XPL

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0122%/8h= +13.4% APRnext payment +$0.61 per $10,000 · paid last 24h +0.010%

Price spread now: SunX against Bybit−0.272%7-day average −0.143% · you buy dearer than you sell

Net, funding: paid 7d − costs−$309as in the Funding arb table

Net, price: spread back to 7d avg − costs−$333as in the Price arb table

costs, in and out, $10k−$3203.201% of the position

Long on Bybit Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.111%+$11 on $10k

Price spread, last 4 days (all we have)+0.034%+$3 · spread now −0.272%, 7d avg −0.143%

Together, before fees+0.144%+$14 on $10k · with fees, hour by hour

Funding pays, the price is against you. SunX is 0.129% cheaper against Bybit than usual: you would sell low and buy high (spread −0.272% now, against its 7-day average of −0.143%). If the spread goes back, that is −$13 on $10k: about 3.5 days of funding at the current rate (+$4 a day). At the pace of the last 7 days (+0.111% in total) that is about 8.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit XPLUSDT	0.09546	−0.0022	get 0.0011% / 4h	16m 01s	$45.5M	$54.0M	75x
Short	SunX XPL-USDT	0.09520	0.0100	get 0.0050% / 4h	16m 01s	$2K	$1.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.272%Rate

Funding earned: $25.62
Price spread: −0.272% → −0.143%: −$12.9
Slippage, 4 orders: −$301.1
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee SunX: 4 bp × 2 orders: −$8
Net: −$307.38
Costs to cover: 3.201%
Break-even: 91.0 days

Slippage from Bybit: live order book, 3 min ago; SunX: live order book, 9 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	0.52 bp	9.8 bp −$10	40.6 bp −$406	doesn't fit	doesn't fit
Sell SunX live order book, 9 min ago	31.58 bp	139.8 bp −$140	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	−0.1448%	1h	0.09535	−0.115%	$4.3M	$3.2M	10x	as long as short
01 Exchange XPLUSD	−0.0488%	1h	0.09545	−0.010%	$555	$873	5x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0234% / S +0.0570%	1h	0.09553	+0.079%	$105K	—	100x	as long as short
Deribit XPL_USDC-PERPETUAL	−0.0064%	1h	0.09552	+0.063%	$46K	$18K	25x	as long as short
Paradex XPL-USD-PERP	−0.0039%	8h	0.09548	+0.017%	$12K	$696	5x	as long as short
Orderly PERP_XPL_USDC	−0.0028%	4h	0.09545	−0.010%	$30K	$277K	10x	as long as short
Bybit XPLUSDTlong	−0.0022%	4h	0.09546	long leg	$45.5M	$54.0M	75x
dYdX XPL-USD	0.0000%	1h	0.09558	+0.127%	$9K	$600	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−20.692%	—	—	—	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09552	+0.068%	$72K	—	150x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX XPL-USDT-SWAP	+0.0057%	4h	0.09545	−0.010%	$7.7M	$47.7M	50x	as long as short
Extended XPL-USD	+0.0080%	1h	0.09545	−0.008%	$595K	$1.2M	25x	as long as short
Nado XPL-PERP	+0.0100%	1h	0.09546	+0.005%	$1.3M	$2.2M	10x	as long as short
Hyperliquid XPL	+0.0100%	1h	0.09565	+0.196%	$60.3M	$46.0M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09554	+0.079%	$252K	$419K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09556	+0.108%	$219K	$46K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09547	+0.010%	$43.2M	$97.9M	75x	as long as short
Gate XPL_USDT	+0.0100%	4h	0.09548	+0.021%	$2.9M	$3.4M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09547	+0.010%	$12.4M	$6.6M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09549	+0.031%	$2.3M	$1.2M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09556	+0.105%	$9.0M	$9.9M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09547	+0.010%	—	$7.8M	—	as long as short
Backpack XPL_USDC_PERP	+0.0100%	1h	0.09554	+0.084%	$179K	$184K	10x	as long as short
Variational Omni XPL	+0.0100%	4h	0.09516	−0.316%	$1.7M	$2.0M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09547	+0.007%	$254K	$1.3M	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09560	+0.147%	$25K	$75K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09557	+0.117%	$125K	$1.8M	10x	as long as short
SunX XPL-USDTshort	+0.0100%	4h	0.09520	−0.272%	$2K	$1.6M	20x
SoDEX XPL-USD	+0.0100%	1h	0.09550	+0.042%	$196	$9K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09544	−0.021%	$132K	$212K	20x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09555	+0.094%	$139K	$0	10x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09550	+0.042%	$28K	$18K	3x	as long as short
Phoenix XPL	+0.0249%	1h	0.09563	+0.178%	$194K	$495K	10x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09548	+0.021%	$1.7M	$923K	75x	as long as short
Coinbase International XPL-PERP-INTX	+0.0808%	1h	0.09620	+0.775%	$65K	$92K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.2738%	1h	0.09580	+0.360%	$541K	$939K	10x	as long as short