XPL

Alert

Funding spread now, next payment 14:00 UTC−0.1625%/8h

next payment, per $10,000−$2.03paid, last 24h−0.164%paid, last 5 days−0.210%to open and close $10k−$117

Long on Coinbase International Short on Backpack

The current rate is far above what this pair has been paying: over the last 5 days it paid -0.210% in total (about -16.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.03 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	Coinbase International XPL-PERP-INTX	0.1010	0.0880	pay 0.0110% / 1h	51m 51s	$106K	$121K	50x
Short	Backpack XPL_USDC_PERP	0.1008	−0.0745	pay 0.0093% / 1h	51m 51s	$184K	$277K	10x

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee Coinbase InternationalbpFee BackpackbpOrdersRate

Funding earned: −$341.21
Slippage, 4 orders: −$96.63
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$457.84
Break-even: never at this rate

Slippage from Coinbase International: live order book, 2 min ago; Backpack: live order book, 3 min ago.

Price risk

price view

Price gap now: −0.119%
Avg gap 7d: −0.662%

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 Coinbase International live order book, 2 min ago	27.27 bp	35.2 bp −$35	doesn't fit	doesn't fit	doesn't fit
Sell Backpack live order book, 3 min ago	0.49 bp	8.2 bp −$8	doesn't fit	doesn't fit	doesn't fit

XPL on 34 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Lighter XPL	−0.1176%	1h	$4.5M	$3.8M	10x	as long as short
Backpack XPL_USDC_PERPshort	−0.0745%	1h	$184K	$277K	10x
GMX XPL/USD [WBTC.b-USDC]	L −0.0033% / S +0.0446%	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
Deribit XPL_USDC-PERPETUAL	0.0000%	1h	$46K	$10K	25x	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	$73K	—	150x	as long as short
Orderly PERP_XPL_USDC	+0.0046%	4h	$28K	$331K	10x	as long as short
Paradex XPL-USD-PERP	+0.0095%	8h	$12K	$946	5x	as long as short
Nado XPL-PERP	+0.0100%	1h	$1.4M	$2.2M	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Aster XPLUSDT	+0.0100%	4h	$307K	$401K	20x	as long as short
Pacifica XPL	+0.0100%	1h	$227K	$18K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	$47.3M	$86.9M	75x	as long as short
Bybit XPLUSDT	+0.0100%	4h	$49.3M	$43.8M	75x	as long as short
OKX XPL-USDT-SWAP	+0.0100%	4h	$9.8M	$50.4M	50x	as long as short
Bulk XPL-USD	+0.0100%	1h	$143K	$35K	10x	as long as short
Gate XPL_USDT	+0.0100%	4h	$3.1M	$3.7M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	$14.1M	$6.8M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	$2.7M	$1.3M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	$9.1M	$10.0M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	—	$7.9M	—	as long as short
Variational Omni XPL	+0.0100%	4h	$1.9M	$1.4M	—	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	$31K	$83K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	$137K	$3.6M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	$3K	$1.8M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	$303	$9K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	$149K	$251K	20x	as long as short
Extended XPL-USD	+0.0104%	1h	$643K	$752K	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	$39K	$5K	3x	as long as short
Hyperliquid XPL	+0.0139%	1h	$67.2M	$33.5M	10x	as long as short
BloFin XPL-USDT	+0.0340%	4h	$1.9M	$1.1M	75x	as long as short
Phoenix XPL	+0.0391%	1h	$221K	$528K	10x	as long as short
Kraken Futures PF_XPLUSD	+0.0520%	1h	$137K	$382K	10x	as long as short
Coinbase International XPL-PERP-INTXlong	+0.0880%	1h	$106K	$121K	50x