$39K	$5K	3x	as long as short
Hyperliquid XPL	+0.0249%	1h	$67.5M	$35.9M	10x	as long as short
Phoenix XPL	+0.0312%	1h	$205K	$596K	10x	as long as short
BloFin XPL-USDT	+0.0340%	4h	$1.9M	$1.2M	75x	as long as short
Coinbase International XPL-PERP-INTX	+0.0888%	1h	$76K	$141K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.1623%	1h	$151K	$439K	10x	as long as short