XPL

Alert

Funding spread now, next payment 17:00 UTC−0.0554%/8h

paid, last 24h−0.083%paid, last 3 days−0.151%to open and closeno order book

The current rate is far above what this pair has been paying: over the last 3 days it paid -0.151% in total (about -19.2% 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	0.09967	0.0100	pay 0.0050% / 4h	3h 01m	$48.2M	$49.0M	75x
Short	GMX XPL/USD [WBTC.b-USDC]	0.09995	L −0.0039% / S +0.0454%	pay 0.0057% / 1h	1m 35s	$135K	—	100x

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee BybitbpFee GMXbpOrdersRate

Funding earned: −$116.35
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee GMX: 6 bp × 2 orders: −$12
Net: −$139.35
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 4 min ago; GMX: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: +0.278%
Avg gap 7d: +0.049%

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, 4 min ago	0.50 bp	19.5 bp −$20	51.1 bp −$511	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

XPL on 35 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Lighter XPL	−0.0888%	1h	$4.5M	$4.2M	10x	as long as short
Backpack XPL_USDC_PERP	−0.0145%	1h	$184K	$284K	10x	as long as short
01 Exchange XPLUSD	−0.0096%	1h	$580	$593	5x	as long as short
GMX XPL/USD [WBTC.b-USDC]short	L −0.0039% / S +0.0454%	1h	$135K	—	100x
dYdX XPL-USD	0.0000%	1h	$8K	—	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	—	—	—	as long as short
Deribit XPL_USDC-PERPETUAL	0.0000%	1h	$50K	$17K	25x	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	$74K	—	150x	as long as short
Orderly PERP_XPL_USDC	+0.0022%	4h	$28K	$333K	10x	as long as short
Paradex XPL-USD-PERP	+0.0096%	8h	$13K	$1K	5x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Aster XPLUSDT	+0.0100%	4h	$266K	$455K	20x	as long as short
Pacifica XPL	+0.0100%	1h	$226K	$15K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	$45.4M	$98.2M	75x	as long as short
Bybit XPLUSDTlong	+0.0100%	4h	$48.2M	$49.0M	75x
OKX XPL-USDT-SWAP	+0.0100%	4h	$9.5M	$53.5M	50x	as long as short
Gate XPL_USDT	+0.0100%	4h	$3.1M	$4.0M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	$14.0M	$7.7M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	$2.5M	$1.4M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	$8.7M	$11.0M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	—	$7.9M	—	as long as short
Variational Omni XPL	+0.0100%	4h	$1.7M	$1.8M	—	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	$30K	$92K	50x	as long as short
Nado XPL-PERP	+0.0100%	1h	$1.5M	$2.5M	10x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	$125K	$3.3M	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	$201	$9K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	$145K	$239K	20x	as long as short
Bulk XPL-USD	+0.0100%	1h	$142K	$52K	10x	as long as short
Extended XPL-USD	+0.0104%	1h	$644K	$831K	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	$39K	$5K	3x	as long as short
Hyperliquid XPL	+0.0136%	1h	$65.0M	$41.2M	10x	as long as short
Phoenix XPL	+0.0245%	1h	$204K	$618K	10x	as long as short
BloFin XPL-USDT	+0.0340%	4h	$1.8M	$1.2M	75x	as long as short
Coinbase International XPL-PERP-INTX	+0.0840%	1h	$78K	$131K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.1427%	1h	$255K	$584K	10x	as long as short