XPL

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0403%/8h= +44.1% APRnext payment +$2.01 per $10,000 · paid last 24h +0.017%

Price spread now: BingX against Bybit+0.011%7-day average +0.012% · you sell dearer than you buy

Net, funding: paid 7d − costs−$41as in the Funding arb table

Net, price: spread back to 7d avg − costs−$52as in the Price arb table

costs, in and out, $10k−$520.515% of the position

Long on Bybit Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.100%+$10 on $10k

Price spread, last 7 days−0.010%−$1 · spread now +0.011%, 7d avg +0.012%

Together, before fees+0.090%+$9 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.012%, so right now this pair is about funding alone: +$12 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 0.100% in total (about 5.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.01 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit XPLUSDT	0.09504	−0.0303	get 0.0151% / 4h	2h 18m	$44.8M	$53.2M	75x
Short	BingX XPL-USDT	0.09505	0.0100	get 0.0050% / 4h	2h 18m	—	$7.7M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now +0.011%Rate

Funding earned: $84.57
Price spread: +0.011% → +0.012%: −$0.18
Slippage, 4 orders: −$30.54
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee BingX: 5 bp × 2 orders: −$10
Net: $32.85
Costs to cover: 0.515%
Break-even: 4.3 days

Slippage from Bybit: live order book, 3 min ago; BingX: 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 Bybit live order book, 3 min ago	0.53 bp	10.2 bp −$10	37.5 bp −$375	doesn't fit	doesn't fit
Sell BingX live order book, 13 min ago	5.78 bp	15.1 bp −$15	33.4 bp −$334	91.7 bp −$9,172	doesn't fit

XPL on 36 exchanges

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	−0.0968%	1h	0.09491	−0.137%	$4.3M	$3.1M	10x	as long as short
01 Exchange XPLUSD	−0.0536%	1h	0.09499	−0.053%	$552	$873	5x	as long as short
Deribit XPL_USDC-PERPETUAL	−0.0381%	1h	0.09499	−0.053%	$47K	$18K	25x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0377% / S +0.0654%	1h	0.09506	+0.016%	$105K	—	100x	as long as short
Bybit XPLUSDTlong	−0.0303%	4h	0.09504	long leg	$44.8M	$53.2M	75x
Extended XPL-USD	−0.0200%	1h	0.09505	+0.007%	$601K	$1.2M	25x	as long as short
Paradex XPL-USD-PERP	−0.0138%	8h	0.09498	−0.066%	$12K	$696	5x	as long as short
OKX XPL-USDT-SWAP	−0.0098%	4h	0.09510	+0.063%	$7.6M	$47.2M	50x	as long as short
Orderly PERP_XPL_USDC	−0.0068%	4h	0.09495	−0.095%	$30K	$195K	10x	as long as short
Gate XPL_USDT	−0.0038%	4h	0.09504	0.000%	$2.9M	$3.4M	75x	as long as short

Show all 36 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance XPLUSDT	−0.0001%	4h	0.09505	+0.011%	$43.5M	$96.6M	75x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09508	+0.043%	$9K	$600	5x	as long as short
MEXC XPL_USDT	0.0000%	4h	0.09507	+0.032%	$13.5M	$6.5M	100x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−20.342%	—	—	—	as long as short
BloFin XPL-USDT	+0.0005%	4h	0.09492	−0.126%	$1.7M	$804K	75x	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09507	+0.035%	$72K	—	150x	as long as short
Aevo XPL-PERP	+0.0080%	1h	0.09492	−0.125%	$28K	$18K	3x	as long as short
Nado XPL-PERP	+0.0100%	1h	0.09506	+0.016%	$1.2M	$2.2M	10x	as long as short
Hyperliquid XPL	+0.0100%	1h	0.09523	+0.204%	$60.3M	$42.9M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09514	+0.109%	$253K	$379K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09509	+0.051%	$218K	$45K	10x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09506	+0.021%	$2.4M	$1.3M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09513	+0.095%	$8.9M	$10.1M	75x	as long as short
BingX XPL-USDTshort	+0.0100%	4h	0.09505	+0.011%	—	$7.7M	—
Backpack XPL_USDC_PERP	+0.0100%	1h	0.09503	−0.011%	$179K	$172K	10x	as long as short
Variational Omni XPL	+0.0100%	4h	0.09496	−0.089%	$1.7M	$1.8M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09508	+0.045%	$253K	$1.3M	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09510	+0.063%	$25K	$68K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09515	+0.116%	$125K	$1.4M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09490	−0.147%	$3K	$1.5M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09490	−0.147%	$178	$9K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09503	−0.011%	$132K	$211K	20x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09515	+0.116%	$139K	$5K	10x	as long as short
Phoenix XPL	+0.0166%	1h	0.09508	+0.042%	$192K	$474K	10x	as long as short
Coinbase International XPL-PERP-INTX	+0.0648%	1h	0.09736	+2.441%	$65K	$95K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.1852%	1h	0.09524	+0.211%	$542K	$984K	10x	as long as short