XPL

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0447%/8h= +48.9% APRnext payment +$2.23 per $10,000 · paid last 24h +0.017%

Price spread now: Binance against Bybit+0.014%7-day average +0.015% · you sell dearer than you buy

Net, funding: paid 7d − costs−$38as in the Funding arb table

Net, price: spread back to 7d avg − costs−$46as in the Price arb table

costs, in and out, $10k−$460.463% of the position

Long on Bybit Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.082%+$8 on $10k

Price spread, last 7 days+0.002%$0 · spread now +0.014%, 7d avg +0.015%

Together, before fees+0.084%+$8 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.015%, so right now this pair is about funding alone: +$13 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.082% in total (about 4.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.23 per $10,000. 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	0.09521	−0.0347	get 0.0173% / 4h	3h 37m	$45.2M	$54.1M	75x
Short	Binance XPLUSDT	0.09522	0.0100	get 0.0050% / 4h	3h 37m	$43.4M	$98.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Bybit. 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 BybitbpFee BinancebpOrdersPrice spread, now +0.014%Rate

Funding earned: $93.77
Price spread: +0.014% → +0.015%: −$0.11
Slippage, 4 orders: −$25.25
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Binance: 5 bp × 2 orders: −$10
Net: $47.41
Costs to cover: 0.463%
Break-even: 3.5 days

Slippage from Bybit: live order book, 1 min ago; Binance: 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 Bybit live order book, 1 min ago	0.53 bp	14.5 bp −$15	34.5 bp −$345	doesn't fit	doesn't fit
Sell Binance live order book, 5 min ago	0.52 bp	9.8 bp −$10	21.0 bp −$210	112.2 bp −$11.2K	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	−0.1296%	1h	0.09504	−0.179%	$4.3M	$3.1M	10x	as long as short
01 Exchange XPLUSD	−0.0440%	1h	0.09510	−0.116%	$553	$873	5x	as long as short
Bybit XPLUSDTlong	−0.0347%	4h	0.09521	long leg	$45.2M	$54.1M	75x
GMX XPL/USD [WBTC.b-USDC]	L −0.0234% / S +0.0570%	1h	0.09519	−0.017%	$105K	—	100x	as long as short
Paradex XPL-USD-PERP	−0.0104%	8h	0.09508	−0.135%	$12K	$696	5x	as long as short
Deribit XPL_USDC-PERPETUAL	−0.0065%	1h	0.09520	−0.011%	$46K	$18K	25x	as long as short
Gate XPL_USDT	−0.0062%	4h	0.09514	−0.074%	$2.9M	$3.3M	75x	as long as short
OKX XPL-USDT-SWAP	−0.0029%	4h	0.09520	−0.011%	$7.6M	$47.5M	50x	as long as short
Backpack XPL_USDC_PERP	−0.0027%	1h	0.09526	+0.053%	$178K	$179K	10x	as long as short
Orderly PERP_XPL_USDC	−0.0025%	4h	0.09513	−0.084%	$30K	$261K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX XPL-USD	0.0000%	1h	0.09515	−0.059%	$9K	$600	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−20.484%	—	—	—	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09519	−0.021%	$72K	—	150x	as long as short
Nado XPL-PERP	+0.0100%	1h	0.09511	−0.100%	$1.3M	$2.2M	10x	as long as short
Hyperliquid XPL	+0.0100%	1h	0.09534	+0.140%	$60.3M	$45.7M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09529	+0.079%	$252K	$402K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09518	−0.032%	$218K	$46K	10x	as long as short
Binance XPLUSDTshort	+0.0100%	4h	0.09522	+0.014%	$43.4M	$98.0M	75x
Bulk XPL-USD	+0.0100%	1h	0.09510	−0.116%	$139K	$0	10x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09517	−0.042%	$12.5M	$6.5M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09512	−0.095%	$2.3M	$1.2M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09531	+0.105%	$9.0M	$9.9M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09521	0.000%	—	$7.8M	—	as long as short
Variational Omni XPL	+0.0100%	4h	0.09516	−0.053%	$1.7M	$1.9M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09520	−0.011%	$255K	$1.3M	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09520	−0.011%	$25K	$73K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09518	−0.036%	$125K	$1.7M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09500	−0.221%	$3K	$1.6M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09510	−0.116%	$192	$9K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09501	−0.210%	$131K	$213K	20x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09519	−0.020%	$588K	$1.1M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09515	−0.063%	$28K	$18K	3x	as long as short
Phoenix XPL	+0.0251%	1h	0.09548	+0.284%	$193K	$494K	10x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09513	−0.084%	$1.7M	$922K	75x	as long as short
Coinbase International XPL-PERP-INTX	+0.0536%	1h	0.09596	+0.788%	$64K	$92K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.2719%	1h	0.09538	+0.174%	$541K	$954K	10x	as long as short